One of the biggest things you should take from today’s wall street meltdown is that just about everybody has no idea what they are talking about.  How many times have you heard an “expert” on CNBC call a bottom in financials over the last several months?  Not only were the not right, but they were extremely wrong.  The fact is that today is the worst day in the continuing financial crisis in America.  Lehman Brothers, one of the most prestigious financial institutions in our country, has gone under.
We have been …

Yesterday, I decided to build a position in SKF – the UltraShort Financial ETF because I think the financial sector has more to drop.
I have been reading credible arguments which explain that more bank failures are on the way including probably one or more major bank names such as Bear Stearns. Meanwhile, Freddie Mac and Fannie Mae continue to get hammered. With the ETF price hovering around $130 right now, I am hoping for the price to get back up towards the $200 level that it was at …

Back in March when the market hit a low, many across the internet and the news networks called a bottom in financials. If they didn’t call a bottom, they made some bold prediction such as “We’re through the worst of it” or “We’re in the 8th inning of this financial crisis.” Well, a few months proved how retarded these comments were. Last week, we heard much of the same. I’m not gonna say we haven’t hit the bottom, but I’m not gonna tell you we have …

How do you plan to make money during bear markets? I have been writing recently about how the near term future has numerous head winds which should be damaging to equity prices. It seems the market has been agreeing with me over the last weeks. What are you doing to beat the market and make money when the market is getting slaughtered?