By Money Morning Staff Reports, Money Morning - • Print | Email
Today was one for the history books.
The spot oil price for May futures contracts closed at negative $37.63.
Essentially, that means you could get paid $37.63 to take physical possession of a barrel of oil. (More information from Shah on this below).
This unprecedented price move is sure to have short, medium, and long-term impacts on the global economy.
By Money Morning Staff Reports, Money Morning - • Print | Email
As the market continues teetering back and forth, our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – are live streaming what they're seeing in real time to give you actionable steps you can take to protect your portfolio and make money now.
They're doing it every day the markets are open.
And the best part is, you can act on their recommendations before most market participants catch on.
Here's what they covered in their live streams segments today, April 9...
By Money Morning Staff Reports, Money Morning - • Print | Email
To help you navigate today's volatile markets profitably, we started a brand-new service here at Money Morning.
It's a live stream with four of our industry experts.
And it's happening every day that the market is open.
Here's a brief recap of what they covered today (April 1)...
By Chris Johnson, Quantitative Specialist, Money Morning - • Print | Email
Bear market rallies happen; it's part of the process.
That's the message that you should hold onto through the past two days' rip higher in the market.
I remember the first set of rips and dips in 2007, when the market turned mean. The first three months saw a series of rallies and sell-offs that were both good and bad.
Good, because these fits and starts gave the nimble traders the opportunity to operate in their natural environment. Increased volatility, short-term trends, and a market that is more in tune with the technicals. It's a haven for quick and recurring profits.
Bad, because the roller coaster ride of a market kept the longer-term investors guessing as to whether they should put some money to work or not. That question got harder to answer with each trip higher that ended the next move lower.
Investor behavior in a bear market hasn't changed in decades. Most are trained to try to nail the bottom and then hold on as the rally takes them for a long bull market ride. This isn't normally the case, as they will often buy "a" bottom and try to hold only to find out that the bottom they bought was wrong and they're losing more money.
In between those tops and bottoms, we all tend to decide that we want to buy or sell a stock. Inevitably, the mean market volatility leads to the following fun situation… Full Story
By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW - • Print | Email
The stock market hasn't hit bottom, but it's going to.
If you knew when that was going to happen, and you had money to invest in stocks, you'd make a terrific amount on the initial bounce and easily double, triple, quadruple, or quintuple your money in the next bull market.
The truth is you don't have to know exactly when the bottom's in to make a fortune (but I will tell you when it is). You just need to know that you don't want to miss that first bounce up, and I can help.
Here's why this is setting up to be a generational buying opportunity, how to buy stocks on the way down so you get into them near the bottom, and when we'll see the bottom… Full Story
By Michael A. Robinson, Defense + Tech Specialist, Money Morning • @Robinson_STI - • Print | Email
When the stock market crashed back in October 1987, I was a banking-technology analyst working in San Francisco's financial district.
Known as "Black Monday," Oct. 19 saw the bellwether Dow lose 22.6% of its value in a single day.
My boss called me from New York after the market closed to talk about the impact of the Dow's plunge.
"This is huge," he told me. "It's Kaboom…"
"Hey, this is great news," I said. "They're having a sale on Wall Street."
I'm not making light of the coronavirus correction that has slammed the stock market. I know the current panic is bound to slow the economy as we see travel restricted, events canceled, and businesses temporarily closed.
As a boomer of a "certain age," I have lived through all sorts of events that have either roiled the economy or the market – or both.
We're talking about the Vietnam War, two Arab oil embargoes, and three Gulf Wars. I also had to manage my way through several recessions and witnessed big political upheavals like two presidential impeachments in the last 21 years.
Not only that, but I had to work my way through the "dot-com" bust of 2000-2002 and the Great Recession of 2008.
It'll get worse before it gets better. But as I try to get a sense of the long-term picture here – as I need to, in order to get a sense of how to invest for this situation – here's what I see… Full Story
By Chris Johnson, Quantitative Specialist, Money Morning - • Print | Email
I usually like to spend my time with these articles writing a funny analogy to a golf or fishing trip or something about how investing can be like raising kids. Today's message, however, is simpler and more straightforward.
Folks, I've written you a lot about the market's wild gyrations over the last month. I've told you that "volatility creates opportunity," but I'm here to tell you today that things are a little different.
I spent much of yesterday thinking about you and your portfolios. Like me, I'm guessing that you have accounts that are set up for your retirement and other savings, plus your accounts for speculation trades.
This is wise, but there's something we all must consider today, and for the next month or so… this isn't even a speculative market; it's chaos.
I don't say this to strike fear – 10 minutes in front of a television will do that – but instead, I want to make a point. Speculation still depends on an inherent ability to forecast something that may happen. This market crossed a line where speculation ended and chaos began last Monday.
Now, we need the markets to reprice risk and begin rebuilding back to a new normal. It will happen.
How long will this take? Nobody can answer that question, but I do know that I'll be here with you the whole time, and when it does, we'll pick up right where we left off. We will have opportunities here and there along the way, while we look for the market to get a fundamental reset in order to be anything less than dangerous.
Until then, here's what my 30 years of experience tell me… Full Story
Until then, here's what my 30 years of experience tell me...
By Matt Piepenburg, Special Contributor, Money Morning - • Print | Email
As market anxiety mounts, I'm continuing to look to the market itself for signals on how to properly react.
Specifically, I'm seeing eight critical signals of "uh-oh" I'll share with you today.
As usual, buckle up…
We are witnessing history in the making with these sources of market anxiety converging at once… Full Story
We are witnessing history in the making with these sources of market anxiety converging at once...
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones Industrial Average will correct slightly today after a big surge through the holidays.
A Santa Claus rally already pushed the S&P 500 up more than 29% since the start of 2019.
Today, the major indices are reining in some of those gains.
But this is only a temporary slide.
By Garrett Baldwin, Executive Producer, Money Morning - • Print | Email
The Dow Jones Industrial Average is sinking Wednesday as investors digest a wild speech by President Trump.
On Tuesday night, Trump spoke at The Economic Club of New York and railed against the Federal Reserve on interest rates and monetary policy.
But that’s just one of the many stories driving market behavior this morning.
