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Louis BaseneseLouis Basenese


Is It Time to Call Wall Street’s Bluff?

Brace yourself! The stock market is ripe for a nasty selloff. The signs are so ubiquitous – and so obvious – that even retired politicos can sense the impending doom. In fact, they’ve graciously taken to the media to warn us helpless retail investors. Retired Fed Chairman, Alan Greenspan, told Bloomberg that a “significant correction”...

CEOs Suffer Through the Same Recurring Nightmare

When Friday rolls around in the Wall Street Daily Nation, we roll out the charts. After all, a picture is supposed to be worth a thousand words, right? Plus, at this point in the week, you’re probably tired of reading my longwinded analysis. So without further ado, I’ll (mostly) shut up now, as we serve...

The One Sector Where Crash Helmets Are Advised

For months, the experts have been duking it out about whether or not the biotech sector is in a full-blown bubble. In one corner, we have the Richard Bernsteins of the world. Even though the iShares Nasdaq Biotechnology Fund (IBB) essentially doubled in price over the last two years, they’re dismissive. “Bubbles pervade society,” says...

IRS Delivers Bitcoin Its Final Deathblow

For over a year now, I’ve been chronicling the rapid rise in enthusiasm for Bitcoin. Granted, I’ve been a harsh critic all along the way, going as far as labeling it an “insidious currency scam.” Despite my strong warnings, however, early adopters remained steadfast in their loyalty. Even in the face of some stinging setbacks,...

Why the Economy’s Future Hangs in the Balance

Brace yourself! This week promises to be a particularly busy one for economic reports. By my tally, the market is set to digest 20 separate data points – ranging from construction and natural gas spending to the MBA Mortgage Index. Understandably, some reports will be more important and impactful than others. With that in mind,...

Secret Military Tech Disguised As Farm Equipment

If you’re a longtime Wall Street Daily reader, you know that we’re no strangers to drone technology. We’ve covered AeroVironment’s (AVAV) Nano-Hummingbird, which was developed in collaboration with the U.S. Department of Defense. We’ve discussed the implications behind the government’s Modular Advanced Armed Robotic System (MAARS). Then there’s MIT’s Skycall, which can act as your...

San Francisco Residents Witness Real-Life Resurrection

Need definitive proof that the financial industry is on the mend? Are you worried that increased volatility spells doom for this aging bull market? Or are you spooked by the fact that the “Fab Five” momentum stocks are rolling over? We address all these concerns – along with a few primo choices to (safely) juice...

Wall Street “Bloodbath” Captured on Live TV

Do rematches ever live up to the hype? I’ll let you be the judge. Last Friday, I was invited back on CNBC’s Closing Bell to square off with Bert Dohmen of Dohmen Capital. The topic? The outlook for shares of the world’s largest company, Apple (AAPL). The stock has been range-bound for most of the...

Caveat Emptor: 25% of New ETFs Could Be “Toxic”

In the technology sector, innovation is routinely embraced. In the finance sector? Not so much. And for good reason, too. Whereas new technologies tend to improve our lives, new financial instruments often hold lopsided potential to ruin our lives. And, unfortunately, regulators are notorious for not keeping up with the financial wizards on Wall Street....

Secret Ivy League Society Leaks Market’s Next Move

Yesterday, we embarked on a mission to debunk seven of the most prevalent Wall Street myths. Myths like the imminence of hyperinflation and the fragility of the residential real estate recovery, among others. We recruited some helpful graphics to do the trick, too. And today, it’s time to finish the job. We’ve got four more...