The stock market is materially breaking down. Now is the time to raise cash and put together your buy list.

A brief analysis of him and his method of investing. Livermore’s big mistake was investing in false bottoms during the Depression, thinking the mini up-rallies would last, but they didn’t. The market fell 90% by 1932, and he eventually filed for bankruptcy. Best to patiently sit on the sidelines during a long recession. There’s an [...]

Companies are working to reduce their debt loads. They are doing it by taking advantage over the stock market rally. (Bloomberg News)

Sep 15, 2008. The venerable Lehman Brothers investment bank said early Monday that it will file for bankruptcy, while Bank of America unveiled plans to buy Merrill Lynch — two pieces of news that profoundly alter the American financial landscape. The fast-paced changes capped a roller-coaster Wall Street weekend and threatened to stir up US [...]