Image: FlickrJust in case you don’t know who Warren Buffett is, he’s currently the third-wealthiest person in the world, behind only Bill Gates and Carlos Slim Helu. He’s been building his massive $67 billion fortune since his first acquisition of a textile company back in 1962, and since then, he’s grown the Berkshire Hathaway brand into a holding company that […]
Now Is The Time – Fear Rises As Financial Markets All Over The Planet Start To Crash
By Michael Snyder, on July 27th, 2015Can you feel the panic in the air? CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the […]
The first half of 2015 has come and gone, and the long-running global bull market has significantly faltered.The Dow Jones Industrial Average fell 1.4% through the first six months of 2015, the first time the index has lost ground in that time frame since 2010. The S&P 500 eked out a 0.2% gain in the first half, its smallest H1 […]
For June 29, 2015, here’s a look at why the stock market is down today a whopping 350 points – the biggest fall since June 2013.DJIA, S&P 500, Nasdaq Closing Numbers:Dow Jones: 17,596.35; -350.33; -1.95%S&P 500: 2,057.64; -43.85; -2.09%Nasdaq: 4,958.47; -122.04; -2.40%The DJIA today cratered 350 points as traders sold on fears that Greece may default on its debts.The nation […]
2) Shanghai shares fell 3.3 percent on Monday despite another rate cut by the People’s Bank of China (PBOC), and reduction in reserve requirements, which allows banks to lend more freely, and again, at a lower cost to borrowers.3) Puerto Rico says it can’t pay the $72 billion owed to its creditors and wants a moratorium on payments until it […]
“Now the added headwinds of improving global growth and a reduction in systemic threats, some rise in real interest rates, and likely dollar improvement, all put further pressure on gold’s allure. In addition, the lack of strong global economic growth and abundant supply for many commodities likely argues for trendless, but volatile (as usual) commodity prices,” he noted. […]
