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  • U.S. Stocks Plummet Amid Global Rout  [View news story]
    Agree, guarantee you BOC has already been told to ensure a huge opening tomorrow no matter the cost...my guess is they end up 5% tomorrow which will fuel a 400 pt rise in the US tomorrow.
    Jan 4, 2016. 04:18 PM | Likes Like |Link to Comment
  • U.S. Stocks Plummet Amid Global Rout  [View news story]
    1.5% is a rounding error...6% starts to be interesting but not sure we can ever have that again given the collars and the Fed intervention schedule...everything is BTFD opportunity these days.
    Jan 4, 2016. 04:17 PM | Likes Like |Link to Comment
  • An Ominous Start To 2016 - China Down 7%, Trading Halted, And Much More Bad News  [View article]
    China will see that the US was only down 1.6% and take that as a huge positive and will be up 5% tomorrow relegating Monday to the "tempest in a teapot" folder as how could a country with as many economists and analysts as the US be wrong?
    Jan 4, 2016. 03:59 PM | 2 Likes Like |Link to Comment
  • SF Fed's Williams expects 3-5 rate hikes this year  [View news story]
    Wow, that that's a good one...What exactly is Williams citing outside of his own irrational exuberance and the desire to have a rate high enough that could actually be lowered and have a snowball's chance to provide "confidence" should what appears to be happening actually get much worse?
    Jan 4, 2016. 03:25 PM | Likes Like |Link to Comment
  • Another Banking Intervention In Portugal - The Case Of Banif  [View article]
    Good, well written article and does highlight the subplot under the generally happy narrative of economists and CBs coupled with the lack of reporting by mainstream media which has its hands full with floods, fires, refugees and terrorist plots every night, none of their viewers want to hear about continued deterioration in the "confidence game".
    Dec 30, 2015. 02:42 PM | 2 Likes Like |Link to Comment
  • Predictions For 2016  [View article]
    Agree in most part:

    Hillary will be president
    Oil will stay below $50 most of the year
    Due to oil at this level and hedges rolling over, much more pain for oil companies
    Gold and Silver will flatline to decline
    Dollar will get stronger as EM continues to deteriorate
    Housing will flatline as wages and 1-2 more Fed hikes takes the glow off housing'
    Unemployment will tick up towards 300K due to continued demand declines
    Dec 30, 2015. 08:49 AM | 1 Like Like |Link to Comment
  • Want To Bring The Oil Market Into Focus? Adjust Prices For Inflation  [View article]
    El Nino is likely to make this one of the warmest Northeast winters on record which certainly is going to be a factor vs. last year.
    Dec 29, 2015. 04:14 PM | 2 Likes Like |Link to Comment
  • Consumer confidence improved in December  [View news story]
    It improved among kids and declined among experienced adults who read the news
    Dec 29, 2015. 01:47 PM | 2 Likes Like |Link to Comment
  • Are Dividends Irrelevant?  [View instapost]
    Dividends have for a good number of companies ceased to be a function of operational efficiency and profits but rather borrowing based on the credit rating, brand and historical importance of the company to pillage that value in real time to reward those in control and invested in the company. If you don't keep the big hedgies and ETFs happy the stock price death spiral becomes something that very quickly where those in control lose their jobs to a new group that will play the game via borrowing the way hedgies want them to.
    Dec 28, 2015. 02:21 PM | Likes Like |Link to Comment
  • James Bradford Appointed to Praxsyn Corporation Board of Directors  [View article]
    More incestuous board appointments trying to tie the rainmakers into the ointment senders...
    Dec 21, 2015. 02:20 PM | Likes Like |Link to Comment
  • What The Hecla? A Miner With A Silver Lining  [View article]
    Yes, assuming that "other" category in the rev/margin sheet above is debt financing, every one of these companies could easily throw in the towel to free themselves of the debt and re-emerge cleaners just like coal miners are doing now. The price can always go lower...

    Here's a scenario...economy weakens and stock market swoons by 20% in 2016...People are forced to sell good shares and metal to pay margin calls resulting in even lower unimaginable metal prices. HL loses it's LOC and one or two management changes and you are into pennies within months...it really is that easy unfortunately.
    Dec 17, 2015. 02:21 PM | Likes Like |Link to Comment
  • Federal Follow-Through Thursday: The View From The Top  [View article]
    Spot on as usual Phil...this is a suckers rally and yesterday had all the hallmarks of the NY Fed leaning on their minions on the Street to do what was necessary to make sure it was a happy day for liftoff...reality sets back in if not this year, certainly after the Holiday Retail take hits home like the proverbial falling anvil.
    Dec 17, 2015. 09:39 AM | 3 Likes Like |Link to Comment
  • Sticker Shock: Fed To Hike Rates First Time In Nine Years!  [View article]
    This certainly doesn't help the demand side of the equation....
    Dec 16, 2015. 02:50 PM | Likes Like |Link to Comment
  • Fed projections: 1.4% Fed Funds by the end of 2016  [View news story]
    Why does it feel like the Fed is tacking their yacht right into a hurricane?
    Dec 16, 2015. 02:47 PM | 2 Likes Like |Link to Comment
  • I Would Sell SolarCity Short, But...  [View article]
    Must be happy you didn't do the short...solar soaring on subsidy news today...hard to be short anything these days...
    Dec 16, 2015. 10:22 AM | Likes Like |Link to Comment