Compared to its foreign counterparts, the U.S. stock market is one of the best performers this year – even though some nervous investors may find that hard to believe.
The Standard & Poor’s 500 Index is basically flat so far this year, but that’s a far better performance than the double-digit losses in other markets.
The French and German stock markets are down about 18% and 21%, respectively. Japan has plummeted nearly 15% in the aftermath of the crippling earthquake and tsunami, and China’s Shanghai Composite Index has plunged about 17%.
“The U.S. is the best house in a bad neighborhood,” James Dailey, manager of the TEAM Asset Strategy Fund, told CNN. “A lot of it has to do with the policy decisions and politics around the world and that’s very discomforting.”Read more »
I’ve started to notice something about my spending habits, and maybe you can relate. When I’m sad, stressed, or emotional, I often justify expenses by telling myself “I deserve it.”Read more »
The year is almost over, and the world’s supposedly “advanced” economies are still falling into chaos. Whether it’s Europe, the U.S., or Japan, the outlook for 2012 looks dismal.Read more »
My interest is in the future because I am going to spend the rest of my life there.”
– Charles Franklin Kettering
There’s a lot of pessimism out there amongst investors as they worry about growth… But the fears about a no-growth economy are overdone and the financial media is only covering the problems.Read more »
Jill Sommers, the CFTC Commissioner who is leading the investigation into the MF Global bankruptcy gave some important testimony to the House today that has been overshadowed by the expected appearance of Jon Corzine.Read more »
The U.S. municipal-bond market is 28 percent larger than reported in June, according to a quarterly Federal Reserve release, which used new data showing individuals own more state and local-government debt.Read more »
Imagine if every time you bought stocks or bonds you were hit with a small tax. How small? 0.0003 cents for every dollar. So if you made a $10,000 transaction, you would be charged $3. Under this circumstance, I doubt you would even notice the fee.Read more »
How do you decide whether you are wealthy or not? Do you determine that by how much money you spend at the stores? Of course not. You can tell if you are wealthy or not by comparing your assets to your liabilities.Read more »
It may take some time for people to figure this out, but the problem in Europe is not liquidity. The problem in Europe is sovereign debt. If we are over our heads with debt because we have spent more than we make, giving us a line of credit will not get us out of the hole.Read more »