Archives for December 2018

December 2018 - Page 10 of 13 - Money Morning - Only the News You Can Profit From

Banking Fears Have Put Billions of Dollars in Weed Profits in Limbo... Until Now

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Think about the last time you ran out for a bottle of wine or stopped someplace after work for a few groceries: Did you have to swing by an ATM first? Did you make sure you had plenty of cash in your wallet to cover the cost?

If you're like most Americans in 2018, the answer is probably… of course not.

It's more likely you used a debit or credit card, or even iOS, Android, Venmo, or PayPal. A debit here, a credit there, all effortlessly unfolding in the ones and zeros of cyberspace.

I'm simplifying here, but the cashless, convenient transaction between you and the merchant took place via computer – your bank, the merchant's bank, the clearinghouse – everyone involved used the U.S. communications network and financial system to "settle up" and get business done.

Now, I'm going to ask you to imagine something completely ridiculous – just for a second.

Then I'll show you how you can clean up on unique solutions to the legal weed sector's biggest problem...

Dow Jones Industrial Average Plunges Another 400 Points as Trade Fears Shatter Investor Confidence

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The Dow Jones Industrial Average continued to sell off during Thursday's premarket trading, plummeting 407 points before market open.

This morning's losses followed on the heels of the Dow's 799 point loss during Tuesday's trading session. Markets were closed on Wednesday in honor of late President George H.W. Bush.

Global indexes fell sharply overnight following reports that Huawei CFO Meng Wanzhous was arrested by Canadian officials yesterday.

Huawei, one of China largest semiconductor companies, is accused of violating U.S. sanctions against Iran.

Stocks Are on Thin Ice - Here's What's Lurking Underneath

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The markets took a break for the funeral of former U.S. President George H. W. Bush, and I'd bet most investors are grateful for the pause in the "Groundhog Day," Yogi Berra "déjà vu all over again"-type action we've been going through since, yes, October.

Yeah, the market just did what it did just last month; the FAANGs rolled over and played dead, only to come roaring back for a seemingly strong push up north and, just when things looked brighter, tanked again.

Rally and swoon, rally and swoon… While there is still a fighting chance for the old bull, it's looking increasingly grim.

We're rapidly getting to the point that investors who are unprepared or out of position could be in some serious danger.

That's why I'm looking so closely at these specific numbers...