The Richest Woman in the World: How Gina Rinehart Earns her Billions
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The Dow Jones Industrials have lost 437 points in the last week. Last Sunday, after the Dow had lost 262 points, my post at The Informed Observer revealed my thoughts on what would happen next and why.
When I read Amey Stone's interview yesterday afternoon with Joe "Uber Bull" Battipaglia, I thought it might be interesting to offer another perspective. Even though the Dow is tumbling and we could be in for some rough sledding, I am reminded of the advice I gave a friend after September 11: If you can afford not to sell your stocks, the market will probably recover in the long run. Therefore, it is better to avoid the transaction costs and possible taxes of getting out and then getting back in; grit your teeth, and hold on.
Yesterday's official Consumer Price Index (CPI) report triggered investor fears that the Fed was unlikely to take its foot off of the interest rate brake pedal. In my view, this represents a potential first crisis for the new Fed Chair. Here's my view of the balance of economic downsides and upsides facing Ben Bernanke:
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
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