Will the stock market drop 20% or 48% from the peak? Here’s the key factor, says this strategist.

Will the stock market drop 20% or 48% from the peak?  Here’s the key factor, says this strategist.

“Is the economy under control or is it spiraling out of control? That’s the million-dollar question traders continue arguing over, ”sums up CrackedMarket blogger Jani Ziedins. Clearly, the latter argument prevailed – again – after Wall Street’s worst day in two years, and futures hinting of more pain for Thursday. Among the gloomsters, Guggenheim’s Scott … Read more

Bill Cosby lawyers cry foul as civil sex assault trial looms

Bill Cosby lawyers cry foul as civil sex assault trial looms

SANTA MONICA, Calif. – With jury selection less than a week away, attorneys scrambled to deal with shifting evidence Tuesday in Bill Cosby’s civil trial over allegations that he sexually assaulted a teenage girl at the Playboy mansion nearly 50 years ago. Plaintiff Judy Huth said in a recent court filing that she now believes … Read more

Terra crash sharpens Washington’s attention on crypto regulations

Terra crash sharpens Washington’s attention on crypto regulations

The collapse of the stablecoin TerraUSD USTUSD, + 1.03% has made waves in Washington, attracting the attention of the nation’s top policymakers and adding urgency to an ongoing debate in Congress about cryptocurrency regulation. At its peak in early May, TerraUSD, also known by its ticker UST, was the third most popular stablecoin, with a … Read more

Gloomy Goldman offers 20 ‘safety’ stocks with valuations below the previous 2 bear markets

Gloomy Goldman offers 20 ‘safety’ stocks with valuations below the previous 2 bear markets

It’s tight quarters in Wall Street’s bear sleuth these days. Goldman Sachs just downgraded their 2022 US growth forecast (to 2.4% from 2.6%) and 2023 (to 1.6% from 2.2%), as senior chairman Lloyd Blankfein warned of “very, very high” risks for a US recession. “If I were running a big company, I would be very … Read more

El Salvador’s President Went All In on Bitcoin. Then It Tanked.

El Salvador’s President Went All In on Bitcoin.  Then It Tanked.

The plunging value of bitcoin has hurt investors in cryptocurrency everywhere. The stakes are especially high in El Salvador, the indebted Central American country whose president has spent hundreds of millions of dollars in taxpayer money buying bitcoin and rolling it out as a national currency. The country’s planned placement of an exotic $ 1 … Read more

This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%

This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%

Markets are off to a stronger start on Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging prices all over and uncertainty over what central banks can do about it, investors may not get that … Read more

The clock is running out for Congress to pass Big Tech antitrust bills this year

The clock is running out for Congress to pass Big Tech antitrust bills this year

Nearly three years ago, when the Justice Department and Federal Trade Commission launched probes into the business practices of Big Tech, antitrust experts and legal talking heads declared a new age in enforcement and a chastening of unbridled financial power. But a pandemic and countless bill markups later – amid feverish lobbying efforts by Apple … Read more

Opinion: The S&P 500’s charts are pointing to more stock-market losses

Opinion: The S&P 500’s charts are pointing to more stock-market losses

This past week, the S&P 500 index plunged to new relative lows. It is now trading at prices last seen in March 2021. This latest move downward violated support at 4100-4200 and prompted a swift move down toward possible support at 3900. The next support area below that is 3700 – the lows of February … Read more

Oil prices are surging – these eight stocks are still bargains for long-term investors

Oil prices are surging – these eight stocks are still bargains for long-term investors

The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020. Even though the energy sector … Read more

Opinion: You can now use bitcoin to pay college tuition — but should you?

Opinion: You can now use bitcoin to pay college tuition — but should you?

Coming soon? Nah, it’s already here: you can pay for college tuition with bitcoin. Bentley University, a small business-focused private university outside Boston, now lets undergrads pay with bitcoin, BTCUSD, -4.67% Ethereum ETHUSD, -5.79% and the USD stablecoin USDTUSD, -0.13%. The University of Pennsylvania’s Wharton School of Business accepts crypto for its $ 3,800 six-week … Read more