Road Map To A Healthy Stock Market

Written by Charles Payne


Continued from page 1

Accountability

Someone has to pay. America has always had a strange relationship with its would-be criminals. They love Bonnie and Clyde, Machine Gun Kelly and more recently John Gotti. Yet seem to loathe Ivan Bosky, Michael Milken and Gordon Gecko. This really goes back to a Robin Hood mentality that it’s okay forrepparttar underdog to take fromrepparttar 112762 rich but not okay forrepparttar 112763 rich to take fromrepparttar 112764 people. This is a lesson that Martha Stewart is learningrepparttar 112765 hard way (not to say she’s guilty of anything, but if she is…) with her current stock sale imbroglio. Atrepparttar 112766 end ofrepparttar 112767 day it really only becomes an inconvenience for those staying at Club Fed. The key is thatrepparttar 112768 average person onrepparttar 112769 street needs to feel like there is some fairness in this world. Before getting back intorepparttar 112770 stock market those whose lives are marked with rules, regulations and spending time in traffic court to fight a ticket must see an equal distribution of justice.

Economy

The economy has to continue to grow. It is unreasonable to think that a transition from a recession to a would-be expansion could happen without a few bumps inrepparttar 112771 road. Of course with so many things going againstrepparttar 112772 economy that have nothing to do with fundamentals it is hard to figure whenrepparttar 112773 coast will be clear. A company like WorldCom says it may have fibbed torepparttar 112774 tune of $4 billion dollars andrepparttar 112775 confidence in America suffers. That puts additional pressure onrepparttar 112776 dollar, a greater focus onrepparttar 112777 rating agencies to be even more aggressive in their downgrading binge. It causes net outflows in funds. It lowersrepparttar 112778 wealth effect and hampersrepparttar 112779 economy. Yetrepparttar 112780 American economy has an iron will. It will be dinked a few more times, but that is what will makerepparttar 112781 move into expansion that much impressive.

New Thinking

The mindset ofrepparttar 112782 quick payoff has to be eliminated. I don’t think one can be a passive investor anymore. In fact,repparttar 112783 same decisiveness that investors are demanding fromrepparttar 112784 system, ratings agencies, brokerage firms, governing bodies and corporations themselves they should apply to their approach atrepparttar 112785 stock market. In a recent Business Week article it was noted thatrepparttar 112786 turnover in NYSE issue in 1960 was just 12%, last year it was 94%. That means there isn’t always a lot of time to peruse or hesitate. In some ways it is unfortunate that companies aren’t allowed to evolve or reach their goals over a longer period of time. Yet this isrepparttar 112787 world we now live in and investors have to adjust.

Earnings

Much is made aboutrepparttar 112788 market still being over valued based on historic price to earnings ratios. This is because companies have no pricing power and are afraid to forcerepparttar 112789 issue. Moreover there is stillrepparttar 112790 inventory overhang andrepparttar 112791 fact that some industries are too crowed –back torepparttar 112792 modern day baseball theory. Creative destruction and an improving economy arerepparttar 112793 only things that can make this situation improve. There are other ways to measurerepparttar 112794 worth of a company beyondrepparttar 112795 P/E ratio. However, in order to feed intorepparttar 112796 economy earnings have to be a tributary allow for job creation, research and development spending and an improvement inrepparttar 112797 wealth effect. The most compelling aspect of better earnings is that investors have to believe inrepparttar 112798 sincerity ofrepparttar 112799 numbers.

Since 1991, Charles Paynes’ Wall Street Strategies has successfully provided timely and effective equity advice to institutional money managers, retail brokers and individual investors of all types, and has thousands of subscribers from hundreds of brokerage firms. http://www.wstreet.com Wall Street Strategies provides research online, including enhanced services and communication tailored to today’s fast-moving markets.


Selecting a Good Credit or Budget Counselor

Written by Paula Langguth Ryan


Continued from page 1

2. When will my creditors be paid? Some counseling services have a set date each month when they take money out and apply it to your debts. Sometimes, creditors wind up being paid after their due dates. Make sure thatrepparttar counseling service will work with your creditors to changerepparttar 112761 due dates or will set up your payment schedule based on when you get paid. The best services will work around your payday and your bills’ due dates.

3. Can you take money electronically out of my checking account or will I have to send you a certified check or money order each month? You’re much more likely to stick with a repayment plan if making that single payment torepparttar 112762 counseling service is a “no-brainer.” If you’re pressed for time and don’t think you can get to your bank each month to get a certified check, make surerepparttar 112763 counseling service will take money out of your account electronically.

4. How often can I see statements of my accounts? Your counselor should send you at least monthly reports on your progress. The statements should show you how much of your payment is going toward interest, how much towardrepparttar 112764 minimum payment and how much towardrepparttar 112765 counselor for his/her services.

5. Will I always deal withrepparttar 112766 same counselor, or at least get a live person onrepparttar 112767 phone when I call during regular business hours? How long does it take for you to return phone calls? Make sure you’re comfortable withrepparttar 112768 answers you get here, and that you’re comfortable withrepparttar 112769 people you might be dealing with. After your free budget counseling session, call your counselor once or twice with questions you have aboutrepparttar 112770 budget paperwork to make sure that you don’t have a problem getting your questions answered and your phone calls returned.

There’s no obligation or payment due to any good credit counselor until after you’ve determined what your monthly payment would be underrepparttar 112771 plan and you’ve decided to join their program. I encourage you to explore all your options and then pickrepparttar 112772 one that makes you feel most comfortable

Paula Langguth Ryan is the author of “Bounce Back From Bankruptcy” and “Giving Thanks: The Art of Tithing” and a former credit counselor, financial editor and ghostwriter for national finance magazines. Visit her site at http://www.artofabundance.com for a free monthly Art of Abundance e-zine or email paularyan-70559@autocontactor.com for a free e-book of Giving Thanks.


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