Disaster

The CDC is investigating a sudden outbreak of a mysterious stomach bug aboard a Disney cruise ship this week that left 92 passengers ill.  The ship was carrying 2,700 passengers and 1,000 crew members as it left and returned to Miami last weekend. A spokeswoman for Disney said that the Disney Cruise Line implemented additional sanitation measures such as continuous cleaning of handrails since the illness struck. Self-service stations at buffets and ice cream stations were discontinued in order to limit passenger contact with food.

The loud bangs that were heard in the north of England on Monday evening were sonic booms from Typhoon jets scrambled to identify “an unresponsive civilian aircraft”, the RAF has said. Newcastle Airport confirmed that RAF aircraft escorted a flight operated with an Air France flight code, into the airport earlier this evening: “We can confirm flight AFR1558 from Paris, Charles De Gaulle was escorted into Newcastle Airport by RAF aircraft having lost communication with Air Traffic Control.

The remains of renowned American mountain climber Alex Lowe and his companion cameraman David Bridges have been found partially melting out of a glacier on Shishapangma, Tibet. The two climbers disappeared in a Himalayan avalanche 16 years ago while attempting to ascend the 14th highest mountain in the world. Alex Lowe’s widow put out a statement on Friday saying that the remains were discovered by two climbers attempting an ascend of the 26,291-foot mountain.

A CSX freight train has derailed in Washington D.C.., near the Rhode Island Avenue Metro station Sunday morning leaving several cars overturned and resulting in a leak of hazardous materials.

Doug Buchannan, a spokesman for the D.C fire department, said as many as nine cars have derailed and at least three are leaking hazardous material. The incident happened at 6:40 a.m. Sunday.

In the new normal, where bad news is good news, stagnation is growth, and depression is a buying opportunity, it should be no surprise that the so-called "safety stocks" of the Consumer Staples sector have never been more risky. At a P/E valuation of 22x, food, beverage, and tobacco companies have never been more expensive.

But, "safety stocks" are not the most expensive stocks in the US equity market...

This is what a speculative frenzy looks like!

more than doubled in the last month!!