Just a week ago, the S&P500 hit a new all-time high, continuing an epic 5-year bullish run for stocks.
But some market commentators believe we must be heading for a top.
The signs are there if you want to look for them. As of yesterday, the Dow had erased all of 2014’s gains. Forward price-to-earnings ratios are well above both their 5- and 10-year averages. Even Alan Greenspan has said a correction is inevitable given that the rally is now well into its fifth year.
There are other, less technical signs.
We’ve pinpointed the 15 most ridiculous moments in finance of the year so far that might lead one to believe that bull markets are dangerously low on oxygen.
Since his convection 15 years ago on murder charges, Curtis Carroll, now 35, has gained a reputation among inmates at the infamous California penitentiary as an investing wizard. Marketwatch's Catey Hill says that while it's impossible to judge his track record, his advice 'some quite good, some risky and speculative, and most of it brand-new territory for a clientele that lives behind prison walls.
Ok, technically FlyCleaners.com, backed by Union Square's Fred Wilson, will also deliver the rest of your laundry at a moment's notice. Through your phone you just tell them exactly where you need your clothes picked up, and they come to you.
Fresh off a prison stint for felony bankruptcy fraud, concealment of assets and money laundering charges, the former New York Mets and Philadelphia Phillies star has launched a new website, NailsInvestments.com. The group promises to '(apply) the Dykstra's Deep-in-the-money option trading strategies for investors.' It adds that, 'Although Dykstra is NOT a registered financial advisor, stock broker or the like, his proven track record has caught the attention of many, including the professional investors.'
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