Market Shadows Update

The Virtual Value Portfolio and Virtual Put-Selling Portfolio have been updated.

Try Phil’s Stock World’s newsletter Free. And visit Talk Markets.com.  Talk Markets is an [Continue Reading]

Home Prices Drop in 69 of 70 Chinese Cities; Did the Pool of Greater Fools Run Out?

Courtesy of Mish.

China eased purchase restrictions last month ending its four-year campaign to contain home prices. And what a ridiculous campaign it was. Prices are down less than 1% this month and less then 1% year-over-year.

Bloomberg reports [Continue Reading]

Jon Stewart: Health Care in America

Via Phil, Health Care in America 

The Daily Show
Get More: Daily Show Full Episodes,The Daily Show on Facebook,[Continue Reading]

Home Prices Drop in 69 of 70 Chinese Cities; Did the Pool of Greater Fools Run Out?

Courtesy of Mish.

China eased purchase restrictions last month ending its four-year campaign to contain home prices. And what a ridiculous campaign it was. Prices are down less than 1% this month and less then 1% year-over-year.

Bloomberg reports [Continue Reading]

ROUBINI: America Is A Sick, Sick Country

ROUBINI: America Is A Sick, Sick Country

Courtesy of 

"American madness: a teenager is allowed to receive a rifle as a birthday gift," NYU professor [Continue Reading]

Gap between wages and rents continues to grow

Gap between wages and rents continues to grow

Courtesy of Sober Look 

Here is a quick follow-up to the discussion on the looming rental crisis in the [Continue Reading]

Europe, or The 28 Stooges

Courtesy of The Automatic Earth.

 


Russell Lee Sharecropper mother teaching children in home, Transylvania, LA. Jan 1939

 

Europe is fast turning into a freak comedy show. Very fast. Or maybe we should say it’s [Continue Reading]

Even With Growth, New Home Sales Still In A Depression

Courtesy of Lee Adler of the Wall Street Examiner

There seems to be lots of confusion about today’s Commerce Department release on new home sales. The report showed that new home sales were at a seasonally adjusted annual rate of 467,000. Part of the confusions [Continue Reading]

5 Things To Ponder: To QE Or Not To QE

Courtesy of Lance Roberts of STA Wealth Management,

Over the last few weeks, the markets have seen wild vacillations as stocks plunged and then surged on a massive short-squeeze in the most beaten up sectors of energy and small-mid capitalization companies. While "Ebola" fears filled mainstream [Continue Reading]

Here’s Why Median New Home Sale Prices Collapsed In September

Courtesy of Lee Adler of the Wall Street Examiner

The median price of new homes sold in the US in September fell to $259,000 from $286,800 in August. That’s an extraordinary drop. It left prices down 4% on a year to year basis. Does [Continue Reading]

Ten Insane Things We Believe On Wall Street

Ten Insane Things We Believe On Wall Street

Courtesy of 

To outsiders, Wall Street is a manic, dangerous and ridiculous republic unto itself – a [Continue Reading]

Hyperventilation Charade: EU Demands Another €2.1 Billion from UK, “We Won’t Pay,” Says Furious Cameron

Courtesy of Mish.

Things are about to get more interesting in the EU as a review of budget procedures shows the UK, Greece, and Italy owe more money, but Germany and France will get money back.

Curiously, this came about following a review of non-profit organizations from churches and universities [Continue Reading]

Institutional Fish: “It’s All Just A Pretend Game”

By Raul Ilargi Meijer at The Automatic Earth

 


Jack Delano. Cars being precooled at the ice plant, San Bernardino, CA Mar 1943

 

Large and/or institutional investors, your pension funds, your market funds, you [Continue Reading]

Japanese Style Deflation Coming? Where? Fed Falling Behind the Curve? Which Way?

Courtesy of Mish.

There’s some interesting discussion points in the UK-based Absolute Return Partners October 2014 Letter, by Niels C. Jensen, most of which I agree with, others not.
Japan-Style Deflation in Our Backyard?

It [Continue Reading]

The End Of QE3, Trouble Ahead For The Bulls?

Courtesy of Michael Pollaro via Acting-Man

QE3 Is Coming to an End

The Federal Reserve’s latest asset purchase program, QE3, is coming to an end.  What was once an $85 billion a month program, one in which at its peak had been goosing the financial [Continue Reading]

Bill Ackman’s Big Pharma Trade: The Drama Doesn’t Stop

If you’re following Valeant’s proposed takeover (or merger) of Allergan and the lawsuit by Allergan against Valeant and notorious hedge fund manager William Ackman, for insider trading this is a must-read article. Linette Lopez describes the roles played by key Wall Street hedge fund managers–Jim Chanos, John Paulson, and Mason Morfit, a major shareholder in Valeant. Linette goes through the conflicts, positions of [Continue Reading]

Cops Exit Ebola Victim Apartment and Throw Paraphernalia in Sidewalk Trash – Big Fail

Cops Exit Ebola Victim Apartment and Throw Paraphernalia in Sidewalk Trash – Big Fail

Cops tossing their protective gear into a public trash can is a horrible example of failure to educate, so is the movement to stop vaccinating our children. As [Continue Reading]

The Death of the Blue Chip

The Death of the Blue Chip

Courtesy of 

My title above is only half-kidding. Because everytime Wall Street pronounces “The Death [Continue Reading]

Everything You Need To Know About Blue Chip Earnings In One (Ugly) Table

Everything You Need To Know About Blue Chip Earnings In One (Ugly) Table

Courtesy of ZeroHedge

With today's exuberance around earnings (notably forgetting the reality of various bellwether fails), [Continue Reading]

European Service Prices Plunge at Steepest Rate Since January 2010; Reflections on Keynesian Stupidity

Courtesy of Mish.

The Markit Flash Eurozone PMI shows the steepest fall in output prices since global crisis and renewed job losses, in spite of an otherwise stable PMI.
The Eurozone saw a marginal upturn in growth [Continue Reading]

The 10th Man: The Financial Engineering Market

The 10th Man: The Financial Engineering Market

By Jared Dillian

IBM went down hard on its quarterly earnings report this week. This made a splash in the news because, well, it’s IBM, and also [Continue Reading]