• Current Events,  Mile High View

    2020: DOW Down 2,000

    Hello 2018. Yes, 2018, not 2008. The drop has been sharper, but it feels the same. Computers panicked! This drop has been caused by panicked computers, not humans. Between 60 and 70 percent of all stock trades on normal days are made by computers. They can read the news in a fraction-of-a-second, and they have a list of rules on what is good news and what is bad. When the news falls into “bad” parameters, the computers sell. They don’t just sell once, but many times, and they make money on fractions-of-a-dollar, and then cover their sales a short time later – wash, rinse, repeat. The algorithms are not built…

  • Current Events,  Mile High View

    The Impact of Fracking

    The stock market selloff Thanksgiving week 2018 was the worst Thanksgiving week since the 1930s, during Franklin D. Roosevelt’s administration. Why this sudden drop in a year of highs? And what impact will we see? In my opinion, the selloff stems from changes in the largest industry in the world. And few people recognize it. The Bush-era tax cuts, the largest ever passed, saved the average family $315 a year. The changes that are taking place now will save the average family $1,750 a year and will probably increase. Oil prices dropped from $76 a barrel to $51, and I expect oil will gradually drop even further. The energy industry…