Stock Market

Black Monday… Part Two: Absolute Carnage!

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Carnage Continues After-Hours – Dow Down 1000 Pts, Nasdaq Collapses 5% – “Markets In Turmoil”: FANG Freefall Sparks Longest Losing Streak Of Trump Era

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What Does He Know, That You Don’t? Commerce Secretary Wilbur Ross (Who Made His Money Working For Rothschild) Dumps Stocks, Buys Treasuries After “Ethics Warning”

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Billionaire Wilbur Ross made his money working for Rothschild and has an apartment in the same building as Evelyn de Rothschild & Henry Kissinger.

Wilbur Ross

– What Does He Know? Ross Dumps Stocks, Buys Treasuries After “Ethics Warning”:

Commerce Secretary Wilbur Ross has been reprimanded by federal ethics officials for failing to sell individual stocks that he had agreed to divest within three months of his confirmation (he was confirmed in February 2017), creating “the potential for a serious criminal violation.” Claiming that he had forgotten about the remainder of his stake, Ross earned himself an additional 15% return when he finally cashed out of his remaining Invesco shares as equity prices continued to rise after his confirmation. As part of his ethics agreement, Ross pledged to divest his Invesco holdings and other equities within 90 days of his confirmation, and more complex assets within 180 days, according to Bloomberg.

Then again, perhaps investors should interpret Ross’s decision to finally sell as a warning, given that one of the men in charge of the US economy has sold the rest of his stocks and is buying Treasury bonds – hardly an encouraging indicator for the economy.

In fact, Ross hasn’t just sold stocks – in some cases, he’s gone short, saying that he’s shorted shares of holdings to which he doesn’t have access. Ross has reportedly taken short positions in five stocks.

Read moreWhat Does He Know, That You Don’t? Commerce Secretary Wilbur Ross (Who Made His Money Working For Rothschild) Dumps Stocks, Buys Treasuries After “Ethics Warning”

World News (May 9, 2018 Edition): Another Tesla Model S Bursts Into Flames After “Horrific” Crash, Killing Two Men Trapped Inside – Japan’s TEPCO Plans to Dump 777,000 Tons of Fukushima ‘Toxic Waste Water’ into Pacific Ocean – Ford Halts ‘All’ Production Of F-Series Truck, ‘Temporarily’ Lays Off Almost 8,000 Staff

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– Another Tesla Model S Bursts Into Flames After “Horrific” Crash, Killing Two Men Trapped Inside

–Japan’s TEPCO Plans to Dump 777,000 Tons of Fukushima ‘Toxic Waste Water’ into Pacific Ocean

– Ford Halts ‘All’ Production Of F-Series Truck, ‘Temporarily’ Lays Off Almost 8,000 Staff

– The World’s Biggest Hedge Fund Derisks Massively, Goes Short Stocks

– The Morning After: How The World Reacted To Trump’s Withdrawal From The Iran Nuclear Deal

– Top Secret Intel Source Aiding Mueller Probe Is Behind Latest Clash Between DOJ And Nunes

– Putin welcomes & accompanies WWII veteran after he was pushed away by president’s guard (VIDEO)

– Firepower: Russian Troops Get New Kalashnikov Assault Rifles

– Trump Blasts “Always Negative” ‘Fake News’, Threatens To Remove Credentials

– Watch: Iran Lawmakers Burn US Flag, Shout “Death To America”

– Mike Krieger: Trump Pulls Out of Iran Deal – U.S. Determined to Become a Rogue State:

“Let me cut to the chase. Every single world leader knows Trump’s full of shit. Even more importantly, the citizens of their nations also know it. Everyone with a functioning brain understands that pulling out of the Iran deal has nothing to do with terrorism, nuclear bombs or any other fairytale propagated by U.S. neocons. This is simply about the existence of a non-U.S. client state in a key strategic region sitting on massive oil reserves. It’s about empire — global games of power and money fueled by a desperate attempt to hold on to a unipolar world where the U.S. bosses everyone around.”

– Is ‘The Big One’ Coming? Los Angeles Area Rocked By 4.5 Magnitude Earthquake

– “After 14 Years, I’ve Had It. I’m Leaving Seattle”

– Mass Exodus: Venezuelan Army Troops Desert In Droves Ahead Of Presidential Election

– “They Will Lie To Your Face”: WikiLeaks “Defector” Hits Back With New Claims

https://twitter.com/StanM3/status/994196838369677313

– Short Of War, China Now Controls South China Sea

– Here’s How Much Marijuana Costs In The United States Vs Canada

– Chicago Mayor Emanuel Wants To Unleash Spying Police Drone Against Protestors

– $25,000 Robot Barista Can Make 120 Cups Of Coffee An Hour:

– Novartis Explains Why It Covertly Paid Trump Lawyer Michael Cohen $1.2 Million

– NYSE Owner Plans Bitcoin Trading Platform

– Bill Gates Warns Of An Apocalyptic Nightmare: 30 Million DEAD

– Protecting Israel Is a Full-Time Job for American Politicians and Judges

Read moreWorld News (May 9, 2018 Edition): Another Tesla Model S Bursts Into Flames After “Horrific” Crash, Killing Two Men Trapped Inside – Japan’s TEPCO Plans to Dump 777,000 Tons of Fukushima ‘Toxic Waste Water’ into Pacific Ocean – Ford Halts ‘All’ Production Of F-Series Truck, ‘Temporarily’ Lays Off Almost 8,000 Staff

Gold & Silver Eagle Sales Drop Sharply Due To Central Bank Intervention

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– Gold & Silver Eagle Sales Drop Sharply Due To Central Bank Intervention:

Thanks to the Fed and Central bank intervention, sales of Gold and Silver Eagle sales declined sharply over the past year. Yes, it’s true… precious metals investors have lost interest in gold and silver as the stocks, real estate, and crypto markets reached new highs in 2017. So, who wants to continue purchasing gold and silver when many cryptocurrencies were experiencing 10% increases in a day.

…

H/t reader squodgy:

“Another sign that the herd is being herded…….

Paper money and electronic money have a questionable and thus insecure lifespan.”

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Facebook Tumbles Over “Systemic Problems” In Data Breach, Drags Nasdaq Lower

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– Facebook Tumbles Over “Systemic Problems” In Data Breach, Drags Nasdaq Lower:

Facebook stock is tumbling as much as 3.5% this morning, dragging the Nasdaq lower as it faces “more systemic problems” according to Pivotal research, following reports over the weekend associated with a data leak that exposed about 50 million user accounts.

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Ron Paul Fears “Huge” Correction In Stocks, Warns “It’s Going To Be A Calamity”

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– Ron Paul Fears “Huge” Correction In Stocks, Warns “It’s Going To Be A Calamity”:

“I think we have a greater distortion and a financial danger sitting out there bigger than ever before,” warned former presidential candidate Ron Paul in an ominous interview with CNBC this week.

While markets briefly got nervous over Trump’s tariffs last week, Paul warns Wall Street is missing the bigger picture and that the real trouble stems from Fed policy and easy money…

“If the Fed continues on the things that they are sort of planning on doing, it’s going to be a calamity.“

The former Texas congressman explained that The Fed has made critical policy errors that have helped caused a “rigged economy.”

It’s the debt, stupid, is Paul’s clear message…

“Everything is just very burdened with debt, and there’s no stopping it.“

According to Paul’s latest prediction, the February pullback may be just a blip compared to what’s ahead.

Read moreRon Paul Fears “Huge” Correction In Stocks, Warns “It’s Going To Be A Calamity”

Financial insiders contemplate “imminent” 2018 US stock market crash of up to “50%”

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The greatest financial/economic collapse in (known) world history has been planned a long time ago.

I’ve told you about this many, many times.

Continue to prepare for (total) collapse,…

…because it’s coming.

– Financial insiders contemplate “imminent” 2018 US stock market crash of up to “50%”:

Coming dramatic decline of US stock prices would trigger global recession, finds grim forecast to be explored at roundtable hosted by British financial services think-tank

A new analysis published on the website of a London-based think-tank, funded by the world’s biggest banking and financial services institutions, warns that the US stock market is on the brink of an imminent crash that could trigger another global recession.

The document by a senior US economist and former Houblon-Norman Fellow at the Bank of England is published on the website of the Centre for the Study of Financial Innovation (CSFI), which runs around 100 roundtable events a year involving financial services insiders from the UK and beyond.

The document forecasts that in 2018, US stock prices are likely to plummet by as much as “forty to fifty percent”?—?compared to the less than five percent plunge in early February. The document was published weeks before the recent stock market volatility.

The warning of a forty to fifty percent drop points to the prospect of a global financial crash worse than the 2008 banking collapse.

Read moreFinancial insiders contemplate “imminent” 2018 US stock market crash of up to “50%”