What’s ailing Wall Street?
Over the past week, lots of people have called and emailed me to ask what’s causing the crisis in the markets. It’s simple: Arrogance. Arrogance is what has brought extremely powerful Wall Street firms to their knees, wiped out billions of dollars in assets, and lost thousands of people their jobs. It is arrogance that is the root of the crisis in the credit markets, what has caused all of this havoc over the last few weeks, and what will probably cause it to happen again sometime in the future. As I wrote last week, there was so much news and information being thrown at me that my head was […]
HedgeAnswers chooses McCain for President!
At recent events in Chicago and Philadelphia, participants in HedgeAnswers 2008 chose John McCain over Barak Obama for President. All participants voted in a mock election with the results overwhemingly going to the McCain-Palin ticket. Voters cast their ballots in secret and while not completely scientific, it was clearly done in a way to avoid any issues of impropriatey. For more information on the results or the events please get in touch. Look for a blog posting tomorrow regarding recent market turmoil and economic events. Thanks as always for your continued support and interest in my work.