Archives for January 2014

January 2014 - Page 5 of 16 - Money Morning - Only the News You Can Profit From

America's Biggest Bank Wants In (on This Truly Free Currency)

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As we know, most fiscal history has been dominated by a web of central banks.

The central banks are in a race to debase, a trend that's rapidly accelerated over the past decade.

There's a lot of money to be made by issuing money.

After a century of massively inflated fiat currencies worldwide, it's little wonder people have flocked to a totally independent form of new money.

Bitcoin's appearance and meteoric rise have galvanized the market for truly free money.

To quote Sir Richard Branson on CNBC last week, "Whoever was behind Bitcoin was brilliant…"

But the race for control of virtual currencies is heating up...

Hot Penny Stocks This Week

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A number of this year's hot penny stocks have soared by double digits since the New Year.

Their meteoric moves have far outpaced the lukewarm (if any) gains of major benchmarks and their components. The Dow is down roughly 4% and the S&P is off nearly 3% year to date, after gains of 26% and 32% respectively in 2013. The Nasdaq was up 1% until Friday's broad-based selloff left the tech-heavy index down an equal amount for the year.

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Stock Market Today: The Dow Jones Industrial Average Plunges 318 Points

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Stock Market Today, Jan. 24: U.S. stocks today are ending this week on a heavy note, as investors continue to absorb a swirl of disappointing earnings reports and worrisome manufacturing data from China.

All three major indices are logging solid losses: the Dow Jones Industrial Average fell 1.96% or 318 points to 15,879.11; the S&P 500 is down 2.09% or 38.17 points to 1,790.29; and the Nasdaq is down 2.15% or 90.70 points to 4,128.17.

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First-Ever Obamacare Demographics Are In - And They're Ugly

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Until last Monday, not a single Obamacare demographics statistic had been released since open enrollment began in October 2013.

Now we have our first-ever look at who is signing up for Obamacare – and the number is alarming.

According to the U.S. Department of Health and Human services, only 24% – or 489,460 – of the 2.15 million people who have signed up for the healthcare from Oct. 1 to Dec. 28 are in the critical 18 to 34 age range.

And so far, the numbers don't look good...

Double Your Opportunities for Profit

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In their effort to capture all the profit they can, many investors focus exclusively on buying stocks. That's too bad because it means they're missing out on half the profits – literally.

I say that because the markets move in two directions – up and down – which means there's plenty of profits to be had in both directions.

George Soros, for example, made a cool $1 billion in a single trade that famously almost broke The Bank of England in 1992.

John Paulson made billions off the housing crisis when it hit by going against the grain.

Doug Kass of Seabreeze Partners is known for betting against the herd and laughing all the way to the bank.

Obviously, shorting stocks isn't for everybody – it takes a lot of guts and more than a little conviction to do it profitably. Not to mention a healthy dose of discipline.

But done right, it can really boost your profits...

Be Careful of eBay (Nasdaq: EBAY) Stock Following Icahn News

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eBay Inc. (Nasdaq: EBAY) stock jumped 5% in after-hours trading this Wednesday and continued the gains on Thursday, for a 0.97% rise to $54.94.

Company earnings helped boost the stock, as the e-commerce company reported earnings of $0.81 per share, just beating analysts' estimates of $0.80. Revenue of $4.53 billion was an increase of 13% from last year.

But what Icahn wants could work out very badly for eBay...