The Athens stock exchange closed 16 percent lower on Monday after it reopened for the first time in five weeks, according to an unofficial tally.Reuters reported that Greek banking stocks fell 30 percent, hitting the bourse’s daily volatility limit, with sellers lining up and no buyers. Earlier, the sector was being pummeled across the sector, including Alpha Bank, Attica Bank […]
The Athens stock exchange. Bank shares were particularly hard hit on Monday after reopening following the five-week shutdown. Photograph: Yannis Kolesidis/EPA
Greece’s stock market plunged nearly 23% on Monday when it reopened after a five-week shutdown brought on by fears that the country was about to be dumped from the eurozone.The main Athens stock index fell to in worst ever one-day […]
AP ImagesFour members of the House of Morgan stand on a balcony outside the Senate Banking Committee room just before the committee resumed its investigation into the banking institution’s practices, May 31, 1933, in Washington.While attention is focused on Greece, China is having a serious market meltdown.After exploding earlier in the year because of deregulation, China’s benchmark Shanghai Composite has […]
The second-best performing sector in the S&P 500, financials advanced with the continued rally in yields as the sector is expected to benefit from higher interest rates. The S&P Regional Banking ETF (KRE) gained 1.08 percent. The SPDR S&P Bank ETF (KBE) hit its highest level since October 2008.PNC Financial, Capital One, BB&T, Zions Bancorp, People’s United Financial and KeyCorp […]
Stock Market Crash – Are We Heading For 1987 All Over Again?Stock-Markets / Stock Market CrashJun 06, 2015 – 10:58 PM GMTBy: Toby_ConnorHistory has been pretty clear. When the Fed prints too much money, and holds interest rates too low for too long, it eventually it creates a bubble followed by a market crash. It happened in 2000 with tech […]
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Top 5 stocks of the week and how to trade them – CNBC.com
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Are leveraged ETFs making biotech stocks sick? – CNBC.com
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Welcome to Friday. Here are three things to keep an eye on during the trading day.Two of today’s three are animated by near-opposite human cravings, but both have been crucial drivers of this bull market: biotech stocks and REITs.Number 1:Biotechs are all about a hoped-for future, the promised huge payoff from smarts and risk-taking, magic molecules to extend lives and […]
Screenshot via Bloomberg TVLiz Ann SondersFA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.Stocks are rallying despite the drop in earnings expectations (Charles Schwab)Charles Schwab Chief Investment Strategist Liz Ann Sonders notes, “History shows that market valuation doesn’t necessarily matter…until it does.” S&P 500 forward earnings-per-share growth has turned negative […]
The last time Janet Yellen, Series 7, 63 certified, warned of asset bubbles, aka the Fed’s “Irrational Exuberance 2.0” moment, was back in July 2014, when the smallest of utterances led to a selling avalanche in biotech and social media stocks. This is what the Fed said back then:
“Nevertheless, valuation metrics in some sectors do appear substantially stretched—particularly those for […]
