Bitcoin is in a bubble, make no mistake. Bitcoin fails, or is at least suspect, as a currency in several ways: A storehouse of value, a unit of account and a medium of exchange. When excessive optimism far outweighs normal rational expectations, crashes occur — and this will be the case with bitcoin. By Ron Insana, CNBC Can bitcoin be...
As the proverbial dust from hurricane Harvey starts to settle and the literal storm waters continue to secede, investors — and energy investors in particular — can start to assess the storm's impact and what it may mean for oil and gas prices going forward. Unfortunately, the picture isn't crystal clear yet, though it might be more accurate to suggest...
As the proverbial dust from hurricane Harvey starts to settle and the literal storm waters continue to secede, investors — and energy investors in particular — can start to assess the storm's impact and what it may mean for oil and gas prices going forward. Unfortunately, the picture isn't crystal clear yet, though it might be more accurate to suggest...
Earlier this week our Index Options Timer service booked 19% gain on a credit spread trade on the iShares 20+ Year Treasury Bond ETF (TLT)… a bearish bet, essentially. In the grand scheme of things this trade wasn't all that different from any of the other trades we take on in the IOT newsletter. But, in that this particular position...
Earlier this week our Index Options Timer service booked 19% gain on a credit spread trade on the iShares 20+ Year Treasury Bond ETF (TLT)… a bearish bet, essentially. In the grand scheme of things this trade wasn't all that different from any of the other trades we take on in the IOT newsletter. But, in that this particular position...
By Annie Pei, CNBC A striking streak in the S&P 500 Index has Ryan Detrick of LPL Financial calling for a market slip. As of Thursday, it had been exactly 10 months since the S&P 500 saw a pullback of 3 percent, Detrick pointed out. That makes this only the second-longest streak without a 3 percent pullback that has been...
By Annie Pei, CNBC A striking streak in the S&P 500 Index has Ryan Detrick of LPL Financial calling for a market slip. As of Thursday, it had been exactly 10 months since the S&P 500 saw a pullback of 3 percent, Detrick pointed out. That makes this only the second-longest streak without a 3 percent pullback that has been...
Goldman Sachs strategist David Kostin said subdued optimism and a strong consumer will stand in the way of a stock market correction. Kostin has a 2,400 target on the S&P 500 this year, implying a 2.5 percent decline from Friday's close. Pessimists worry that stretched valuations, tighter Fed policy and other factors will lead to a correction. By Jeff Cox,...
Goldman Sachs strategist David Kostin said subdued optimism and a strong consumer will stand in the way of a stock market correction. Kostin has a 2,400 target on the S&P 500 this year, implying a 2.5 percent decline from Friday's close. Pessimists worry that stretched valuations, tighter Fed policy and other factors will lead to a correction. By Jeff Cox,...
Technically speaking, the market is still in a bullish mode. It's the most lethargic bullishness one could possibly imagine though, with most of the key indices one bad day away from being back on the wrong side of the table. Never even mind the fact that the market actually lost a little ground last week. So once again, investors are...
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