CHESSNOID

Random Noid Musings

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US regulator to sue major banks over mortgages

This is an example of how inefficient our government is.  We bailed out for-profit private banks with public taxpayer funds (aka Moral Hazard).  These banks should have been allowed to fail since they were insolvent.  That is why we have the FDIC.  Instead we heard a load of crap that they were “too big to [...]

I Voted for Obama, Now I’m Voting for Ron Paul

The article “I Voted for Obama, Now I’m Voting for Ron Paul” is in the Huffington Post by Anthony Anderson. I think many young people were suckered into voting for a politician who broke all his promises. And I do mean suckered with lines like change we can believe in (chessnoid slaps his [...]

Stock Chart technicals August 2011

I am not an analyst but does that really matter nowadays, since all the experts have been wrong the past 4 years on the economy. Right now, the little guys like you and me are trying to figure out which way the stock market is headed. I just blogged about the stock market [...]

Stock markets four weekly losing streak

Incredibly enough, the US stock markets have fallen 4 weeks in a row. The economy is no different than the last 3 years, but investors are starting to realize the reality we live in. Dow’s down 11%, S&P 13%, Nasdaq 15% for August which are big numbers for just one month.
NEW YORK [...]