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Nvidia Surge Echoes Cisco's 1990s Run: 'More Upside Before It Crashes... If It Crashes,' Top Wall Street Analyst Says
Monday, January 29, 2024 - 11:41am | 696Wall Street analyst Ed Yardeni is drawing parallels between Nvidia Corp.‘s (NASDAQ:NVDA) current stock market rally and Cisco Systems Inc.‘s (NASDAQ:CSCO) meteoric ascent during the 1990s tech bubble. Nvidia could potentially soar even higher before facing any risk of a downturn—if...
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Alan Greenspan Issues Dot-Com Bubble Warning On This Day In Market History
Friday, January 20, 2023 - 10:56am | 359Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Jan. 20, 1999, Federal Reserve Chairman Alan Greenspan issued a historic warning to Congress about stock market valuations. Where Was The Market? The S&P 500 traded at 1,256.62 and...
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Alan Greenspan's Famous 'Irrational Exuberance' Speech Came On This Day In Market History
Monday, December 5, 2022 - 11:11am | 425Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day in 1996, Federal Reserve Chairman Alan Greenspan gave his famous “irrational exuberance” speech, warning investors of inflated stock prices roughly four years before the...
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Stocks Plummet As Powell Doubles Down On Fed's Inflation Fight Until 'The Job Is Done'
Friday, August 26, 2022 - 9:44am | 594Federal Reserve Chair Jerome Powell was among the most anticipated speakers at the Economic Symposium in Jackson Hole, Wyoming Friday. Here’s a look at what Powell said in the fight against inflation. What Happened: Powell said the Federal Reserve’s goal remains getting...
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If You Invested $100 In SPY, Apple Or Amazon When Fed Last Hiked Rate By 0.5%, Here's How Much You'd Have Now
Thursday, May 5, 2022 - 6:05am | 448The U.S. Federal Reserve raised interest rates by 0.5% in more than two decades on Wednesday. The target fed funds rate now stands between 0.75% and 1.0% as the central bank cited elevated inflation as its reasoning for hiking the interest rates. The Previous Hike The last such rate hike took...
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This Day In Market History: Alan Greenspan's First Fed Meeting
Wednesday, August 18, 2021 - 9:08am | 310Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1987, Alan Greenspan chaired his first Federal Reserve meeting. Where The Market Was: The Dow Jones Industrial Average closed at 2,654.66 and the S&P 500 traded at...
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Former Federal Reserve Chairs Pen Op-Ed: 'America Needs An Independent Fed'
Tuesday, August 6, 2019 - 8:26am | 345A handful of former Federal Reserve leaders deplored the central bank's current leadership to act independently and implement policies in the best interests of the economy. What Happened Former Fed leaders Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen wrote in a Wall Street...
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This Day In Market History: Dot-Com Bubble Swells To Its Max
Monday, January 14, 2019 - 8:44am | 358Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Jan. 14, 2000, the bull market ended as the internet bubble peaked. Where The Market Was The S&P 500 struck an intra-day high of $1,473, while the Dow Jones Industrial Average...
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Presidents Vs. The Fed: We've Been Here Before
Thursday, December 27, 2018 - 12:01pm | 1029Fed Chairman William McChesney Martin is a towering figure in the nation’s financial history, in part because of his long service in the role during the terms of five presidents from Truman to Nixon. But on a December day in 1965, when he was summoned to President Lyndon B. Johnson’s...
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Barron's Picks And Pans: Alibaba, Citizens Financial, FAANG Stocks And More
Sunday, October 21, 2018 - 4:42pm | 800This weekend's Barron's cover story shows why emerging markets may be ready to rebound. Other featured articles examine why stocks will rally in 2019 and how to play preferred stock as yields rise. Also: the prospects for Chinese internet giants and the FAANG stocks. "Today's...
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Greenspan: Bitcoin Could End Up Like Colonial American Currency—Worthless
Wednesday, December 6, 2017 - 3:21pm | 451The price of bitcoin soared above the $10,000 mark last week only to cross the $13,000 level Wednesday. Naturally, the debate over bitcoin's true value will intensify in 2018 and beyond with some experts expecting the digital currency to hit $40,000 and others expecting it to reach zero...
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Bonds, Yields And Interest Rates – The Confounding Relationship Explained
Sunday, August 13, 2017 - 5:06pm | 1219A bond is an asset class meant for those looking for a relatively safer investment avenue. Usually, an investor adds bonds to his portfolio to mitigate any loss stemming from a decline in equities. As always, with less risk comes fewer returns. Therefore, returns from bonds most often trail the...
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Does Bitcoin Actually Hold Any Value At All?
Wednesday, August 2, 2017 - 12:01pm | 986The NYSE Bitcoin Index is up another 189 percent so far in 2017, as bitcoin continues to rise in popularity among traders. Some bitcoin investors see the cryptocurrency as a safe haven against inflation and pricey stocks and bonds. Others see it simply as a short-term momentum trade. But does...
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Bond Bubble About To Burst?
Tuesday, August 1, 2017 - 2:32pm | 536With the S&P 500 trading within a stone’s throw of all-time highs and Goldman Sachs recently drawing calculated comparisons between leading tech stocks today to those leading the dot-com bubble in 2000, investors are growing increasingly concerned that the stock market may once again be...
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The 'Irrational Exuberance' Of 1996, And How You'll Know It Has Returned
Tuesday, April 11, 2017 - 8:02am | 1646"Irrational Exuberance," the phrase made popular by former Fed Chairman Alan Greenspan has come to haunt the markets once more. The markets have been on an extended rally, in place since the economy exited the Great Recession in 2009. Rampaging Bull Officially, the recession ended in...