Investors have been whiplashed so far this week and it’s only Wednesday morning. On Monday, the Dow rocketed ahead by 399 points. On Tuesday, it plunged by 299 points. What changed investor sentiment so dramatically in 24 hours? David Stockman, the former Director of the Office of Management and Budget under President Ronald Reagan who […]
Dow Falls More Than 1,000…
The Dow Jones Industrial Average fell by more than 1,100 points Monday, breaking its record for largest daily loss by points. The Dow dropped more than 1,500 points Monday before recovering to close at 24,341, a 1,179-point loss. The plunge broke the Dow’s previous record for the largest daily loss by points, set on Sept. […]
Happy New Year: S&P Just Did Something for the First Time Since 1992…
Pushing the S&P 500 to a new record high – which is notable, as Bloomberg reports this is the first time that the index hit a record high on the first day of trading since 1992. And those same investors bought tech stocks (and Biotech) with both hands and feet today as Nasdaq massively outperformed […]
Dow Rips 331 Points Higher, Closes Above 24,000 as Chances of Senate Tax Bill Passing Rise…
Stocks rallied on Thursday as the possibility of the Senate passing a bill aimed at overhauling the U.S. tax code increased. The Dow Jones industrial average surged 331.67 points to close above 24,000 for the first time, with United Technologies leading advancers on the 30-stock index. The S&P 500 advanced 0.8 percent to close at […]
Bill Blain: “This Time it Really Is Different! The Machines Have Taken Over and They Will Never Sell”…
Forget the Known Unknows, its the shocking surprises that are going to get us – “Bubbles don’t grow out of thin air, they have a solid basis in reality. But, reality is distorted by misconception..” And it’s a bad start to the week as my Bloomberg obliquely gave the finger by refusing to log me […]
Dow Cracks 22,000, Apple Rally Leaves Other Tech Behind…
The Dow peaked above the 22,000 mark for the first time on Wednesday, powered by Apple’s healthy quarterly iPhone sales, while weakness in other tech stocks pulled the Nasdaq and S&P 500 lower. Apple jumped 4.90 percent to a record high after the world’s largest publicly listed company reported strong results. It is up about […]
Is it Just a Coincidence That the Dow Has Hit 20,000 at the Same Time the National Debt Is Reaching $20 Trillion?…
The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion […]
Dow Sets First Ever Close Above 20,000 as Trump Orders Send Stocks on a Tear…
Stocks rose on Tuesday, the first trading day of 2017, but closed off their session highs as oil prices gave back initial gains. “When oil started to slip and the dollar peaked, that’s when you saw stocks fall off a bit,” said Robert Pavlik, chief market strategist at Boston Private Wealth. “I think, near term, […]
Rattled: Friday’s Market Selloff in U.S. Roils Overnight Foreign Markets…
European and Asian stock markets were firmly in the red overnight as Friday’s 394 rout in the Dow Jones Industrial Average fueled global concerns…