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Thirty years ago today, the US stock market had its worst single day in history. On Oct. 19, 1987, now known simply as “Black Monday,” the Dow Jones Industrial Average lost 508 points. That represented 22.6% of its value. Over the last couple of year, stocks have enjoyed a meteoric rise. The Dow closed above 23,000 […]
Stock markets continue to surge higher on a seemingly endless upward trajectory. On Tuesday, the Dow Jones crossed the 23,000 mark for a time and closed just below that threshold at 22,997. It almost seems like this can go on forever, but Ron Paul said it would eventually come to an end during an interview on […]
The price of gold has fallen four straight weeks, primarily driven down by anticipation of Federal Reserve monetary tightening. The kickoff of the Fed’s balance sheet normalization program and the expectation of rising interest rates have helped spark a dollar rally. But few people seem to be paying any attention to the pitfalls of quantitative […]
