It was another eventful week in the stock market. The Fed offered to lend up to $200 billion to banks and Wall Street firms on Tuesday. It gave an undisclosed amount of emergency funding to Bear Stearns on Friday. According to this Bloomberg article, it is "the largest government bailout of a U.S. securities firm." It's time to re-read Roger Lowenstein's book When Genius Failed: The Rise and Fall of Long-Term Capital Management.
I've been busy buying stock funds. I'm thinking of over-rebalancing beyond my 60/40 stocks/bonds allocation. I think this is the time to tap the batteries I've been charging for so long.
Meanwhile, here are the interesting articles that I came across this week.
Why I Love My Prepaid Cell Phone - Prepaid cell phone works great. I spend less than $10 a month with my prepaid cell phone.
Is Google Bashing Finally Peaking? - I remember the $700 a GOOG share days not so long ago. Whoever goes to the top will have to take the shots. In the 1990s it was Microsoft. Everything they did was evil. Is Google any better now?
Who's To Blame For The Subprime Mortgage Mess - Do you blame the supply or the demand for bad loans? The demand. For if there were no demand, there would be no supply.
Reasons Why Your HELOC Can Be Your Emergency Fund - Using HELOC as emergency fund is fine but you have to be sure you *can* access the HELOC when you really need it. If you lose your job, the bank can refuse to let you borrow against the HELOC. When the economy gets bad, the bank can revoke your HELOC. I wouldn't play games with my safety net.
Have a great weekend!
1 comments:
Thanks a log for the link!
Mike
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