U.S. Steel Crashes After Slashing Guidance By More Than 50%

One day after Trump slammed Canada with a lumber tariff, somehow managing to send lumber future prices limit down on the CME, he is faced with another, far more credible crisis: the terrible guidance just released by US Steel in particular, and the fate of the US Steel industry - and China's adverse impact - in general.

WTI/RBOB Tumble After Surprise Crude, Gasoline Builds

After dropping to a $48 handle, WTI bounced off its 200DMA, but remains well down from last week's levels before the DOE-reported surprise gasoline build. The initial kneejerk reaction lower in WTI/RBOB after API reported an unexpected crude build and yuuge gasoline build.

Seven Years Of College Down The Drain

How many of your coworkers have a college degree?  If the answer is “Most” or “all”, you might assume that most American adults have one.  And that would be...  Wrong.

Playing The Game To Win - "I Made My Money By Selling Too Soon"

"There is no doubt that the market can grind higher to more dizzying valuations. However, there is also strong historical evidence that this market will normalize to average valuations. In the wisdom of Bernard Baruch, there are times when you “make your money” by not losing it. Perhaps more importantly, you preserve the ability to buy when better opportunities present themselves. "

Einhorn: "The Longs Say Stocks Can Only Go Up, Seemingly To Infinity And Beyond. We Have Seen This Before"

"The bulls explain that traditional valuation metrics no longer apply to certain stocks. The longs are confident that everyone else who holds these stocks understands the dynamic and won’t sell either. With holders reluctant to sell, the stocks can only go up – seemingly to infinity and beyond. We have seen this before. It’s painful for the shorts, as the TSLA CEO has been happy to remind everyone via Twitter."

Neil Ty - The Scientism Guy

Neil deGrasse Tyson has released a new video to call out the obstinate, ignorant voters who deny what many regard as certain truths handed to them by a body of elite, trustworthy scientists. Yet Tyson and the marchers border on an equally dangerous view: scientism.

Wells Meeting Turns Into Screaming Match, Shareholder Kicked Out After "Physical Approach" Toward Board Member

What may be the most controversial annual shareholder meeting in Wells Fargo history, in which the board is seeking re-election after last year's misselling scandal, devolved into a screaming match on Tuesday morning and was briefly halted following interruptions by angry shareholders as the bank's chairman and chief executive tried to calm nerves ahead of a vote that could oust the majority of its board.