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Archive for April, 2010

April 20th, 2010

The Markets

(Michael Schwartz) - Lloyd Blankfein, the chief executive of Goldman Sachs, described himself as "doing God's work," in a profile last year in London's Sunday Times. Last Friday, the SEC charged Blankfein's firm with defrauding investors in connection with securities linked to subprime mortgages. Investor reaction was swift as Goldman's stock dropped more than 12% on the day and the Dow Jones Industrial Average lost 125 points, according to Associated Press.

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April 16th, 2010

What is a SARSEP?

(Money Manager) - A SARSEP was an employer-sponsored retirement plan limited to state and local governments. Private businesses could not establish SARSEP, and SARSEPs can no longer be established. 1997 was the final year SARSEPs were able to be established.

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April 12th, 2010

The Markets

(Michael Schwartz) - The U.S. stock market continued grinding its way higher last week as the Dow Jones Industrial Average briefly pierced the 11,000 level for the first time since September 2008, according to The Wall Street Journal. Back then, the Dow was piercing 11,000 on its way down to below 7,000 in March 2009.

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April 7th, 2010


(Michael Schwartz) - The stock market followed 2009's powerful rally with a strong performance in the first quarter. The S&P 500 rose 4.9%, excluding dividends, which was its best first-quarter percentage gain since the heady days of 1998, according to MarketWatch. Strong corporate earnings, solid corporate balance sheets, and upbeat manufacturing data helped support the stock market's bullish results, according to The Wall Street Journal.

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