Updated: Market Shadows (8-31-14)

As regular readers know, Paul has discontinued updating the virtual portfolios and I’ve been deciding what to do with the positions.

The virtual put selling portfolio will be closed. Rather than adding more positions, we’ll allow some puts to expire and buy back others. Details coming up.

I see no reason to take any action in the virtual [Continue Reading]

Closing Sept. Puts

CAJ close out

This post is from Paul Price. Closing out puts in Canon by buying them back. Waiting to see if the other puts sold will expire worthless on Friday.

Closed-Out Canon Sept. $35 Puts

We bought back our two virtual short contracts of Canon’s (CAJ) Sep. $35 puts @ $2.25 per share.

We sold [Continue Reading]

What If The Easy Money Is Now On The Bear Side?

Courtesy of Charles Hugh-Smith of OfTwoMinds

Complacent melt-ups aren't just boring–they're not very profitable.

File this under Devil's Advocate: what if the easy money in the stock market is no longer the "guaranteed" Bull melt-up but the Bearish bet on a sudden air pocket? Just as a thought experiment, [Continue Reading]

RBS, 4 Other Banks Warn of Relocation to England if Scots Vote Yes; Catalans Stage Mass Protest for Independence

Courtesy of Mish.

Tale of Two Countries

Fearmongering in Scotland hits fever pitch as RBS and four other banks threaten to leave the country if Scotland votes "Yes" for independence.

In Spain, Catalans staged a huge protest in favor of independence. The Spanish government hopes Scotland will vote "No" even [Continue Reading]

Fishing for Trout With Rope and Mashed Potatoes; Mentality of Jackasses; Gas Pains

Courtesy of Mish.

The EU stepped up its sanctions today after forcing all the ducks in line with the position of president Obama. Russia immediately responded in kind with actions on cars, clothes, and energy.

The Financial Times reports [Continue Reading]

Debt Rattle 9/11 2014: Shut Up George Soros

Courtesy of The Automatic Earth.

DPC Real Estate Exchange from Dime Bank building, Detroit 1918

Someone should shut up George Soros. The Financial Times offers him a podium because he’s rich, and if you’re rich, people today [Continue Reading]

Don’t Like the Rules? Then Ignore Them: Shoot First, Ask Questions Later

Courtesy of Mish.

In politics, if you don’t like the rules, you ignore them. This philosophy only works if you are big enough and powerful enough to get away with it. I have some recent examples.

Shoot First Ask Questions Later

The Guardian comments [Continue Reading]

Full Frontal Inflation

Courtesy of John Rubino

By now it’s an article of faith within the sound money community that most major countries have borrowed so much that they’re left with only two options: default on their debt through mass-bankruptcy and a new Great Depression, or inflate it away through [Continue Reading]

53% of Chinese Expect War With Japan

Courtesy of Mish.

Even with battles over energy, disputed islands, and recent militarism by Japan, one might not have expected this polling result: Majority in China Expect War with Japan.
China and Japan are heading towards [Continue Reading]

The Era Of Widespread Biometric Indentification And Microchip Implants Is Here

Courtesy of Michael Snyder of The Economic Collapse

Are you ready to have your veins scanned every time you use your bank account?  Are you ready to use a "digital tattoo" or a microchip implant to unlock your telephone?  Once upon a time we read about [Continue Reading]

How The China Boom Unravels: One Person At A Time

Courtesy of Charles Hugh-Smith of OfTwoMinds

The dashing of youthful expectations of open-ended wealth and security for everyone with a college degree is highly combustible when combined with a popping real estate bubble and systemic corruption.

Those enamored of China's ability to build empty apartments, empty malls and empty [Continue Reading]

Debt Rattle Sep 10 2014: Crisis And Self-Determination

Courtesy of The Automatic Earth.

Harris & Ewing Texaco, Washington, DC 1920

What do you think the situation in Scotland would be like if an army acting on behalf of the London government had just killed thousands [Continue Reading]

Will Tears and Promises Save the Day for the “No” Vote for Scotland? Lesson for Ukraine: Voting is Better than Civil War

Courtesy of Mish.

A recent poll showed support for a “Yes” vote for Scotland independence went into the lead for the first time, overcoming a 20 percentage-point deficit.

This set off a flurry of activity including …

An emotional “I would be heartbroken” plea by UK prime minister David Cameron
A [Continue Reading]

Full Frontal Inflation

Courtesy of John Rubino.

By now it’s an article of faith within the sound money community that most major countries have borrowed so much that they’re left with only two options: default on their debt through mass-bankruptcy and a new Great Depression, or inflate it away through stepped-up currency [Continue Reading]

Islamic State’s Ultimate Goal: Saudi Arabia’s Oil Wells

Written by Claude Salhani vat OilPrice.com

Embellished by ZeroHedge

For the terrorist group known as the Islamic State, Syria and Iraq were a good place to start their campaign, but in order to survive and prosper [Continue Reading]

Elizabeth Warren: Jamie Dimon Gets $8.5 Million Raise for Illegal Conduct at JPMorgan

Courtesy of Pam Martens.

Senator Elizabeth Warren — You May Get a Bigger Paycheck If Your Company Breaks the Law

Sparks were flying yesterday in what is typically a snooze-worthy Senate session. It felt like alien body snatchers had decided to remove the [Continue Reading]

AAPL Tests Key Techincal Support As iClock Disappoints

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

But… but… but… it's the best ever, the most innovative, "never been seen before" – apart from none of that is true (as we noted yesterday).

On the new iPhone…

I couldn't [Continue Reading]

World Growth vs. Copper with 3-Month Lag; Iron Sinks to 5-Year Low; US Will Not Decouple

Courtesy of Mish.

Copper is frequently cited as a leading indicator of economic activity because if its widespread use in many sectors of the economy, from homes and factories, to electronics and power generation and transmission.

For that reason, some call it “Dr. [Continue Reading]

Obama Outperformed Reagan? Hardly!

Courtesy of Lance Roberts of STA Wealth Management

"There are three types of lies; Lies, Damn Lies and Statistics." – Mark Twain

Last week, Adam Hartung qualified for the "Mark Twain Award" if there was such a thing. In his article, [Continue Reading]

A Historic First: Bank Of Japan Monetizes Debt At Negative Rates

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

First, Europe infamously shifted to a NIRP and now Japan has begun NIRP monetization. As WSJ reports, Tuesday marked another milestone in [Continue Reading]

Odds of Venezuelan Default Within 5 Years Hits 63%; Investors Realize Venezuela May Run Out of Money

Courtesy of Mish.

Venezuela has nice oil reserves but the government is spending more cash than it receives from pumping oil.

Investors are finally starting to realize Venezuela may run out of money and will be forced to default on bonds.

Please consider [Continue Reading]