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
EU Commission Has Grexit Scenario Prepared, Juncker Says
http://www.bloomberg.com/news/articles/2015-07-07/juncker-eu-commission-has-grexit-scenario-prepared-in-detail
Gundlach Sees Greek Euro Exit Opening ‘Pandora’s Box’
http://www.bloomberg.com/news/articles/2015-07-07/gundlach-sees-greek-euro-exit-opening-pandora-s-box-
Social start-up gives a helping hand
http://features.aol.com/video/social-start-gives-helping-hand?intcmp=fbtopstories&ncid=txtlnkusaolp00000058
LinkedIn CEO Describes 3 Qualities That Make a Great Leader
http://jobs.aol.com/articles/2015/07/06/linkedin-ceo-jeff-weiner-leadership-qualities/?intcmp=fbtopstories&ncid=txtlnkusaolp00000058
Required Reading Of The Day
Rubio: We Have a ‘Very Serious’ Border Problem – Fox Business Eurozone Sets Sunday Deadline for Greece Deal – WSJ Copper Prices Fall to 2009 Levels on China Fears – Fox Business European Central Bank Holds Key to Greece’s Future – WSJ Apple’s Siri vs. Amazon’s Alexa – Fox Business The Tax Inversion Wave Keeps…
More Deterioration But…
More deterioration BUT major indices rebounded nicely setting up some upside testing here. The bigger issue is the energy complex with another leg down and the semis worsening. Keep in mind, it is the underlying weakness we have been targeting for you and telling you to avoid. If more weakness shows up, eventually, major indices…