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Thursday, Mar 04, 2010 Permalink
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Mark Brookshire on Market Open Live
By John S. Hopkins, Jr.

I'd like to welcome our newest partner on Market Open Live, WallStreetSurvivor.com. Wall Street Survivor is a trading simulation site that allows you to create and track a virtual stock and options portfolio. Mark Brookshire, President and Founder, joined me for a couple segments on the show this morning. We talked about a few of the popular traders at WallStreetSurvivor, including GoMaxGo. Click below to listen!Click below to listen!

 
Wednesday, Mar 03, 2010 Permalink
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Brad Cohen from Embrace Home Loans
By John S. Hopkins, Jr.

I'd like to welcome back one of our regulars, Brad Cohen, Vice President at Embrace Home Loans, who has a really excellent handle on what's going on in the world of mortgage finance. Brad tells me that there's still way too much paperwork in the process and that the pendulum has swung too far, making it very difficult to secure a mortgage. So, where it used to be a piece of cake to get a loan, now it's like breaking into Fort Knox!. Click below to listen, and be sure to check out Brad's website at www.0Points.com!

 
Tuesday, Mar 02, 2010 Permalink
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THE GOVERNMENT'S GREATEST CHALLENGE
By John S. Hopkins, Jr.

The government is facing some big challenges these days, with the Health Care initiative still in jeopardy, the economy still fragile and an epidemic like housing situation. Yet, the biggest problem facing the Administration right now is the job situation.

It should be clear by now that everything else we are facing as a nation is pegged to whether or not enough people are working. Even though the stock market is trying to shrug off mostly negative reports, the one that requires the most attention is the jobs report coming out this Friday.

You can expect the most optimistic pundits to peg any increase in unemployment to lousy weather, and while there might be something to that, it still doesn't begin to explain why there are still so many people out of work. And, to those who think the economy can grow with 10 percent of the work force sitting on the sidelines, all I can say is, good luck.

We saw from last week's Consumer Confidence report that Americans are shaken. And, we saw from yesterday's Personal Income and Spending data that incomes are down, so for the group of people who still have jobs, buying power has lessened.

So, we're not likely to advance in any meaningful way unless more people are put to work, and there is little evidence that corporate America is ready to welcome back the millions of workers who have been displaced the past few years. This is why getting people back to work must be the number one government priority, with nothing else even a close second. 

 
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