Monthly Archives: August 2011

A Time For Patience

Coping with the market during a rough week for stocks. As expected, a plunge. World stock markets swooned on August 8 in reaction to Standard & Poor’s downgrade of U.S. long-term debt. On Wall Street, the DJIA fell 634.76, the S&P 500 79.92 and the NASDAQ 174.42. It was the toughest day on Wall Street…
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After The Downgrade….

Unimpressed with U.S. deficit reduction plans, S&P delivers on its warning. Unprecedented and unsettling. Standard & Poor’s issued a historic downgrade of U.S. debt on August 5, sensibly waiting until the market week had concluded to send a shock wave toward global investors. It reduced America’s long-term debt rating – which had been AAA since…
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A Mid Year Correction

Even some market bulls had been expecting it – and here it is. August 4: the Dow’s toughest day since December 2008. On his 50th birthday, President Obama watched Wall Street cast a no-confidence vote in the economy he had been assigned to turn around. The Dow Jones Industrial Average sank 512.76 and experienced a…
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The Best And The Worst

Rounding up the rankings of places to be (and not to be) financially. Do you live in one of the worst tax states for retirees? Are you fortunate enough to live in one of the best states to do business? Here is a roundup of the miscellaneous, fascinating rankings offered by leading magazines and websites.…
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