Lots of big economic data out this morning: 1st quarter GDP was revised up to a still-sluggish 1.2%, while April Durable Goods disappointed. But consumers remain ever-hopeful, as Consumer Sentiment came in better than expected. Yahoo Finance's Alexis Christoforous is joined by Keith Bliss of Cuttone and Company from the floor of the New York Stock Exchange to discuss.
This bull market has been going strong for over eight years. And a lot of the classic warning signs are flashing red and the bears no it. UNFORTUNATELY, history shows that some of the biggest gains in the stock market occur when bull markets are about to end.
Billionaire investor Paul Singer has a bleak outlook for Wall Street and has built a $5 billion rainy-day fund in preparation for what he describes as “all hell” to be loosed upon the world.