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Keyword: markets

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  • “This Is The Biggest Bubble I’ve Seen In My Career” – Dems’ Infrastructure Spending Could Lead To Devastating Crash, Druck Warns

    07/23/2021 12:48:24 PM PDT · by blam · 38 replies
    Zubu Brothers ^ | 7-23-2021
    This isn’t the first time billionaire investor Stanley Druckenmiller has warned that US markets are caught up in a “raging mania” fostered by the trillions of dollars in government spending. Druck, an acolyte of George Soros known for his macro investing prowess (even as he complains that contemporary Fed-backstopped markets “make no sense”) is a frequent guest on CNBC. But on Friday morning, he made a brief appearance on MSNBC’s Morning Show with Stephanie Ruhle, who seemed ill-equipped to respond to Druck’s arguments about why the Dems’ multi-trillion two-part infrastructure plan will end up hurting America’s poorest citizens. Druckenmiller As...
  • “Hold Gold As Insurance” – Stockman Warns ‘Reset’ Means “A Crash Of Epic Proportions”

    07/23/2021 6:18:40 AM PDT · by blam · 78 replies
    Nation & State/USAWatchdog.com ^ | 7-23-2021 | Greg Hunter
    Reagan White House Budget Director and best-selling author David Stockman says, “This is not the time to be invested in the markets . . . . A reset is just a pleasant name or a clinical name for a crash of epic proportions, which we will have because the markets are so inflated. There are trillions of dollars that are at risk. To put a dimension on this thing or a way of sizing this, is we have a $60 trillion bubble on the balance sheets of 130 million people in American society, but especially in the top 5% to...
  • U.S. Senate approves bill banning all products from China’s Xinjiang

    07/14/2021 11:17:44 PM PDT · by wrrock · 9 replies
    TG ^ | 7/15/2021 | Evan
    On Wednesday, the U.S. Senate approved legislation to ban imports from China’s Xinjiang. The bipartisan measure was passed unanimously. The bill, as written, would shift the burden of proof to importers. Add title U.S. Senate approves bill banning all products from China's Xinjiang On Wednesday, the U.S. Senate approved legislation to ban imports from China's Xinjiang. Republican Senator Marco Rubio introduced the legislation along with Democrat Jeff Merkley. He called for the House to quickly act. This is the latest attempt by Washington to punish Beijing over what U.S. officials call a continuing genocide against Uyghurs. “As the Chinese Communist...
  • Gold slips over 2%, palladium sheds 10% as post-Fed slide accelerates [Buy opportunity or more to come?]

    06/18/2021 6:15:18 AM PDT · by SES1066 · 30 replies
    Reuters / CNBC ^ | 06/17/2021 | Staff Writers
    Gold shed more than 2% on Thursday, precipitating a sell-off across precious metals with palladium set for its worst day in over a year, as the dollar gained ground after the U.S. Federal Reserve struck a hawkish tone on monetary strategy. Weakening physical demand and slowing speculative flows into gold, both of which began before the Fed meeting, could also help to drive a further pullback
  • The Market Just Issued A MAJOR Warning Of What’s To Come (Inflation)

    05/25/2021 5:09:01 AM PDT · by blam · 67 replies
    Investment Watch ^ | 5-25-2021 | Graham Summers
    Well, it’s confirmed, inflation is no longer just running hot… it is ROARING. The Markit’s US Manufacturing PMI is a monthly survey that interviews managers in the private sector to see what they are experiencing in terms of business. It’s widely considered to be one of the best gauges for the real state of the economy. With that in mind the Markit’s US Manufacturing PMI for the month of May 2021 just revealed that the cost for input prices as well as new business at service providers have hit their highest levels since 2009. As one well known economist put...
  • Ransomware attack shuts down largest gas pipeline in USA…

    05/08/2021 10:33:09 AM PDT · by Beave Meister · 38 replies
    Citizen Free Press ^ | 5/8/2021 | Kane
    WASHINGTON (AP) — A U.S. energy company says a cyberattack forced it to temporarily halt all operations on a major pipeline that delivers roughly 45% of all fuel consumed on the East Coast. Colonial Pipeline said the attack took place Friday and also affected some of its information technology systems. The company transports gasoline, diesel, jet fuel and home heating oil from refineries primarily located on the Gulf Coast through pipelines running from Texas to New Jersey. The Alpharetta, Georgia-based company said it hired an outside cybersecurity firm to investigate the nature and scope of the attack and has also...
  • Coinbase stock traded at implied valuation of $100 billion this week, Nasdaq Private Market data shows

    02/21/2021 5:44:08 PM PST · by amorphous · 37 replies
    The Block Crypto ^ | 19 February 2021 | Frank Chaparro
    Deep-pocketed investors appear hungry for Coinbase equity ahead of the crypto exchange's long-awaited direct listing. As per data compiled by The Block, the average clearing price for shares on Nasdaq Private Market continues to tick higher since the first secondary sale four weeks ago. The most recent cleared price was $373 a share, which would imply a valuation of about $100 billion. That's an increase from the first average cleared price of $200 in January, according to data shared with The Block. Nasdaq enables secondary offerings for Coinbase stock, a process that allows ex-employees and investors of the crypto exchange...
  • The Two Pins That Will Pop The Stock Market Bubble: It Has Happened Every Time In History.

    02/19/2021 4:14:00 PM PST · by SeekAndFind · 32 replies
    Real Investment Advice ^ | 02/19/2021 | Lance Roberts
    Yes. We are in a stock market bubble. The only question is, what will be the issue that eventually pops it? We alluded to this answer in Friday’s #MacroView discussing why more “Stimulus Won’t Create Economic Growth.”As discussed in our previous article, if market bubbles are about “psychology,” as represented by investors’ herding behavior, then price and valuations reflect that psychology.In other words, bubbles can exist even at times when valuations and fundamentals might argue otherwise. Let me show you an elementary example of what I mean. The chart below is the long-term valuation of the S&P 500 going back...
  • Yes, a Stock Can Have Short Interest Over 100% -- Here's How

    01/28/2021 2:02:21 PM PST · by Kid Shelleen · 36 replies
    Motely Fool ^ | 01/28/2021 | Dan Caplinger
    Recent events have thrust the practice of selling a stock short into the spotlight. With companies like GameStop (NYSE: GME) and AMC Entertainment Holdings seeing their shares soar as the result of short squeezes, everyone's getting an education about the dynamics of short-selling and how it actually works. In this latest short-selling controversy, many investors have been confused by the sheer level of exposure that short-sellers have to certain stocks. For instance, GameStop recently had short interest that exceeded 100% of its available shares. That left many investors completely gobsmacked -- but there's a simple explanation for how situations like...
  • Instability

    01/27/2021 9:37:55 AM PST · by blam · 2 replies
    Northman Trader ^ | 1-27-20321 | Sven Henrich
    In every century the same thing happens at one point or another. Society loses the plot and gets caught up in a mania, a grandiose exercise in self delusion. It can be political, it can be religious, and yes it can be economic. Sometimes these manias are confined to regions or small groups of people, sometimes they are vast in reach and impact and have global consequences. We can all think of examples. Religious? How about witch burnings? Politics? How about Nazism? Economics? How about all the manias that had fervent believers and adherents that with the hindsight of time...
  • Wall Street may move to Dallas

    11/11/2020 1:56:35 PM PST · by Hojczyk · 96 replies
    KSAT.com ^ | Published: November 10, 2020, 2:55 pm
    DALLAS – Officials from Nasdaq and other major stock exchanges will meet with Gov. Greg Abbott on Nov. 20 in Austin to discuss a possible move from New Jersey to Texas, nbcdfw.com and the Dallas Morning News reported. The meeting comes on the heels of the exchanges threatening to move their trading platforms out of New Jersey, the report said. Abbott and other Texas officials plan to boast the state’s business-friendly environment during the meeting. “Texas continues to be the premier economic destination in the country, attracting more leading businesses than any other state,” spokeswoman Renae Eze said in a...
  • DJIA +590.50

    11/03/2020 9:40:34 AM PST · by Signalman · 16 replies
    DJIA Index ^ | 11/3/202 | self
    Wall Street knows Trump is going to be re-elected.
  • Election Day Stock Market Thread

    11/03/2020 7:25:42 AM PST · by LRoggy · 63 replies
    Vanity for Discussion ^ | 11/3/2020 | LRoggy
    Didn't see a thread for how the Stock Market is reacting today. At 10:24am the market is up 670 points and as an Investment Manager in his 60's I'm telling everyone from experience this is the smart money deciding that the Republicans will have full control of the House, Senate and Presidency.
  • Stocks edged higher ahead of stimulus update

    10/20/2020 2:08:47 PM PDT · by Eleutheria5 · 26 replies
    e-trade ^ | 20/10/20
    4:20 PM ET 10/20/20 | Briefing.com The S&P 500 gained 0.5% on Tuesday, although it was up as much as 1.5% ahead of a stimulus meeting between House Speaker Pelosi and Treasury Secretary Mnuchin. The Nasdaq Composite increased 0.3%, the Dow Jones Industrial Average increased 0.4%, and the Russell 2000 increased 0.3%. Yesterday reports suggested a stimulus deal wasn't looking imminent, but comments from the House Speaker after Monday's close provided the market hope that both sides would get something done soon. Senate Majority Leader McConnell said he would bring a presidentially supported bill to the floor if it passes...
  • ‘Young and dumb’ traders have created a ‘total nightmare’ in the stock market, fund manager warns

    10/16/2020 12:54:38 PM PDT · by RomanSoldier19 · 61 replies
    https://www.marketwatch.com ^ | Oct. 15, 2020 | By Shawn Langlois
    At 40 times earnings, there is a 0% chance that Microsoft stock will produce wealth for someone over the next 10 years to meet their needs, Cole Smead says That’s Cole Smead, president of Smead Capital Management, explaining in a CNBC interview on Thursday how “young, dumb” investors have created a “total nightmare” in the current climate. Smead went on to say that these nosebleed valuation levels are an example of a “stock market failure” at the hands of these inexperienced millennials who have gotten lured in to taking oversized risks in equities for the first time in their lives....
  • Large antibody study offers hope for virus vaccine efforts

    09/02/2020 7:24:29 AM PDT · by familyop · 4 replies
    AP by way of Fox News ^ | September 2, 2020 | Associated Press
    Antibodies...last for at least four months after diagnosis and do not fade quickly...Tuesday’s report, from tests on more than 30,000 people in Iceland, is the most extensive work yet on the immune system’s response to the virus over time, and is good news for efforts to develop vaccines...Nearly 1% of Iceland’s population was infected in this first wave of the pandemic, meaning the other 99% are still vulnerable to the virus. The infection fatality rate was 0.3%. That’s about three times the fatality rate of seasonal flu...
  • Coins Shortages & the Dangers of a Cashless Society

    08/11/2020 3:46:01 PM PDT · by dmam2011 · 55 replies
    Clarksvillian Underground ^ | July 14, 2020 | Dave McGuire
    (CU News) - It’s become a standard at nearly every gas station, in my area, to request exact change for purchases. The coronavirus crisis has apparently sparked this nationwide coin shortage that has left retailers pleading for exact change. It didn’t take too long for the conspiracy theories to begin the rounds in both the virtual and real worlds. I first began hearing comments and receiving emails about the change shortage issue conspiracies several weeks ago. At the time, I just placed them to the side and grinned. Can they really be true? After spending some time, it did not...
  • Diversify? Almost half of Warren Buffett’s Berkshire Hathaway portfolio is now composed of a single stock

    07/08/2020 8:33:52 AM PDT · by SeekAndFind · 39 replies
    Market Watch via Yahoo Finance ^ | 07/08/2020 | By Shawn Langlois
    Warren Buffett once said that “diversification is protection against ignorance. It makes little sense if you know what you are doing.” The take-away: Load up on what you know. Even if it’s a tech stock, apparently. A recent peek into Buffett’s Berkshire Hathaway BRK.A, BRK.B, $214 billion portfolio underscores that the Oracle of Omaha is following his own advice, considering how much stock Berkshire has accumulated in Apple AAPL. Buffett, thanks to Apple’s stellar run, now owns more than $91 billion’s worth of the iPhone maker, which constitutes 43% of the total Berkshire pie, according to figures cited by the...
  • Dow surges 500 points as positive housing data outweighs Rising Coronavirus spread

    06/29/2020 12:12:28 PM PDT · by SeekAndFind · 15 replies
    Business Insider via MSN ^ | 06/29/2020 | Ben Winck
    US equities traded higher on Monday as investors blocked out rising coronavirus case counts and focused on positive housing-market data. Pending home sales shot 44.3% higher in May, the National Association of Realtors announced Monday. The reading trounced the median economist estimate of 19.3%, according to Bloomberg. The association's metric now sits at 99.6, slightly lower than its pre-virus high of 111.4 but hinting at a steady recovery for the critical sector. The leap "goes to show the resiliency of American consumers and their evergreen desire for homeownership," Lawrence Yun, NAR's chief economist, said. "This bounce back also speaks to...
  • Stock-market legend who called 3 financial bubbles says this is the "real McCoy' of bubbles

    06/17/2020 5:32:41 PM PDT · by wrrock · 57 replies
    Jeremy Grantham: ‘My confidence is rising quite rapidly that this is, in fact, becoming the fourth, real McCoy, bubble of my investment career. The great bubbles can go on a long time and inflict a lot of pain but at least I think we know now that we’re in one. And the chutzpah involved in having a bubble at a time of massive economic and financial uncertainty is substantial.’ "A market that may be the most bubblicious he’s seen in his storied career." "Grantham is worth paying attention to due to his prescient calls over the years. He said that...