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The stock market's death cross is particularly bad news this time around, Bank of America saysA death cross forming in the S&P 500 is never a welcome development. But the current death cross is notably negative, the bank says. Helloooooo depreciation of the US dollar 🙃
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks are down after a volatile 2018, but that’s not the whole pictureSee how much money you would have if you invested at various points in the last two decades. SOzLKSWOT DonnieDisaster When POTUS was inaugurated the DOW was 19400, Now the DOW is 23600. So cut it out, market is up substantially under POTUS. STOP THE FAKERY
Source: washingtonpost - 🏆 95. / 72 Read more »
Pay off all your debt before investing in stocks'The No. 1 question I get as a financial writer is: 'Why should I pay down my debts? I can earn more than that in the stock market.' Uh, no, you can’t.' -- dailydirtnap dailydirtnap I’d like to see some actual math behind this thinking. This article is based on the “feeling” of freedom and not numbers. dailydirtnap Does this not depend on what part of the cycle the economy is in? In the last three years, the interest rates were low and the returns on the stock market were much higher. Is this not why they have margin accounts? dailydirtnap Suppose I had a 1.5% mortgage. Alternatively I could make 10% after tax with a fund such as $NOBL. Finally suppose I had $1000 cash. Would I prefer to miss out on $100 return to save $15 interest? I doubt it. Make regular payments on mortgage & invest the rest. Gain: $85/yr
Source: MarketWatch - 🏆 3. / 97 Read more »
For the stock market, jobs report reaction shows bad news is good news nowThe government's nonfarm payrolls report showed growth of 155,000. Though that's still a pretty healthy level of gains this late into an expansion, it could be enough to make the Fed hesitate about its plans to keep raising interest rates. Because the Fed might slow down on hikes? That's my guess & terrible if that's the case. Rates need to keep moving up.
Source: CNBC - 🏆 12. / 72 Read more »