The virtual current Bitcoin jumped $400 in one day and reached a new all-time high of $7,454.04 this past Friday. The cryptocurrency has soared a staggering 640% so far this year alone. It should be noted that bitcoin is mostly banned in countries like China. Any time an asset rises so much in a short period …
Continue reading ‘Is Bitcoin heading into a Classic Bubble?’ »
The Dow Jones crossed the 23,000 mark and closed at 23,157.60 yesterday. This year alone the Dow has crossed four thousand point thresholds. The following table shows the 1,000 point milestones of the index since its inception: Click to enlarge Source: The Dow Crosses 23,000 by Jamie Farmer, Indexology Blog, S&P Global
The Dow Jones crossed 23,000 for the first time today. The S&P 500 has also made record gains since the Global Financial Crisis(GFC) of 2008-09. In fact, the current cyclical bull market is the second strongest in terms of returns and is also the second longest since World War II according to an article by …
Continue reading ‘Cyclical Bull Market in US Stocks Since World War II’ »
Stocks in the Euro Zone are still lagging behind in terms of recovering previous losses. For instance, the benchmark Euro Stoxx 50 index has still not reached the peak attained before the Global Financial Crisis of 2008-09 as shown in the chart below. In addition, the record high of 5,405 before the dot com bust …
Continue reading ‘Euro Zone Stocks Have Still Reached Their Previous Peaks’ »
On 19 October 1987 the Dow Jones fell an astonishing 22.6% making it the worst one day fall in its history. That day has gone into the history books as the “Black Monday”. Though Black Monday was a terrible day for equity investors it was just a blip in the long term returns of the US …
Continue reading ‘Black Monday Was Just a Blip in the Long Run’ »