It’s now a matter of “when,” not “if”… The first U.S./Russian military “incident” in Syria is coming—fast. CBS News reports Russian and American fighter jets flying over Syria have come within 20 miles of each other. And Russian jets have come within “a handful of miles” to U.S. drone aircraft. The radar-based image below shows […]
The “home of the slave” is more like it… MarketWatch reports almost 2 in 3 Americans (62%) don’t even have $1,000 in savings. Twenty-one percent don’t even own a savings account. Seniors over 65 have the highest number of people with over $10,000 in savings (20%). Even so, almost half of them have nothing saved […]
Online broker Scottrade just revealed computer hackers compromised 4.6 million customers’ records. The data include Social Security numbers, email addresses, and physical addresses. CNNMoney reports the hack affects anyone who signed up with the broker before February 2014. Scottrade is now offering all clients one free year of identity-protection services. Pay particular attention to any […]
A stock stuck in a sideways pattern doesn’t produce capital gains. Shareholders are unsure if shares will eventually break out to the upside, or tumble to the downside. This uncertainty plays right into our hands. That’s because as uncertainty—and fear—rises, shareholders are willing to pay more for options “insurance” to protect their positions. We give […]
Wall Street hates this pattern. So do growth-seeking investors.
“We’re transitioning [away] from a low-volatility regime…” So says Mohamed A. El-Erian. He was CEO and co-chief investment officer at investment management firm Pimco with “Bond King” Bill Gross. The two had about $2 trillion in assets under management. In an interview with Yahoo Finance, El-Erian explained what happens as central banks lose their ability […]
From Marvin Schulz, staff writer, Palm Beach Research Group: Cuenca, Ecuador. I woke up to the cat meowing next to our room. My friend, Nicole, was still sleeping. Wide awake, I began jotting down ideas. One of them was this: I want to make a million dollars in my 30s. Nicole opened her eyes. “Good […]