Uncertainty continued to reign across the global stock market Wednesday as investors waited to see whether China could manage to stabilize its economy following its massive plunge on Monday.It was hoped the worst was over after the People’s Bank of China cut its interest rates late on Tuesday and lowered the amount of reserves it demands that banks hold, but […]
I did not foresee the China mini-crisis. But I watched with fascination. Because I had little cash in my account, on August 12 I raised cash by selling my Cantel Medical (CMN) stock, all of it. Cantel is a great company making infection control devices. When I bought it in December of 2009 for $19.58 per share, after hearing about […]
Investing.comThe recent collapse in stocks has been quick and brutal.It has not been a fun couple of days in the stock market. On Monday, the Dow lost 588 points, capping the blue-chip index’s first-ever string of back-to-back-to-back days of 300-point declines. Shortly after the market open on Monday, stocks were in a panic, with the Dow falling more than 1,000 points while […]
Collapse of US stocks due to ‘a confluence of negative attributes’. US stock markets staged a stunning recovery on Monday after plunging to dramatic lows earlier in the day as markets across the world went into meltdown over ongoing fears of a collapse in the Chinese economy.The Dow Jones Industrial average was down 200 points, or 1.2%, at 16,257 points […]
eapcontent.ap.orgPeople watch trading boards at a private stock market gallery in Kuala Lumpur, Malaysia on Monday, Aug. 24, 2015. Stocks tumbled across Asia on Monday as investors shaken by the sell-off last week on Wall Street unloaded shares in practically every sector. (AP Photo/Joshua Paul)NEW YORK (AP) — U.S. stock markets plunged in early trading Monday following a big drop […]
Wikimedia CommonsIt’s wild out there on Monday morning.Dow futures were down as much as 700 points, the S&P 500 was down about 4%, and the Nasdaq fell 5%, triggering a “limit down” brief pause in trading.And while we’re still a bit away from the point at which the S&P 500 will stop trading for a period, Dave Lutz at JonesTrading […]
Bad news: Even after panic, stocks aren’t cheapMonday, August 24th, 2015 | Posted by Michael JonesThe most famous minder of valuations, Robert Shiller, said Friday morning on CNBC that “valuations are high, quite high by historical standards. It’s only been a few other episodes in U.S. history when they’ve been this high.”Shiller’s reference point for valuations is not the forward […]
The markets have been getting rocked this week.Stocks in the US were lower for a fourth day on Friday following Thursday’s brutal sell-off. The Dow was down as much as 291 points Friday with all 30 Dow stocks lower. The S&P 500 briefly dropped below 2,000 for the first time since February (all of it sectors were in the red).Friday’s intra-day low of 1,993 […]
David Zeiler: For biotech stock investors, what happened to Aquanox Pharmaceuticals Inc. (NASDAQ:AQXP) over the past week looked like the ultimate fantasy come true.After reporting positive results from a mid-stage test for its bladder pain syndrome/interstitial cystitis drug AQX-1125 on Aug. 7, Aquanox stock took off like a rocket.Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?“I study […]
Bharat RanjanGoldman Sachs’ chief equity strategist David Kostin doesn’t think stocks are going anywhere for the rest of the year. In a note to clients over the weekend, Kostin and his team outlined 4 main reasons why the S&P 500 probably won’t do much of anything for the rest of the year and finish at 2,100. On Monday morning, futures were indicating […]
