By Michael Snyder, on August 26th, 2015On Wednesday we witnessed the third largest single day point gain for the Dow Jones Industrial Average ever. That sounds like great news until you realize that the two largest were in October 2008 – right in the middle of the last financial crisis. This is a perfect example of what I wrote […]
I have to write about today… have to get something off my chest.August 1st, 2011
I remember the first month of live trading at my prop firm. We (myself plus 11 others) were all trainees pikering around with a few hundred shares, risking no more than $150 for the entire day. We spent our morning prep sessions going over stocks gapping […]
What a busy 12 hours we’ve had. And with America waking up, let’s have a recap.China’s central bank has slashed interest rates and allowed its banks to lend more money, in an attempt to prop up its economy.The stimulus move, which has driven shares higher worldwide, came after another day of heavy losses in Asia.In an unscheduled move, the People’s […]
investing.comStocks are rolling over again. It’s been a chaotic day in markets, with the Dow crashing more than 1,000 points, the S&P 500 was down 120 points, and the Nasdaq was down 393 points shortly after the market open. All of the major averages were down 5% or more at their worst levels. The market recovered most of its losses during the morning, but near […]
REUTERS/Neil HallHistorical re-enactors in a living history camp prepare their costumes as they take part in an anniversary event for the Battle of Bosworth near Market Bosworth in central Britain.The global financial markets are getting walloped.The Dow ended Friday at 16,450, down a whopping 1,018 points for the week. The blue-chip index booked its first back-to-back, down-300-plus-point days since November 2008. It’s […]
Sometimes it helps to take look the world through an unconventional perspective when thinking about the size of things.So here’s a pretty awesome map from Bank of America Merrill Lynch’s Chief Investment Strategist Michael Hartnett that shows the world according to free-float equity market capitalization in billions of dollars measured by the MSCI.The US, with a market cap of $19.8 trillion, is the […]
A shop worker in Jakarta, Indonesia, counts rupiah after a big fall in its value amid increasing fears for the health of the Chinese economy Photograph: Bay Ismoyo/AFP/Getty Images
China slowdownChina’s continued growth helped limit the impact of the global recession of 2009 but now fears are increasing that the world’s second-biggest economy could cause the next recession. China’s growth is […]
Why Are So Many People Freaking Out About A Stock Market Crash In The Fall Of 2015?
By Michael Snyder, on August 19th, 2015Is the stock market going to crash by the end of 2015? Of course stock market crashes are already happening in 23 different nations around the planet, but most Americans don’t really care about those markets. The […]
Why Are So Many People Freaking Out About A Stock Market Crash In The Fall Of 2015?
By Michael Snyder, on August 19th, 2015Is the stock market going to crash by the end of 2015? Of course stock market crashes are already happening in 23 different nations around the planet, but most Americans don’t really care about those markets. The […]
Zero-fee, stock-trading app Robinhood is now on Android. The app launched on iOS late last year and has grown to “hundreds of thousands of customers” and made over $1 billion in trades on the platform, according to the startup.Robinhood estimates it has already saved those on the iOS platform more than $22 million in ETF, or stock-trading fees. It would like to continue doing […]
