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Zecco Review | Discount Broker

Zecco has been around for a while and it’s changed its free trading commission structure a few times.  However, Zecco is still one of the few discount brokers who offer anyone free stock trades.  What’s the catch?  Let’s find out in this review.
Zecco Discount Broker’s Commission Structure
The brokerage firm still offers free stock trades, but [...]

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Market News

Porsche and VW Finally Plays Nice

It was like watching a soap opera but Porsche and VW were duking it out for months as they both try to take over each other. On one hand, Volkswagen clearly had the purchasing power but Porsche on the other hand has clever strategies on its own through leverage.
The German weekly news magazine Der [...]

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Madoff Arrives at Butner Prison

Finally, bastard Madoff is being sent to prison.
As you may recall, Bernard Madoff was sentenced to 150 years in prison and today marks the first day that he will start his sentence in Butner, North Carolina after leaving federal jail in New York City on Monday.
For those that want to look him up, he is [...]

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May Home Sales Still Suck

I wished everyone just listened to my advice and sold. After yesterday’s huge decline, the market seems to be down again after the May home sales number missed expectations.
Even though May home sales rose to a seasonally adjusted rate of 4.77 million, it is modest at best and the picture is still very fragile. [...]

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June 18 – Mortgage Rate Finally Stops Rising

At least temporarily. The 30-year fixed mortgage rate sits at 5.38 percent this week, down from last week’s 5.59 percent, the highest level in seven months.
As we know, government debt is getting harder and harder to service so they’ve been jacking up Treasury yields in order to attract buyers. Of course, this means [...]

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Gas Price Rises for the 50th Day in a Row

If you still think the stock market is going higher, gas prices rising for the 50th day in a row will get you thinking about it a little longer.
Retail gas prices climbed another day today, marking the 50th straight day of rise and the longest streak in record since people started keeping track in 1996.
Usually, [...]

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Homebuilder Sentiment Slips Again in June

So many people are in denial about the recovery of the housing market because they believe the recovery is near. If the homebuilders, the companies that spent hours and hours each day analyzing the market is pessimistic about the market, how can you possibly believe that the bottom is near?
The National Association of Home [...]

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Stock Market Crashes as Dollar Strengthens …

They say it’s the stronger dollar but don’t kid yourself. The stock market has run too far too fast. Today, investors are all of a sudden worried that the stock rise might be overdone. Huh? It has been overdone for about 1-2 months already!
With interest rates rising and the housing market [...]

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American Households Lost Another $1.33 Trillion Last Quarter

Q2 may be better but American households lost a total of well over a trillion dollars of their wealth in Q1 of this year from the housing and stock market crash.
Today, the Fed reported that American networth fell to $50.38 trillion in the first quarter of the year and it’s the lowest level since Q3 [...]

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Mortgage Rates Jump to Seven Month Highs to Keep Home Buyers Away

If you didn’t believe me when I said that the mortgage rates have nowhere to go but up, you might now. Rates for the 30-year mortgages rose to the highest levels in seven months.
The rate for a 30-year fixed mortgage is 5.59%, which is a huge jump from the sub 5% level we saw [...]

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Number Foreclosures from Good Credit Borrowers Passes Subprime

Borrowers with good credit now make up the majority of the foreclosures.  This is potentially very bad news for the higher end market and a problem we talked about before.
At first, it was subprime in late 2006, which forced a bunch of lenders to go out of business by 2007 and sparked the credit crisis [...]

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