NASA Spacecraft To Study Boundaries Of Solar System

NASA is in the news.

The U.S. space agency launches today a space probe that will keep an eye on the violence and turbulence at the very edge of the solar system.

NASA’s Interstellar Boundary Explorer (IBEX) is due to begin its mission at Kwajalein Atoll, the largest coral atoll on the planet, where it will be launched aboard a Pegasus rocket that will be dropped from a jet.
http://www.efluxmedia.com/news_NASA_Spacecraft_To_Study_Boundaries_Of_Solar_System_26943.html

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Our Nation in debt

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Whew…what a week for Global Markets!

As most of you know this past week was the worst week ever for most global indices.

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Stocks looking attractive as DOW targets for 2002 lows

More on this story soon.

But I think S&P is finally close to 15xp/e. I am not saying you should get out and buy stocks today. But it is definetely looking attractive compared to a month ago. I think as the DOW approaches to 2002 lows of 7500, we can look into nibbling some long term investment plays.

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Dow 1 year anniversary

14,000 to 9,000 in just one year

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Global Banks on the offense with rate cuts

10/08/2008

U.S Fed leads global coordinated rate cut, eases by half point to 1.5%

Bank of England cuts from 5% to 4.5%
ECB cut by a half-point to 3.75%

China cut by 27 basis points

http://biz.yahoo.com/rb/081008/business_us_interestrates.html

10/07/2008

Hong Kong cut base lending rate by 1% point

http://www.marketwatch.com/news/story/hong-kong-cut-base-lending/story.aspx?guid={80A852B4-53BC-4CC9-8567-28D3944B54A1}&tool=1&dist=bigcharts&

10/06/2008

Japan holds rates steady, notes mounting Global crisis

http://www.marketwatch.com/news/story/bank-japan-holds-rates-steady/story.aspx?guid={8FA8F60B-1458-4B51-9DC6-717D244F4E8F}

Australia rate cut stuns, markets thirst for more

http://news.yahoo.com/s/nm/20081007/bs_nm/us_financial_centralbanks

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Another Meltdown day at Wall Street, Short term bottom?

Three reasons this could be a trade-able bottom.

1) VIX spiking above 50 

http://www.marketwatch.com/news/story/vixs-new-all-time-high-not/story.aspx?guid={496AE78A-A548-4380-AFF1-71D34C5269BF}

2) Dow down 800 points at one point during the day

(c) Marketwatch.com

3) Idiot Cramer calling everyone to get out of the market. He’s a good contrarian indicator imo.

http://www.msnbc.msn.com/id/27045699/

Filed under: Economy, Financial Markets, Finance, Financial Bailouts | | 1 Comment »

Credit Crisis move to Europe in full force

You thought we are the only one to be affected by this crisis. Thing again!

Germany became the latest, and by far the biggest, European country to explicitly guarantee the deposits in banks held by their citizens, in a move announced Sunday. The German government moved Sunday night to save Hypo Real Estate with a 50 billion euro ($68 billion) rescue package one day after the troubled property lender said an earlier rescue plan had fallen apart, according to media reports.

http://www.marketwatch.com/news/story/german-officials-move-save-hypo/story.aspx?guid={99F9DBD1-3CCB-4FD9-A31D-248BFE852C56}

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NYTimes: As economy worsens, electoral map shifted in Obama’s favor

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