May 26

Chinese Stocks Are Now Up Over 100% Year-To-Date (ZeroHedge, May 25, 2015):

Another day, another dip to be bought aggressively in China. The only catalyst for moar – aside from “well it was up yesterday” – is the news that the Shanghai-HK Stock Exchange aggregate quota will be abolished, leaving room for more speculative excess to flood into 500%-gainers.  CSI-300 is now up almost 6% since Friday’s close and Shenzhen and CHINEXT are soaring back from underperformance yesterday. To round things out on a superlative note, the Shenzhen Composite – which contains all the ponzi-based self-collateralized idiot-makers, is now up over 100% year-to-date. Simply put, you can’t keep a bad market down…

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May 21

pan sutong 2_0

Crash Contagion: Second Chinese Billionaire Wiped Out In Seconds After Stock Instacrash (ZeroHedge, May 21, 2015):

Yesterday China’s richest man, Li Hejun, lost more than half his fortune when his solar company stock suddenly crashed over 50%. Overnight it happened again, and Hong Kong’s securities regulator, warned other investors to exercise “extreme caution,” as Hong Kong’s best-performing stocks this year are crashing in a serial, tulip-like manner. And another billionaire was promptly wiped out: Pan Sutong started the day engorged with wealth after his companies Goldin Financial and Goldin Properties had risen 300% this year. By the close he had lost 60% of his wealth!

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May 21


Chinese ‘Virus’ Spreads To Germany: Meet The Company That Went From Record High To Zero In 1 Week (ZeroHedge, May 21, 2015):

It appears the frauds, falsehoods, and f##king fallacies are all being exposed at the same time. While we have noted three companies that have collapsed in the last week – destroying their billionaire owners’ wealth in the process – it appears the Chinese capital destruction virus has spread to Germany. Joyou AG – a Chinese affiliate of German bathroom manufacturer Grohe – has collapsed from record highs a week ago to 0, pending bankruptcy, after admitting balance sheet manipulation.

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May 20

Aaaaannd it’s gone.

“Welcome to the new ‘fake it til you get busted’ normal.”


Hanergy1

China’s Richest Man Sees Half His Net Worth Wiped Out In Seconds After Bubble Stock Instacrash (ZeroHedge, May 20, 2015):

Li Hejun began the day as either China’s second-richest man according to Forbes, or richest, according to the Hurun Report (China’s version of the Forbes rich list) and Le Figaro, with a fortune worth more than $30 billion. By 11am, his net worth was amazingly cut by half, and he was almost $14 billion “poorer” as shares in Li’s flagship Hanergy Thin Film plunged by 47% in Hong Kong before trading was suspended – due to Li’s absence at the company’s annual meeting.

While four months of supercharged stock gains were eviscerated in minutes, it was not a surprise to everyone, as one analysts called Hanergy “a disaster waiting to happen,” noting that the company is working with “unproven” technology and has disclosed few details about the work that underpins its valuation.

It was all going so well, and then… Continue reading »

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May 16

The Coming Crash of All Crashes – but in Debt (Armstrong Economics, May 16, 2015):

money-stock-1980-2011

Why are governments rushing to eliminate cash? During previous recoveries following the recessionary declines from the peaks in the Economic Confidence Model, the central banks were able to build up their credibility and ammunition so to speak by raising interest rates during the recovery. This time, ever since we began moving toward Transactional Banking with the repeal of Glass Steagall in 1999, banks have looked at profits rather than their role within the economic landscape. They shifted to structuring products and no longer was there any relationship with the client. This reduced capital formation for it has been followed by rising unemployment among the youth and/or their inability to find jobs within their fields of study. The VELOCITY of money peaked with our ECM 1998.55 turning point from which we warned of the pending crash in Russia. Continue reading »

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May 15

Former NATO Commander, Presidential Candidate Makes Millions Pushing Penny Stocks (ZeroHedge, May 14, 2015):

Gen. Wesley Clark has been a busy man since retiring from public service with a plan to make $40 million. In addition to chairing notorious investment bank Rodman & Renshaw, the former NATO allied commander and one-time Presidential hopeful has thrown his face and fame behind a plethora of OTC-listed companies, Bloomberg reports. From grilled cheese sandwich trucks to hydroponic lettuce companies run by the real-life Bud Fox, Clark’s name has become so synonymous with doomed penny stocks that one fund manager calls his very appearance on a company board “a red flag.”

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May 14

 –  It’s Official: The BoJ Has Broken The Japanese Stock Market (ZeroHedge, May 13, 2015):

Monetizing the entirety of gross government bond issuance and amassing an equity portfolio worth just shy of $100 billion on the way to cornering the entire ETF market may come across as insanely irresponsible even in a world that is now defined by insanely irresponsible central banks, but Haruhiko Kuroda does not care because when it comes to QE and the financing of governments via central bank-assisted ponzi schemes, no one does it like the BoJ.

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May 12

–  Is This Company’s 74% Surge In The Past Week Confirmation That Grexit Is Imminent? (ZeroHedge, May 12, 2015)

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May 10

China Cuts Rates (Again) In Desperate Bid To Buoy Stocks, Rescue Economy (ZeroHedge, May 10, 2015):

On the heels of last week’s equity rout, China cuts interest rates for the third time since November. The move comes on the heels of last month’s RRR cut and follows trade data that missed expectations (again) and a PPI print that betrayed persistent deflation risks. Perhaps more importantly, Chinese stocks fell last week amid still more rumors that tighter margin requirements are on the way.

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May 07

“Mystery” Buyer Of Stocks In The First Quarter Has Been Identified (ZeroHedge, May 7, 2015):

Three days ago, when looking at the unprecedented, record outflows from US equities (coupled with continued inflow into bond funds into what BofA’s Hans Mikkelsen would likely dub the Great Antirotation) we asked a simple question: “who is buyingno really.

DB Bond equity fl;ows

InflowsVersusPrice

Then yesterday, the spoofing algos were briefly spooked when Yellen, for the second time in under one year, issued a warning about valuations, only this time instead of bashing the biotech and social media sector, the non-Series 7, 63 certified financial advisor brought attention to the entire market saying “equity market valuations generally are quite high.” Continue reading »

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May 06

There Will Be No 25-Year Depression (Acting Man, May 6, 2015):

Good and Bad News

Today, we have bad news and good news. The good news is that there will be no 25-year recession. Nor will there be a depression that will last the rest of our lifetimes.

The bad news: It will be much worse than that. On Monday, the Dow rose another 43 points. Gold seems to be working its way back to the $1,200 level, where it feels most comfortable. Continue reading »

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May 06

FYI.


Martin Armstrong The System Will Crack And One World Currency Is Coming

Related info:

Martin Armstrong: Big Losses Coming In The Bond Market – Fall 2015 Turning Point – European Banks Will Collapse – Civil Unrest And Riots Globally – Gold To ‘Max Out At $5000 Per Ounce’ (Video)

Martin Armstrong Warns ‘Abandon The UK Before You Can’t’

 

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May 05

China Stocks Tumble Most In 4 Months; Australia Cuts Rates To Record Low (ZeroHedge, May 5, 2015)

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May 03

draghi prayerMario-Draghi-Just-EvilHyper-Mario-Draghi

“Stop Being So Negative”: Putting It All Together (ZeroHedge, May 2, 2015):

Putting it all together

Considering:

1) governments are unable to eliminate deficits

2) global government debt is increasing exponentially

3) 0% interest rates are allowing governments to borrow more to pay off old loans and fund deficits

4) Global growth is declining despite money printing and bailouts And, we’ve saved the latest and greatest fact for last: as stunning as 0% interest rates sound, the mathematically-challenged-fantasyland called Europe has just one upped everyone by introducing NEGATIVE INTEREST RATES.

As of writing, over 25% of all bonds issued by European governments has a guaranteed negative return for investors. Continue reading »

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May 01

What could possibly go wrong?


Friday Humor: Chinese Stock Chart Of The Day (ZeroHedge, May 1, 2015):

We know it’s a little early for humor… but seriously, meet Beijing Baofeng Technology…

Beijing Baofeng Technology

Beijing Baofeng Technology, the online video company with the worried boardroom, is the leading example of IPO excess. After jumping by the maximum-allowed 44 per cent from the offer price when it floated in Shenzhen just over a month ago, the stock has risen by the daily maximum of 10 per cent every day since. Continue reading »

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Apr 30

SNB-Schweizerische-Nationalbank

The Swiss National Bank Is Long $100 Billion In Stocks, Reports Record Loss (ZeroHedge, April 30, 2015):

When the Swiss National Bank revealed its long awaited Q1 financials earlier today, everyone was eagerly looking at the number showing just how massive the quarterly P&L loss would be to the central bank following its shocking decision from January 15 to remove its EURCHF 1.20 floor, which sent the CHF soaring and by implication caused huge losses to the mostly EUR-denominated SNB assets.

The loss was indeed, massive, coming in at CHF 29.3 billion, or $32 billion.

This was the biggest quarterly loss for the Swiss central bank to date, dwarfing that of CHF18.5 billion incurred in the second quarter of 2013, when the price of gold plummeted, and certainly one of the biggest central bank losses in history, if of course, the others tracked their P&L the way the SNB does. Continue reading »

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Apr 30

FOMC Is Bluffing; Prepare for QE4 and No Rate Hike (Video) (SchiffGold, April 28, 2015):

The Federal Reserve has a two-day meeting this week. CNBC World asked Peter Schiff what he expects the results of the meeting will be. Peter argued that the Fed will continue to bluff about raising interest rates. He believes a fourth round of quantitative easing is more likely in the next year.
Follow along with this transcript:

Peter: The bigger problem for the US market is the softening US data that came out today. And now the weakening US dollar, which I think is about to get a lot weaker as people get their arms around the real predicament that the US economy is in. Continue reading »

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Apr 29

Goldman Asks “Should Stocks Fear Rate Hikes?” (Spoiler Alert: Yes) (ZeroHedge, April 28, 2015):

While day after day we are bombarded with musings from talking-heads proclaiming that no matter what happens in the future, buying stocks and buying moar stocks is the way to go, the data has a different story to tell. As Goldman Sachs notes, at a forward PE of 17.5x, the equity market looks more expensive today than it was during any of the last four cycles. Furthermore, as Goldman puts it, we find it more challenging to rationalize the current high PE multiples.

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Apr 28

Twitter Confirms Leak: Stocks Plummets On Disastrous Results, Outlook Cut (ZeroHedge, April 28, 2015):

Well, the leak (which ironically came out on Twitter only, and not Facebook) was right, and the full story is even worse than Selerity reported:TWITTER 1Q LOSS PER SHARE 25C; TWITTER INC 1Q ADJ. EPS 7C , EST. 4C.
That much we knew. Here is where it gets worse:

  • TWITTER 1Q REV. $ 435.9M, EST. $456.2M
  • TWITTER SEES 2Q REV. $470M TO $485M, EST. $538.1M
  • TWTR SEES YR REV $2.170B-$2.270B, SAW $2.3B-$2.35B, EST $2.37B

And now perhaps someone will ask how much of Facebook’s 1.4 billion “users” are actually real.

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Apr 27

7-yr-cycle

Is This a Blow-Off Top? Four Ways to Tell (Of Two Minds, April 27, 2015):

Those who lived through the last two speculative blow-off tops know the impossibility of predicting the final top.

How can we tell if stocks are in the final blow-off stage of a bubble? There are four basic give-aways: Continue reading »

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