There is nothing in the market’s way right now. While stocks travel the path of least resistance, how soon will the Dow Jones Industrial Average hit 18,000 and beyond? Shah talked with Stuart Varney on Fox Business on Monday about a year-end rally – and the one stock that will profit the most from these peak prices.
Talk about putting your foot in your mouth. This would be funny if it wasn’t sickening.
During congressional questioning on Friday, Sen. Elizabeth Warren (D. Mass.) commented that the U.S. Federal Reserve‘s job is like that of “a cop on the beat.”
And that’s when New York Fed President William Dudley inserted a foot in his big mouth.
He responded, “I don’t think our primary purpose as supervisors is a cop on the beat, it’s more like a fire warden; make sure that the institution is well run so that, you know, it’s not going to catch on fire and burn down. And managed in a way that if the institution is stressed that it doesn’t collapse and threaten the rest of the financial system.”
As we head into the final weeks of 2014, many stocks are at all-time highs. Among others, Target Corp. (NYSE: TGT), Keurig Green Mountain Inc. (Nasdaq: GMCR) and Microsoft Corporation (Nasdaq: MSFT) are all at or close to their historic peaks.
There’s a lot of action over in the subprime auto sector, and it’s not pretty
The saying is “Where there’s smoke, there’s fire.” So, it’s probably just a matter of time before the mainstream media and the general public catch on and see the flames being vigorously fanned by greedy lenders.
It’s the same old story – and one I’ve recounted here before.
Lenders are making subprime auto loans to low-income (and no-income) borrowers, most of whom are down on their luck. And the lenders are teeing those folks up to hit them out of the park again.
The name of the game is yield. That’s what it’s been since the U.S. Federal Reserve started manipulating interest rates further and further down.
Yield-hungry investors want more income. Fee-hungry bankers want to deliver it to them. And car-hungry buyers are getting suckered.
A lot of the country’s current economic “optimism” is predicated on surging auto sales. So, maybe the state of the economy isn’t as rosy as the president, Congress and the media would like us to believe.
Shah appeared on Varney & Co. on Wednesday to tackle one of the biggest concerns heading into the spending season – security. Will shy retail shoppers affect the future of stocks like Alibaba Group Holding Ltd. (NYSE: BABA) and Amazon.com Inc. (Nasdaq: AMZN)?
That’s what I told you all earlier this week when I answered one of your questions about how to start making money in the trading markets.
Get started by taking positions in stocks, exchange-traded funds (ETFs) or whatever it is that you know something about. Next, learn more about what you don’t know, and then keep learning.
The second basic principle when you get started is that you have to be OK with losing some money – but never lose more than you can laugh off. And you must learn from every loss. Understand what happened and why.
Of course, there’s a lot more to it than that. So today I’ll answer some more of your questions.
Consider these columns the first couple chapters of our How-to-Make-Money Manual.