admin

Over a decade ago, Henry Blodgett was barred from the securities industry for promoting dot com companies which he personally though were a “piece of crap.” And while nothing has changed since then, and sellsiders dutifully pump companies which deserve to be dumped, but refuse to do so over fears of ruining relationships with management […]

Earlier today we reported that based on various internal metrics, the market-neutral quant space is suffering one of the most violent deleveraging episodes since the infamous quant blow up in August 2007. But what is really going on below the surface to force these dramatic moves which may not seem like much to the untrained […]

As you might have noticed, the Fed made a policy mistake in December. We could delve deeply into the specifics, but quite frankly it all boils down to this: Yellen hiked right into a recession. There’s more to it than that obviously, including the fact that EM is circling the drain amid the global commodities […]

Submitted by Jim Quinn via The Burning Platform blog, I find it fascinating the mainstream corporate media and Wall Street shysters spend SO MUCH time talking down gold and spending an inordinate amount of electronic ink trying to convince the masses that only nutjobs would buy it. I believe less than 2% of people have […]

With the market enjoying its biggest three-day short-squeeze since 2011, one can be forgiven to forget, if only briefly, that nothing has been fixed. Furthermore, if the OPEC meetings of the past two days have demonstrated anything, it is to confirm that not only is OPEC finished as a cartel, but that OPEC has no […]

Wolf Richter, www.wolfstreet.com Most of the defaults, debt restructurings, and bankruptcies so far this year and last year were triggered when over-indebted cash-flow negative companies could not make interest payments on their debts. During the crazy days of the peak of the credit bubble two years ago, they would have been able to borrow even […]

There really is only one clip for this… [embedded content] This is the first 3 consecutive 1% gains for S&P since Oct 2011 – most notably S&P remains well below its 50dma… The Dow is up 1000 Points from Thursday’s lows… This is the biggest 3-day short-squeeze since Dec 2008… While yesterday was the biggest […]Read More

Submitted by Raul Ilargi Meijer via The Automatic Earth blog, A week after the New Hampshire Presidential Primaries, what lessons, if any, can we take from the dramatic victories of two outsider candidates? Former New Hampshire resident and occasional Automatic Earth contributor Nelson Lebo weighs in. Note: Nelson writes below that “Trumpification is a clear […]

First City Monument Bank (FCMB) is planning to expand in two African countries as the drop in oil prices continue to reduce opportunities and income for banks operating in Nigeria. While declining to identify the nations as the information is confidential, the FCMB’s Chief Financial Officer Patrick Iyamabo gave this information in an interview with […]

Nigerian stocks closed on a negative today, as the All Share Index (ASI) dipped by 1.87% to close at 24,056.12. This is a consecutive slump, after the ASI finished on a negative yesterday with a 1.26% drop. The decline in stocks may be attributed to the fact that investors are trying to sell their shares […]

If you’re looking for a free, high quality, mobile-friendly source for New York codes, FindLaw’s got you covered. Whether you’re researching New York family law, litigating wage deductions, or need to cite the code governing amateur wrestling taxes, you’ll find what you need at FindLaw. FindLaw’s updated New York Codes section has what you need, […]Read More

According to a recent ruling by the Sixth Circuit, it’s not a ‘search’ for the government to have a camera on a public utility pole pointed into your backyard — even when the camera records evidence nonstop for ten weeks. The Houston Family The Houston brothers and local law enforcement were at each others’ necks. […]Read More