Snap Inc., the first tech IPO of 2017, is racing ahead at breakneck speed.
As recently as November, one sell-side analyst thought Snap’s coming out party could result in a whopping $45 billion valuation. As of Snap’s roadshows in London on Monday and in New York yesterday, Snap’s talked-down price range of $14-$16 values it somewhere between $16.2 and $18.5 billion.
That’s the wall it’s staring down – valuations have already tumbled since rumors of the company’s public offering began to surface.
Right now, our market (in whatever terms you measure or define it) has a huge bid under it.
When traders refer to a “bid” under the market, they’re referring to buyers in the wings who are ready to buy something at the posted price or a slightly lower price.
Bidders in the wings can have orders to buy down with their brokers, poised at the ready on a trading platform, or even wait until they get a whim, watching for the right price or feeling to hit them.
What does this mean for the market as a whole? It will go a LOT higher.
It’s easy to make money if you see the big picture, if you can see which way the market is going. Let’s forget about individual stocks for now… there’s only so much success you can have in the stock market if you are unable to step back and see it for what it truly is.
In truth, the market’s been going up steadily since 2009. It will continue going up, and I can prove it by sharing what I understand of the big picture.
I’ll paint for you a stellar background, a clear middle ground, and a compelling foreground.
Unfortunately for America, the track record of government officials coming out of Goldman Sachs to run the Treasury Department and the National Economic Council – two favorite haunts of the bank’s former bigwigs – mirrors the unsavory track record of the bank itself.
It’s not that Goldman Sachs people don’t know how to make money or run the most powerful bank or country in the world… it’s the matter of how they do it that should frighten you.
There’s a slippery track record of Goldman alums who snaked their way around when they held government positions – that’s how the phrase Government Sachs was born.
It’s in your best interest to understand this history that looks doomed to repeat itself.
If you are still sitting on the sidelines, waiting for the “right moment” to jump into the market, Shah Gilani has something to tell you.
On this latest episode of Varney & Co., Shah was asked to defend his stance as a raging bull, and offers the clearest argument for any investor unsure how to begin. He also covers two stocks that he firmly recommends, the way to dip into real estate without owning a home, and just how far the Dow has come.
To get caught up on just about every important aspect of the market right now, click to watch below…
All of Donald Trump’s packaged campaign promises were wrapped in a mostly red, white and blue ribbon slogan: Make America Great Again.
Since taking office, President Trump has been unwrapping those promises in rapid-fire succession.
Last Friday, as part of his deregulation platform, the President signed an executive order calling for the Treasury Department to review the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, a 2300-page law that mandated extensive reforms of the financial industry.
Unfortunately, Making America Great Again has nothing to do with making great big banks bigger and more dangerous again.
When it comes to financial deregulation, we need to separate fake news about banks being held back from lending from the truth about their power, profits and potential to sink America again.
New rules requiring advisors and brokers recommending investments in retirement accounts be held to a “fiduciary standard” are slated to go into effect on April 10, 2017.
But not if President Trump and his deregulation army have their way. They want to delay – and ultimately kill – the new rules.
I’ve written a lot recently about Trump’s deregulation agenda. And as you know, I’m a big proponent of targeted deregulation efforts that remove regulatory burdens while also leaving behind smart, effective rules that protect the American people.
When it comes to deregulation, it makes sense to cut endless pages of superfluous prose.
But throwing the baby out with the bathwater is worse than having a dirty monster child.
And the Labor Department’s pending “fiduciary” rules governing retirement accounts are a perfect example of a well-intentioned regulation in need of some pruning.
If you are looking to understand these new rules in simple terms – as well as the impending fight over whether or not they’ll actually be implemented – you’ve come to the right place.
We are still in the early days of Trump’s presidency, but the markets are riding on hope. As we continue to rally upwards, many are worried about what could push us towards a steep correction.
According to Shah, there’s only one thing that could kill this high.
On this latest appearance on Varney & Co., Shah Gilani details exactly what has created this bid under the market, and what might stand in its path. He also covers the unprecedented nature of the IBM worker’s movement against Donald Trump, and explains why he’s more bullish than he has been in years.
Stocks are notching higher highs, but a lot of would-be investors are still on the sidelines.
Some have been scared of the market forever. Some have been scared since 2008. And some have been scared of getting back in since the election of Donald Trump.
Scared investors who avoid the markets during uncertain times think they’re making the smart play. But being scared doesn’t make you money, it costs you money. Over your lifetime, it will cost you a lot of money.
Many market watchers were blindsided by the strong market rally we’ve been seeing in the past couple of months. And even more are scrambling to figure out what the markets have in store in the coming weeks.
But not Shah Gilani. Not only did he see the Trump-fueled rally coming, he’s already talking about what’s going to happen now that the new administration is in power.
On this latest appearance in Making Money, Shah tells Charles Payne what’s coming next.
Most investors don’t invest in what they know, and don’t know how to invest in the unknowns that scare them.
In 2007, nearly two out of three American adults (about 65%) invested in the stock market. Now, according to a 2016 Gallup poll, only 52% say they have money in the stock market. That matches the lowest rate in Gallup’s nineteen years of tracking ownership trends.
In recent years, American investors have been through the 2008 Financial Crisis and the subsequent Great Recession, then the May 2010 flash crash, the summer of 2015’s two-thousand point drop, and another 2000-point drop in January 2016.
All this wasn’t enough to scare investors out of the market – the Dow’s up more than 210% since its 2009 bear market lows.
But now we’re worried about Trump tweets, political fireworks, a divided America, and global uncertainties.
The truth is, there’s always some unknown out in the market to be scared of. But that doesn’t stop stocks from rallying. That’s why you need to stay in the game.