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US stocks surge as investors buy the dip

published about 2 hours ago
US stocks surge as investors buy the dip
The Dow Jones Industrial Average rose 425.0 (2.59 percent) to 16,805.41, while the tech-rich Nasdaq Composite Index leaped 225.28 (5.29 percent) to 4,483.72. "Some say, 'That's the biggest correction I've seen in 2014, I'm buying now,'" said Art Hogan, chief market strategist at Wunderlich Securities. Market sentiment had at times veered near panic earlier in the month on worries about slowing economic growth in Europe and China and, more recently, Ebola.

Ruble Faces New Wave of Pressure

published about 2 hours ago
A new wave of pressure is hitting Russia’s ruble as the market is becoming convinced that the central bank won’t be able to halt its slide.

The New Rules of Estate Planning

published about 2 hours ago
A higher exemption for the federal estate tax is shifting the focus to minimizing capital-gains taxes and state levies. Here are the latest strategies.

Sodastream Surges After Cutting Small Deal With Pepsi

published about 3 hours ago
Sodastream Surges After Cutting Small Deal With Pepsi
A partnership with Sodastream could help Pepsi combat weakening sales among health-conscious consumers.

The Markets Not Making Sense Says Dennis Gartman, Austrian Business Cycle Theory Can Help

published about 3 hours ago
We wrote a piece on October 16th entitled, Austrian Business Cycle Theory, Money Supply and Investment Success. In it we made the case that an investor armed with Austrian Business Cycle Theory (ABCT) has a competitive edge in the fight for investment returns.  Indeed, we would say that without ABCT investors are at a competitive disadvantage, for it is only through ABCT that one can truly understand what is underpinning the economies and financial markets of today.