Why Does Speculation Persist in the Age of Predictive Data?
by Gayle Rogers
"During this pandemic, all of us have studied many data points to assess our risks and predict how safe our futures will be under X or Y scenarios. Even when there has been no shortage of data, even when the data have overwhelmed us, the future has never been made certain and clear for us by them. Instead, we have had to become speculators to some degree."
SOURCE: Financial Times
The Biggest Lesson of GameStop
The GameStop episode highlights a dangerous development in the last 40 years of capitalism's history: the linking of broad-based purchasing power to the fluctuating prices of financial assets held in retirement accounts.
SOURCE: Washington Post
Live Updates: U.S. Stocks Nosedive, Trading Paused as Emergency Fed Action Fails to Mollify Investors
The Dow plunges 2,300 points as a brutal coronavirus-fueled sell-off intensifies.
What Caused the Stock Market Crash of 1929—And What We Still Get Wrong About It
For the 90th anniversary of Black Thursday, TIME spoke to financial historian Richard Sylla, a Professor Emeritus of Economics and the former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University Stern School of Business and Chairman of the board of the Museum of American Finance in New York City.
Trump impeachment? History suggests Wall Street ought not worry
The move by Democrats in the U.S. Congress on Tuesday to launch a formal impeachment inquiry into President Donald Trump has caused nervousness on Wall Street - but history suggests investors need not worry.
A Concise History of Presidential Commentary on the Stock Market
“It is not unheard of to have presidents comment on the stock market, even though it’s not considered to be a good idea. It can actually spook investors.”
Sure, the Economy’s Great Right Now, but that Doesn’t Mean Trump Deserves the Credit
by Robert Brent Toplin
Usually it takes four or five years for the effects of flawed policy-making to become broadly evident.
President’s market record slips to 8th from 3rd after trade war with China begins
Here's how his record compares with past presidents'.
Want to know who will win the White House? Watch the stock market.
Wall Street is often right about presidential elections. It's banking on Donald Trump.
The Bubble of Emerging Markets Pops
by Guy Laron
Is it 1929 all over again? The striking parallels.
Midterm Election Mind-Reading: The Market Tends to Win
The market has a tendency to rally no matter which party wins a midterm election.
SOURCE: The Telegraph
David Schwartz, stock market historian, dies
Schwartz studied statistics and was a regular commentator on stock market trends.
Richard Sylla, historian at NYU's Stern School, on the record Dow
The Dow Jones Industrial Average goes back to May 26, 1896. Richard Sylla goes a lot farther back than that.Sylla, an economist at the Stern School of Business at New York University and chairman of the Museum of American Finance, is one of the nation’s most eminent financial historians. He is a natural source to put the Dow’s latest record in long-term context.The historical perspective, Sylla tells me in this recent video interview, suggests that “if we’re lucky we may see a series of these all-time highs.” He adds wryly, “There are such things as bull markets.”...
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