Worst May DJIA performance since 1940?

While factually true that May 2010 was the worst May since 1940, the Dow Jones Industrial Averages were down 122.36 or 1.2%, I feel subjectively this is not true.  Why? During May of 1940 the world was still just at the end of the Great Depression.  Furthermore, World...

Home resales continue to rise

April’s sales of existing homes rose 7.6% according to the National Association of Realtors.  What’s more March sales were revised upward to an increase of 7.0%.  However, the end of April marked the end of the Federal government’s first time home...

The German parliament approves bailout package

Good morning everyone! The EU bailout package was designed to reassure financial markets of the seriousness of European nations to handle their own financial affairs.  Needless to say, the financial markets were not reassured by the package.  Primarily the concerns...

A creative spark about financial regulation

I thought I would share with you a creative inspiration I had this morning about financial regulation.  Currently banks and other financial institutions contribute monies to insurance programs such as the Federal Deposit Insurance Corporation (FDIC).  What if these...

Patience in the face of fear

As I am sure each of you knows the U.S. financial markets have been taking a beating as of late.  Precisely counter to my recommendation to buy into those same markets.  Fear has been ruling the day.  Fear that Europe’s economy may collapse.  I hate to harp on...