Your Daily Rescue Update

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by Chris The truly boring part of this Kabukli theater known as the equity markets is seeing the same nonsense over and over again. As usual, after a day of heavy selling, “someone” did not even wait for the “”markets”” to be closed for more than five minutes before applying heavy buying pressure to the … Read more

This Wasn’t Supposed To Happen…

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by Michael Snyder We have definitely deviated from the script.  According to virtually all of the “experts”, the stock market was not supposed to keep plummeting in November.  This was supposed to be the month when the market calmed down and things returned to normal.  But instead, November is starting to look a whole lot like … Read more

First the stock, then the preferred, now junior debt: GE capital structure crumbling before our eyes.

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https://twitter.com/pierpont_morgan/status/1062063617451966465 Spreads blowing out on GE debt (these are the 2035 notes now at 265bps) pic.twitter.com/zyNa06TZcK — Tracy Alloway (@tracyalloway) November 12, 2018 The share buyback chickens are finally coming home to roost. In 2016 alone GE borrowed money to buy back over 20 billion in stock. Shareholders losses on those purchases are already about … Read more

Trump to meet with White House trade team to discuss tariffs on European automakers: Report

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President Donald Trump plans to meet with his trade team on Tuesday, according to Bloomberg. He reportedly wants to discuss a draft report on European auto tariffs. Trump sees the threat of auto tariffs as a successful negotiating tactic, according to an Axios report on Monday. https://www.cnbc.com/2018/11/12/gm-shares-turn-negative-on-report-white-house-circulating-draft-on-auto-tariffs.html

The Week Ahead – Forecast (Nov. 12 – 16)

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by ogordained Tuesday Pot stocks report earnings with Cronos reporting pre-market and Tilray reporting after markets close. Canopy Growth Corp will follow them pre-market on Wednesday Wednesday Macy’s reports earnings pre-market. The stock is already up 30% this year – beating expectations of $0.13 EPS may not be enough to continue it’s upward climb with positive expectations already priced in. The Commerce Department will … Read more

Here’s how to find out if you can get ACA marketplace health insurance with premium tax credits during open enrollment before Dec 15. Includes links to federal and state web sites that let you browse before applying.

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by wijwijwij I’ve seen some posts that indicate some people have had trouble figuring out if they’re eligible for help paying for health insurance coverage on the ACA marketplace, aka Obamacare. Because the user interfaces may be hard to navigate, here is a quick guide. Open enrollment runs Nov 1 – Dec 15 for 2019 … Read more

Why can it not go lower? Smart Money showing under 10k in the DOW is easily in the cards.

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https://twitter.com/LordPolemos/status/1062129804617515009 #Apple tumbles on new signs of weak iPhone demand, company is moving further away from the $1tn mark. pic.twitter.com/yRLfIIT17A — Holger Zschaepitz (@Schuldensuehner) November 12, 2018 when share buybacks go wrong pic.twitter.com/p6Zwi5laTY — . (@StockCats_2009) November 12, 2018 Q3 Growth Weakens Sharply In China — this should be a warning to the West: global … Read more

Jeff Clark Presentation: Gold And Silver Stocks Are Literally Cheaper Than Dirt!

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Join GoldSilver Senior Precious Metals Analyst Jeff Clark for his recent presentation at The Silver & Gold Summit in San Francisco as he discusses the extraordinary valuations — both high and low — that define current asset markets today. Get Jeff’s best advice on how to capitalize on the astonishing undervaluations in gold and silver … Read more

THE STILL REPORT: Justice Ginsburg Will Retire In January 2019

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Note: Report begins at 0:33. Good evening, I’m still reporting on: Justice Ginsburg Will Retire Jan 2019???, 2439 Synopsis: According to today’s Santa Monica Observer, Justice Ruth Bader Ginsburg – known affectionately to the left as RBG – has suffered a recurrence of her malignant melanoma and must retire in January. Reportedly, Ginsburg has told … Read more

Silicon Valley battles new charges of anti-conservative culture

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In recent months, Facebook, Google and Twitter have faced intensifying claims of online censorship and an environment that’s not welcoming to right-leaning employees. A Wall Street Journal report claims Oculus co-founder Palmer Luckey’s activity on a polarizing, and often extreme, right-leaning Reddit channel caused an uproar among Facebook employees. It also says the company pressured … Read more

FYI: Cannabinoids selectively kill cancer/tumor cells, while protecting healthy cells from cell death

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Cannabinoids may cause antitumor effects by various mechanisms, including induction of cell death, inhibition of cell growth, and inhibition of tumor angiogenesis invasion and metastasis.[9-12] Two reviews summarize the molecular mechanisms of action of cannabinoids as antitumor agents.[13,14] Cannabinoids appear to kill tumor cells but do not affect their nontransformed counterparts and may even protect … Read more

Fears That The Bull Market Died Sent People And Algos Scrambling Out Of The Way

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter There were company-specific debacles that sank some of the gorillas, such as Goldman Sachs, Apple, and – oh gosh, not again – GE; and there was the general issue of fears circulating that the bull market has died, with people and algos trying to scramble out of the way: The Dow … Read more