Wednesday, the Dow Jones Industrials seemed back in winning form, closing up a colossal +600 points. But the very next day, bearish market bets resumed.
Unexpectedly, hawkish Federal Reserve Chairman Jerome Powell signaled a dramatically less aggressive interest rate outlook late Wednesday morning.
Mr. Market’s current, nasty, violently bi-polar action "cuts your heart out." Along with that observation, CNBC’s much-maligned bad boy Jim Cramer gets the Federal Reserve’s current modus operandi exactly right.
WASHINGTON: Many economists are forecasting that the US is close to entering a recession. The recession could come in 2020 but some argue it could start as early as next year. While there are a number of signs that point to that conclusion, a closer examination reveals that we are years away from a recession. ...
WASHINGTON: Nothing compares to working for yourself. Not even the world’s greatest employer, Google is immune from criticism. Nearly 20,000 employees walked out to protest company policy related to misconduct. The reality is even in this quasi-surveillance state, employers can’t police everyone. Today, with employers competing for the best possible employees in a pro-job market, ...
This week-ending Wall Street Turkey received no last-minute pardon from President Trump. Today was indeed a Wall Street Black Friday for most investors.
Here's CDN's annual, up-to-date listing of 2018 Thanksgiving Holiday trading hours for US markets.
WASHINGTON: It appears that 2018 will be the first year since 2005 that annual economic growth will be at least 3%. Considering the 13 year period of economic stagnation, 3% is welcome growth. But growth could and should be higher. Tax Cut 2.0 Economic policy should stimulate even higher rates of growth. The result of slow ...
Like they did on Tuesday, and like they did most days this fall, stocks currently find themselves retreating once again back into full swan dive mode. Auntie Maxine was no help, either.
Stocks in nearly all sectors take off in unpredictable directions during every single trading day. It’s roller-coaster investing at its worst.
Tech shares are leading most stocks down the Road to Oblivion. Negatives include politics, international trade battles, Gonzo oil prices and interest rates.
You will be a pessimist if you look too closely at plummeting oil prices, and / or efforts by America's Corruptocrats to nullify key Republican gains by “finding” heretofore hidden crates of tombstone voters and votes.
Yes, sports fans. Wall Street is rejoicing Wednesday, likely because divided government will return to The Swamp in January 2019.
It’s best for most investors to avoid placing bets on today’s Political Sweepstakes as a genuinely puzzled Wall Street wrestles with the real or imagined consequences of Election 2018.
WASHINGTON: The Bureau of Labor Statistics just released good news and bad news about wage growth. The good news is that wages grew at a 3.1 % rate in the last twelve months. The bad news is that wages grew at a 3.1 % rate in the last twelve months. The Good News The news ...
I’ve settled on the Headless Horseman as today’s stock market metaphor. That's because Mr. Market has been behaving just like him this October. Every day, it comes out of nowhere, scares the bejeebers out of you and then vanishes into the night.
Dumping half your declining portfolio into the severe, still-ongoing October 2018 market downturn right now would likely make matters worse for most small investors, at least in the intermediate term.
October's feverish selling panic has gotten bad enough to generate serious bear market fears. This, in turn, leads to more and more selling.
Is the long-running secular bull market in U.S. stocks over? Is the Great Trump Rally within that secular bull market also kaput? And finally, are we in a bear market now?
Amazon (symbol: AMZN) and Alphabet, aka Google (GOOGL) reported disappointing (for them) earnings. Worse, Amazon indicated confused forward guidance. Result: A Wall Street catastrophe.