More central bank nonsense!
We waited to write this because we knew Draghi was going to yap this morning. He did not let anyone down as he now telegraphs that a measly trillion/year aint enough and that they will look to be printing more. Of course, the knee jerk reaction is for markets to bid up. Coming into this…
Health Care, Biotechs Drag Nasdaq Lower @FoxBusiness
http://www.foxbusiness.com/markets/2015/10/21/futures-slightly-higher-china-stocks-tumble/?intcmp=bigtopmarketfeatures
Hank Greenberg: We’re living in a very dangerous world @FoxBusiness
https://video.foxbusiness.com/v/4570071628001/hank-greenberg-were-living-in-a-very-dangerous-world/?intcmp=bigtopmarketfeaturesside#sp=show-clips
Puerto Rico breaks off talks with creditor group
http://www.reuters.com/article/2015/10/21/us-usa-puertorico-gdb-idUSKCN0SF1XD20151021
U.S. debt limit wrangling could cause ‘accident’: Treasury’s Lew
http://www.reuters.com/article/2015/10/21/us-usa-fiscal-treasury-idUSKCN0SF1SV20151021
Ferrari Shares Start Trading $RACE
http://www.reuters.com/article/2015/10/21/us-ferrari-ipo-debut-idUSKCN0SF1W220151021
Required Reading Of The Day
No 2016 run for Biden Clinton has ‘serious concerns’ about Aetna-Humana, Anthem-Cigna mergers Assad makes surprise visit to Moscow Icahn launches super PAC with $150 million, biggest one-time injection Who’s in charge in Iraq? Philippines starts post-storm rebuild
Anatomy of a top – Valeant Pharmaceuticals (VRX)
As we write this, Valeant Pharmaceuticals (VRX) has dropped from $264 down to a current price of $88 and change in just two months. There has been issues with this company in the last few weeks as a few are accusing them of accounting chicanery as well as other things. In another chapter of our…