MangoZeen

Friday’s stock market ride resumes the roller coaster ride of the past weeks, as the Dow Jones dangerously nears the 8000 level. Old man Greenspan’s admission that he might have been wrong about predatory de-regulation and sell-offs by the foreign markets have triggered a widespread panic within the financial universe. No one can figured out […]

The Dow Jones approached my earlier prediction of 7500 on Friday. Today true believers in capitalism threw away their panic buttons and threw cash at the Stock market, pushing the DJ up over 9200. Many analysts attributed the optimism to the emergency meeting of the G-8, however my cousin Robbo, an investment banker, is offered […]

Last weekend our friend from Iceland came into the city for a show. His art work represented his belief that everything is being destroyed soon after its moment of creation.
“Or even before that.” Gutjon wasn’t sure when the cycle of chaos began or ended, however his native Iceland has won the undesirable title of first […]

On Sept. 26, 2008 I predicted the Dow Jones would freefall to 9500. The market resisted the inescapable tug of gravity for two weeks, then opened this Monday with the grim desperation of a 1929 banker standing on the window sill.
“Sell, sell, sell.”
The Dow Jones dropped over 700 points today to sink below 10,000 to […]

Retirement plans compared…
If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.
With Countrywide Financial, you would have $16.50 left of the original $1000.
With WorldCom, you would have less than $5.00 left.
If you had purchased $1000.00 of Delta Air Lines stock you would have $49.00 left.
If you had purchased […]