Markets 'Bounce' As Oil Margin-Call-Plunge Sparks Buying-Panic In Energy Stocks

Arkansas State University Campus On Lockdown, Active Shooter In Custody - Live Feed

University Police Department issued a text alert at 1:36 p.m. Campus has been notified to lock doors and shelter in place. Campus still in lockdown. Suspect is surrounded by University Police Department and Jonesboro Police. Incident started when suspect drove into center of campus

Even The 'Richest' Americans Have Lost Faith In The Fed's Markets

Janet, you have a problem...

Marissa Mayer's Value "Added": Yahoo Is Now Worth A Negative $13 Billion

at the beginning of the year Meyer's severance was worth $158 million. It has since declined to $60 million. During the same time the enterprise value of Yahoo's core operations, as valued by the market, has declined from negative $1 billion to negative $13 billion. Sounds like a fair trade.

With One Week Left Until The Fed's Rate Hike, Nobody Knows If The Fed Can Actually Do It

We are less than one week away from a historic monetary experiment in two parts: the first one, which will attempt the (almost literally) Sisyphean task of pushing up the rate of interest on over $2.5 trillion in excess liquidity, and the second one, to assure the market that it has correctly priced in the overnight evaporation of up to $800 billion in liquidity in current asset prices. If one or both of these fail to deliver, than the embarrassing disappointment that marked the ECB's December announcement and its dramatic impact on asset prices and FX levels, will be a walk in the park compared to "disappointment" that the Fed will unleash once the market realizes that while in theory the Fed can and is ready to hike, it simply can't do so in practice.

Artist's Impression Of Obamacare's "Success"

Read my lips, no new 'taxes'...

Year End Tax Loss Selling - Energy Stock Edition

The Energy names in the S&P 500 haven't broken their August lows in the recent downdraft for the group. That’s surprising for two reasons: first, spot crude prices certainly have – $36.52 today versus a $39.65 low on August 24th; and second, December is typically the month where investors harvest tax losses by selling losing positions and the Energy sector has a bumper crop of such candidates.

US Has Secret, "Non-Negotiable" Plan To Send 100,000 US, Saudi Troops To Iraq, Lawmaker Claims

Cheap Oil's First US Casualty: Alaska Forced To Tax Personal Income For First Time In 35 Years

With sadly ironic timing, we noted just last week that the blowback from "unequivocally good" low oil prices was set to cross the border from an increasingly suicidal Canada, and so, as AP reports, it appears Alaska is facing the toughest of times. As oil prices make new cycle lows, Alaska Gov. Bill Walker has called for the state's first income tax in 35 years in order to close a $3.5-billion-dollar deficit the state is carrying. Alaska is currently the only state that does not have a state sales tax or personal income tax, having relied on oil income but, as Walker tweeted, "now is the time for Alaskans to pull together."

How America's Middle Class Lost The War In One Simple Animation

"The middle class is disappearing,” says Alison Fuller, a 25-year-old university graduate working for a medical start-up in Smyrna, Georgia, who sees herself voting for Mr Trump."

The Fed's In A Bind: The Cluelessness Of The Macroeconomic Establishment

The next financial crisis could manifest itself in the coming months. If so, it will mark the end of current central bank monetary policies and state control of markets, as free markets reassert realistic pricing. Government bond yields will normalise, stock markets will fall, and banks will almost certainly fail. When something as epochal as this happens, we can expect the macroeconomic establishment to be clueless with respect to the problem itself and its scale.

US Kills ISIS "Finance Minister" In Airstrike

This afternoon we got another completely amorphous claim from The Pentagon regarding the death of a “senior” ISIS commander when Special Presidential Envoy for the Global Coalition to Counter ISIL (whatever that is) Brett McGurk took to Twiiter to announce the death of an Islamic State FinMin.

Gunmakers "Sold"

Flashing red headlines, business media anchors exuberant as gun-maker stocks weresold after CT Governor Malloy unveiled his executive order and following White House chatter that officials were finalizing proposal that would expand background checks on gun sales without congressional approval. We thought the following charts would provide a little context for this "selling"...

"2015 Was Like Commuting By Rollercoaster" - Art Cashin Reviews The 2015 Market And Shares His 2016 Outlook

"2015 was like commuting by rollercoaster. There were heart-stopping drops, there were nearly vertical ascents, and when it was all over you got off just about where you started and it cost you money."

Connecticut Governor To Sign Executive Order Banning Gun Sales To Americans On "Watchlists" - Live Feed

"This should be a wakeup call for all of us. This is a moment to seize here in America," Gov. Dannel Malloy plans to sign the first executive order in the nation to ban the sales of guns to people on government watch lists.

Foreign Central Banks Rush To Buy In 30 Year Auction; Primary Dealers Awarded Least On Record

The just concluded 30-Year bond reopening of Cusip RP5, in which the US Treasury sold another $13 billion in long-dated paper in this year's final auction of 30 Years, was almost a carbon copy of yesterday's 10 Year auction.

The New Crypto Wars – FBI Director James Comey Threatens Silicon Valley

Submitted by Tyler Durden on 12/10/2015 - 13:10 The U.S. establishment has been aggressively pushing against the American public’s right to private communications, i.e. encryption, ever since the terror attacks in Paris. This push continues unabated, with the latest shots fired earlier this week by FBI chief James Comey at a Senate Judiciary Committee hearing. “I don’t want to tell them how to do their business... but there are costs to being an American business."

The Next Leg Of The Junk Bond Crisis: Third Avenue "Focused Credit Fund" Liquidates, Gates Redemptions

"Third Avenue is extremely disappointed that we must take this action"...

What Democrats Really Think Of Hillary Clinton

"Clinton is also increasingly seen as the least honest in the field, with 46% of likely Democratic primary voters now saying she is least honest out of the three remaining candidates...That's up from 33% in September and 28% back in June." Yet, they will still nominate her.

Rand Paul Backs Trump, Unleashes “Top Ten Things That Make Obama Unqualified” For Office

by Mac Slavo, SHTFPlan:

The White House, which is running a blatantly unconstitutional regime, is now attempting to vet potential successors to the Oval Office, and yet again take out opposition leaders.
First, Obama said that Assad lost all legitimacy, and should step down, and partnered with al Qaeda and ISIS to back up his opinions.
Now, Obama’s press secretary has claimed that Donald Trump has lost all legitimacy and has been “disqualified” from running for office. Just how does the White House plan to back up its opinions this time? Trump claims that he won’t be intimidated and exit the race, but one has to wonder how far the system will go to get its way.
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Brazil’s government creates 46 new tax rules EVERY DAY

by Tim Price, Sovereign Man:

One of the truest aphorisms in the world of investing is that Brazil is the country with the MOST potential… and always will be.
There are few other countries on the planet blessed with such an abundance of resources—fertile land, plenty of water, a huge population, incalculable mineral and natural resource wealth, etc.
And yet Brazil can’t ever seem to get out of its own way to realize its potential.
Don’t get me wrong; I really like Brazil. The people here are among the friendliest, most welcoming, and fun loving on the planet.
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Until Confidence Is Restored

from Jesse’s Café Américain:
Surprisingly, to some, the economic news continues to show a marked lack of vitality.
In particular, wholesale inventories showed an actual decline, with the prior figure being revised sharply downwards as well. This does not bode well for 4Q GDP.
I have included the particulars in the evening stock markets report.
There are jobs to be had, if you like part time work with few benefits at a poverty level wage. Granted the fortunate few are doing very well. As it has been for quite some time.
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ISIS Showcases Massive Arsenal of American-Made Weapons in New Video

from The Burning Platform:
ISIS, the world’s most infamous terror group, has shocked the interwebz again after posting a new propaganda video that showcases its massive arsenal of tanks and heavy artillery. The video shows tank after tank, artillery piece after artillery piece, and Toyota truck after Toyota truck rolling triumphantly by, all in an effort to recruit radical Islamic youth to the caliphate’s cause. If some of those weapons look oddly familiar, it’s because many — if not most of them — are American-made weapons.
This leaves us with many questions regarding where ISIS obtained all of these Western-supplied weapons of war.
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NEW BILL WOULD ALLOW BRITISH INTELLIGENCE TO HACK CHILDREN’S TOYS TO SPY ON PEOPLE IN THEIR HOMES

from The Daily Sheeple:

While the police and surveillance state here seemingly gets worse all the time, Britain’s is about to take the Orwellian Nightmare cake.
The draft Investigatory Powers Bill currently being considered there would allow British intelligence agencies to take over children’s toys and spy on people with them. From inside their own homes. The bill would also force Internet providers to assist in the “legal” hackings.
So long as the toy is internet-connected, it could theoretically be remotely hacked.
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Don’t Believe The Hype About Gun Shootings In The US

from The News Doctors:
Since the San Bernardino killings last week, many statements of politicians and stories in the media are painting a picture of “gun violence” in America that, on a closer look, appears to be far from reality.
These are some of the messages we hear in constant rotation: Be afraid of your neighbor who has a few guns and some boxes of ammunition; he must be planning a violent attack. Panic about the mass murders epidemic. Dread the explosion of violent crimes of recent years.
The barrage is deafening. But, should it be believed?
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GoGold Resources and The Lost Treasure of Chihuahua

from Outsider Club:

In the northwest state of Chihuahua, Mexico is the town of Parral.
Today, it’s a tiny backwater. But hundreds of years ago, it was the world’s silver-mining epicenter.
Indeed, an epic silver strike in 1631 brought an unending stream of wealth to European imperialists.
In 1640, at the height of the Spanish empire, King Philip the IV called Parral, Mexico the “Capital of the World of Silver.”
For 300 years, the city churned out silver, until it was finally tapped and almost completely abandoned in the 1930s.
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InfoWars Article On Sandy Hook Book Ban Scrubbed – Even From Google Cache

from The Sleuth Journal:

After 1 month of strong sales, Amazon suddenly banned the new book, Nobody Died At Sandy Hook. The book was pulled from Amazon.com, then deleted from customers’ Kindles.
After Amazon pulled the book, Alex Jones’ InfoWars noticed – and published this article exposing Amazon’s book ban. Here’s a screenshot of the article:
To draw attention to their article, InfoWars tweeted a link:
But within hours after that article was published, InfoWars suddenly deleted it from the Web. The InfoWars article simply vanished – without explanation.
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How the Richest Man in the World Rules the U.S. from Riyadh

from Washington’s Blog:

Did you know that Saudi Arabia’s Ambassador to the United States, the Saudi Prince Bandar bin Sultan Al Saud (affectionately known in the U.S. as “Bandar Bush”), had donated millions to Al Qaeda before the 9/11 attacks, according to the sworn court testimony  of the man who had served as Al Qaeda’s bookkeeper and as the bagman who personally collected the mega-donations to Al Qaeda, all in cash?
How come you didn’t read about that in newspapers and magazines, and hear about it on TV ‘news’-reports; and why was this stunning and crucially important testimony published only at small independent news-sites, such as here?
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