IF YOU ARE GOING TO FIGHT TO SAVE THE AMERICAN MIDDLE CLASS, YOUR FIRST OBLIGATION IS TO SAVE YOURSELF. WE NEED NUMBERS ON OUR SIDE TO BALANCE THE MONEY ON THE OTHER SIDE. START BY MAKING YOUR 401A WORK FOR YOU. YOU FIGHT BEST FROM A FIRM FOOTING ON A SOLID FOUNDATION. HERE'S WHAT I'M DOING...
Saturday, April 30, 2011, 01:33 PM
I am opposed to millionaires, but it would be dangerous to offer me the position.
-- Mark Twain
I went deeper into stocks on Friday afternoon April 29th...
�The Fed is still your friend if you are invested in cyclical stocks , commodities, and foreign currencies. If you eat food and run your car on gasoline, the Fed will continue to hurt you. If you are looking for a job, you may be wondering why it is still so hard to find one despite all the money the Fed has spent so far on QE2.0. If you are retired and living on interest from your CDs, then you are getting really squeezed between rising food and fuel prices and the Fed�s zero interest rate policy. In other words, the Fed seems to be doing everything to widen the gap between the Haves and Have Nots than to lower unemployment and boost economic growth, which remains �moderate� according to yesterday�s FOMC statement.�
-- Ed Yardini
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