Today Stocks Were Way Up Because the Stock Market Is Pure Fantasy

After the biggest drop since the Great Recession on Monday, U.S. stocks today posted their biggest gain in four years, because the stock market is driven mainly by bullshit.…Is The Stock Market Driven Mainly by Bullshit? Is The Stock Market Driven Mainly by Bullshit? Is The Stock Market Driven Mainly by Bullshit?Last week saw the stock market take its […]

China: police detain financial reporter for “spreading false …

Photo: ReutersA respected journalist in China who reported an important story about that nation’s stock market fluctuations was held by police, who say he was “spreading false information.””Chinese authorities’ hypersensitivity to fluctuations in the financial markets is no reason to intimidate and jail a journalist for covering the news,” the Committee to Protect Journalists said today. “We call on Chinese […]

"ALL IN": Catch A Falling Buzz Saw

The stock market “enjoyed” its biggest rally in 4 years on the great news that the economy is worse than expected. The recovery has been postponed until never, allowing gamblers access to 0% dopium forever. Oil fell below $39/bbl, but that’s beside the point. Everyone covered their shorts on the news, so this shit show can roll over now…The S&P […]

Jim Grant: The Fed Turned the Stock Market Into a 'Hall of Mirrors …

Jim Grant: The Fed Turned the Stock Market Into a ‘Hall of Mirrors’
The editor of Grant’s Interest Rate Observer on the recent turmoil.
Matt Welch & Jim Epstein | August 26, 2015




“Confoundingly to me, people have come to be quite accepting of the value attached by fiat to these pieces of paper we call currency,” says Jim Grant, who’s the editor […]

One good thing has come from the stock market rout – Business Insider

More Charts

The stock market has been getting slammed. As of Tuesday’s close, the S&P 500 was down 12.5% from its all-time high of 2,134, which it set on May 20.But there’s some good news for investors with cash to allocate: valuations have gotten a lot more attractive.The price-to-earnings (PE) ratio — the price of the S&P 500 divided by the […]

China is investigating brokers for illegal stock trading – Business …

Employees of one of China’s biggest securities firms and one current and one former employee of its market regulator are under investigation on suspicion of illegal stock trading, state media reported Wednesday, amid the collapse of a stock price boom.Three other brokerages announced they are under investigation for possible violations of rules on confirming the identities of customers.China’s main stock market […]

China Devalues Yuan To Fresh 4-Year Lows, Arrests Top Securities …

Update: Chinese stocks are seeing no lift whatsoever from the rate cuts…CSI-300 is fading fast…And*SHANGHAI COMPOSITE INDEX SLIDES 3.3%
Confusion reigns at Bloomberg also… (look at URL – original title, and compared to title posted at 8pmET)…And now…h/t BeermunkAs we detailed earlier:The Asia morning begins mixed in stock markets, The PBOC explains […]

Cashing in Dot HIll,Cantel Medical, Buying Biotechs

I did not foresee the China mini-crisis. But I watched with fascination. Because I had little cash in my account, on August 12 I raised cash by selling my Cantel Medical (CMN) stock, all of it. Cantel is a great company making infection control devices. When I bought it in December of 2009 for $19.58 per share, after hearing about […]

Make no mistake — the stock market might still be … – Business Insider

USDA.govMonday was ugly.After stocks saw their worst week in four years, markets started Monday deep in the red, with the Dow plummeting 1,089 points before recovering some of its losses. All of the major US indexes fell over 3% by the end of the day.Tuesday feels like sunshine after a storm. Markets opened sharply higher, with the Dow up 390 […]

The most bullish chart in the world has a big stock market crash in …

Global markets continue to get rocked. Closing at 1,893 on Monday, the S&P 500 fell 3.9% in one day. And it’s now down 11.3% from its all-time high of 2,134, which it set on May 20.So, is it time for investor to panic, dump everything, and head for the hills?BMO Capital’s Brian Belski doesn’t think so.”We remain steadfast with our call […]