The most important day for the market last week was Friday. Not Thursday, the natural reaction to good news from Microsoft and Yahoo. Friday, when the markets followed up their big jump with a little more consolidation. Though some may think the market is finally poised for a large move higher, that is not quite true. Yet.More...
The Bush administration has, for the sake of evenhandedness taken an idiotic policy concerning Israel. It is an improvement over the past administration's policy but recent events show an absolute ludicrous quality to their policies in this region.More...
Five years ago, I wrote an article for the JUF News in Chicago about being physically lost in Jerusalem. As that story went, I rented a car at the airport and drove there and got lost in the serpentine streets of that lovely city. This time, I had no problem finding my destination(I took a bus and a cab) but I had horrendous technology problems. AOL in Israel? doesn't want to work. Internet Bar? Can't find one.More...
The Federal Reserve finally proved me wrong the last week of June. I was predicting another 50 basis points of rate cuts with a statement indicating the economy was recovering nicely and they were through with the money.More...
Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
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