Lumber Liquidators Liquidates Guidance

Just when you thought it was safe to buy the dip and pile into this “value” stock, Lumber Liquidators does it again. On a conference call this morning, and hot on the heels of Valeant doing the same, the embattled…

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BofA Is Still Not Buying It: “Everyone (Including Ourselves) Is A Seller Into Strength”

With the S&P retesting its stubborn support level of 1,812 as recently as a week ago, many have continued to predict that failures to breach said level would result in violent bear market rallies, most recently JPM which however “should…

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Citi Is Confused Why People Read “Bearish Stories”

n his daily note to clients, Citi’s Brent Donnelly is confused: he asks why do people focus on “bearish news” and shows a Google trends chart to support his theory. This is what he said: Give the people what they…

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“Dear Bernie, I’m Sorry. I Am The Problem With America…”

I agree with Bernie Sanders. The economy is rigged. In fact, it’s what my father, who is very conservative, taught me about life. Some find it surprising because the general position of liberals seems to be that conservatives don’t realize,…

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The Simple Reason Why Stocks Are Soaring

One can devise all sorts of complex explanations why global stocks and US futures are on fire this morning, or one can just assume that alos are doing what they do best: fading Dennis Gartman. From his latest note: IF…

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Think Another Crash Is “Impossible”? Think Again

The confidence that risk can be quantified and mitigated is misplaced. If there are limits on what we can know of the future–and clearly there are–this sets limits on our ability to quantify and mitigate risk. Longtime correspondent Lew G….

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Sudden Death? Junk-Rated Companies Headed for Biggest “Refinancing Cliff” Ever: Moody’s

Most of the defaults, debt restructurings, and bankruptcies so far this year and last year were triggered when over-indebted cash-flow negative companies could not make interest payments on their debts. During the crazy days of the peak of the credit…

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This Is The Real Reason For The War On Cash

These are strange monetary times, with negative interest rates and central bankers deemed to be masters of the universe. So maybe we shouldn’t be surprised that politicians and central bankers are now waging a war on cash. That’s right, policy…

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If Zero Interest Rates Fixed What’s Broken, We’d Be In Paradise

Rather than fix what’s broken with the real economy, ZIRP/NIRP has added problems that only collapse can solve. The fundamental premise of global central bank policy is simple: whatever’s broken in the economy can be fixed with zero interest rates…

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One Trader’s Dire Warning For Markets

We’re nearly two months into the new year and one of the defining themes for markets thus far has been the extent to which investors have seemingly woken up to the fact that central bankers are not, in fact, omnipotent….

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