Wall Street Breakfast: Must-Know News [View article]
One more big decline in the market coming? It took two years for the tech bubble burst to be dealt with by the market and only a few million investors were affected. Now every consumer is being killed by inflation and wage stagnation and every homeowner is hit by a decline in their equity and limitation on HELOC borrowing, the real underpinning of the "prosperity" over the last several years. And this this bear leg in the current market, not yet one year young, will be over shortly with just one more decline? What are you smoking?
Phil has a staff to handle the details and keep his portfolio straight and constantly monitored. With $100M a month coming in from the wannabes he can well afford the best of these services. Us Shmucks out here don't have that luxury. We have to run our own spreadsheets or die trying.
The most recent spike in oil looks like short covering. Until the shorts come back into the oil market it is clear sailing to the upside as index funds and other investors stake their positions. Commodities are where the action is and oil is at the epicenter. The ETF/ETN industry has a marvelous array of products aimed at John Q. Investor. Money will flow in that direction.
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
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