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Beware The Social Tipping Point





We have often suggested that, if we wish to know what is coming politically, socially, and economically in jurisdictions such as the EU and US, we might have a look at countries like Argentina and Venezuela, as they are in a similar state of near-collapse (for the very same reasons as the EU and US) but are a bit further along in the historical pattern. Such a bellwether was seen in Argentina recently.

 
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Herbalife's Earnings, And Carl Icahn's Activist Strategy, Summarized In Two Charts





Carl Icahn's brilliant "activist" plan revealed in all its glory.

 
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GOGO Bye Bye?





Some uncomfortable news for the airplane web provider after hours:

*AT&T SAYS IN-FLIGHT CONNECTIVITY SERVICE AVAILABLE LATE 2015

GOGO stocks are down 18%... Go Go Gadget "barriers to entry"

 
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Selling Scramble Becomes Buying Panic But The S&P/Dow Fail To Hold April Gains





Owners of high-growth, high-beta stocks could not find a buyer for any of their crap today some mid-afternoon shenanigans between AUDJPY, VIX, and more utterly useless Russian headlines meant those same owners of high-growth, high-beta stocks were beating buyers away with a shitty stick. Pandora is a great example of the chaos (today's swings down 2%, up 4%, down 11%, then up 6%) as today's action in the so-called "market" was anything but human. The buying panic lifted the S&P, Dow, and Trannies briefly into the green for April but very late-day weakness left only the Trannies green for April.  We just hope the desperate BTFWWIII'ers didn't use up all their BTFTuesday ammo...

 
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Futures Surge On Yet Another "Diplomatic De-escalation" Bluff





The first rip was a "standard" VIX-based, AUDJPY-based ramp to VWAP to save the big boys and allow orders out but that rapidly escalated into a panic buying spree as headlines hit that yet another in a long-series of de-escalation optimisms...

RUSSIAN TROOPS RETURNED TO BASE FROM UKRAINE BORDER: IFX
RUSSIAN DEFENCE MINISTER SHOIGU TOLD U.S. DEFENCE SECRETARY HAGEL RUSSIA IS OPEN TO CONTACTS WITH ALL SIDES TO SEEK TO DEFUSE TENSION OVER UKRAINE

Think about it... we know what Russia wants, we know what they need to defise the situation and we know the US/West won't accept it... so "we" buy the fucking dip anyway..?

 
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Donetsk Riots Break Out In "Scenes Of Absolute Brutality"





It seems the US and EU sanctions escalation has done nothing to calm the tensions between Ukrainians and pro-Russian forces in Donetsk, where according to report ultranationalists from Kiev are involved in a skirmish with local riot police. As the following clip suggests... "rocks and missiles are being thrown from both sides - there are injuries and scenes of absolute brutality as both sides clash."

 
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Is A Crash Inevitable? The Spiral Vortex Of Debt And Corruption





What you have to realize is that this trend is inevitable... we are hopelessly lost in a declining spiral vortex of debt and corruption that will only change with war and civil unrest.

 
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Goldman Sachs Strongly Suggests Clients Sell Them Their Treasury Bonds





The last time Goldman Sachs urged clients to "sell", it was gold - and in the next quarter, they were the largest acquirer of the precious metal via ETFs. So when the muppet-murdering bank suggests this morning that, while "we have been caught in choppy action" there is a slow awakening of Treasury bears and recommends shifting from a neutral to short-duration position in bonds... one can't help but wonder just what the bank will do with all the bonds clients sell to them...

 
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A Critique Of Piketty's Solution To Widening Wealth Inequality





The real problem with Piketty's taxation/social welfare solution to wealth inequality is that it does nothing to change the source of systemic inequality, debt-based neofeudalism and neocolonialism.

 
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Russell 2000 Loses Critical Support As MoMo Massacre Accelerates





Momentum, or high-growth hope, stocks are making fresh lows of the February Tarullo Top as this morning's mysterious buying panic sparked by housing data has relapsed into aggressive selling pressure. The Russell 2000 has broken below its 200DMA once again - a critical support level - and Nasdaq and Trannies ar emaking new lows from Friday. Momentum, or high-growth hope, stocks are making fresh lows of the February Tarullo Top as this morning's mysterious buying panic sparked by housing data has relapsed into aggressive selling pressure. The Pharma frenzy is fading fast also. The Russell 2000 has broken below its 200DMA once again - a critical support level - and Nasdaq and Trannies are making new lows from Friday. All US equity indices are now in the red for April.

 
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NY Rep. Michael "I'll Break You In Half" Grimm Indicted On 20 Counts Of Fraud





NY Republican Congressman, and former FBI agent (ironically), Michael Grimm - who became infamous for threatening an NY1 reporter "I'll throw you off the fucking balcony... I'll break you in half" - has been indicted on campaign finance charges as well as mail, wire, and healthcare fraud. Oh and since he seemed such a trustworthy and honest chap after his apology for the prevous threats, he is also being charged with perjury after lying about all the other shit he did... Welcome to American politics... As AP reports, he has pleaded not guilty to the 20-count federal indictment.

 
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Meanwhile In China, Bayonets At The Ready





Last week, Chinese police, after 60 years of operating unarmed, got their first guns. But nowehere is it clearer just how nervous the Chinese authorities are getting about the restless natives than in the following series of photos posted moments ago on Sina, showing security forces in China's Urumqi province learning how to use... bayonets?

 
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"Costs" - Russia +2.35%; Nasdaq -0.3%





Spot the nation that just had "major sanctions" handed down to it...

 
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Ali-ByeBye - Weibo IPO Plunges To Bear Market





Just a few brief days ago, Weibo IPO'd "successfully" at the bottom-end of its range ($17) and exploded higher - "proving" that Candy Crush (or take your pick of recent IPO failures) were all one-offs and that 'quality' companies were still in demand. Fast forward 6 days and Weibo just entered a bear-market - down dramatically from its highs over $24 and is nearing its IPO price. There's no data, no news - just selling, in size. Investors stashing cash away for another pop in Alibaba's forthcoming IPO perhaps? Not if market conditions continue to look like this...

 
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As Its Domestic Cash Plunges By Record To Early 2010 Levels, Apple Prepares Massive $17 Billion Bond Offering





While Apple's earnings report last week left little to be desired, one of the more notable observations was that the company's cash hoard, relentlessly rising until now, had seen its first quarterly dip since Lehman, declining by $8 billion from $158.8 billion to $150.6 billion. Which was to be expected: since the technological company has not had much success with "growthy" innovation since the arrival of Tim Cook, it has been forced to become an activist investor's favorite piggybank, buying back and dividending record amounts of cash. In fact, perhaps the most notable feature of its earnings release was that AAPL would boost its buyback plan by 50% to $90 billion. One small problem: as everyone knows, when it comes to shareholder friendly actions, Apple can only rely on its domestic cash hoard. What this simply means is that after making the history books with the biggest ever, $17 billion bond offering 12 months ago, Apple is about to issue a whole lot more of debt.

 
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