Business

Submitted by Simon Black via SovereignMan.com,

Well, it happened again.

China’s stock market plunged, sending more than half a trillion dollars to money heaven.

What a surprise, it turns out that a massive credit bubble is actually unsustainable and will eventually burst. Shocker.

And just like what happened last year when Chinese stocks tanked, the government is stepping in to centrally plan the stock market recovery.

President Obama has signed an executive order on gun control that requires private individuals to obtain a Federal Firearms License before selling their gun.  The new gun control laws were rushed through by Obama who bypassed Congress in order to implement stricter rules following the recent San Bernardino shooting.

Authored by Nomi Prins, author of "All The Presidents' Bankers", via NomiPrins.com,

As described by Nanex LLC's Eric Scott Hunsader,

Retail stop orders await execution, typically at common price intervals (0.00, 0.25, 0.50) at the Wholesaler. Wholesalers know those price levels and can anticipate and exacerbate the downside movement to increase net profits.

How?

Wholesalers create a composite view of the Order Book (Bid/Offer at each Price Level) across all exchanges.

 

Submitted by David Stockman via Contra Corner blog,

On December 28 we laid out the reason why the Wall Street casino should be avoided at all hazards in a post entitled “Safe On the Sidelines - 405 Days And Counting.” We referred to the fact that the S&P 500 had first crossed that day’s close at 2052 in November 2014, and had vibrated sideways ever since.

We are still counting. After this week’s carnage the number has risen to 501 days, but our belief that the stock market casino has just begun its descent has only been further reinforced.