CategoryOp-ed

In Backing Elon Musk, Has This Legendary Fund Manager Lost His Mind? 

Elon Musk, Tesla, Ron Baron

By CCN Markets: Widely admired and successful mutual fund manager Ron Baron, CEO and chief investment officer of the Baron Funds, expressed his support for Elon Musk and Tesla on CNBC on Tuesday. What is Ron Baron Thinking? This comes as a bit of a surprise, because Ron Baron has a multi – decade history of prudent and diligent investments across all kinds of stocks. Virtually every one of his...

Netflix Is Toast as It Faces Apple's $6 Billion Streaming Investment

netflix, apple

By CCN Markets: The walls are closing in on Netflix. Apple is not only going to debut its streaming video service within the next two months but has boosted spending on its service from $1 billion to $6 billion. Big Shows, Big Budgets, Big PR This gigantic capital increase is a vote of confidence in Jamie Erlicht and Zack Van Amburg, whom Apple poached from Sony TV studios following the pair's...

Bitcoin May Plunge as It Prints a Familiar Bearish Structure

bitcoin

By CCN Markets: In technical analysis, a support area gets weaker every time the prices touches it. That’s because each tap drains the strength or the demand at the support. A good example of this principle is the bitcoin breakdown of the $6,000 support on Nov. 14, 2018. In the chart above, you’ll see that bitcoin bulls fought tooth and nail to keep the support of $6,000 alive. With each tap, the...

HODL Bitcoin: Trump Signature Hikes National Debt by $1.7 Trillion

donald trump, US national debt, bitcoin

By CCN Markets: Donald Trump might not like bitcoin, but he's doing an excellent job creating the economic conditions in which the leading cryptocurrency can thrive. Need proof? Just look at the US national debt, which crossed the $22 trillion mark in February and has ballooned by nearly $400 billion more in the six months since then. $22,389,559,542,935.74 (+) #NationalDebt — National Debt...

J.Lo and A-Rod Backed a Fintech Play. They Should Invest in Bitcoin Next

jennifer lopez, alex rodriguez

By CCN Markets: It’s not unusual to see A-listers diversify their income streams by investing in promising ventures. We recently learned that celebrity couple Jennifer Lopez and Alex Rodiguez have dipped their toes into the financial industry by investing in fintech firm Acorns Grow Incorporated. Welcome to the family. 🙌🌳 #GrowYourOak pic.twitter.com/bVrakSwgG5 — Acorns (@acorns) August 19...

Facebook's Libra Spooks China Into Rushing Central Bank 'Crypto'

facebook, libra, crypto, china

By CCN Markets: We now know the reason why China’s central bank appears to be rushing to issue its “cryptocurrency” as quickly as possible. Beijing, reports suggest, is worried that Facebook’s Libra “cryptocurrency” will launch first. Communist Party Mouthpiece: China Wants to Beat Facebook With Knock-Off 'Crypto' According to English-language newspaper China Daily, the People’s Bank of China...

Economists: You Don't Need to Worry About a Recession - Yet

housing crisis, recession

By CCN Markets: Investment management firm First Trust put out an important note on Monday regarding a potential recession. Entitled "This Is Not 2008," the note from First Trust’s chief and senior economists make important points about the inverted yield curve we’ve been hearing a lot about. History Doesn't Always Repeat Itself First Trust points out that, while inverted yield curves have...

The Bitcoin Skeptic: Bitcoin Isn’t a Hedge for Anything

By CCN Markets: As the bitcoin skeptic here at CCN, my job is to provide counter-arguments to the bitcoin bulls. Today I’m going to debunk the claim that bitcoin is a hedge against anything, much less the stock market. What Is a Hedge?  It Sure Ain't Bitcoin! A “hedge” is an investment made to offset some form of risk. It can take many forms. An investor may purchase put options on the stock...

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