The Trick-Or-Treat Holiday HALLOWEEN got its name from All Hallows Eve , the eve of All Saints Day. The carved Pumpkin lit by a Candle inside is the most prominent symbol in America and is called a Jack-O-Lantern. Halloween Symbols of Death include graveyards – ghosts – skeletons – haunted houses. Symbols of Evil and Misfortune are witches [...]
Entries from October 2008
2008/10/30
Philadelphia Phillies Win MLB 2008 World Series
Brad Lidge “Mr Perfect” got the Biggest Save of his career clinching the World Series for the Phillies. He was a perfect 48 for 48 in save opportunities over the season. Lidge said ” It had to be won here – the Fans Deserve it – it had to be here. You go through a lot [...]
2008/10/29
Tensions between USA and Syria on the Rise
The USA Embassy announced it would close Thursday because of a mass rally called to protest a deadly weekend commando attack by US troops on a Syrian village at Sukkeriyah , 8 km / 5 miles from the Border of Iraq. The Syrian Government Demanded that Washington Apologize for Sunday’s cross-border Helicopter Strike by American Special [...]
2008/10/27
DJIA Closes at 5 Year Low 8175
Monday the Dow Jones Industrial Average [DJIA] Fell 203 Points to its lowest close in over 5 years. Most all of the decline came in the last 10 minutes of the trading session with Forced Selling by hedge and mutual funds , selling off assets so they can meet investors’ demands for their money back. Confidence is Razor-thin in this [...]
2008/10/26
European Horses Dominate Breeders Cup 2008
ARCADIA , California : Santa Anita RaceTrack More than 80,000 Fans , over the 2 Day Breeders Cup , witnessed World-Class Horse Racing and In-Total $155,474,553 was Wagered . The Europeans Dominated Saturday with Five Wins on the newly installed Pro-Ride Synthetic Surface. America’s Richest Horse wasn’t able to Win America’s Richest Race. Curlin , Horse Racing’s Top Money [...]
2008/10/25
Rich Man Poor Man
The Gap between RICH & POOR is widening in Europe and North America. According to the Paris based Organization for Economic Cooperation and Development [OECD] - Mexico , Turkey & the USA has the greatest inequality in the Rich-Poor Gap. The rise in inequality is generally due to the Rich improving their incomes in relation to the Middle [...]
2008/10/24
Alan”The UnderTaker”Greenspan I am Shocked I was Wrong
Alan Greenspan , the Chairman of the Federal Reserve from 1987 to 2006 , said recently “I am Wrong……. I’m Shocked … I was Wrong about How the World Works” The Dow was Down Another 312 Points to Close Friday at 8379. Casino Stocks were among those Taking a Beating. The Sell-Off is In Force , [...]
2008/10/23
Dollar UP Gold DOWN
The Dollar jumped to MultiYear Highs Wednesday while Gold Prices Fell. Investors worldwide are Selling everything , including Gold. Gold for December delivery fell $20.50 closing at $714.70 an ounce in New York and at $720 an ounce in London. Funds were forced to sell assets such as gold to meet Margin Calls and weakness in European economies lifted the [...]
2008/10/22
The R Word Recession Sweeping the Globe
Stocks ended Sharply Lower Wednesday with the DOW Tumbling 560 Points to close at 8469 after Negative Corporate Profit Forecasts. The Economic Downturn is drying up energy demand - Oil Prices Fell Below $68 a Barrel. Investors are worried that the “R” Word , Recession , an Economic Slowdown will Sweep the Globe. The energy markets have also been weighed [...]
2008/10/21
Weapons of Financial Mass Destruction
The people who recognized the high likelihood of defaults were able to profit from that likelihood – First , they could sell the mortgage securities short – a straightforward wager that has long been available. Second , they could buy credit default swaps (CDS) from banks and insurers like Merrill & AIG , who charged [...]
2008/10/20
Carmageddon Detroit Doomsday US Auto Death Watch
The recent Free-Fall Stock Plunge has put Both Ford & GM on DEATH WATCH. I suppose they’ll be handed over on silver platters to JPMorgan too. How about RothschildGM , CentralBankChrysler or RockefellerFord ? The CEO of Chrysler Fears the Collapse of the US auto industry amid the Credit Crisis and Wall Street Meltdown. World’s Largest Chevrolet dealer [...]
2008/10/18
The Iraqi People Have Spoken Get Out Occupier
40,000 or more followers of Shiite cleric Muqtada al-Sadr rolled on Baghdad Saturday in a mass public demonstration and Protest to Extending the UN Mandate allowing US led Military Forces in Iraq. USA and Iraqi leaders face a Dec. 31 deadline to reach agreement on the deal. The protesters want Iraq’s Parliament to Reject a [...]
2008/10/17
Oil Prices Roller Coaster Ride by the Powers That Be
Oil prices have dropped sharply in recent weeks with the economic crisis and lower consumption in developed nations. In New York , oil futures fell 8% to $68.57 a barrel Thursday – their lowest level since June 2007. It did move back up to $ 70.88 a barrel by midday but overnight retreated to $69.85 Oil has lost more [...]
2008/10/15
Dow Down 733 Points after Fed Reports RECESSION
The Dow had its Second Worst Daily Drop Ever on Wednesday , giving back 733 of the 936 points it had gained on Mondays Sucker Rally. The Federal Reserves Economic Forecast from their Beige Report released today: RECESSION , shaky economy , less consumer spending and less corporate profit sent the Dow Reeling. Mad Moneys [...]
2008/10/14
Suckers Rally – Dow Up 936 Points Monday
Coming off its worst weekly loss on record , the DJIA on Monday had it’s Largest Ever One Day Rise [ Up an Astounding Record 936 points] easily crushing the previous daily record of 499 points. These are Interesting Volatile Times we’re living in. Just don’t be surprised if this suckers rally doesn’t last. Dramatic movement [...]
2008/10/12
Wells Fargo Co Takes Over Wachovia $12.2 BILLION
The Federal Reserves Board of Governors unanimously approved Wells Fargo & Co $12.2 billion USD takeover of Wachovia Corp. After the 5 day waiting period to complete the acquisition , Wells Fargo will then have the largest U.S. bank branch network. Like JPMorgan Chase Co which acquired Washington Mutual in September , Wells Fargo Co took advantage of loan losses and [...]
2008/10/10
Stock Markets Worst Week in History
Wall Street and the Dow lost another 128 points Friday resulting in an 8 day loss by the blue chips of 2,400 points , or 22 % . The stock market had its worst week on record in both point and percentage terms. The S&P 500 index , watched by market professionals , had its worst week since 1933. Investors suffered [...]
2008/10/08
7 Trillion Dollars in ShareHolder Value GONE
A year ago Wall Street was celebrating the fifth anniversary of a bull market that had created $10 trillion in shareholder wealth since 2002. The Dow Jones IA and S&P 500 hit all time highs on Oct 9 , 2007. One Year Later , this current bear market is one of the worst in modern American history and [...]
2008/10/07
We The People
Declaration of Independence July 4, 1776 The Unanimous Declaration of the Thirteen United States of America When , in the course of human events , it becomes necessary for one people to dissolve the political bonds which have connected them with another and to assume among the powers of the earth the separate and equal [...]
2008/10/06
The Supreme Law of the United States
The Constitution of the United States of America Preamble: WE THE PEOPLE of the United States , in order to form a more perfect union , establish justice , insure domestic tranquility , provide for the common defense , promote the general welfare , and secure the blessings of liberty to ourselves and our posterity [...]
2008/10/02
You Didnt Think You Were Living in a Democracy Did You?
According to Chomsky: “I’m a boring speaker and I like it that way , I doubt that people are attracted to whatever the persona is. People are interested in the issues , and they’re interested in the issues because they are important. We don’t want to be swayed by superficial eloquence , by emotion and [...]
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