Market Manipulation 101

Phil discusses Bill Ackman’s latest market gaming tactic.

Market Manipulation 101 – Buy $5.5Bn of a Stock, Tell People [Continue Reading]

Opportunity Vs. Risk in a Bifurcated Market

SPY 5-years (weekly) (1)

By Ilene, with guest author Paul Price at Market Shadows

The broad indexes are trading near highs. Many stocks are over-priced as judged by typical valuation metrics. However, the chart of the S&P 500 ETF (SPY) carving out major advances for most of the last six years does not tell the whole story.

S&P Chart from mid-2010:

Progress stalled about [Continue Reading]

David Stockman: Charts of the Day

These charts are fact-slices of a theme: labor is getting cheaper, while labor participation has been decreasing since 2008 — except for people ages 55 years and older who are staying longer and longer in the labor force.  

$4 Trillion [Continue Reading]

Chart o’ the Day: The Only Bear Market Guide You’ll Ever Need

 

Chart o’ the Day: The Only Bear Market Guide You’ll Ever Need

Courtesy of 

Here’s a great graphic from J.P. Morgan’s fantastic Q3 [Continue Reading]

News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

The Devastation in Global Commodity Currencies is Far From Over (Bloomberg)

A bounce in crude oil and other commodity prices Tuesday halted a plunge in currencies of countries linked to natural-resource exports. The respite will be short-lived, [Continue Reading]

Treasury to SEC: You’re Flying Blind on the $4.1 Trillion Hedge Fund Risks

Courtesy of Pam Martens

OFR Reports That U.S. Hedge Funds Hold $4.1 Trillion in Leveraged Assets, One Third of All Financial Industry Assets

By Pam Martens and Russ Martens: August 4, 2015

The Dodd-Frank financial reform legislation just celebrated its [Continue Reading]

Your “New Economy”: These 10 Startups Are Valued At $156 Billion On $4 Billion In Revenue

Courtesy of ZeroHedge. View original post here.

If one had to summarize the "new economy", which supposedly this time is different than the last time the US had a "new economy", in just one chart, it would be the following one which [Continue Reading]

Billary Clinton And The Perfection Of Consumerist Narcissism

Courtesy of Charles Hugh-Smith Of Two Minds

I don't think it's coincidence that Bill Clinton's presidency and Christopher Lasch's landmark analysis The Culture of Narcissism: American [Continue Reading]

3D Printing an Ornate Bridge Over a Water in Amsterdam

Courtesy of Mish.

Every month, 3D printing possibilities get increasingly elaborate.

For example (with thanks to reader Tim Wallace for the links): The Goal of MX3D is to 3D print a steel bridge. Really.

With our robots that can “draw” steel structures [Continue Reading]

It’s 1929 for Goldbugs

Courtesy of Joshua M. Brown

The Wall Street Journal documents some very dire facts about the utter capitulation and panic among gold “investors” we’re witnessing.

The last time gold hit a record, after controlling for inflation, was 1980. It [Continue Reading]

Gulf Countries Now Back Iran Deal; Buchanan Explains Republicans’ No-Win Situation

Courtesy of Mish.

It was already difficult to imagine Congress mustering up enough support to override a presidential veto of a bill to kill the Iran deal, but it will be impossible now that Kerry Secures Gulf Support.
[Continue Reading]

Where Candidates Fear To Tread

Courtesy of James Kunstler

That the snarkier circles of political commentary thrill to the elephantine bellowings of Donald J. Trump only shows the pathetic limitations of the snarkists. They enjoy Trump’s filterless mouth, his harsh goadings of the other presidential wannabes, and his [Continue Reading]

Fed Finally Figures Out Soaring Student Debt Is Reason For Exploding College Costs

Courtesy of ZeroHedge. View original post here.

Back in May 2014, in one of its patented utterly worthless "analyses" (that cost taxpayers several tens of thousands of dollars) the San Francisco Fed, home of such [Continue Reading]

Investors Take a Vacation

 

Investors Take a Vacation

Courtesy of Wade of Investing Caffeine

This article is an excerpt from a previously released Sidoxia Capital Management complementary newsletter (August 3, 2015). 

It’s summertime and the stock market has taken a vacation, and it’s unclear when [Continue Reading]

Layoffs Surge As Oil Price Outlook Remains Sober

Courtesy of Andy Tully of OilPrice.com

Lately the leaders of some of the world’s biggest energy companies have been saying oil prices will remain depressed for some time – perhaps for the next five years – and now they’ve decided to cut their costs in the most [Continue Reading]

“The Worldwide Credit Boom Is Over, Now Comes The Tidal Wave Of Global Deflation”

Courtesy of David Stockman of Contra Corner

If you want a cogent metaphor for the central bank enabled crack-up boom now underway on a global basis, look no further than today’s scheduled chapter 11 filling of met coal supplier Alpha Natural Resources (ANRZ). After becoming a public company in 2005, its [Continue Reading]

Ukraine’s Ultra-Right Militia Threatens Military Coup

Courtesy of Mish.

Dissatisfied with alleged concessions to Russia, the leader of the Right Sector battalion, Dmytro Yarosh, seeks a nationwide no-confidence referendum in President Petro Poroshenko.

The Right Sector is an illegal battalion that Kiev tolerates because its fighters are well-trained, well-equipped, and willing to take on the separatists.

There [Continue Reading]

Here Comes The Next Trillion-Dollar Bailout

Courtesy of John Rubino.

As boxers like to say, it’s the punch you don’t see that knocks you out.

In a world where a growing part of the financial system is hidden from view and excluded from official statistics, those are words to remember.

A couple of examples from the 2008-2009 [Continue Reading]

When China Stopped Acting Chinese

 

Thoughts from the Frontline: When China Stopped Acting Chinese

By John Mauldin

“The one thing I know for sure about China is, I will never know China. It's too big, too old, too diverse, too deep. There's simply not enough time.”

– Anthony Bourdain, [Continue Reading]

Rent Bubble = Housing Bubble = Rent Bubble

Courtesy of Charles Hugh-Smith, Of Two Minds

Here is the conventional narrative about rents and housing valuations:

1. Rents have soared because people can't afford to buy a house and have to rent

2. Based on soaring rents, housing is fairly valued

In other words, rents and housing are tautological: rents are [Continue Reading]

New York Times Pushes False Narrative on the Wall Street Crash of 2008

Courtesy of Pam Martens.

According to the OCC, Just Four Banks (JPMorgan Chase, Citigroup, Bank of America and Goldman Sachs) Hold 91.3 Percent of All Derivatives Held By More Than 6,000 U.S. Banks as of the First Quarter of 2015

By Pam Martens [Continue Reading]

Wage Growth Accelerating? By How Much? Total Compensation and the Obamacare Effect

Courtesy of Mish.

On July 24, the Conference Board asked the question: Is Wage Growth Accelerating?

The Board’s answer was “All signs point to Yes!”
One big question regarding the US economy is whether wage growth is [Continue Reading]

Bad Deal Math: I have a Product, But Please Don’t Buy It

Courtesy of Mish.

How often do you hear a car manufacturer (or any other manufacturer) tell people to "not" buy their product because they lose money if you do?

I highly suspect this is nothing more than a purposely calculated publicity stunt, but please consider [Continue Reading]

Here’s The Bad News That Nobody Is Telling You About The Record Lows In Initial Jobless Claims

Courtesy of Lee Adler at Wall Street Examiner

The headline, fictional, seasonally adjusted (SA) number of initial unemployment claims for last week came in at 267,000. The Wall Street economist crowd consensus guess close to the mark this week, at 272,000.

We focus on the trend of the actual data, instead of the seasonally [Continue Reading]