Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
Feeding Like Leeches
The poor Republicans! A Washington Post story wonders if the party could “break in two.” Party stalwarts are threatening to desert to Hillary. And a Texas newspaper worries that the GOP could be “on the verge of extinction.”
Aaaaaaand… it’s gone!
Two weeks ago, when we did our latest analysis of GAAP and non-GAAP earnings, we were stunned by several findings:
First, consensus Q1 2016 non-GAAP earnings, the kind that even Warren Buffett openly rails against, have imploded from +5% to -8.3% (this was "only" -7.4% two weeks ago), and more than double the -3.4% plunge in Q4 2015 EPS.
Keep in mind that all of the above is on a non-GAAP basis, and if one looks at GAAP earnings, the picture goes from dire to absolutely disastrous.
Was there ever any doubt...
So this happened...
Yes it is all very exciting, but year-to-date, Gold is outperforming The Dow by 20ppt...
For the best year since 1974...
Submitted by Brandon Smith via Alt-Market.com,
Many investors today are not very familiar with market history and tend to live only in the day-to-day mainstream narrative while watching little red and green graphs move up and down. This is not so much an issue in a relatively stable economic environment. The problem is, today we live in the most unstable economic conditions possible.
Seriously!!!! That Close!!!
http://www.youtube.com/watch?v=FsqJFIJ5lLs
Your day in the "market"...
The "stable" oil market...
Following yesterday's noisy drop, today was the echo with a noisy choppy low volume rally as Oil sparked the momentum in the pre-open, but stocks decoupled lower from both JPY and Oil (smashed lower on weak wholesale trade data and a realization that US crude production rose)...