The wild ride on Wall Street continued Thursday with the Dow Jones Industrial Average plunging more than 1,000 points for the second time this week. At the closing bell, the Dow was down 1,032 points, or 4.15 percent. The Dow fell a record 1,175 points on Monday but rallied back on Tuesday to close the … Read more
GREAT NEWS – Teeka Tiwari and his team have made a last-minute decision to open up Palm Beach Confidential this month with a LIVE Crypto Webinar on March 14th. RESERVE YOUR SPOT HERE! It’s been a bloodbath in the crypto market over the past month. Bitcoin has been down as much as 69% from its … Read more
It was another wild trading day. Not quite the 1,000 point moves we’ve seen in the DOW recently. But there was still plenty of action with the DOW trading in a 500 point range from high to low. It looked like a pretty strong day until late morning. But after the strong start, the major indices sold off with … Read more
GREAT NEWS – Teeka Tiwari and his team have made a last-minute decision to open up Palm Beach Confidential this month with a LIVE Crypto Webinar on March 14th. RESERVE YOUR SPOT HERE! The entire cryptocurrency market cap is down 66% from the all-time high of $830 billion in January… including bitcoin, which is down … Read more
Shaken out of many months of calm, Wall Street braced for a higher level of volatility in the days ahead, after a roughly 2 percent rebound in U.S. stocks on Tuesday followed the biggest one-day selloff in more than six years. The question that vexed traders: were the wild swings of the past two days … Read more
Bitcoin rallied from three-month lows below $6,000 in choppy trading on Tuesday, but worries lingered about a global regulatory clampdown and moves by banks to ban buying bitcoin with credit cards. On the Luxembourg-based Bitstamp exchange, bitcoin hit $5,920, its lowest since mid-November, before recovering to above $8,000 BTC=BTSP. It hit a high of $8,150 … Read more
By Bill Bonner, Chairman, Bonner & Partners What happened yesterday to cause the Dow’s worst one-day point drop in history? The wires, airwaves, and ether are full of conflicting analyses and opinions. Take this sample of headlines from Bloomberg: Bad Day Turns Terrifying as Dow Suffers Worst Point Plunge Ever VIX [Wall Street’s “fear gauge”] … Read more
The first thing to know about the stock market’s eye-watering slide Monday is that it wasn’t caused by anything fundamental. There was no particular piece of news that drove the major averages to capsize, in a move that sent the Dow industrials off more than 1,500 points — a new intraday record — briefly in … Read more
China will add offshore cryptocurrency exchanges and ICO websites to its Great Firewall, the South China Morning Post reported Monday, reported Feb. 5, quoting a publication affiliated with the People’s Bank of China (PBoC). Regulators in China reportedly voiced dissatisfaction with current measures restricting trading on domestic exchange sites, coming to a decision to block … Read more
It’s not just stocks that are falling. Despite a selloff in the stocks, the U.S. dollar, traditionally a haven in times of turmoil, is hovering near multi-year lows. It could see even more downside this year for two major reasons: Europe and China. The DXY U.S. dollar index ended January with losses of 3 percent, … Read more