A-Rod And Janet Yellen: What Valuation, Debt And The Fed Can Say About The Next Bear Market

Submitted by F.F. Wiley of Cyniconomics What Can Valuation, Debt and the Fed Tell Us about the Next Bear Market? We last wrote about stock valuation in August, when we looked at three types of P/E multiples and argued that stocks were more stretched t… [...]

"James Bond’s" Predictions for 2014…and Beyond

By: Chris Tell at http://capitalistexploits.at/ I first met Joe in Mongolia last year. He is one of the most fascinating men I’ve had the pleasure of meeting. A spook from the cold war with stories that would not be out of place in any spy novel. Trut… [...]

Frontrunning: November 26

M&A Mystery: Why Are Takeover Prices Plummeting? (WSJ) Hedge-Fund Fight Club Traded Illegal Tips Not Punches (BBG) Speed Traders Meet Nightmare on Elm Street With Nanex (BBG) A new wave of U.S. mortgage trouble threatens (Reuters) Penny Lane: Gitm… [...]

Frontrunning: November 25

Washington turns bond market upside (FT) China Air-Zone Move Expands Field of Islands Spat With Japan (BBG); Japan rejects China claim on airspace over disputed islands (FT) ‘Great Satan’ meets ‘Axis of Evil’ and strikes a deal (Reuters) Iran Pact Fac… [...]

Frontrunning: November 22

Wonder why: JPMorgan plans to keep pay roughly flat from last year (Reuters) – maybe this: Charles Schwab Warns “We Are In A Manipulated Market” Democrats overturn filibuster rule, increasing Obama‚Äôs power (FT) Day JFK Died We Traded Through Tears a… [...]

CIA Database Tracks All US Money Transfers

While hardly as dramatic as ongoing revelations of Big NSA Brother probing every aspect of Americans’ lives, overnight the WSJ reported that in addition to the complete loss of privacy – which should now be taken for granted – the CIA has been added to… [...]

Complete Hedge Fund Q3 13F Holdings And Position Changes Summary

Here is a summary of the key stock additions, sales, initiations and liquidations conducted by the most prominent US hedge funds in the third quarter. APPALOOSA Boosted Stakes in HCA, HUN, CE, LCC, TEX in 3Q Cut Stakes in SPY, BRCM, BAC, HTZ, SNDK in… [...]

Just Before David Tepper Was Preaching A 20x P/E On CNBC, He Was Selling These Stocks

On October 15, two weeks after the end of the third quarter, David Tepper appeared on CNBC for his semi-annual stock pumpfest, most memorable for his suggestion that a 20x P/E multiple on the S&P was perfectly acceptable. Which would suggest Tepper… [...]

Guest Post: The Big Lie: Lunch (and Debt) Are Free

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Actions create consequences, and not necessarily the consequences that were planned or expected. A central tenet of propaganda is that the Big Lie repeated often enough is accepted with greater ease t… [...]

Guest Post: The Big Lie: Lunch (and Debt) Are Free

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Actions create consequences, and not necessarily the consequences that were planned or expected. A central tenet of propaganda is that the Big Lie repeated often enough is accepted with greater ease t… [...]