Gundlach: "The Market Will Keep Pushing Deutsche Bank Lower Until It Is Bailed Out"

"The market is going to push down Deutsche Bank until there is some recognition of support. They will get assistance, if need be. One day, Deutsche Bank shares will go up 40 percent. And it will be the day the government bails them out. That jump will happen in a minute," Gundlach said. "It is about an event which is completely out of your control."

Just 3 Things

Record levels denote the point that previously marked the end of a cycle, not the beginning of a new one. This point is often missed by the mainstream media. Record highs of anything, whether it is economic, fundamental or financial data, are warnings signs of late stage events.

Why Perry Capital Shut Down: The Full Letter

" Although I continue to believe very strongly in our investments, process and team, the industry and market headwinds against us have been strong, and the timing for success in our positions too unpredictable."

BofA Stunned By Record VIX Roundtrip; Fears "Fragile Market"

In recent months, BofA notes that the speed of mean reversion in the VIX has been particularly striking by historical standards. Since the end of QE3, VIX spikes have had very little persistence, generating low cumulative volatility relative to the previous 25 years, underscoring BofA's thesis of a fragile market that features rapid jumps from states of calm to states of stress and back.

Saudi Arabia Reacts To Sept. 11 Bill Veto Override

While so far there has been nothing but a stony silence from Riyadh, some Saudis have bristled, saying the kingdom should curb business and security ties in response. "What would happen if Saudi Arabia froze its cooperation with the United States with regards to counter-terrorism as a response to JASTA?"

Wells Fargo To Be Sanctioned By DOJ For Improperly Seizing Soldiers' Cars

And the hits just keep on coming. The full court press on Wells Fargo continues, on the heels of California's sanctions, Bloomberg reports the bank is now facing a Justice Department sanction over improperly repossessing cars owned by members of the military, according to two people with knowledge of the investigation.

Iraq Revolts, Says "We Cannot Accept" OPEC Deal In This Form

"These figures do not represent our actual production," Iraq's oil minister Luaibi told reporters. If by November estimates do not change, "then we say we cannot accept this, and we will ask for alternatives". Luaibi went even further and asked a reporter from Argus Media - whose data OPEC uses among other sources to compile estimates of countries' production - to disclose from where Argus' estimates were coming. "Your sources are not acceptable."

Outflows From Active Funds Surpass A Record $200 Billion

Over the last several years, we have observed an accelerating trend of flows out of active funds and into passive vehicles. Price sensitivity of investors to fees, coupled with poor performance trends, have conspired against active funds, and year-to-date flows out of active have reached a post-crisis high. As of this moment, the outflows from active funds have surpassed $200 billion: an all time high.

Apple, Nasdaq Slide On Report Of Exploding iPhone 7

First it was Samsung, now it's Apple's turn. According to a just released report by Boy Genius Report, an iPhone 7 did what its main South Korean competitor has seemingly mastered: it exploded.

Watch Live As Wells CEO John Stumpf Gets Grilled On The Hill Again: Five Things To Look For

Wells Fargo embattled CEO John Stumpf returns to Capitol Hill for the second time in 10 days, for a contentious hearing with the House Financial Services committee. Despite Stumpf's belated clawback of $41 million in unvested stock, which took place only after tremendous congressional and populist outrage, his job remains very much under threat.