Wall Street off new historic highs (SPY +0.7%) after the DOW hit the 20K mark in an ascent from 10,000 that has taken almost two decades. The nay-Sayers are claiming the investors buying in now are about to be taken to the cleaners.
Here is the current market situation from CNN Money
North and South American markets are mixed today. The S&P 500 is up 0.71% while the Bovespa gains 0.14%. The IPC is off 0.08%.
SAN FRANCISCO (Reuters) - Cisco Systems Inc said on Tuesday that it agreed to buy U.S. business software company AppDynamics Inc for about $3.7 billion, making one of its largest deals of recent years as it searches for growth beyond its core networking business.
(Reuters) - Boeing Co beat analysts' profit estimates on Wednesday despite another charge for its military tanker aircraft and said it expects to deliver more planes and higher earnings in 2017, though revenue likely will fall.
HAVANA (Reuters) - A Cuban trade delegation arrived in the United States this week to visit four states and six ports, even as the Trump administration pondered what to do with a fragile detente initiated by its predecessor.
BOSTON (Reuters) - State Street Corp on Wednesday reported a 3.4 percent drop in fourth-quarter revenue and said it lost more than $1 trillion in custody assets to JPMorgan Chase & Co Inc , sending State Street stock tumbling as much as 7.5 percent.
WASHINGTON (Reuters) - Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging the chip supplier abused its clout in the chip industry and seeking 1 billion yuan ($145.32 million) in damages, Beijing's Intellectual Property Court said in a statement on Wednesday.
LONDON (Reuters) - Royal Bank of Scotland is demanding that thousands of shareholders suing the bank over a 12 billion pound ($15 billion) cash call in 2008 prove they have appropriate insurance cover to meet the hefty risks of a trial now slated for May.
NEW YORK (Reuters) - A federal judge has blocked litigation that the trustee liquidating Bernard Madoff's firm said could undermine a $7.2 billion settlement meant to benefit the Ponzi schemer's former customers.
Contrary to reports in the media, the crowd sourced investigation labeled by some as "Pizzagate" did not begin with internet sleuths digging through the Wikileaks Podesta Files releases looking for pizza parlors and encoded language discussing human trafficking. It began with the shocking discovery that Hillary and Bill Clinton provided assistance to convicted child trafficker, Laura Silsby, resulting in a reduced sentence for child trafficking.
Silsby was arrested at the Haitian border attempting to smuggle 33 children out of Haiti without documentation. Her sentence and charges were reduced after an intervention by Bill Clinton. In the aftermath of Silsby's arrest, her originally retained lawyer Jorge Puello was arrested in connection with an international smuggling ring accused of trafficking women and minors from Central America and Haiti. The revelation of this news in November was either ignored by the Western media or attacked by Clinton controlled publications.
I. Hillary Clinton Intervened Politically on Behalf of Laura Silsby
Laura Silsby is the former director of The New Life Chil ...
In a preview of his first one-on-one interview since being sworn in as the 45th president of the United States, President Trump told ABC that Mexico would be paying for the proposed border wall and that negotiations between the two nations would begin "relatively soon."
Confirming what he has stated all along - and is likely included in his forthcoming executive orders, Trump remarks...
"Ultimately, it will come out of what's happening with Mexico ... and we will be in a form reimbursed by Mexico, which I've always said," Trump said.
During the interview, which took place at the White House this morning, Trump said that Mexico would pay the U.S. back "100 percent."
He confirmed that U.S. taxpayer dollars would be used to start the construction but said reimbursement would follow.
"All it is, is we'll be reimbursed at a later date from whatever transaction we make from Mexico," he said. "I'm just telling you there will be a payment. It will be in a form, perhaps a complicated form. What I'm doing is good for the United States. It's also going to be good for Mexico. We want to have a very stable, very solid Mexico."
When asked about the start of construction, Trump said it would happen in "months."
"As soon as we can, as soon as we can physically do it," he said. "I would say in months, yea. I would say in months -- certainly planning is starting imm ...
Donald Trump hit the ground running after his Inauguration on Friday, when two hours into his Administration he suspended a plan by Barack Obama to slash premium rates on some federally backed mortgages. The plan would have lowered FHA premiums by a quarter point. It's an interesting first step for a President who made his fortune in RE. Housing should be used for shelter, not for speculation. Rapidly rising house prices do not strengthen a nation, they weaken a nation. Capital needs to go into productive enterprises. Housing on a net basis is not productive at all. It sucks capital away from truly productive endeavors. But politicians love giving out "freebies", and virtually everyone is convinced that a strong housing market is a sign of a strong nation. And politicians want to look like they have big hearts, and care about us all. So th ...
Prominent market technician Ralph Acampora thinks the stock market has more room to run over the near term, despite a trend that has seen the Dow steadily walk back from the psychologically significant level of 20,000.
The Dow Jones Industrial Average on Wednesday hit the psychologically significant threshold of 20,000 in intraday trade, representing a milestone for the blue-chip gauge and highlighting a relatively speedy path higher for the stock market in the wake of Donald Trump's election win in November.
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