The Unique Evil Of The Left

Is it too much to say that since the French Revolution, the left has been the source of virtually all political evils, and continues to be so in our day?

Trump Vs Clinton: How Will Energy Fare?

While countless articles have been written about the differences between the two candidates, the Republican and Democratic Parties just released their official platforms, which details their dream agenda if they were to gain control of the White House and Congress. It should come as no surprise that they are far apart on energy issues.

Trump Sparks "Wave Of Alarm" Across Europe After Warning US May Not Help NATO Members

Having entertained America for the past three days, overnight Donald Trump's rhetoric crossed the Atlantic and as the FT puts it, "has sparked a wave of alarm across Europe" as well as calls for solidarity from the head of NATO after warning that the US might not come to the defence of an alliance ally under attack from Russia if that country had not fulfilled its obligations to America.

"Are Stocks Cheap Or Expensive" - Here Are 20 Answers

"Is the S&P 500 cheap or expensive" - In trying to answer that question, BofA does the right thing and instead of giving a blanket statement, it looks at the 20 most important valuation measures, and finds that the market is overvalued, in some cases dramatically, according to 18 of of the 20 most popular metrics.

Energy Giant Schlumberger Fires Another 8,000 As "Market Conditions Worsened" In Q2

"As a result of the weakness in activity that will persist through 2016 as expected, we have made another significant adjustment to our cost and resource base, including the release of more than 16,000 employees during the first half of 2016 and a further streamlining of our overhead, infrastructure, and asset base."

Mattress Money & Need-For-Yield: "We Saw This In 2007"

“Cash On The Sidelines.” is the age old excuse why the current “bull market” rally is set to continue into the indefinite future. The ongoing belief is that at any moment investors are suddenly going to empty bank accounts and pour it into the markets. However, the reality is if they haven’t done it by now after 3-consecutive rounds of Q.E. in the U.S., a 200% advance in the markets, and now global Q.E., exactly what will that catalyst be? However, Clifford Asness summed up the problem with this myth the best and is worth repeating...

Roger Ailes Resigns From Fox News; Rupert Murdoch Takes Over As Acting CEO

Following a barrage of allegations of sexual misconduct involving Fox News' iconic CEO Roger Ailes, it seemed like it was only a formality before the departure was announced, and sure enough, moments ago it became official when Fox announced that Ailes has resigned as CEO and Chairman.

Complacency Is Creeping Back Into The Stock Market

With stocks’ steady drift through all-time high territory, investors’ relative near-term volatility expectations have plummeted to near record lows. So how did investors fare following such extreme displays of complacency?

Boehner On Ted Cruz: "Lucifer Is Back"

Back on April 28, we learned that John Boehner is not a fan of Ted Cruz. At all. So much so that he called Cruz "Lucifer in the flesh" and a "miserable son of a bitch." Overnight, the former House Speaker, a stalwart of the old GOP establishment, chimed in again in the aftermath of the Cruz fiasco and summed up his reaction to Cruz's controversial RNC speech in three words, according to a former aide: "Lucifer is back."

Here's What's So Crazy About This Stock Market

...Instead of punishing the shares of a company with declining sales and profits, huge write-offs, and a sky-high P/E ratio, markets simply continue to drive the stock higher, no matter what. Other stocks experience the same thing. This earnings season, more than ever, is turning into the Theater of the Absurd.

Are VIX ETFs A Powder-Keg Waiting To Explode?

"...the growth in VIX positions in leveraged products coupled with the increasingly bullish sentiment is a potentially explosive combination for the market - this powder-keg might not get set off - but the risk that it will, is rising."

Wall Street's Wishful Thinking - Debunking The "Abundance Of Strong Data" Meme

Having flirted with recession and escaped that fate, the mainstream assumes that 'it' is all over and that prior expectations should only resume. This binary arrangement has clearly colored recent analysis, and as such it has led to really unhinged commentary...but "abundance of strong U.S. economic data" is pushing very close to wishful blindness.

Amazon To Issue Student Loans To New "Prime" Shoppers

In Amazon's latest attempt to entice shoppers into its premium Prime program, Wells Fargo will cut half a percentage point from its interest rate on student loans to Amazon customers who pay for a "Prime Student" subscription, which provides the traditional Prime benefits such as free two-day shipping and access to movies, television shows and photo storage.

As Hillary Polls Slump, Even Michael Moore Says "Trump Is Going To Win

As Hillary Clinton prepares for the Democratic National Convention next week, the latest poll shows she is now tied with Trump (losing a 7 point lead from before FBI Director's Comey's decision). While the DNC will likely provide a bounce (Trump at 7 week highs), if outspoken liberal filmmaker Michael Moore's comments are anything to go by, the best is behind Hillary... "I think Trump is going to win. I'm sorry,"  Moore said, "people are in denial of this, but the chance of winning is really, really good."