Billionaire investor Warren Buffett was a sharp critic of Donald Trump during the presidential campaign, but said in an interview broadcast by CNN Friday that he expects the stock market to continue rising.

“The stock market will be higher 10, 20 and 30 years from now and it would have been with Hillary [Clinton] and it will be with Trump,” Buffett said. Suggestions by market pundits that stocks would plunge after a Trump victory were “silly,” he said.

Read the Full Article: Source – Market Watch
Time For Truth: (Market Watch) – Trump critic Warren Buffett says stocks will continue to rise

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The reaction among the United States’ strongest allies in Asia — Japan and South Korea — was more severe, however, as local stock markets plunged.

As news of Donald Trump’s shocking presidential win was reverberating around the world Wednesday, media coverage in China was oddly scant — and not by accident.

Read the Full Article: Source – Hollywood Reporter
Time For Truth: (Hollywood Reporter) – China Responds to U.S. Election With Heavy Censorship, Light Schadenfreude

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It is getting dicey out there for Wall Street investors, although stocks eked out a modest rise on Friday.

U.S. equities have been bouncing around lately. And the trend has been predominantly lower. Although it hasn’t been the sort of dizzying tumble for equities that would elicit an instant spike in fear, it has been, however, the kind of plodding descent that has the Dow Jones Industrial Average DJIA, +0.22% down nearly 300 points since the end of July.

Read the Full Article: Source – Market Watch
Time For Truth: (Market Watch) – The stock market is turning into a sloppy, ugly mess—and it could get worse

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The classic line about financial markets is that they can deal with good news and they can deal with bad news, but they just can’t handle uncertainty.

By that reckoning, it’s a wonder markets aren’t in full-blown cardiac arrest right now. There’s the bizarre drama and uncertainty of the presidential race, of course. But add to that a host of other unknowns that may have much more bearing on the economy and your finances than whoever wins the White House.

Read the Full Article: Source – LA Times
Time For Truth: (LA Times) – Protect your money: Look out for these uncertainties looming over the economy

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HSBC’s technical-analysis team has thrown up the ultimate warning signal.

In a note to clients released Wednesday, Murray Gunn, the head of technical analysis for HSBC, said he had become on “RED ALERT” for an imminent sell-off in stocks given the price action over the past few weeks.

Gunn uses a type of technical analysis called the Elliott Wave Prinicple, which tracks alternating patterns in the stock market to discern investors’ behavior and possible next moves.

In late September, Gunn said the stock market’s moves looked eerily similar to those just before the 1987 stock market crash. Citi’s Tom Fitzpatrick also highlighted the market’s similarities to the 1987 crash just a few days ago. On September 30, Gunn said stocks were under an “orange alert,” as they looked to him as if they had topped out.

Read the Full Article: Source – Business Insider
Time For Truth: (Business Insider) – HSBC: RED ALERT — get ready for a ‘severe fall’ in the stock market

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