Charting Stocks

Stock futures are down sharply this morning ahead of the open. The DJIA is down 170 points while the NASDAQ is off 21 points. The mainstream media sources are attributing todays selloff to a comment made from the Obama administration that suggests a GM bankruptcy is a possibility. Is that really the reason for the [...]

The 2008 US dollar rally is losing steam and may be coming to an end. I know that the run up in the currency left many in the financial world scratching their heads. How can the currency of a collapsing economy strengthen? Why, when trillions of new dollars are being created out of thin air, [...]

There’s been some speculation on GM today amid rumors of Shanghai Automotive Industry Corporation (Group) (SAIC). The deal, which was originally reported by the Chinese news site www.nbd.com.cn, was later officially denied by SAIC.
Another Chinese News Source, 21st Century Business Herald, later reported that Chinese state-owned companies such as Shanghai Auto and Dongfeng may have [...]

We’re naming names! Below are our picks for the best economic forecasters for 2008.
#1 Nouriel Roubini

Professor of Economics at New York University
Chairman, RGE Moniter
Website: www.rgemonitor.com
In his words: (2007) “With residential investment still in free fall, commercial real estate still doing fine until recently but now showing signs of strain, capex spending by the corporate sectors [...]

Kondratieff
Nikolai Kondratieff was a Russian Professor who, after the Russian revolution of 1917, was tasked with developing the “Five year plan” which researched and analyzed factors regarding economic growth for the Soviet’s. Kondratieff published his work in 1926 and because his findings seemed critical of the stated policies of Joseph Stalin, Professor Kondratieff was removed [...]

The annuity shoe is about to drop!
(MarketWatch.com) Shares of AXA dropped as much as 17% in Paris as the French insurance giant shaved about a quarter of this year’s underlying earnings assumptions as the world’s market gyrations produced fewer asset fees and made it more difficult to pay out on annuities.
The insurer added that the [...]

Are you one of the millions of Americans that has a portion of their retirement assets in annuities? If so, you MUST read this.
Thanks to their hefty brokerage commissions, annuities have become one of the most widely sold and marketed financial products in the US today. Variable annuities have upfront sales costs which range from [...]