Commodities
What to do about BPs Dividend
It finally happened. Yesterday, BP (NYSE:BP) announced that it would suspend its dividend for the remainder of 2010. After that, it will probably depend on how much the… Read more
It’s Official: BP Cancels Dividend
BP finally bowed to political
pressure and announced it would cancel its quarterly dividend for the
remainder of 2010.
While this may be the prudent move to lessen
the… Read more
U.S. Congressional Budget Office Estimates Federal Debt Will Double by 2020
According to their own numbers, the U.S. Congress believes the Federal Government’s debt will rise to 90% of Gross Domestic Product by 2020. That means that the Government would need to… Read more
Certainties in an Uncertain Market
While I would love to tell you that I’m bullish on stocks, the fact is that we remain in a secular bear market. For this reason,… Read more
Ben Bernanke is confused about gold
Federal Reserve Chairman Ben Bernanke recently expressed some confusion about increases in gold prices.
According to a recent story in The Wall Street Journal, Bernanke said, “I don’t fully understand… Read more
Wall Street
Today I’m going to blow the lid clean off of what I consider to be the biggest tar-pit for individual investors in the market today.
BP May Cancel Dividend
At this point, BP has lost around $100 billion in market capitalization. Yet even the wildest estimates for the cost of the Gulf of Mexico spill are far below… Read more