Marion Jones Is Out!

Do you all remember Marion Jones, our top U.S. sprinter in the 2000 Olympics in Sydney? I sure do, she was the fastest woman in the world. Do you all remember when she went to jail for lying about her steroid use? Well she just finished her six-month sentence in a federal prison. She was sent home today, but not out of the woods. She still will be placed on probation. And here’s what you get when you cheat. She had to give back the three gold medals and two bronze medals she won at the 2000 Olympics in Sydney. And her name was wiped away from the record books, as it never happened. I guess the lesson here is don’t bother cheating, it will come out sooner or later. And in the end, you will lose everything, as she did.

Tags: Marion Jones

Stocks Slide!

Wall Street is catching right up with the rest of the world’s stock markets. In other parts of the world stock markets are way down. In China there stock market is down 56% for the year. If we stay on the course we’re on we’ll be in the same boat. This is almost unbelievable what is going on. Our markets show a little sign of relief, and then out of nowhere it drops like a bad habit. The drop in the market is do to unemployment going up and poor reports from retailers. It seems that people are holding back their spending for back to school supplies. Based on these reports the Dow took a huge drop right out of the starting gates. Investors are pulling back until signs of the economy turn, which could be awhile. Things need to get better very soon or we’re all going to be in trouble.

Tags: Economy, Investing, Stocks

Wall Street Down!

Across the board today on Wall Street is down. Most investors including myself are still really worried about the economy. It does seem that things are starting to look a little better, but no where’s near what it once was. Now I know looking back isn’t always a good idea, but in this economy I feel like I need to. Looking back can make things hard for moving forward. And holding on to stock hoping it will go back to where it once was is not always good idea. But the only real reason why your stock may be down is because of fear. Fear has driven down the market, it really has. We once thought it was the rising cost of commodities, but as you can see there coming down. And the stock market is following, that makes no real since. Or does it, could it be fear still holding the markets down, I think so. The only way out of this is for investors to start buying again. We need to buy as much as we can to pull through this. And why not buy, everything is just about at it 52 week low. There are so many deals out there, but again, fear. Until we over come our fear nothing will change.

Tags: Investing, Stocks, Wall Street

Hurricane Gustav!

Hurricane Gustav hit Louisiana today with winds around 110 mph. And it appears that the city New Orleans would make it through with no real damage. Just three years ago around this same time period Katrina destroyed the city. With a lot of hard work the Army Corps of Engineers said the levees should hold. You might not know this, but the levees are only partially rebuilt after Katrina destroyed them. It looks like Hurricane Gustav will blow over with very little damage, if those levees hold, which they should. And with 2 million people who left the city, this time will have a home to come back to. I does look like this storm will blow over and everything will end up just find.

Tags: Hurricane Gustav