Business

“Someone” is getting desperate.

Throughout the last week, anytime stocks have begun to correct or drop, “someone” has bought S&P 500 futures to prop the market up.

Anyone who’s been involved with the markets for a while knows the difference between real buyers and manipulation. This is manipulation plain and simple.

Look at all those “V” rallies. Three days in a row stocks opened DOWN and someone immediately stepped in and began buying aggressively.

The bad news for Valeant shareholders just keeps coming.  After repeatedly cutting its guidance in the past several months, earlier today VRX once again cut guidance dramatically, sending shares plunging by 10% in the premarket. In its just released Q1 results, which missed non-GAAP EPS expectations of $1.37 by 10 cents, the company took the knife to its latest set of full year 2016 projections.

Stock whisperer Yellen said all the right things yesterday, when she sounded more optimistic than pessimistic on the economy but while the economy is "strong" it is most likely not strong enough to weather a rate hike in the immediate future.

New York Governor Andrew Cuomo has signed an executive order that will punish any person or business caught criticising Israel.  In a speech to The Harvard Club, Cuomo said that New York will not tolerate any form of Israeli boycott. “We are also a place of action,” he said. “We want to take immediate action because we want Israel to know that we’re on their side. If you boycott against Israel, New York will boycott you.” RT.com reports: The point of a boycott is that it is impossible to construe it as other than passive, civil disobedience. To criminalize it speaks volumes.

Screen grab from www.theadvocate.com

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