Update July 19, 2020: Stock buybacks are reportedly down 98% over the last year as of June 2020.In the wake of negative United States economic news this month, there's been a lot of talk about stock buybacks. The controversy is this: should major companies that have been buying back their own stocks as a means … Continue reading Why Are Stock Buybacks Bad?
In a recent piece on building a portfolio that can withstand any market environment, we discussed how many considered a 100% stock portfolio as the place to be during the last ten years. Then came a global pandemic and oil price war that set stocks back about 30% year to date. Disappointingly, other asset classes … Continue reading Hiding Places: Profitable ETFs During the Coronavirus Bear Market
Update: The building was demolished on February 17, 2021. The simple answer to the headline's question is Carl Icahn, the 84-year-old billionaire and supporter of President Donald Trump, the casino's namesake. That's the simple answer to this question, but the Trump era is a constant barrage of changing news stories, so much so, that the … Continue reading Who Owns the Trump Plaza Atlantic City and What is Going on With it Now?
On Monday, March 9, 2020 something that rarely happens took place. When the S&P500 dropped 7% within 3 minutes of the markets open, it triggered a 15 minute closure of the market known as a circuit breaker. The equities and options exchanges, according to the New York Stock Exchange, have procedures to kick in a … Continue reading What is the Purpose of a Circuit Breaker for the Market?