Gunman screaming ‘Allahu Akbar’ opens fire in Spanish supermarket

A GUNMAN has opened fire in a Spanish supermarket while shouting “Allahu Akbar”, police have said.

The man was reportedly carrying gasoline and gunpowder in his pockets as he entered the Mercadona shop, in As Lagoas, Ourense.

Numerous shoppers were inside making their purchases when the assailant, who was armed with a shotgun, entered and fired several shots. Continue reading

Coming Soon To A Checkout Lane Near You: Stock Giftcards

This is tantamount to predatory sales of high interest credit cards to young college students. What’s going to be interesting is how the naïve “investors” may not realize the tax implications and are going to get hit for capital gains. What if there’s a “buy” or “sell” option for cards? The average person on the street might not know these basic fundamentals. Legal ramifications involving shareholder revolts and lawsuits could also get a little interesting for companies as well.

Are age limits still going to apply? Depending on what state you live in, the age limit is 18 or 21 for buying, selling and trading.

There’s many questions and this will definitely be something to keep tabs on. Wall Street has just entered into ‘desperate mode’.

 

As we noted this morning, in the New Normal world, the only marginal buyer of Index futures are central banks [and] when it comes to individual stocks, the biggest buyer is the company itself.

The retail “dumb money” abandoned ship long ago after watching 40% of their 401ks go up in smoke on the heels of a meltdown catalyzed by the implosion of the American home ownership dream which, thanks to the Fed and Wall Street, had been supercharged and securitized. To the extent the turmoil in September and October of 2008 didn’t drive the individual investor permanently onto the sidelines, the subsequent realization that the entire “market” is nothing but a giant casino being manipulated at every turn by greedy cabals with names like “The Cartel” finished the job.  Continue reading