Sovestor's blog

Many fund managers are typically smart, educated, shrewd, but some do not seem to have common-sense, integrity, and are very reluctant to acknowledge their proven mistakes year-after-year.

FDIC is now almost bankrupt (insolvent) according to Sheila Blair, the head of FDIC:.....

Hope is a grand word. Great promise and great hope combined together to influence American people are even more lethal. Here is the recent President Barrack Obama's state of the nation on Tue, Feb 24, 2009 (warning: you will hear the words 'hope' and 'promise'...guaranteed. Positive results are not guaranteed):

Our view:....read more.

Source: Yahoo Finance - TechTicker

Our view:....read more.

Source: Yahoo Finance Tech Ticker

Our view. read more...

CNBC Interview with Nouriel Roubini and Nassim Nicholas Taleb on CNBC Power Lunch on 2/9/09 - Economic Problems Are Likely To Deepen In 2009:

PBS Extended Interview on January 22, 2009: Warren Buffett One on One. Susie Gharib of PBS Nightly Business Report asks legendary investor Warren Buffett about the past, present, and future of Wall Street.

US Economy is struggling: Home prices in 20 U.S. cities declined 18.2 percent in November from a year earlier, the fastest drop on record, as foreclosures climbed and sales sank. This is the biggest drop since records began in 2001, according to figures from S&P/Case- Shiller that cover 20 metropolitan areas. U.S. foreclosure filings jumped 81 percent last year as more than 2.3 million properties got a default or auction notice, or were seized by lenders, according to RealtyTrac Inc. Hence, it is not surprising that the consumer confidence in the U.S. also fell to record low. The Conference Board’s index of consumer confidence fell to 37.7, from a revised 38.6 in December, the New York-based private research group said today. The U.S. recession, which began in December 2007, has so far cost 2.6 million jobs and is already the longest in a quarter century. Read more for detail.

Here are several internet resources to watch LIVE the The Inauguration of President Barrack Obama:

CNBC | CBS | Bloomberg | BBC

Obama speech during inaugural celebration concert at the Lincoln Memorial:

To watch more videos, read more.