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    The Schumer-Sanders "Buyback Ban" Is a Terrible Idea – Do This Instead

    By , Capital Wave Strategist, Money Morning • @WallStreet_II -

    Last week, senators Chuck Schumer (D-NY) and Bernie Sanders (D-VT) co-authored an opinion piece in The New York Times titled: "Limit Corporate Buybacks: Corporate self-indulgence has become an enormous problem for workers and for the long-term strength of the economy."

    The senators said, "From the mid-20th century until the 1970s, American corporations shared a belief that they had a duty not only to their shareholders but to their workers, their communities, and the country."

    I have to say the senators are right: Buybacks should be limited. They benefit too few people, who already have the advantage.

    But the senators are dead wrong about buybacks' impact on workers and the wider economy.

    That a bunch of D.C. insiders are wrong isn't news at all. But in this case, I'll show you the senators' prescription for fixing the problem is disingenuous at best, and a command-economy disaster at worst.

    The good news is, the problem of buybacks is very fixable.

    And my way to do it would not only benefit corporations and shareholders, but regular, middle-class workers and small investors, too... Full Story

Article Index

The Schumer-Sanders "Buyback Ban" Is a Terrible Idea – Do This Instead

By , Capital Wave Strategist, Money Morning • @WallStreet_II -

Last week, senators Chuck Schumer (D-NY) and Bernie Sanders (D-VT) co-authored an opinion piece in The New York Times titled: "Limit Corporate Buybacks: Corporate self-indulgence has become an enormous problem for workers and for the long-term strength of the economy."

The senators said, "From the mid-20th century until the 1970s, American corporations shared a belief that they had a duty not only to their shareholders but to their workers, their communities, and the country."

I have to say the senators are right: Buybacks should be limited. They benefit too few people, who already have the advantage.

But the senators are dead wrong about buybacks' impact on workers and the wider economy.

That a bunch of D.C. insiders are wrong isn't news at all. But in this case, I'll show you the senators' prescription for fixing the problem is disingenuous at best, and a command-economy disaster at worst.

The good news is, the problem of buybacks is very fixable.

And my way to do it would not only benefit corporations and shareholders, but regular, middle-class workers and small investors, too... Full Story

While Trump and Putin Kick Off "Cold War 2.0," This Stock Will Soar

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

Over the past year, I've recommended some profitable direct military and defense plays for my Energy Advantage, Energy Inner Circle, and Micro Energy Trader subscribers.

The connection between energy and global geopolitics might not seem obvious, but it is very real. It's very profitable, too, as you'll see with the choice investment pick I'm going to share in a moment.

Each time I've recommended a defense or military play, energy markets have provided the reason, whether through security reasons impacting energy sources and transport, or energy technology breakthroughs that directly benefit the defense sector.

The South China Sea, "off-the-grid" power systems, North Korea, Iran - developments in all these places and more have delivered consistent profits.

And over the past week, a ratcheting up of geopolitical tensions has compelled me to share a recommendation previously reserved for my paid subscribers with everyone...

When Laws Pass, Pot Stocks Soar: Here's Where Cannabis Stands Now

By , Defense + Tech Specialist, Money Morning • @Robinson_STI -

No matter what side of the "aisle" you're on, we can all probably agree that American politics can get pretty taxing; some folks tune out altogether.

But the truth is, for cannabis investors, politics are vitally important because, as we've seen time and again, "when laws pass, pot stocks skyrocket." We don't have the luxury of not paying attention... and I follow the issues very closely. 

As luck would have it, marijuana reform happens to be a "non-toxic," broadly bipartisan issue, with politicos across the ideological spectrum in passionate pursuit of real change.

It's a bright spot.

From Trump's conservative "right-hand man" to arch-liberal Northeastern senators, folks in D.C. and out in the rest of the country are fighting for change - change with the potential to significantly boost our bottom lines. 

And with an entirely new Congress poised to enter power, things are looking better than ever...

The "Warfare State" Has Consumed the Middle Class

By , Special Contributor, Money Morning -

The United States spends roughly $800 billion a year on defense; the People's Republic of China, about $146 billion. The Russian Federation lays out around $55 billion, annualized, while the Islamic Republic of Iran's military spend annualizes at $15 billion - not accounting for the crippling 13%-plus inflation it's experiencing.

Finding reliable figures for military expenditures of Syria, Yemen, Afghanistan, or the tattered remnants of al-Qaeda and ISIS would be a waste of time.

It's enough to say that not a single one of these state and non-state actors can reasonably be expected to show up on our shores, "D-Day style," at any point in the near future. And if you expect any of these adversaries might come ashore, cannons blazing, in Cleveland, or San Francisco, or Austin, or Bismarck, N.D., then I respectfully submit you may be watching a little too much cable news.

And in the slightly more likely event that one of these foes were to, say, set off a dirty bomb in any of these places, it's doubtful an extra aircraft carrier would prevent it.

And yet, if the manifestly stupid, hopelessly censored mainstream media - run by just five conglomerates - were to be believed, hordes of jihadist enemies are closing in from all sides, moments away from striking.

Then again, this pale shadow of a legitimate Fourth Estate has also - just as dangerously - confused an East Coast stock bubble for real, widespread prosperity and strength.

No, folks, the real danger to American security and prosperity - what's left of it, at least - is safely ensconced, thriving in its ultimate evil, right here...

Jeff Sessions Is Gone, and Pot Stocks Are Soaring

By , Director of Cannabis Investing Research, Money Morning -

We knew Nov. 7 was going to be a historic day for the cannabis sector - we've been saying as much in the lead-up to the midterms. 

But as we've also seen, the marijuana industry moves at hyper speed. And the real post-election story was virtually impossible to predict, at least in terms of timing.

By midday Wednesday, the markets had woken up to the fact that voters in one of the most populous states, Michigan, and one of the most conservative states, Utah, had opened the door to legal marijuana in some form or another, and stocks spent a couple of hours gaining in value.

But then... it happened.

The No. 1 opponent of legal cannabis in the United States lost every ounce of his power to hold back the fastest-growing industry on the planet. Investors need to know just how important this is to the growth of cannabis as a business in the United States.

This is huge...

Why It's Cannabis Investors Who Really Won Yesterday's U.S. Elections

By , Director of Cannabis Investing Research, Money Morning -

Election Day 2018 marked another resounding victory for cannabis.

At least 36 different ballot measures and elective offices across the country were in play.

From coast to coast, candidates from both parties who are on the record as favoring some form of marijuana reform were returned to office or swept into Congressional delegations, state houses, and local assemblies. These are the folks who can help move reform efforts along all over the country.

More importantly, voters in each of the three states with the most important legalization efforts (all three of which were carried by the Trump campaign in 2016, by the way) passed their referendum questions.

This isn't really a surprise - we knew going into Nov. 6 that 66% of Americans favor the legalization of cannabis for recreational use, and more than 90% want it to be legal for medical application.

Still, the results are big news for cannabis investors - and a flashing green light to folks who may yet be sitting cautiously on the sidelines.

That's because there are major benefits to adding one of the largest states by adult population, and one of the reddest "red states" to the pro-cannabis bandwagon.

Let's take a look...

How Today’s Election Outcome Will Move the Markets

By , Associate Editor, Money Morning -

shah on varney

The fate of the corporate tax cuts that have sent the market soaring hangs in the balance today.

Here's how the elections could affect the Dow Jones...

36 Reasons Why Today Could Be Marijuana's Biggest Day in Weeks

By , Defense + Tech Specialist, Money Morning • @Robinson_STI -

Legal cannabis is off to a roaring start in Canada, of course, but the next flood of big-gain potential will come to us courtesy of folks south of the border.

That's because today, voters in Colorado, Michigan, North Dakota, Utah, Missouri, Ohio, and Wisconsin will head to the polls to vote on no less than 36 major cannabis reform ballot measures.

Now, any one of these could catalyze tremendous pot-stock gains virtually overnight because, as we've seen time and again since 2014, "when laws pass, stocks soar."

But I'm most excited about the biggest of them...

The "Other" Speaker of the House Goes All In on Cannabidiol (CBD)

By , Defense + Tech Specialist, Money Morning • @Robinson_STI -

Government shutdown

Former Speaker of the House John Boehner made headlines when he announced he was going "all in" on marijuana at the American Cannabis Summit.

Now his successor, top House Republican Paul Ryan, has issued a surprise endorsement of cannabidiol.

What he said was shocking...

How the Trump Tax Cuts Are Biting into Market Returns

By , Liquidity Specialist, Money Morning -

Stock prices and leaves aren't the only things falling right now.

Tax collections fell again in September, but the Congressional "Budget Busting Agreement" has spending soaring right into the face of plunging federal revenue.

And I'm here to tell you this: The fall in tax collections is a big factor driving shares and bond prices down.

Find out why over the long term, there won't be enough liquidity left in the markets for earnings to go anywhere but down...

My Favorite Way to Be "In Cash" (No Mattress-Stuffing Required)

By , Liquidity Specialist, Money Morning -

The Fed is hell-bent on draining tens of billions of dollars of vital liquidity out of the markets each month.

But there are ways to add cash to your holdings, and our Liquidity Specialist will show you the safest, most cost-effective way to hold greenbacks...

The Most Controversial (and Profitable) Article You're Going to Read Ahead of Midterm Elections

By , Chief Investment Strategist, Money Map Report • @kfgtotalwealth -

Midterm elections are only six weeks away, and predictably, many investors are turning themselves inside out because they think the stock market's next move hinges on the results of those elections.

The mainstream media certainly wants you to believe that that's the case. So do legions of pundits hawking their unique brand of divisive spin over the Internet, on the nightly news, at political rallies – even during sporting events.

We're told that our financial future hangs in the balance.

Not true.

In fact, there is NO documentable link between stock market performance and the outcome of midterm elections...

I'm Not Remotely Worried About a Federal Weed Crackdown

By , Defense + Tech Specialist, Money Morning • @Robinson_STI -

There aren't many U.S. Department of Justice officials who would be "rock stars" anywhere, period, let alone at a San Jose legal cannabis industry expo.

But I'm here to tell you: There was such a star in our midst at this conference...

I'm talking about former Deputy Attorney General James M. Cole.

Back in 2013, he was the No. 2 official at the Justice Department who authored the now-famous "Cole Memo."

That memorandum ordered federal agents to leave states with legalized marijuana well enough alone - as long as they had adopted a clear regulatory framework for doing so. The landmark memo gave the states and federal law enforcement a kind of legal modus vivendi for regulated cannabis, allowing each party to "look the other way."

The memo was instrumental in helping a multibillion-dollar legal weed sector take root and thrive.

So it's no surprise that, as a keynote speaker at the Cannabis Business Summit & Expo in San Jose July 25-27, Cole was treated like a conquering hero.

I had the chance to catch up with him privately beforehand to hear what he had to say...

How We Can Get Out of the Tariff Tantrum "Box"

By , Technical Trading Specialist, Money Morning • @DRBarton_Stocks -

Tariff

Last week, I showed you a chart that revealed a key support and resistance zone at the top of the "tariff trouble penalty box" we were trapped in.

I said that, thanks to a just-right "Goldilocks" employment report, we were poised to break out of the box to the upside.

And indeed, that's exactly what happened...

... until we were walloped by more tariffs.

But, like many of the tariff announcement reactions of the past couple of months, the markets only did a brief one-day drop - more of a "wiggle" - down.

Of course, I have some charts to show you, including one that I think shows us getting back to some higher ground in the near term...

Markets Are in a Tariff "Penalty Box"… For Now

By , Technical Trading Specialist, Money Morning • @DRBarton_Stocks -

DR Barton

Following week two of the latest round of tariff troubles, our Technical Trading Specialist believes that the markets are momentarily in a tariff "penalty box" and that they're far from believing the world will erupt into an all-out trade war.

In fact, we've been in this situation before...

Today's Markets
DJIA 181.18 (0.70%) 26,031.81
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