RichardNixon posts

Feed

Bernard Madoff finally speaks his mind -- sort of

Leave it to some aspiring comedian to come up with the "official" blog of accused fraudster Bernard Madoff.

That's right someone writing under the pen name "Not the Devil" offers readers Madoff's "opinions" on the a variety of issues and Wall Street personalities. The results can be amusing, particularly if you did not lose money in Madoff's immense Ponzi scheme.

The blog takes aim at the media's fascination with Madoff. "To whoever it was that managed to get yourself a bi-line in today's Sunday business section: You need to get more credible people to comment; a former FBI agent portrays me as a 'psychopath," the fake Madoff argues.

Continue reading Bernard Madoff finally speaks his mind -- sort of

Ben Stein: Sit back, relax, and enjoy the dips

One of the best financial writers going today must be Ben Stein. He is also, I think, one of the smartest people in America.

Stein is a lawyer, writer, economist, and actor. Heck, he's even written speeches for Richard Nixon, and Win Ben Stein's Money was one of the few game shows that was actually relatively enjoyable to watch. He writes a column for Yahoo! finance and another column for the New York Times called Everybody's Business. His December column Success Is All in a Day's Work is something that I urge you to give to every single young person you know.

Stein also appeared recently on CBS Sunday morning with a message of calm for jittery investors:

The economy is still very strong. The most cagey players on Wall Street, like Goldman Sachs, are now trying to buy -- not sell -- as much distressed merchandise in the mortgage area as they can. This is a good clue about where the smart money is going.

You can panic if you enjoy being panicky. But this will all blow over and the people who buy now, in due time, will be glad they did.

I hope Ben Stein is right, and I think he is.

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 12:30 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1329024635509 ms.