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"Perversely, a shock looks increasingly necessary to force policy measures allowing the market to sustain these levels to begin with."

"4 police officers shot: 2 in Democrat St. Louis, 2 in Chicago." 

To us, it appears to be more of a statement about San Francisco's real estate market than about Pinterest...
 

Not only have the billionaire class made money, they have tightened their monopolistic grip on the levers of money supply and distribution, turning a global rigged casino into a global company town...

"It is literally everything," one person wrote. "I can't stop crying...it means help for my son."

"The street got trapped being short vol."

Central banks are facing a serious predicament...

Buffett's move into gold has opened the door for fund managers to follow suit. Except, instead of playing in a hundred trillion dollar equity market, they are dealing with barely over $1 trillion in investable gold. Look out above.

After the tax hike, New Jersey's gas tax will be the fourth highest behind California, Pennsylvania and Illinois. The state currently has the 10th highest fuel tax in the U.S.

“If you wait for the 'blizzard' to hit, it will be too late to make much difference...”

"Institutional allocators are keeping some of their powder dry on the U.S. equity allocations at the moment." 

"Tesla posted a 76% decline..." 

The extremes are not visible to the vast majority of participants, and so they are exposed to high levels of risk they don't see or understand...

... even as they unleash another flood of stock buybacks.

"You can't run a business on Zoom." 

...like some combustible combo of musical chairs, Russian roulette, and five finger fillet.

"If the ratio approaches 200% -- as it did in 1999 and a part of 2000 -- you are playing with fire..."

Ignore Powell's happy talk. The Fed is desperate and merely playing for time...

The trade we first revealed in May of this year as the Next Next Big Short is starting to gain popularity among the hedge fund world.

"If Big Cable couldn't stop the bleeding with more people than ever stuck at home watching TV, then there is truly no hope..."