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Chicago Mayor Rahm Emanuel’s Teenage Son Mugged Near Home

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While the shockingly large scale of death and violence in Chicago has now become so mainstream as not to warrant daily attention by the media, the news that Mayor Rahm Emanuel's son Zach was robbed of his cellphone and assaulted around 10:05pm Friday night near the family's affluent neighborhood home is likely to raise public awareness of just how bad things are getting in 'Chiraq'. As The Chicago tribue reports, two males approached Zach from behind; one of them "placed his arm around the victim's neck in a rear chokehold," and the second one struck the teen with a fist, knocking him to the ground. The robbers took the teen’s cellphone and patted him down, the police report said. The mayor has an around-the-clock police detail – fully 5% of the 19th district's police manpower, but its whereabouts at the time of the robbery weren't disclosed.
 

 

As The Chicago Trbune reports,

Mayor Rahm Emanuel’s 17-year-old son was robbed near the family's Ravenswood home Friday night, according to a mayoral spokeswoman and police reports.

 

Zach Emanuel was robbed of his cellphone and assaulted Friday night but was able to join his family on a long-planned trip Saturday, according to a statement released by Emanuel spokeswoman Kelley Quinn.

 

"The Mayor's focus is on his son's well-being, and as parents, he and Amy ask that the media respect their family's privacy at this time," Quinn said in the statement, referring to Emanuel's wife, Amy Rule.

 

Zach Emanuel was talking on his cellphone in the 4200 block of North Hermitage Avenue, across the street and a few houses down from the Emanuel home, when two males approached him from behind, according to the police report.

 

One of them "placed his arm around the victim's neck in a rear chokehold," and the second one struck the teen with a fist, knocking him to the ground. The robbers took the teen’s cellphone and patted him down, the police report said.

 

"The offenders then asked the victim, 'What else you got?' (and) forced the victim to enter his security code to unlock the phone," the police report said.

 

The robbers then ran away. The teen was treated for cuts and bruises on his face by


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Police Reportedly Rage, De Blasio’s “Hands Are Dripping With Blood”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Following last night’s back-turning show of defiance by NYPD cops, several Police ‘benevolent associations’ have reportedly come out swinging at the New York Mayor.

The Sergeants Benevolent Association, wrote on Twitter, “blood of 2 executed police officers is on the hands of @BilldeBlasio.”

As Capital New York reports, a spokesman for SBA did not respond to a request for comment about the memo.

Furthermore, a widely distributed note – reported by The New York Times as coming from The Patrolmen’s Benevolent Association – had even more rageful speak from the rightfully disgusted police…

“At least two units are to respond to EVERY call, no matter the condition or severity, no matter what type of job is pending, or what the option of the patrol supervisor happens to be.

 

IN ADDITION: Absolutely NO enforcement action in the form of arrests and or summonses is to be taken unless absolutely necessary and an individual MUST be placed under arrest. These are precautions that were taken in the 1970’s when Police Officers were ambushed and executed on a regular basis.

 

The mayor’s hands are literally dripping with our blood because of his words actions and policies and we have, for the first time in a number of years, become a ‘wartime’ police department. We will act accordingly.”

However, as Capital New York goes on to note, a spokesman for the Patrolmen’s Benevolent Association has denied that the group issued a now-widely circulated memo

Asked about the memo, NYPD deputy commissioner for public information Stephen Davis wrote in an email to Capital, “That is absolutely not a Department directive.”

 

Asked if the NYPD had reports of police officers receiving the memo from any police union, Davis replied, “Unknown if it actually sent by Union formally.”

 

P.B.A. spokesman Al O’Leary said in an email his union did not send the memo.

*  *  *

However, what is perhaps even more important is the heartbreaking message from the son of Rafael Ramos – one of the two murdered cops – on his Facebook page:

*  *  *

This cannot end well.





Two Months After Saying “Deflation Isn’t Going To Happen” ECB Warns “Negative Inflation” Is Coming

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Remember when on the last weekend of October, the ECB released the results from its latest farcical stress test, which contained the following pearl: “within the massive 178-page Stress Test document, there is a “whopping” 4 mentions of the word inflation (deflation appears just once). Here is what the “Stress Test” does say about inflation: “… while the adverse scenario does not strictly embody a prolonged deflationary environment, it does entail material downward pressures on inflation. Thus, the scenario leads to annual inflation rates for the euro area below the baseline rates by 0.1 percentage points in 2014, by 0.6 percentage points in 2015, and by 1.3 percentage points in 2016. The implied adverse inflation rates amount to 1.0% in 2014, 0.6% in 2015 and 0.3% in 2016.

But the real stunner came in the press conference in which the ECB Vice President Vitor Constancio had this to say:

My question would be on how credible these tests are. Looking at the adverse scenario, you haven’t even included deflation. You have not included an interruption in gas imports to Europe. You have not included full-on sanctions on Russia. So please elaborate and convince us.

 

Constâncio: The scenario for the stress test was published earlier in the year, so some of the things you mentioned would not have been considered. But indeed, what was considered is a severe shock being the growth of other countries. If you look to the scenario, you see that for the US, there is also a big deceleration of growth which is part of the scenario and also for other countries that are the markets of the euro area. So that is embedded in those assumptions of indeed a big drop in external demand directed to the euro area. That’s the first point. The scenario of deflation is not there because indeed we don’t consider that deflation is going to happen.

We promptly reacted to this ludicrous “assumption”:

So…. wait a minute. Just because the ECB, in all of its brilliance does not think a scenario is possible is precisely the necessary and sufficient reason to not include it in the stress test!… Uhmm, guys in Frankfurt: here’s a tip – the quote-unquote


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Saudi Arabia Refuses To Cut Oil Output Even If Non-OPEC Members Do

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As even Reuters observes this morning when discussing the ongoing crude rout, “the market slide has triggered conspiracy theories, ranging from the Saudis seeking to curb the U.S. oil boom, to Riyadh looking to undermine Iran and Russia for their support of Syria.” It appears said theories will continue raging for a long time, because as Saudi Arabia’s oil minister who has been extensively in the news in the past couple (that means “two” as per Janet Yellen) of month explained, the biggest OPEC oil producer said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world’s top petroleum exporter plans to ride out the market’s biggest slump in years, and that the price of crude is not going up any time soon.

Which goes back to what we said on Friday, namely that in a paradoxical response, with crude prices crashing, the US is set to produce even more oil, not less, and the output in 2015 will hit a 42-year (if not record) high as all the marginal producers scramble to outlive their closest competitors and obtain as much precious cash for their product as they possibly can.

And it’s not just the US, but the entire oil-exporting world that will have no choice but to proceed with the only known strategy when the price equilibrium experiences a sudden and dramatic collapse, making a mockery of everyone’s budget: dumping.

From Reuters:

Referring to countries outside of the Organization of the Petroleum Exporting Countries (OPEC), Saudi Oil Minister Ali al-Naimi told reporters: “If they want to cut production they are welcome: We are not going to cut, certainly Saudi Arabia is not going to cut.”

 

He added he was “100 percent not pleased” with prices but they would improve, although it was unclear when.

 

He blamed the fall in prices to half their levels of six months ago on speculators and what he called a lack of cooperation from non-OPEC producers.

It was unclear if here he is more focused on Russia, or the US shale industry.

His remarks at a conference


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This Factor Could Propel Gold Mining Stocks Much Higher In 2015

Courtesy of ZeroHedge. View original post here.

Submitted by Sprout Money.

Haulage Trucks Cortez Mine

Analysts seem to be falling over themselves to explain the causes and consequences of the low oil price which is still trading below $60 per barrel as of today. As we are predominantly focusing on the precious metals sector, we are obviously very interested to see what the effect of a lower oil price is on the price of gold and the financial performance of gold mining companies.

GoldOilRatio

Source

If we look at the charts, the gold/oil ratio has increased incredibly fast to a ratio of around 22, coming from just 13 in early October. The Relative Strength index shows the ratio to be in an ‘overbought’ territory which could very well mean that the ratio will come off a bit, either by a lower gold price (not very likely) or an increase in the oil price (which is already more likely).

This isn’t a unique situation though. Even though the oil price is indeed trading at its lowest level in approximately five, six years, we don’t have to look that far back in time to find a higher Gold/Oil ratio. Just two years ago, at the end of 2012 we also had a ratio in excess of 20, so the 2012-2014 period could be seen as an abnormality which can be seen on the next chart as the Gold/Oil ratio has been trading at its lowest point in six years time.

GoldOilRatio 2

Source

As gold-focused analysts, we are obviously also extremely interested to know the impact of this oil price on the production cost of gold. And that’s where we enter dark and unexplored territory as there’s virtually no information about this topic. That’s understandable as every mine has its own needs depending on a zillion of factors of which the most important factor obviously is whether or not the mine is located close to a ‘civilized’ area.

As the average energy consumption to produce a kilo of gold is between 150 and 300 Gigajoules , the mining sector obviously is a sector with an extremely high consumption of energy and the fate of a project could be decided by whether or not it could be hooked up to an existing power grid. This has obviously put companies operating in remote areas at a disadvantage compared to other…
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THe INTeRViEW…

Courtesy of ZeroHedge. View original post here.

Submitted by williambanzai7.

.

Who knows what evil lurks in the minds of Un…

 

.
.

 

What do you think would happen if someone dared to produce a movie about a plot to ass-asinate the Butt-tard in Chief?

 

 

.

 

Misdirection: Instead of torture victims, we are now supposed to feel sorry for a hacked politically incorrect Hollywood studio…

 

.

.

 

As much as I dislike the idea of anyone’s privacy being hacked, the complacency and/or complicity of the entertainment industry in promoting spy agencies, copyright fascism and people like Christopher Douche and Diane Fuckstein, lead me to say to Sony Entertainment et al: Go Fuck Your Elves!

 





The New Boremal

Courtesy of ZeroHedge. View original post here.

Submitted by Tim Knight from Slope of Hope.

From Slope of Hope: This market has had the “market” beaten out of it. If I had any sense – – or, more precisely, if I had the sense to not have any sense – – I’d just throw charts and reason out the window and dump my entire net worth into SPY calls so I could spend the next ten years cleaning out my nostrils. But I’m not dumb enough to be smart, so I can only sit back and watch, slack-jawed.

Take the chart below, for instance, from which I’ve removed the price bars; I merely show a trio of exponential moving averages (50, 100, 200) against the S&P 500 index.

1220-spx

The “market” didn’t die in late 2008, when the Fed began its massive intervention. Although trillions of dollars of money from thin air gave the market a bottom, which allowed it to commence a turnaround on March 6, 2009, we still had a market to play with. I’ve marked this section as “1″.

During this time, we had a couple of meaty downdrafts. The first was in the summer of 2010, when Europe (and, more specifically, the Euro) looked ready to fall to pieces. The Euro and U.S. equities were virtually one and the same (and in case you hadn’t noticed, these two have long since decoupled, since the utterly-trashed Euro, were it still joined at the hip to US markets, would have dragged the Dow many thousands of points lower than it is right now).

Suffice it to say that Europe went “all in” with the kind of insanity that the US Federal Reserve had conjured up, and that crisis was “solved.” (You’ll have to forgive my frequent use of quotations in this piece, but I find them…
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Drilling Our Way Into Oblivion: Shale Was About Land Gambling With Cheap Debt, Not Technological Miracles

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Raul Ilargi Meijer of The Automatic Earth blog,

Oh, that sweet black gold won’t leave us alone, will it? West Texas Intermediate went through some speedbumps Friday, but ended over +5%, though still only at $57. Think them buyers know something we don’t? I don’t either. I see people covering lousy bets. And PPT (and that’s not the one we used to spray our crops with).

The damage done must be epic by now, throughout the financial system, but we’re not hearing much about that yet, are we? We will in time, not to worry. Everyone’s invested in oil, and big time too, and they’ve all just become party to a loss of about half of what both oil itself and oil stocks were worth just this summer.

There’s those who can ride it out and wait for sunnier days, but many funds don’t have that luxury. Who wants to be manager of Norway’s huge oil-based sovereign fund these days? With all these long-term obligations entered into when oil was selling for $110, no questions asked? The Vikings must be selling assets east, west, left and right. But they’re not going to tell us, not if they can help it.

Just like all the other money managers who pray every morning and night on their weak knees for this nightmare to pass. Your pension fund, your government, they’re all losing. BIG. They’ll try and hide those losses as long as they can. But trust me on this one: all major funds have oil in a prominent place in their portfolios. And there’s a Bloomberg index that says the average share values of 76 North American oil companies, i.e. not just the price of oil, have lost 49% of their value since June. There will be Blood with a capital B.

The discussions over the past few weeks have all been about OPEC, whether they would cut output or not. And I’m not really getting that. There are 3 major producers today, you might even label them swing producers: Saudi Arabia, Russia, and the US. But all the talk is always about OPEC cutting. What about Russia? Well, they can’t really, can they, with all the sanctions and…
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THe INTeRViEW…

Courtesy of ZeroHedge. View original post here.

Submitted by williambanzai7.

.

Who knows what evil lurks in the minds of Un…

 

.
.

 

What do you think would happen if someone dared to produce a movie about a plot to ass-asinate the Butt-tard in Chief?

 

 

.

 

Misdirection: Instead of torture victims, we are now supposed to feel sorry for a hacked politically incorrect Hollywood studio…

 

.

.

 

As much as I dislike the idea of anyone’s privacy being hacked, the complacency and/or complicity of the entertainment industry in promoting spy agencies, copyright fascism and people like Christopher Douche and Diane Fuckstein, lead me to say to Sony Entertainment et al: Go Fuck Your Elves!

 





Watch As NYPD Officers Turn Their Backs On NYC Mayor Bill de Blasio

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Just over two weeks ago, as NYC was turmoiling in protests following the Eric Garner chokehold death and the subsequent acquittal of the police officer involved, none other than NYC’s mayor Bill de Blasio – a person whose job is to seek to impartially preserve the peace at all costs – tried to score populist points by disparaging none other than the NY Police Department.

This is how the NY Post summarized things, granted with a dose of hyperbole:

Determined not to let a crisis go to waste, the mayor has spent the last two days cranking up the volume and the vitriol of his anti-cop agenda. Predictably, he trots out his son, Dante, to put a personal spin on police-black relations, saying he is fearful the biracial teen will end up in a confrontation with a cop.

 

Imagine that. The city is in turmoil over the Staten Island case and the mayor throws gasoline on the fire by painting the entire police force as a bunch of white racist brutes. Has he no shame?

We need a mayor to stand up with and for us,” police union head Pat Lynch said yesterday. He said his members feel as if de Blasio is “throwing them under the bus.”

It got worse. Demonstrating just how frayed the relationship between the NYC mayor’s office is and the city’s law enforcement had gotten, the Patrolmen’s Benevolent Association issued a statement for the use of police officers requesting that Mayor de Blasio and City Council Speaker Melissa Mark-Viverito not attend their funerals. Here is the text of PBA’s request, courtesy of Truthrevolt:

I, as a New York City police officer, request that Mayor Bill de Blasio and City Council Speaker Melissa Mark-Viverito refrain from attending my funeral services in the event that I am killed in the line of duty.

 

Due to Mayor de Blasio and Speaker Mark-Viverito’s consistent refusal to show police officers the support and respect they deserve, I believe that their attendance at the funeral of a fallen New York City police officer is an insult to that officer’s memory and sacrifice.

Which leads us to today, and the latest nonsenical…
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Zero Hedge

Conrad Black: The Saudis Fear Western Alliance With Iran; Crashing Oil Is Their Retaliation

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by Conrad Black via The National Post,

Responses to the decline in world oil prices have been mystifying — flummoxing, in fact. The secretary general of OPEC (the Organization of Petroleum Exporting Countries), Abdullah Al-Badri, said last week that speculation was to blame for the decline by 15% since the last increase in production. He ceremoniously denied that there was any attempt by the cartel to discourage production from shale or oil sands, or to put politi...



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Phil's Favorites

Maybe Oil Goes to $70 on its Way to $40

Courtesy of Charles Hugh-Smith of OfTwoMinds

A retrace that fills open gaps and kisses the 50-day moving average surprises everyone who was confident oil was heading straight down to $40/barrel.

When the conventional media ordains oil inevitably dropping to $40/barrel, I start looking for something else to happen--like oil going to $70/barrel. There are number of reasons this isn't as farfetched as it might seem at the moment.
  1. The huge gap begging to be filled on the chart of the Energy Select Sector exchange-traded fund XLE and a bunch of other energy-sector stocks and etfs. Gaps like this usually get filled sooner rather than later.
 

2. A bounce back to the 50-day moving average on the WTI oil index around $73 would be unsurprising. As the old sayi...



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Pharmboy

2015 - Biotech Fever

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

PSW Members - well, what a year for biotechs!   The Biotech Index (IBB) is up a whopping 40%, beating the S&P hands down!  The healthcare sector has had a number of high flying IPOs, and beat the Tech Sector in total nubmer of IPOs in the past 12 months.  What could go wrong?

Phil has given his Secret Santa Inflation Hedges for 2015, and since I have been trying to keep my head above water between work, PSW, and baseball with my boys...it is time that something is put together for PSW on biotechs in 2015.

Cancer and fibrosis remain two of the hottest areas for VC backed biotechs to invest their monies.  A number of companies have gone IPO which have drugs/technologies that fight cancer, includin...



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Chart School

Can you make a living trading Springs and UpThrusts?

Courtesy of Read the Ticker.

We tell the truth about trading springs and upthrusts, no holding back!

More from RTT Tv

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net Investing Quote...

..“The market always tells you what to do. It tells you: Get in. Get out. Move your stop. Close out. Stay neutral. Wait for a better chance. All these things the market is continually impressing upon you, and you must get into the frame of mind where you are in reality taking your orders from the action of the market itself — from the tape.”…

Richard D. Wyckoff
.."Markets are constantly in a state of unce...



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All About Trends

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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Insider Scoop

#PreMarket Prep Guest List For The Week Of December 22, 2014

Courtesy of Benzinga.

Brian Kelly, Curtis Erickson and Jerremy Newsome will all be guests on this shortened week of Benzinga's #PreMarket Prep broadcast, sponsored by Nadex.

Be sure to tune in at 8:00 am EST Monday-Friday here to tune in to the exciting show.

Don’t miss our #FedForecast2015 event either!

You can learn more about that here.

Monday, December 22, 8:35 a.m.

Jonathan Corpina (...



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Digital Currencies

Chart o' the Day: Don't "Invest" in Stupid Sh*t

Joshua commented on the QZ article I posted a couple days ago and perfectly summarized the take-home message into an Investing Lesson. 

Chart o’ the Day: Don’t “Invest” in Stupid Sh*t

Courtesy of 

The chart above comes from Matt Phillips at Quartz and is a good reminder of why you shouldn’t invest in s...



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OpTrader

Swing trading portfolio - week of December 15th, 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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Sabrient

Sector Detector: Energy sector rains on bulls' parade, but skies may clear soon

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

Courtesy of Scott Martindale of Sabrient Systems and Gradient Analytics

Stocks have needed a reason to take a breather and pull back in this long-standing ultra-bullish climate, with strong economic data and seasonality providing impressive tailwinds -- and plummeting oil prices certainly have given it to them. But this minor pullback was fully expected and indeed desirable for market health. The future remains bright for the U.S. economy and corporate profits despite the collapse in oil, and now the overbought technical condition has been relieved. While most sectors are gathering fundamental support and our sector rotation model remains bullish, the Energy sector looks fundamentally weak and continues to ran...



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Stock World Weekly

Stock World Weekly

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

Here's this week's Stock World Weekly.

Click here and sign in with your user name and password. 

 

...

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Option Review

SPX Call Spread Eyes Fresh Record Highs By Year End

Stocks got off to a rocky start on the first trading day in December, with the S&P 500 Index slipping just below 2050 on Monday. Based on one large bullish SPX options trade executed on Wednesday, however, such price action is not likely to break the trend of strong gains observed in the benchmark index since mid-October. It looks like one options market participant purchased 25,000 of the 31Dec’14 2105/2115 call spreads at a net premium of $2.70 each. The trade cost $6.75mm to put on, and represents the maximum potential loss on the position should the 2105 calls expire worthless at the end of December. The call spread could reap profits of as much as $7.30 per spread, or $18.25mm, in the event that the SPX ends the year above 2115. The index would need to rally 2.0% over the current level...



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Market Shadows

Official Moves in the Market Shadows' Virtual Portfolio

By Ilene 

I officially bought 250 shares of EZCH at $18.76 and sold 300 shares of IGT at $17.09 in Market Shadows' Virtual Portfolio yesterday (Fri. 11-21).

Click here for Thursday's post where I was thinking about buying EZCH. After further reading, I decided to add it to the virtual portfolio and to sell IGT and several other stocks, which we'll be saying goodbye to next week.

Notes

1. th...



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Help One Of Our Own PSW Members

"Hello PSW Members –

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.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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