This was a brutal week for the stock market. The Dow was down over 1,400 points to close at 23,553, declining 5.7% which puts it in negative territory for the year, down 4.8%. The S&P was down 6% for the week and is now down 3.2% for the year. The NASDAQ had the worst week, down 6.5%, but is still up 1.3% for the year. Facebook and Amazon both lost $75 billion in market cap last week. While Amazon and Netflix also declined last week they ...
Could a bear market in stocks bolster Bitcoin and gold? Bitcoin will likely benefit if stocks suffer a "major pullback," stated Tim Enneking, managing director of Crypto Asset Management. Many market observers are closely watching the relationship between the stock market and Bitcoin, noted Mati Greenspan, senior market analyst for social trading platform eToro. "So far we haven't seen any flows from the stocks into Bitcoin," he stated, ...
Investors have a short memory when it comes to stock market crashes. For a simple reason: crashes do not last long, as central bankers come to the rescue with lower interest rates that make alternative investments less appealing. The trouble is that central bankers don’t lower interest rates, forever. In fact, they raise them as soon as there are signs that the economy is overheating and inflation heads above official targets. In either ...
Go to Profile
Mark as Read