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CDC Confirms First Ebola Case Diagnosed In The US

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As experts (as opposed to President Obama) had warned, the probability of Ebola coming to the US is around 20% by year-end. So it shoould not be a total surprise that:

  • *CDC CONFIRMS FIRST EBOLA CASE DIAGNOSED IN THE UNITED STATES
  • *EBOLA PATIENT IS IN DALLAS HOSPITAL, NEWS 8 REPORTS

CDC will hold a press conference at 530ET. This perhaps explains why CDC was "taking precautions in the US" as we noted previously. And don't forget the administration's interference in Ebola treatments.

As Bloomberg reports,

The first Ebola case has been diagnosed in the U.S., the Centers for Disease Control said today in a statement.

 

 

A hospital in Dallas had been testing a person based on their travel history and symptoms, said in a statement earlier today. Another patient was being evaluated at a National Institutes of Health facility. It’s not clear if either patient is the one referred to in the CDC’s initial report.

CDC hosting a media briefing at 5:30pm; participants to include:

  • CDC Director Thomas Frieden,
  • Texas Department of State Health Services Commissioner David Lakey,
  • Texas Health Presbyterian Hospital Dallas Hospital Epidemiologist Edward Goodman,
  • Dallas County Health and Human Services Director Zachary Thompson.

That news explains this from last week..

  • *CDC SAYS NEED TO SCALE UP EBOLA TREATMENT CENTERS ASAP
  • *CDC SAYS TAKING PRECAUTIONS IN U.S. AGAINST EBOLA

It appears the term "contained" means a different thing once again…. as we warned here:

There’s a roughly 25 percent chance Ebola will be detected in the United Kingdom– and as much as an 18 percent chance it will turn up in the U.S. – by the end of September, the analysis of global mobility and epidemic patterns shows. The new paper includes the top 16 countries where Ebola is most likely to spread.

 

Though concerning, a spread to Western nations is not the biggest threat. At most, there would be a cluster of a few cases imported to the U.S., probably through air travel.

 

 

“We are at a crucial point,” Vespiginani said. “If the number of cases increases and we are not able to start taming the epidemic, then it will be


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Martin Armstrong Blasts “Ruthless, Undemocratic, Pretend Leader” Rajoy For Denying Catalonia’s Right To Vote

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Martin Armstrong via Armstrong Economics blog,

Spain’s constitutional court has decided to suspend Catalonia’s referendum on independence following a request from the Spanish Prime Minister Mariano Rajoy.

This ruthless undemocratic pretend leader jumps whatever height the EU Commission tells him to do betraying his own country to the rising dictatorship of Brussels.

As reported, a court spokeswoman stated that the 12 judges reached the decision to suspend Catalonia’s November independence referendum after an hour-long emergency meeting.

They too are a total disgrace to the very idea of democracy and the West should just stop the pretense that they are any different from Russia.

Power devolves to dictatorship whenever there are no checks and balances.

This is a simple truth of history without exceptions.





Rick Santelli Slams Central Bank Intervention For “Taking The Voters Out Of The Game”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

“Central Bankers have moved from being ‘nudgers’ on monetary policy to basically managing fiscal policy,” warns Rick Santelli, adding that “in the West, it’s now basically the same.” As Santelli points out so accurately, the central bankers have admitted as such, noting “they have to dabble in that direction because nothing can get done in ‘politics’” in the US or Europe “for the people – the voters.” What this has done, Santelli chides calmly is “take the voters out of the game.” Simply put, he blasts, if central banks hadn’t had such a large foray into politics, politicians would have had to sink or swim on the merit – or lack therein – of their policies… that weren’t creating the growth.” He concludes ominously that the ‘spread’ between central-bank-inspired “stability” and real-world fiscal-policy-inspired “growth” has never been wider.

 

 





Small Caps Suffer Worst Quarter In 3 Years; Bonds Leading Year-To-Date

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Despite the ubiquitous v-shaped recovery in stocks from the US open to EU close (decoupling entirely from bonds), stocks slumped into the end of the quarter leaving the S&P and Dow barely positive for Q3 and Russell 2000 down 7.9% – its worst quarter since Q2 2011 (and -5.2% year-to-date). Treasury yields flip-flopped around in a 4-5bps range with a late-day ramp (suggesting liquidations cough PIMCO cough) leaving 30Y -1bps on the week. The USDollar suged higher in the European session and traded lower in the US session. The bigger news on the day was the carnage in commodities that appeared to occur around the European close (desk chatter of commodity fund liquidations). Silver and WTI Crude were monkey-hammered, gold and copper dropped to down 1% on the week. VIX pumped and dumped again but closed above 16. Stocks closed very weak with Russell tumbling 1.5% on the day to not "off the lows."

 

Year-to-date, bonds are the big winners (long-end +14.2%) with the Dollar and S&P up around 6.7%, Gold unch, and Silver -12.7%.

 

On the quarter, Russell 2000 is the big loser but it was hardly a big one for the rest of the US equity market… (woirst Quarter for S&P since Q4 2012)

 

30Y bonds massively outperformed in Q3 (while 5Y drastially underperformed) with a 30bps flattening in 5s30s over the quarter…

 

And High Yield credit notably underperformed and decoupled from stocks…

 

Especially notable in financials…

 

The USD surged on the quarter… a oneway street

 

Commodities all slid, led by Silver…

*  *  *

On the day, Equities followed yesterday's playbook pivoiting around the European close but closed very weak today…

 

Stocks decoupled from bonds once again out of the gate… and then bonds and stocks weakened late on..

 

 

USDJPY seemed modestly in control…

 

Treasury yields chopped around today closing higher on the day…

 

FX markets once again saw USD buying in Europe and EUR buying in US…

 

Commodities on the day were monkey-hammered from the US open to EU close…

 

Charts: Bloomberg





Goodbye POMO: Normalcy Returns On October 28

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Here it is.. the Fed’s buying guide for October. The Federal Reserve Bank of New York has released its $10 billion open market purchase plans… and the buy-into-the-weekend trade may get dented as there are no POMOs on a Friday in October.  After October 28th, equity bulls are on their own with their ‘fundamentals’ as its game over for QE.

 

 

Source: NY Fed





“Smarter People Get That Respectable People Have To Run The System”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

So what is Eric “bagman for Wall Street” Cantor’s new role as MD and Vice Chairman of Moelis & Co.? “He’s going to be guiding people on how the world works,” explains his former communications director. However, as Bloomberg reports, it is his policy advisor’s clarification that Cantor “is not chasing money” that is most interesting.

In a few short words, he summed up just what the Washington elite really think about how the world works…

Smarter people get that’s not actually true. There have to be respectable men and women who run, quite frankly, the system.”

Cantor, 51, started this month as a managing director and vice chairman of New York-based investment bank Moelis & Co., where he’ll earn more than $3.4 million by the end of next year.

Republicans and Democrats have mocked Cantor’s ties to the banking industry. Robert Reich, a labor secretary for President Bill Clinton, wrote on his Facebook page that the new job shows Washington and Wall Street’s “entrenched culture of mutual behind-kissing.” David Stockman, a head of President Ronald Reagan’s Office of Management and Budget, said on his website that Cantor’s legislative support for big business made him a “bagman for Wall Street.”

But perhaps the most damning comment of all…

“We’ve all enjoyed having Eric in the Congress,” Goldman Sachs President Gary Cohn told Bloomberg Television the day after the primary defeat.

Source: Bloomberg





Russia Activates Air Defense Missile System “To Guard Its Southern Frontiers”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Just a month after announcing plans to deploy its newest S-500 air defense systems to protect Moscow and central regions, Xinhua reports that Russia has activated an air defense regiment armed with advanced S-400 surface-to-air missile systems in the Southern Military District to guard its southern frontiers. Furthermore, a spokesperson for Russia’s Aerospace Defense Forces, said that 12 missile regiments will receive the S-400 systems, as it seems NATO’s moves are prompting retaliatory advances by Russia.

 

 

As Xinhua reports, Russia activates S-400 missile systems in south to guard frontiers

Russia has activated an air defense regiment armed with advanced S-400 surface-to-air missile systems in the Southern Military District to guard its southern frontiers, the Russian military said Tuesday.

 

“An air defense missile regiment from the Fourth Command of the Air Force and Air Defense entered into service in the Krasnodar region. It is equipped with S-400 Triumph advanced missile systems and Pantsir-S air defense missile and gun complex,” the Southern Military District’s press service said in a statement.

 

Earlier this month, the S-400 systems arrived at their permanent base after completing tests at the Ashuluk firing range in southern Astrakhan region.

 

During the tests, they successfully destroyed high-speed targets simulating incoming ballistic missiles and other aerial targets.

 

In August, Russia also announced plans to deploy its newest S-500 air defense systems to protect Moscow and central regions.

 

Alexei Zolotukhin, a spokesperson for Russia’s Aerospace Defense Forces, said Monday that 12 missile regiments will receive the S-400 systems by 2020.

 

The S-400 system, which can engage targets at a maximum range of up to 400 km at an altitude of 40,000-50,000 meters, is expected to form the cornerstone of Russia’s air defense by 2020.

 

The S-500 systems will have an extended range of up to 600 km and is capable of engaging up to 10 targets simultaneously.

*  *  *





Why Is China Hoarding Gold? Alan Greenspan Explains

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Remember when instead of pontificating on and explaining the consequences of three decades of devastating, ruinous, irresponsible Fed policies, and eagerly sharing ideas on how to “fix” these unfixable problems, Alan Greenspan was the primary culprit behind everything that is now wrong and broken with the world’s financial system? Oh, and also was not an “Austrian” economist?

Good times.

Today we bring you the “other” Greenspan: the one who is blissfully unaware that, almost singlehandedly, he destroyed western capitalism, which is now living day to day, on borrowed time from one central bank printer to another. Ironically, the topic of his most recent Op-Ed for the Council of Foreign Relation’s Foreign Affairs magazine, is none other than the default Kryptonite to every central banker, himself included if only a decade or so ago: gold.

And specifically the reason why, as we have covered consistently over the past 3 years, while the rest of the world is selling (if only paper gold), China just can’t get enough of (physical) gold.

So for everyone curious what the world’s most infamous central banker, probably of all time, thinks about China’s gold hoarding ambitions, read on.

* * *

Why Beijing Is Buying

By Alan Greenspan, first posted in Foreign Affairs

If China were to convert a relatively modest part of its $4 trillion foreign exchange reserves into gold, the country’s currency could take on unexpected strength in today’s international financial system. It would be a gamble, of course, for China to use part of its reserves to buy enough gold bullion to displace the United States from its position as the world’s largest holder of monetary gold. (As of spring 2014, U.S. holdings amounted to $328 billion.) But the penalty for being wrong, in terms of lost interest and the cost of storage, would be modest. For the rest of the world, gold prices would certainly rise, but only during the period of accumulation. They would likely fall back once China reached its goal.

The broader issue — a return to the gold standard in any form — is nowhere on anybody’s horizon. It has few supporters in today’s virtually universal embrace of fiat currencies and floating exchange rates. Yet gold has special properties that no other currency, with the possible…
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Retail Investors Pile Into Stocks Amid “Malign, Unthinking Mental Slavery”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Tim Price via Sovereign Man blog,

“Politicians and diapers have one thing in common. They should both be changed regularly, and for the same reason.” – Anonymous.

The French statesman George Clemenceau once commented that war is too important to be left to generals.

At this stage in the game one might be tempted to add that monetary policy is far too important to be left to politicians and central bankers.

We get by with free markets in all other walks of economic and financial life – why let the price of money itself be dictated by a handful of bureaucrats?

It should be striking that government bonds, in nominal terms, have never been this expensive in history, even as there have never been so many of them. The laws of supply and demand would seem to have been repealed.

As evidence for the prosecution we cite the US Treasury bond market, the world’s largest.

The US national debt currently stands at $17.7 trillion. With a ‘T’.

Benchmark 10 year Treasuries currently offer a yield to maturity of 2.5%. US consumer price inflation currently stands at 1.7%. (We offer no opinion as to whether US CPI is a fair reflection of US inflation.)

On the basis that US “inflation” doesn’t change meaningfully over the next 10 years, US bond investors are going to earn an annualized return just a smidgen above zero percent.

Now it may well be that US Treasury yields have further to fall. As SocGen’s Albert Edwards puts it,

“Our ‘Ice Age’ thesis has long called for sub-1% bond yields and I see this extending to the US and UK in due course.”

We nurse no particular view in relation to how the government bond bubble (for it surely is) plays out.

It could be that yields grind relentlessly lower for some time yet. Or perhaps they burst spectacularly on the back of the overdue return of economic common sense.

But as Warren Buffett himself once said, “If you’ve been playing poker for half an hour and you still don’t know who the patsy is, you’re the patsy.”

The central bank bond market poker game has been in train for a good deal
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Why Europe’s Doomsayers Are Right, In One Chart

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

To say that Europe is doomed is an understatament, so much so that every European politician, banker, bureaucrat, and bean-counter has, over the past 5 years, taken at least one opportunity to deny and thus validate the statement.

But while there is cornucopia of reasons which foretell the collapse of the artificial monetary and pseudo-political union, whether it is the relentless deterioration in European output:

or the collapse in private lending, something the ECB is supposedly trying to fix with its latest TLTRO/Private QE…

 

or the mountain of private debt created since the Great financial crisis.

 

Eclipsed only by the amount of public debt created in the same period…

 

… one thing is clear: Europe is finished, though not for any of the above reasons but for a far more simple one, a reason very well-known to the Japanese – there simply won’t be any Europeans left.

In retrospect perhaps it is time for Wolfi Schauble to take a stab at draft 2 of his famous FT scribe: “Ignore the doomsayers: Europe is being fixed,” because, we are sad to report, the doomsayers are right: Europe is finished.

Source: Geneva Reports on the World Economy





 

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This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

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Europe: The ONE Economic Comparison That Must Not Be Named... Was Just Named

Europe: The ONE Economic Comparison That Must Not Be Named... Was Just Named

The Continent is now teetering on the edge of a "Japan-style" deflation. Here's our take on it.

By Elliott Wave International

It's happened. The one economic comparison Europe has dreaded more than any other; the name that's akin to Lord Voldemort for investors has been uttered: "deflation."

And it's not just "deflation." You can still spin that term in a positive light if you get creative enough. Say, for example,

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Zero Hedge

CDC Confirms First Ebola Case Diagnosed In The US

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As experts (as opposed to President Obama) had warned, the probability of Ebola coming to the US is around 20% by year-end. So it shoould not be a total surprise that:

  • *CDC CONFIRMS FIRST EBOLA CASE DIAGNOSED IN THE UNITED STATES
  • *EBOLA PATIENT IS IN DALLAS HOSPITAL, NEWS 8 REPORTS

CDC will hold a press conference at 530ET. This perhaps explains why CDC was "taking pre...



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"Deflationary" Ball Game?

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

Well October is almost here and it's time for the baseball post season to start today. Speaking of baseball, is a "New Deflationary Ball Game" starting in a variety of assets?

This 5-pack reflects that a variety of long-term support and resistance line breaks are taking place.


Click for a larger image

The U.S. Dollar (upper left) is pushing above a 9-year resistance line recently. At the same time the TR commodity index, Gold,...



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Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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VIX Call Spreads Trade

The CBOE Vix Index topped 17.0 and the highest level since early-August on Monday morning amid declines in U.S. equities to start the trading week. The volatility index is off its earlier highs to trade 5.0% higher on the session at 15.65 as of 11:30 am ET. Options volume on the VIX is hovering near 360,000 contracts, or just more than 50% of the average daily reading of around 660,000 contracts. Calls are far more active than put options, as evidenced by the call/put ratio up above 4.2 in morning trading, perhaps as some traders position for volatility to stick around.

Large call spreads traded on the VIX today caught our attention as one big optio...



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Sector Detector: Stocks fight off predictable weakness, but expect more downside

Courtesy of Sabrient Systems and Gradient Analytics

Yes, the market showed significant weakness last week for the first time in quite a while. In fact, the Dow Jones Industrial Average moved triple digits each day. But it was all quite predictable, as I suggested in last week's article, and certainly nothing to worry about. Now the market appears to be poised for a modest technical rebound, and longer term, U.S. equities should be in good shape for a year-end rally. However, I still believe more downside is in order before any new highs are challenged. Moreover, market breadth is important for a sustained bull run, so the challenge for investors will be to put together broader bullish conviction, including the small caps.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, re...



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Swing trading portfolio - week of September 29th, 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Ebola is spreading too quickly for Ebola-vaccine makers to conduct typical studies of safety and efficacy on experimental vaccines. Instead, vaccines will be tested for basic safety, but then deployed with protocols devised now in order to test for efficacy essentially on the field. Testing has to be expedited because the situation in West Africa gets worse every day while there are no approved vaccines or other treatments.

The chart below is from a paper in the New England Journal of Medicine showing estimates of the virus's trajectory projecting out to November 1, 2014. If current trends continue...



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Stock World Weekly

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Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

The latest issue of Stock World Weekly is now available. Please sign in with your PSW user name and password. Or simply take a free trial to try out our weekly newsletter. 

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Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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