At this point, we might as well relocate the New York Stock Exchange to Washington, D.C.
Why? Because instead of focusing on individual economic and corporate fundamentals emanating from the financial center of the world, investors can't stop obsessing over policy decisions being made in our nation's capital.
For weeks, investors fretted over whether or not the Federal Reserve would start tapering its bond purchases.
And now?
They're panicked (and paralyzed) by the possibility of a government shutdown, thanks to the latest partisan impasse on the budget and debt ceiling limit.
Case in point: Stocks entered Wednesday on a four-day losing streak - determined to extend it to five - as every major market index opened to the downside.
Fear not, though. We've been here before. As for the latest political impasse, it promises to be no different. (Sorry speeders. Police will still be on active duty - and using radar - during any government shutdown.)
Here's proof - and, more importantly, how we
should be responding...
Click here to continue reading...  | Louis Basenese retired from Wall Street at the ripe age of 28. He did it by letting four (4) unbreakable laws work in his favor. The end result? A 13% total yield on stocks EVERY month. When yields are running north of 13% every month, your money can snowball very quickly. Investors who used these four unbreakable laws in tandem a month ago, well... They had the opportunity to earn a 15.09% monthly yield, and increase the balance on an average retirement account by $24,739. This month's yield could be even higher. Click here for the details. |
Arctic Journey Part Two: Alaska's Government Can Make You a Bundle By KARIM RAHEMTULLA, Investment Director, Oil & Energy Daily For the last three decades, Alaska natives have been basking in the sun even on the darkest days, when barely an hour of daylight peeks over the horizon.
They've been getting fat checks from the government just for living there.
In 2008, they received their biggest payout ever, more than $2,000 per resident, thanks to high oil prices and production.
But since then, the payout has been diminishing - even though oil prices have remained fairly robust.
The reason is simple...
Click here to continue reading... 
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