A Rotation Of Money Is Underway
Mike Larson, Editor of the Safe Money Report shares his thoughts on the rotation of money that is underway in the markets. Utilities and consumer staples have been performing very well. Add in the weakness in commodities it all could be foretelling us of a tough time ahead for the overall economy.
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Little guys get even……..lol
SAN FRANCISCO (AP) — More than a thousand Google employees have signed a letter protesting the company’s secretive plan to build a search engine that would comply with Chinese censorship.
The letter calls on executives to review ethics and transparency at the company.
The letter’s contents were confirmed by a Google employee who helped organize it but who requested anonymity because of the sensitive nature of the debate.
The letter says employees lack the information required “to make ethically informed decisions about our work” and complains that most employees only found out about the project — nicknamed Dragonfly — through media reports.
The letter is similar to one thousands of employees had signed in protest of Project Maven, a U.S. military contract that Google decided in June not to renew.
recall this adage: For every failed mine, there was a positive feasibility study.
Jim Rogers:
Chris Martenson:
WASHINGTON (AP) — President Donald Trump says he’s asking federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense.
In a tweet early Friday, Trump said that after speaking with several top business leaders, he’s asking the Securities and Exchange Commission to determine whether shifting to a six-month reporting requirement would help companies grow faster and create more jobs.
Trump later told reporters the idea was especially urged on him by Indra Nooyi, a prominent business figure who is CEO of PepsiCo, who is stepping down in October.
“So we’re looking at this very, very seriously,” Trump said. “We’re looking at two times a year rather than four times a year.”
The SEC requires public companies to report profit, revenue and other figures publicly every three months. The requirement dates to the establishment of the agency in the 1930s Great Depression, as a way to give investors confidence in company information.
Experts have long asserted that the practice of companies publicly forecasting every quarter how they expect earnings to shake out puts too much stress on short-term performance and stock price gains. That can pressure executives to engage in reckless practices to hit quarterly targets or even to manipulate earnings reports. But quarterly reports on results are distinct from the so-called earnings guidance that company executives provide as a forecast.
Scrapping the quarterly requirement “is a solution in search of a problem
6 months to hide more false data. No need for corporate stocks. Nust hire your broker who buys you an ETF or Mutual Fund that may or may not have your money invested kind of like Madoff. Forget investing. Justbsend your money to a banker and do the the filing of your last tax return since that is the end of your income when your job is offshored, hour pension plan failed , uour house foreclosed and your favorite charity to help you is no longer funded. Go to the train station for the one way trip. Save yime and trouble and send your gold teety to the Fed begore your shower. The Private Fed.
THAT WAS QUICK, even for an ambulance chaser!
– 9 minutes ago
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Tesla, Inc. (“Tesla” or “the Company”) (NASDAQ:TSLA) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Tesla CEO Elon Musk tweeted on August 7, 2018, “Am considering taking Tesla private at $420,” and “funding secured.” The lawsuit alleges that despite Musk’s tweets, no funding had been secured to take Tesla private at $420 per share. Musk also falsely claimed that “investor support is confirmed.” Both the SEC and Tesla’s board of directors are reportedly investigating Musk’s tweets on the matter. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Tesla, investors suffered damages.
David Morgan
Most investor blew it in 2015/16 and they will likely blow this second chance:
GDX:SPY
http://schrts.co/UCWYsb
Great chart, Matthew! Now should I buy more NGD, USAS, OR, AEM, HL, NSRPF, AUG, MUX, etc.? So many bargains I don’t know what to buy…
Virtually all will do well but being selective can really pay off.
HUI
http://schrts.co/y5Wr99
MXSG getting some CPR today
Yep. Looking forward to Mexus getting more traction moving forward.
Gold will have to rise a bit before the miners will really get moving.
GLD
http://schrts.co/8R3QuA
God will have to have mercy.
OFF Topic:
US Regulators Target Facebook On Discriminatory Housing Ads
Associated Press – 19 minutes ago
NEW YORK (AP) — Federal regulators have served Facebook with a complaint alleging the company’s advertising tools allow landlords and real estate brokers to engage in housing discrimination.
Justice Department lawyers disclosed the complaint by the Department of Housing and Urban Development on Friday in a court filing made in a lawsuit brought against Facebook by advocacy groups last spring.
The lawsuit says Facebook’s systems allow people placing real estate ads to exclude certain audiences from seeing them, like families with young children or disabled people.
In its filing Friday, the Justice Department took the side of the advocates, saying the company was enabling advertisers to violate housing laws.
CFS Comment: I met Malcolm X twice in my life. He was no Gandhi, even though he was partly responsible for changing attitudes in the U.S. I was reminded today of one of his quotes:
“Be peaceful, be courteous, obey the law, respect everyone; but if someone puts his hand on you, send him to the cemetery.”
― Malcolm X
I also remind folks that Malcolm X’s religion was Muslim. !!!
Finally a look at money flows into Marijuana stocks
https://thearorareport.com/chart-money-flows-cannabis-stocks-08072018
Correct, Malcolm X was no Gandhi. But you make that sound like a bad thing.
https://youtu.be/XG2bKiRu48Y?t=125
Thank you Matthew. I had not watched that video and knew some of gandhi’s story, but not all reported by Molyneux.
I wonder a little bit about Stefan’s accuracy, however, since the Gandhi family was clearly revered in India, as marked by his children being accepted as leaders.
At least Gandhi knew the value of flax seeds and the dangers of vaccines.
Stick it in your Ear Citi and BofA…..
https://www.zerohedge.com/news/2018-08-17/louisiana-bans-bofa-citi-bond-sale-over-restrictive-gun-policies