Shares of Wal-Mart, Kroger, Costco, Target get crushed. Whole Foods soars.
The death of fundamental analysis.
Fed lays out plan to unwind QE by $600 billion a year. Markets shrug. But “Painful sell-offs eventually materialize…”
Nasdaq hits record, bounces off, plunges.
Auto industry faces “Unprecedented Buyer’s Strike”: Morgan Stanley.
“We know as we’re investing there, we’re also creating a competitor.”
Shares of US Defense Contractors not amused.
Factory-fresh Hyundais stored on vast new gravel lots near Mexican border.
After years of asset stripping by private equity firms and hedge funds.
Spooked by a “housing calamity,” banks, overvalued stocks, and China.