After a four week winning streak the markets are now down in each of the first two sessions of the week after a mixed today Tuesday. Dow components led decliners with telecom issues and McDonalds leading the slide. The fast food giant fell 4.5% after reporting lower than expected...
Despite widespread support for a measure that would force brokers to put their clients’ best interests first when managing retirement accounts, it appears that the powers on Wall Street are poised to get their way once again.
The House Appropriations Committee introduced a bill on Tuesday that would effectively stop...
Markets are still at record highs (with the Dow hitting it's 6th day of record closes) but a report today showed that there is more cash out of equities & on the sidelines than there has been in nearly 15 years. Fund managers have gotten spooked since the Brexit...
Market volatility continued it's re-assault on Wall Street today as stocks ended their worst week since February. The CBOE Volatility Index, generally regarded as the best indication of fear & volatility in the markets, shot up more than 10% to its highest level since March 15th.-a near 7 week...
As was expected The Federal Open Market Committee today approved a quarter-point increase in its target funds rate. The new target will go from 0 percent to 0.25 percent to 0.25 percent to 0.5 percent. The Federal Funds Rate has remained at zero for the last 7 years to...
Many Wall Street experts have spent the summer calling for a market correction. Some call for a 5-10% reduction, while others such as Marc Faber have called for a 20-30% crash.
The truth is that no one knows when the next market correction or crash will happen, nor do they...
After a long holiday weekend, Wall Street began the new trading week with investors eagerly awaiting the latest jobs report this week. Even though the market finished mix today, new figures released from the CNBC/Moody's Analytics Report showed 1st quarter-2016 economic growth was just 0.9 percent. The numbers translated...
Internationally renowned political insider Dick Morris reacts to the Republican victory in the mid-term elections. Morris is now on the campaign trail fighting to prevent the Democrats from another presidential election victory.
Dick Morris will be speaking at Crash Proof Retirement Educational Events throughout the tri-state area and your opportunity...
Ahead of Friday's U.S. jobs report, today the Bank of England cut interest rates in the U.K. to avoid a possible post-Brexit vote recession. Policymakers voted unanimously to cut rates a quarter point to 0.25% in the BOE's first rate reduction in seven years. Banking officials in the UK...
As markets struggled for a third straight trading day, (going back to last Friday) a Bank of America-Merrill Lynch Global Fund Manger Survey released today stated:
Fund managers' cash levels are at their highest in nearly 15 years amid worries over a British exit from the European Union and the...
