What Scotland’s ‘no’ vote means for markets
Today's Breakfast with Benjamin: What Scotland's 'no' vote might mean for the markets, Alibaba's IPO prices in record territory, the 'dumb money' is getting smarter, and gold continues to slide.
- The Scots stick with England and the markets are breathing a sigh of relief. Voting ‘no’ was the less-risky choice
- Alibaba IPO prices at $68, but the real test will be whether retail investors have even been paying attention to the record-setting public offering and care enough to jump on board. Raising $21.8B
- It is getting harder to tell the ‘dumb money’ from the ‘smart money’ on Wall Street, because everyone is moving in the same direction. The new mantra: cut costs and simplify
- Gold heads toward its third consecutive weekly loss. The flipside of a strong dollar
- Retirement savings gap continues to widen, proving that even a strong stock market can’t hide the real woes holding down the U.S. economy. The rich get richer
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