The Latest
- Cracks widen for dollar as Iran and India to settle oil outside petro-dollarWhen the U.S. removed the reserve currency from the gold standard in 1971, it quickly needed a new backstop to ensure global trade would continue using the dollar as the primary trade currency. They found this in 1973 through the petro-dollar...
- Congress may threaten President Obama's gun control by restricting DOJ budgetAs President Obama revealed his initiative to sign new gun control Executive Actions on Jan. 4, a Congressman from Texas,Representative John Culberson, quickly swung back by submitting a letter to the Attorney General of the United States that he...
- Weekly market recap: Worst year for the Dow since 2008For the week ending January 1, 2016,the Dow ended 2015 as the worst year since 2008. For this past week, both the Dow and the S&P 500 ended the year in the red while the Nasdaq ended in positive territory; the Dow was down -2.23 percent, the S...
- Stock market preview for the week of Jan 4, 2016The S&P 500 saw three session losses during the past week’s holiday shortened trading week. As a result the week finished with a retreat of 0.83 percent. The weekly retreat was the index’s third loss in the past four weeks and it...
- Weekly market recap: 'Santa Claus' rally kicks inFor the week ending December 25, 2015,the markets rebounded on the 'Santa Claus' rally. For this past week, the Dow was up 2.47 percent and the S&P 500 was up 2.76 percent (ending in positive territory for the year). In other news:oil...
- Stock market preview for the week of Dec 28, 2015The S&P 500 rebounded in the first three sessions before trimming gains slightly during a shortened session on Christmas Eve. The index finished 2.76% higher for the week. Although the S&P 500 finished the holiday shortened week with three...
- China increases free trade at same time U.S. institutes tariffs to hinder itFor about four years now the world has been in the midst of a currency war that grew out of policies made by global central banks to print money through various quantitative easing programs. And as an old axiom goes, currency wars are soon...
- Stock market preview for the week of Dec 21, 2015The S&P 500 rebounded in the first three sessions before turning steeply lower in the final two sessions of the past week. The whipsaw resulted in two significant price direction changes of three percent or greater, the first in a 3.02 percent...
- Weekly market recap: Markets adjust for Fed rate hikeFor the week ending December 18, 2015,the markets responded to the increase in short-term interest rates by adjusting downward. For this past week, the Dow was down -0.8 percent and the S&P 500 was down -0.3 percent. In other news:what happens...
- Weekly market recap: Markets drop as oil prices collapseFor the week ending December 11, 2015,the markets took a beating declining the most since August as crude oil prices fell sharply. For this past week, the Dow was down -3.3 percent and the S&P 500 was down -3.8 percent. In other news:the House...
- Stock market preview for the week of Dec 14, 2015The S&P 500 saw the past week begin to retreat from the previous Friday’s rebound back into the likely resistance in the lower half of the 100 L. The index slid lower in four sessions breaking a three week winning streak with a...
- Slip Sliding AwayStocks started the day in positive territory but then slipped, and the decline coincided with a drop in oil prices, which also went from positive to negative. Oil prices have buckled following the breakdown of OPEC talks last week. We have a price...
- U.S. parades death of ISIS money man while ignoring Turkey's funding of terrorJust as the U.S. government tends to institute the law differently between two sets of people or institutions, so too does Washington pick and choose whom they wish to incarcerate or kill in the ongoing War on Terror. And while the State...
- Mid-week market recap: Markets struggle as crude oil prices declineFor the mid-week ending December 9, 2015, the Dow and S&P 500 are down again as crude oil price drop. In other news: massive insider selling is causing market concerns; oil and gas pipeline stocks are the worst performer in the energy sector;...
- Good to be KingBack to back triple digit losses for the Dow and much of the carnage can be traced to the energy sector and the drop in oil prices. The problem is not just that many energy related companies might suffer losses, but that many of those companies...