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Wall Street closes lower on Fed disappointment

stock marketBy Ryan Vlastelica
NEW YORK (Reuters) – Stocks fell for a second straight day on Tuesday after the Federal Reserve gave no hints of new stimulus measures to offset the effects of the worsening European debt crisis.
Though the Fed did leave the door open to further easing next year, as it has done after recent meetings, it gave no indication it was any more inclined to provide new economic stimulus.
The Fed left monetary policy on hold and said financial market turbulence posed threats to economic growth. It also characterized the U.S. economy as expanding moderately despite an apparent slowing in global growth, though it added that unemployment remains elevated and housing activity depressed.
The Fed “gave the economy a very slight upgrade, but it sort of took the wind out of domestic equities, probably because some were hoping that they would hint at another -like program,” said Robert Phipps, a director at Per Stirling Capital Management in Austin, Texas.

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LeBron James to hold minority interest in Liverpool Football Club

Looks like Lebron James is making a wise investment in sports.

As quoted on

LeBron has said for years that he wants to become a global icon on the order of Michael Jordan. And while reaching that level of fame will probably always depend most on whether or not he becomes an NBA champion several times over, business decisions like this one (and, in a more minor sense, the web cartoon series he premiered Wednesday) position him to reach out to an unprecedented number of fans. In return, he will likely help give Liverpool a larger profile among budding fans of European football in America.

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Brett Maas think the NY Giants are the real deal

NY Giants put a smack down on the Dallas Cowboys eventhough at first they stumbled. After seeing the New York Giants play last night I really think they are going to make a run for the superbowl and they are the best in the NFC.

Also, it looks like we could end up having a NY/NY Superbowl 2011 with the New York Jets looking like the best team in the AFC.

What do you think?

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Darnell Dockett Signs Extension with the Arizona Cardinals faking everyone on Leinart Trade

Hat Tip:
More than once, Darnell Dockett hinted his new contract extension would be coming sooner rather than later.
Turns out the Cardinals’ Pro Bowl defensive tackle was just being his normal, brutally honest self. Funny how this was part of the “press conference” they scheduled today but everyone that that Matt Leinart was being traded.