4/30/2023 0 Comments Market watch investing gameSure, Wall Street analysts have degrees in finance, while Jonathan as yet does not, and they themselves may not be selling into the buying frenzy their calls create. Crypto Meltdown: Amid a dire period for digital currencies, crypto companies are laying off staff and freezing withdrawals, raising questions about the health of the ecosystem.īut Jonathan is right to wonder exactly how his game differs from those played by Wall Street equity analysts who place absurd ''price targets'' on stocks.Recession Risks: As investors focus on the threat that inflation and higher interest rates pose to the economy, they are betting that volatility is here to stay.Being prepared can minimize hardship and even offer investing opportunities, our columnist says. Advice for Investors: Bear markets and recessions are far more common than many people realize.And that’s only part of the horror story for investors and companies this year. Grim Outlook: The stock market is on track for its worst first six months of the year since at least 1970.And it remains difficult to predict what is in store for the future. The State of the Stock Market The stock market’s decline this year has been painful. Yet, in an interview on Wednesday after news of the settlement, Jonathan's father waved away the incident's seriousness with the words, ''So they pick on a kid.'' Jonathan, neither admitting nor denying the allegations, agreed to pay back what he had earned, plus $12,000 in interest. ![]() It was the first time that the commission had sued a minor. As other investors bought, he sold, in a classic pump-and-dump scheme, Securities and Exchange Commission officials said. Regulators said Jonathan, a 15-year-old high school student in Cedar Grove, N.J., was incredulous when told that he had done wrong touting nine companies' stocks on the Internet and making $273,000 doing it.īetween August 1999 and last February, regulators said, Jonathan bought thinly traded stocks, then promoted them in hundreds of breathless e-mail messages sent to investing chat rooms. Lebed's response to securities regulators last week after they said he had run a stock manipulation scheme as an extracurricular activity.
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