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Archive for September, 2008

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Check Out Ramit’s 10 Links…

Tuesday, September 30th, 2008

Ramit over at

A Quick Review of the S&P 500 2008 Monthly Total Returns

Monday, September 29th, 2008

Here’s a quick review of the monthly total returns for the S&P 500 Index through the September 29th close: I’m thinking we’re going to want forget about this year! I’ll update the Dow’s numbers tomorrow for those who are interested.

THUD!

Monday, September 29th, 2008

That’s the sound the S&P 500 Index and other indexes are making today: According to the Standard & Poor’s website, at Friday’s close the S&P 500 Index was down 5.44% for the month of September. Today ALONE, it is down 5.63% (at the time of this writing)! If this pitiful performance continues through tomorrow, the […]

Ross Perot’s Three Wishes for the American Public

Monday, September 29th, 2008

AFM reader, commenter, and friend, Tom, sent me a link this morning to Ross Perot’s website, PerotCharts.com. I like Ross Perot because I think he truly wants what’s best for the America. While browsing his website, I watched the video on the main page. Towards the end of the video Perot was asked what his […]

OT: This is Why People Should Evacuate

Sunday, September 28th, 2008

From Two Weeks After Ike, More Than 400 Are Still Missing, in today’s Houston Chronicle: Gail Ettenger made her last phone call at 10:10 p.m. She was trapped in her Bolivar Peninsula bungalow with her Great Dane, Reba. A drowning cat cried outside. Her Jeep bobbed in the seawater surging around her home. Ettenger, 58, […]

Stephen Schwarzman on How We Got Where We Are

Saturday, September 27th, 2008

I saw this in Thursday’s Wall Street Journal and thought it worth sharing. It’s Stephen Schwarzman, chairman of Blackstone Group, talking about how we got into this credit crisis ($): “It’s a perfect storm. It started with Congress encouraging lending to lower-income people. You went from subprime loans being 2% of total loans in 2002 […]

Shocking: How Many Owe NO Income Tax

Friday, September 26th, 2008

Get this: Under current tax laws, IRS statistics for 2006 show that 45.6 million tax filers, essentially one-third of all filers, have no tax liability after taking their credits and deductions. “For good or ill,” notes the Tax Foundation, “this is a dramatic 57 percent increase since 2000 in the number of Americans who pay […]

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