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This Says Our Favorite Biotech Is Off to the Races

Shares of a promising biotech we recommended back in February 2013 – jumped as much as 27% to a three-month high of $14.20 yesterday after the company said a new cancer drug met its main goal in a midstage clinical trial.

Its shares backtracked a bit as the day progressed but still closed 17.6% higher for the session. These shares have advanced 361% since we first told you about them. The stock has generated a peak gain of 456%, making it one of the 31 recommendations we’ve made to you that have doubled or better since we launched Private Briefing in August 2011. (More on that later…)

  • Featured Story

    New Evidence Shows Ratings Agencies' Corruption Played Key Role in Subprime Crash

    Mounds upon mounds of corruption were at the root of the subprime financial crisis.

    Our hatred of the fat cat bankers who made millions off of predatory loans, and the lazy regulators, who did nothing about it and even enabled it, knows no bounds. Even more infuriating is the lack of consequences for what they did.

    But somehow, a key player has managed squeak by - until now. As a result of 2 major lawsuits, incriminating documents have been piling up that prove - without a doubt - that ratings agencies like Moody's and S&P played a *huge* part in the scam.

    Turns out that for years, Moody's and S&P have been "shameless tools for the banks, willing to give just about anything a high rating in exchange for cash."

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  • credit crisis 2008

  • The Stage Has Been Set For Another Credit Crisis If you think yesterday's market action was something to worry about, you ain't seen nothing yet.

    President Barack Obama getting re-elected sets the stage for another credit crisis.

    When the president came into office in 2008 he had a mandate to fix the banking system, which consisted of too-big-to-fail banks holding America and its economy hostage to their greedy schemes.

    He swept that mandate under the door of Congress and the Federal Reserve.

    The president has no position on the big banks, and it seems he likes it that way.

    By lightening up on his already watered-down rhetoric about making banks toe the line, he got campaign money from them. So did Congressmen. That money came from the Federal Reserve.

    Now that the president has won a second term, he's not about to fight Congress over their pandering to the big banks, since he's got other things to fight with them over; rather, he's going to advocate a lite-touch going forward to allow banks to continue to strengthen their balance sheets so they can fuel an American recovery.

    It seems to be all happening under the cover of darkness. And, it's not going to work.

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