Bob Pisani Says "The Fed Is Alarmed By Market Complacency" - Why This Is A Big Problem For Yellen
"Is the Fed confusing the market?"
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Crude Plunges Below $40 At NYMEX Close
Between storage concerns and the potentially "meaningless" Doha production freeze talks, crude oil traders appear tohave realized that $40 oil is unsustainable at record glut levels... WTI crashed through $40 at the NYMEX close...
“The Greatest Crash Of Your Life Is Just Ahead…” – Harry Dent Warns
“The Greatest Crash Of Your Life Is Just Ahead…” – Harry Dent Warns
Harry Dent, best-selling author and economist, has warned that the stock bubble in the U.S. today is the biggest in history and that the “greatest crash of your life is just ahead…”
Writing on his website EconomyandMarkets.com, Dent warned that
Oil Hits Critical Choke Point: Why "The Market Faces A Round Of Rapid Stockbuilds"
One month ago, just as Cushing storage was rapidly approaching its operational capacity, we warned that Cushing (and increasingly all parts of PADD 2) is denying storage requests. We also said that overall PADD 2 inventories had risen to a new record high 155 million barrels...
... hinting that it was just a matter of time before excess production would be shifted to other regions, most notably the Gulf Coast, or PADD 3.
"It's No Longer A Market But A Battlefield" - Why Crispin Odey's $11 Billion Fund Has 5% Daily Swings
In February, Cripsin Odey's quite bearish $11 billion Odey Asset Management had a tumultuous month: it was down -10.6% as the overall market levitated relentlessly on low volume hopes of central bank stimulus and intervention ever since the February 11 lows, leading to the biggest short squeeze in history and the most overbought market ever.