#VIX was seen as sure thing — until it suddenly wasn’t anymore: Inside Wall Street's $8bn VIX time bomb.

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  https://www.bloomberg.com/news/videos/2018-02-07/a-crash-course-on-the-rise-and-fall-of-the-hottest-trade-video   Before whirlwind, banks turned volatility into the hot item VIX was seen as sure thing — until it suddenly wasn’t anymore https://www.bloomberg.com/news/articles/2018-02-06/volatility-inc-inside-wall-street-s-8-billion-vix-time-bomb?utm_medium=email&utm_source=newsletter&utm_term=180207&utm_campaign=ritholtz L O L $VIX pic.twitter.com/QQXjX3bd1i — Alastair (@StockBoardAsset) February 7, 2018 h/t @Schuldensuehner

Did Rare Event Signal Capitulation?

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by Dana Lyons This week’s epic selloff included back-to-back 90% Down Days on the NYSE; was it the usual sign of capitulation? Waterfall-type declines like we’ve seen in the stock market this past week typically end when the last holdouts give up, or capitulate. That makes sense since, if there is nobody left to sell, the … Read more

Future U.S. Oil Production Will Collapse Just As Quickly As It Increased

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BY SRSROCCO  While U.S. oil production reached a new peak of 10.25 million barrels per day, the higher it goes, the more breathtaking will be the inevitable collapse.  Thus, as the mainstream media touts the glorious new record in U.S. production that has both surpassed its previous peak in 1970 and Saudi Arabia’s current oil production, … Read more

FBI Texts: BURNER PHONES CONFIRMED!

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“So look, you say we text on that phone when we talk about hillary because it can’t be traced, you were just venting bc you feel bad that you’re gone so much but it can’t be helped right now” Pg 45. BURNER PHONES CONFIRMED!!! AC

Don’t forget what causes a recession

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From Noah Smith at Bloomberg: Remember recessions? Those times where the stock market goes down, unemployment goes up and businesses stop investing? There was a really big one about a decade ago, but that was a long time ago – there are plenty of young workers now who were kids back when names like Lehman … Read more

Bottom's In—Not!

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By David Stockman Flush. Rinse. Repeat. BTFD! Well, you could also give a good whack to the weak hands, burn the over-boughts, call in the sideline cash and get giddy about the fundur…mentals! After all, the man on bubblevision said nothing has changed since the January 25 high at 2873 on the S&P 500. So there’s that: Another easy peasy 6% gain … Read more

"The Democrats Lost And We Would Win Again!" Sarah Sanders OWNS ABC Reporter

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https://www.youtube.com/watch?v=kVsRPj4J8Ck “The Democrats Lost And We Would Win Again!” Sarah Sanders OWNS ABC Reporter Today During Sarah Huckabee Sanders Press Briefing (2/7/2018) She Takes ON ABC Reporter Jonathan Karl who insists President Trump is the one shutting down the government and press secretary sarah sanders tells him that the democrats lost last time and they … Read more

Atkinson: I’ve never seen journalists so uninterested in spying.

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Watch the latest video at foxnews.com Feb. 06, 2018 – 2:28 – Journalist Sharyl Attkisson says there’s been a pattern of surveillance abuse within the intel community for at least a decade and American communication companies are part of it. #Tucker http://video.foxnews.com/v/5727672901001/?#sp=show-clips Well, to be fair, any journalist who dared to do actual journalism and ask questions … Read more

Kansas Teacher Scores Big Win for Israel Boycott, and Free Speech

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A federal judge has ruled that Esther Koontz’s constitutional rights were violated when she was denied a Kansas teaching job over her refusal to renounce the Boycott, Divestment, and Sanctions movement (BDS) against Israel A federal judge has ruled that Esther Koontz’s constitutional rights were violated when she was denied a Kansas teaching job over … Read more

Bad Close, Worse Aftermarket

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by Chris What a day! With a real battle going on between the VIX sellers and futures buyers on one side and the cash sellers on the other. Up down, down up, on and on. The Dow futures went as high as 25,239 at one point after being some 735 points lower early in the morning … Read more

Congressmen: San Francisco is retroactively applying marijuana legalization to prior convictions dating to 1975, which means that thousands of felonies and misdemeanors will be re-sentenced or dismissed. This is how we begin to end the failed “war on drugs.”

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  San Francisco is retroactively applying marijuana legalization to prior convictions dating to 1975, which means that thousands of felonies and misdemeanors will be re-sentenced or dismissed. This is how we begin to end the failed “war on drugs.” https://t.co/r1gAl7TnQL — Ro Khanna (@RoKhanna) February 6, 2018 San Francisco will retroactively apply California’s new marijuana … Read more