U.S. stocks traded higher on Wednesday lifting the Dow Jones Industrials, the S&P 500 and the Nasdaq to new records as financial markets closed early for the July 4th holiday. President Trump celebrated the milestone tweeting a “congratulations!” noting the 19 percent annual gain for the broadest measure of stocks. Investors are now betting on […]
The Wolves Have Turned on Each Other on Wall Street…
Some decades back, the late MIT economist Lester Thurow wrote this: “Essentially, the economic problem is like that of the wolf and the caribou. If the wolves eat all the caribou, the wolves also vanish.” What Thurow did not take into consideration is that if the wolf pack is large enough, it can survive for […]
NASDAQ Hits 8,000 for the First Time as NAFTA Deal Gets Closer…
Here’s What Will Drive Oil Prices After Trump’s Iran Decision…
So far, so good for investors. Wall Street isn’t sweating President Donald Trump’s decision to withdraw the U.S. from the Iran nuclear agreement and reimpose sanctions on Tehran. But will the calm hold? Much will depend on the reaction by Iran as well as by other participants in the multilateral agreement that was designed to […]
U.S. Stocks Rebound…
U.S. stocks rose on Thursday, with major indexes on track to snap a multiday skid, following upbeat data on the labor market which may have momentarily offset jitters over inflation and rising bond yields. The Dow Jones Industrial Average DJIA, +0.77% gained 324 points, or 1.3%, to 25,122. The S&P 500 SPX, +0.33% added 26 […]
U.S. Stocks Snap Selling Spree to Close Higher in Volatile Trading…
The U.S. stock market halted its death spiral to close higher Tuesday after a wild day of trading that saw the Dow ricocheting more than 1,000 points, underscoring a new regime of volatility on Wall Street. The turnaround, which follows on the heels of the blue-chip index’s worst one-day point decline on Monday, helped to […]
The Slow-Motion Assassination of President Trump by Unhinged Liberal Media…
Unhinged Liberal Media Reach Peak Meltdown Over Comey ‘Hope’ Memo…
Thanks to the Incessant, Unhinged Russian/Trump Fear Porn/Fake News Dow Plunges 372 Points…
The wolves are circling, and members of Congress from both political parties are now openly talking about impeaching President Trump. On Wednesday, speculation of a looming Trump impeachment sent stocks plunging. The Dow was down 372 points, and the S&P 500 and the Nasdaq both experienced their largest declines in eight months. This downturn was […]
Two New Jersey Traders Arrested For Manipulating $10 Billion Worth Of Stocks, Making $26 Million In Profit…
The SEC continued its crackdown against “market-manipulating masterminds” today, when it charged two New Jersey-based traders, 37-year-old Joseph Taub, of Clifton, and 21-year-old Elazar Shmalo of Passaic, with manipulating more than 2,000 NYSE and NASDAQ-traded stocks reaping more than $26 million…