Dylan Matthews, guesting at Ezra’s place, provides this handy dandy chart to track Jim Cramer’s predictions on the Dow: He concludes, Actually, I’ll give Cramer some props. With the small exceptions of Boeing, GM, and IBM, the market tends to do the reverse of what he anticipates. ...

With the economy in upheaval, it’s getting more and more difficult to establish a reliable investment, or indicator for that matter.  To illustrate, two longtime blue chips are currently teetering on the Dow Jones industrial average fence. With stocks dropping below the $2 mark, GM and Citigr...

Another day and the ball gets kicked down the field a little further on a possible Apple Netbook. Dow Jones, citing two unnamed sources says Apple will indeed launch a Netbook later this year with a touch screen between 9.7 and 10  inches. Another source is saying that other specs have not been...

The news has been consistently full of disheartening records of ‘lowest since’ and ‘highest since’ for quite a while.  Unemployment is still rising if not accelerating.   12% of all homes with mortgages are either in default, delinquent, or foreclosure.  Nearly every econ...

[Click the image to enlarge it.] That graph shows some perspective. And here’s some reality: As we all know, yesterday the stock market took anther slide.  I usually hate Associated Press articles because they rarely explain the news well, but yesterday’s short AP piece was, like that g...

Satire by Shawn Goodwin TonyfromOz prefaces ….. This is just so funny. Revelers, exhibitionists, and alcoholics across the country participated in Mardi Gras celebrations this week, completely oblivious to the Economic Katrina that is the Stimulus Package. People want a party, and they are not...

Judging from the title to this commentary, you might expect me to join the chorus of Wall Street Cassandras now predicting Armageddon for the U.S. (if not the global) economy. But this is not the case. Instead, I merely feel compelled to reinforce my admonition that the “the only thing we hav...

good... the fall of the house of cards may be picking up some steam... In the United States, the Dow Jones industrial average fell below 7,000 for the first time since 1997 as investors reacted to reports that construction and industrial activity had continued to decline and to a $61.7 billion loss ...

  As many are saying this week, we do not wish Obama to fail - too many people will be permanently ruined financially if that were to pass. But while I do not wish for Obama to fail, he is going to fail and it is going to be a spectacularly horrific failure. Gateway Pundit has been displaying some ...

Bad day on Wall Street today, folks. The S&P 500 closed at the lowest level since April 1997. The NYT explains: Analysts said that after fevered speculation last week about bank nationalization, many investors now expect the government to move in that direction, despite statements from the White Hou...