The latest developments by the Fed could be a watershed event. And not just for the U.S. When the world’s largest fiat currency joins the race for competitive devaluation, other nations will also be encouraged to print more money at a breakneck pace. Where do you turn? My friends Gold is a real asset that the governments cannot manipulate (for very...

WASHINGTON (MarketWatch) — Responding to the anger about bonuses paid to AIG traders, the House approved a bill Thursday that would impose a punitive 90% tax on bonuses paid by American International Group Inc. (AIG) Fox news just interviewed a judge who stated that our constitution protects American citizens from the congress writing laws to...

As some of you may have heard “Minyanville” lost a great man. We here at The Market Guardian have Minyanville listed under our bookmarks and follow them daily. I would like to express our deepest sympathy to Bennet Sedacca’s family and friends. Courtesy of Todd Harrison at Minyanville The Sedacca family is deeply moved by the outpouring...

I keep hearing BUY American. Well, I agree with buy American. However, If you are going to buy from a company who is not anywhere near competitive, how long is your item going to have value? It is the American way to be the best, what we have seen from the BIG 3 is anything but the best! So now we are supposed to buy their product because if not “we...

The more I try to get a grasp on what is happening in these markets the more I get confused. The Fed printing trillions of dollars can not be good news. This is about propping up the banks. It dose not address the core issue and it could also be viewed as the beginning of a full-scale Federal Reserve-sponsored bailout. This trend of using the printing...

WASHINGTON (MarketWatch) – The number of people collecting state unemployment benefits jumped by 185,000 to a record seasonally adjusted 5.47 million in the week ending March 7, while new claims dipped by 12,000 to 646,000 in the week ending March 14, the Labor Department reported Thursday. The four-week average of new claims rose by 3,750 to...

Futures are setting up for another positive open. the last 7 sessions for the S&P are up a total of 17%. We need to be careful here as we are nearing an overbought condition. 18% is the historical move for the S&P in a bear market rally. 810 is key, If we blow through it and the shorts panic we could have a real blast off! Keep an eye on...

Today’s action by the Fed is showing that they will defeat deflation at any cost. The market response was incredible. Gold shot up like a rocket and the USD took a swan dive off the cliff. Investors in my opinion are wise to accumulate gold on weakness over the next year to hedge their portfolios against inflation and widespread currency debasement....

BREAKING: Software giant Oracle Corp (ORCL) Said today that it would declare their first ever dividend. Their quarterly earnings fell slightly to $1.33 billion about 1 billion less than the previous quarter 1 year ago. Oracle Reports Q3 GAAP EPS Up 3% to 26 Cents, Non-GAAP EPS Up 16% to 35 Cents Oracle said its 5-cents-a-share dividend will be paid...

If you thought that inflation was bad during the Carter admin, just wait! When you print more and more money, the value of the existing money in circulation goes down, thereby devaluing assets denominated in that currency. In this current situation, the move has the potential to further upset some of our largest creditors because we are devaluing their...

WASHINGTON (MarketWatch) — The Federal Reserve surprised financial markets and committed to buy $300 billion in longer-term Treasuries to help the economy recover. The Fed was more pessimistic about the outlook, in a statement released after its two-day meeting. Officials removed language saying they expected the economy to recover later this...

BREAKING: Fannie Mae (FNM) is due to pay retention bonuses in the area of $470,000 to $611,000 this year to some executives despite HUGE losses at the government-backed mortgage company. Fannie’s main rival, Freddie Mac (FRE), is also planning to pay such bonuses but hasn’t yet provided details. A recent Fannie securities filing says that...

Shares of Sun Microsystems (JAVA) are flying this morning up more than 60% on a report that the company is in merger talks with IBM Corp.(IBM) which may pay as much as $6.5 billion to acquire the struggling high-tech giant. When it comes to (Java) and open source, the merger is good news. (IBM) has been the biggest supporter of (Java), almost bigger...

At 9:55 a.m. Oil prices were down $1.60, or 3.3%, to $47.56 a barrel. Oil traded down $1.07 just prior to the report’s release. In its weekly inventory report, the Energy Information Administration said stockpiles of gasoline increased by 3.2 million barrels in the week ended March 13. Gasoline: The national average price for a gallon of regular...

This wasn’t to hard to see coming folks. I talked about it yesterday that we were getting very close to some heavy resistance. The Dow is down 125 to 7269, the S&P is is down 11 to 766 and the Nasdaq is down 11.75 to 1450. Most commentators expect that the Fed won’t announce such steps Wednesday as long-term interest rates remain low,...