Art Nadel: Art Nadel the new Bernard Madoff? 76 Year Old Financial Swindler. Disbarred Early in his Career for taking client money to pay off Loan Sharks.
Art Nadel, if you haven’t heard, is another financial swindler in the similar vein of Bernard Madoff. Of course his $350 million swindle doesn’t hold a light to Madoff’s $50 billion Ponzi scheme but this does tell us one thing, where there is one roach there will be many more. And that is why we […]
Dow up 1,174 Points in 4 Days: A Gain of 15.5%. Last Time we Had a 4 Day Gain this Big? August of 1932.
We have seen an unprecedented 4-day rally in the stock market.  This is rather astounding given the parade of bad news. New home sales hit half century lows. Consumer spending has fallen to lows not seen since 2001.  Unemployment claims are running at multi-decade lows.
The Miseducation of the California Housing Market: 3 Reasons Why California Housing Still Has 3 Years Before Hitting a Bottom.
California housing has been an enigma for most in terms of pricing. How in the world did the median price for a California home reach $597,640 at the peak of the housing bubble? That is a question that historians, economist, and writers will need to answer once the ashes are left. But we are still […]
Massive Market Volatility is not a Good Thing! Biggest Percent Gains and Losses Occur in Economic Crisis.
I am amazed at how many people think that suddenly with a 10 percent gain on Monday that somehow the market is now in good shape. This could not be further from the truth. Massive percentage swings occur during economic turbulent times. You do not want to see 10 percent up or 10 percent down […]