Investors are understandably confused about recent price action in stocks, bonds and gold. After a nearly nine-year bull market, stocks have just experienced their fourth 10% correction, and the first since January 2016. This correction is the most mysterious of all, since there is no easily identifiable cause such as the Chinese devaluation that
After briefly flirting with trading cryptocurrencies themselves, Goldman Sachs has now seen the light and is saying that most cryptocurrencies are heading to zero, according to this article. Goldman’s assessment is mostly right. All of the cryptocurrencies that rely on clunky “proof of work” to validate their blockchains, such as bitcoin, are heading for the
We all recall Mary Shelley’s novel Frankenstein, written in the early 19th century. It tells the story of Dr. Victor Frankenstein who creates a grotesque monster in an experiment and then brings it to life. The creature seems civilized at first, even reading books, but then falls into fits of rage and goes on a
Selling volatility is a trading strategy that can make consistent profits for very long periods of time only to see those profits wiped out seemingly in the blink of an eye. Most markets are orderly most of the time. If that were not true, markets would not be able to fulfill their price discovery
Watching U.S. stocks plunge over 10% in the past 10 days has certainly been a sobering experience for investors. But it’s not the end of the world. U.S. stocks suffered 10% corrections in August 2015 and January 2016 and bounced back quickly both times. This time may be different. Stocks may have further to
What do you get when you combine artificial intelligence, human intelligence experts, behavioral psychology, history, and complexity science? You get something that looks like magic. You get RAVEN™, patent pending, the predictive tool developed by Meraglim™ for analysts and investors. In today’s episode, Kevin Massengill, Meraglim’s founder and CEO, argues that the emperor has no
As China was piling up huge multitrillion-dollar trade surpluses between 2000 and 2010, certain Chinese companies with access to those reserves went on global shopping sprees. The biggest of the big spenders was HNA Group, a Chinese conglomerate that is believed to be backed by favored members of the Communist Party of China and possibly
I’ve said for years that bitcoin is a fraud, a Ponzi and a bubble all at the same time. I based this on analysis of price activity and certain other technical analyses and some anecdotal evidence. Critics have always demanded “proof” that bitcoin was a fraud with smoking-gun-type evidence. That was difficult at first because
