U.S. Stocks Have Fallen For 5 Weeks In A Row – That Is The Worst Stock Market Streak In Almost 8 Years

U.S. Stocks Have Fallen For 5 Weeks In A Row – That Is The Worst Stock Market Streak In Almost 8 Years By Michael Snyder We haven’t seen stock prices slide like this in a long time, and if this keeps up we could soon be looking at an avalanche.  Our rapidly escalating trade war with China and more bad U.S. economic numbers pushed stocks down once again this week, and at this point the Dow Industrial Average has now fallen for five weeks in a row.  We haven’t seen…

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A Surprise Announcement Has Just Unleashed Another Wave Of Panic On Wall Street

A Surprise Announcement Has Just Unleashed Another Wave Of Panic On Wall Street By Michael Snyder Well, that sure didn’t take long.  Many had been hoping that 2019 would be a calmer year for Wall Street, but so far that has not materialized.  In fact, a surprise announcement by Apple has just sparked another wave of panic selling on Wall Street.  In a letter to shareholders, Apple CEO Tim Cook admitted that first quarter revenue is going to be way, way below expectations.  That immediately set off “flash crashes” all…

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Fake Markets and Return of the “Plunge Protection Team”

Fake Markets and Return of the “Plunge Protection Team” By Clint Siegner It’s amazing what passes as a market these days. Stocks rallied during the Christmas week, and the mainstream financial press would like you to believe bargain hunters swooped in after the weeks of heavy selling to grab some deals. The truth is there are very few actual people still evaluating the merits of publicly traded companies. The markets are driven by programmed trading and central planning. The artificial nature of markets was on full display last week. Let’s…

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It’s Up, It’s Down, It’s Done — a Day in a Year of the Dow.

It’s Up, It’s Down, It’s Done — a Day in a Year of the Dow. By David Haggith The market’s last chaotic day closed in a way that befit the entire year. Up, down, up harder, down harder, and done! It looked like the violence of the day may have come from the Plunge Protection Team attempting to push the market up in the middle of the afternoon, except that the middle of the afternoon doesn’t fit the PPT’s MO because the birthing-sized push didn’t come in the PPT’s usual…

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This Bear Ain’t Playin’ Games with the Bulls

This Bear Ain’t Playin’ Games with the Bulls By David Haggith This ain’t no ballgame. This bear has shown up for blood, not sport. The NASDAQ intraday hit the 20% down mark that is widely regarded as qualifying for a change from a bull market to a bear market. A close at that level would have made it as official as a declaration of a bear market gets. As can be expected, the major index whose stocks played the largest role in forming the bull market of the last decade…

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U.S. Accused Of “A Declaration Of War” Against China As Stock Market Teeters On The Precipice Of Disaster

U.S. Accused Of “A Declaration Of War” Against China As Stock Market Teeters On The Precipice Of Disaster By Michael Snyder Things are sure getting wild on Wall Street.  On Thursday, the Dow Jones Industrial Average plummeted almost 800 points before roaring back and recovering nearly all of those losses.  The Dow closed just 79 points lower for the day, and if you only looked at the final number you would be tempted to believe that there is not much reason for concern.  But these wild swings up and down…

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George Soros Sold Huge Amounts Of Facebook And Netflix Just Before Tech Stocks Crashed

George Soros Sold Huge Amounts Of Facebook And Netflix Just Before Tech Stocks Crashed By Michael Snyder George Soros avoided a loss of more than 17 million dollars by dumping shares of Facebook, Netflix and Goldman Sachs just before the big crash started happening.  In other words, he made out like a bandit by selling at the peak of the market.  Is he smarter than all the rest of us, did he have some inside information, or was he simply lucky? In recent months, tech stocks have lost approximately a…

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Global Banking Stocks Are Crashing Hard – Just Like They Did In 2008

Global Banking Stocks Are Crashing Hard – Just Like They Did In 2008 By Michael Snyder Global stocks are falling precipitously once again, and banking stocks are leading the way.  If this reminds you of 2008, it should, because that is precisely what we witnessed back then.  Banking stocks collapsed as fear gripped the marketplace, and ultimately many large global banks had to be bailed out either directly or indirectly by their national governments as they failed one after another.  The health of the banking system is absolutely paramount, because…

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Global Markets Continue To Fall As Bloomberg Warns “The Next Financial Crisis Is Staring Us In The Face”

Global Markets Continue To Fall As Bloomberg Warns “The Next Financial Crisis Is Staring Us In The Face” By Michael Snyder It looks like it could be another tough week for global financial markets.  As the week began, markets were down all over the world, and relations between the United States and Saudi Arabia have taken a sudden turn for the worse.  That could potentially mean much, much higher oil prices, and needless to say that would be a very bad thing for the U.S. economy. It has really surprised…

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The Stock Market Just Crashed In Italy, And Argentina Has Panic-Raised Interest Rates To 65 Percent

The Stock Market Just Crashed In Italy, And Argentina Has Panic-Raised Interest Rates To 65 Percent By Michael Snyder In the 9th largest economy in the world, the financial markets are crashing, and in the 21st largest economy in the world the central bank just raised interest rates to 65 percent to support a currency that is completely imploding. While the mainstream media in the United States continues to be obsessed with all things Kavanaugh, an international financial crisis threatens to spiral out of control.  Stock prices are falling and…

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