Why April 14th Looks Like a Near Term Top

by rdtrdy – 50% back up rally is ripe for taking profits and panicky limiting of losses – Bounced down off the 280+ level twice, last Thursday end of day and again this morning – April 15th was the Roth IRA deadline, retail investor buying dries up now – A lot of the Trump bucks … Read more

Conventional Financial Advice Is Dead

The American Dream ended the moment the global economy tanked and people are still recommending outdated information. The last remaining remnants of your purchasing power is at stake and people are still consulting people that give recession style information.  

52% Of Investors See A U-Shaped Recovery

by UPFINA Investors are getting back to the basics by looking at balance sheets. Their reasoning is simple: liquidity is tough to come by. Companies that won’t make it through this recession won’t reap the rewards of the recovery. At the bottom in late March, it was common to see companies that probably weren’t close to … Read more

Should we bailout big CORPORATIONS…AGAIN? When will THE FED stop their insanity?

https://www.youtube.com/watch?v=1xqRZjxsQak&feature=youtu.be Should we bailout big CORPORATIONS…AGAIN? When will THE FED stop their insanity? I explained on @RT_America tonight!! Chk it out!! Link below 😉👍👇 George Gammon: Feds bailouts will create mass inflation https://t.co/w80bHgt9pI via @YouTube pic.twitter.com/8eQ2yQ8C4D — George Gammon (@GeorgeGammon) April 16, 2020 Take a wild guess who else is getting bailed out right now. … Read more

All US jobs created since the Great Recession have been wiped out in just 4 weeks; It took one month of volatility to Annihilate any remaining semblance of Fed Credibility and independence.

https://twitter.com/realwillmeade/status/1250573354727243778 It took one month of volatility to Annihilate any remaining semblance of Fed Credibility and independence. — Paranoid Bull (@paranoidbull) April 16, 2020 https://twitter.com/realwillmeade/status/1250466974435618816 Federal Reserve has encouraged moral hazard on a grand scale.Chair Powell has gone from preaching about credit risks to buying junk bond funds https://t.co/edwX1lhDYh via @financialtimes — Stare Decisis (@MsResJudicata) … Read more

Someone purchased 35K of 16 Oct’20 $255 puts on SPY paying a whopping $63.7m for these puts.

https://twitter.com/yuriymatso/status/1250548778093776896 How much is this people going long specific names and hedging the beta? https://t.co/0PC0e8kYyl — Robin Wigglesworth (@RobinWigg) April 15, 2020 At today's high, the S&P 500 got within ~16% of the most extreme valuations in U.S. history. I know ya'll are looking "over the valley" because recession lows are followed by bull markets. … Read more

No, We Are Not “All In This Together”…

by Brandon Smith A common phrase I have heard lately all around the internet as well as all around the area I live whenever the pandemic situation is broached is that “We are all in this together, and WE will get through this together….” The sentiment is repeated like a religious mantra and I believe it … Read more

No one seems to be noticing the massive uptick in global EQs

Especially around the Yellowstone area. There has been a massive amount of activity and yet nearly every major source, including GLP, is either mute or barely acknowledging it. Source: https://www.oe-files.de/gmaps/eqmashup.html Source: https://www.nationalgeographic.com/science/2020/03/chunk-yellowstone-size-chicago-has-been-pulsing/   AC

So Basically The FBI Was A Russian Asset, Damaging The Us Political System At Putin’s Instigation:

It looks like Putin conned the FBI into the ‘Russiagate’ probe. It is becoming increasingly clear that the Russia investigation launched and conducted by James Comey’s Federal Bureau of Investigation deserves to rank as one of the agency’s great blunders — at best. President Trump famously calls the probe a hoax, a label he uses … Read more

CHINA: Coronavirus runs roughshod over debt-laden belt and road projects.

Developing countries’ ‘hidden debts’ to China totalled US$380 billion well before the global health and economic crisis, analysts estimate Montenegro, which has a US$750 million Chinese loan for highway construction, is among the borrowers seeing commodity prices plunge and exchange rates shift In 2014, the tiny Eastern European country of Montenegro saw an opportunity to … Read more

FOREIGN COLLUSION: US colleges received millions from China, Russia, Saudi Arabia…and didn’t report it.

We need much stricter enforcement of the various foreign-influence laws. via campusreform Colleges and universities across America failed to report nearly $1 billion in foreign gifts between 2013 and 2018. The foreign gifts include money from China, Russia, and Saudi Arabia. Universities and colleges across the United States failed to report nearly $1 billion in foreign … Read more

Is the Buffett Indicator thru the roof?

by onfallen Figured out something interesting; let’s discuss. Assumptions: US GDP will fall by X percentage this year GDP 2019 is $21.73 Trillion Total market cap is $28.48 Trillion Buffett indicator = market cap / gdp Scenarios: X – Buffett Indicator 5% – 138% 10% – 146% 15% – 154% 20% – 164% 25% – … Read more

The Path to Socialism is Paved in Bailouts

by Michael Lebowitz and Jack Scott Prelude: This article was largely written before the emergence of the Coronavirus. Recent developments as a result of the pandemic only add emphasis and gravity to the points made here.  “…many people living in the West are dissatisfied with their own society. They despise it or accuse it of … Read more

Freddie Mac: The Housing Market Faces Challenges Amid Economic Uncertainty

The fiscal stimulus provided by the CARES Act will mute the impact that the economic shock has on house prices. Additionally, forbearance and foreclosure mitigation programs will limit the fire sale contagion effect on house prices. We forecast house prices to fall 0.5 percentage points over the next four quarters. Two forces prevent a collapse … Read more