ReutersAn investor stretches in front of a screen with stock information at a brokerage house in Xiangyang, Hubei province, February 22, 2011.See AlsoChina is flooding the US with insane drug ‘flakka’ — and it’s shockingly easy to obtainThere is something that is a bigger drag on US stocks than Greece or ChinaThere is a new ‘ghost town’ in ChinaAs all […]
Have you come out of your bunker yet after Monday’s Greek tragedy?You might have expected more fireworks yesterday after Monday’s 350-point rout. But the Dow managed to gain 23 points and the Nasdaq tacked on 28.So where do we stand right now? And what should you do with your money today?I’m going to tell you…But before we get to my […]
Kyle Anderson: This is the second-longest stretch without a stock market correction for the S&P 500 since 1945, according to RBC Wealth Management.It’s been more than 1,350 days since we’ve seen a correction in the S&P 500.A stock market correction is defined as a 10% dip from the index’s high.Have you ever wondered how billionaires continue to get RICHER, while the rest of the world […]
Akin Oyedele
Jun. 29, 2015, 10:37 AM
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Bloomberg TVTom LeeUS stocks have started the week firmly in the red.It’s the first big reaction to the bad news from Greece over the weekend, as it heads into a missed payment to the IMF on Tuesday, and implements capital controls all week long.As stocks sell off, there’s the question of how all of this […]
A closed bank in Athens this morning. Photograph: Thanassis Stavrakis/AP
Good morning.The Greek debt crisis is set to sent turmoil through Europe’s financial markets this morning, as the looming prospect of Greece plunging out of the eurozone sends panic through trading floors.Shares are set to tumble in London, Frankfurt, Paris and beyond, after a dramatic weekend which began with Alexis […]
After the ECB shut off ELA, prime minister Alexis Tsipras imposed capital controls while blaming the ECB just as I predicted.Of course, that was an easy prediction. Yet, even at the last moment, many did not believe it would come to this.Let’s tune into the Guardian Live Blog for some details.Bank HolidaySpeaking on live TV, Alexis Tsipras is saying that […]
Long queues form at ATMs in Greece early on Monday morning.
Share prices slumped across Europe on Monday as Greece shuttered its banks for a week following a fateful weekend that has shaken Europe’s single currency.The Greek government decided on Sunday night it had no option but to close the nation’s banks the following day after the European Central Bank (ECB) […]
Despite all the talk of “containment” and “Greece doesn’t matter,” not only are we told by anonymous EU officials that some banks may not open Monday but now, a Greek SEC Official has warned…*GREEK BOURSE MAY NOT TRADE MON IF NO ELA EXTENDED: SEC OFFICIAL
Greeks just got CYNK’d (or Hanergy’d).As a reminder, here is the exuberance in Greek stocks from […]
On May 10, China cut its benchmark lending rate for the third time since November. The move came just a few days after several brokerages tightened margin requirements, which triggered a 4% decline in Chinese stocks.At the time, we noted that the PBoC had done something similar not even a month prior, when in April, the central bank slashed the […]
Jun 26 – Greece, like so many other nations and governments after the 2008 financial crisis, received a series of large bailouts as its economy sank into disarray. Now, years later, Greece’s creditors are asking for those loans to be paid back…
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Hour 1 Technician David Nicoski: Secular Bull Market in Biotech More Upside to Come 2015-06-27
See which stocks are […]
