Legendary Investor Asher Edelman Says “I Have No Doubt” ‘Plunge Protection Team’ Behind Market Rally

Legendary Investor Asher Edelman Says “I Have No Doubt” PPT Behind Market Rally:

“I don’t want to be in the market because I don’t know when the plug is going to get pulled”…the government’s “plunge protection team” is the only thing propping up the current market rally.

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David Stockman Sounds The Alarm – Fiscal Bloodbath, Market Crash To Occur “Between August And November”

David Stockman Sounds The Alarm – Fiscal Bloodbath, Market Crash To Occur “Between August And November”:

We’re going to hit an air pocket. The S&P 500 is going to drop by hundreds and hundreds of points sometime over the next few months as we drift into this unexpected crisis... It is going to be one giant fiscal bloodbath the likes of which we have never seen.”

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Activist investors: What are they, what tactics do they use and how do you stop them?

Activist investors: What are they, what tactics do they use and how do you stop them?:

In short, an activist investor is a person, or group of people, who buys up a chunk of a company’s shares in the hope of changing something at that business, such as its structure or its decisions.

H/t reader squodgy:

“Greed by any other name….is still greed.

A new trendy epithet to hide behind, but in reality it is High Risk, Quick return investment.

It just gets worse.”

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Hertz Plunges 14% After Reporting Abysmal Earnings

Hertz Plunges 14% After Reporting Abysmal Earnings:

Hertz stock plunged after hours after the car rental company missed first-quarter expectations, when it reported abysmal Q1 earnings. HTZ reported a Q1 net loss from continuing operations of $223 million, or $2.69 a share, including $30 million of impairment charges, a loss over four times greater compared to the $52 million it lost in Q1 of 2016.

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Former Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’

Former Reagan Administration Official Is Warning Of A Financial Collapse Some Time ‘Between August And November’:

If a former Reagan administration official is correct, we are likely to see the next major financial collapse by the end of 2017.  According to Wikipedia, David Stockman “is an author, former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.”  He has been frequently interviewed by mainstream news outlets such as CNBC, Bloomberg and PBS, and he is a highly respected voice in the financial community.  Like other analysts, Stockman believes that the U.S. economy is in dire shape, and he told Greg Hunter during a recent interview that he is convinced that the S&P 500 could soon crash “by 40% or even more”…

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Swiss National Bank Revealed As “Mystery” Buyer, Was Quietly Buying Everything In Sight….

“Mystery” Central Bank Buyer Revealed, Goes On Q1 Buying Spree:

While traders and investors were struck by the perplexing price action in the market in the first few months of the year, where on one hand institutions were dumping stocks at a near-record pace even as the S&P was making fresh all time highs, one central bank was quietly buying everything in sight….

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Tech Stocks Experience Their Longest Losing Streak In 5 Years As Panic Begins To Grip The Market

Tech Stocks Experience Their Longest Losing Streak In 5 Years As Panic Begins To Grip The Market:

S&P 500 tech stocks have now fallen for 9 days in a row.  The last time tech stocks declined for so many days in a row was in 2012, and that was the only other time in history when we have seen such a long losing streak.  As I have stated before, the post-election “Trump rally” is officially done, and the market is starting to roll over as investors begin to realize that all of the buying momentum has completely evaporated.  Tech stocks tend to be particularly volatile, and so the fact that they are starting to lead the way down should definitely be alarming to many in the investing community.

Of course it isn’t just tech stocks that are falling.  The Dow was down another 59 points on Wednesday, and the S&P 500 has closed beneath its 50 day moving average for the very first time since the election.  For those that have been waiting for a key technical signal before getting out of the market, there is one for you.

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Fed’s Kashkari Responds To Zero Hedge: “A Market Drop Is Unlikely To Trigger A Crisis”

Fed’s Kashkari Responds To Zero Hedge: “A Market Drop Is Unlikely To Trigger A Crisis”:

Don’t care about stock market fall itself. Care abt potential financial instability. Stock market drop unlikely to trigger crisis.”

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