Archive for 2016

Swedes Revolt Over Refugees Near Schools: Demand “F##king Answers” From Stockholm City Council

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Having documented the growing tensions in Sweden between an immigration-happy government and a nation beset by refugee-crime sprees, it appears ‘the people’ have had enough. Stockholm residents are upset over the city council’s plans to re-locate hundreds of Muslim migrants right next to a school and during a recent meeting, brawls broke out as Swedes exclaimed, “we demand f##king answers, now!” These are not ultra-right-wing nationalists exhorting their racist feelings, these are average Swedes and the revolution is building…

“You just can’t sit there, when we come here looking for answers, and SAY you can’t ANSWER that. That is not OK. There has to be some f**king order in a democracy! But you are NOT answering OUR questions, will want f**king answers! We will stop shouting when you answer out questions!”

As Shoebat notes, unfortunately, these ‘compassionate’ leftists, who have no respect for their own society or even themselves, are not only pushing the European people into a civil war, but possibly a world war.

This town council meeting is just one of the small ‘on the ground’ fires which shows that people are ANGRY they are being ignored and shoved aside along with their families and culture in the name of this ‘new Europe.’ This will end ultimately in nothing short of disaster.





Bitcoin Snaps: Surges To Fresh 2016 Highs On Sudden Burst Of Buying

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Just three days ago, on April 21, when looking at the technical picture behind the recent bitcoin price action (having covered the extremely favorable fundamentals last September when it was trading at half its current price), we asked if “Bitcoin is about to soar.” We were focusing on the bullish pennant formation which suggested a breakout to the upside was imminent.

Moments ago, we got the answer when “soar” is precisely what bitcoin did when following a burst of high volume buying, the digital currency spiked higher by over 4%, to a price of $470…

… hitting fresh 2016 highs.

After the Chinese started buying gold and silver last week following the launch of the Shanghai gold fix (as reported here), is the “wholesale bid” finally moving into the best way of avoiding capital controls available to several million Chinese?





“They Should Be Met By Force” – US General Warns Russia Future Fly-Bys “Won’t End Well For You”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

By Richard Sisk, first posted on Military.com

Russia should be warned that its dangerous flybys of U.S. ships and planes could be met by force, President Barack Obama’s nominee as the next NATO and U.S. European Command commander said Thursday.

“Sir, I believe that should be known — yes,” Army Gen. Curtis M. “Mike” Scaparrotti said when asked by Sen. John McCain whether Russia should be told that the U.S. would take action if American lives were endangered.

Pursuing the same line of questioning, Sen. Joe Donnelly, an Indiana Democrat, asked Scaparrotti whether the Russians should be told that “next time it doesn’t end well for you.”

The general responded that “we should engage them and make clear what’s acceptable. Once we make that known, we have to enforce it.

“I think they’re pushing the envelope in terms of our resolve,” Scaparrotti added. “It’s absolutely reckless, it’s unjustified and it’s dangerous.” As NATO commander, he said one of his first actions would be to review the rules of engagement for U.S. and allied forces in the region.

On Monday, two Russian Su-24 fighters made numerous, close-range and low-altitude passes while the U.S. guided missile destroyer USS Donald Cook was conducting landing drills with helicopters in the Baltic Sea.

On Tuesday, a Russian helicopter circled around the Cook seven times at a low altitude. About 40 minutes later, two Su-24s made 11 close-range and low-altitude passes.

Secretary of State John Kerry later said that the sailors of the Cook would have been justified in shooting down the Russian fighters.
“It’s unprofessional, and under the rules of engagement that could have been a shoot down, so people need to understand that this is serious business, and the United States is not going to be intimidated on the high seas,” Kerry said in an interview on CNN Espanol.
Scaparrotti, now commander of U.S. Forces Korea, was testifying before the Senate Armed Services Committee at what could be called a historic confirmation hearing.

Seated next to him at the witness table was Air Force Gen. Lori Robinson, currently commander of Pacific Air Forces, who has been nominated as the next commander of U.S. Northern Command and the North American Aerospace Defense Command (NORAD). If confirmed, Robinson would become the first woman to command a combatant…
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What The Charts Say: No Bull – The Evidence

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Via NorthmanTrader.com,

Sorry folks, it’s not a bull market. Not yet. The evidence I’ll outline indicates it may be too early to celebrate. I know the headlines are dominated by calls for new highs to come, a bull market in full swing ready to break out of a multi year consolidation. I’ve recently outlined the technical target should a sustained breakout indeed occur, but I’ve also outlined the structural bearish issues I see underlying the market.

Today I’m looking at the technical evidence that, so far, suggests that there is zero evidence to suggest that we are in a bull market. In fact it appears there is risk building that this is a completely broken market in its final inning. Yes we’ve had a massive rally off of the February lows, but the technical evidence is mounting that this may still be a bear market rally.

Why? Because key charts remain decisively bearish and any sizable pullback could literally kill any notion of a bull market.

Consider the actual evidence:

Since QE3 ended in October 2014 main markets in aggregate are in essence flat. Only the $NDX has shown any sizable gains, and advances have been driven by a few select mega cap stocks:

Performance

On this basis I have to ask: What bull market?

Note tech, the recent leader, may be on the verge of turning. While the latest sport is to ignore bad earnings key tech stocks are showing serious topping signs.

Let’s look at the $NDX in itself: This chart shows a potential heads and shoulders pattern of size with a broken wedge trend line to boot:

NDXW

Note the declining RSI and the weakening MACD. New highs are made of this?

Perhaps the underlying individual stock patterns are bullish? Not really.

$MSFT: That recent high showed a massive negative divergence with what appears to be a rounding top and a false breakout:

MSFT

$GOOGL: A similar picture.

GOOGL

$NFLX: Potential heads & shoulders, with a bear flag, broken trend line and horrid MACD:

NFLX

How about the flagship $AAPL? It could go either way I suppose based on the pattern below, but the trend line is also broken and the MACD is below the center line and recently we have seen lower highs. Will declining PC sales and a slowing smartphone market be the driver to new highs? Perhaps…
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Latest Shock From Europe’s Refugee Crisis: Austria Right-Wing Party Sweeps First Round Of Presidential Election

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The fallout of popular anger emanating from Europe’s refugee crisis, which may have moderated in recent weeks following Europe’s desperate attempts to bribe Turkey to keep as many refugees in its borders as possible (unleashing the era of unprecedented Turkish leverage over European sovereigns, including Germany and the Netherlands) continued today with a dramatic result from the first round of Austria’s presidential election, where initial results showed that the candidate of the Freedom Party, Austria’s right-wing, anti-immigrant party has swept his competition, gathering over 35% of the vote and leaving the other five candidates far behind.

Austrian far right Freedom Party (FPOe) presidential candidate Norbert
Hofer during the final election rally in Vienna, Austria, April 22, 2016

Among the losers were the hopefuls nominated by the government coalition, reflecting significant voter dissatisfaction with the country’s political status quo.

The early triumph by Norbert Hofer of the Freedom Party is his party’s best-ever showing since its creation after World War II. Its previous best result was more than 27% in elections that decided Austria’s membership in the European Union.

According to AP, with just over 50% of polling stations reporting into the central electoral office, Hofer was far ahead of Alexander Van der Bellen and Irmgard Griss, both running as independents and within one percentage point of each other at close to 20%.

But the worst news today was for Rudolf Hundstorfer of the center-left Social Democrats and Andreas Khol of the centrist People’s Party, which form the present government coalition and have ruled either alone or together for much of the post-World-War II era. Both were polling at 11% in yet another confirmation of the anti-establishment revulsion sweeping not across just Europe, but virtually the entire world. Only political outsider Richard Lugner did more poorly, at under 3%.

Members of the right-wing Austrian Freedom Party (FPOe) celebrate
at the his party headquarters during Austrian presidential elections
in Vienna, Austria, 24 April 2016. (EPA Photo)

However, it may be too soon to declare a victory for the right-win party. The preliminary results show Van der Bellen and Griss in a close race to challenge Hofer in the May 22 runoff with both just under 12 percent support. That second round race will likely be…
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Turkey Blackmails Europe on Visa-Free Travel

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Soeren Kern via The Gatestone Institute,

  • The European Union now finds itself in a classic catch-22 situation. Large numbers of Muslim migrants will flow to Europe regardless of whether or not the EU approves the visa waiver for Turkey.

  • “If visa requirements are lifted completely, each of these persons could buy a cheap plane ticket to any German airport, utter the word ‘asylum,’ and trigger a years-long judicial process with a good chance of ending in a residency permit.” — German analyst Andrew Hammel.

  • In their haste to stanch the rush of migrants, European officials effectively allowed Turkey to conflate the two very separate issues of a) uncontrolled migration into Europe and b) an end to visa restrictions for Turkish nationals.

  • “Why should a peaceful, stable, prosperous country like Germany import from some remote corner of some faraway land a violent ethnic conflict which has nothing whatsoever to do with Germany and which 98% Germans do not understand or care about?” — German analyst Andrew Hammel.

  • “Democracy, freedom and the rule of law…. For us, these words have absolutely no value any longer.” — Turkish President Recep Tayyip Erdogan.

Turkey has threatened to renege on a landmark deal to curb illegal migration to the European Union if the bloc fails to grant visa-free travel to Europe for Turkey’s 78 million citizens by the end of June.

If Ankara follows through on its threat, it would reopen the floodgates and allow potentially millions of migrants from Africa, Asia and the Middle East to flow from Turkey into the European Union.

Under the terms of the EU-Turkey deal, which entered into effect on March 20, Turkey agreed to take back migrants and refugees who illegally cross the Aegean Sea from Turkey to Greece. In exchange, the European Union agreed to resettle up to 72,000 Syrian refugees living in Turkey, and pledged up to 6 billion euros ($6.8 billion) in aid to Turkey during the next four years.

European officials also promised to restart Turkey’s stalled EU membership talks by the end of July 2016, and to fast-track visa-free access for Turkish nationals to the Schengen (open-bordered) passport-free zone by June 30.
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Mid-Day Update

Reminder: Harlan 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





GREAT INFOGRAPHIC: Banking Industry And Tech

By Jacob Wolinsky. Originally published at ValueWalk.

Who, what, where, when of the fintech industry today – this excellent infographics pulls together plenty of useful data, from top specialists, unicorns and start-ups to geographies and M&As.

click to make HUGE

H/T Banking Tech

fintech-2801-rev2

Created by Savvy Beaver and Call Levels. Screenshot_438

The post GREAT INFOGRAPHIC: Banking Industry And Tech appeared first on ValueWalk.

Sign up for ValueWalk’s free newsletter here.





The Chicago Pension Scandal: $100,000+ Teacher Pensions Costing Taxpayers $1 Billion

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As we’ve known for quite some time now, Illinois is completely insolvent, and in large part due to enormous pension liabilities which as of December were underfunded to the tune of $111 billion. Not only is the state insolvent, its millionaires can’t get out fast enough to avoid the massive tax hikes that will be coming in what is sure to be a failed effort to plug budget holes, as well as the soaring criminality in cities such as Chicago which recently just passed the historic milestone of 1,000 gunshot victims in the fastest time in decades.

Citing unfunded pension plans, Moody’s downgraded Illinois to Baa1, and gave it a negative outlook back in October. The issue with the pension funds (aside for the massive shortfall in funding) is that per the Illinois Supreme Court, benefits cannot be altered. In a ruling last year, the state’s Supreme Court overturned a 2013 law that tried to ease the burden of what was then a $105 billion funding gap.

Crisis is not an excuse to abandon the rule of law. It is a summons to defend it.” the supreme court said in its ruling.

In other words, regardless of the fact that the pension funds are insolvent, the state cannot cut benefits to any of its participants. This is in stark contrast to the multi employer private pension funds, which as we pointed out, are able to cut benefits in order to keep the funds solvent.

At this point, it’s clear that without the ability to cut pension benefits, most plans will end up insolvent, at which point nobody will be receiving benefits. Until that point comes, however, there are a few who are living quite well off of the system.

As Forbes’ Adam Andrzejewski reports, there are currently 7,499 teacher retirees that earn at least six figure pensions, and he estimates that in just six years, the number will be three times what it is today because, as we noted previously, the Illinois Supreme Court recently confirmed that pension benefits are constitutionally guaranteed and “the public employee gravy train is running faster than ever.”

Now, there would be nothing wrong with these retirees collecting the “annuity” benefits after paying to the…
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Understanding the Saudi, Chinese “Economic Nuclear War” Threat; Saudi 911 Round-Up

Courtesy of Mish.

Willful Blindness

In the wake of investigations and revelations that show without a doubt the Saudi nationals including government officials were involved in the 911 attack on the United States, threats and counter-threats are the words of the day.

Before diving into the ramifications of alleged “economic war” threats, it’s important to understand the Saudi involvement in 911.

60 minutes

The 60 Minutes episode 28 Pages details 28 missing or heavily redacted top secret pages that show Saudi involvement in 911.

Former Sen. Bob Graham and others urge the Obama administration to declassify redacted pages of a report that holds 9/11 secrets.

At the time, Graham was chairman of the Senate Select Committee on Intelligence and co-chair of the bipartisan joint congressional inquiry into intelligence failures surrounding the attacks. The Joint Inquiry reviewed a half a million documents, interviewed hundreds of witnesses and produced an 838 page report — minus the final chapter which was blanked out — excised by the Bush administration for reasons of national security.

Bob Graham: I think it is implausible to believe that 19 people, most of whom didn’t speak English, most of whom had never been in the United States before, many of whom didn’t have a high school education– could’ve carried out such a complicated task without some support from within the United States. … I remain deeply disturbed by the amount of material that has been censored from this report.

Steve Kroft: You believe that support came from Saudi Arabia?

Bob Graham: Substantially.

Steve Kroft: And when we say, “The Saudis,” you mean the government, the–

Bob Graham: I mean–

Steve Kroft: –rich people in the country? Charities–

Bob Graham: All of the above.

Graham and others believe the Saudi role has been soft-pedaled to protect a delicate relationship with a complicated kingdom where the rulers, royalty, riches and religion are all deeply intertwined in its institutions.

Saudi Official Met Hijackers in LA

A CBS Local headline reads Lawmakers Say Redacted Pages of 9/11 Report Show Saudi Official Met Hijackers in LA.

Senator May Back Bill Exposing Saudis to 9/11 Lawsuits


Continue reading here…





 
 
 

Zero Hedge

Trapped (When Will We Know 'They' Lost Control?)

Courtesy of ZeroHedge View original post here.

Authored by Sven Henrich via NorthmanTrader.com,

What? You thought a 850+ point drop in the $DJIA would result in a down week? No Sir. The unholy alliance has struck again. Massive jawboning by multiple administration officials about how well the China trade deal was going, a favorable jobs report and above all, the US Federal Reserve, all contributed to a furious rally to make markets green for the week on (whe...



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Phil's Favorites

The Portfolio Gap

 

The Portfolio Gap

Courtesy of 

Dalbar is known for publishing a study on returns from equity funds compared to the returns that investors capture in those same funds. Every year reveals the same message: The average investor, with remarkable consistency, underperforms their own investments, ostensibly by buying and selling at inopportune times.

The methodology behind the study has been under assault for at least the last 15 years. Here is ...



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Digital Currencies

Visualizing The New Cryptocurrency Economy

Courtesy of ZeroeHedge

Over a decade ago, the birth of Bitcoin sparked a revolution in the digital world - and just last year, the number of active cryptocurrencies jumped from roughly 1,600 to over 3,000 worldwide.

As Visual Capitalist's Ashley Viens details below, cryptocurrencies have now evolved past simple digital currencies, offering solutions to meet the complex needs of modern financial markets.

Today’s graphic from Abra visualizes the complex, ever-evolving cryptocurrency ecosys...



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Kimble Charting Solutions

Gold Miners Indicator Attempting Multi-Year Breakout, Says Joe Friday

Courtesy of Chris Kimble

Are Gold Mining stocks about to be sent a bullish signal they haven’t received in years? Possible says Joe Friday.

This chart looks at the Senior Miner/Junior miner (GDXJ/GDX) ratio over the past few years. Historically when the ratio is heading up, miners tend to do very well.

The ratio has created a series of lower highs just below the falling line (1), since the summer of 2016. The ratio is currently testing the strong falling resistance line and the June 2019 highs at (2).

Joe Friday Just The Facts Ma’am; If the ratio succeeds in a double breakout at (2), it sends miners a long-awaited bullish message.

...

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Insider Scoop

Scott Galloway Calls For Twitter's Board To Replace 'Part-Time CEO' Jack Dorsey Amid Africa Move Plans

Courtesy of Benzinga

A shareholder in Twitter Inc. (NASDAQ: TWTR) and New York University business professor wrote an open letter Friday to the company's board calling for the replacement of CEO Jack Dorsey.

What To Know

Scott Galloway, who owns more than 330,000 shares of Twitter stock a...



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Lee's Free Thinking

Chart Shows the Fed Ramping Up Not QE - Funding Almost All Treasury Issuance

 

Chart Shows the Fed Ramping Up Not QE – Funding Almost All Treasury Issuance

Courtesy of Lee Adler, Wall Street Examiner 

The Fed is ramping up “Not QE” .

The Fed bought $2.2 billion in notes today in its POMO, “not QE,” operations. Actually $2.15 billion because they sold back a whole $50 million. Must have been a little glitch in the force.

This brings the Fed’s total outright purchases of Treasuries to $170 billion since it started Not QE, on September 17.

It also did $107 billion in gross new repo loans to Primary Dealers to buy Tre...



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Chart School

Silver stock taking the sector higher

Courtesy of Read the Ticker

As the US economy begins to show late cycle characteristics like: GDP slowing, higher inflation, higher wage costs, CEO confidence slump. 

Previous Post: Gold Stocks Review

The big players in the market are looking for the next swing off good value lows. This means more money is finding it way into the gold and silver sector, and it is said gold and silver stocks actually lead the metal prices.

The cycle below shows prices are ready to move in the months ahead (older chart re posted).


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Members' Corner

Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

 

Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

By Matt Wilstein

Excerpt:

Sacha Baron Cohen accepted the International Leadership Award at the Anti-Defamation League’s Never is Now summit on anti-Semitism and hate Thursday. And the comedian and actor used his keynote speech to single out the one Jewish-American who he believes is doing the most to facilitate “hate and violence” in America: Facebook founder and CEO Mark Zuckerberg.

He began with a joke at the Trump administration’s expense. “Thank you, ADL, for this recognition and your work in fighting racism, hate and bigotry,” Baron Cohen said, according to his prepared...



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The Technical Traders

VIX Warns Of Imminent Market Correction

Courtesy of Technical Traders

The VIX is warning that a market peak may be setting up in the global markets and that investors should be cautious of the extremely low price in the VIX. These extremely low prices in the VIX are typically followed by some type of increased volatility in the markets.

The US Federal Reserve continues to push an easy money policy and has recently begun acquiring more dept allowing a deeper move towards a Quantitative Easing stance. This move, along with investor confidence in the US markets, has prompted early warning signs that the market has reached near extreme levels/peaks. 

Vix Value Drops Before Monthly Expiration

When the VIX falls to levels below 12~13, this typically v...



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Biotech

Why telling people with diabetes to use Walmart insulin can be dangerous advice

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

 

Why telling people with diabetes to use Walmart insulin can be dangerous advice

A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com

Courtesy of Jeffrey Bennett, Vanderbilt University

About 7.4 million people ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

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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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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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