Stocks are expanding their streak today as measures continue to be taken to combat the economic effects of the coronavirusWhile a record spike in weekly jobless claims put the Dow Jones Industrial Average (DJI) underwater this morning, the blue chip index has more than made up for the dip, rising over 1,000 points by the midway mark. The blue chip index is now eyeing its third-straight win, joi...Read More
Markets are closed on Friday, but there will still be some economic data to unpackThe first full week of April will be relatively scant, with markets closed on Friday for the Easter holiday. There will be just a sprinkling of of economic data for traders to digest throughout the week, including the Job Opening and Labor Turnover Survey (JOLTS) and the Federal Open Market Committee's (FOMC) latest...Read More
No less than three analysts have cut their price targetsTarget Corp (NYSE:TGT) is pushing through bear notes today, up 2.6% to trade at $93.44 this morning. Yesterday, Target withdrew its first quarter and fiscal year forecast due to the pandemic and delayed its remodeling to help with supplies for those who need it. Today, no less than three analysts have cut their price targets -- the lowest co...Read More
Micron posted third-quarter earnings and revenue that exceeded expectations Semiconductor specialist Micron Technology Inc. (NASDAQ:MU) is brushing off this morning's broad-market selloff after stepping into the earnings confessional. The equity is up 4.7% at $44.50 in pre-market trading after the firm posted fiscal-second quarter profits of 45 cents per share, and $4.80 billion in revenue, exceed...Read More
Weekly jobless claims surged to a record 3.28 million last weekFutures on the Dow Jones Industrial Average (DJI) are looking at triple-digit losses at the open, while Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) futures are also swimming in red ink ahead of the bell. The record-setting surge in weekly jobless claims to 3.28 million is sending stock futures lower, right on the heels of an i...Read More
The market crashes from the pandemic has shown that some assets are "fake" said best-selling author Robert Kiyosaki, as "manipulated" assets are finally showing the American public how corrupt the capitalist system is."The good thing is, people as they sit in quarantine, as they lose their jobs, their homes, their pensions, their businesses and all this, I think they're waking up at [the fact that...Read More
TOPICS IN THIS INTERVIEW:2:25 - This calamity was brought on by a fragile infrastructure...5:25 - The Fed didn't learn anything from 2008.8:25- Trillions of dollars worth of buying happening in 10 days.17:55- Response to Covid 1919:50 Capitalism doesn't have a death wish23:25 Boeing handouts or hands chopped off momentDavid Stockman is a former Republican congressman from Michigan and was Presiden...Read More
The Dow had the biggest rally today since 1933 during the Great Depression.Physical gold market is selling out of inventory.Stimulus package dragging on as Democrats pack in the porkbarrel.The digital dollar is coming.Pandora's box has been opened on landlords.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his...Read More
"The smart money is seeing the fake money being printed, and they are going into gold. Now hear this. Just like the crummy, slimy politicians going after your Constitutional rights and Bill of Rights, they are going to go after your gold. They did it in the last Great Depression, and they are going to do it in the Greatest Depression. You mark my words."Gerald Celente is a pioneer trend strategist...Read More
To Watch Update #55, CLICK HEREGovernments around the world are struggling to answer: What's the bigger priority, saving lives or the economy? Lots of strong opinions on both sides and not lot a lot of agreement (yet). China-style lockdowns are hard for most leaders to swallow, as they result in gut-wrentching economic losses, mass job layoffs, and supply shortages. But keeping people at work or r...Read More
John Rubino believes it is now time to buy gold before the dollar value falls.John Rubino is the founder and manager of the popular financial website DollarCollapse.com. Mr. Rubino is the co-author, with GoldMoney's James Turk, of The Money Bubble and The Collapse of the Dollar and How to Profit from It. He spent the 1980's on Wall Street as a Eurodollar trader, equity analyst and junk bond analys...Read More
"It's really much closer to a major snowstorm or a natural disaster than it is to a classic 1930s-style depression."Continue...Read More
"To save India and every Indian, there will be a total ban on venturing out," Modi said Tuesday.Continue...Read More
James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Show," Bloomberg TV, CNBC and other well-known financial news sources. His j...Read More
NOTE: The vote on the bill has been delayed, but it's coming (I only just saw that after I finished recording) Six Trillion Lies - the latest plan to 'save the US economy' sounds great to most people at first glance, but as Mike Maloney explains in today's update - when you take a look under the hood of the economy, the original parts just aren't there any longer. Buyer beware. How did this happen...Read More
Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
The United States and Saudi Arabia have been floating the idea of setting up a new oil cartel, Bloomberg reports, citing Energy Secretary Dan Brouillette.Continue...Read More
Continue...James Turk has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His career began at Chase Manhattan Bank (now JPMorgan Chase & Co.), which included assignments in Thailand, the Philippines and Hong Kong. He subsequently joined the investment and trading company of a pro...Read More
Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pursuit of thrills and opportunities, gaining valuable knowledge and experience. With Wealth Research Group, Lior allows readers access into the world of the few who beat the markets consistently for decades...Read More
The Federal Reserve is the largest holder of Real Estate on the planet. How did they do it? It was actually pretty simple...they created trillions of dollars of counterfeit currency and used it to bid assets away from ordinary people, while also buying endless amounts of Mortgage Backed Securities. Join Mike Maloney as he explains how the Fed's reckless actions will lead to the world's economies a...Read More