Sentient Money

My favorite market analyst Barry Ritholtz, at The Big Picture, has called for:
“Bottom line:  A bounce, similar to January, only not as strong or long-lasting. And, its not a lasting bottom.”
I couldn’t agree more.  Things are getting worse not better.  GM and Ford can’t sell any SUVs or trucks, and only people buying cars are [...]

Relaxing late Saturday night with a decent micro-brew and a soothing thunderstorm outside is the only way to go.
 
All right, here is a listing of posts from the past week worth paying for:
 
·         How low must housing prices go before families can afford to buy?  -  Millionaire Mommy Next Door almost always delivers something good.   [...]

Bill Gates has officially left Microsoft. He leaves to run an absolutely gigantic charity with the power to institute real world change. His future and the acts of his charity will be a fascinating story, but not the one I’m focusing on for this post. I’m more interested in how Microsoft fares without Gates.
Will the [...]

All great men and women can provide advice that is applicable across a broad field.  No, Hemingway isn’t a great investor, but he is a great writer.  Thus, he has something to impart, so relax and enjoy his  9 pieces of wisdom:

 
 
Listen
“I like to listen. I have learned a great deal from listening carefully. Most [...]

“…most companies are reluctant to retain or hire older workers. At the top of the corporate ladder, executive recruiters are routinely told not to seek anyone over 50, notes Peter Cappelli, director of the Center for Human Resources at the University of Pennsylvania’s Wharton School.” - NYT
If this is the case planning for early retirement [...]

“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful.” - Warren Buffett
This is the perfect time to reaffirm Mr. Buffett’s advice as consumer confidence [...]

I know I have been focusing on oil, but it seems to be the main market factor at this time.
Here are a few links to some quality articles on the current oil crisis:

Bye, Bubble? The Price of Oil May Be Peaking - Barron’s
Oil Conspiracy Theorists: Rev Your Engines - Salon
Gas Prices Edge Lower - [...]

The price of oil is starting to stir the big players:

China plans raise gas, diesel and aviation fuel prices for their citizens by 8%. The Chinese government controls price, so they are reducing their subsidy to increase the price of basic fuel. http://money.cnn.com/2008/06/19/markets/oil/index.htm?cnn=yes

Saudi Arabia will increase oil production by 500,000 barrels a day in [...]

The big question up before congress right now is whether or not to open up more areas of our country to the oil companies (offshore drilling and drilling in protected). The answer to this question should be easy for anyone who pays attention to how things actually work. The answer is an emphatic [...]

It is interesting this quote comes from one of the wealthiest and most oppressive moguls of the modern era.

There is no class, so pitiably wretched, as that which possesses money and nothing else. - Andrew Carnegie

Why does it seem certain people make money, as if, by magic? The funny thing is when you finally [...]