http://www.zerohedge.com/fullrss2.xml en It's Decision Time For Gold, Miners, And The Dollar http://www.zerohedge.com/news/2014-11-24/its-decision-time-gold-miners-and-dollar <p><em>Submitted by <a href="http://worldcomplex.blogspot.com.au/2014/11/decision-time.html">mickeyman via World Complex blog</a>,</em></p> <p><a href="http://worldcomplex.blogspot.ca/2014/10/gold-is-stronger-than-it-appears.html">Last month we saw this chart</a>--in which <strong>the swings in the GoldxUSDX index had formed a triangle going back over a year.</strong> At that time we were quite close to the apex.<br />&nbsp;</p> <div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-iTQk_hBkH-4/VG_9dYEBZkI/AAAAAAAAEMo/pnvGiIUSkWU/s1600/Gold%2Bx%2BUSDX%2Bto%2B10-14.jpg" style="margin-left: 1em; margin-right: 1em;"><img src="http://4.bp.blogspot.com/-iTQk_hBkH-4/VG_9dYEBZkI/AAAAAAAAEMo/pnvGiIUSkWU/s1600/Gold%2Bx%2BUSDX%2Bto%2B10-14.jpg" style="border-width: 0px; border-style: solid; width: 602px; height: 197px;" /></a></div> <p> </p><p>The last few weeks have been eventful. We saw a clear break below the lower trendline, followed by a bounce up above the upper trendline. It appears a decision has been made.<br />&nbsp;</p> <div class="separator" style="clear: both; text-align: center;"><a href="http://1.bp.blogspot.com/-5kU0hl7OeyU/VHAGAreEagI/AAAAAAAAEM4/62cWqqk5ZhU/s1600/Gold%2Bx%2BUSDX%2Blong%2Bterm%2Bdecision%2Bdetail.jpg" style="margin-left: 1em; margin-right: 1em;"><img src="http://1.bp.blogspot.com/-5kU0hl7OeyU/VHAGAreEagI/AAAAAAAAEM4/62cWqqk5ZhU/s1600/Gold%2Bx%2BUSDX%2Blong%2Bterm%2Bdecision%2Bdetail.jpg" style="border-width: 0px; border-style: solid; width: 600px; height: 335px;" /></a></div> <p> </p><p>Barring further smashdowns, it seems we are moving out of the triangle and into a climb. Supporting this is the action of the last few weeks in the chart of USDX vs gold price.<br />&nbsp;</p> <div class="separator" style="clear: both; text-align: center;"><a href="http://3.bp.blogspot.com/-sXlQLI51drU/VHANum3jwLI/AAAAAAAAENI/7sFSpykVBYk/s1600/USDX%2Bvs%2Bgold%2Bweekly%2Blate%2B2014%2Bimpossible.jpg" style="margin-left: 1em; margin-right: 1em;"><img src="http://3.bp.blogspot.com/-sXlQLI51drU/VHANum3jwLI/AAAAAAAAENI/7sFSpykVBYk/s1600/USDX%2Bvs%2Bgold%2Bweekly%2Blate%2B2014%2Bimpossible.jpg" style="border-width: 0px; border-style: solid; width: 600px; height: 403px;" /></a></div> <p> </p><p><strong>In the last two weeks, we are seeing the impossible--a rise in the gold price and the US dollar.</strong></p> <p>This isn&#39;t as impossible as it seems--we&#39;ve seen this before, from late 2009 to about mid-2010. It was a good time to be invested in gold equities.</p> <div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-fCW4ycPGLdY/VHAPTSQ3IqI/AAAAAAAAENU/MfiBgtjPfY4/s1600/USDX%2Bvs%2Bgold%2Bweekly%2BNov14.jpg" style="margin-left: 1em; margin-right: 1em;"><img src="http://4.bp.blogspot.com/-fCW4ycPGLdY/VHAPTSQ3IqI/AAAAAAAAENU/MfiBgtjPfY4/s1600/USDX%2Bvs%2Bgold%2Bweekly%2BNov14.jpg" style="border-width: 0px; border-style: solid; width: 601px; height: 332px;" /></a></div> <p><strong>Our current position on the chart is given by the yellow arrow. </strong>We are virtually in the same position as we were in late May of 2010. The yellow ellipse covers the area of the move of the last three months. Now is the time to be long gold and gold miners.</p> <p><strong>Notice that during the impossible trend in the past, gold and USDX never rose together for more than two consecutive weeks.</strong> The move was seemed to be a series of cycles and countercycles, over which both parameters increased.</p> <p>As I&#39;ve <a href="http://worldcomplex.blogspot.ca/2014/01/isoquants-of-gold.html">argued previously</a>, rising gold and US dollar is the most economically favourable environment for gold equities--particularly those with production. If the number of dollars you receive per unit of gold increases, and at the same time the value of those dollars increases, your revenue increase will reflect both inputs.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="582" height="324" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20141124_gold.jpg?1416847323" /> </div> </div> </div> http://www.zerohedge.com/news/2014-11-24/its-decision-time-gold-miners-and-dollar#comments Mon, 24 Nov 2014 17:51:40 +0000 Tyler Durden 498215 at http://www.zerohedge.com MassMutual Senior Vice President Found Dead, Stabbed In Chest In Apparent Homicide http://www.zerohedge.com/news/2014-11-24/massmutual-senior-vice-president-found-dead-stabbed-chest-apparent-homicide <p><a href="http://www.wcvb.com/news/police-investigating-death-of-massmutual-executive/29893228"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/11/Millian.jpg" width="191" height="220" style="float: left; margin-right: 10px;" /></a>A week after stunned Tribeca woke up to news of a grizzly death in which a Citigroup managing director living on Greenwich Street was <a href="http://www.zerohedge.com/news/2014-11-19/senior-citi-banker-found-dead-bathtub-slashed-throat">found dead in his bathtub with a slashed throat </a>and the lack of a suicide weapon on the scene suggesting there was foul play involved, another banking executive was killed over the weekend, when 54-year-old Melissa Millian, a senior vice president at MassMutual, was found lying in a road in Simsbury, Connecticut, having been stabbed in the chest. </p> <p>As <a href="http://connecticut.cbslocal.com/2014/11/22/simsbury-woman-found-thursday-had-been-stabbed/">CBS reports</a>, initially there was speculation Millian may have been in a bicycle accident, or may have been the victim of a hit-and-run.&nbsp; However on Saturday, the office of the Chief State Medical examiner said the cause of her death was a stab wound to the chest, and the manner was homicide.</p> <p><a href="http://www.wcvb.com/news/police-investigating-death-of-massmutual-executive/29893228">According to WCVB</a>, Millan, a mother of two, was a senior vice president at MassMutual in Springfield. A spokesman for the company said she was a tremendous leader and deeply caring and that she would be missed.</p> <p>Passing motorists found Millan lying on the ground Thursday at 8:04 p.m., according to Simsbury police.&nbsp; </p> <p>Police said she could have been out jogging but that they did not yet know what happened and are investigating. Millan was taken to St. Francis Hospital where she died, according to police. </p> <p><strong>Police announced Saturday they were investigating the incident as a homicide.</strong></p> <p>As <a href="http://www.breaking911.com/senior-vp-of-massmutual-found-stabbed-to-death-on-conneticut-road/">Breaking911 further adds</a>, MassMutual was shocked by the news, with a company spokesperson saying that "Melissa’s tremendous leadership qualities, business acumen and deeply caring nature will be missed by those who had the opportunity to work with her." </p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>Friends, who gathered to pay their respects, said Millan was a dedicated athlete and an incredible mother. </p> <p>&nbsp;</p> <p>“Devastated…shocked and angry. That a woman, such a woman’s life, could have been ended so senselessly and so cruelly,” said friend Lynne Tapper.</p> </blockquote> <p>According to <a href="http://www.masslive.com/news/index.ssf/2014/11/residents_shocked_massmutual_v.html">MassLive</a>, people using the popular bike path that runs through the town said they were shocked to hear someone as stabbed to death along the trail which they consider safe.</p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p>The path is connected to a series of linked bikeways that start in Westfield and head south, running though most of Connecticut. It is popular with Western Massachusetts residents. </p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/11/flowers-iron-horse-boulevard-where-body-of-melissa-millan-was-found-kristen-turick-wtic-photo-e1416694280193.jpeg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/11/flowers-iron-horse-boulevard-where-body-of-melissa-millan-was-found-kristen-turick-wtic-photo-e1416694280193_0.jpeg" width="500" height="281" /></a></p> <p>&nbsp;</p> <p>Sunday several people stopped at the memorial to mourn the death of the woman who was known as a triathlete as well as a parent and a skilled professional. They declined to talk to the media. A vigil was held earlier on Sunday in Farmington sponsored by Team Training New England. </p> <p>&nbsp;</p> <p>The organization's website called Millan an "an extraordinary human being" and set up a memorial page for her. </p> <p>&nbsp;</p> <p>"Melissa has been a pillar of the TTNE community since she first trained with us in 2006. Regardless of her formidable responsibilities at home and at work, she made every effort to mentor 'newbie' triathletes and provide moral and other support to her team members year in and year out, without fail!" the website said. </p> <p>&nbsp;</p> <p><strong>People who use the path said it is well-lit and there are always people walking or driving by.</strong> </p> <p>&nbsp;</p> <p>"I was very surprised," said Donna Morris, of Simsbury, who was walking her four-month-old mixed breed dog at dusk Sunday. "I walk here sometimes and I haven't had a problem." </p> <p>&nbsp;</p> <p>The path runs along Iron Horse Boulevard, a divided roadway with plenty of traffic. The memorial was set up less than 20 feet from a popular playground which was filled with children and their parents Sunday afternoon. Behind the playground is a dog park that is also popular. Across the street from the playground is a group of shops. </p> <p>&nbsp;</p> <p>"It looks like someone would have seen something," Morris said. Tonia Kagan, of West Hartford, reacted with shock when she learned the bouquets had been placed there to remember Millan. </p> <p>&nbsp;</p> <p>"I love this path," she said. "My husband is in the dog park now. It is a lovely place." <strong>She likened Simsbury to West Hartford, saying it is usually peaceful and violence is rare.</strong> </p> <p>&nbsp;</p> <p>"I use this path a lot and I'm shocked and surprised...I always feel very safe," said Lucinda, who declined to give her last name. </p> </blockquote> <p>Was this another targeted murder in an otherwise sleepy neighborhood, and if so, what was the motivation to take out a mother of two and active member of the local community? The police investigation is ongoing.</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="195" height="225" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Millian.jpg?1416849470" /> </div> </div> </div> http://www.zerohedge.com/news/2014-11-24/massmutual-senior-vice-president-found-dead-stabbed-chest-apparent-homicide#comments Citigroup Fail Westfield Mon, 24 Nov 2014 17:21:27 +0000 Tyler Durden 498214 at http://www.zerohedge.com Gold & EUR Drop After ECB's Coeure Counters Weidmann's Warnings http://www.zerohedge.com/news/2014-11-24/gold-eur-drop-after-ecbs-coeure-counters-weidmanns-warnings <p>More of the same blather from Europe as following Weidmann's earlier comments with regard the <a href="http://www.reuters.com/article/2014/11/24/ecb-weidmann-idUSL6N0TE35N20141124"><strong>high-hurdles that the ECB still faces over sovereign QE</strong></a>, Coeure has come out to counter that by noting that the <strong>ECB does not have to see deflation to act</strong> and that they want to have a discussion of asset-purchases next week. EUR faded the Weidmann gains and Gold and silver are sliding as USD strengthens.</p> <p>&nbsp;</p> <p><a href="http://www.reuters.com/article/2014/11/24/ecb-weidmann-idUSL6N0TE35N20141124"><em>First Weidmann...</em></a></p> <blockquote><div class="quote_start"> <div></div> </div> <div class="quote_end"> <div></div> </div> <p><strong>The head of Germany's Bundesbank cautioned the European Central Bank on Monday about the legal hurdles it would face in embarking on money printing to buy government bonds, underlining its opposition to such a move.</strong></p> <p>&nbsp;</p> <p><strong>"Instead of focusing on the purchasing programme, we should focus on how you find growth," </strong>Weidmann told an audience in Madrid, when asked about the possibility of the ECB purchasing bonds issued by euro zone states.</p> <p>&nbsp;</p> <p>He warned that it would be difficult to pursue such steps to lift low price inflation, a key yardstick of economic health.</p> <p>&nbsp;</p> <p>"Of course there are other measures which are more difficult, because they are untested, because they are less clear ... and of course they hit the legal limits of what you can do," said Weidmann.</p> <p>&nbsp;</p> <p><strong>"This is why discussions are so intense," he added, having earlier highlighted "high legal hurdles" to any financing of states.</strong></p> </blockquote> <p><em>Then Coeure...</em></p> <ul> <li><strong>*COEURE SAYS ECB WANTS TO HAVE ASSET-BUYING DISCUSSION NEXT WEEK</strong></li> <li><strong>*COEURE SAYS ECB MUST DISCUSS ALL OPTIONS ON BUYING NEW ASSETS</strong></li> <li><strong>*COEURE: LOW INFLATION AS BAD AS DEFLATION REGARDING DEBT IMPACT</strong></li> <li><strong>*COEURE SAYS ECB DOESN'T NEED TO SEE DEFLATION TO BE WORRIED</strong></li> <li><strong>*COEURE SAYS ECB WILL HAVE SERIOUS, PRINCIPLE-BASED DISCUSSION</strong></li> </ul> <p>And this...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141124_ECB.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141124_ECB_0.jpg" width="600" height="628" /></a></p> <p>&nbsp;</p> <p>Charts: bloomberg</p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="959" height="1004" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20141124_ECB.jpg?1416848626" /> </div> </div> </div> http://www.zerohedge.com/news/2014-11-24/gold-eur-drop-after-ecbs-coeure-counters-weidmanns-warnings#comments European Central Bank Mon, 24 Nov 2014 17:04:49 +0000 Tyler Durden 498213 at http://www.zerohedge.com British and American Security Services Pass Around Our Nude Photos ... While Protecting Pedophiles http://www.zerohedge.com/news/2014-11-24/british-and-american-security-services-pass-around-our-nude-photos-while-protecting- <p>The British spy agency GCHQ and the NSA collected millions of webcam images ... <a data-mce-="" href="http://www.washingtonsblog.com/2014/02/uk-us-spied-millions-webcam-images-smear-blackmail-targets.html">many of them nude</a>.&nbsp;&nbsp;</p> <p>NSA employees <a data-mce-="" href="http://www.washingtonsblog.com/2014/07/snowden-nsa-employees-routinely-pass-around-nude-photos-mass-surveillance.html">routinely pass around nude photos and videos</a> of everyday normal citizens gathered through mass surveillance.</p> <p>They say: &quot;<em>Trust </em>us, we won&#39;t misuse any nude images.&quot;&nbsp; They say: &quot;We&#39;re the <em>good</em> guys ... just trying to stop <em>bad</em> guys.&quot;</p> <p>But the British security services allegedly <a data-mce-="" href="http://www.theguardian.com/society/2014/nov/22/media-gagged-westminster-child-abuse-ring">helped to cover up widespread pedophelia</a> in Britain.&nbsp; Indeed, a whistleblower alleges that the British security services&nbsp;<em>supported</em> and <em>funded</em> pedophile rings as a way to <a data-mce-="" href="http://www.washingtonsblog.com/2014/07/governments-gather-evidence-child-pornography-blackmail-officials.html">blackmail establishment figures</a>.</p> <p>Something similar may have happened in the U.S.&nbsp; Yahoo News <a data-mce-="" href="http://news.yahoo.com/blogs/upshot/pentagon-declined-investigate-hundreds-purchases-child-pornography.html" target="_blank" title="reported">reported</a> in 2010:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>A 2006 Immigration and Customs Enforcement investigation into the purchase of child pornography online turned up more than 250 civilian and military employees of the Defense Department &mdash; including some with the highest available security clearance &mdash; who&nbsp; used credit cards or PayPal to purchase images of children in sexual situations. But the Pentagon investigated only a handful of the cases, Defense Department records show.</p> <p>&nbsp;</p> <p>***</p> <p>&nbsp;</p> <p>But the DCIS opened investigations into <strong>only 20 percent</strong> of the individuals identified, and succeeded in prosecuting just a handful.</p> </blockquote> <p>What about the <strong><em>other 80 percent</em></strong>?&nbsp; Were they blackmailed?</p> <p>Yahoo continues:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>Without greater public disclosure of how these cases wound down, it&rsquo;s impossible to know how or whether any of the names listed in the &hellip; papers came in for additional scrutiny.</p> <p>&nbsp;</p> <p>***</p> <p>&nbsp;</p> <p>According to the records, DCIS prioritized the investigations by focusing on people who had security clearances &mdash; since those who have a taste for child pornography can be <strong>vulnerable to blackmail</strong> and espionage.</p> <p>&nbsp;</p> <p>***</p> <p>&nbsp;</p> <p>At least some of the people on the &hellip; list with security clearances were never pursued and could possibly remain on the job &hellip;.</p> </blockquote> <p>The NSA also tracks people&rsquo;s porn-viewing habits <a data-mce-="" href="http://www.washingtonsblog.com/2013/11/nsa-tracks-porn-discredit-activists.html" title="in order to discredit activists">in order to discredit activists</a>.&nbsp; The NSA also keeps <a data-mce-="" href="http://www.washingtonsblog.com/2014/02/uk-us-spied-millions-webcam-images-smear-blackmail-targets.html" title="nude">nude</a> and <a data-mce-="" href="http://www.washingtonsblog.com/2014/07/nsas-retention-intimate-details-photos-innocent-americans-shows-facsist-intent.html" title="suggestive">suggestive</a> photos of people in order to blackmail them.</p> <p>Bill Binney &ndash; the high-level NSA executive who <em>created</em> the agency&rsquo;s mass surveillance program for digital information, a 32-year NSA veteran widely regarded as a &ldquo;legend&rdquo; within the agency, the senior technical director within the agency and managed thousands of NSA employees, <a data-mce-="" href="http://www.washingtonsblog.com/2014/02/white-house-panelist-nsa-former-counterterror-czar-says-nsa-potential-police-state.html" title="an expert on spying by the Soviets">an expert on spying by the Soviets</a> &ndash; told Washington&rsquo;s Blog:</p> <blockquote><div class="quote_start"><div></div></div><div class="quote_end"><div></div></div><p>This is just one of the ways to make controlling people possible.&nbsp; Standard KGB/Stasi tactics.</p> </blockquote> <p>Should we really <a data-mce-="" href="http://www.washingtonsblog.com/wp-admin/www.washingtonsblog.com/2014/07/governments-gather-evidence-child-pornography-blackmail-officials.html">trust these people</a>? Are they the good guys?</p> http://www.zerohedge.com/news/2014-11-24/british-and-american-security-services-pass-around-our-nude-photos-while-protecting-#comments SPY Mon, 24 Nov 2014 16:54:01 +0000 George Washington 498212 at http://www.zerohedge.com Artist's Impression Of The Obama Branches Of Government http://www.zerohedge.com/news/2014-11-24/artists-impression-obama-branches-government <p>Presented with no comment...</p> <p>&nbsp;</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141124_obama1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141124_obama1.jpg" width="600" height="425" /></a></p> <p>&nbsp;</p> <p><a href="http://media.cagle.com/81/2014/11/17/156370_600.jpg"><em>Source: Cagle Post</em></a></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="600" height="425" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20141124_obama1.jpg?1416847710" /> </div> </div> </div> http://www.zerohedge.com/news/2014-11-24/artists-impression-obama-branches-government#comments Mon, 24 Nov 2014 16:52:14 +0000 Tyler Durden 498211 at http://www.zerohedge.com Here Are The Most Popular "Hedge Fund" Stocks in The Third Quarter http://www.zerohedge.com/news/2014-11-24/here-are-most-popular-hedge-fund-stocks-third-quarter <p>As observed <a href="http://www.zerohedge.com/news/2014-11-21/average-hedge-fund-down-1-november-19-and-redemption-requests-are-now-flooding">last week</a>, 2014 will be the sixth (and record) consecutive year in a row in which the hedge fund community will generate lower returns than the S&amp;P. Worse, as of November 19, the average hedge fund was down year to date, which explains why as <a href="http://www.reuters.com/article/2014/11/20/us-hedgefunds-globeop-idUSKCN0J42EV20141120">Reuters reported </a>last week, there has been a deluge of redemption requests into the 2 and 20 space, assuring that this bonus season may be great for M&amp;A bankers, but it certainly will be a disappointment to the lofty remuneration expectations of the vast bulk of hedge fund workers. </p> <p>Furthermore, as we also showed, in the new normal, in which the market's Chief Risk Officer(s) are all economist graduates of either Princeton or MIT, and congregate at the BIS HQ in Basel every few months to plot the future of the world's centrally-planned economy, the best strategy has been to do the <em><strong>opposite </strong></em>of what hedge funds have done: <a href="http://www.zerohedge.com/news/2013-09-16/presenting-best-trading-strategy-over-past-year-and-why-buying-most-hated-names-cont">something we first observed </a>over two years ago, as the most shorted companies have outperformed the vast majority if not all traditional strategies year after year. </p> <p>And yet, just like the lunacy of believing that central banks are "fixing things", when the current global economic situation is getting worse by the day <em>precisely due </em>to central bank policies, there are those pattern-chasing momos, who still find delight in copycatting whatever it is that the if not smartest, then best paid men, in the room do. For their benefit, here via Goldman, is the most recent, Q3, summary of the most popular stocks within the hedge fund community. </p> <p>Here we find that, unsurprisingly, AAPL has regained its top spot as the global hedge fund hotel's most beloved stock. In fact, 4 of the 5 most widely held names are all tech names, with GOOG, MSFT and FB rounding out the top 4, and only Citigroup as the outlier in the top 5. Perhaps more notable is that the former hedge fund darlings AIG and GM, have been abandoned by the HF crowd, and were in 9th and 16th place, respectively. </p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/11/top%2050%20most%20popular%20HF%20Q3%202014.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/11/top%2050%20most%20popular%20HF%20Q3%202014_0.jpg" width="600" height="565" /></a></p> <p>And here is how the popularity of various stocks changed during Q3 2014: below is a list of the largest positive and negative popularity changes. </p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/11/top%2050%20most%20popular%20HF%20Q3%202014%20change.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/11/top%2050%20most%20popular%20HF%20Q3%202014%20change_0.jpg" width="600" height="696" /></a></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="1598" height="1505" alt="" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/top%2050%20most%20popular%20HF%20Q3%202014.jpg?1416846447" /> </div> </div> </div> http://www.zerohedge.com/news/2014-11-24/here-are-most-popular-hedge-fund-stocks-third-quarter#comments AIG Central Banks Citigroup GOOG New Normal Reuters Mon, 24 Nov 2014 16:27:36 +0000 Tyler Durden 498210 at http://www.zerohedge.com "We Fired Some Folks..." President Obama Discusses Chuck Hagel's Resignation - Live Feed http://www.zerohedge.com/news/2014-11-24/we-fired-some-folks-president-obama-discusses-chuck-hagels-resignation-live-feed <p><a href="http://www.zerohedge.com/news/2014-11-24/isis-first-administration-casualty-chuck-hagel-resigns-under-pressure-obama">The earlier 'under pressure' resignation of Secretary of Defense Chuck Hagel</a> means President Obama has to make a personnel announcement... explaining exactly what characteristics he is looking for as he prepares to invade the middle east? One wonders if he will assume the duty of SecDef?</p> <p>&nbsp;</p> <p>Live Feed: President Obama is due to speak at 1110ET...</p> <p><iframe src="//www.youtube.com/embed/EUGw7IXuDnI" width="560" height="315" frameborder="0"></iframe></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="755" height="580" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20141124_obama.jpg?1416845198" /> </div> </div> </div> http://www.zerohedge.com/news/2014-11-24/we-fired-some-folks-president-obama-discusses-chuck-hagels-resignation-live-feed#comments Middle East President Obama Mon, 24 Nov 2014 16:07:37 +0000 Tyler Durden 498209 at http://www.zerohedge.com ON STRaTeGY... http://www.zerohedge.com/news/2014-11-24/strategy <p style="text-align: center;"><iframe src="https://www.flickr.com/photos/expd/15866856831/player/" width="1024" height="666" frameborder="0"></iframe></p> <p>.</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">You see, this is what a Junior Varsity strategy apparently looks like…</p> <p>&nbsp;</p> <p><img src="http://img.thesun.co.uk/aidemitlum/archive/02011/map2_2011442a.jpg" width="620" height="413" style="display: block; margin-left: auto; margin-right: auto;" /></p> <p>.</p> <p style="text-align: center;">And BTW, John McCain's good Libyan pals, the Libyan Islamic Fighting Group &nbsp;are now openly flying the ISIS banner in Libya...</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;"><img src="http://1.bp.blogspot.com/-maQhr-35q0o/UFCG4iz8qgI/AAAAAAAADmw/HQZarqG0Iao/s640/McCainBenghaziCourtHouse.jpg" alt="j" width="640" height="446" />.</p> <p style="text-align: center;">.</p> <p style="text-align: center;">Read this: <a href="http://www.globalresearch.ca/libyas-nato-supported-pro-democracy-rebels-have-joined-the-islamic-state-isis/5414949">McCain's Pals in Libya</a></p> <p style="text-align: center;">Of course, as we all know, they are not just:&nbsp;<a href="http://www.globalresearch.ca/senator-john-mccain-foreign-relations-adviser-to-al-qaeda-death-squads-in-syria/5348383">McCain's Pals</a>...</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;"> </p><p><iframe src="https://www.flickr.com/photos/expd/9450864822/in/photolist-p1ovB5-fp99Rd-fef8kk-daPXgJ-bRCdvv-kBsk3Z-fKsA8q-oDh5AG-npnKSN-nAqo2b-a7aeF2-nzcwp9-foXPB6-arUekW-azFCjt-dxMyjc-efqJbW-d4Q6kY-deKxNY-jxxoVU/player/" width="991" height="1024" frameborder="0"></iframe><br /> . </p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">.<iframe src="https://www.flickr.com/photos/expd/9448243355/player/" width="1024" height="728" frameborder="0"></iframe><br /> . </p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">.<iframe src="https://www.flickr.com/photos/expd/14270014899/in/photolist-o15rRw-oDh5AG-nZXGzi-nzcwp9-nJZygD-oDqyHN-nECJXH-fKrEVJ-fKh3kb-deb1xD-devEpX-gkAJum-dT4JMY/player/" width="640" height="1024" frameborder="0"></iframe><br /> .</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;"><span style="font-size: 1em; line-height: 1.3em;">What we have is not a Junior Varsity strategy, it's an All American Clusterfuck!</span></p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;"><span style="font-size: 1em; line-height: 1.3em;"><br /></span></p> <p style="text-align: center;"> </p><p>.<br /> <iframe src="https://www.flickr.com/photos/expd/9668536673/player/" width="1024" height="841" frameborder="0"></iframe>.</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">.</p> <p style="text-align: center;"> .<br /> <iframe src="https://www.flickr.com/photos/expd/9678249640/player/" width="956" height="1024" frameborder="0"></iframe>.</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">.</p> <p style="text-align: center;"> </p><p><iframe src="https://www.flickr.com/photos/expd/9700667194/player/" width="1024" height="656" frameborder="0"></iframe>.</p> <p style="text-align: center;">&nbsp;</p> <p style="text-align: center;">And of course, it's all Chuck Hagel's fault. He just doesn't get the strategy...</p> http://www.zerohedge.com/news/2014-11-24/strategy#comments Mon, 24 Nov 2014 15:50:43 +0000 williambanzai7 498208 at http://www.zerohedge.com Dallas Fed Unchanged in November, Despite 11 Of 15 Components Declining http://www.zerohedge.com/news/2014-11-24/dallas-fed-unchanged-november-despite-11-15-components-declining <p>Of the 15 sub-indices under the Dallas Fed Manufacturing survey, only 4 improved in November with <strong>New orders tumbling, and wages, number of employees, and average workweek all sliding notably</strong>. So, with that in mind, thanks to a surge in <strong>'hope'-based</strong> business activity outlook 6 months forward (from 13.3 to 18.3), the Dallas Fed printed 10.5 (against expectations of 9.0) and unchanged from October's 10.5. The number of <strong>employees shrank to its lowest in 6 months</strong>.</p> <p>&nbsp;</p> <p>Dallas Fed headline UNCH...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141124_DFed1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141124_DFed1_0.jpg" width="600" height="313" /></a></p> <p>&nbsp;</p> <p>But under the surface it's a total mess...</p> <p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141124_DFed2.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/11/20141124_DFed2_0.jpg" width="600" height="890" /></a></p> <p>&nbsp;</p> <p><em><span style="text-decoration: underline;"><strong>So - Hours Worked is going to surge in the next 6 months... but employment is going to tumble... and prices received are going to soar as growth rates explode even as New orders are expected to drop.!?</strong></span></em></p> <p><em>Charts: Bloomberg</em></p> <div class="field field-type-filefield field-field-image-teaser"> <div class="field-items"> <div class="field-item odd"> <img class="imagefield imagefield-field_image_teaser" width="969" height="506" alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/20141124_DFed1.jpg?1416843970" /> </div> </div> </div> http://www.zerohedge.com/news/2014-11-24/dallas-fed-unchanged-november-despite-11-15-components-declining#comments Dallas Fed Total Mess Mon, 24 Nov 2014 15:45:18 +0000 Tyler Durden 498207 at http://www.zerohedge.com The Clear Definitive Sign That We Are In a Stock Market Bubble http://www.zerohedge.com/news/2014-11-24/clear-definitive-sign-we-are-stock-market-bubble <p>The markets are moving higher this morning as we had not one but two Central Bank interventions on Friday: 1) a surprise interest rate cut from China&rsquo;s Central Bank and 2) ECB President Mario Draghi implying that he <em>might</em> buy sovereign bonds.</p> <p>&nbsp;</p> <p>The simplest rendering of the markets today is that the Central Banks are in a race to devalue their currencies. The current winners in this scheme are Japan, which recently increased its QE program and the ECB, which has cut interest rates to <em>negative</em> (meaning you get charged to keep your money in Euros in a European bank).</p> <p>&nbsp;</p> <p>In contrast, the US Federal Reserve has recently ended its QE programs. And the US Dollar is yielding 0.25%. All of this is US Dollar positive&hellip; which is, generally speaking, negative for commodities.</p> <p>&nbsp;</p> <p><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2014/11/PL%2011-24-14.png" style="width: 460px; height: 284px;" /></p> <p>&nbsp;</p> <p>Stocks are in their own world as they have been since early 2013. The longer-term trendline for this bull market is around 1400. But we&rsquo;ve been going near vertical for two years now.</p> <p>&nbsp;</p> <p><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2014/11/PL%2011-24-14-2.png" style="width: 460px; height: 284px;" /></p> <p>&nbsp;</p> <p>We all know this is a stock market bubble. <strong>You cannot have the market drop 7% and then rally an even larger 10% in less than month based solely on a <em>single non-voting Fed President&rsquo;s comments</em> and NOT be in a bubble.</strong></p> <p>&nbsp;</p> <p><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user20289/imageroot/2014/11/sc_2.png" style="width: 460px; height: 284px;" /></p> <p>&nbsp;</p> <p>We all know HOW this will end (the bubble will burst), but the question is WHEN it will end. In that regard, no one knows the answer. But when even a stock market cheerleader like Warren Buffett is sitting on <u>record amounts of cash</u> you know that there are few opportunities to find value.</p> <p>&nbsp;</p> <p>Take note and prepare.</p> <p>&nbsp;</p> <p>If you&rsquo;ve yet to take action to prepare for the second round of the financial crisis, we offer a FREE investment report <strong><em>Financial Crisis &quot;Round Two&quot; Survival Guide </em></strong>that outlines easy, simple to follow strategies you can use to not only protect your portfolio from a market downturn, but actually produce profits.</p> <p>&nbsp;</p> <p>You can pick up a FREE copy at:</p> <p><a href="http://www.phoenixcapitalmarketing.com/roundtwo.html">http://www.phoenixcapitalmarketing.com/roundtwo.html</a></p> <p>&nbsp;</p> <p>Best Regards</p> <p>Phoenix Capital Research</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>&nbsp;</p> http://www.zerohedge.com/news/2014-11-24/clear-definitive-sign-we-are-stock-market-bubble#comments Central Banks China Federal Reserve Japan Warren Buffett Mon, 24 Nov 2014 15:34:30 +0000 Phoenix Capital Research 498206 at http://www.zerohedge.com