S&P cuts Ireland rating to AA on bank rescue cost.

For the second time in 3-months and since the debt crisis began, Standard and Poor's cuts Ireland's sovereign credit rating to "AA" with a negative outlook!  More

National Deficit 11.4 Trillion and counting, NOT a tax the rich issue! It is actually a tax your CHILDREN and GRANCHILDREN issue..

This argument has been falsely framed in a tax the rich vs. the needs of the many debate. If that was true, more taxes for the rich would surely make sense. After all, the rich can spare a little more to help everyone out. It sounds only patriotic and the right thing to do. But the truth of the matter is you cannot tax the rich enough to pay for the spending addicted government. The reported National Debt is now $11.4 Trillion and counting and everyone knows that government statistics lie- so the Debt it is more than likely MUCH, MUCH more!  More

Flashback to Countrywide Financial 2007 with Today's Market Action.

Not long ago, back in late 2007 I was short with a majority of my client base, a now notorious company by the name of Countrywide Financial at around $35/share.  More

WSProfit Bear Super-Cycle News. -UPDATED-

A Litany of Bear News Bullets.  More

Buffett sees signs recession getting worse - says inflation is a worry.

Billionaire Warren Buffett has already said he thinks the U.S. economy is in a recession, and now he says the economy is getting worse.  More

Fed Leaves Rates Unchanged; Sees Greater Inflation Risk.

Federal Reserve holds key interest rate at 2%, leaving it unchanged for the first time since last summer.  More

DOW Jones Industrial Average Drops -315.79 points, 3.02 percent to End the Week.

DOW Jones Industrial Average Drops -315.79 points, 3.02 percent to End the Week, Caping a 4th Straight Monthly Decline.  More

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