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DOW 18K.-Last JULY--today 18K-- what happened last time it hit 18K??? right
“A big move is coming in the S&P 500, and it will take everyone’s breath away,” the blogger wrote over the weekend. It could go either way, but his technical take is that we’re looking at a double-digit swing sooner or later for the broader market.
http://www.marketwatch.com/story/a-big-move-this-way-comes-and-not-just-in-the-price-of-crude-oil-2016-04-18
OIL...Saudi Prince Drops Bomb - "No Deal Without Iran...We Are Selling At Every Opportunity"
http://www.zerohedge.com/news/2016-04-15/saudi-prince-drops-friday-night-bomb-no-deal-without-iranwe-are-selling-every-opport
DNA Brands Update on 4/20/2016 Conference call
...6.The Joint Agreement with Accel Brabds Inc (ACLP.PK)...
http://finance.yahoo.com/news/dna-brands-4-20-2016-141500003.html
Japan's Economy Grinds To A Halt After Earthquake Paralyzes Critical Supply Chains
http://www.zerohedge.com/news/2016-04-17/japans-economy-grinds-halt-after-earthquake-paralyzes-critical-supply-chains
Silver Soars, Stocks Slump As Equity "Fear" Hits All-Time Record High
http://www.zerohedge.com/news/2016-04-11/silver-soars-stocks-slump-equity-fear-hits-all-time-record-high
Average German Bond Yield Crashes To Zero For First Time Ever
"You Get Nothing" is the message for German bond coupon-clippers...
http://www.zerohedge.com/news/2016-04-11/average-german-bond-yield-crashes-zero-first-time-ever
Yah, He understands it....Austria Bailed-in SEARCH
http://search.yahoo.com/search?fr=ush-mail&p=Austria%20“Bailed-in”
“Banking Crisis Explodes in Europe on a Sunday Afternoon: Austria Orders First-Ever Bank “Bail-in”; Takes Depositors Money for Failed Bank
April 10, 2016, 12:00 Noon EDT: “In a move which could trigger a collapse of European banks, Austria “Bailed-in” a failed bank; seizing depositor money to pay bank debts, leaving citizens broke. This could be the actual start of a complete systemic banking collapse in Europe as panicked citizens, seeing their fellow depositors wiped out in one fell swoop, start pulling their money out of the banking system. This has “DISASTER” written all over it.
http://beforeitsnews.com/opinion-liberal/2016/04/banking-crisis-explodes-in-europe-on-a-sunday-afternoon-austria-orders-first-ever-bank-bail-in-takes-depositors-money-for-failed-bank-2526191.html
Panama Papers...
As Rana Foroohar put it in an editorial for Time magazine,
“The Panama Papers could lead to capitalism’s greatest crisis.”
Micah White, co-founder of Occupy
Tuesday 5 April 2016 15.47 EDT
...The Panama Papers is arguably the perfect leak. First of all, the size is sublime: over 40 years of records, 11.5m files and 2.6 terabytes of data from the world’s fourth largest offshore law firm. This is a full leak, a leak that dwarfs all previous leaks in human history
http://www.theguardian.com/news/commentisfree/2016/apr/05/panama-papers-leak-activism-leaktivism
Corporate Debt Defaults Explode To Catastrophic Levels Not Seen Since The Last Financial Crisis
By Michael Snyder, on March 28th, 2016
http://theeconomiccollapseblog.com/archives/corporate-debt-defaults-explode-to-catastrophic-levels-not-seen-since-the-last-financial-crisis
June 23 Brexit referendum. Choas?
Wikileaks Reveals IMF Plan To "Cause A Credit Event In Greece And Destabilize Europe"
http://www.zerohedge.com/news/2016-04-02/wikileaks-reveals-imf-plan-cause-credit-event-greece-and-destabilize-europe
Time To Panic About Deutsche Bank & Credit Suisse! – Probably The Next Lehman
https://investmentwatchblog.com/time-to-panic-about-deutsche-bank-credit-suisse-probably-the-next-lehman/
Janet Yellen Speaks Tuesday Mar 29
11:30 AM ET
U.S. economic data and speeches by Federal Reserve officials this week that could signal more interest rate increases than expected
http://www.reuters.com/article/us-global-markets-idUSKCN0WU00R
2016 Economic Calendar
http://www.econoday.com/economic-calendar.aspx
Banks are reducing customers line of credit to card holders.
...We will assign a credit access line to your account, and post it on your monthly billing statement. We may cancel, change or restrict your credit availability at any time. Each transaction is considered for approval on an individual basis, including those above the credit access line. We may not approve all transactions...
http://allnewspipeline.com/World_On_Edge_Banking_Notice.php
Check your credit card for reduction or acess to credit.
Bankrupt Banks Brutally Bleeding…Worldwide
...Bank Stocks were massacred in the 2007-2008 global CRASH IN STOCKS.
...global banking stocks are AGAIN leading worldwide stock markets into another CRASH MODE. Year-To-Date Performances of the six global banks in our analysis have fallen a whopping average of -25% (in only three months). Consequently, this suggests the emergence of a terrifying bear market in global bank stocks in 2016…and possibly well into next year.
...Based upon the analysis “Bankrupt Banks Brutally Bleeding,” the probability is high US equities are hell bent for leather to severely tumble this year…and possibly into 2017. The above charts suggest the DOW Index may eventually be hammered down to 8000 support, while the S&P500 Index might decline in lethal concert to its 800 support (both in early 2009).
http://www.gold-eagle.com/article/bankrupt-banks-brutally-bleeding%E2%80%A6worldwide
Critical Warning from Rogue Economist Harry Dent: “This is Just the Beginning of a Nightmare Scenario as Dow Crashes to 6,000”
...We are approaching what he terms “The Greater Depression”, and the coming months look bleak: “The recession is NOT over yet. $100 trillion of the $225 trillion in loans, bonds and stocks across the world…will simply disappear.”
And this will happen on a worldwide scale, unleashing a tidal wave of destruction across the globe...
http://economyandmarkets.com/exclusives/critical-warning-from-rogue-economist-harry-dent-this-is-just-the-beginning-of-a-nightmare-scenario-as-dow-crashes-to-6000-2/?z=418531
Bottom Of The Barrel Club #16-3: Pennies From Heaven... Or Hell?
http://seekingalpha.com/article/3959994-bottom-barrel-club-16minus-3-pennies-heaven-hell?source=feed_tag_editors_picks
...Deloitte, the accounting firm, estimates that fully 1/3, or 175 companies, are at risk of bankruptcy this year
...The table below shows the stock performance of BOTB Club members from January 1, 2016, through March 18, as well as from March 1-18, the period of the recent rally. EP Energy (NYSE:EPE) (+245%), Triangle (NYSEMKT:TPLM) (+212%) and California Resources (NYSE:CRC) (+182%) have led the way recently. On a year-to-date basis, Contango (NYSEMKT:MCF) (+79%), Bill Barrett (NYSE:BBG) (+55%) and Mid-Con (NASDAQ:MCEP) (+46%) are the leaders while as a group BOTB Club members are down an average of -(7%) despite the recent rally.
Energy sector defaults could go like dominos
4:25 PM ET 3/16/16 | MarketWatch
Read:Fitch expects $70 billion of defaults by energy and materials companies this year (http://www.marketwatch.com/story/fitch-expects-70-billion-of-energy-and-materials-company-defaults-this-year-2016-03-10)
Don't miss:Corporate defaults expected to rise 30% in 2016, says Moody's (http://www.marketwatch.com/story/corporate-defaults-expected-to-rise-30-in-2016-says-moodys-2016-03-01)
Fitch is expecting the energy trailing 12-month default rate to end the year in a 30% to 35% range, while metals and mining are expected to climb to 20%. The coal sub-sector is expected to surge to 60%.
ZeroHedge searched all U.S. 144A oil and gas bonds trading at 30 cents on the dollar or less and that have an interest payment due starting in April through September. It's a hefty list of 141 oil and gas companies that are due to pay that interest in what are expected to remain tough oil market conditions. See it here (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/03/13/upcoming%20maturities%202_1.jpg).
On Watch...
On Watch...
On Watch...
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DJ Report: Linn Energy Trying to Prevent Tax Hit in Restructuring -- Barron's Blog
Mar 09, 2016 16:01:00 (ET)
By Amey Stone
If (or when) Linn Energy ( LINE) restructures its debt, its remaining investors could suffer a big tax blow. That's because the exploration & production company is structured as a partnership and each partner would owe tax on any forgiven debt.
The New York Times covered this risk last month, bringing it to the attention of shareholders.
Now The Wall Street Journal is reporting that Linn is trying to change its corporate structure to prevent this tax hit. According to Wednesday's article:
Linn advisers are exploring workarounds that could spare investors a big tax bill that would follow a debt reduction, the people said. Among the options being debated is merging Linn with a publicly traded corporate affiliate, LinnCo LLC ( LNCO), or letting investors swap Linn units for LinnCo shares ahead of any restructuring, some of the people said. The corporate entity could shield investors from the tax hit. The exact mechanics are unclear and are complicated by legal rules around taxes and corporate governance. And there is little precedent.
If Linn Energy can find a way to minimize the tax bite, other master limited partnerships (MLPs) with a similar tax stcturue would likely follow. The Journal reports:
Distressed peers are watching closely, hoping Linn can provide a blueprint to follow as low oil prices continue to spread pain through their ranks.
Linn shares were up 25% Wednesday, while Linn Co was flat. Both are trading under $2 a share, a level that indicates many investors expect it to go bankrupt.
More at Barron's Income Investing blog, http://blogs.barrons.com/incomeinvesting/
(END) Dow Jones Newswires
March 09, 2016 16:01 ET (21:01 GMT)
Collapse Of Italy's Banks Could Plunge The European Financial System Into Chaos
Read more at http://www.prophecynewswatch.com/article.cfm?recent_news_id=176#9KaV2oItWst7Bh78.99
????
...Inflation is back. And Gold and Gold-related investments will be exploding higher in the coming weeks.
The Inflation Genie is Out of the Bottle
http://www.zerohedge.com/news/2016-03-08/inflation-genie-out-bottle
??????
LNCO Security Details
Share Structure
Market Value1 Not Available
Authorized Shares Not Available
Outstanding Shares Not Available
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value Not Available
http://www.otcmarkets.com/stock/LNCO/profile
VNR Security Details Other Company Securities VNRAP
VNRBP
VNRCP
Share Structure
Market Value1 $31,700,729 a/o Mar 07, 2016
Authorized Shares Not Available
Outstanding Shares 12,145,873 a/o Nov 10, 2008
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value No Par Value
http://www.otcmarkets.com/stock/VNR/profile
EXXI Security Details
Share Structure
Market Value1 $82,762,955 a/o Mar 07, 2016
Authorized Shares Not Available
Outstanding Shares 95,459,002 a/o Jan 29, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value 0.001
http://www.otcmarkets.com/stock/EXXI/profile
LINE Security Details
Share Structure
Market Value1 $692,327,641 a/o Mar 07, 2016
Authorized Shares Not Available
Outstanding Shares 355,039,816 a/o Oct 31, 2015
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value No Par Value
http://www.otcmarkets.com/stock/LINE/profile
REXX Security Details Other Company Securities RXNRP
Share Structure
Market Value1 $120,949,752 a/o Mar 07, 2016
Authorized Shares Not Available
Outstanding Shares 55,737,213 a/o Nov 06, 2015
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value No Par Value
http://www.otcmarkets.com/stock/REXX/profile
Today, March 7, 2016
3:15 PM ET
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation of Celldex Therapeutics, Inc. and Its Board of Directors in Connection with Possible Violations of Federal Securities Laws
BusinessWire
11:15 AM ET
LEERINK SWANN DOWNGRADES CELLDEX THERAPEUTICS TO MARKET PERFORM, LOWERS PT TO $4.00S&P Capital IQ
11:01 AM ET
Celldex Therapeutics Cut to Mkt Perform From Outperform by Leerink Swann >CLDXDow Jones
10:47 AM ET
WEDBUSH DOWNGRADES CELLDEX THERAPEUTICS TO NEUTRAL
S&P Capital IQ
9:27 AM ET
GUGGENHEIM SECURITIES DOWNGRADES CELLDEX THERAPEUTICS TO NEUTRAL
S&P Capital IQ
9:14 AM ET
Celldex TherapeuticsBriefing.com
8:16 AM ET
Celldex Therapeutics' stock plunges on heavy volume after brain cancer trial disappointedMarketWatch
7:30 AM ET
Celldex Therapeutics (CLDX) Resumed TradingDow Jones
7:25 AM ET
Celldex Therapeutics (CLDX) Resumed TradingDow Jones
7:05 AM ET
Celldex Therapeutics: Unlikely to Meet Primary Overall Survival Endpoint >CLDXDow Jones
7:04 AM ET
Celldex Therapeutics: Panel Determines Rintega Study Won't Reach Statistical Significance for Overall SurvivalDow Jones
https://finance.yahoo.com/q?s=CLDX&ql=0
Epic short squeeze helps launch historic gains in oil stocks
http://www.marketwatch.com/story/epic-short-squeeze-helps-launch-historic-gains-in-oil-stocks-2016-03-04
...Federal Reserve does not have enough evidence to hike rates following its March 16 monetary policy meeting.
...currency devaluation concerns in Europe
...The next push is expected to come later in the week when the ECB is expected to announce more easing measures
Gold Could Rally Next Week On Currency Devaluation Fears - Analysts
Friday March 04, 2016 14:51
http://www.kitco.com/news/2016-03-04/Gold-Could-Rally-Next-Week-On-Currency-Devaluation-Fears-Analysts.html
Stocks Tumble After Fed Plans Too-Big-To-Fail Bank Counterparty Risk Cap
...The implications of this are significant in that it will force some banks to unwind exposures and delever against one another (most notably with potential affect the repo market which governs much of the liquidity transmission mechanisms). Guggenheim's Jaret Seiberg warns the proposal is likely to be "stringent," though less onerous than the Dec 2011 proposal.
•*FED ISSUES PROPOSAL ON BANK INTERCONNECTEDNESS IN STATEMENT
•*FED TO PROPOSE BIG BANKS CAP CREDIT RISK TO EACHOTHER AT 15%
•*BANKS WITH $500 BLN OF ASSETS WOULD FACE 15% LIMIT UNDER RULE
JPMorgan is tumbling...
http://www.zerohedge.com/news/2016-03-04/stocks-tumble-after-fed-plans-too-big-fail-bank-counterparty-risk-cap
TODAYS PR !!!
Kona Gold Solutions, Inc. Expands National Rollout of Energy Drinks to Include AMAZON.COM
CHARLESTON, S.C., March 1, 2016 /PRNewswire/ -- Kona Gold Solutions, Inc. (OTC Pink: KGKG), a premier lifestyle brand of exclusivity and status, is currently in the process of establishing distribution channels for their line of energy drink products and working with select brick-and-mortar locations to carry their products. As part of their national rollout, Kona Gold is pleased to announce its Energy Drinks and Shots are now available on Amazon.com.
"This is a huge step forward for the Company in rolling out our products on a national level," stated Robert Clark, CEO of Kona Gold Solutions, Inc. "Our Energy drink products are now available on the largest Internet-based retailer in the United States. Over the last several weeks, our team worked with Amazon to ensure our energy drinks and shots met their guidelines in order to be sold on their platform. They have a very stringent vetting process and we were excited to be granted approval. We are also currently working on shelf space for our products and are in negotiations with several different distributors."
http://finance.yahoo.com/news/kona-gold-solutions-inc-expands-133000186.html
...The contraction of margin debt has commenced and markets are following like clockwork. What follows this will be the greatest fear central bankers have always had, a general credit contraction...
Contraction Of Credit… Central Bankers Greatest Fear!
http://www.jsmineset.com/2016/02/26/contraction-of-credit-central-bankers-greatest-fear/
“The S&P 500 could rally to anywhere between 1,975 and 2,040,” Dent says. “Then we could see stocks take the most dramatic fall yet between late March and early July or so, down to 1,600 or lower
Harry Dent: Sell Gold at $1,400 Before It Drops by Half
http://www.newsmax.com/Finance/StreetTalk/Harry-Dent-gold-inflation-stocks/2016/02/24/id/715925/