I suppose index funds are fine if you can time buys/sells with the booms and busts. These days I sure don't feel like holding them. It's sad but the best bet is just picking the hot algo stocks.
267 karma · joined October 30, 2010
Here is an article about about wall street programmers leaving the big boys to go at it alone.
http://www.forbes.com/2010/07/28/high-frequency-trading-pers...
In an environment in which a private entity (federal reserve) is printing money willy-nilly it makes you pretty cynical.
Affordable housing does not mean a 0% down FHA loan on an overpriced home costing the person 2/3 monthly income with some jacked ARM.
Affordable housing is to quit jacking with MBS and let housing fall to its proper market prices at which point it becomes affordable and buyers come in.
People need to understand that renting is just fine and home ownership is NOT for everyone.
It's fairly obvious that gov action in regards to home ownership has impoverished many people this past decade while making a killing for the banking elite. This trend continues to this day.
To end poverty you must fix the education system. Perhaps vouchers would encourage competition and force schools to compete for students by improving the quality of education. Perhaps someone would have to balls to end the process by which bad teachers are transferred from school to school because the union and public admin refuse to do something about it.
To end poverty you must cut the costs of education. There is no reason a 4 year college should cost what it does today. Look at what some administrators and professors make compared to what they do. Look at the quality of what you can learn on the internet for free. These need to come in line. State universities don't need water parks.
To end poverty we must educate on safe-sex.
To end poverty we must encourage healthful eating choices. We must get partially hydrogenated oils and all the other crap out of are food.
To end poverty people in the US must realize that left/right blue/red republican/democrat foxnews/msnbc is a false paradigm. People must not be divided by these things. People must see past all of this noise and see who is working against the best interest of people in favor of the people who hold the most money. People must see that all policies we have are in fact creating more poverty. To end poverty, we must fix the source of the problem - the united states congress and the federal reserve.
Additionally, there is something going on beyond a flawed model. From zerohedge.com => http://bit.ly/b5AJsz
"Readers may be surprised to discover that beginning in April, of 2010, continuing through today, there have been 22 out of 23 consecutive upward prior weekly revisions! In other words, the BLS has a definitive mandate to underrepresent the "current" weekly data and to allow it to catch up with reality once it has become "prior", and thus no longer market moving, when in reality should the BLS present true data it would have likely missed estimates on more than half the occasions it has "beaten" and caused ridiculous market spikes like the one experienced earlier. Furthermore, combining all individual weekly data, demonstrates that the BLS has underrepresented initial claims by roughly 80,000 year to date."
Check out the post for a nice chart.