Money and Banking Archives

Market Analysis For July 16, 2009

Friday, July 17th, 2009 at 6:41 am  
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By John Pisanchik

The market continued it’s rally to close at 940.74 in the S&P Cash Index. There is overhanging resistance at the 955 level. With the strength that the market has been demonstrating, it is very possible to see that level today. Once we get to there, the market will let us know if it will be a double top and start to pull back, or start a new leg upwards. Happy Trading.

There is a financial catastrophe looming in our country, and its not what you think.

Wednesday, April 15th, 2009 at 7:25 pm  
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By John Pisanchik

There is a financial catastrophe looming in our country, and its not what you think.

It is not the collapsed real estate market! It is not employment! It is not the evaporation of Wall Street Firms! It’s not the impact of our banks or insurance companies! It’s not the toxic assets! All these are symptomatic of the real problem – Financial Literacy. The younger people of our country are getting into debt at an fantastic rate. Bankruptcies are becoming more the norm. There is such a small percentage of students learning about finance, money and management, that the fix to our economy is not near at hand. If you truly want to fix the economy, our young people must be educated on the ways of money, finance and capitalism.