Sunday, June 7, 2009

Learn Technical Stock Market Analysis

Almost everything I know about technical stock market analysis I learned from Stan Weinstein's "Secrets For Profiting in Bull and Bear Markets." Although it is a bit dated, it's simple, well written style makes this book a must for every investor's library.

It's a great introduction to technical stock market analysis. I invite you to check it out at Amazon.com where you can read what others have said about this book and preview the table of contents, index, and several pages of the first chapter. Here's what the late, great Louis Rukeyser had to say…
Stan Weinstein is one of the best market technicians operating today. One of the things I admire is his combination of a scholarly approach and the total clarity of his recommendations.
Amazon.com: Secrets For Profiting in Bull and Bear Markets

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Tuesday, May 12, 2009

The Housing Crisis Blame Game

From Capitalism Magazine By Thomas Sowell
After virtually every disaster created by Beltway politicians you can hear the sound of feet scurrying for cover in Washington, see fingers pointing in every direction away from Washington, and watch all sorts of scapegoats hauled up before Congressional committees to be denounced on television for the disasters created by members of the committee who are lecturing them.

The word repeated endlessly in these political charades is "deregulation." The idea is that it was a lack of government supervision which allowed "greed" in the private sector to lead the nation into crises that only our Beltway saviors can solve.

What utter rubbish this all is can be found by checking the record of how government regulators were precisely the ones who imposed lower mortgage lending standards - and it was members of Congress (of both parties) and who pushed the regulators, the banks and the mortgage-buying giants Fannie Mae and Freddie Mac into accepting risky mortgages, in the name of "affordable housing" and more home ownership.
Read More: The Housing Crisis Blame Game
Read The Book: The Housing Boom and Bust
Related: Facts on the Financial Crisis
Related: Fannie and Freddie Meltdown

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