I Read The News So You Don’t Have To – Market News (Oct. 26, 2018)

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by ogordained United States Durable Goods Orders report was positive, up 0.8% Largely due to defense orders Transport orders fell Capital goods orders -machinery and whatnot- fell for the second straight month The GDP report comes out today at 8:30 – growth is expected at 3.5% The Kansas City Fed is showing business spending falling fast Americans collecting unemployment hit its lowest level in decades Other Alphabet fell about … Read more

The Wall Street analyst who called this stock-market rout sees another nasty drop for the S&P 500

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via Market Watch There is more pain in the pain trade ahead. That is according to Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, who said, during an interview on CNBC midday Thursday, that a current market rebound belies a market that is badly damaged and ready to sink further. Wilson describes current conditions as a “rolling … Read more

Ghosts Of 1987 Stock Market Crash Suddenly Appear

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via Rob Isbitts I have been tracking the parallels between 2018’s S&P 500 price movement and that of 1987 since early this summer.  I keep trying to ignore it, but to quote that famous Seinfeld scene with a painting called “The Kramer”… “He is a loathsome, offensive brute. Yet I can’t look away.”  That’s how I feel about … Read more

Stocks dropping following disappointing earnings from Amazon and Alphabet

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by QuantalyticsResearch US Stocks Global stocks are dropping this morning following disappointing results from Amazon.com (AMZN) and Alphabet (GOOG.L) and negative earnings guidance from European large-cap stocks US stocks index futures are declining and are pointing to a sharp decline to the start of trading in US stocks with the Dow Jones minis –0.81%, S&P500 minis –1.03% and Nasdaq … Read more

Bankrate.com Survey: 60% of Americans Say Their Finances Same or Worse Since 2016 Election

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Close to 40 percent of individuals polled by Bankrate.com say their personal financial situations have improved since President Trump was elected. Among households earning less than $30,000 a year, 78 percent say that their financial situation hasn’t improved since 2016. Though the U.S. economy has improved since 2016, more than 60 percent of Americans say … Read more

Psychological Trick to Reducing Expenses

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by Chi_FIRE We don’t talk a whole lot in this sub about expense management, despite the fact that it is a critical component of financial independence. Some expenses are harder to reduce than others. For me, it was eating out at work. Nearly every day I’d spend about $8.50 for a mediocre burrito, sandwich, or … Read more

Interesting Statistics for those people who will stop working because they are financially independent

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by KillingTime56 Many people are afraid to stop working even though the experts would say they are financially independent. Though stock market returns in the future maybe different than in the past a study of stock market behavior in the last 50 years show past results is a good indicator of the future because over … Read more

Snapchat loses 2M more users and shares sink despite business growth

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Snapchat continued to shrink in Q3 2018 but its business is steadily improving. Snapchat’s daily active user count dropped again, this time by 1 percent to 186 million, down from 188M and a negative 1.5 percent growth rate in Q2. User count is still up 5 percent year-over-year, though. Snapchat earned $298 million in revenue with an EPS loss … Read more

If a housing bubble existing in the USA collapsed international markets in 2008, would a housing bubble occurring in Asia, Australia, Europe and New Zealand collapse international markets in the near future?

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by Macropod Why do I ask? When I visited China last month, I learned that an apartment in Beijing and Shanghai costs $10,000 USD per sq. ft. Yeah, whoah! Not only this, but the inflation rate is so high that investing in real estate wouldn’t have paid off. Would be nice to have someone validate … Read more

How Derivatives Work

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by Chris They are accounted for using a “net” position. Example:  Imagine that DB has sold a credit default swap to party A, but then also bought a credit default swap from party B on the same underlying position.  Let’s say each CDS derivative was for $1 billion.  One is a bet that some entity … Read more

A Visual Guide to State Taxes

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by howmuch The midterm elections are right around the corner, and President Trump just announced he wants to cut middle class taxes by 10 percent. It’s obvious people don’t like paying taxes, and letting workers keep more of their paychecks could be a ploy to boost GOP turnout ahead of a pivotal election. But state tax rates vary … Read more

10 Numbers That Prove That We Are Rapidly Becoming A Nation Of Government Dependents

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by Michael Snyder As the middle class disintegrates and poverty grows, more Americans than ever are becoming dependent on the government just to survive.  Today, we live in a country where most workers do not earn enough to support a middle class family, and we are seeing the homelessness crisis spiral out of control in major cities … Read more

Where Does The Tradition Of Wearing Halloween Costumes Come From?

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by Michael Snyder The modern tradition of wearing costumes on Halloween can be traced back more than 2000 years to the Celts of ancient Britain.  During a Druidic festival known as Samhain, which is still celebrated by Wiccans and other modern pagans, revelers would often wear masks or costumes.  In modern times wearing costumes is considered to … Read more

CBS News Actually Blames Russian Bots for Creating The Political Environment Ahead of the “Pipe Bombs” Event Yesterday

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CBS News went on the air yesterday and attempted to place blame on those pesky Russian Bots for the pipe bomb mailings yesterday. In true Democratic party style, the party seems incapable of doing any kind of introspection and seems more then willing to blame EVERY SINGLE problem the party has, on Russia. https://youtu.be/EeyZm1wvQ3A h/t WeAreTheResistance

Is the Fed’s Medicine “Gradually” Pricking the Commercial Real Estate Bubble?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “People are concerned about all that capital chasing limited opportunities.” After a decade of “emergency” measures such as QE and zero-interest-rate policy designed to pump up asset prices – now ended – we get this: “Everyone is worried where things are headed,” explained Matthew Anderson, managing director at Trepp a data … Read more

Migrant Caravan Grows to 10,000 Then Greedy Democrat Admits What He Wants To Do for His NEW “VOTERS”

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https://www.youtube.com/watch?v=NT8c_qW0UoE Jack Davis for the Western Journal reports, A Democratic senator criticized President Donald Trump for his call to block a caravan of migrants from reaching the United States and said the United States should help the mass of people moving northward through Mexico. Read More/Source/Credit/FairUse: https://www.westernjournal.com/democr…

FANGS Bite the Big One After Hours

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by Jesse The spokesmodels, cheerleaders, and stock pimps were all smiles today as the equity indices were bouncing back hard. But alas, after the bell both Amazon and Alphabet, the behemoth formerly known as Google, shit the bed on their financial results, and the futures headed south with a vengeance. Gold and silver were off … Read more

WHOA: Dems TERRIFIED After Minnesota GOP Senate Candidate Suddenly Vaults Into Competitive Position

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https://www.youtube.com/watch?v=6QwYI6hkkho Hank Berrien for the Daily Wire reports, A new Star Tribune/MPR News Minnesota Poll found that Republican State Sen. Karin Housley is making her battle against Sen. Tina Smith, the Democratic incumbent, into a real horse race, as she trails only 41% to 47%. Read More/Source/Credit/FairUse: https://www.dailywire.com/news/37468/…