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Wall Street investors are giving contradictory advice at every stage of this stock market downturn. They each have their own agenda and positions to pump when they go on CNBC. Retail investors will get burnt trying to follow every analyst call right now. The last few weeks have been brutal for the average stock market…
The Dow Jones snapped back into decline on Wednesday. Stock market bulls recoiled as they came face to face with some horrific U.S. economic data. Billionaire Ray Dalio is back with another bold prediction. The Dow Jones recoiled on Wednesday as investors confronted horrific economic data that dented the resolve of even the most resolute…
“Hell is coming.” Billionaire Wall Street hedge fund manager Bill Ackman made $2.75 billion betting against markets in February. Then he went on CNBC to stoke markets’ coronavirus fears. He gave a hell, fire and brimstone declamation that drove his bets home. Looking over the timeline, what Ackman did isn’t as bad as it sounds…
Morgan Stanley analyst Katy Huberty claims the coronavirus epidemic is bullish for Apple stock thanks to App Store purchases. The reasoning provided is silly as the hardware business accounts for the majority of Apple’s business and will suffer a massive setback. Due to rising prices of necessities, people will be reluctant to spend on Apple’s…
The Dow Jones had its upward momentum sharply arrested after a bombshell news leak alleged that President Donald Trump was considering limiting US portfolio inflows to China and booting Chinese firms from US stock exchanges. This “nuclear option” disturbed a stock market that had been enjoying a better than expected Michigan consumer sentiment release and…
