Like many of you reading this, I made a lot of money during the Clinton presidency. Love him or hate him, Bill Clinton and his economic team knew how to stimulate the economy, and they knew how to make the stock market go higher, year after year. Under Clinton’s Presidency we saw the best bull market in US history,

Quick but important point. Everyone…especially those on CNBC and the so-called expert economists (an oxymoron if I’ve ever heard one)…are saying that we cannot have another Depression because “this time” we saved the banking system, which will prevent another Depression from taking place.

Tomorrow is an historic day in the U.S. Our first black American President will assume the highest office in the land, and what most believe is the highest office in the world. Obama won the Presidency with a decisive mandate for “change that we can believe in” and beginning tomorrow we will begin to find out if this is for real,

Trillions are being spent by the US government on bail out after bail out, yet the economy continues to fade away. We’re quickly seeing the excitement from an Obama presidency dissipate, as leading Democrats (from his own party no less) openly question key components of Obama’s $2 trillion economic stimulus program.

On Friday, the December unemployment numbers were released and the official stats showed us losing another 524,000 jobs with unemployment reaching 7.2%. The total losses make 2008 the worst year since 1945, when the US was coming out of WWII.

As the article below spells out, gold has dropped about $40/ounce recently due to annual commodity index rebalancing. This pullback may represent the best opportunity to buy gold for the remainder of the year. Interestingly, our gold stocks continue to rise sharply in price, even in the face of the decline in the commodity itself.

For the last 20 years plus I’ve been amazed by the vast conflicts of interest that exist on Wall Street and in the financial industry. My first wake-up call was watching my first investment firm implode because of its own internal conflicts and mismanagement of an IPO of a mortgage derivatives fund,

“May you live in interesting times” … Ancient Chinese Curse That’s right. This famous Chinese proverb was actually written as a curse, and I’d say that it totally and completely sums up this past year. 2008 just became the worst investment year since the Great Depression, with losses of 35-40% for most major indices.

When the news broke about the $50 billion Ponzi Scheme that Bernie Madoff engineered over a twenty to thirty year period, I knew the story rang a bell. I went back through my records and found the original Barron’s article in 2001, and written by Erin Arvedlund.

The bear market rally continued today, this time thanks to never before seen moves by the US Federal Reserve. They not only dropped the Fed Funds rate by .50%, but also made it very clear in their forward looking comments that they would provide record amounts of liquidity to the markets going forward …

It’s snowing here as I write this…actual flurries. We rarely get snow in Houston, so this is a fun time for us. The last time we had snow was Christmas eve, 2004. Prior to that it had been at least 10 years, so I’ll have to ask all of you that live in colder climates to bear with my reaction to the white stuff.

As I forecast yesterday, the market had a fairly tough day today, ending down over 240 points. If the auto bailout does not take place…as the market is expecting…we could see a 500-1000 point drop in no time at all. I continue to believe …

It's probably the last thing anyone wants to hear so soon after news of the 533,000 lost jobs lost month (announced on Friday) -- but if history is a guide, it's only going to get worse from here. Details to follow…

This is the scariest market I have ever seen. How can anyone be expected to trust their investments when the market can drop 300 points in less than 30 minutes? Day after day after day this is happening, and if you’re wondering what the heck is going on…

One of the best trades possible is shorting the market whenever Hank Paulson and Ben Bernanke make TV appearances. So, it should be no surprise that the market dropped 670 points (8%) on Monday as BOTH decided to grace us with their presence. The markets message is clear; more government interference is NOT what we need.

Since my latest update (GD 2), I've had several readers comment that it was "too depressing" and asked if things can really get that bad again. Well, for one thing, you've got to remember that the numbers we are getting from the government now cannot be trusted.

Great Depression 2I'm writing this from the beautiful Marco Island, Florida, as we prepare for the 7th WMI m2 Wealth Conference. Outside its gorgeous, but inside...watching the stock market...isa totally different environment.

Last Thursday I called for a bear market rally when the Dow was down over 300 points. A huge rally began within 30 minutes and we closed up 550 points for the day. An 850 point move in less than 3 hours….amazing. These kinds of moves used to take several days or even weeks to happen, …

For those that are brave enough to trade this market, hopefully you’ve been using the advice I’ve provided with both SDS and SSO on my newsletter at www.vraletter.com. When I put out the update “What to Buy for a Bear Market Rally” at about 11 AM the market was down 300 points …

Fire Hank Paulson Now The Wall Street Journal says that the original $700 billion bailout will not be enough (surprise surprise) which makes it likely that Treasury Secretary Hank Paulson will be forced to go back before Congress and ask for still more money. Just amazing. Congress has a chance to do the right thing …