Last Friday, when looking at the historic, record lows in September volatility and the daily highs in US and global equity markets, BofA's chief investment strategist Michael Hartnett said that the "best reason to be bearish in Q4 is there is no reason to be bearish."
An Accountant Smells a Rat
Written by Peter Diekmeyer, Sprott Money News
Twenty years ago, Doug Noland was so worried about imbalances surrounding the dot.com boom that he began to title his weekly reports “The Credit Bubble Bulletin. Years later, he warned the world about the impending 2008 crisis.
However a coming implosion, he says, could be the biggest yet.
Thanks to Goldman, Disney, and3M, The Dow has surged this morning, topping 22,500 for the first time as Nasdaq has suffered since Europe closed...
Nasdaq dipped red briefly..
It seems European markets closing prompted selling in Tech stocks...
It appears Europe's close also sparked a buying panic for value stocks...
And here's why...
A broken market fixes all ills.
While JPMorgan CEO Jamie Dimon said he "would fire" any employee found trading Bitcoin, Goldman Sachs' leadership is embracing reality as WSJ reports the bank is weighing a new trading operation dedicated to bitcoin and other digital currencies.
On the heels of IMF Chief Christine Lagarde's comments that:
Authored by Lance Roberts via RealInvestmentAdvice.com,
As the stock market hits all-time highs in its 2nd longest bull market run in history, the lift of asset prices has surely lifted the economic prosperity of all. Right?
Not really.
New reports from the Hamilton Project and The Federal Reserve show the real problems facing Americans today.