Submitted by David Stockman via Contra Corner blog,
While the robo-traders play tag with the chart points, it is worth considering how it will all end. After all, at today’s close the broad market (S&P 500) was valued at 24.3X LTM earnings per share. That is, valuations are in the nosebleed section of history, but financial history has tumbled into the sub-basement of future possibilities.
As Obama concludes his fourth and supposedly final meeting to Saudi Arabia as U.S. president, the White House was quick to explain where relations with the Saudi Kingdom lay, and as CNN reported this morning, moved to tamp down suggestions that ties with Saudi Arabia are fraying, with administration officials saying that President Barack Obama "really cleared the air" with King Salman at a meeting Wednesday.
Dear Janet - it doesn't get any better than this...
At 247k, initial jobless claims are the lowest since November 1973 - how does that compute given the "fear and anger" among America's electorate?
We assume Intel's layoffs will be seasonally-adjusted out of this time series?
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
For the past week or so, I’ve been warning readers that the supposedly “liberal” state of New York has some of the most repressive voting laws in the country. Before reading the rest of this post, I suggest refreshing your memory on just how undemocratic New York is by checking out the following:
Published April 13th: Hillary Clinton Will Win New York, Because New York is Running a Banana Republic Primary
US officials approved the first-ever marijuana patent on August 4, 2015 for a plant containing large amounts of THC – the main psychoactive ingredient in marijuana. Patent No. 9095554, “relates to specialty cannabis plants, compositions and methods for making and using said cannabis plants and compositions derived thereof,” according to the document. Vice News reports: “There is a real need for cannabis varieties for potential medical use that produce modulated THC concentrations and varying concentrations of other pharmacologically active substances,” the patent says.