Donald Trump’s Coronavirus Press Conference Completely Misses the Point

A Washington state health official announced the country’s first confirmed coronavirus death on Saturday. Donald Trump held a press conference later that day to give a coronavirus update. Not only did he get the gender of the patient wrong, but he also spent most of the press conference wasting our time. Donald Trump spent the first five minutes his coronavirus press conference on Saturday patting himself on the back for his Taliban deal. He then repeatedly acknowledged his excellent handling of the coronavirus in its early stages. The U.S., meanwhile,…

‘Dumb Money’ Investors Pouring into Virus Stocks; They’re About to Get Wrecked

Retail traders are ditching Virgin Galactic as the space exploration stock collapses from its all-time highs. The retail crowd is flooding into biotech stocks on speculation that they may benefit from the Wuhan coronavirus outbreak. These “dumb money” investors are setting themselves for failure. Many will see their investments evaporate as institutional investors pull the rug out from under them. Retail investors always seem to lose, don’t they? After getting clobbered in Virgin Galactic (NYSE: SPCE), which has fallen significantly from its all-time highs, the dumb money is now moving…

Looking Beyond Ethereum, Crypto Interoperability Is Key

So far, the fast-growing decentralized finance sector has been mostly limited to dApps running on the Ethereum blockchain. Although DeFi Pulse doesn’t yet rank every single DeFi dApp in operation, a cursory glance at the leaderboard shows that ETH dApps dominate.  Only Bitcoin’s Lightning Network makes it into the top 21. This dependency on Ethereum is among DeFi’s most significant vulnerabilities. The network is slow, and thanks to stablecoin transactions hogging the majority of bandwidth, prone to clogging. However, the challenge for DeFi developers working on other blockchains is that…

3 Ways to Protect Your 401(k) From Coronavirus Shock How to Protect Your 401(K) from the Coronavirus Shock

401 (k) holders are running for the hills, selling stocks as coronavirus fear reaches hysteria levels. Despite the declines, 401 (K) investors should stay the course. As the Great Recession proved, those who remained invested nearly tripled their returns ten years later. Be mindful of your portfolio’s concentration. You don’t want to have too much exposure to any one investment. People saving for retirement are understandably freaking out as coronavirus fears affect the global economy. The stock market has plummeted for the sixth day in a row. The Great Recession…

The Stock Market’s Biggest Bear Says S&P 500 Just Flashed a ‘Buy’ Signal

Investor sentiment dropped to extreme fear levels after investors dumped shares at an unprecedented rate. One perma bear believes the stock market just showed a ‘buy’ signal. Other analysts are also seeing signs of a bounce. The stock market has been brutally battered this week. The S&P 500 plunged by over 10% in five trading days before bulls showed up to stop the bleeding. On top of that, the severe correction wiped out over five months of gains in just seven days of trading. It’s no wonder that investor sentiment…

Bitcoin to Soon Explode Past $9,000

After a brutal start to the week that saw Bitcoin crash from $10,000 to as low as $8,500, the crypto market has finally started to show signs of consolidation. According to a well-known crypto trader who has predicted recent price action quite well, this consolidation is a potential sign that Bitcoin will soon re-enter the $9,000s. Such a move, other analysts have said, will confirm that BTC will continue higher, likely moving past its local high at $10,500 prior to the halving. Meet the Trader Who Called Bitcoin’s January Price…

Antonio Brown Needs to Admit His Apology Tour Has Failed

Antonio Brown has continued on his “apology” tour in a desperate bid to get back in the NFL’s good graces. Both the Pittsburgh Steelers and the Las Vegas Raiders have effectively shut the door on Brown, leaving him with few options in the world’s premier football league. It’s time for him to admit his NFL career may be over. Antonio Brown is finally on his best behavior. But his “apology tour” may be too little, too late. It doesn’t look like it’ll secure him a roster spot in the NFL…

Bitcoin Price Falls $1,400 in One Week — Is the Bear Market Back?

This week the equity markets experienced their worst week in 12 years and as this meltdown took place the crypto market also took a hit.  Bitcoin (BTC) and the cryptocurrency market saw a significant selloff this week and this outcome is relatively reasonable given that people sell their assets out of fear of potential economic instability. Other safe-haven assets like gold and silver also saw a massive selloff on Friday.  Are the crypto markets going to find support in the coming weeks, or will we see a continued downtrend in…

The Dow Will Recover – But Not Before Trump Loses to Bernie Sanders

Jeremy Siegel says that the stock market will recover from its recent crash, but only after a “one-year shock.” That recovery may not come soon enough to save Donald Trump’s reelection chances. The next time the Dow sets an all-time high, will the credit go to Bernie Sanders? As the stock market recoils from its worst crash since the financial crisis, Wharton School finance professor Jeremy Siegel has some good news and bad news for President Donald Trump. The Dow Jones Industrial Average (DJIA) will recover… but not until he…