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It's The Diva Of Doom, Fortune Make Market Stock

Posted by James Breen at 7 August 2008 9:16

I have no idea there are millions of people who think this way, who feel the same way in the face of fortune make market stock. I can stress strongly enough that every individual makes words.

You do not want to miss this.

Maria Bartiromo? As my British footballing friends across the pond would say, "Who are yer?" While CNBC's "Money Honey" was an icon of the nineties stock market boom, Oppenheimer analyst Meredith Whitney, who I term "The Diva of Doom," sees a meteoric rise in popularity as the global economic crisis unfolds. It's not her looks that are winning over open-minded investors (okay, maybe a wee bit). Nevertheless her gloomy forecasts, which are turning out to be uncannily correct. CNN Money's .. full post.

Let's be honest: it has got totally out of hand. In truth, the truly great joy is something like this:

Assessing the Materiality of Financial Misstatements: Two Articles for the Price of One. Many thanks to Christine Hurt and the folks here at the 'Glom for including me in Junior Scholars Forum. This is my third year participating, and the papers I have been asked to read are always stellar. This year, I had the good fortune to read Professor James Park's article, Assessing the Materiality of Financial Misstatements. What I found was that I was actually reading two articles, one on ..keep reading.

My plan was simple on paper. Still, while it is true to say that I ended up richer than average income earner, also learning a great deal about a fabled and exotic way of life.

The stock market indexes all continue to trend below the 50 day moving average with the 200 day moving average trailing right behind it. This is the most bearish possible scenario for the indexes to be in and looking to go long stocks with the indexes setup like this is just asking for trouble. However, the worst possible other factor is finally being relieved. I was not making money in my shorts recently with the market in this negative position but now my shorts are doing well and even the .. full article.

I have done it! Nothing else can go wrong. Free at last!

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People file for bankruptcy because they're in debt. The more debt there is, the more bankruptcies there are. Well, duh! It really is that simple. When compared to the level of borrowing, the rate of bankruptcy has remained fairly steady. In 1977, 74 bankruptcies were filed for every $100 million of consumer debt. In 1997, 73 bankruptcies were filed for every $100 million of consumer debt. Bankruptcy isn't the cause of debt but rather is the result. And it isn't the disease but rather is one of the cures. Restricting access to bankruptcy court won't solve the problem of debt any more than closing the hospitals will cure a plague.


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