When people are losing their jobs and pitching tents because they lost their home, they aren’t going to go to Macy’s to buy a new pair of $100. With whatever cash they have (or panhandle) they’re going to go to Wal-Mart (NYSE:WMT) instead.
A lot of people want to know if what we’re seeing is a sucker’s rally or the real thing. Figuring it out is actually very simple. A true market rally isn’t built on government intervention and positive spin. It’s built on solid economic growth and solid earnings.
Oil is a hot topic. Even when I was five my mother always moaned about how much gas prices had gone up. Before I got my first car, I was already an expert at locating the cheapest gas stations. So I felt particularly betrayed that oil prices didn’t move down much further like I predicted they would here. But listen, I don’t like losing. So when I realized was wrong, I decided to look at a chart of the Light Crude Oil Contracts ($WTIC) and see what it told me.
Even with China’s veiled threats to pursue a “new reserve currency” and even with Ben Bernanke dropping cash from helicopters, I still don’t think the dollar is heading much lower. Here’s why…
Altria Group (NYSE: MO) is one of those companies that people love to hate. Considering Altria sells cigarettes, it is understandable. But Altria stock is making big moves and gives you a good chance to profit and collect a tidy dividend.
The nerds of the world have a huge war going on: Microsoft versus Linux.
A few nights ago, I was watching an interview with Jeff Bezos, the CEO and founder of Amazon Amazon.com (NASDAQ:AMZN) on “The Daily Show.”
When it comes to the oil markets, volatility is the name of the game. After seeing prices of nearly $150 a barrel last summer, oil prices have dropped to about $45 a barrel. Will prices move higher anytime soon?
My favorite CEO to hate was the ex-CEO of Yahoo (NASDAQ: YHOO), Jerry Yang.
It’s early in the morning in Delray Beach, Florida, and you know what I did? I made a cup of Jamaican Blue Mountain coffee (since I’m boycotting any unnecessary spending on pricey take-out coffees) and took a look at one of my favorite currencies in the universe – the U.S. dollar.
