• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...

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The First Warning Sign That Cushing May Be About To Overflow

Enterprise Products Partners has told at least some counterparties that it is experiencing delays in delivering crude from its tanks, according to three sources who were informed of unspecified "terminalling and pump" issues.  The hiccups may be a sign of things to come as traders fear a further increase in stocks at Cushing would test the upper limits of tanks and cause the next leg of an 18-month rout.


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Gold Surges Back Into The Green After $1.2 Billion Morning Plunge

After someone decided to dump $1.2 billion notional in gold futures this morning as the jobs data hit - sparking a $20 tumble in the precious metal - it appears stock sellers are greatly rotating to the safety of bullion (over bonds)...


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The Swiss National Bank Doubled Its Holdings Of AAPL Stock In 2015

In a year in which AAPL not only entered a bear market, but dropped to multi-year lows, the SNB almost doubled its total AAPL holdings, which as of December 31, 2015 amounted to 10.4 million shares, up from 5.6 million a year earlier


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Flint Officials Could Have Prevented Lead Crisis for $80 A Day, Broke Federal Law Instead

"It’s outrageous that this sort of government-made catastrophe would happen anywhere in the United States..."


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"High-Skilled Hillbillies" Become Computer Programmers As Coal Dies Slow Death

The death of coal as had a dramatic impact on Appalachia, where generations of miners depended on the industry to provide economic stability. Now, with coal rapidly becoming a black relic of a bygone era thanks in part to cheap natural gas and angry environmentalists, some Kentucky residents have taken up a new profession: coding.


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Divided America

There is not one America today, nor two. Politically, there are at least four.


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North Dakota's Economy Has Been "Completely Devastated" By Oil's Collapse

North Dakota "has been the economic envy of every state in America for most of the past decade with the lowest jobless rate, the highest increase in personal income, and the fastest-growing population." Not anymore.


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Oil Jumps As US Rig Count Plunges Most Since April

After weeks of modest declines, the US Oil Rig Count plunged by 31 to 467 this week - the biggest drop since April 2015 led by a 19 drop in Texas. Total rig count crashed 48 to 571. The reaction, though muted, was a jump in crude prices.


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Robust Job Growth Doesn't Make Sense And The Numbers Show Why

There is no productivity mystery, only a distinct and illegitimate lack of curiosity on the part of economists to simply take the Establishment Survey as gospel regardless of how little it fit the rest of the world. It also calls into question the legitimacy of the FOMC and monetary policy that was certainly subject to, and predicated upon, the same quackery. No matter how little the payroll reports described the economy as it was, including the relation to GDP, they held on to nothing else to instead deny everything.


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The Chart Of Doom: When Private Credit Stops Expanding...

Three out of the five major economies are already experiencing stagnant or negative private credit growth. Three down, two to go. Helicopter money--government issued "free money" to households--is no replacement for private credit expansion.


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President Obama Explains How Surging Bartender Jobs Are Unequivocally Good - Live Feed

Following Jason Furman's "Baghdad Bob" appearance on CNBC this morning, it is President Obama's turn to gloat over the awesomeness of a 4.9% unemployment rate (never mind the fact that the gains during his presidency have gone to low-paying jobs). A job is a job after all... right?


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German Spy Chief Says ISIS Operatives Have Infiltrated Europe Disguised As Refugees

A day after German authorities arrested three men in connection with a planned terrorist attack on Berlin, Germany's intelligence chief warns that ISIS fighters are hiding among the 1.1 million refugees the country took in 2015. "We have repeatedly seen that terrorists have slipped in camouflaged or disguised as refugees," he says. “This is a fact that the security agencies are facing.”


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Even With the Market Rolling Over, This Is What Bears Are Worried About

With faith in "growth" faltering and the momo leaders rolling over, there are still worries for the bears in the intermediate term...


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