Authord by Ben Levisohn via Barrons,
In the rise of computer-driven trading, some hear echoes of the stock market’s 1987 crash. Beware the feedback loop...
Black Monday. Although the event to which those two words refer occurred 30 years ago, they still carry the weight of that day—Oct. 19, 1987—when the Dow Jones Industrial Average shed nearly a quarter of its value in wave after wave of selling.
Following President Trump's United Nations' speech threats to "totally destroy" North Korea, lambasting the North's leader Kim Jong-un as "a rocket man on a suicide mission," it appears he is not the only one capable of public and aggressive hyperbole.
As The Independent reports, propaganda fliers presumed to be from North Korea and calling US President Donald Trump a “mad dog” have turned up across central Seoul, including near the presidential Blue House, according to posts on social media and people who found them.
After some initial confusion, Netflix stock surged after hours, a repeat of what it did last quarter, soaring above its all time high price, up over 2% after reporting Q3 numbers which while beating slightly on revenues ($2.99Bn, Exp. $2.97Bn), and beating modestly on non-GAAP EPS (GAAP EPS$0.29, non-GAAP EPS $0.37, exp. $0.32), were far more remarkable for the subscriber numbers, which smashed expectations as follows:
Iraq's military has effectively gained control of major assets and government buildings in Kirkuk city, and is now set to fully pacify it after overnight clashes at a moment when oil prices rose toward a six month high as the conflict now threatens output.
Richard Sylla: 70% to 80% Chance of Another Global Financial Crisis
Written by Peter Diekmeyer, Sprott Money News
When Janet Yellen, Chairman of the US Federal Reserve, said in June that she does not expect another financial crisis in our lifetime, eyebrows were raised.