The Daily Crux
What if you could retire 10 years early?
It wouldn't take any special intelligence or talent or unusual gift. You wouldn't have to amass a fortune... Yet you could retire 10 years ahead of schedule. This gentleman did it. An ordinary Joe... An electrician by training... Yet at 49, he retired. And for the last decade, he's been enjoying a second life... and a jet-set one at that.
By June 30th, the first domino will fall
There's an impending U.S. financial collapse that the folks in Washington won't tell you about. In fact, on June 30th the first (and perhaps second) in a potentially long series of critical "domino events" will radically change the American financial landscape. Discover what this domino is... and more importantly, find out how to protect and grow your wealth as it happens.
Warning: Take these simple steps BEFORE the next disaster strikes
"You could have less than 20 minutes to respond to the next disaster, terrorist attack, or pandemic," says urban survival expert David Morris. To survive, you must have a proven plan to follow in a crisis. David is now offering his urban survival course (taken by over 4,000 military and law-enforcement personnel and civilians) FREE to our readers.
Free video blows the lid off Wall Street's mysterious "Flash Point" indicator
One of the world's top analysts just released a remarkable new video. In it, he exposes the secrets of a closely guarded indicator... One that Wall Street firms like Vanguard, Barclays, and Fidelity have used to extract hundreds of millions of dollars from the stock market every day. This brief presentation shows you how to copy this surprisingly simple technique...
Weekly Roundup
JUNE 10, 2011
MarketWatch top 10 stories June 6 - 10
By MarketWatch
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The extended slide followed several weeks of economic reports that have largely disappointed investors. The Dow Jones Industrial Average (DJIA) was down 172.45 points, or 1.4%, at 11.951.91 — its lowest close since March 18. For the week, the blue-chip index shed 1.6%.
The six-week losing period, which has knocked 6.7% from the Dow, is the longest stretch since October 4, 2002, when the index lost 15%.
The S&P 500 Index (SPX) ended down 18.02 points, or 1.4%, at 1,270.98. It's lost 2.2% for the week, its sixth straight loss, or the longest weekly losing stretch since July 2008.
The Nasdaq Composite Index (COMP) fell 41.14 points, or 1.5%, at 2,643.73, losing its grasp of year-to-date gains. The Nasdaq has fallen for five of the past six weeks.
MarketWatch has coverage of this rally of the bears over the weekend, along with features and commentary on everything from commodities to Keynesianism. Please be sure not to miss our Week Ahead videos for Asia, Europe and the United States.
Europe's Week Ahead: Glencore, Barclays Asia's Week Ahead: China CPI, Bank of Japan U.S. Week Ahead: Bank rules, retail sales Tablet war pushes PC makers to focus on R&D
Competition in the tablet sector is pushing personal-computer makers to focus more on research and development and Web-based ecosystems so their products can stand out in an increasingly crowded market. Read MarketWatch's analysis about how tablets, smartphones are other mobile devices are changing innovation in the PC marketplace.
Citigroup customer records hacked
Citigroup suffered a security breach by online hackers, potentially giving them access to data belonging to hundreds of thousands of bank-card customers, according to a report Thursday. Citi reportedly said it discovered the breach in early May, and that it had affected about 1% of its card customers. The breach took place at Citi Account Online, which would potentially expose customer data such as names, account numbers and email addresses. Read MarketWatch coverage of hacking at Citibank.
Five reasons to buy bank stocks now
Here's why you should buy bank stocks: In the words of Warren Buffett, "Be fearful when others are greedy and greedy when others are fearful." Easier said than done, right? So if you are an aggressive investor, stop talking yourself out of banks for a minute and humor me as we cover 5 reasons banks could be strong buys right now. Read MarketWatch commentary from Jeff Reeves.
Soros is selling his gold, should you?
It could be brains. Or it might be intuition. Or it could just be luck. But whatever it is, it has allowed George Soros to read the market right over a long period of time. So when an investor of such legendary ability calls the top of the greatest bull market of our times, it is no great surprise that the world sits up to listen to what the man has to say. In the first quarter of this year, Soros dumped around $800 million of gold. Should you follow his lead? Read Matthew Lynn commentary on MarketWatch.
Cheaper homes hit hardest by price declines
The values on the country's most modestly priced homes took a harder hit than their upscale counterparts during the downturn, according to a report released Monday from Harvard University's Joint Center for Housing Studies. Houses priced at the low end of housing markets typically fell about three times more than those at the upper end in the last year, according to the Center's annual report, "The State of the Nation's Housing." High-end homes are those with original sales prices in the most expensive one-third of all homes in a market; low-end homes are those in the bottom third. Read Amy Hoak's Home Economics column on MarketWatch.
Firms to cut health plans as reform starts
Once provisions of the Affordable Care Act start to kick in during 2014, at least three of every 10 employers will probably stop offering health coverage, a survey released Monday shows. While only 7% of employees will be forced to switch to subsidized-exchange programs, at least 30% of companies say they will "definitely or probably" stop offering employer-sponsored coverage, according to the study published in McKinsey Quarterly. The survey of 1,300 employers says those who are keenly aware of the health-reform measure probably are more likely to consider an alternative to employer-sponsored plans, with 50% to 60% in this group expected to make a change. It also found that for some, it makes more sense to switch. Read about future of employee health plans, on MarketWatch.
Why you need to own more international stocks
Now is the time for all indexed investors to put their stock portfolios into global mode. For the past 25 years or so, a dual perspective has prevailed — domestic equities for 70% to 90% of a portfolio and "international" (that is, non-U.S.) equities for the remainder. There were lots of reasons for this approach, but the main one was that the U.S. market, as the biggest and most vibrant on the planet, could satisfy most investors' needs. "International" was a dessert-like diversifier: fine in moderation but don't overdo it. Read John Prestbo's Indexed Investor column on MarketWatch.
After-hours trades still risky
Nearly a dozen years after becoming an option for individuals, after-hours stock trading is risky for retail investors, as volume remains a sliver of overall trade and in fact has declined over time. Read MarketWatch story about the pitfalls of evening or premarket trading for retail investors.
Who's Big Daddy for big banks? Ben Bernanke
The Federal Reserve proposes making annual decisions on whether the country's largest banks can pay dividends or repurchase stock. Big banks with at least $50 billion in assets would submit annual capital plans for review by the central bank. Read more about how big banks may need Fed OK for dividends, buybacks on MarketWatch.
Jobs's legacy: ‘Spaceship' building
Apple Inc. (AAPL) Chief Executive Steve Jobs will preserve his design legacy with the company's plans for a new spaceship-like building, a design that is likely to be approved and one that will put Silicon Valley on the architectural map. Read more about Apple's proposed headquarters in Therese Poletti's Tech Tales on MarketWatch.
Repression in Bahrain: Ghazi Farhan
The Republican primary: Is no Newt good Newt?
Charlemagne: Always waiting for the US cavalry
Buttonwood: Krugman gets it wrong
Language: The man who **** an entire country
Daily chart: Turkish election guide
Online debate: Should banking regulation should be tuned to fit the level of competition?
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