SA contributor, Paulo Santos, wrote a pretty good article yesterday: The Retail Panic. Within Paulo’s article, he very logically provided a nice high level facts based series of arguments explaining how the market dramatically overreacted to Macy’s (NYSE:M) June 6th investor day analyst meeting. Lo and behold, I am not surprise as the sell side almost always misses the critical inflection....More>>>
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Securities and Exchange Commission Chairman Jay Clayton told Senate lawmakers Tuesday that harmonizing a fiduciary rule with the Labor Department is a top priority for him and laid out four steps....More>>>
The mainstream media is comparing Bitcoin to the “Tulip Mania” of the 17th century, a famous speculative bubble of tulip prices. But Bitcoin is not in a price bubble…
During Tulip Mania, tulips would soar to such astronomical value that 10 tulip bulbs could buy a mansion. Prices eventually collapsed in 1637, making the flower worthless and creating a lesson for all....More>>>
Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee February 14, 2017 in Washington, DC. Yellen testified on the topic of on ‘The Semiannual Monetary Policy Report to Congress.’ (Photo by Win McNamee/Getty Images)
All signals suggest that The Federal Reserve will increase rates this week, traders suggest there’s....More>>>
Wall Street on Monday didn’t just cash in on one winner, or a daily double, or even a trifecta. It notched astock market-style superfecta, with all four major U.S. stock indexes — representing blue chip names, technology stocks, small caps and large-company stocks — all closing at record highs on the same day for the first time in 17years.
The post-election rallybegan two....More>>>
Its just a drop in an $8 trillion bucket. But the roughly $50 billion in unconventional assets that the Government Accountability Office (GAO) found in half a million individual retirement accounts (IRAs) at the end of 2015 was enough to sound alarms.
People who invest their retirement accounts in unconventional assetssuch as real estate or virtual currencymay be placing their savings at....More>>>