Sunday, September 27, 2009

Cash for Clunker-->Mass Production-->Possible Lemons? Not Supermarket Lemons you Idiot

Government tired to implement strategy of trading in old non-gas effiicent cars for new hybirds and economically benefical automobiles. The hype spread amongest the various communities and everyone darted over to the nearest supporting dealership with there gas guzzlers and traded it in for new cars! great deal right? of course!(?) You got a check cut for $4500 what else can you ask for!

This system was flooded by consumers to the point where the dealers were complaining they are selling SO many cars and it's great but were not getting the clunker checks from the government! After many tears from the dealers the government finally cut the checks and delivered payments.

Consumer awareness has to be hightened when the government issues these types of economically stimulating packages. As we know, the automobile industry has taken a huge hit with the recession fully fledged. Industry leaders are pulling strings and manufacturing as much "quality" made products at a cheap selling cost. Normal? No? The overhead will increase cause the productivity levels of the production process generate a less then average product. In this case being an automobile. People use an automobile on a daily basis and financing isn't the easiest of tasks. So you say to the automobile manufacturers, quality products or a bunch of lemons?

I say a bunch of lemons. Customer satification isn't looked after when the industry becomes desparate. They produce in quantity over quality. Be informed about LEMON LAWS and have a LEMON ATTORNEY READY!

Lemon laws are American state laws that provide a remedy for purchasers of cars that repeatedly fail to meet standards of quality and performance. These cars are called lemons. The federal lemon law (the Magnuson-Moss Warranty Act) protects citizens of all states. State lemon laws vary by state and may not necessarily cover used or leased cars. The rights afforded to consumers by lemon laws may exceed the warranties expressed in purchase contracts. Lemon law is the common nickname for these laws, but each state has different names for the laws and acts.



If you run into a LEMON, hire a LEMON LAW ATTORNEY!

Don't get caught up in the Government's efforts in scheming you out of your hard earned dollar!

Wednesday, September 23, 2009

Stocks Caught in Post-Fed Reversal

A broad and rapid late afternoon selloff pulled stocks lower Wednesday despite a brief run-up on the Federal Reserve's decision to leave interest rates steady.

The Dow Jones Industrial Average, which had pulled within 100 points of the 10000 mark in afternoon trading after the Fed announcement, declined 81.32 points, or 0.8%, to 9748.55. J.P. Morgan Chase fell 3% while Caterpillar, Cisco Systems and Pfizer each declined more than 2%, and just four of the average's 30 components managed to end with gains.

Blue chips saw a sharp intraday swing. The Dow touched an intraday high of 9917.99, up 88.12 points, or 0.90%, before hitting an intraday nadir of 9740.84, down 89.03 points, or 0.91%. By the close, the average had suffered its biggest point and percentage drop since Sept. 1. It has fallen in two of the last three trading sessions.

The whipsaw trading caused a jump in the Chicago Board Options Exchange Volatility Index, a gauge of expected swings in the market. After hitting a 52-week low in trading before the Fed statement, the VIX closed up 1.8% at 23.49.

In what traders called an optimistic Fed statement, the Federal Open Market Committee said at the conclusion of its two-day policy meeting that "economic activity has picked up following its severe downturn." The central bank's rate-setting panel voted 10-0 to keep the target for it federal-funds rate for interbank lending at a record-low range of zero to 0.25%.

The comments were in line with Fed Chairman Ben Bernanke's comments this month that the recession is very likely over.

The central bank also unveiled a strategy for reining in one of its extraordinary measures to aid the mortgage market by saying it would extend its $1.25 trillion of purchases of mortgage-backed securities into next year.

The Fed news initially cheered the markets, but investors soon began to unload energy and materials stocks amid a rout in commodities prices. The selling then quickly spread into other sectors.

The S&P 500-stock index declined 10.79 points, or 1%, to 1060.87. Its energy and financial sectors shed more than 2%. The Nasdaq Composite Index sank 14.88 points, or 0.7%, to 2131.42.

Oil markets sold off after the Energy Information Administration reported a 2.8-million-barrel rise in crude-oil inventories for the week ended Sept. 18. Demand was off 3.3%, or 628,000 barrels a day, to 18.5 million barrels a day last week, the lowest level since June 26. Crude futures dropped $2.79 to end at $68.97 a barrel, the lowest level since Sept. 14.

Moody's shares dropped 8.4% after The Wall Street Journal reported that a recently departed Moody's analyst, Eric Kolchinsky, says inflated ratings are still being issued by the company. Moody's shares have plunged this month.

General Mills rose 4.6% after the cereal maker reported a 51% profit rise and raised its fiscal 2010 earnings forecast.

Treasury prices were mixed. The two-year note was down by 1/32 to yield 0.964%. The 10-year note rose 10/32 to yield 3.407%. The dollar was stronger.



Monday, September 21, 2009


Entrepreneurship is the practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities. Entrepreneurship is often a difficult undertaking, as a vast majority of new businesses fail. Entrepreneurial activities are substantially different depending on the type of organization that is being started. Entrepreneurship ranges in scale from solo projects (even involving the entrepreneur only part-time) to major undertakings creating many job opportunities. Many "high value" entrepreneurial ventures seek venture capital or angel funding in order to raise capital to build the business.

As a graduate with a bachelors in Accounting. Opening my own business has been one of my goals to accomplish. I always wanted to start my own company while I was still in college, so as I learned new material in my business related courses, I'd be able to turn it into some real life application. The idea that a profitable business runs around 4 major sectors of a company is amazing. Accounting, Finance, Management, and Marketing. These will be a decesive factor if a company stays in the red or grows beyond the green. Always said to myself, but I have no money or what makes my idea better than the thousands of other people out there that have similar ideas and might of already started thier business. If I always kept this way of thinking I'd find myself 50 without a business. I came to the realization that you have to start somewhere. Throughout my senior year, I sat down and came up with several business ideas and layouts. Hopefully with the guidance of my professors, ideas of my friends, and knowledge from my undergrad I'd be able to operate in the green!

Haven't given you "MY IDEA" but patience is a virtue, so keep checking to see updates!

“With out passion you dont have energy, with out energy you have nothing.” - Donald Trump

College Textbooks = Overdraft on a $1.35 Purchase

7 classes, 7 syllabus', 7 annoying professors = $550+

My Debit Card got destroyed big time these past couple of days. I love how you go to the Campus Bookstore and all the used versions are surprisingly "sold out". I flip from one syllabus to the another and see that the professor's requested the newly updated edition of the book, yes, the $230 edition. When is it used in class? ANSWER: Once a week. I hate you! lol I just recently started buying my books from,, and You save A LOT of money this way. Not keeping track of how much my textbooks dented my account, I go to Dunkin Donuts and order a small coffee light 2sugars, proceed to give Ahmed my lovely debit card, he swipes, looks at me, swipes again, looks at me and says sorry insufficient funds. WHAT! It's a $1.35 lol sick problem!

Tax write off here I come!

Sunday, September 20, 2009

So Long BMW

So my neighbor was selling a pristine 96 BMW 328is black on black 5 spd 123k for $1000. Book Value on it was $4250, I was flipping out. I was like there must be something wrong with this car. I spoke to Nick the owner and he's like this dam thing doesn't want to start. He wasn't that type of person to look into finding out the problem. So I said Nick, I'll check it out and most probably buy it! He goes ok kid. I get it checked out by Bless Sounds and find out it's the starter which only cost $300 to repair! I was like dam I could ideally fix this car and flip it for a $3000 profit! With school starting and not enough time to close a deal, I came home from school one day to see it gone!!! NICK SOLD IT!!! FREAKING CWPOST!!! TAKES ALL MY MONEY and when I try to make a $1 ($3000) my time consuming schedule kills those chances!