This Is Why the Dow Jones Crashed Harder Today Than It Has in 33 Years
The Dow Jones fell 2,000 points on Thursday despite a historic intervention from the Federal Reserve. Pledging more than $1 trillion in repo interventions over the next few weeks, Jerome Powell is pulling out all the stops to fight the coronavirus. Dow bulls failed to take the bait, and the stock market quickly reversed most…
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This Cryptocurrency Casino Is the Latest Terrible Idea by Atari
Atari is one of the oldest companies in gaming, but its modern track record is not so great. They recently announced the launch of their own online casino and crypto token. This is a stunningly bad idea for a company with such a poor recent track record. Atari has a troubled history. While the company…
The Dow Skyrocketed Because Boeing Stock Just Got Supercharged
The Dow Jones continued its surge mid-week with another big move to the upside. Bulls carried the Dow more than 1,000 points higher as Boeing flew 30% on hopes of a meaningful bailout. Renowned economist Mohamed El-Erian, who presaged the coronavirus crash, is not confident that the rally is sustainable The Dow Jones skyrocketed toward…
Dow Futures Crash 900 Points as Fed Capitulates To Trump
Dow futures dropped 1,041 points despite a surprise announcement from Federal Reserve Chair Jerome Powell. The Fed made another emergency rate cut on Sunday, this time all the way down to 0%. Donald Trump cheered this effort, but Dow bulls appear unconvinced. In an incredible move reminiscent of the financial crisis in 2008, the Federal…
Dow Futures Reverse Gains Despite Trump’s $6 Trillion Fiscal Bomb
Dow futures rallied after Donald Trump’s top economic adviser unveiled a massive $6 trillion stimulus package for the U.S. economy. These gains rapidly faded, as the stock market failed to move higher after a historic day for the Dow Jones on Tuesday. Worryingly for Wall Street, there doesn’t appear to be a Plan B if…
Dow Futures Dive as Bloomberg Leaks Mnuchin’s 20% Unemployment Fear
Dow futures dropped 600 points overnight after the index up more than 1,000 points Tuesday. Dow bears sold off as Bloomberg broke a report claiming Treasury Secretary Stephen Mnuchin believes U.S. unemployment could reach as high as 20%. Charles Schwab believes that institutional money will be reluctant to sell and could slow the stock market…
Dow Futures Crash 1,000 Points as Fed’s Bullard Cites -50% U.S. GDP
Stock market futures crashed limit down across the board on Sunday as the coronavirus crisis continued. Fueling the capitulation, Fed President James Bullard cited the possibility of a -50% GDP reading in Q2 alongside 30% unemployment. The Dow Jones will face a rocky open unless Congress can somehow pass a funding bazooka to keep the…
The Dow Is Rallying as Warren Buffett Buys the Stock Market Dip
Optimism emerged on Wall Street as stock market volatility finally dropped. The Dow Jones rallied back from three-year lows as billionaires like Warren Buffett and Carl Icahn started buying the dip. Dow bulls must still endure horrendous economic data over the coming weeks. The Dow Jones Industrial Average (DJIA) crept toward gains on Thursday as…
Dow Futures Dive Despite Biden’s Big Win; Trump Misses Virus Briefing
Dow Futures sold off overnight as a shaky stock market gave up a portion of its rally. Donald Trump was a no-show at the White House coronavirus briefing, disappointing stock market bulls hoping for a stimulus package. Joe Biden has all but secured the Democratic nomination with a big win in Michigan, and looks a…
Dow Futures Spike 800 Points as Governments Capitulate to Coronavirus
Volatility raged on in the overnight futures market on Monday, as the Dow 30 mini contract rose by as much as 800 points. The Dow crashed nearly 3,000 points in Monday trading, its worst point drop in history. After shrugging off coronavirus, world leaders have made stopping the disease public health priority number one. Futures…
Here’s How Bitcoin Can Bring Digital Gold Narrative Back to Life
Evidence shows that whales are buying the massive bitcoin dip. Bitcoin’s digital gold narrative was crushed in the recent selloff. If whales are indeed buying the dip, bitcoin can eventually regain its digital gold status. Bitcoin has wiped out many traders over the last few days. The intense selloffs coupled with extreme volatility are shaking…
Elon Musk May Be Mocking Coronavirus for a Ridiculously Selfish Reason
Elon Musk recently tweeted that “coronavirus panic is dumb.” Musk is likely motivated to calm fears as he’s trying to line up a $55 billion payday. He’s shown a suspicious tendency to put money over people in the past. Tesla (NASDAQ:TSLA) CEO Elon Musk graced our presence last week by telling us that we’re all…
How One Bitcoin Trader Lost $11 Million in a Single Day
One bitcoin trader lost 1,220 bitcoin on a single day, worth $11 million before the drop. Accounts using low leverage were also liquidated as BTC dropped by 50%. Similar liquidations can happen again as downtrend intensifies. One bitcoin trader lost 1,220 BTC on March 12, when the price of the dominant cryptocurrency fell by 50…
Bitcoin Crashes Along With U.S. Stocks, Exposing ‘Haven’ Myth
Bitcoin’s price touched an intraday low of $8,620.00, its worst showing in a month. The sudden drop follows a chaotic two days for U.S. stocks, as the Dow crashed almost 2,000 points over that stretch. Gold has rallied in the wake of the stock-market collapse while bitcoin has languished. Bitcoin’s price declined sharply on Wednesday,…
The Real Reason Why Bitcoin Had Its Worst Crash in 7 Years
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