With stocks at “record overbought” levels, Kevin C. Smith explains why economic indicators are suggesting we’re on the verge of a selloff

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How long can we keep frothing upwards? With stocks at “record overbought” levels, @crescatkevin explains why economic indicators are suggesting we’re on the verge of a selloff: — Schwab Network (@SchwabNetwork) January 14, 2020 This panoply of over-bought technical indicators is worthy of our attention. Note how they have worked together in an over-valued, late-cycle … Read more

A friendly reminder as bank earnings season gets underway. C&I loan growth has sunk into the red at the largest banks. If everything is awesome, why the closed balance sheet? Something doesn’t add up.

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A friendly reminder as bank earnings season gets underway. C&I loan growth has sunk into the red at the largest banks. If everything is awesome, why the closed balance sheet? Something doesn’t add up. ⁦@Not_Jim_Cramer⁩ ⁦@gamesblazer06⁩ ⁦@SoberLook⁩ pic.twitter.com/Pt5iJwmEO5 — Danielle DiMartino Booth (@DiMartinoBooth) January 14, 2020 pic.twitter.com/LxNdrLCp6v — M/1_LP (@MI_Investments) January 15, 2020 US #GDP … Read more

All hell breaks loose if shelter inflation keeps falling.

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All hell breaks loose if shelter inflation keeps falling. Powell’s Printing Press will run out of ink. Luckily the Fed still cutting rates to support housing. Oh, wait… ⁦@Quillintel⁩ ⁦@SoberLook⁩ pic.twitter.com/PmmxrpQf81 — Danielle DiMartino Booth (@DiMartinoBooth) January 15, 2020 The stock market is not the economy. (via Deutsche) pic.twitter.com/eiqeyiLDy6 — Carl Quintanilla (@carlquintanilla) January 14, … Read more

Another warning thread – Tread Carefully

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by InsecureFunding Yes I know, stocks only go up – etc etc. However I believe some of you are genuinely in need of some information so let me lay some stuff down for you. 1.) We are at historically elevated valuations. Somewhere between the Dotcom bubble and Black Tuesday in terms of PE. Below is … Read more

U.S. Justice Department Recommends No Jail Time for The Guy They Pinned The 2010 Flash Crash On

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https://www.bloomberg.com/news/articles/2020-01-15/u-s-recommends-no-jail-time-for-flash-crash-trader-sarao Something has been fucky about this narrative from the start. The guy was spoofing something like 300 emini contracts and turned his system off before the bulk of the actual flash crash happened yet I’m to believe it was all some autistic dude and not the massive sell orders cited in the original 2010 … Read more

Happy new year from SoftBank, you’ve been laid off!

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https://twitter.com/alisongriswold/status/1217443340670644225 Forget 20 for 2020, SoftBank portfolio companies layoffs are already at 2,600, with another 1,200 reportedly planned at Oyo in India over the next three to four months. Add in major cuts made by Uber, WeWork, and a handful of other companies last year and you get that SoftBank-backed firms have logged about 6,700 job cuts … Read more

As Tesla shares rise, Elon Musk stands to score the first $346 million of a possible $55 billion payout

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https://www.cnbc.com/2020/01/14/as-tesla-shares-rise-elon-musk-stands-to-reap-a-346-million-payout.html Tesla will hit a market cap of $100 billion when the stock price hits $554.81. If it stays there, and Tesla meets other revenue or EBITDA goals, CEO Elon Musk will get the first of twelve tranches of stock options. Those options would be worth $346 million, assuming the stock price stays stable.

Visa to acquire Plaid, the fintech powering Venmo and other banking apps, in $5.3 billion deal

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Visa is buying Plaid in a deal worth $5.3 billion — roughly double the start-up’s last private valuation. Plaid’s API software lets start-ups connect to users’ bank accounts and works with Venmo, mobile investing app Robinhood and cryptocurrency exchanges Coinbase and Gemini. Plaid says 25% of people in the United States with bank accounts have … Read more

Stock Bubble III: The Great Unraveling – Stock Option Expiration Friday

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by Jesse “Realize that narcissists have an addiction disorder. They are strongly addicted to feeling significant. Like any addict they will do whatever it takes to get this feeling often. That is why they are manipulative and fakers. They promise change, but can’t deliver if it interferes with their addiction.” Shannon L. Alder “As a … Read more

Wild! Scientists Create Xenobots, 1st Robots Made from LIVING CELLS

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https://www.youtube.com/watch?v=c35qNyenqsY Scientists in the US claim to have created zombie robots from reanimated frog cells, giving rise to a living organism never seen or created before which can perform important tasks while healing itself. These millimeter-wide “xenobots” were designed on a supercomputer using an evolutionary algorithm to create thousands of candidate designs. The winning designs … Read more

Humans Getting Replaced! Walmart Using Robots for Fulfilling Grocery Orders

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https://www.youtube.com/watch?v=lQuJ3txK12I A Walmart Supercenter in Salem, New Hampshire, has been the first store to test a new kind of technology that will use robots to collect grocery items for online order fulfillment. Walmart is one of the largest companies in the world by revenue, with at least 2.3 million employees in the US, has seen … Read more

The Global Debt Bomb! $255 Trillion Debt – Inevitable Economic Collapse & Stock Market Crash

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https://www.youtube.com/watch?v=NLajPr_Rh0A If you were worried about the debt of the United States then hold on to your heart because the figure for global debt is even more alarming. In a report issued by the Institute of International Finance in November last year the global debt hit a new high of over $250 trillion dollar for … Read more

WARNING: SARS VIRUS OUTBREAK IS HAPPENING RIGHT NOW

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https://www.youtube.com/watch?v=wR5RmtKPGDY I just got off the phone with a virologist in Australia who is warning Australia and The United States of America that the SARS Virus Outbreak in China is very far from over. Researchers are warning that an explosion of new cases is expected to be seen and announced in the coming days and … Read more

It’s Repo Madness

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By Harry Dent Heard any good news about global growth, earnings forecasts, Trump’s impeachment, the China trade impasse, or American relations with Iran? No need when the Fed is pumping money into the financial markets at two times the rate of peak quantitative easing. Oh, QE was halted in late 2014, then the Fed stopped it and then tapered … Read more

CRASH and BURN! TOP Moments from Last Night’s Democrat Clown Show Debate

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https://www.youtube.com/watch?v=WCRnrakF7yg Shelby Talcott from The Daily Caller reports, Philanthropist Tom Steyer flipped his views on the United States–Mexico–Canada Agreement (USMCA) Tuesday during the Democratic debate after originally calling it “a win” in December. Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/ne…