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In This Market, Don't Drink the Kool-Aid

Stocks hit new records last week as central banks around the world continued writing checks to prop up still struggling economies, the price of oil stabilized, Vladimir Putin lured the West into a phony truce in the Ukraine, and Athens and the EU tried to pretend that Greece isn't hopelessly insolvent or that it even matters if it is or isn't.

In other words, investors were once again all too willing to ignore economic reality and drink the Kool Aid being served by central bankers and politicians.

We might as well call this the "Jonestown Market" because the cult leader Jim Jones could just as easily be handing out paper cups filled with colored water and investors would be swilling it down...

Stock Market Today

S&P 500 Closes at New Record High Friday

The S&P 500 gained 8 points today to close at a new record high. The cause? Positive macro-economic forces spreading across Europe.

The Russia-Ukraine ceasefire, improved data on the German economy, and improving prospects for a Greek debt agreement pushed stocks higher.

Here are the top market stories from today - plus our new profit tip for investors...

Yahoo Stock

Why Yahoo Should Buy Jon Stewart (YHOO)

Yahoo should buy Jon Stewart

Former interim CEO of Yahoo! Inc. (Nasdaq: YHOO) Ross Levinsohn thinks so.

Here's why this idea could gain some traction...

Investing Tips

This One Risk Management Tool Made the Difference Between Bankruptcy and $13 Million

Proper risk management is the only thing standing in between your portfolio and catastrophic loss. It's not the most exciting part of investing, but it is the most important.
There's one powerful tool that stands above all others – it boosts your profits and mitigates risk.

Here's everything you need to know...

Currencies

Swiss Franc Hurts Homeowners but Could Be a Boon for Investors

When the Swiss National Bank de-pegged from the euro last month, the fallout was massive.

One dramatic example of its impact was that felt by Miami-based hedge fund manager Everest Capital. The firm's largest single fund lost nearly all its capital, $830 million in assets, thanks to heavy bets that the Swiss franc would decline.

Alpari U.K., a foreign exchange broker, became insolvent. New York's FXCM, an online foreign exchange trading firm, got a $300 million lifeline from Leucadia.

But just like the subprime mortgage debacle in the United States, small retail investors are caught in the crosshairs too.

Don't let yourself be one...

Tesla Stock

Tesla Stock Predictions: These Headwinds Are Hurting TSLA Today

Tesla stock took a beating today.

Tesla Motors Inc. (Nasdaq: TSLA) stock had fallen 5.4% by 1:55 p.m. EDT to $201.20 a share.

And culprit is clear: weak Tesla earnings. Here’s why the company is facing a lot of headwinds…

Apple Stock

Dear Money Managers: Not Buying AAPL Stock Is "Financial Suicide"

Apple Inc. (Nasdaq: AAPL) stock has been grabbing a lot of headlines.

Just look at its market cap. And its cash holdings. It's a juggernaut in every sense and definitely a buy.

Here's why not investing in Apple stock is "financial suicide..."

stock picks

Our 3 New Best Stocks to Buy: Picks in Tech, Cybersecurity, and Robots

Our group of Money Morning experts are constantly picking the best stocks to buy to build a strong portfolio – all for free.

This week includes two tech stocks and a cybersecurity ETF.

You can find all of last week's recommendations here in our newest list of the best stocks to buy now...

Global Economy

After Eurozone Meeting Today, Will Greece Play Russian Wild Card?

As an emergency Eurozone meeting today (Wednesday) convenes to discuss a possible Greek debt deal, observers are underestimating Greece.

Surely Germany holds all the cards in negotiating a Greek debt deal, and has a lot of power how much austerity Athens may have to stomach.

But Greece is not without a wild card of its own...

IBM Stock

4 IBM Blunders That Gave Big Blue's Competition the Edge (NYSE: IBM)

International Business Machines Corp. (NYSE: IBM) used to be an innovator in tech.

But now it's turned into a secondary tech consulting firm behind the scenes of an ever-growing sector.

None of this is new. IBM has dropped the ball many times. Here is what led IBM to where it is now...