Archive for May, 2009

Stimulus plan in Binghamton, New York

Written by Michael Vass
Recently I read about a part of the $787 billion Stimulus Plan President Obama has spent, that affects my town of Binghamton, New York. The funds that will be coming to the city is just over $850,000. Not a huge sum, but in a small town like Binghamton it’s a lot.
This money [...]

Investing vs. Trading - the Alcoa example – the follow up

Written by Michael Vass
Back on the 14th of April I decided to make an example of the position I own in Alcoa to demonstrate the difference between trading and owning. At the time I stated
“So here is the experiment. Just for the sake of mental masturbation, let’s assume I sell the stock today for $9.25, [...]

Chrysler - the bad bet of President Obama

Written by Michael Vass
You know what’s really sad about the economy? What really angers me about the bailouts? The way that the Obama Administration, Congress, and the Bush Administration have all wasted our money.
Yes even the anointed President Barack Obama is complicit in the waste of money that has been the bailouts and stimulus package. [...]