Every time VIX has hit the neighbourhood of 12, a drawdown in S&P500 has followed within a few days
$VIX https://t.co/MhdY5PjuEw — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 5, 2019
Public wealth has declined in most countries since the 1980s.
“Net public wealth (public assets minus public debts) has even become negative in recent years in the United States and the UK, and is only slightly positive in Japan, Germany, and France.” “In the UK and the United States, national wealth consists entirely of private wealth, as net public wealth has become negative (that is, … Read more
Adobe has been getting 25% y/y revenue growth for several quarters now
https://www.sec.gov/Archives/edgar/data/796343/000079634319000165/adbe10qq319.htm#s46638CE00173507091755C138E5C7B13 Their digital media segment has grown 22% Their digital experience segment has grown 34% They made 2.8 billion in revenue They made 796 million in net income This gives them a TTM P/E of 49 Edit: This was actually still in September
$258 billion of Fed money printing in just two months! Six months of QT reversed. No worries here, folks.
$258 billion of Fed money printing in just two months! Six months of QT reversed. But the repo trolls assured me the first blip was only temporary. Now Powell promises $60 billion per month through Q2 2020. He is already running more than 2x that pace. Got gold? $GLD $GC $XAU pic.twitter.com/l8zHen9pNc — Kevin C. … Read more
TRUMP: THIS MEANS WAR… DEVELOPING: President Trump Offers Mexico Military Assistance to Clean Out Cartel Armies
President Donald Trump said Tuesday the United States was ready for war against the drug cartels, volunteering American forces to Mexico for the job. “This is the time for Mexico, with the help of the United States, to wage WAR on the drug cartels and wipe them off the face of the earth,” he wrote … Read more
WAPO reporter David Ignatius accidentally outs Stefan Halper CIA/FBI informant as one of his sources to Svetlana Lokhova and immediately hangs up phone and cuts off communication once he realizes his error.
After Halper was outed as a CIA and FBI informant in May 2018, Lokhova contacted Ignatius. In an email recently obtained by The Federalist, Ignatius replied to Lokhova that he’d “like very much to ask you about Stefan Halper.” When they spoke, Lokhova registered surprise about Halper’s role. That prompted Ignatius to say “he always … Read more
Trump responds to at least 10 women and children with Utah ties killed in Mexico, cartel style, while driving to a wedding
This is the time for Mexico, with the help of the United States, to wage WAR on the drug cartels and wipe them off the face of the earth. We merely await a call from your great new president! — Donald J. Trump (@realDonaldTrump) November 5, 2019 via foxnews: At least nine people—including six children—who lived … Read more
WSB traders uses Robinhood Margin exploit to buy a $1,000,000+ position from $4K in actual funds
https://www.reddit.com/r/wallstreetbets/comments/drqaro/robinhood_free_money_cheat_works_pretty_well_1/ The boys are back at it so it turns out when selling covered calls and if you buy the shares the stock isn’t subtracted from the buying power. The cash balance from the covered call gets added to your cash – increasing your buying power by the premium you took in. ***Also, … Read more
A redditor comments about the repo market situation
A comment from /u/Ilogy clarifies the situations at hand. The first question is: what is the actual problem? And then, secondarily, what does the Fed think is the problem? (Or perhaps more precisely, what does the Fed want us to believe is the problem?) In my opinion, the problem is that some of the collateral in the … Read more
#ArtOfTheDeal PHASE ONE
https://twitter.com/Yogi_Chan/status/1191681190610309120 $360B in tariffs dropped for $20B in ag purchases? Really? Now $360B >>#China Wants U.S. to Drop Tariffs on $360 Billion of Imports for Trade Deal Negotiators asked to eliminate tariffs on about $110B in goods that were imposed in Sept and lower the 25% tariff rate on about $250B that began last yearhttps://t.co/CsLNCvvRLJ … Read more
Jim Simons’ Medallion fund has generated an average annual return of 66% since 1988.
WSJ had an article about Jim Simmons oday, Mr. Simons is considered the most successful money maker in the history of modern finance. Since 1988, his flagship Medallion fund has generated average annual returns of 66% before charging hefty investor fees—39% after fees—racking up trading gains of more than $100 billion. No one in the investment … Read more
AirBNB called out for mismanagement of scam listers in “Vice” article – IPO in 2020?
The call came about 10 minutes before we were set to check into the Airbnb. I was sitting at a brewery just around the corner from the rental on North Wood Street in Chicago when the man on the other end of the line said that our planned visit wouldn’t be possible. A previous guest … Read more
India’s shadow banking crisis raises spectre of contagion
At the turn of the millennium, a group of entrepreneurs in their twenties banded together in a cramped office near a New Delhi bus terminal to start what they hoped would be India’s answer to Charles Schwab. Almost two decades later, founder Sameer Gehlaut — the son of a politician and army officer, once dubbed … Read more
SPX Put time
by angrypelican29 SPX RSI overbought (see chart with VIX overlay in pink and Parabolic SAR overlay .VIX MACD about to go positive (see second chart). Market up VIX, up divergence. Went long SPX 3030 puts for Wednesday @ $.60 https://preview.redd.it/uyw9e2jnapw31.png?width=699&format=png&auto=webp&s=0876f1e2839ed85f8cf7323a78ee4df1c827f8e6 https://preview.redd.it/7vaco8jnapw31.png?width=788&format=png&auto=webp&s=6d10ace870c46709bd4c976e797053d628e6eca5 Disclaimer: Consult your financial professional before making any investment decision.
The Deutsche Bank Death Watch Has Taken A Very Interesting Turn
by Michael Snyder The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later. Those that follow my work on a regular basis already know that this is a story that I have been following for years. Deutsche Bank is … Read more
Leveraged-Loan Downgrades Spike, Collateralized Loan Obligations Get Cold Feet, Selloff in B-Rated Loans Ensues
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Sell first, ask questions later.” The $1.2-trillion US leveraged loan market is starting to get downgrade-indigestion. So far this year through October 11, of the 1,460 leveraged loans in the S&P/LSTA Index, 282 issues were downgraded, already exceeding the 244 downgrades for the entire year of 2018, and blowing past the … Read more
American Conspiracies & Cover-Ups
Authored by Douglas Citignano via Off-Guardian.org, In today’s world, the phrase “conspiracy theory” is pejorative and has a negative connotation. To many people, a conspiracy theory is an irrational, over-imaginative idea endorsed by people looking for attention and not supported by the mainstream media or government. History shows, though, that there have been many times when … Read more
Another Sign Of The Times – Man Stabbed To Death Over A Popeye’s Chicken Sandwich
by Michael Snyder Would you kill someone for a chicken sandwich? If your answer is no, what if it was a really, really tasty chicken sandwich? After a two month wait, Popeye’s spicy chicken sandwich finally returned on Sunday. It was “national sandwich day”, and fans in many locations started lining up well before stores … Read more