Business

While over the past several years many have observed the peculiar last half-hour ramp in the stock market, leading to a variety of amusing knock-off phenomena, perhaps nowhere was it more noticeable than what happened on the last two Friday afternoons, and especially the most recent one when with the market down notably going into the last 30 minutes of trading, the Dow soared in the last minute, turning green with 7 seconds of trading left, continuing the streak of 11 consecutive all time highs, the longest such stretch since early 1987. 

The Democratic National Committee (DNC) has unanimously decided to ignore the will of the voters and has rejected a ban on corporate lobbying donations.  Despite the Clinton campaign losing last years presidential election due to the myriad of accusations of pay for play, and undue influence from Wall Street and Big Pharma, the DNC has decided to stick with Clinton amid a furious backlash from ordinary voters.

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Visualizing 10-Reasons For Caution

Just recently, David Rosenberg in a recent research note, laid out 10-reasons to be cautious in the market. I thought it would be useful to look at each of these in a visual form to get a better idea of what he is addressing.

The obvious reason to look at these indicators is that market records are records for a reason. As I wrote previously:

Both Obama and Bush couldn't give two shits about the stock market. Bush was focused on colonizing the middle east and Obama was fixated on having mentally ill transgenders urinate in the ladies restroom -- standing up.

But now we have a shit-poster in chief, very vain and ideally focused on how the public perceives him. Being a man of business, he's singularly interested in what the media has to say about him, and more importantly, the stock market.

He tweeted this out this morning.

Last week we reported that for the first time since the election, Bank of America's smart money clients were, as a group, selling stocks. As BofA's Jill Carey Hall calculated, after significant buying over the past few weeks, net client sales of $2.1 billion were the largest since June.  However, there was a further nuance, one which has emerged as troubling for those calling for sustained gains in the market.