Benchmarks suffered their biggest losses in months on Thursday, following a default by Argentina, and a spike in US labor costs. Concerns about the European economy and Russia-Ukraine crisis also dragged the S&P 500 below a key technical level and the Dow dropped more than 300 points. Both these indices snapped their five-month streak of gains, while Nasdaq ended in […]
On today’s WWE investor conference call, Chairman and CEO Vince McMahon confirmed a 7% reduction in staff. As business closed in Stamford, Connecticut, we now have the details of what exactly that means for the employees of the company.The Wrestling Observer reports that 7% translated to fifty-five people who lost their jobs today.An email came at late in the day to […]
Gartman: Bull market hasn’t ended
Dennis Gartman of the Gartman Letter weighs in on El Pollo Loco’s performance and dissects today’s selloff.
Following a down day for stocks, the S&P 500 could fall another 3 percent, Dennis Gartman said Thursday.”We’re going to see the S&P make its way down close to 1,860 or 1,875 and so,” Gartman said on CNBC’s “Fast Money.”But […]
Second quarter GDP gained momentum, fuelled by improved consumer spending. Real personal consumption expenditure accelerated in spring by 2.5% following a 1.2% increase in the first quarter.In addition to this, growth was boosted by a pickup in construction spending, increased business spending on equipment, a bigger buildup in inventories and slightly higher government spending.This rise in second quarter GDP was […]
Stock Market Parabolic Collapse – Sowing the Seeds of the Next DepressionStock-Markets / Financial CrashJul 30, 2014 – 08:08 PM GMTBy: Toby_ConnorIn their infinity wisdom the Fed thinks they have rescued the economy by inflating asset prices and creating a so called “wealth affect”. In reality they have created the conditions for the next Great Depression.Over the last two years […]
There have been some reports of very weak NYSE TICK statistics and the possibility those could foreshadow a stock market crash. I’ve received several requests to update my Cumulative TICK Line for readers. This consists of the summed total of five-minute high-low-close values for NYSE TICK (upticks minus downticks for all NYSE shares). As you can see, the cumulative line […]
Rob Wile
Jul. 30, 2014, 1:05 PM
4,215
Bloomberg
A week ago Wednesday, the S&P500 hit another new all-time high, continuing an incredible five-and-a-half-year run of average gains.
For former Fed chief Alan Greenspan, the surge will have to end at some point. Appearing on Bloomberg’s “In The Loop with Betty Liu,” Greenspan warned :…the stock market has recovered so sharply for so long you […]
Dr. Ron Paul, former Congressman from Texas, Presidential candidate, and libertarian spokesman, declared on CNBC recently that he sees a stock market crash coming. Paul traces back what he believes is a stock market bubble to inflationary policies conducted by the Federal Reserve:
I think there’s plenty of inflation, but my definition of inflation is a little different than the rest, because I think […]
The Stock Market with Elliott Wave Labels from 1693 to Present Day Reveals a Bear Market Formation Since 2000By: Elliott Wave International | Wed, Jul 30, 2014SharePrintEmailThe following article was adapted from Robert Prechter’s June 2014 issue of The Elliott Wave Theorist, one of the longest-running investment letters in the business, continuously published monthly since 1979.Figure 1 shows the stock […]
The number of Google searches related to business and politics can help predict falls in the stock market, researchers at the University of Warwick, in England, say.Scientists have recently begun investigating what people look for on Google and Wikipedia to help forecast the future. For instance, prior research has shown the rate at which people look up information about the […]
