InvestYoung

Similar Story!

I normally don’t post things about the New England Patriots, but had to bring this up. Do you all remember how Tom Brady took over the starting roll for the New England Patriots? I do, he replace Drew Bledsoe when he got hurt. Bledsoe was a great quarterback tossed to the side by the Patriots. And now it looks like the Patriots might do it to injured Tom Brady. I guess what comes around goes around. Tom Brady is out injured and Matt Cassel is doing amazing job right now for the Patriots. I sure hope Brady is taking his fat burner bills to stay in shape. That’s because Matt Cassel might become the new starting quarterback. And if you’re traded, hopeful to the Vikings you’re going to need to remain in shape.

No More Jobs!

I wonder how the Dow Jones will end today. With the Dow Jones ending under 8,000 points yesterday it’s anyone’s guess how it will end today. Well, I would like to take a shoot at saying where it will end up for the day. I think it will end up around 300 points. The day will start off slow, because of the weak unemployment benefits report that just came out. More and more people are losing their jobs at a rapid rate. And as we get closer to the Holiday season we’ll have a go understanding how people will spend. That’s the problem, no one is buying things, and you really can’t blame them. Anyway, around 1PM there will be so many bargains laying around investors will start buying. And when the buying starts everything starts to go up. So if you’re going to buy stocks today make sure you buy around 11AM. This is the way I see the day going. And you know what, I could be dead wrong and the stocks could tank all day. As always, do your own research on any stock your going to buy. I will say, stay away from the automakers stocks, there all ready to go under.

Update: Looks like I was dead wrong. And it looks to be just has bad tomorrow.

Cutting Jobs!

I just read that Citigroup Inc. is cutting about 53,000 jobs in the next coming months. I really don’t have much to say about people losing their jobs besides it sucks. And it’s never good thing for the economy or the people losing their job. Citigroup is having huge problems because of their huge losses to the tone of $2.8 billion in just the third quarter. The problem with companies like Citigroup they just grow to big to fast. They then start taking on shady deals and have wild spending habits. No one ever knows who’s in charge and things start to get out of control. Getting the news that your job is being eliminated is never a good thing, but I say just keep your head up and move on. Most companies today only really care about the bottom line and really don’t care about their employees. So do yourself a favor and don’t bother looking back.

World Recession!

Today Japan joins the 15-nation euro-zone as technically being in a recession. By having two straight quarters of a declining economy your considered in a recession. Japan’s last recession was in 2001 when their interest rate was set to zero percent. And that was just enough to get them out of that recession. I wonder what they will do this time to get out of a recession. Because they’re not alone, it will take a world effort to get out of this jam. If you didn’t know, Japan as the world’s second-largest economy, and could be facing more major problems ahead. It’s only a matter of time when the United States joins the ranks of the rest of the world to be considered in a recession. This would just add another bad thing to Bush’s list of bad choices. After all, he’s our leader and his people working for him should have seen this coming. Giving these financial companies a ton of freedom as ruined the world economy. And therefor no more money should be handed out, let them all fold. And only then will we be able to start over.