Phoenix Capital Research's picture

Risk Assets Are Not Confirming the Bounce in Stocks... Is the Next Leg Down About to Begin?

The S&P 500 has completely disconnected from most risk assets, driven by the usual manipulation during options expiration week, performance gaming by hedge funds before end of the month results are posted, and short covering.

Tyler Durden's picture

Life In The Electronic Concentration Camp: The Surveillance State Is Alive & Well

For all intents and purposes, the National Security Agency has supposedly ceased its bulk collection of metadata from Americans’ phone calls, but read the fine print: nothing is going to change.

Tyler Durden's picture

Seeking A Savior

It’s an unfortunate truth that, when people are worried about the future, they often put their faith in politicians to somehow make everything better. The hard truth, however, is that if we have a savior, he is the man in the mirror. If we are to be saved, we alone must do the research, make the plans, vote with our feet, and establish our own liberty.

Tyler Durden's picture

Morgan Stanley Throws In The Permabullish Towel, Says It Is "Feeling Worse, But Not Sure Can Explain It""

"We are lowering our 2015 S&P500 EPS estimate from $124 to $120.5. This is to both mark-to-market for weaker Q3 results and to reduce our estimates for January earnings. The consensus bottom-up number is roughly $119. This means we anticipate earnings growing just over 1% in 2015 year-over-year, not counting a net buyback of about 2.3%."

Tyler Durden's picture

Can The Oil Industry Really Handle This Much Debt?

With at least 83 percent of these companies' operating cash being spent on debt repayments - the highest on record - the renewed collapse in crude oil prices of the last month has renewed focus on the tidal wave of defaults that the credit market is increasingly pricing in (and stocks not).

Tyler Durden's picture

Submerging Markets

After failed breakouts earlier in the year, the charts of the Asian Tiger Cub markets suggest more trouble may lie ahead... as The Fed's decision looms.

Tyler Durden's picture

Which Assets Have Priced In A Chinese Economic Collapse? Barclays Explains

If we assume that China’s hard landing can and will get hard-er-er, it’s worth asking which assets and currencies have priced in a further deceleration in the world’s engine of global growth and trade. Barclays has more on what’s expensive and what’s cheap vis-a-vis persistent deterioration in the Chinese growth story.

Tyler Durden's picture

Taxation As A Severe Insult

Consider how insulting it is! Why is the president of the country better qualified than we are to determine where our resources will do the most good? Why are members of Congress or local politicians? Who on earth do these folks think they are? Advocates of government wealth redistribution blatantly insult the rest of us by denying us the good sense it takes to spend our wealth.

Sprott Money's picture

Winning, but Losing, at the Penny-Pitch: A Look at the Coming Collapse of the European Union

When I was a boy, a carnival would come through town annually, with a Ferris wheel, a merry-go-round and, of course, a midway

Tyler Durden's picture

A Look At The Coming Collapse Of The European Union

The people of Europe have been the patsies in this grand scheme and are, at this point, experiencing decided buyer’s remorse.

Tyler Durden's picture

Buy! And Hold?

It would not be unprecedented for trendy issues like the F.A.N.G. stocks to continue on to much larger gains... But just ask the Turkeys how this ends.

Tyler Durden's picture

The True Meaning Of Thanksgiving

In the wilderness of the New World, the Plymouth Pilgrims had progressed from the false dream of communism to the sound realism of capitalism. This year, at a time of economic uncertainty and growing political paternalism, when we, Americans sit around our dining table with family and friends, we should remember that what we are really celebrating is the birth of free men and free enterprise in that New World of America. The true meaning of Thanksgiving, in other words, is the triumph of Capitalism over the failure of Collectivism in all its forms.

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