Day of Reckoning Approaching for Market

A day of reckoning is approaching for the US stock market. The market’s math simply does not add up. The math not adding up was why I recommended to all the readers of my September 2007, Equities Magazine column to get out of the five largest brokers...

Have Wall Street’s brokers been Pigging Out?

I have been following the recent liquidity crisis, which has been caused by the problems with subprime mortgages. Given that Wall Street’s five big brokers, Merrill Lynch, Goldman Sachs, Lehman Brothers Holdings, Morgan Stanley and Bear Stearns, and many of the world’s bankers have exposure to mortgages and mortgage backed securities, I decided to do some research on this problem and how it could affect the stock market …