It's one thing for a fringe website to mock the Fed (on a daily basis, for the past 7 years), with articles such as this one we posted just before noon today, showing that inflation expectations have once again imploded, less than a month after the Fed's rate hike was supposed to signal confidence in the economy and a renormalization in inflation:
Who could have seen this coming? Week after the CEO ordered his mega-yacht and 6 months after Jim Cramer said "it was going higher," GoPro has just slashed Q4 revenue guidance by 15% (from $510.9mm to $435mm) and has addtionally decided to layoff 7% of the workforce. For now, GPRO is halted... but Ambarella is not (and is collapsing 6% after hours) leaving them down 65-80% since Cramer said "buy buy buy."
Camera-On-A-Stick Statement:
Today's business media summarized...
Today's actual market summarized...
Last August, following the recent Chinese market rout, Deutsche's Jim Reid showed a chart he used for the first time in early June comparing the Shanghai Composite recent performance with that of the NASDAQ back in 1999-2000.
Via FactCheck.org,
President Barack Obama’s final State of the Union address came up short of the facts on several topics: