Record Drops in Dow

Record Drops in Dow and S&P Monday 09/29/08 Dow      10,365.45    -777.68  (-6.98%) S&P         1,106.42    -106.85  (-8.81%) All the major indexes were down more than 6% for the first time since 1998. Prior to today, the biggest point drops for the Dow and S&P was after the 9/11 attacks in 2001. The VIX (a volatility [...]

Gov. Protects Money Market Funds

September 23, 2008 – Vanguard web site Treasury guaranty program for money market funds On Friday, the U.S. Department of Treasury announced a planto temporarily guarantee the account values of money market funds (taxable and tax-exempt) as of the close of business September 19. Important details—including program participation fees—have yet to be determined. As of [...]

Don’t worry, tomorrow we’ll be back for more frolic and fun

Spongebob Quotes: Spongebob: “Don’t worry, tomorrow we’ll be back for more frolic and fun.” Spongebob: “Moss always points to civilization.” Squidward: “This city needs to be destroyed!!! Or at least painted another color.” Squidward: “That’s it, I’m getting off the loony express.” Patrick: “I know a lot about head injuries…belieeeve me!” Sandy: “Stupidity isn’t a [...]

FDIC Launches Campaign To Help Consumers

FDIC Rolls out Deposit Insurance Awareness Campaign Personal Finance Expert Suze Orman Featured in PSAs FOR IMMEDIATE RELEASE September 22, 2008 Media Contact: Andrew Gray (202) 898-7192 The Federal Deposit Insurance Corporation (FDIC) today launches a national campaign designed to help consumers learn about the benefits and limitations of deposit insurance. The campaign’s public service [...]

Going for Broke – By ALAN ABELSON

MONDAY, SEPTEMBER 22, 2008 UP AND DOWN WALL STREET

Official Launch of MoneyBob.com Coming Soon

I am excited to announce that our little MoneyBob Blog on WordPress will soon migrate to his very own official landing page on www.MoneyBob.com. Hope to see you there. Good things will be coming soon. I would be interested to here your comments. Have any suggestions?

RGE Monitor Current News Items

Current News tidbits from the RGE Monitor Cost of Treasury Intervention in Financial Markets and Impact on Fiscal Deficit is Only Getting Bigger Democrats Call for Capping Executive Pay: Time to Reform Financial Sector Compensation Packages? Asian Central Banks Continue Liquidity Injection: Are Money Markets Responding? Are Asian Economies Vulnerable to Another Crisis This Time? [...]

3 Famous Financial Quotes

Sir John Templeton  – said, “the best opportunities occurred at the time of maximum pessimism.” Warren Buffet  – said, “be fearful when others are greedy and greedy when others are fearful.” Baron Rothschild, who made his family fortune buying up property when the Protestants and the Catholics were slaughtering each other, said, “Buy when blood [...]