Thursday, January 14, 2016

FANGs Enter Correction (Down 10% YTD), Telsa Tumbles

But they said "never sell" - FANTAsy stocks are in trouble with FANGs down 11.5% year-to-date and Tesla plunging over 17% since the holidays... the last pillar of US equity market strength has officially broken...

Sell The F*#&ing Rip: Day 4

More Strategists Throw In The Towel: "Things Will Only Get Worse"

Having been abandoned by equity analysts, perhaps investors could find some solace in the Treasury analyst community. Alas no: as Bloomberg notes this morning, citing independent Treasury strategist Marty Mitchell, "our concern is that things will only get worse (effects of commodity super-cycle, bankruptcies, debt defaults, hedge fund redemption/failures, global economic slowdown, equity weakness, global debt deleveraging, etc, etc) before they get better."

"Fundamentals Don't Matter Right Now, It's Panic On The Way Down," Trader Warns

We’re experiencing wealth-destruction due to asset-price dynamics alone. The negative moves will stop only when excess leverage is trimmed and not just when prices return to “fair value.”

Maybe Valuations Do Matter

The raging bulls were so sure of themselves a few months ago. Valuation measures were for suckers. This time was different. It’s the new Obama economy. Profits are so old school. We suddenly sense a little panic amongst the big swinging dick Wall Street traders. Not too much scorn and laughter being directed towards John Hussman lately. 

Your Future...

Canadians Panic As Food Prices Soar On Collapsing Currency


China Exports Most Deflation To The US Since December 2009

While the trend of US trade partners exporting deflation either across the Atlantic or Pacific continues, one name continues to stand out. China.

Global Markets Slide, US Futures Wipe Out Overnight Gains In Volatile Session

European shares tumbled, wiping out gains from a two-day rally, Asian stocks slid and the cost of insuring corporate debt rose as investor concern over global growth prospects resurfaced. U.S. equity-index futures pared gains of as much as 0.9 percent. Government bonds rose, with yields falling to records in Japan and China amid anxiety over the world economy. U.S. crude prices stabilized after dropping below $30 a barrel on Tuesday to touch the lowest since 2003 as Iran moved closer to boosting exports.

Continuing Jobless Claims Surge Most Since 2009 As Initial Claims Hit 6-Month Highs

Something has changed! After years of consistent down-trend in initial jobless claims, the regime has change since mid-October to an uptrend. This past week saw claims rise 7k to 284k leaving the less-noisy 4-week average at 279k - its highest since early July 2015. Continuing claims also rose to 5 months highs (up over 4% in the last 3 months - the most since June 2009).What many appears to be unable to grasp is that we have seen the best and history tells us what comes next...

Gold & Silver Slammed After ECB/Basel Committee Comments

A combination of ECB minutes showing some members looking for more stimulus and Basel Committee publishing final risk rules which will mean stiffer capital demands from banks has sparked weakness in EUR (sending the USD higher) and sparking and instant slam-down in gold and silver.

'Slumlord' Buffett's "Disturbing Business Model" To Be Probed By Feds

At Berkshire’s annual meeting last May, Buffett said he made “no apologies whatsoever” about Clayton’s “exemplary” lending, in response to a question about an earlier Seattle Times story saying that Clayton trapped borrowers into unaffordable loans on depreciating homes. Well it seems the billionaire will need to send some more donations in as yesterday, four members of Congress sent a joint letter demanding an investigation into predatory practices at Warren Buffett’s mobile home unit Clayton Homes.

JPM Earnings Rebound On Big Drop In Compensation Expense; Dimon Notes "Some Stress In Energy"

There were four things we mostly cared about in today's JPM earnings release, the first Wall Street bank to report Q4 results:i) how did the company's fixed income and equity trading revenue do; ii)what is the bank's credit exposure to energy/oil;iii) did the recent Fed hike do anything to boost the company's Net Interest Margin (this has been the primary catalyst for bank share upside), and iv) did JPM halt its practice of releasing reserves and start building reserves - a major inflection point when it comes to management expectations for future credit quality deterioration.

Renault Plunges 20% After French Authorities Raid Offices In Apparent Emissions Probe

Don’t look now, but Renault may be pulling a Volkswagen. The French company’s shares fell by as much as 23% on Thursday after an apparent raid on what a union official described as “sites that have to do with standards testing and engine certification.”

Explosions, Gunfire Rock Indonesia Capital: 4 Dead (1 Cop); 14 Gunmen, Suicide Bombers Involved (ISIS Suspected)

Two months after the Paris explosions of November 13, it appears terrorism has struck again, this time in Indonesia's capital, Jakarta where moments ago, at least six bomb explosions, gunfire and casualties were reported (AFP is reporting three dead but this is unconfirmed), with at least one of the explosions taking place near the local UN office.

The Dow Falls Another 364 Points And We Are Now Down 2200 Points From The Peak Of The Market

by Michael Snyder, The Economic Collapse Blog:

It was another day of utter carnage on Wall Street.  The Dow was down another 364 points, the S&P 500 broke below 1900, and the Nasdaq had a much larger percentage loss than either of them.  The Russell 2000 has now fallen 22 percent from the peak, and it has officially entered bear market territory.  After 13 days, this remains the worst start to a year for stocks ever, and trillions of dollars of stock market wealth has already been wiped out globally.  Meanwhile, junk bonds continue their collapse.  JNK got hammered all the way down to 33.06 as bond investors race for the exits.  In case you were wondering, this is exactly what a financial crisis look like.
Read More…

COVERT U.S. Human Experimentation EXPOSED


Researcher Waldemar Perez from Verify Events Research joins me to expose decades of covert human experimentation. From the Tuskegee Syphilis Study to radiating US soldiers without their knowledge, there has been a long and horrifying history of the US government, military and CIA experimenting on an unaware public. And it’s still going on today. From geoengineering and chemtrails in our skies to poisons in our vaccines – it’s all being done deliberately and covertly. This is the apex of the tyranny of the Deep State.
Support Waldemar by subscribing to his You Tube channel HERE.
Watch ‘Boquet of Lies’, ‘Human Experimentation – Part 1′ and ‘Human Experimentation – Part 2′

Most Powerball Lotto Players Desperate to “Escape From the Feeling of Poverty”

by Mac Slavo, SHTFPlan:
In America today, there are many handouts and government benefits one can apply for, but there is little in the way of an upward path to better employment or motivation to achieve the American Dream.
While everyone hopes for more money and status, few have spent more time thinking about it than the poor and working poor – who statistically stand little chance of upward mobility.
So, it should come as no surprise that a very high percentage of lower class populations play the lottery, spending more per capita and in general, on what they can only hope are winning tickets.
Read More

The New York Times Publishes Sandy Hook Disinformation and Propaganda

from Zen Gardner:

In an astonishing example of the duplicity of the American media, The New York Times–which is our nation’s newspaper of record–which means that it records the “official history” of the United States–has presented a transparent demonstration of its duplicity and mendacity by publishing an article about the firing of Florida Atlantic University professor James Tracy, which excludes what he himself has said about his case and why the firing was legally unjustifiable and morally wrong.
The article, “Florida Professor Who Cast Doubt on Mass Shootings is Fired“, The New York Times (6 January 2016) by Lizette Alvarez, which builds the case for Tracy having harassed the Pozners–when the truth was precisely the opposite–was so sloppily done that the paper has had to publish a clarification (in fine print at the end) for reporting that Lenny Pozner had been fired rather than James Tracy. The author embeds a link to the Sandy Hook Hoax Facebook page, where Tracy lays why his actions have been directed at protecting the public interest, which The Times ignores:
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by Andy Hoffman, Miles Franklin:
I’ve spent 14 years studying, observing, and analyzing the manipulation of financial markets – particularly, Precious Metals, given how much I have invested, both personally and professionally.  In fact, the reason I’m here today, at of the world’s best Precious Metal blogs, is my long-time association with GATA – culminating with Eric Sprott himself personally thanking me for my efforts, during his keynote speech at GATA’s 2011 London Conference.
As a career financial analyst, my “way” is to start quantitatively, and move on to qualitative conclusions.  And in 14 years, perhaps no one has taken my level of Precious Metals quantitative analysis to such extremes.  Which, when combined with hundreds, if not thousands of hours of qualitative analysis, has yielded my conclusion that not only are Precious Metals manipulated – and, for that matter, essentially all financial “markets” – but more so than ever.  To the point that, in my view, essentially all the world’s “smart money” knows – whilst a large, rapidly expanding portion of the “dumb money” suspects it as well.  Let alone, economic statistics, and essentially everything published by the government.
Read More…

Gold:Silver ratio needs big gold bull market to bring it down

by Lawrie Willaims, News from Sharps Pixley:
The gold:silver ratio (GSR), much followed mainly by silver investors convinced that one day it will come down to its reputed historical level of 16:1, remains languishing in the high 70s.  Personally I doubt whether we will ever see the 16:1 level again – certainly not in my lifetime (but I am getting old!)  Apart from the very brief silver price spike when the Hunt Brothers tried to corner the silver market (and almost succeeded before being brought down and bankrupted) the GSR has moved since then in the range of 31.5 (a very shortlived spike downwards coinciding with the brief silver price peak in April 2011) and close to 100.  As I write it is standing at 77.6.
Silver, sometimes known in the trade as ‘the devil’s metal’ is renowned for its price volatility. The fact is, that in most views, it can no longer be really considered a monetary metal per se.  There is, though, still a substantial trade in officially issued silver coins which does, I suppose, give it some kind of monetary credibility although the sale value thereof tends to be substantially higher than any face value that may be put on them.
Read More…


Al-Jarida quoted sources as saying that Obama has already discussed the issue of running for secretary-general with Democrats, Republicans, and Jewish officials in the US.
by Geoffrey Grider, Now The End Begins:
“And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.” Revelation 13:2 (KJV)
Did you think that the Muslim-raised, anti-Constitution, pro-everything evil Obama was just going to go away after plundering America for the last 8 years? No, he is not. Now we have learned that he wants to step directly from killing America to global dictator. Can you, in your wildest nightmare, imagine Barack Hussein Obama as the Secretary General of the United Nations? It sounds like a plotline from the “Left Behind” series! But guess what? The drive to do it is actually happening and Obama just might be appointed to that office.
Read More…

Hong Kong Dollar De-Pegging Risk Spikes As Yuan Slides, China Stocks Drop To 2-Year Lows

Chinese stocks are down over 20% from Dec highs at 2-year lows, Offshore Yuan is tumbling once again, and Hong Kong Dollar is under severe pressure (with significant de-pegging risk once again).

Hillarygate: The Empire Strikes Back

from The Daily Bell:
FBI Has Enough Evidence to Prosecute Hillary Clinton for Public Corruption … An investigation into possible mishandling of classified information on Hillary Clinton’s private email server has expanded to consider whether Clinton’s work as Secretary overlapped with her work for the Clinton Foundation run by her family. Fox News’ Catherine Herridge published the report, citing unnamed FBI sources, Monday morning … The report paints a picture of an internal struggle within the FBI over whether or not to prosecute Clinton. – Breitbart News
Dominant Social Theme: The mainstream media is a dogged beast!
Free-Market Analysis: We sense history in the making here. The Clintons have been a virtually unstoppable force for so long that it is difficult to believe Hillary will end up anywhere but in the White House.
Read More

If You Don’t Agree with Obama You are “Peddling Fiction”

from Sovereign Man:
If you’re not watching it purely for the entertainment value, sitting through a State of the Union speech ranks somewhere between a colonoscopy and a root canal. Every year I opt for the former (entertainment value, not colonoscopy). But because I live overseas, one of the added entertainment benefits is that I’m surrounded by foreigners who are seeing this highly ritualistic propaganda for the first time.
The absurdity starts almost immediately.
The Sergeant-at-Arms introduces the President of the United States, and he receives a massive, five minute standing ovation as he walks across the water to the podium. The applause finally dies down briefly, until, immediately after, the Speaker of the House formally introduces the President. And then the applause begins anew.
Try explaining that to a foreigner who’s never seen it before.
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