…most of the Bitcoin community has moved on from Mt. Gox, but the severity of the collapse ensures it will never be forgotten.
For months, Wall Street insiders have passed this chart around amongst themselves and nervously discussed whether it foretells a major stock market sell-off.
The chart compares the path of the current Dow Jones Industrial Average over the past year and a half to the Dow’s moves over the 1928-1929 period.
While the Dow is trading at a much higher level now than in the 1928-1929 period, the pattern is eerily similar to the path that led to the worst stock market crash in Wall Street history, right up to the recent stock market sell-off and recovery.
A fresh crisis may be the beginning of the end for Bitcoin exchange Mt. Gox, but the harm to the digital currency itself will be temporary.
Fans of the digital currency woke up Friday trying to figure out why Bitcoin prices are falling after more than a month of relative price stability on the Japan-based exchange.
Calling what we’re experiencing a bull market is like calling the Grand Canyon a ditch.
Investors love bullish trends like the January Effect – but does this rally even exist like it used to?
Einhorn wasn’t ready for the world to know he was short. He liked that the price was high; it gave him an opportunity to short discreetly at elevated prices.
The stock market today is still climbing, two days after Federal Reserve Chairman Ben Bernanke made the surprising announcement that the Fed would start tapering its quantitative easing policy in January.
So-called “bail-ins,” which give banks the right to dip into your savings to pay for their lousy financial decisions, have been on the table for years, ever since Cyprus tested the idea.
Call it the “Milk Cliff” or “Dairy Cliff” or “Cow-a-Bunga-Maggedon.”
The warning signs of a stock market crash in 2014 are getting harder and harder to ignore…
Several prominent market watchers, including Ben Inker, head of the asset allocation group at GMO, and John Hussman of the Hussman Funds, say the markets are about 40% overvalued.