Ken Allen's (kenallen) Blog

IN THIS ISSUE...      The headlines are once again full of news from the mortgage and real estate front...and this time, the "subprime meltdown" is taking center stage, referring to a certain type of home loan which is currently experiencing heavy rates of default and foreclosure, and what the po...

Last Week in Review THIS NEWSLETTER IS HEREBY CERTIFIED AS BEING 100% "IMUS FREE". But just in case you didn't get enough of the Don Imus story that seemed to infiltrate every minute of news time last week...just turn on the television or radio for 30 seconds and you're sure to catch an update. T...

Last Week in Review "TELEVISION IS NOT REAL LIFE. IN REAL LIFE, PEOPLE ACTUALLY HAVE TO LEAVE THE COFFEE SHOP, AND GO TO JOBS." Bill Gates Right on Bill...and last Friday, the Department of Labor reported that another 180,000 Americans left the coffee shops and found jobs during the month of Marc...

Last Week in Review "BASEBALL BEEN BERRY, BERRY GOOD TO ME..." Garrett Morris as Chico Escuela on Saturday Night Live And as the first pitch of the 2007 baseball season is thrown, Bond Players could be saying the same thing about Fed Chairman Ben Bernanke. Big Ben halted the long string of rate h...

Last Week in Review "AS A RULE, MEN WORRY MORE ABOUT WHAT THEY CAN'T SEE...THAN ABOUT WHAT THEY CAN." Julius Caesar And the whole financial world anxiously sat on the edge of their seats this week, waiting to see what the Fed had in store following their most recent meeting. But no surprises to h...

Last Week in Review "I'M MELTING! MELTING! OH, WHAT A WORLD, WHAT A WORLD..." Wicked Witch, Wizard of Oz 1939 And last week, you couldn't watch the financial news for longer than a few minutes without hearing about the "subprime meltdown", talking about a certain type of home loan experiencing he...

Last Week in Review "I DON'T KNOW WHY SOMETIMES I GET FRIGHTENED" are lyrics from the '80s hit "I Got You" by the Split Enz, and market traders could be using this for a theme song of late. Adding cause for market worries was the Ole Maestro himself, Alan Greenspan. He recently celebrated his 81...

Last Week in Review YOU KNOW WHO IS LOOKING FOR STOCKS? NOBODY! Last week's volatility in the stock market stabbed at the hearts of both the Stock and Bond markets, with home loan rates swinging higher and lower throughout the course of the week. Economic news releases took a backseat to the mass...

IN THIS ISSUE...      THE BEST THINGS IN LIFE ARE FREE! But...you can't tell that to the tax man. So make sure you dot your I's and cross your T's...even the smallest mistake can cost you. For instance, did you know that the way alimony is paid can wipe out the deduction? The tip below can help y...

Last Week in Review "INFORMATION IS PRETTY THIN STUFF, UNLESS MIXED WITH EXPERIENCE." Clarence Day Just as expected, the economic news and information was super thin last week...and when that happens, Traders scrounge around looking for information to trade on, and often find extra significance i...