“We’re clearly on the edge, it’s 50% or better,” said Alan Greenspan on Thursday, referring to the chance that the United States will fall into a recession. Six months ago the former Fed Chairman put the odds at no more than one in three. I think we are already in a recession.

Drop a dead cat off a high enough building and it will bounce upon impact. We on Wall Street call that “a dead cat bounce” which explains last week’s rally. Those who thought the gains in the S&P, NASDAQ and Dow signaled the end of the correction are hurting right now. A week’s worth of [...]

Six Flags took a back seat to the global stock markets this week as investors hung on for dear life. It was a six day panic-filled roller coaster ride that began last Sunday night overseas. As American investors tried to enjoy the Martin L. holiday some foreign markets were experiencing double digit declines. Who knows [...]

Drop a dead cat off a high enough building and it will bounce upon impact. We on Wall Street call that “a dead cat bounce” which explains last week’s rally. Those who thought the gains in the S&P, NASDAQ and Dow signaled the end of the correction are hurting right now. A week’s worth of [...]

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