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The hits just keep on coming for Lordstown Motors (NASDAQ: RIDE).
Lordstown Motors stock was one of the hot stories of 2020 as the electric truck maker came public via a merger with a Special Purpose Acquisition Company (SPAC).
They were going to revolutionize the market for electric trucks, and the future was full of battery-powered awesomeness.
Everything looked rosy.
Lordstown motors stock soared 190% after the SPAC merger last year.
However, a few small problems have tanked the stock all the way back down...
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Mark's just getting started calling out Wall Street's shady practices that they try to pass off as "convenient" for their clients.
One example is the ever-popular commission-free trades.
Don't let the name fool you.
In reality, they're a way for brokers to impose a heavy backdoor tax on regular investors.
The good news is there are three very simple steps you can take – on any brokerage platform – to avoid this and keep what's yours….
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The GameStop treatment could be heading to silver prices next.
Before you jump on board the silver bandwagon there are a few things you need to know.
This is not going to be as easy as it was with GameStop, and you could be risking your money on nothing more than hype.
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Electric truck-maker Nikola Corp.
(NASDAQ: NKLA) has been one of the wildest stocks of 2020.
The company went public in a reverse merger on June 4 at $34 per share and jolted 176.5% higher to $94 just three trading days later.
Since then, NKLA has experienced a significant drop and sits near $27 per share today.
But that doesn't mean we can't make money on it… You see, Nikola's volatility is actually a good thing if you want to make fast money trading options.
So today, we're going to show you how to make money with options from the fall of NKLA stock using a strategy known as a "put spread" that Money Morning's own Andrew Keene just revealed.
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It may seem like Wall Street's elite have an advantage over the average investor.
Maybe you just couldn't put your finger on how.
You just know it in your gut that their money and influence buys them something you can't get.
Now, we've got the proof.
Even better, we've found a way to use that information to help you make gains like 50% in six days, 390% in three days, and 63% in seven days.
It all has to do with secret exchanges called "Dark Pools."
In fact, 42% of all stock trades are made using these Dark Pools.
And thanks to a new algorithm, you don't have to be left out in the dark any longer...
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Shortly after legendary fund manger Bill Ackman gave an emotional, half hour interview about the fate of the American economy on CNBC yesterday, stocks fell so hard and fast trading was halted.
If you listened to what he said, the market's response wasn't a mystery.
He said the crisis was so bad that "America will end as we know it" and "hell is coming."
Restaurants, hotels, and airlines will all go out of business, according to Ackman.
He says shares of Hilton Hotels (NYSE: HLT) will drop to $0 in the next 18 months if nothing is done.
But Ackman's doomsday predictions might've made him a lot of money yesterday.
It was all by design.
While everyone ran for the door, those who read between the lines followed his lead...
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We're always skeptical when Wall Street takes away your choices.
They are only doing it to make more money from you and that is exactly what we see happening with Morgan Stanley's (NYSE: MS) acquisition of E-Trade Financial Corp. (NASDAQ: ETFC).
As their new client, you will be part of a new revenue generation stream that goes beyond simple brokerage commissions.
Here's what to look out for to protect your money when Wall Street wants even more of it...
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The secret momentum driver elevating market indexes to all-time highs, again and again, is none-other than the "passive investing" trend. It's going on unbeknownst to even the drivers of this momentum bus.
Investors who don't understand how big an impact money flowing into index funds has had on the market's performance probably have no idea what could happen if the trend stalls, or worse, reverses.
Here are the pitfalls of passive investing and how bad the fallout could be if passive investors discover the trap they've entered, turn active, and sell.
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On the surface, it seems great that Wall Street is finally paying real attention to average investors.
For years, it was a poorly kept secret that big firms, like Goldman Sachs Group (NYSE: GS), focused their efforts on catering to the rich.
After all, a commission or advisory fee on a $100,000 portfolio is peanuts compared to that of a $100 million portfolio.
But now, Wall Street is starting to like those peanuts.
Here’s why investors should be skeptical of Wall Street’s generosity…
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The S&P500 has tacked on a remarkable 25.16% so far this year, yet many investors are acting as if the "other" shoe is going to drop just like it did last year right around this time.
Honestly, that's a fair concern.
The markets have been a one-way train higher since January 2019. The S&P 500, for example, has put in over 15 new record highs over the past 12 months.
The known risks – political instability, Chinese trade, regulatory changes, signs of a global slowdown – are all well understood. It's the unknown that'll get you every time.
Wall Street would have you believe that the most effective way to hedge against unknown market risk is to diversify your portfolio.
The theory is pretty elegant – or at least it's supposed to be.
Spread your money around, it says, and, in doing so, you'll reduce your risk, because "everything can't possibly go down at once."
Problem is… that's a load of self-serving hooey.
Today's markets are more correlated than they've ever been, thanks to a witches' brew of computerized trading, exchange-traded funds – ETF's for short – and leverage.
You've got to do something different if you want to get ahead...
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