Now is the best time to get back into the stock market, well a few months back where. But stocks are still low, so getting back in is right. I’m not going to give any financial advise, or what stocks to buy, but I will say do your own research. Don’t just depend on what the financial brokers are saying. Better yet, if your using a broker fire him or her. Did you know that most of the rich people are doing just that. Most of the wealthy are taking on their own investments, or looking for new ways. There’s even a book out called Fire Your Broker that talks about how to find a competent, ethical advisor. So if your looking for a new adviser or broker do your own research. Don’t end up with a crook like Bernie Madof.

It seems that Ford Motor Co. will try to make it on it’s own. The advantage Ford has over General Motors Corp. and Chrysler LLC is that they have been fixing their problems since 2005. They saw the need to make changes back then, and now it’s paying off for them. I remember back in 2005 when Ford starting to cut jobs and close factories. A lot people thought the company was going to fall apart or be sold off. But that never happened, they we’re doing what any small business owner would have done, try to fix themselves. If Ford pulls through this recession on their own, without taking any bailout money they will once again be the leaders in the auto industry. The American people will look at Ford a lot differently if they can do it on their own, I sure will. We really won’t know if they can make it on their own as of yet. They say they can, but we’ll have to wait and see.

There seems to be a new party looking to take over Yahoo. And it just so happens to be a single person making it a reality. And that person is Jonathan Miller, AOL’s former chief executive. Now this is still a rumor, but you all know how rumor’s like this become true. And the price he’s looking to pay is between $20 to $22 per share, Which comes out to $28 billion to $30 billion. This price is much lower than the bid from Microsoft, which was $47.50 billion just a few months ago. This just shows how bad the economy is, because Yahoo is truly worth more than what Microsoft offered. The only way I think Miller could make this deal happen is if he did a hostile takeover. I really don’t think Yahoo would agree to a $30 billion deal. Anyway, this news of the bid for Yahoo has made Yahoo stock go up 8 percent, and could very well go up more tomorrow.

Things are only getting worst with GM. They’re telling their employees that more production jobs are going to need to be cut. GM is also cutting their salaried staff people as well. This is all in hopes of saving cash to get them through this year. But what will happen starting next year is my question? Are they just stalling their bankruptcy proceedings, or are they wanting to Obama comes into office? If they could stay alive until Obama comes into office they might have a chance. That’s because Bush doesn’t want to give out anymore money, but Obama wants to help the automakers. I think President Bush knows that it would be a waist of taxpayer money to help the automakers. So I guess this could be Obama’s first big mistake if he gives the automakers the money they’re seeking.

With the U.S. and World financial markets spinning down out of control, Federal Reserve Chairman Ben Bernanke is thinking of cutting the interest rate again. But he won’t be alone with this cut; other world markets will be doing the same. We will have to wait for this next rate cut though. The Fed will meet again Dec. 16, which will be their last regular meeting this year. With the U.S. economy in its worst shape ever we might need this rate cut sooner. But then again will this rate cut even be enough to help our economy, I really don’t know. I guess we’ll have to wait and see what happens next. Hopefully Bernanke will be able to pull a fresh start out of his hat.

The number two nation’s biggest electronics retailer filed for bankruptcy protection today. They do have plans to stay open for business though. And with one of the worst holiday shopping season’s coming up who knows how they will do. I was reading that the main reason for filing Chapter 11 was to get supplies moving again. It seems that vendors have been holding back inventory, which now they have to release. Apparently Circuit City owes Hewlett-Packard $118.8 million, Samsung $115.9 million, Sony $60 million, Zenith $41.2 million, Toshiba $17.9 million and many others. I got those numbers off a report done up on Yahoo.com. This bankruptcy only means one thing; more jobs will be lost. And on top of the cutting job’s Circuit City will be closing more stores. I knew this was going to happen when there stock price was trading below $1 for awhile now. Hopefully this won’t be too painful for a lot of communities these locations are around.

The Fed slashed the interested rate used to lending to banks to 1 percent on Wednesday. Just this month alone the interest rate has been cut by a full 1 percent. The interest rate hasn’t been this low in five years. The interest has never been as lower since 1958. So we’re pretty close to seeing history if there’s another interest rate drop. The man in charge is Federal Reserve Chairman Ben Bernanke. I was reading that he and his colleagues stated that they would “monitor economic and financial developments carefully and will act as needed to promote sustainable economic growth and price stability.” And I believe he will do as he stated. This cut is showing that the markets at close to the bottom and are ready to come up. Look what happen when the rate was reduced, the Dow dropped? But now it’s on its way back up, and could stay up for the next few days. Who knows, the bottom could have been reached and now it’s on the rise. I sure hope so, I done with it being down.

It seems that the credit market has finally thawed somewhat. Today on Wall Street the Dow industrial average rose by more than 413 points. The rise of Wall Street was mostly because of the rest of the world markets showing decent increases in their market value. And also of speculation that Federal Reserve Chairman Ben Bernanke will cut interest rates again. And also let’s not forget the bargain shoppers, there were some pretty good deals today. Anyway this is just a spark; we still need a pretty big fire to get this economy moving again. Hopefully tomorrow will show similar results by week’s end. I would really like to see the Dow back above 10,000 points.

The Dow Jones industrial average opened today down 250 points. And the main reason for this was that the government said new home construction dropped, which was more than anyone had expected. They also said that this is the lowest since early 1991. No kidding, no one is able to get a loan to buy a home. And on top of that, if you’re a homeowner your home is own in value. Did they really expect any good news coming out of the housing market? And on top of everything else going wrong who really has any money left to buy a home with. With Wall Street losing about $2.4 trillion in shareholder wealth. The wild rollercoaster ride the Dow Jones industrial average has given us is unbelievable. I’m hoping for a good day on Wall Street today. I will take any dollar amount in the green. At this point for Wall Street, a plus day is a good day.

It looks as the U.S. Government is getting ready to buy into a few banks. They will be starting with $250 billion of the $700 billion. They funds will be to purchase the banks stock, not loans. This means when the banks stock goes up, we Americans will make money. I vote sell once we make 25 percent, can I do that. And when will I get my check? Wait, it’s the U.S. Government, I’ll never see a check. They will down the road just ask for more money when these companies’s get in trouble again. Or save it when it comes time to bail out the auto industry, because they’re next. Anyway, I think this is the best chance at us making our money back. Another thing to remember here, if these banks fail, we loose, or will we. It’s the U.S. Government; they’ll just print more money until it becomes useless, like their doing for this bailout. Let’s hope for the best, and let’s hope for another big day on Wall Street.