stock markets Tag

Posted On October 26, 2017By BlackbeardIn Articles

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. It’s a common story in socialist countries. Unable to sustain massive levels of government spending, the state prints more and more money, trading short-term gains for massive inflation. It’s oneRead More

Posted On July 4, 2017By HoudiniIn Articles

“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 boss stopped buying bubbly when breaking records became the norm. Japanese insurance companies would show up at the brokerage firm where I was a securities analyst and ask for a listRead More
“…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 middle of the decade, Calvin Coolidge, and an even more popular one elected in 1928, Herbert Hoover. So things looked pretty good.” “The economy was changing in this new America. ItRead More
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. HowMuch.net on Wednesday put things into perspective and demonstrated that for all the buzz and excitement bitcoin has generated, it still has a long way to go to be evenRead More

Posted On June 21, 2017By HoudiniIn Articles

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 open market for equities based in that real-world economy? Before we can answer “what is the market telling us?” we must first ask, “what can the market tell us?” That is, what isRead More
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 up. Source: NY Fed Wait, it gets worse. The Citi Surprise Index has collapsed to levels not seen since 2011. Source: Yardeni Research Why does this level matter? The lastRead More
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 Bloomberg Invest New York summit. Central bank policies for low-and negative-interest rates are artificially driving up asset prices while creating little growth in the real economy and punishing individual savers, banksRead More
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, as investors quickly focused on what his pro-business, tax-cutting agenda would mean for corporate profits. But the steady drumbeat of bad news may finally be taking its toll. On Wednesday,Read More
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 U.S. The MSCI All-Country World Index is near a record and the VIX Index, the so-called fear gauge for U.S. stocks, is close to its lowest level since 1993. RememberingRead More

Posted On April 14, 2017By HoudiniIn News

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 negative with only 220 gainers compared with 765 decliners, while 305 counters were unchanged. Malayan United Industries Bhd continued to be the most actively-traded counter. Eita Resources Bhd was theRead More