In early November, Christie's auctioned off the most expensive art work ever, with a winning bid of $127 million. Including Christie's commission, the final sale price was $142 million. The entire auction raised $691.6 million, the highest amount ever at a single auction.
Buyers at these auctions are the very wealthy. The pieces command multimillion-dollar prices, and can mean tens of millions of dollars in commissions for the auction house.
make you wealthier by tapping into this hobby of the rich...
Investing in master limited partnerships (MLPs) has long been known – and loved – as a reliable income source.
MLPs generate stable cash flow by charging user fees for the transportation of oil, gas, and other fuels through pipelines and other energy infrastructure.
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For most of 2013, we've warned about China's ongoing hack attacks on American companies and government agencies. The assaults highlighted the fragility of our current infrastructure networks.
In March, the National Intelligence Estimate (NIE) announced that the U.S. "is the target of a massive, sustained cyber-espionage campaign that is threatening the country's economic competitiveness."
It also means that cybersecurity companies are going to reap epic profits...
Today I'm going to show you three charts Obama hoped you'd never see.
Brace yourself.
You're about to get a very different view of the "recovery" picture that the administration keeps painting for us.
This one, for starters, is accurate.
It also explains why incoming Fed Chair Janet Yellen can't cut stimulus, which is one of the reasons you have an opportunity to make some money here… especially if you follow my "mid-December plan." More on that in a minute.
Let's start with the charts…
The White House positively hates this first one...
It's undeniable: This bull market has been on the run for 56 months now, far outpacing low single-digit economic growth. But there's no getting around the fact that the rally has more to do with the Fed's bond-buying binge than healthy economic fundamentals. And now the specter of tapering is on the horizon. Is it […]
The warning signs of a stock market crash in 2014 are getting harder and harder to ignore…
Several prominent market watchers, including Ben Inker, head of the asset allocation group at GMO, and John Hussman of the Hussman Funds, say the markets are about 40% overvalued.
Last week, Yale Professor Robert Shiller, a Nobel-prize winning economist, expressed concern that stocks may have gotten ahead of themselves.
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Abercrombie & Fitch Co. (NYSE: AFN) stock is up nearly 6% this week after an investor, who owns approximately 1% of the company's stock, called for the retailer to replace its current Chief Executive Officer Mike Jeffries.
The news sent Abercrombie stock up 5.7% Tuesday alone, but will the retailer be able to sustain its rally?
To watch the video, click here...
Many people on Wall Street wrote off Apple (Nasdaq: AAPL) stock after it plunged from its high of over $700 in September 2012 to below $400 by April 2013.
But not Money Morning Capital Wave Strategist Shah Gilani.
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It seems the shoe is on the other foot for a change, making for some interesting developments here in Moscow.
It's the sixth time in as many years that I've been invited to give a briefing during the annual policy meetings held by the Ministry of Energy. This trip, however, is not like all the rest.
Instead of the usual certainty, there is a noticeable indecision in where Moscow plans to move next.
and how it could be an opportunity to profit...
From the Editor: If you've seen Michael's new briefing, you know why we can't get enough of his research. Today, he gives you yet another reason his subscribers have been able to make so much money.
This is one of the greatest secrets of investing.
It's a strategy that I developed during my 34 years in Silicon Valley. And it will let you tap into some big, big profits for a modest amount of effort.
In fact, this very cool approach to high-tech investing will uncover a bushel of double-digit winners that your friends, co-workers, and others you talk stocks with have no hopes of finding.
And I'll even identify the four double-digit profit plays that my sleuthing has already uncovered.
