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GM To Close 8 Plants, Lay Off Close To 15,000 Workers

GM To Close 8 Plants, Lay Off Close To 15,000 Workers

Things are worse than widely thought in the auto industry. Today, GM provided the proof. GM will close 5 North America plants, another three elsewhere. GM claims it does not see a downturn but will Slash Nearly 15,000 Jobs anyway. Four factories in the U.S. and one in Canada could be shuttered by the end of 2019 […]
Want To See The Future Of Investment Advice? Visit Your Local Auto Parts Store

Want To See The Future Of Investment Advice? Visit Your Local Auto Parts Store

Old Big Red sprung a leak a while back.  Many of you are familiar with Big Red, but there are a few of you who might need an introduction. Big Red is my 18-year-old Chevy Silverado 2500 HD. I realize this may not be the type of vehicle driven by the majority of bankers, money […]
What Thanksgiving Cranberries And Bitcoin Have In Common

What Thanksgiving Cranberries And Bitcoin Have In Common

Football is as much a part of Thanksgiving as turkey and family are, and nearly as old as the holiday itself. It was President Abraham Lincoln who proclaimed Thanksgiving a national holiday in 1863, saying that he hoped all Americans would carve out some time to bless the “widows, orphans, mourners or sufferers in the […]
The Smashing Effects Of A Trade War

The Smashing Effects Of A Trade War

Image by Steve Buissinne sourced from pixabay There was a period of time when I was obsessed with home improvement shows. I’d watch almost anything on the subject: Backyard makeovers, kitchen remodels, gut renovations, you name it. It’s fascinating to see what a skilled craftsman can do with the proper tools. In fact, if there’s […]
Why GE Is Tumbling Again

Why GE Is Tumbling Again

Not a day passes lately without GE stock getting hit by some unexpected development, and today was no exception. GE shares, which are down 58% YTD, dropped over 2% on Monday, after sliding as much as 4.1% earlier in the session and approaching its financial crisis low of $6.66, following a research report by Gordon […]
Bitcoin Pattern Implies A Loss Of $3,000 On November 29th

Bitcoin Pattern Implies A Loss Of $3,000 On November 29th

Bitcoin is sliding once again after a failed attempt to recapture $4,000. Looking at the recent behavior BTC/USD, the next fall will be on Thursday, November 29th. Bitcoin made a recovery attempt following the news that the US state of Ohio will accept the digital currency in 23 different types of business taxes. This is a considerable mainstream […]
Will DOJ Finally Hold Bullion Banks Accountable For Market Rigging

Will DOJ Finally Hold Bullion Banks Accountable For Market Rigging

It is hard to cheer for the Department of Justice these days, but federal prosecutions have begun to offer hope for precious metals investors hurt by rigged markets and crooked traders. The DOJ looks poised to do what regulators at the CFTC have not. They will use evidence of blatant cheating and fraud to hold […]
Energy And Value: 2 ETFs To Watch On Outsized Volume

Energy And Value: 2 ETFs To Watch On Outsized Volume

In the last trading session, U.S. stocks ended lower pressured by falling oil prices. Among the top ETFs, investors saw (SPY – Free Report) and (DIA – Free Report) lose 0.7%, and (QQQ  – Free Report) move lower by 0.7% on the day. Two more specialized ETFs are worth noting as both saw trading volume that was far outside of […]
Bitcoin Keeps Crashing

Bitcoin Keeps Crashing

What a difference a year makes! Last year at this time, bitcoin was in the middle of a run where it seemed to break through 1,000-point thresholds every couple of days (and in some cases even faster). Now, the leading crypto-currency is seemingly crashing through 1,000 point thresholds to the downside on what seems like […]
A Quarter To Forget

A Quarter To Forget

The last two months have been a tough one for the market, especially for the tech stocks that had been the leaders. Amazon, Facebook, Google and others fell hard while so-called “defensive” sectors (utilities, telecoms, consumer staples, etc.) held their own or rose. Traders, hedge funds and many professionals had loaded up on tech stocks, […]