Irrational Exuberance Triggers Chaos as China Watchdog Sidelined
http://www.bloomberg.com/news/articles/2015-07-09/irrational-exuberance-triggers-chaos-as-china-watchdog-sidelined
Oil Rout Seen Ending as Demand Trumps China’s Market Crash
http://www.bloomberg.com/news/articles/2015-07-08/oil-rout-seen-ending-as-demand-trumps-china-s-stock-market-crash
China Stocks Rebound; Biggest Gain in Six Years
http://www.wsj.com/articles/asians-shares-lower-as-chinas-rout-grips-global-markets-1436405225
Required Reading Of The Day
Fear Grows in Greece as Decisive Hour Nears – WSJ Alcoa’s Profits Rise, Helped By Growth In Auto, Aerospace – Fox Business South Carolina House Votes to Remove Confederate Flag – WSJ Robots on Wall Street? Firms Try Out Automated Analyst Reports – WSJ FOMC Minutes Show Caution Toward Rate Hike – Fox Business
Random thoughts by Gary on the NYSE outage!
This is nothing right now…almost a tiptoe through the tulips. Doesn’t resemble flashcrash in any way. Back then, S&P dropped 100 points and came back up. If this is a hacking, then a lot of confidence is lost…but would they tell us if it was a hacking? There was a tweeted warning last night about…
The Utter Stupidity Out Of China!
SOURCE: http://www.bloomberg.com/news/articles/2015-07-08/this-is-why-so-many-chinese-companies-are-suspended
Gary Kaltbaum says China is the classic popping of a bubble! But…
For years, you have been told that the economic numbers that were coming out of China were suspect. For years, you have been told to go to youtube to look at China’s ghost cities! https://www.youtube.com/watch?v=wm7rOKT151Y And then came the recent 100% gain in months. 1999 anyone? We don’t pretend to know exactly how this plays…
This Medical Charity Made $3.3 Billion From a Single Pill
http://www.bloomberg.com/news/features/2015-07-07/this-medical-charity-made-3-3-billion-from-a-single-pill