After such a big drop, you’d expect a big bounce. But not Tuesday. Stocks just kept falling, with the Dow down another 508 points…
October 9th, 2008 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "stocks"
Teach Your Children Chinese Because China is the Next Great Country
The best thing you can do for your children is to teach them Chinese. And make sure their money is not in dollars. The U.S. is now the largest debtor ever…
July 28th, 2008 | Bill Bonner | 2 comments | Continued
Stock Markets All Over the World are Getting Whacked
It was dumb money that was buying stocks at their all-time peaks. Not only in the United States, but everywhere…
July 8th, 2008 | Bill Bonner | 1 comment | Continued
Bear Stearns’ Shareholders Sell Out for $2 a Share
Last week, Bear Stearns’ shareholders were separated from a lot of money; in a panic, they agreed to sell out for $2 a share. We wondered how these accountants, lawyers and market-savvy traders could have been so wrong about what they had. When the market closed on Friday they still had billions…
March 26th, 2008 | Bill Bonner | 1 comment | Continued
Prometheus, With The Cuffs On
Money carries no passport, but it slides through almost any border. It speaks no language, but when it talks, everyone listens. But for all its passe-partout appeal, money has more enemies than friends. And the biggest threat is probably is the financial industry itself. “Don’t worry,” the bright young man at a London private banking told us, “we maintain the highest levels of professionalism and use the most sophisticated tools of modern portfolio management.”
March 17th, 2008 | Bill Bonner | 3 comments | Continued
Gold Stocks Rising Almost Five Times as Much as Gold itself, While U.S. Dollar’s Purchasing Power Falls Closer and Closer to Nothing
Gold stocks rising almost five times as much as gold itself! “Since the mid-August 2007 lows,” he goes on, “at best gold is up 42.6% while the HUI is up 60.3%. This yields HUI leverage to gold of just 1.4x so far in this upleg. This is indeed disturbingly low.”
February 19th, 2008 | Mogambo Guru | 0 comments | Continued