November 2008

Acting as an anvil on the neck of the Dow Jones Industrial Average is General Motors (GM), one of 30 corporate leaders thought to represent the U.S. economy. Citigroup (C) too. Time to dump both of them from the Dow Jones Industrial Average. Both are in desperate need of capital, and I expect both will have to  seek government help. I've told you plenty about Citi's rotten balance sheet. ... read more

Does the stock market fare better under a Democratic Administration versus a Republican Administration? Answer: No--saying it does mistakes coincidence as fact. Read on. Expect the economic arbiters charged with officially calling economic slowdowns to announce after the election that we are in a recession. October is always the toughest month of the year for the stock market, it's ... read more