This past week on Wall Street was something extraordinary. The biggest one week gain in two years came amid disappointing consumer sentiment, rising oil prices and decent earnings announcements. The Dow Jones Industrial Average moved up 5.4% last week, which is astonishing and leads me to wonder where the market will go from here. The summer is typically a pretty [...]

Facebook’s financials are not so private any longer as Goldman Sachs has released unaudited financial reports to high net worth investors who are being offered up over $1 Billion of Facebook stock. Based on the partial 2010 earnings figures, Facebook had net earnings of $400 Million on $1.6 Billion in revenue. These numbers just seem too good to be true [...]

The recent upswing in the stock market averages will likely be short lived as all the economic data is digested and analyzed and everyone realizes that the recovery is anything but certain. Unemployment is still at a 26 year high and will likely keep increasing. Holiday sales will most assuredly disappoint later in the year. The stratospheric rally of the [...]

Prince Al-Waleed bin Talal was just on CNBC live for an interview with Maria Bartoromo and it proved to be a very interesting conversation. The Prince has increased his stake in Citigroup to 5% and is supportive of the US Government’s increased lending to the bank. I think this additional governmental bailout of Citigroup is still just the beginning and [...]

Crude oil prices have been plummeting and is trading at $50.75/barrel as I write this. That is a big drop from the all-time high set just this past summer of $147.27. I think this dramatic pullback in oil prices could be a terrific time to start buying into the sector for a long term hold. It is now proven that [...]

I am absolutely shocked at the words coming out of Washington right now regarding our nation’s banks willingness to lend. Lawmakers are pressing the largest banks to lend money much more freely to spur consumer borrowing and increase consumption in order to jumpstart the economy. There is only one glaring problem with this plan: that’s how we got in this [...]

Wells Fargo announced its intention to issue $10 Billion in new stock to help cover the cost of acquiring Wachovia. The Nov 33 Put options I purchased a couple weeks ago were for this purpose exactly. Wells had announced last month they would be seeking to raise up to $20 Billion and it was obvious that when the shares were [...]

Wells Fargo (WFC) is announcing earnings and probably forward guidance before the market opens on Wednesday. WFC was up over 10% today and I took that opportunity to buy Nov 33 put options in the company because I see a lot of downward pressure on the stock over the coming weeks. The market rally on Monday will be remembered as [...]

Today will be remembered as a historic day of trading for the US stock markets. The Dow Jones Industrial Average closed up over 1,000 points, the largest point gain in history. I used this rally to sell aggressively out of some of the smaller, riskier stocks and keep money in the strong, high dividend yielding stocks that will surely weather [...]

The seemingly unending decline in the stock market will most likely continue into Friday as few investors will want to hold their stocks through the long holiday weekend. Already the selloff has stretched six straight trading days, with each day ratcheting up triple digit losses of the Dow Jones Industrial Average. Today’s market saw the Dow fall over 600 points, [...]