01/05/2016

Warren Buffett Sees Derivatives as a Potential “Time Bomb” for Financial Markets

by John Galt May 1, 2016 22:40 ET Weird. CNBC did not report on this subject on their web page. Marketwatch did not make a big deal about this story either: The Financial Times of London, Wall Street Journal, Bloomberg, hell, even that rag the New York Times Business section do not even have this headline: Buffett sees derivatives as potential “time bomb” in financial markets So my American readers can thank the Communist Chinese government’s semi-official official propaganda outlet, Xinhua?!?!?! Yup: OMAHA, Nebraska, April 30 (Xinhua) — Warren Buffett, Berkshire…


Fox News Acting as a Trump Super-Pac has Consequences: CNN now Number 1 in Cable News

by John Galt May 1, 2016 21:20 ET Roger Ailes apparently does not care about the integrity of his news network. Why would I say that? 90% of the coverage can only be, as Mark Levin so aptly puts it, reflect the actions of a Super-PAC favoring the Donald Trump for President campaign. The actions of its hosts have been well documented and for some strange reason, after Mr. Ailes met with Donald Trump for lunch at Fox News headquarters on April 16th, the network instead of paring back its so-called…


$1294.90

by John Galt May 1, 2016 19:05 ET Gold closed on Friday with a price of $1294.90. Why is that significant? Because it should alert any sane person that a long term trend line has been broken but more importantly, the three month consolidation and base building period is now over. First a little chartistic charsima courtesy of gold: Way, way, back when Jim Cramer was telling us it was still safe to own Bear Stearns, the precious metals markets experienced a similar consolidation and decline following a rally above $600…


Progressive Democrats are in as Much Disarray as the Conservative Republicans (VIDEO)

by John Galt May 1, 2016 13:55 ET One night while having a beer with one of my Libertarian friends, he revealed a stunning fact to me which required a little bit of research to validate. I was skeptical as hell when he told me “You do realize the Democrats are just as f***ed up as the Republicans right? The extreme left and Progressives despise Hillary as much as we (Conservative/Libertarians)  hate Trump.” I told him he was nuts but would check it out. Sure enough, the election is beginning to…


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