Category: Stock Market

The Night Of Fiscal Infamy

The Night Of Fiscal Infamy by David Stockman – Contra Corner We have crossed the fiscal Rubicon, and not merely because Congress passed a $400 billion budget-buster in the wee hours of the morning rather than abide a government shutdown beyond sunrise. And...

What Crushed Stocks?

What Crushed Stocks? by Wolf Richter – Wolf Street Treasury yields don’t matter – until they do. Mortgage rates jump. On Friday at around 1:40 p.m., during whiplash-inducing market moves, the S&P 500 index was down 1.9%, bringing the total...

What Just Changed?

What Just Changed? by Charles Hugh Smith – Of Two Minds The illusion that risk can be limited delivered three asset bubbles in less than 20 years. Has anything actually changed in the past two weeks? The conventional bullish answer...