Trump’s Syria Pullout Fuels Backlash Across DC: Hawks, many liberals furious after surprise shift on Syria deployment

by axolotl_peyotl File this one under one of the (only) “cautiously optimistic” actions taken by the Trump administration in its entire existence. The Mockingbird MSM showed its true colors in a dramatic way when Trump first took military action in Syria, as the only time they expressed a shred of support for Trump was when he was … Read more

$1.3 Trillion “Leveraged Loan” Boom Comes Unglued

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The Fed has warned about them, and investors fear a run-on-the-fund.  The $1.3 trillion “leveraged loan” boom is coming unglued: Not because the junk-rated, highly leveraged, cash-flow-negative companies that issued these loans are massively defaulting – they’re not yet – but because investors are fleeing these instruments that had been super-hot … Read more

Liquidation into quad witch

liquidation into quad witch pic.twitter.com/aRI1hdan93 — Alastair (@StockBoardAsset) December 21, 2018 From $21 billion inflow to $19 billion outflow on dollarflow index – UNPRECEDENTED! #ticktools — mcm-ct.com (@mcm_ct) December 21, 2018 wow – what a mess this quad witching is turning out to be – lots of offsides holders/settlements — mcm-ct.com (@mcm_ct) December 21, 2018 … Read more

Another Bad Market Day

by Chris Well, htere’s not a lot of positives for the bullks out there.  Tough start to the holiday shopping weekend too for those that were hoping for unbridled shopping spirits. The S&P finished down another -50 points: There was really nowhere to hide today, except, oddly, in the US dolalr which popped nearly 0.9% … Read more

Credit Markets Deteriorating

by Chris Stocks are for show, but bonds are for dough. Always keep your eye firmly on the credit space.  That Federal Reserve could give a rat’s ass about whether or not you are employed or your milk costs 2x what it did last week.  They care about the credit markets. Everything else is a … Read more

Stock Market Breakdown!

by Chris Well, that deteriorated quickly. Looks like I was wrong, and the expected bounce helped along by some judicous futures propping just crapped out. We are now below yesterday’s lows: And that’s with a stock futures ramp yesterday and a Fed jawboning moment. I guess when it’s time to get out, it’s time to get out. Good luck … Read more

Locking In The Losses

by Chris I just saw this on Zero Hedge: U.S. defined-benefit pensions will need to implement a “giant rebalancing out of bonds and into stocks”, with the bank estimating roughly $64 billion in equity purchases over the next 5 trading days. Well, that’s just an upsetting idea right there…the idea being that because pensions are trying to … Read more

FITTON: PROOF: We are in Syria because of Obama and Hillary–key document tied Benghazi, to Western support for AQI and rise of ISIS.

by TFittonJW This is perhaps the most important document ever uncovered by Judicial Watch: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-defense-state-department-documents-reveal-obama-administration-knew-that-al-qaeda-terrorists-had-planned-benghazi-attack-10-days-in-advance/ Thanks, Obama!     (Washington, DC) – Judicial Watch announced today that it obtained more than 100 pages of previously classified “Secret” documents from the Department of Defense (DOD)and the Department of State revealing that DOD almost immediately reported that the attack on the U.S. Consulate in Benghazi … Read more

Small Caps Hitting 2009 Oversold levels!

by Kimble Charting The Russell 2000 it’s 161% Fibonacci extension level in August and (1), where it quickly reversed and declined more than 20%! The swift decline now has small caps testing rising support and its 2015 highs at (2). While it is testing dual support, weekly momentum is now reaching oversold levels. The last time momentum … Read more

DHS To Congress: We Will Deport Illegal Aliens & Make Them Wait In Their Own Countries For Asylum

https://www.youtube.com/watch?v=ZvNQDKHATNA DHS To Congress: We Will Deport Illegal Aliens & Make Them Wait In Their Own Countries For Asylum today during the House Judiciary Committee Kirstjen Nielsen hearing and Kirstjen Nielsen today many questions were asked about latest news and breaking news from the dhs secretary and dhs in current events and business in politics … Read more

Trudeau’s Approval Rating PLUMMETS! – Could This Be The END Of Justin Trudeau?

Josh Sigurdson reports on the recent news of Trudeau’s all-time low approval rating! From a 46% approval rating last December to a 35% approval today, it doesn’t look good for Canadian Prime Minister Justin Trudeau. Most people cite the massive deficit and absolutely enormous taxes as the reason they do not approve of Justin Trudeau. … Read more

CNBC: “As Fear Rises on Wall Street, Strategists Warn the Worst Is Yet to Come”

via CNBC: Strategists say there’s more trouble ahead for the stock market which is experiencing its worst December since 1931. Stocks plunged on fears of a recession, and the Nasdaq was temporarily in bear market territory, a 20 percent decline from its recent highs. The Cboe Volatility Index temporarily jumped above 30, its highest since … Read more

$100T Yen: Largest Annual Budget Ever for Japan, the World Most-Indebted Nation

via Bloomberg: Planned debt issuance falls for seventh straight year Government also preparing extra budget for current year   Japan’s budget for the fiscal year starting in April 2019 will top 100 trillion yen ($890 billion) for the first time, highlighting the government’s struggle to curb spending in the developed world’s most indebted nation. The … Read more

Jim Cramer is acting like he predicted the 2008 meltdown, so time to remind people just how hard Jon Stewart kicked his a** for missing it back then. Roll 212!

The fact that “Roll 212” has entered the lexicon is all that really needs to be said. Sadly, most of the video has been scrubbed from the web. (tinfoil hat time) https://www.npr.org/templates/story/story.php?storyId=101888064   The only thing amazing about Cramer is how people are still listening to him. He has never been right. EVER. At least … Read more