Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.


Two Safe Ways to Profit From the "Alibaba Shockwave Effect"

In the mid-1990s, I was fortunate to meet and start working with an Upstate New York money manager named Anthony M. Gallea.

The relationship began when I attended and wrote stories about some of the investment seminars he periodically held for prospective and existing clients. He then became a “source” for some of the investment stories I periodically wrote for Gannett Newspapers. And we ultimately collaborated on a pretty successful book about “Contrarian Investing” that was published by Prentice Hall.

Along the way, Tony shared some pretty important snippets of investing wisdom…

  • FOMC Meeting Today Saves Big News for Next Month FOMC meeting today

    The U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting today went according to plan, as the Fed will continue to taper bond purchases and is maintaining hushed tones on interest rate increases after the third round of quantitative easing (QE3) ends.

    As far as monetary policy is concerned, nothing changed.

    With business as usual at the Fed, here are the key takeaways from today’s Fed meeting…
  • Dow Jones Today Will Be Watching FOMC Meeting Closely Dow Jones Today

    Dow Jones Today, September 17, 2014: The Dow Jones Industrial Average rose Tuesday after investors took a hard look at language used by the U.S. Federal Reserve and expected the central bank to be less hawkish on interest rates in the near term.

    Yesterday, the Federal Open Market Committee kicked off a two-day meeting, where the central bank will be under intensive scrutiny from investors to determine what action Fed Chairwoman Janet Yellen and her team will take on interest rates in the next nine months.

    Here's what else you should know to make your Wednesday profitable:
  • DJIA Soars 100 Points Today as Rising Oil Prices Lift Energy Stocks 20140916_DJIA_UPS2

    The DJIA rose Tuesday after investors took a hard look at language used by the Federal Reserve and expect the central bank to be less hawkish on interest rates in the near term.

    Today saw strong its strongest gains in the energy sector, fueled by rising oil prices. Brent crude, priced in London, increased 1.4%, while U.S. crude futures in New York were up 2%.

    Here are today's top stories...
  • The Real Reason the Federal Reserve Is Afraid to Raise Interest Rates Federal Reserve

    When the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve meets next week (Sept. 16-17) to consider when it should raise interest rates, it will have a huge disincentive to do so.

    And we're not talking about what you'll hear in the mainstream media about whether the unemployment rate is finally low enough, or whether U.S. economic growth is finally strong enough to warrant tightening monetary policy.

    No, what the Federal Reserve fears most is a problem of its own creation...
  • Fed Policy Failures Leave $10.8 Trillion Under the Mattress fed policy

    Despite billions in bond-buying "quantitative easing" and near-zero interest rates courtesy of recent Fed policy, Americans have stashed $1.8 trillion in low-yield accounts since the QE program started in 2008.

    It's a failed stimulative policy that has left a shocking $10.8 trillion on the sidelines. But when it comes to investing in stocks in particular, the news gets even worse.

    This trend is truly ominous…
  • Today's Gold Prices Hit 64-Day Low Following Hawkish Fed Minutes Gold prices Today

    Today's gold prices fell to levels not seen since mid-June. By market close Thursday, the yellow metal will have fallen for a fifth-straight session - its longest slump since June 2.

    Here are the current spot gold and futures prices, and exactly how the Fed is weighing down the yellow metal...
  • Dow Jones Futures Rise 40 Points; Here Are 8 Stories to Know Before Market Open Dow Jones Futures

    Stock market news today, August 21, 2014: Dow Jones futures were up 40 points (0.24%) this morning (Thursday). S&P futures gained 3.75 points (0.19%) and Nasdaq futures were also up 5.25 points (0.13%).

    Yesterday saw the release of minutes from the most recent Federal Open Market Committee meeting in July. The minutes revealed that the U.S. Federal Reserve was impressed by job market's resilience, but still decided to wait on its decision of when it will raise interest rates.

    Here are the top eight stories in the stock market today...
  • What Markets Are Doing After Today's FOMC Meeting Minutes Release 8 20 14 fomc meeting

    The three major indexes all dropped in unison shortly after the release of the minutes from the U.S. Federal Reserve's July Federal Open Market Committee (FOMC) meeting, reflecting Fed sentiment that accommodative monetary policy could end sooner than expected if improvements continue in the labor market.

    While the Fed made no remarks on an explicit timetable for interest rate hikes, which is what the markets are observing attentively, the minutes did indicate that the situation in the labor market was looking healthier and improving quicker than expected.

    Here's what the Fed's agenda will be for the rest of the year...
  • How Will Today's FOMC Meeting Minutes Move the Markets? FOMC meeting Fed logo

    The U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting minutes from July will be released this afternoon and once again the nation's central bank won't be looking to pull any tricks.

    All in all, the announcements this year out of the Fed have been predictable, and current Fed chairwoman Janet Yellen has continued to follow the same path that her predecessor Bernanke left her when he departed from the post in February.

    But even the predictable Fed talk can be felt on Wall Street...
  • Stock Market News Today: Another Fine for BAC; Dow Sheds 31 Points After Fed Meeting stock market news_BAC

    Stock market news, July 30, 2014: U.S. markets failed to rally this morning despite news that the economy grew by 4% in the second quarter and ADP reported that private-sector employers added 218,000 jobs in July.

    The markets remained mixed until the afternoon, awaiting announcement from the conclusion of the two-day FOMC meeting. The Dow Jones lost more than 40 points after the Fed said it would cut bond purchases again, but offered little insight into future rate hikes.

    Now, here are the top stock market news stories from today...
  • FOMC Meeting: Fed Keeps Same Narrative, Taper Proceeds – but Markets Move Janet-Yellen-e1395262687889

    The U.S. Federal Reserve stuck to its usual script today after the Federal Open Market Committee (FOMC) meeting. The Fed announced the expected $10 billion cut to its almost two-year-old bond-buying program and reaffirmed its intention to keep interest rates low for a "considerable" period of time.

    And yet the markets reacted to this "non-news" as if it were a surprise...
  • Fed Taper Will Highlight Today's Uneventful FOMC Meeting FOMC meeting

    The U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting will end today (Wednesday) with a statement release at 2 p.m. EDT, though it's not likely that the markets will be spooked by what has become a very predictable central bank.

    Here’s what we can expect from today’s Fed meeting…
  • Dow Jones Futures Slip 142 Points; U.S. Markets Brace for Fat Losses Today Dow Jones Futures

    U.S. markets today, July 10, 2014: Dow Jones futures today (Thursday) were down 142 points, S&P 500 futures slipped 16 points, and Nasdaq 100 futures fell 35 points as of 8:30 a.m. EDT.

    European and Portuguese losses are dragging U.S. markets. Additional downward pressure comes from a delayed negative reaction to Federal Open Market Committee (FOMC) meeting minutes released Wednesday, which revealed Fed plans to end its bond-buying program in October.

    Here's a roundup of the top stories affecting the stock market today...
  • Silver Prices Today Ride FOMC Minutes to Slight Gains

    Silver prices began to flounder this week coming off impressive gains in the previous month, but the U.S. Federal Reserve provided a quick spark in afternoon trading Wednesday.

    Here are the details...
  • Stock Market News: Dow Jones Jumps on FOMC Minutes, Plus These Top Stories

    Stock market news today, July 9, 2014: The Dow Jones Industrial Average jumped more than 70 points on Wednesday following the release of minutes from the Federal Open Market Committee's June meeting and a strong second quarter report from aluminum giant Alcoa Inc. (NYSE: AA) to kick off earnings season.

    According to S&P Capital IQ, analysts expect Q2 earnings from S&P 500 companies to grow by more than 6%. That's a strong gain from Q1's 3.4% in growth earnings.

    Here's the scorecard from today's trading session, and a roundup of the top stories in the stock market today...