The S&P 500 is up for 13 straight months (including a “perfect year” of 12 monthly positive returns – which has never happened before) and just reached its most overbought level since 1959… At least Santa delivered a little gain for stock investors today… (and the same desperate late day ramp as yesterday) For the…
During the 40 months after Alan Greenspan’s infamous “irrational exuberance” speech in December 1996, the Nasdaq 100 index rose from 830 to 4585 or by 450%. But the perma-bulls said not to worry: This time is different—-it’s a new age of technology miracles that will change the laws of finance forever. It wasn’t. The market cracked in April 2000 and did not stop…
We’ve used data based on the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $2.92, up a penny from last week and up…
Investors have had a great time for most of 2017, as major market indexes broke records on multiple occasions and are on course to create new annual records. Earnings for the S&P 500 increased in each of the last three quarters, with the index likely to report more profits in the October to December time…
Rick Ackerman joins me today to share his thoughts on the move up in gold and the continued strength in the US markets. For gold Rick has a target he is watching before getting too excited. For US markets Rick is seeing more of the same as we enter 2018. (Audio length 00:10:15)
The Bitcoin Peak Might Be In There’s a belief system among long term investors in bitcoin, known as hodlers, that bitcoin will always rally. The concept is if this rally ends in an elongated correction of 50% or more, there will eventually be another rally which brings it to new heights a few years down…
Stock picker Tom Lee has a long track record when it comes to making smart recommendations of stocks to buy. Recently, he entered into the cryptocurrency world and talked about Bitcoin. For those reading this living under a rock, Bitcoin is hot right now, with prices surging over 1,000% in 2017. This post isn’t going to…
Stock picker Tom Lee has a long track record when it comes to making smart recommendations of stocks to buy. Recently, he entered into the cryptocurrency world and talked about Bitcoin. For those reading this living under a rock, Bitcoin is hot right now, with prices surging over 1,000% in 2017. This post isn’t going to…
This holiday season is the best in six years, reversing all the woes in the retail sector stemming from thousands of store closings and a large number of bankruptcies. This is especially true as sales (excluding automobile) climbed 4.9% between Nov 1 and Dec 24, representing the fastest growth since 2011, according to Mastercard’s SpendingPulse…
