D.R. on Varney & Co.: Turkish Currency Crisis Rattled the Markets- But Not for Long

While it’s easy to underestimate the power of emerging markets, they have a much greater influence on the established markets than you may expect. On Monday, Turkey’s currency took yet another nosedive, roughly 11% against the dollar, and this shook the U.S. markets and other major markets around the world. And that’s on top of a 20% plummet from last week. Much of the issue stems from a clash between Trump and the President of Turkey, Erdogan. On Friday, Trump gave the green light to double steel and aluminum tariffs on Turkey, signaling that relations between the two countries are not good. Nevertheless, on this episode of Varney and Co., Stuart Varney shares a barometer for Turkish investment that’s up 6 percent today. D.R weighs in on whether this momentum will last and cease to affect the U.S. markets. Click here to watch

Back The “Wrong” Contestant (And Make More Money)

I’ve just returned from an amazing trip to Scotland, where I was accompanied by my lovely and talented wife and two great friends.

While we were there, we were fortunate to be staying in a lovely little village called Aberlour – population 970. We were even more fortunate that the regional Highland Games were held there during our brief stay. These games date back over 1000 years and have many facets including bagpipe and drum corps competitions (majestic) and multiple dancing events (graceful). And yes, there are footraces and long jumps where men and women run and jump to the screaming encouragement of the local spectators.

How’s this for a deal: Unlimited profit potential for an 87% discount

But the great allure of the games lies in the strength events where huge men in kilts throw heavy stones and hammers and even toss massive logs.

Sometimes, though – as the wise writer of Ecclesiastes observed — “the race is not to the swift, nor the battle to the strong.”

In a surprising twist of fate, I watched a younger, smaller contestant trounce a giant “he-man” at one of the most famous strength events (I’ll show you pictures in just a moment).

And it reminded me very much of a market controversy that’s raging right now – one that could send you home with a nice pile of winnings…if you put your money on the “wrong” contestant, that is…

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