Dr. Keith Ablow: There’s Nothing Fake About Bitcoin

Weeks ago, on this very site, I recommended that people buy Bitcoin.  My recommendation was based on the fact that Bitcoin had enjoyed such spectacular gains since 2010 that $1,000 invested at that time would be worth over $30 million. My argument was that no one could know whether the gains would continue in astronomical…

Advertisements

Bitcoin Surges, Again: Jamie Dimon Not Sparkling

Bitcoin’s value is rocketing back from the decline it suffered after Jamie Dimon, chairman, president and CEO of megabank JPMorgan Chase called it a scheme, and China stated it would clamp down or end Bitcoin trading (which it now seems to be reconsidering). Before Dimon and China, I argued that there is a clear psychological…

Mandalay Owner MGM Struggling to Come Back from Massacre

Anyone interested in staying at the Mandalay Bay Hotel in Las Vegas? Yes. Some are interested and bookings remain but they are way down, according to industry sources. In another result caused by the massacre, MGM stock (MGM owns Mandalay Bay), has fallen and Susquehana Financial Group, a group that studies and serves as a…