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Archive 2009



           The balance of the text of 2009 was erased from this website
                                    by a hacker attack in 2011

Friday, March 13, 2009

Dow closes up 54 points as financials lead stocks to best week since November

Larry Summers states that recovery date is uncertain

The implications of Treasury bonds hitting new lows

Dollar's rally means weaker earnings

Two steps forward, one step back, for gold, but trend is still upwards

Demand for everything tumbles - trade deficit at a six year low

Bernanke to appear on 60 minutes on March 15th

U.S. stocks move higher in early trading

Short sale price rules on agenda for April SEC meeting

Mark-to-market meeting set by FASB for Monday

Treasurys fret over Chinese concerns

China: The great red hope

Economy's decline pushes California back into deficit

Treasuries fall as stocks gain and China asks for debt assurance

Mortgage cramdown plan faces turbulence in the Senate

Thoughts on walking away from your mortgage

Falling home prices are making it more difficult to get a mortgage

American families lost $11 trillion in 2008

Commodities clearing a path for stocks to follow

Parsons: Citigroup is well-capitalized and needs no further bailout

Asian stocks rise overnight on Japan and China stimulus optimism

Milestones of the financial crisis

Obama administration drops use of term "enemy combatant"

Cramer's seven signs this rally is real

Breitbart: Obama says economic crisis is not as bad as first thought

The days of suppressing the price of gold are over

Jim Rogers on gold, silver and manipulation


NAACP says bank giants steered African-Americans to subprime loans


Stevie Wonder, the 12 year old genius, performs "Fingertips" and "Hey Love" and "Ribbon in the Sky" and "You Are the Sunshine of My Life" and "That's What Friends Are For" and "We Are the World"

The mile high club-- how to refuel an airplane in midair

Homes of billionaires


Stumbling, bumbling sled dog: "Sorry, this is my first Iditarod"

Thursday, March 12, 2009

Some people have asked me: How much money have I lost on my own, personal stock market investments over the course of the last year? The answer is: $139.00. That's right, a loss of $139.00, from March 31, 2008 until yesterday. I invite you -- the visitors to this website -- to ask me how I accomplished so small a loss. Click on the CONTACT US button on the upper/left side of your screen.

Walter Lewis

Dow closes up 240 points as rally continues

Invest better, sure, but savings are key in today's environment

Yen and dollar rise as deepening global recession spurs demand for safety

G20 meeting looms: The world economy is shrinking

Buffett's Berkshire Hathaway downgraded by Fitch to AA+

There is a rumor that AIG is carrying the debt of France. Uh,oh!

Stocks in Europe and Asia fall overnight and U.S. futures decline in pre-trading hours

House of cards: Inside the subprime mortgage crisis

Mary Jane Matts: "Go long in financials"

Hugh Hendry: "I'm short stocks and buying dollars"

Stock picks for Dow 8000 bounce

African-American multilmillionaires

Madoff jailed after pleading guilty to epic Poni scheme

Madoff arrives at courthouse for expected guilty plea

Madoff's refusal on conspiracy charge said to have blocked plea deal

Roche to buy Genentech for $46.8 billion in friendly take-over

Report: U.S. on short end of health care value gap


Kelly Clarkson sings "A Moment Like This" and "Before Your Love". The first winner of American Idol has got it all

Wednesday, March 11, 2009
Dow closes up 4 points for second straight win
Freddie Mac seeks $30.8 billion in federal aid after $23.9 billion 4th-quarter loss
Obama signs spending bill and issues signing statement
Wall Street up in early trading
Stocks in Europe and Asia advance overnight and U.S. futures are up pre-open
Geithner may use capital injections to help banks sell bad assets
China's investment surges 26.5% on stimulus as exports plunge
Fund managers and CEOs forecast a higher price for gold
Greenspan: The Fed's low interest rate policy did not cause housing bubble
State housing agencies get caught in credit crunch
U.S. foreclosures hit record level in February

Mortgage applications rise for first time in three weeks
Oil below $46 overnight as U.S.report cuts demand forecast
Global confidence fell in March as global economies crumbled
Does card check kill the secret ballot or not?
Think it's still a bear market? Here is how to play it
Was that the market bottom?
The WSJ: Economists give Obama, Geithner low grades
Who was Milton Friedman?
Who was John Maynard Keynes?

Who is Paul Krugman?
The Laffer-curve is central to supply-side economics
Is your bank healthy? How to tell
Husband, wife unaware they are a comedy team

Mariah Carey and Whitney Houston perform "The Prince of Eygpt"

Tuesday, March 10, 2009
Dow surges 379 points for biggest gain of the year so far

Wall Street soars 300 points in midday trading on Citigroup news and Bernanke address
Credit is tightening again. Is this a bear market trap?
Gold falls 2% to below $900 as equities soar
Rep. Barney Frank announces expectation that uptick rule will be restored in about a month
SEC decides to continue mark-to-market regulation
Bernanke calls for overhaul of nation's regulatory structure
Pandit says Citigroup having best quarter since 2007
Stocks in Europe and Asia advance overnight
Wholesale inventories fall again in January
White House: World coordinated stimulus needed
Oil rises to near $48 as OPEC signals supply cuts
Gold dips in early trading as exchange traded fund holdings remain unchanged
Madoff to plead guilty and could face up to 150 years
Moody's to release a list of companies it believes most likely to fail
11% of mortgages are troubled
Warren Buffett to CNBC: The economy has fallen off a cliff
Brian Jones: Geithner is the Ralph Kramden of finance
Hirschhorn: Five reasons to get back in the stock market
China: Deflationary dragon?
A new stem cell era under Obama
Obama to push merit pay for teachers
The future big problem for banks: Credit cards
How the 1930s New Deal hurt black Americans
Kevin Hassett: This article, which is highly critical of the Obama record, was featured on the Rush Limbaugh show
David Sirota: Another article that is very critical of Obama's plans
Survey of economists: U.S. unemployment will reach 9.4% in 2009
Survey: Americans' low insurance IQ can hurt a person's finances
No job? Can't refinance? How to talk to your bank
The Time-Space Theory: Is a rational Al-Qaida merely biding its time?
Hitchens: Handing the Swat Valley to the Taliban was the wrong move

Clay Aiken sings "Solitaire". That's righteous, brother

Monday, March 9, 2009
Dow closes down 80 points as top tech companies tank
Ford workers approve UAW contract changes
Roubini: Recession in U.S. could last 36 months
Doug Kass forecasts that the stock market bottom is near
Jim Cramer is befuddled regarding the market's future
Why Obama will not bring European social democracy to America

Ultimately, is this what is keeping your interest rates low and the value of the dollar high: The F-22 Raptor
U.S. stocks turn higher in early trading after Merck deal
Asian stocks fall overnight on capital concerns as HSBC slumps
Japan swings to record current account deficit
Recession on track to become longest in post-war era
Where is Hong Kong's stimulus?
Oil at $50 looms as OPEC plans cuts and keeps to quota
AIG tells regulators its failure would cripple banks and money market funds worldwide
Revealed: Fifteen AIG bailout counterparties
S
enior Republicans say banks should be allowed to fail
Republican lawmakers say Congress should stop giving General Motors funds

Jennifer Hudson sings the National Anthem at the 2009 Super Bowl. Just in case you didn't see it live

Friday, March 6, 2009
Dow closes up 33 points in late-day rally
Surging unemployment may prompt Obama to further action
Jobless rate bolts to 8.1% with a job loss of 651,000
AIG bailout aimed at saving European banks
Credit default swaps for dummies and further CDS information and further explanation of CDS
It may take years for banks to repay TARP money
George Soros explains it all in four minutes and thirty-two seconds
Paul Krugman: "I'd blame Alan Greenspan and Phil Gramm" and "We are in a depression not a recession"
Jim Cramer: Absolute bottom on Dow is 5,320

War on the rich?
House of cards: Origins of the financial crisis

Thursday, March 5, 2009
Dow closes down 281 points to reach a 12-year low
Mortgage cram-down bankruptcy bill passes U.S. House
Geithner effort to staff Treasury hit by Nazareth's withdrawal
U.S. stocks slide in early trading after China forecast and factory orders report
Oil falls to near $44 on continuing demand worries
China says growth of 8% possible in 2009
Gold eases on strong dollar

Productivity falls while wage pressures increase
New jobless claims unexpectedly fall to 639,000

Wednesday, March 4, 2009
Dow closes up 150 points as energy stocks surge
Home Affordable Modification Program Guidelines
Mortgage help: Who qualifies?
What are the odds of a depression: 20%
Russian scholar says United States will collapse in 2010

Monday, March 2, 2009
AIG quarterly loss is biggest in U.S. history: $61.7 billion

Friday, February 27, 2009
Wall Street closes down 119 points after Citigroup-government deal
U.S. GDP shrinks 6.2% in fourth quarter
Obama sets date to end combat mission in Iraq
California declares drought emergency

Thursday, February 26, 2009
Dow closes off 89 points on date of Obama budget release
Obama unveils first budget plan
Fannie Mae seeks $15.2 billion in federal aid
Americans receiving unemployment top 5 million
Gold eases on strong dollar
Israel to fight recession with tax cuts

Wednesday, February 25, 2009
Dow closes down 80 points after rallying from steep losses
Big banks face stress tests from regulators
Home sales sink unexpectedly to lowest level since 1997

Tuesday, February 24, 2009
Wall Street edges up in early trading on Bernanke comments
U.S. home prices drop at record pace in December

Bernanke fears recession could extend to 2010
Gold further retreats from $1,000/ounce
Consumer confidence plummets to new low in February
Obama's deficit goals: Hurdles ahead

Monday, February 23, 2009
Dow tumbles to 1997 levels

Feds explore taking bigger stakes in shaky banks
Yen falls to 12-week low against the dollar on loss of haven allure
Oil falls below $38 as investors lose confidence in the global economy
Clinton urges China to continue buying Treasury debt

Friday, February 20, 2009
Dow ends worst week of 2009 at 2002 levels
Bank worries sink Wall Street in midday trading
Consumer prices up 0.3% for first gain since July
Gold hits 11-month high on haven demand
Coming attraction: Bank nationalization
Who will not be helped by Obama's mortgage fix

Friday, February 13, 2009
Wall Street closes down 82 points as Hill acts on stimulus
Stocks wobble in early trading as world's finance ministers meet
Stimulus aims two-phase jolt at fading U.S. economy
Stimulus: Swagger v. reality

U.S. economy: Consumer confidence falls to lowest level since 1980
Gold slips as financial fears recede

Thursday, February 12, 2009
Stocks recover to close down 7 points on housing news
U.S. economy: Retail sales unexpectedly halt slide
Stimulus: How it may affect your wallet
China's economy shows signs of recovery on stimulus
Stimulus package headed for House vote on Friday
Cramer: Why you can't trust this market rally


Friday, February 6, 2009
Dow closes up 218 points after huge job losses
Senators say smaller stimulus deal reached

Wall Street up in early trading despite negative job report
U.S. economy: Jobless rate soars and payrolls plunge by 598,000
Scores of California state offices will not be open today
Time for Geithner to show his cards
What are we doing in Afghanistan?


Thursday, February 5, 2009
Dow closes up 106 points as techs give stocks a boost
Wall Street opens lower as weekly jobless claims rise
U.S. factory orders drop more than forecast as businesses rein in spending
Gold climbs 1.5% after interest rate decisions
White House now plans a limited bank aid package

Bank of England cuts rate as ECB holds steady
New jobless claims jump more than expected to 626,000
Is it too late to avoid a depression?

Wednesday, February 4, 2009
Dow closes off 122 points as Cisco outlook pressures stocks
Treasury in plans for record debt sale
Obama caps executive pay tied to bailout money
Economic know-nothingism

Wall Street holds gains in early trading despite dismal earnings reports
Gold steadies above $900 as market awaits rate decisions


Tuesday, February 3, 2009
Dow closes up 142 points despite Disney profit disappointment
U.S. auto sales plunge 37% to 26-year low

U.S. stocks mixed in early trading after rebound in home sales
Pending home resales rise as prices and rates drop
Revived supply concerns send Treasuries lower
On the way: A bigger, broader bailout


Monday, February 2, 2009
Dow closes down 64 points as Macy's jobs cuts weigh on market
Obama to nominate Republican Senator Judd Gregg for Commerce

Wall Street opens lower on economic reports
U.S. ISM manufacturing index rose to 35.6 in January
Consumer income and spending fall as savings rise
Businesses fare better in Senate economic package

Obama to require banks that receive aid to boost lending


Friday, January 30, 2009
Dow closes down 148 points as investors fear worsening economy
U.S. economy shrank 3.8% last quarter, the most since 1982
Wall Street opens modestly higher after GDP report
Gold rallies 2% on haven buying and hits euro high
Kudlow: Shelve the stimulus plan
Bank bailout: More money, more problems


Thursday, January 29, 2009
Dow closes down 226 points on fresh economic worries
Russia, China blame economic woes on capitalism
Obama: Wall Street bonuses are outrageous


Wednesday, January 28, 2009
House passes Obama economic stimulus plan
Dow closes up 201 points as Fed keeps rates low
Wall Street opens higher on bank optimism and Fed
FDIC may run bad bank in plan to purge toxic assets
NYU's Roubini: No where to wide from global slowdown


Tuesday, January 27, 2009
Dow closes up 59 points
Stocks flat in early trading as confidence sags
Home values post 18.2% annual drop in November
Oil nears $45 as OPEC cuts are weighed against demand
Gold slips below $900 as risk aversion eases
Consumer confidence slides to record low in January


Monday, January 26, 2009
Dow closes up 38 points despite economic woes
Wall Street rises in early trading on Pfizer-Wyeth deal and housing data
U.S. existing home sales rise on record price slump
Conference Board's leading indicators rise
Oil tops $48 after OPEC cuts

Global meltdown snares China
Gold climbs above $900 in flight to safety


Friday, January 23, 2009
Wall Street ends mixed as techs and financials rally
U.S. Treasury 30-year bond posts largest weekly loss since 1987
Wall Street extends slide in early trading on economic worries
Oil falls to near $42 with OPEC cuts in question
Gold jumps 3% as currency volatility prompts buying
Obama presses lawmakers on stimulus and accountability

Thursday, January 22, 2009
Dow closes down 105 points on bad news from Microsoft and Intel
Wall Street down in early trading after Microsoft report

Obama orders CIA prisons and Guantanamo shut
Housing starts and permits fall to record lows
Jobless claims surge to 26-year high
Libor climbs to two-week high as money markets reach a crossroads
Obama tax credit plans moving through House panels


Wednesday, January 21, 2009
Dow rallies to close up 279 points
U.S. stocks rise in early trading
Dollar at 7-1/2 year high vs. the pound
Obama team pushes to complete financial rescue plan
General Motors loses sales title to Toyota

Tuesday, January 20, 2009
Obama takes office

Video of Inaugural speech
Dow closes down 332 points as stocks rain on Inauguration
Wall Street lower in early trading as bank worries persist

Huge crowds gather in D.C. for Inauguration
Treasury demands that banks with TARP funds file monthly reports
Gold rises 2% on fresh investor interest

Fiat will take 35% interest in Chrysler
Bank of Canada cuts key rate to record 1%


Monday, January 19, 2009
Royal Bank of Scotland may post $41 billion loss as crisis deepens
European stocks decline on day Wall Street is closed
Oil falls below $35 ahead of busy earnings week


Friday, January 16, 2009
Dow closes up 69 points despite banking and economic woes
Deflation concerns grow as consumer prices shrink

Wall Street moves higher in early trading
Treasuries tumble as stocks rise on bailout of Bank of America

Citigroup splitting into two after posting $8.3 billion loss
Consumer sentiment index unexpectedly rises to 61.9
Oil languishes near $35 on weakening U.S. economy
Housing crash spawns big lawsuits
Gold up 2% as dollar drops following release of U.S. data


Thursday, January 15, 2009
Dow closes up 12 points in a bounce from steep losses
Congress clears way for second half of bailout
Mortgage rates hit new lows


U.S. stocks fall in early trading on Bank of America and Citibank worries
Oil volatile and lower on weak demand
Gold steady ahead of ECB rate decision
U.S. mortgage foreclosures up 81% in 2008
Volcker: Regulate to prevent future crisis


Wednesday, January 14, 2009
Dow slumps 248 points at close on retail woes

Tuesday, January 13, 2009
Dow closes down 24 points for fifth straight loss
U.S. deficit soars to $485.2 billion

Monday, January 12, 2009
Dow closes down 125 points as financial and energy shares drop
Oil extends slump to sixth day on speculation stockpiles are rising
Euro falls toward one-month low on ECB outlook and Spain's rating
Bush agrees to Obama entreaty for bailout funds
Alcoa reports $1.19 billion loss in fourth quarter because of low prices
The case for a quick recovery
Fed could keep rates near zero for all of 2009


Friday, January 9, 2009
Dow closes off 143 points as weak jobs picture pressures the market
Obama advisors: Plan will create or save up to 4.1 million jobs


Wednesday, January 7, 2009
Dow closes down 245 points as economic woes batter stocks
$1.2 trillion deficit looms
Euro falls against dollar before jobless and retail sales data
U.S. debt is losing its appeal in China
Oil steady below $43 after plunging on U.S. report
Friday's jobs report could show decline of 670,000

Tuesday, January 6, 2009
Dow closes up 62 points as market eyes Obama stimulus plan
Stocks pare gains in early trading following mixed economic reports
Pending home sales plunge to record low in November
Factory orders in U.S. fall twice as much as forecast
Service sector fell less than expected last month
Oil tops $50 on production cut talk
Gold weakens on strong dollar as platinum rises
Why Russia's woes should worry you


Monday, January 5, 2009
Dow closes down 82 points after weak auto sales
U.S. stocks pull back in early trading

Mideast, Russia send oil above $47
Obama targets tax cuts of more than $300 billion
Construction spending falls less than expected
Gold leads precious metals slide on firmer dollar
Global corporate profits likely to drop in 2009 as more bankruptcies loom


Friday, January 2, 2009
Dow closes up 258 points as investors cheer new year
U.S. stocks climb in early trading
Manufacturing shrinks as orders hit 60-year low
Gazprom increases Belarus gas supplies as Ukraine dispute deepens
Obama has no timetable for stimulus package
Feldstein: Economy may be worse a year from now
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