Now is the time when Wall Street is most dangerous to your financial health.
After being 100% wrong about the market all year, Wall Street's big shot strategists are now telling investors to "get ready for a big fourth quarter rally."
You never hear a discouraging word from these so-called experts. They all read off the same script - and that script is designed to get John Q. Public to buy as many stocks and bonds as Wall Street can sell them.
Wall Street criminals just won't stop misbehaving.
The latest crime was exposed Wednesday. Five of the biggest names in global finance agreed to pay billions to settle lawsuits alleging they illegally gamed the $5 trillion-a-day foreign exchange market.
"America has become a banana republic run by Wall Street criminals," Money Morning Capital Wave Strategist Shah Gilani said on Wednesday.
If it looks like a bubble, smells like a bubble and walks like a bubble, it is a bubble.
What we have in the certain stocks today is a bubble every bit as epic as the one that took the NASDAQ Composite to its previous record of 5048 back in 2000.
There are few certainties in this world, but one of them is that bubbles pop.
And like all previous bubbles, this bubble will pop, too...
Wall Street would prefer if investors never asked certain questions. But sometimes having the right financial advisor in your corner can mean the difference between huge profits and devastating losses.
How do you find the right professional amongst tens of thousands?
You narrow your options down by asking these five crucial questions...
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The UBS dark pool fine announced last week is yet another example of the U.S. Securities and Exchange Commission dropping the ball on one of the biggest schemes staring them right in the face.
The SEC came down on UBS Group AG (NYSE: UBS) for not following the rules and regulations that make markets fair and orderly - and also for not being honest to its clients.
But this "record" fine wasn't really newsworthy - in fact, it was pretty absurd...
Wall Street is about to get paid back by D.C.'s new bosses. Because all politicians are snakes. And some of them are rattlesnakes.
On Jan 14, the House of Representatives passed an act providing banks an additional two years to comply with the Volcker Rule. What does this mean?
It means that extra time will make the 1% richer. Here’s how it works…
We talk about why you should always be in the stock market (and NOT for the same reasons Wall Street wants you in, either). That's because being in the markets allows you tap into the inevitable growth that comes from capitalism and, by implication, humanity's upside.
Lately, though, people are beginning to doubt the premise behind that Total Wealth tactic.
That's due partly to recent trading action (which is unsettling), and partly due to the hype surrounding various indicators that are almost "guaranteed" to show a looming meltdown (which is unnerving).
Right now the scary indicator making the rounds is record "total margin debt." Chances are you've probably seen the emails, too.
According to the New York Stock Exchange, investors have borrowed more than $457 billion against their brokerage accounts as of November 2014 - a new record. The social meme - the mantra, if you will - is that so much debt is unsustainable, and that it potentially undermines the entire market.
I get that... Debt is a four-letter word after all, especially when it comes to the central bankers and Wall Street fat cats. But this is different.
In fact, I'd even go so far as to chalk this up to another case of "it isn't what it seems."
Here's the truth about this "meltdown" indicator...
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The JPMorgan Chase & Co. (NYSE: JPM) stock price faltered more than 4% on this morning on an earnings miss.
JPMorgan was hit hard by legal fees. The bank, along with several other big banks across the globe, had to cough up just over $1 billion. Most of that stems from a November settlement tied to shady activity in the foreign exchange market. But legal fees are nothing new.
JPMorgan is facing much bigger problems than the routine settlements...
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Wall Street manipulators are at it again - they've found a new way to make huge profits from troubled companies.
Imagine everyone in your neighborhood taking fire insurance out on your house. Sooner or later, someone might toss in a lit match your way. That's what the puppet masters are up to.
What's worse? It's 100% legal and the rewards are limitless...
Wednesday, December 10, 2014, was a great day to be an insider trader.
A three-judge panel of the U.S. Second Circuit Court of Appeals overturned insider trading convictions of former hedge fund managers Todd Newman and Anthony Chiasson.
Not only did the appeals court reverse the much-publicized guilty verdicts against the two traders, its 28-page decision effectively rewrites the meaning of insider trading.
The immediate outcome of the decision not only affects the two hedge fund executives, other traders convicted of insider trading, and charged individuals who pled guilty, it will also change how traders use inside information to their benefit in the future.
The court decision is as surprising as it is profound...
Bad behavior on the part of the big investment banks is almost a cliché by now, but some Wall Street lies can harm individual investors more than others.
This came to light again last week when the Financial Industry Regulatory Authority (FINRA) slapped a $15 million fine on Citigroup Inc. (NYSE: C) for giving privileged clients a much different opinion of certain stocks than the bank was publishing in its reports.
And Citi is not alone.
Here's why regulators can't stop this kind of thing, no matter how many fines they impose...
"Business culture in the banking industry is favoring, or at least tolerating, fraudulent or unethical behaviors."
That's what Ernst Fehr told reporters in a telephone interview last week.
Fehr is an economist at the University of Zürich in Switzerland who co-led a study about business behavior.
Fehr's study proves what we've all long known - but it wasn't the only piece of news last week that demonstrates the crookedness of bankers.
Today I'll show you how Wall Street's manipulations are affecting the prices we pay for everything from the cars we drive to our pots and pans.
So you know you want to know more about this...
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With the Dow Jones Industrials and the S&P 500 indices repeatedly making new highs, chances are better than good that markets will rally through year-end.
There are lots of reasons why stocks are headed higher, but one in particular is telling.
It's really a simple one, yet too many people have overlooked it; indeed, most wouldn't even give it enough thought.
And that would be a big mistake.
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With the midterm elections set for tomorrow (Tuesday) most political pundits are predicting that the Republicans will take enough seats in the Senate to regain a majority.
But what will that mean for the stock market today? Has Wall Street already factored in a GOP victory?
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A Wall Street money manager quoted in a recent column in the Wall Street Journal said that investors should make sure they have exposure to emerging markets.
When I read that statement, I was floored. This may be the worst investment advice Wall Street ever gave.
Here's why this advice is so terrible - and what you should do instead...
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