Text size Jeenah Moon / Getty Images 7:18 am Coronavirus cases continue to increase. The earnings season is preparing to begin. And the Dow Jones Industrial Average futures are rising. That is not as contradictory as it sounds. The stock market rebounded on Monday just where it left off on …
Read More »The stock market is poised for a 40% drop, warns the economist who says the current climate looks a lot like 1929
“ “I think we have a second tranche and that is very reminiscent of what happened in the 1930s, where people appreciate the depth of this recession and the disruption and how long it will take to recover.” “ That’s A. Gary Shilling, a longtime economist and president of A. …
Read More »President Trump warns that his 401 (k) could ‘disintegrate and disappear’ if he loses the 2020 elections
How’s your 401 (k) going? With technology stocks leading the way, the Nasdaq Composite COMP, + 1.97% just entered unknown territory. Tesla TSLA, + 9.82% brought out a new high. So did Netflix NFLX, + 2.98%. And Amazon AMZN, + 4.11% It reached $ 3,000 for the first time. Whatever …
Read More »Wall Street Stock Market Outlook Stuns CNBC Host Joe Kernen
“ ‘People are woefully underinvested. There are $ 5 trillion in money market funds. So I think the markets are going up. I think they are going up much more than people think. We can stop here for a while … but I think you’ll get a rocket in the …
Read More »Dow futures are up 400 points to start the week, led by a surge in China markets
US stock index futures rose sharply early Monday to begin the first full week of trading in July, with investors linking at least part of the uptrend emanating from Wall Street to a powerful rebound in China. However, Monday’s optimism in the market contrasts with a continued rise in coronavirus …
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