Bitcoin has captured the imagination of millions of investors hoping to cash in on the seemingly instant riches it's creating. You can't go anywhere without somebody talking about how much money they're making… including my taxi driver last Monday.
Yet, I still won't touch it for reasons we've talked about many times – limited liquidity, tulip-like pricing, or the fact that it's one of more than 900 cryptocurrencies available today.
However, that doesn't mean Bitcoin is a bust.
In fact, there are some great ways to play Bitcoin without buying Bitcoin...
The Dow Jones Industrial Average today is dropping again thanks to retail stocks and anxiety over Congress's tax plan…
Traders are losing patience with Congress over delays to the corporate tax cuts.
The Dow Jones today is already down 100 points in pre-market hours as the retail ice age rears its head again…
Fortunately, the retail ice age is creating a profit opportunity for savvy investors.
by David Zeiler
Bitcoin rallied back from its biggest drop in a month yesterday, but that's not exactly why we're excited for it.
Right now, we're looking ahead to a really big event: the "hard fork" expected next week, on Oct. 25.
This move is going to create Bitcoin Gold, just like the last hard fork spawned Bitcoin Cash. The new crypto will "enter the wild" on Nov. 1.
But that's not what has us fired up. The hard fork speaks well of Bitcoin's durability, of course, but it remains to be seen whether its new "flavors" will be good investments.
Rather, we believe Bitcoin Gold is going to be like pure rocket fuel for one of our favorite stocks…
It's a textbook "10-bagger" that's given us more than 1,138% in peak gains since our (very) early "Buy" call back in June 2013.
Today, we're upgrading our call to "Screaming Buy," because our Cryptocurrency Expert, David Zeiler, has proof that this hard fork is likely to ignite a whole new round of gains in these shares.
And it could happen very quickly, too...
This is big, and I'll show you why in a minute…
University of Chicago heavyweight thinker Professor Richard H. Thaler just won the Nobel Prize for Economics.
I read all the stories about Thaler's win with real interest.
You see, I'm a big Thaler fan for one very good reason: When it comes to the economy and the stock market – and the role investor emotion plays – nobody "gets it" like Thaler.
And right now, Thaler says he's "nervous" about stocks.
"We seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping," Thaler told Bloomberg Markets. "I admit to not understanding it."
Take it from me: This is a guy you need to listen to. I have – for years.
In fact, in our 1998 book, "Contrarian Investing: How to Buy and Sell When Others Won't and Make Money Doing It," my money manager co-author Anthony M. Gallea and I cited Thaler's work as a foundation for our out-of-favor stocks strategy.
And after years of having his research and theories on behavioral finance ballyhooed by the "smart money," Thaler's views are now taken as investing gospel.
However, elevating Thaler's cautionary comments to fire-drill status – and cashing out of stocks completely – may not be the answer, either.
After all, members of the gloom-and-doom crowd have been predicting disaster for several years now – and have lost out on trillions in wealth as U.S. stocks have set one record after another.
Don't panic.
Indeed, take heart – there's a middle ground. And it's a good, profitable place to be.
Unlike most "compromise" stances, our "middle-ground strategy" is a powerful one: We'll keep grabbing the gains as long as the bull market rages. And when the inevitable decline comes, we'll cash in while the rest of the crowd panics.
So today, I want to show you more about this strategy we use constantly, pioneered by Professor – and now Nobel Laureate – Thaler.
The Dow Jones Industrial Average today is trending up after closing down 12 points yesterday, but instability in Europe could threaten gains…
Dow futures are up 43 points this morning, but violence in Catalonia over its secession vote coupled with a stalemate in Brexit talks could lead to uncertainty in the markets.
The Dow Jones news today will continue to focus on escalating tensions between the U.S. and North Korea.
Dow Jones futures ticked up seven points this morning as traders eye the uncertainty surrounding a potential military conflict.
by A.J. Bursick
North Korea has just sent a missile-laden sub into the Sea of Japan…
We've been warning that this might happen for months.
The question is: Is the U.S. prepared?
In Dow Jones news today, markets fell in response to a round of weak Q1 earnings reports.
One of the most notable earnings losers was Snap Inc., whose stock plunged more than 23%.
Here's everything you need to know about the stock market today...
In Dow Jones news today, the index dropped slightly as investors still grapple with Comey's sudden firing.
There were also several high-profile companies that reported earnings, including Disney and Priceline.
Here's everything you need to know about the stock market today...
