Did the IRS, DOJ & FBI Break the Law?
http://www.foxbusiness.com/economy-policy/2015/07/09/did-irs-doj-fbi-break-law/?intcmp=bigtopmarketfeaturesside
China’s Xi Faces Backlash Amid Market Turmoil
Source: http://www.wsj.com/articles/chinas-president-faces-rare-backlash-1436467976
Required Reading Of The Day
99.999% Reliability, a Relic of the Past? – WSJ Jeb Bush Defends Comments on American Work Ethic – Fox Business China’s President Faces Rare Backlash – WSJ Procter & Gamble Agrees to Sell Beauty Businesses – WSJ More Fortune 500s Shift to NASCAR – Fox Business Kerry Indicates Iran Nuclear Talks Will Take More Time…
Short Sales Are at Their Highest Level Since the Financial Crisis
http://www.bloomberg.com/news/articles/2015-07-09/bears-get-rare-victory-on-u-s-stocks-as-shorts-index-falls-10-
China to Get Tough on Cybersecurity
http://www.wsj.com/articles/china-to-get-tough-on-cybersecurity-1436419416
Chart Of The Day: Apple Completing a 5-Month Topping Process?
Charts courtesy of StockCharts.com
Another guess the gap day!
“The highlight of the night was China, which after halting half of its stocks, disallowing major stakeholders (5% holding or more) from selling shares for 6 months, and threatening to arrest short sellers, the Shanghai Composite managed to gain nearly 6% on the day. What might be most impressive is that the index was down…
Who Blew Up China’s Stock Bubble
http://www.bloomberg.com/news/articles/2015-07-09/who-blew-up-china-s-stock-bubble-
NYSE, SEC Suspect Software Update Triggered Trading Halt
http://www.bloomberg.com/news/articles/2015-07-09/nyse-sec-said-to-suspect-software-update-triggered-trading-halt
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