Over the weekend, Bernard Madoff of Madoff Funds, was arrested for securities fraud, and he has admitted to swindling hundreds to thousands of investors out of $50 billion dollars over an undisclosed period of time. Madoff has been in business managing investments since 1960, but he also ran a hedge fund that was basically a [...]

Here’s the Op-Ed from Warren Buffet in today’s NY Times encouraging investors to buy American stocks and stock stashing your cash under the mattress. If you’re going to listen to anyone during tough economic times, you need to listen to WEALTHY people, not the media and not other poor people in tons of debt. [...]

It’s the latest doom and gloom headline from the financial world. The Dow Jones Industrial Average dropped below 10,000 points at the closing bell today, and it was the first time it closed below 10,000 since 2004. It first hit the benchmark of 10,000 in 1999 at the height of the dot com [...]