The American auto industry, GM and Chrysler in particular, have been tumbling since the last real financial collapse in this country in the 1970’s. They were in trouble then for the same reason they are in trouble now; bad business decisions, bad taste and an inferior product. Read the full story

The auto parts companies got a supposed lifeline last week. The government offered a $5 billion loan assistance package.

The package picks up the slack from private banks that are no longer willing to finance auto parts purchased on 45-60 day terms by the Detroit Big Three… Read the full story

I know we have all heard the various economic reports about the current condition of the economy.  Consumer confidence is at a 30-year low.  Almost 500,000 jobs have been lost so far this year in the U.S.  Gas is well over $4 a gallon. 

But it was over the Fourth of July weekend that I saw something that really hit me a Read the full story

Thank goodness, the election is over.  I was tired of the political ads, I was tired of the political banter at work and I was tired of the political reader feedback.  But since last Monday's article was addressing the election, unfortunately I don't get to put the political discussion behind me just yet.  There Read the full story

I received numerous emails about the auto bailout in my article, "Another Bailout: This Time Mainstreet is THE Issue".

The interesting thing was that the responses were split almost down the middle Read the full story

Over the last couple of weeks, I have written a couple of articles telling you why I think 2009 is going to see the market turn around and then the economy is going to turn around.  I received several emails about my If Hi Read the full story

During my appearance on CNBC’s Closing Bell show yesterday, I started thinking about some of the questions they asked me.  In particular, they kept asking if I was still bullish about 2009.  I had appeared on the show in December and stated that I thought 2009 was going to be a great year for the overall market. Read the full story

Please indulge me for a few minutes as I share a few personal stories about this historic day. If you are only interested in investment related articles, I warn you now that this is not an investment article.

As I sit here on this historic day in American history, I cant help but think back on my upbringing and the things I have witnessed Read the full story

How many times have you heard "it's different this time around?" I recall hearing it quite a bit back in 1999 when the equities markets were screaming higher at an unsustainable pace. It's different this time around because the technology improvements are increasing productivity and the Internet is changing everything.

Read the full story

Oil prices spiked earlier today as weakness in the dollar and a fire at a rig in the North Sea overshadowed Saudi Arabia's promise to boost output.  The price of oil reached $139.89 but has pulled back slightly in recent trade.

Stocks are struggling with oil jumping so sharply.  The New York State Empire Index is also contri Read the full story