Ron Insana: "I Only Manage A Virtual Portfolio Which I Took To Cash Last Thursday"

Once upon a time, Ron Insana tried running a fund of funds. He failed. Then he tried working at SAC. That didn't work out either. Then, he decided to write scathing opeds in the Huffpo bashing "doomsayers." Four years later, the Fed is terrified to hike rates by 25 bps from zero while in the meantime all other central banks have joined the Fed in a global, liquidity-injecting tsunami, confirming the doomsayers were right all along. So what is ole Ron, who once upon a time used to work at CNBC up to these days? Why "managing a virtual portfolio" it would appear... which he "took to cash last Thursday."

Why Water Is More Important To Iran's Future Than Oil

As Congress prepares to vote on the Iran nuclear deal, the focus remains on what separates the Islamic republic from the United States, which, depending on your worldview is either a lot, or everything. The truth is that similarities, though perhaps few in number, do exist. Similar though contrasting religious convictions, a penchant for exceptionalism, and pistachios aside, water management stands to be a defining issue for both nations – and, truthfully, the world – as we approach mid-century.

Deutsche Bank's 10 Reasons Why The Market Is Going Lower

Blink and you missed it. With stocks surging back to green and CNBC celebrating, one could be forgiven (were on a goldfish) for believing everything is truly awesome again. However, as Deutsche Bank details, there are ten good reasons why this is far from over...

The "Fear And Greed" Index Is Almost At 0

If the Fed was hoping to get the retail investor back and buying in the market to allow the hedge funds, institutions and private clients who are all selling at unprecedented levels it may have to come up with a different strategy than today's flash crash rerun.

Forget The Dips, Sell The Rips

So now comes the era of gluts, shrinking profits and a drastic deflation of the giant financial bubble that the world’s central banks have so foolishly generated. And this time they will be powerless to stop the carnage. Yet the beleaguered central bankers will launch desperate verbal and market manipulation ploys to brake the current sell-off and thereby preserve the bloodied remnants of their handiwork.  When in response the gamblers make their eighth run at buying a dip that is now rapidly turning into a crater, it will be an excellent time to sell anything in the casino that isn’t nailed down.

Today's Historic Market Open, Caught On Tape

https://i.imgflip.com/pzrzh.gifDuring the flash crash of May 6, 2010, the 1000 plunge in the Dow Jones seems historic, unprecedented and surely unrepeatable - after all the regulators had "learned their lesson" and would never allow a move like this ever again, right? Wrong.

Here's The Problem: Despite The Plunge, Company Valuations Are Still At Extremes

Following the recent broad market selloff which has taken all US stock indices into the red for 2015 and in some cases, red for the past 52 weeks, the real question traders should be asking themselves now that the power and potentcy of central bank intervention is increasingly questioned is whether stocks are now fundamentally cheap or at least, "fairly" valued. The answer, as SocGen's Andy Lapthorne points out, is a resounding no.

Is This Black Monday Crash The BIG ONE? It Doesn't Matter

Plenty amongst you will be talking about economic cycles, and opportunities, and debate how to ‘play’ the crash, but all this is useless if and when a market doesn’t function. And just about all markets in the richer part of the world stopped functioning when central banks started buying assets. That’s when you stopped being investors. And when market strategies stopped making sense. Central banks will come up with more, much more, ‘stimulus’, but what China teaches us today is that we’re woefully close to the moment when central banks will lose the faith and trust of everyone. After injecting tens of billions of dollars in markets, which thereby ceased to function, the global economy is in a bigger mess then it was prior to QE. The whole thing is one big bubble now, and we know what invariably happens to those.