Business

Earlier today we pointed out a surprising warning from Tom McClellan, who when looking at the unprecedented surge in the shares outstanding of the VXX, also known as the long VIX ETN, pointed out that this product is suddenly extremely popular and asked "Can this possibly end well?"

The reason for his concern was based on a post he published a few months ago, in which he explained that "VXX Shares Outstanding Data Work Differently."

Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the "weekend" for public workers to 5 days...

In the wake of the release of the Panama Papers, which exposed financial dealings of some of the world's wealthiest people, much has been made in the media and on the U.S. presidential campaign trail about making sure everyone is paying their "fair share", and emphatically calling for improving transparency around how corporations and individuals handle their money.

If yesterday it was doom and gloom for tech stocks, then today it's Facebook's turn for soom upside down frown turning boom. Moments ago the social network reported another round of blowout results, as follows:

• FACEBOOK 1Q REV. $5.38B, EST. $5.27B
• FACEBOOK 1Q ADJ. EPS 77C, EST. 63C
• FACEBOOK 1Q DAUS 1.09B, EST. 1.06B (2 EST.)
• FACEBOOK 1Q MAUS 1.65B , EST. 1.62B

Some more details on the user growth:

Are you not entertained??

http://www.youtube.com/watch?v=FsqJFIJ5lLs

Commodity Carnage continues in China...

Nothing happened before The Fed (apart from a chaotic dip and rip in crude oil and bid for bonds all morning)...and then it hit...

Getting the S&P 500 to 2,100 was all that mattered after The Fed - becase that tells the world that everything is awesome!!