Social media commentators frequently make jokes about the “Plunge Protection Team” saving the U.S. stock market from collapse every time it dips, but I suspect that most of them don’t even know what the Plunge Protection Team is, or whether it even exists. It is a real entity, or only a conspiracy theory?
For Furloughed Workers, the Government Recommends Doing Handyman Work for Rent and Hiring a Personal Attorney
With the government shutdown likely to continue into the new year, the ripple effect is being felt by Main Street while our elected leaders squabble over border wall funding and other issues.
As a former public, private, and charter school teacher at multiple grade levels, I’ve experienced the gamut of classroom experiences that the American educational system has to offer. And unfortunately, given my personal experiences along with those of others and the available research data, I’m obliged to give the currently existing system a failing grade.
Wednesday’s record 1,086-point (or +5%) single-day surge in the Dow Jones Industrial Average, and a nearly +5% jump in the S&P 500, might have felt exhilarating for market bulls. However, a look back at price action during past crashes indicates that sharp, sudden rallies are typical behavior during sustained bear markets.
Despite the seasonal promise of a December recovery, the stock market action on the day before Christmas will make its mark in the record books – but there’s no merriment, no gifts to be given, except perhaps to short sellers and put option holders as the major market indexes get roasted on an open fire.
In a nation with a nearly $22 trillion debt and tuition costs rising every year, perhaps it shouldn’t be surprising that U.S. student loan debt is sky high.
It happens every year without fail: when the holiday season approaches, stock market analysts and investors start buzzing about an upcoming “Santa Claus rally". Can we really count on a turnaround as the year limps to the finish line?
Expecting their most recent monthly bonus to arrive in the form of Venezuelan bolivars, pensioners were undoubtedly stunned to find that the government had, without their consent, converted their bonuses into the petro, a currency that is mostly unusable today.