Month: June 2018

Billionaire investor Jim Mellon: Sharp sell-off in US stocks is the start of a ‘very major correction’… Today’s stock market is the most overvalued on record — more so than in 1929, 2000 and 2007.

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 Jim Mellon talks the possibility of a trade war from CNBC.   via CNBC: A market correction is inevitable even without trade war fears, billionaire investor Jim Mellon told CNBC’s “Worldwide Exchange” on Tuesday. Mellon is not alone in suggesting that today’s stock market is the most overvalued on record — more so than in … Read more

U.S. Stocks – Buy the dippers still in vogue, No Sell The Rippers. What Could Possibly Go Wrong When ETF, HFT & Inexperienced Children Dominate Trading? Party Like It’s 1929!

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https://twitter.com/PlanetPonzi/status/1008722994208890881 three consecutive repricing events at auction start $SPY, btfd hasn't worked in many of sessions pic.twitter.com/YqCGumBp7n — Alastair (@StockBoardAsset) June 19, 2018 BTFD Crowd has been getting monkey hammered $SPX pic.twitter.com/Sp0HIVFNs9 — Alastair (@StockBoardAsset) June 19, 2018 According to #ElonMusk: #Tesla to layoff 9% of its workforce. Tesla is The Best Example of "Irrational … Read more

To Avoid Collapse, Subway Hires Bain & Company To “Prepare It For A Sale”

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by stockboardasset The accelerating demise of Subway, the world’s largest sandwich chain, will one day be just another case study of how to run a once-magnificent business empire into the ground, as Americans quickly abandon five-dollar footlongs. The New York Post recently uncovered new knowledge about the 52-year old sandwich chain, which has been in a sales … Read more

IS ALBERT EINSTEIN NEXT TO MEET THE BIG PC AIRBRUSH?

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Calling Einstein A Racist Is Perfect For Those Who Can’t Compete With His Accomplishments: So what does Einstein say in his diaries? “This theory of relativity thing could come in really handy at eliminating inferior races with an atom bomb?” “Let’s enslave uppity Chinese women who want to study quantum mechanics?” No. Of the Japanese, … Read more

The Definitive List: The 50 Times The MSM Made A ‘Mistake’ In Its Reporting On Trump

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by Sharyl Attkisson of Sharylattkisson.com We the media have “fact-checked” President Trump like we have fact-checked no other human being on the planet—and he’s certainly given us plenty to write about. That’s probably why it’s so easy to find lists enumerating and examining his mistakes, missteps and “lies.” But as self-appointed arbiters of truth, we’ve largely excused our own unprecedented … Read more

Home price insanity: $2.6 million for 900 square feet

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via CBSnews: If you’re looking for homes in Palo Alto, Calif., our sympathies to your bank account. In the most recent example of home prices gone bonkers, a two-bedroom, one-bathroom cottage has been listed for $2.6 million. At 900 square feet, that means you’d be paying more than $2,800 per square foot — an eye-popping … Read more

As Social Security and Medicare Go Bankrupt, US Gives Israel $10.5 Million a DAY

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via thefreethoughtproject:   As the United States government admits that Social Security and Medicare services are going bankrupt and will both be completely depleted within the next 16 years, American taxpayers are giving around $10.5 million to a close ally that is routinely accused of human rights violations. The latest report from the Social Security Administration revealed that Social Security … Read more

The telltale signs of a dying bull market

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Image by iStock/guirong hao From Frank Holmes at Frank Talk: Besides lifting rates, the Fed has also signaled that we can expect two more hikes in 2018, suggesting it sees less and less need to accommodate a booming U.S. economy. Since the start of this particular rate hike cycle two and a half years ago, we haven’t … Read more

New Copyright Law Could Make Current and Future Internet Memes Illegal to Share

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via thefreethoughtproject: Posting memes, remixes, and other similar content could soon be banned from the web in the European Union, according to critics who are speaking out against a recently proposed copyright law. The law, known as the “Copyright Directive,” will be voted on later this month by the European Parliament, and lawmakers suggest that this … Read more

Grassley: “Is the IG investigating Comey’s handling of his memos about Trump?” Horowitz: “Yes, we’re investigating it and will produce a report on it.”

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https://twitter.com/seanmdav/status/1008782337373548544?ref_src=twsrc%5Etfw In a somewhat surprising turn of events, Horowitz reveals that Comey is under DOJ investigation over mishandling classified info. Although soundly buried on /r/conspiracy about an hour ago, this story is certainly juicy and conspiratorial enough to warrant at least a discussion on this sub. And the intrigue continues, as noted by a response to this tweet: Horowitz … Read more

Ex-CIA officer charged with massive leak to WikiLeaks

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A former CIA computer engineer has been indicted on charges he masterminded what appears to be the largest leak of classified information in the spy agency’s history. Joshua Schulte, 29, was charged in a new grand jury indictment with providing WikiLeaks with a massive trove of U.S. government hacking tools that the online publisher posted … Read more

S&P500 Possible Bearish Turn

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via UmarAbdurRehman My previous call on S&P500 longs around 2692 almost have met the target of 2800, not yet hit that level but almost reached it. We may see it may test that and roll all the way back. For now- it seems like it is likely to complete the correction and i am expecting a … Read more

Am I missing something or does more than half of the tax you pay go to the military?

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  Sourced from wikimedia commons https://www.nytimes.com/interactive/2017/03/22/us/is-americas-military-big-enough.html https://www.theguardian.com/us-news/2018/feb/09/senate-budget-deal-us-military-spending https://www.cnn.com/2018/03/28/politics/us-military-spending-items-intl/index.html https://www.pbs.org/newshour/nation/military-budget http://www.abc.net.au/news/2017-03-17/donald-trumps-budget-boosts-military-slashes-climate-funding/8362516 https://www.nbcnews.com/storyline/military-spending-cuts/u-s-military-spending-dwarfs-rest-world-n37461 h/t EmployerOfTheMonth

The Fed Screwed Up… And The Markets Know It

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via The Phoenix Last week the Fed announced it intends to hike rates another two times this year, with three more hikes next year. The Fed also announced that it will continue to increase its QT program with the goal of eventually withdrawing $50 billion in liquidity per month, or some $600 billion per year. The … Read more

M1 launches M1 Borrow

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M1 launched their first margin product and are charging 3.75%. Its for accounts over $25k and they are selling “M1 Borrow” as a portfolio line of credit. I might now just invest all my liquid NW and borrow whenever I have a large bill due. Does anybody borrow against their portfolio outside of trading (like in … Read more