(Drivebycuriosity) – “The end of capitalism has begun”, claims the British paper “The Guardian” (theguardian). The text looks like a wet socialist dream. Paul Mason, a Marxist and author of this article, declares that information technology (Internet, software, cloud computing and more) will destroy capitalism and replace it by “postcapitalism”.I disagree. Capitalism is just changing its face, as it has […]
REUTERS/StringerVia Dave Lutz at JonesTrading, here’s a guide to what traders are talking about after a huge sell off in Chinese stocks overnight.Good Morning! A sea of red overseas has the S&P extending last weeks’ 2.2% drop. Nasdaq off 60bp, S&P off 50bp as the commodity complex continues to cycle lower. Heavy losses over in Europe, with the DAX off […]
Thomson ReutersTraders work on the floor of the New York Stock Exchange shortly after the opening bell in New York(Reuters) – Amazon’s stock price surge into Friday made it the latest of a series of companies to boom following results, and its performance this year, along with a few others, has basically kept the S&P 500 above water.Data from S&P […]
Massive decline in technology stocks following earnings releases from Apple and Microsoft dragged major benchmarks to negative territory for the second-consecutive day. Meanwhile, another slump in oil prices also weighed on energy shares, which in turn had a negative impact on markets. However, encouraging existing home sales data boosted housing stocks on Wednesday.For a look at the issues currently facing […]
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PayPal started trading on the Nasdaq this morning at $41.46 per share.As an […]
FinVizUS stock market futures just started trading after the long weekend, and it’s ugly.S&P 500 futures are down by 31 points or 1.5% in the first few minutes of trading. Dow futures are down 246 points or 1.4%.This comes after Greece’s referendum. Greek voters surprised the world by voting “No.” In other words, “No” the Greek people do not want […]
© AFP/File Daniel RolandFrankfurt’s DAX 30 index lost 0.10 percent to stand at 11,088.73 pointsLondon (AFP) – Europe’s main stock markets slipped on Friday with all eyes on Greece’s weekend referendum on its bailout and future place in the eurozone.In late morning deals, Frankfurt’s DAX 30 index lost 0.10 percent to stand at 11,088.73 points and in Paris the CAC […]
Episode 122: The DOW has broken below its 50 dma and the S&P500 is hovering just barely above its.More importantly, the S&P500 is only 0.5% above its 100 dma. If it breaks the 100 dma and doesn’t quickly recover, that’s a huge red flag because the 100 dma has been an extremely dependable support level.That being said, this is an […]
Bob Bryan
Jun. 24, 2015, 3:49 PM
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In the years since the financial crisis, stocks have rebounded strongly returning over 200% value to investors. Despite this strong news, millennials are skeptical of diving in.According to a survey done by Goldman Sachs, almost 40% of young people do not want to invest in the stock market at all. Another 45% say they are skeptical […]
NEW YORK (AP) — Facebook is now bigger than Wal-Mart, at least when it comes to its value on the stock market.The world’s biggest online social network knocked the world’s largest retailer out of the top 10 list of the highest-valued companies in the Standard & Poor’s 500 index on Monday and the gap widened on Tuesday.While the switch is […]
