Business

Submitted by Julianne Geiger via OilPrice.com,

As it turns out, Syria was merely a springboard for a much larger ISIS plan—replenishing terrorist coffers by taking over oil assets in war-torn Libya.

The terror group has largely taken control of the Libyan city of Sirte and its hundreds of miles of coastline, and has ransacked two key oil terminals in an attempt to wrest control from fragile Libyan officials, ISIS is banking on taking over these oil facilities, and is now reportedly recruiting its own oil and gas engineers.

One of our favorite hypocritical CEOs spoke this morning to try and explain why his rail freight transportation company's stock is plunging.

Two days ago we reported that one half of JPM's Croatian "Duo of Doom", namely equity strategist Dubravko Lakos-Bujas, became every BTFDer's worst enemy when he said that the time of BTFDing is over, and a regime change has arrived one in which rallies are to be sold. To wit:

The first week of July 2013 was the last time the Russell 2000 traded at these levels. That is 30 months of buy-and-hold for no return. Despite the constant clammer from "Small Cap fund managers" that they are the plaxce to be for protection against a soaring USD (since they are dominantly domestically focused), it seems the fact that small caps are much more sensitive to credit market conditions is the real reason and that market is carnaging.

Russell 2000 is down 22% from the highs... in bear market territory...

Remember in December when we were told incessantly that "meh, it's just 25bps!"

It appears that 'liftoff' in rates is having a real impact on a particular sector as the potential for tightening credit conditions (and higher costs of funding) have crashed the stocks of peer-to-peer/direct lenders like Lending Tree, OnDeck, and Lending Club.

Another bubble bursts! And the companies are shocked!

• *LENDING TREE NOT AWARE OF ANY REASON TO JUSTIFY SHR DECLINE

It seems someone is...