Now that the Fed has finally started to peel off the quantitative-tightening Band-Aid, things should start getting back to normal. That's a good one, given no one really knows what normal is these days. A pullback from the record highs of yesterday looks to be in store, and gold bugs should cover their eyes, because the market has been playing catchup to Fed rate-hike hints. We’re diving right into our call of the day, which comes from Jim Rogers. In a sweeping interview with RealVision TV, the veteran investor warns another bear market is coming, and that it will be “horrendous, the worst.” It’s the level of debt across global economies that will be to blame, he says. And retail investors who
Ryanair CEO Michael O'Leary admitted mistakes to disgruntled shareholders Thursday as the airline struggles to overcome a scheduling crisis that is costing the company millions of euros. Speaking at Ryanair's annual general meeting, O'Leary said he planned to force pilots to give up a week of vacation time this year to prevent further flight cancellations. Ryanair, a no-frills airline based in Dublin that is Europe's biggest carrier by number of passengers, is cancelling 2,100 flights over the next six weeks because it "messed up" the allocation of annual leave as it shifts to a new holiday scheduling system.
Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need