stock markets

  1. Venezuelans turn to Bitcoin to escape currency crisis

    Venezuelans turn to Bitcoin to escape currency crisis
    By now, most Americans are familiar with the economic basket case that is Venezuela. The country’s economy has collapsed, leaving the population desperate and starving. The human cost is highly visible and tragic, but what gets less attention is the way in which the government has destroyed the country’s currency, thereby making it impossible for citizens to buy basic necessities...
  2. "You Think This Market's Crazy?"

    "You Think This Market's Crazy?"
    You think this market’s crazy? One day in early 1987, with Wall Street humming, a meeting after trading closed involved several cases of champagne. The Dow Jones Industrial Average had breached 2000 that day, a cause for celebration. A week and a half later, more champagne was ordered when the average passed 2100. Then again a few weeks later for 2200. Eventually my...
  3. The Crash of 1929: "Somewhere, Deep Down, They Knew the Party Was Over"

    The Crash of 1929: "Somewhere, Deep Down, They Knew the Party Was Over"
    "...people believed that everything was going to be great always, always. There was a feeling of optimism in the air that you cannot even describe today." "There was great hope. America came out of World War I with the economy intact. We were the only strong country in the world. The dollar was king. We had a very popular president in the...
  4. How big is bitcoin, really? This chart puts it all in perspective

    How big is bitcoin, really? This chart puts it all in perspective
    Bill Gates’s net worth still beats bitcoin’s entire market cap. Not all money is created equal. Bitcoin burst into our financial consciousness like a fiery comet, setting the internet ablaze with visions of upending the existing global money system. Yet, by its nature as a cybercurrency, whose legitimacy only exists in the ether, its credibility leaves much room for debate...
  5. What Is The Market Telling Us?

    What Is The Market Telling Us?
    The entire global economy now depends on this stripped-of-information "market" for its stability. Ho-hum, another day, another record high in the S&P 500 (SPX). What is this market telling us? If you're long, the market is screaming "you're a genius!": But other than that, what else is the market telling us? Is it telling us anything about the real-world economy and the...
  6. Are Central Banks Getting Ready to Crash the System Again?

    Are Central Banks Getting Ready to Crash the System Again?
    While investors pile into Tech Stocks based on endless promotion from the financial media, the US economy is rolling over. Last week the NY Fed downgraded its economic forecast for 2Q17 to just 1.9%. Even worse, it is now forecasting 2017 total growth to be a measly 1.5%. Yes, 1.5%. There is a clear trend to this chart… and it’s NOT...
  7. Bill Gross Says Market Risk Is Highest Since Pre-2008 Crisis

    Bill Gross Says Market Risk Is Highest Since Pre-2008 Crisis
    U.S. markets are at their highest risk levels since before the 2008 financial crisis because investors are paying a high price for the chances they’re taking, according to Bill Gross, manager of the $2 billion Janus Henderson Global Unconstrained Bond Fund. “Instead of buying low and selling high, you’re buying high and crossing your fingers,” Gross, 73, said Wednesday at the...
  8. Wall Street Wonders What’s Next After Trump Jolts Markets

    Wall Street Wonders What’s Next After Trump Jolts Markets
    For the first time, a Wall Street that’s been giddy over Donald Trump is starting to ask some hard questions. From Day 1, markets have rallied, defying what many of the same Wall Street types said would be a disastrous election outcome. Since then, U.S. stocks have hit record after record, driving up shares of Goldman Sachs to JPMorgan Chase to Apple...
  9. China Stocks Are Tumbling Again. Unlike 2015, World Doesn't Care

    China Stocks Are Tumbling Again. Unlike 2015, World Doesn't Care
    Global investors are still shaking off a rout that’s erased more than $560 billion from the value of Chinese equities, making them the world’s worst performers since mid-April. Below are four charts showing just how deep the pain has spread in China’s mainland. Outside of the nation’s borders, investors are indifferent to the weakness in the second-largest equity market after the...
  10. KLCI slips following weak cues from Wall Street

    KLCI slips following weak cues from Wall Street
    KUALA LUMPUR (April 13): The benchmark FBM KLCI index slipped 0.34% today, following weak cues from Wall Street after U.S. President Donald Trump’s comment on the U.S. currency being too strong, which kept the U.S. markets nervous. At the closing bell, the KLCI closed 5.90 points lower to 1,738.18, with 3.9 billion shares worth RM2.6 billion traded. Market breadth was...

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