😖😖😖 #faang#techstocks#GEstock#oilsanctions#strongdollar ? Yeah whatever #petrodollar#swansong
. //excerpt The real reason why the stock market is down
CNN News11:19 amNovember 12, 2018
Why are stocks falling again? President Donald Trump says it’s because Democrats are gearing up to use their impending control of the House of Representatives to investigate him. As always, when it comes to the markets, the real answer is complicated.
The Dow fell as much as 511 points on Monday, dragged down by investors’ concerns about the tech sector and the rising dollar. By mid-afternoon, the Dow was down 400 points. The Nasdaq fell 2% and the broader S&P 500 fell 1.2%. Apple (AAPL) fell 5% after supplier #Lumentum cut its earnings and sales forecast because of weak demand, and #JPMorgan cut its target price on Apple’s stock. That weighed on other technology stocks, including Amazon (AMZN) and Tesla (TSLA) — down 4% — as well as Facebook, which fell 3%. Google (GOOGL), Netflix (NFLX) and Microsoft (MSFT) were all down more than 2%. .
The strong dollar also weighed on stocks. The US currency surged to a 16-month high because investors fear the European economy could stall if no Brexit deal is reached this week. Prospects of another rate hike from the Fed next month have also helped lift the dollar. The rising dollar is a signal of a strong economy, but it hurts sales and profits for American companies that do business overseas.
Friday Financial Fact
In 1986 when Microsoft first became a public company you could have bought 5 shares of the stock for about the price of 1 license to the Windows 1.0 operating system ($100). Today, the first version of Windows is not anything but those 5 shares would be worth over $150,000!! #fridayfinancialfact#technerd#financenerd
This Weird Rooftop Pod Will Deliver the Death Blow to 'The Big 3' Cable Companies"
AND “Is $7 Internet Coming to Your State (in the whole of US) This Year?" (Hint: no!).
Customers now using internet from the heavens have called it a game changer – clocking in at 12 times faster, yet 10 times cheaper than what they were forced to use before.
Here’s the best part… “Until now, the precursor to this extraordinary technology has only been rolled out to 15 countries around the world. “But soon, it could replace dial-up, cable, DSL and even fiber in every city and town in America. “Making the lives of virtually every American more affordable and far less stressful.”
“It Takes Just Three Halo-Fi “Micro-Routers” to Cover an Area the Size of India. “And to blanket the entire earth in high-speed internet?
What’s all the hype about Bakkt?
Bakkt is owned by ICE, the same company that owns the New York Stock Exchange (NYSE). Unlike the potential ETF’s that won’t be backed by actual bitcoin,
Bakkt is going to allow people to invest in actual bitcoin with their 401k retirement plans.
This will allow the money to remain liquid in between exchanges for investors, and will cause a huge scarcity in crypto assets.
Long story short: weMaeeeedit. - Piper, CEO & Co-Founder of Wolf PAK Investing
3 313:59 PM Oct 21, 2018
We’ve only been seeing bad news about the stock market and good news about the crypto market. Buckle up fam it’s going to be one heck of a ride 🚀📈