Stock Market Trends

Stock Market Trends

Tactical Investor Volatility Index Readings are Soaring

Stock Market Trends: Volatility Index readings have surged to new a high (as shown in the header image above), which means that extreme behaviour in all areas can be expected in and out of the markets. Additionally, we added new psychological data points to the V-Indicator and we suspect that this new high could correspond to a new development in the Coronavirus outbreak. Let’s hope it’s a positive one.

The ETF Trend Portfolio is our most conservative portfolio, so in the light of recent developments, one of which is that V-readings have soared to new highs, we are going to err on the side of caution.  This is a dangerous development as over the past 12 months we added a new psychological component to this indicator, and this new high corresponds to the Coronavirus outbreak.

Stock Market Volatility readings

We are not in the “panic” generating business, so there is no need to panic, but this development could mean (operative word being “could”) that China is not telling the full story. The dangerous development is in regards to extreme market volatility; the market could shed several thousand points and then recoup these losses just as fast. Most traders are not prepared for this type of action, so when the market’s pullback strongly or appear to be crashing, they will throw the baby out with the bathwater and in doing so make a colossal mistake.

China Could be downplaying the situation

In all likelihood, China is releasing selective pieces of data, but in general, the world is used to this. However, what could trigger a sharp reaction from the markets is if this data proves to be damaging. There have been previous scares before and in each case, the markets sold off, but the sell-off proved to be a buying opportunity. The last sell-off was due to the Ebola virus scare back in Oct of 2018.

In the long run, this is not a negative development as the long term trend is still bullish, so if it comes to pass, we will have an opportunity to get into stocks and ETF’s at a discount.   We have adjusted pending sell orders, stops and in some cases, cancelled pending orders on the following ETF’s.  Bottom line while prudence is warranted, Panic is not; hence focus on the trend and ignore the noise.

Volatility Index readings are high but we are not going to follow the herd

Hence the statement below refers to several dangerous trends but not the ones that come straight to one’s mind:

This is a dangerous development as over the past 12 months we added a new psychological component to this indicator, and this new high corresponds to the Coronavirus outbreak.  Interim Market Update Jan 31, 2020

We want to clarify what we mean by dangerous (in the above statement) as we don’t want anyone to falsely assume that we are embracing some of the wild conspiracy theories being put forward regarding this virus.  We analysed the data thoroughly, especially the psychological data. We also looked at data evaluated by other level headed experts; many thanks to our subscribers for providing links to some of these experts, which once again solidifies our claim that we are fortunate enough to some have some of the best minds out there as part of our community.  We have concluded that the Coronavirus issue is being blown out of proportion.

Weaponised news; A dangerous trend with no end in sight

The first trend is that news is going to be weaponised to the extreme to support whatever narrative a given group of individuals have decided to embrace or force on a subset of the crowd. Secondly, as V-readings have no surged to new highs, the market will experience more random bouts of extreme volatility and this should be embraced when the trend is positive.

Thirdly, violence (as in wars, crime, etc), wild weather patterns will be more prevalent going forward and extreme and we mean extremely stupid behaviour is going to be embraced.  Lastly, polarisation levels are going to rise to such an extreme that we could reach a point where a simple disagreement set off something akin to a mini civil war.

Back to the Coronavirus issue:

In Asia, masks are selling out like hotcakes and we suspect many stocks that are in the vaccine creation field have experienced huge price increases. In other words, a group of companies are making out like bandits, while the masses being fleeced again. The data out there states that this virus has a mortality rate of 3% and no new data has come out refuting it.

Therefore we find it quite interesting that many financial experts with no background in medicine or psychology have gone out of their way to state that the situation is on the verge of becoming a pandemic.  Too many experts believe in the deep state, while there is an apparatus that could be called the “deep state”, their understanding of this topic is limited at best.

The way these power brokers work is to indoctrinate people, so the players are willing participants or blind participants (blind as in being mentally blind and not physically blind) which boil down to the same thing. These individuals are used as cannon fodder; the objective is achieved by pandering to their wild fantasies. This objective is achieved by allow Gossip artists to masquerade as reporters. In the old days, they would be called fisherwoman.

As of now, we have found no objective data that backs the many claims non- experts are pushing regarding the Coronavirus and the only dangerous trends we see are the ones we have addressed above. Could the situation change? Yes, anything is possible, but history reveals that most naysayers are full of hot air as the world was supposed to  have officially ended a long time ago

We had pandemics before so this is nothing new

As I am typing, people are dying all over the world. In the time it took me to type this sentence, more than 15 people died.  Seventy-eight thousand people have died today, and the number will rise to 80,000 or more by the time you get this update. So far this year 9,500,000 people have died, and that number rises every second. One could state that death is a pandemic, but no one is screaming about that issue. Smoking-related and or Cancer-related deaths could be also classified as a pandemic as more than 16.6 million will die this year from both, and yet no one makes a big deal (9.6 million from cancer and seven million-plus from smoking).

To date, roughly 2860 people have died from the coronavirus, and suddenly it’s the new Black Death. To be clear, we are not making light of the situation, but so much attention is being given to this one agent when compared to other agents of death.  Here is an interesting fact; there are twice as many new births as deaths on a global basis. Live data on world deaths, birth rates, coronavirus deaths, etc. can be obtained from here http://bit.ly/32wVaQA

High Volatility Index Readings: Use This To Your Advantage

There have been more than a dozen outbreaks since 1980 and with far deadlier outcomes in some instances, but if you look at the chart above, after a knee jerk reaction, the markets trended higher. Hence, the Tactical Investor saying;  “every disaster leads to a hidden opportunity” and the only way to spot that opportunity is not to give in to panic.  We envision a similar outcome for the coronavirus, the markets could still sell-off but that sell-off should be viewed through a bullish lens.

The mass mindset is hard wired to panic. One can overcome this shortfall by observing this behavior impartially and then ask this simple question “why am I doing something that has never led to a positive outcome”.  Secondly, as we have advocated for years, one should maintain a trading journal and the best time to put pen to paper or fingers to a keyboard is when the markets are tanking. Make a note of the emotions that are swirling through your mind. Jot down some of the headlines the media is pushing out and observe the reactions from your fellowman. This information will prove to be priceless in the weeks, months, years and decades to come.

The markets are trading in the extremely overbought ranges on the weekly charts, and in theory, they should let out some steam, but the monthly charts, for now, are exerting more upward pressure than they normally do. It should be noted that the weekly charts also move relatively slowly, so there is still time for the markets to let out some steam.

Courtesy of Tactical Investor

 

What Will The Stock Market Return In 2020?

It’s the most wonderful time of the year — when investment gurus unveil their predictions for what the stock market will return in the coming year.

We expect investment experts to have crystal balls that allow them to see how the stock market is going to perform in the future. Of course, they don’t have crystal balls, and their predictions often aren’t helpful.

The problem with expert predictions of the stock market isn’t that they are wrong — which they often are — the future is uncertain, and we shouldn’t expect anyone to predict it. The problem is that investors often listen to these predictions and base investment decisions on them.

There are better ways to cope with the uncertainty of the 2020 market than listening to predictions. Before we get to those, let’s review what we can predict and what we cannot.

What We Can Predict
While the stock market follows a cycle but defies prediction, history can provide insight into what we might expect from the markets in any given year.

The histogram below displays the dispersion of returns on the S&P 500 since 1928:
As you can see, in about two-thirds of the years, the market is up and about one-third of the time it is down. The distribution is roughly a bell curve with a positive skew and a fat left tail (meaning large negative returns happen more often than a bell curve would predict). Full Story

The Top 15 Stocks to Buy in 2020

Heading into a new year, all investors want to know is what stocks they should be buying.

At the beginning of this year, I attempted to answer that question by compiling a portfolio of the top 15 stocks to buy for 2020. In mid-February, that portfolio of stocks was up a whopping 22% year-to-date.

Then, the novel coronavirus outbreak went global. Russia and Saudi Arabia started an all-out oil price war. Financial markets across the globe fell off a cliff. So did my portfolio of top stocks to buy for 2020.

But, I think now may be as good a time as any to double down on these top stocks. Coronavirus headwinds are fleeting. They will pass. Once they do, these long-term growth stocks will get back to winning.

In no particular order, the top 15 stocks to buy for 2020 in March are:

  • Facebook (NASDAQ:FB)
  • Activision (NASDAQ:ATVI)
  • Luckin Coffee (NYSE:LK)
  • Beyond Meat (NASDAQ:BYND)
  • Netflix (NASDAQ:NFLX)
  • Pinterest (NYSE:PINS)
  • Canopy Growth (NYSE:CGC)
  • Square (NYSE:SQ)
  • The Trade Desk (NASDAQ:TTD)
  • Etsy (NASDAQ:ETSY)
  • Okta (NASDAQ:OKTA)
  • JD.Com (NASDAQ:JD)
  • Stitch Fix (NASDAQ:SFIX)
  • Nio (NYSE:NIO)
  • Snap (NYSE:SNAP)

Without further ado, then, let’s take a look where these top stocks to buy for 2020 are going next. Full Story

 

20 Predictions for the Stock Market in 2020

t’s a brand-new year, and boy, does 2020 have some big shoes to fill. Last year, we witnessed the benchmark S&P 500 (SNPINDEX:^GSPC) gallop higher by nearly 29%, which is quadruple the historic average annual return of the stock market, inclusive of dividend reinvestment and when adjusted for inflation.

The big question, of course, is what might the current year hold for the broader market and investors? The following 20 predictions for the stock market in 2020 may offer some insight.
1. There will be no recession in 2020
Probably the biggest question on investors’ minds is whether a recession is brewing. While that does look to be the case following a very brief inversion of the two-year and 10-year Treasury bonds in late August, data from Credit Suisse, dating back to 1978, shows that the average recession doesn’t pop up until 22 months after the inversion occurs. Similarly, stock market returns don’t turn negative until an average of 18 months after an inversion, putting the market on track to lose its steam during the first quarter of 2021 (assuming these averages hold true).

For the time being, the longest economic expansion in U.S. history looks poised to continue.
2. The stock market will have another positive year
Despite the stock market delivering returns that were well above the historic norms in 2019, this year should deliver more gains to investors. Full Story

Ric Ocasek, frontman of The Cars, dead at 75

Ric Ocasek, frontman of The Cars, dead at 75

NEW YORK (AP) — Ric Ocasek, The Cars frontman whose deadpan vocal delivery and lanky, sunglassed look defined a rock era with chart-topping hits like “Just What I Needed,” was discovered dead Sunday afternoon in his Manhattan apartment.

The New York Police Department said that officers found the 75-year-old Ocasek at about 4 p.m. after responding to a 911 call. They said there were no signs of foul play and that the medical examiner was to determine a cause of death.

The death comes a year after The Cars were inducted into the Rock & Roll Hall of Fame, followed by an announcement by model Paulina Porizkova on social media that she and Ocasek had separated after 28 years of marriage. The pair first met while filming the music video for “Drive,” another Cars hit.

Ocasek, who sang, played guitar and wrote most of the band’s songs, and Benjamin Orr, who played bass and also sang, were ex-hippie buddies who formed The Cars in Boston in 1976. They were a decade older than many of their modern-rock compatriots but became one of the most essential American bands of the late 1970s and 1980s with their fusion of new wave, 1960s pop and 1970s glam.

Ocasek’s minimalist, half-spoken deadpan vocals set made the band’s sound, and his long, lanky appearance formed their lasting image.

The first three songs on their 1978 self-titled first album were all hit singles and remain widely known classics and oldies radio airplay: “Good Times Roll,” ″My Best Friend’s Girl” and “Just What I Needed.” Full Story

 

Trump says US locked and loaded in response to drone attack

WASHINGTON (AP) — Tensions are flaring in the Persian Gulf after President Donald Trump said the U.S. is “locked and loaded” to respond to a weekend drone assault on Saudi Arabia’s energy infrastructure that his aides blamed on Iran.

The attack, which halved the kingdom’s oil production and sent crude prices spiking , led Trump to authorize the release of U.S. strategic reserves should they be necessary to stabilize markets. Full Story

 

As shock wears off, mental health concerns grow in Bahamas

HIGH ROCK, Bahamas (AP) — One woman and her husband huddled on top of a bedroom dresser for two days, surrounded by floodwaters.

Another man sat in his wheelchair for nearly 48 hours in water up to his chest, alone in his home.

A third rescued a friend who sat in shock when part of a building where they sought shelter blew away.

Stories of survival are trickling out across northern Bahamas as the initial shock wears off from Hurricane Dorian, one of the strongest Atlantic hurricanes in history. Full Story

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Big hit for oil prices – US blames Iran for Saudi strike

Big hit for oil prices - US blames Iran for Saudi strike

WASHINGTON (AP) — The U.S. tried to build its case Monday that Iran was behind the fiery weekend attack on key Saudi Arabian oil facilities that raised new war worries and sent energy prices spiraling worldwide. Iran denied responsibility, while President Donald Trump said the United States was “locked and loaded” to respond if necessary.

American officials released satellite images of the damage at the heart of the kingdom’s crucial Abqaiq oil processing plant and a key oil field, and two U.S. officials said the attacker used multiple cruise missiles and drone aircraft.

The Americans alleged the pattern of destruction suggested Saturday’s attack did not come from neighboring Yemen, as claimed by Iranian-backed Houthi rebels there. A Saudi military spokesman later made a similar accusation, alleging “Iranian weapons” had been used in the assault.

Iran rejected the allegations, and a government spokesman said there now was “absolutely no chance” of a hoped-for meeting between Iranian President Hassan Rouhani and Trump at the U.N. General Assembly next week.
For his part, Trump sent mixed signals, saying his “locked and loaded” government waited for Saudi confirmation of Iran being behind the attack while later tweeting that the U.S. didn’t need Mideast oil “but will help our Allies!”

One U.S. official, speaking on condition of anonymity to discuss internal deliberations, said the U.S. was considering dispatching additional military resources to the Gulf but that no decisions had been made. Full Story

 

Warren offers anti-corruption plan central to her campaign

NEW YORK (AP) — Elizabeth Warren has released a proposal aimed at government corruption, providing a detailed policy roadmap for a fight she says is at the core of her presidential campaign.

The Democratic senator from Massachusetts is announcing the plan Monday in Manhattan’s Washington Square Park, near the site of the Triangle Shirtwaist Co., which caught fire in 1911, killing 140-plus workers. Many of those deaths later were attributed to neglected safety features, such as doors that were locked inside the factory. Full Story

 

Auto strike idles more than 50 GM factories and warehouses

DETROIT (AP) — More than 49,000 members of the United Auto Workers went on strike Monday against General Motors, bringing more than 50 factories and parts warehouses to a standstill in the union’s first walkout against the No. 1 U.S. automaker in over a decade.

Workers left factories and formed picket lines shortly after midnight in the dispute over a new four-year contract. The union’s top negotiator said in a letter to the company that the strike could have been averted had the company made its latest offer sooner. Full Story

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Boeing 737

Boeing 737 800

Boeing (BA) CEO Dennis Muilenburg has once again reiterated his expectations about the 737 MAX resuming services in the fourth quarter. Muilenburg made the comments during an investor conference in California on September 11, according to CNBC.

https://www.youtube.com/watch?v=KVQz3RKrUfwHowever, he warned that the timetable of the jet’s return could be different in every country, given the disparity among regulators, reports CNBC. Muilenburg said, “I think the phased ungrounding of the airplane amongst regulators around the world is a possibility.”

Boeing is awaiting safety approval for the 737 MAX, which has been under a global flying ban since mid-March after a software problem caused two deadly accidents within five months. Once Boeing updates the software, world regulators will scrutinize it before approving the model to fly again.

The quick return of the MAX is critical for Southwest Airlines (LUV), American Airlines (AAL), and United Airlines (UAL). Together, the three airlines own 72 Boeing 737 MAX planes. They have suffered over 35,000 flight cancellations since the MAX’s grounding, costing them millions of dollars in foregone revenue and operating profit.

Why could the 737 MAX’s return be in phases?
Muilenburg’s concerns look realistic given the changing circumstances. On September 3, The Wall Street Journal reported that Boeing “failed to provide technical details and answer specific questions about modifications in the operation of MAX flight-control computers.” It added that regulators from the US, Europe, Brazil, and many other countries cut short Boeing’s August briefing. Full Story

Indonesia blames Malaysian companies for some forest fires

JAKARTA (Reuters) – Indonesia on Friday blamed four Malaysian companies, including the world’s biggest producer of sustainable palm oil, for causing some of the forest fires within its borders, in an escalating row between neighbours over regional haze.

Malaysia has said Indonesian forest fires are responsible for the smoky haze that has caused air quality to drop to unhealthy levels in certain parts of the country. Indonesia has dismissed those claims, saying fires within Malaysia are causing the pollution. Full Story

 

2020 Dem Debates: Round Three

Round three of the Democratic debates is scheduled for 8 p.m. EDT Thursday at Texas Southern University in Houston. It’s the first debate to be contained to one night, and is expected to take three hours. 10 candidates will be on stage; former Vice President Joe Biden (DE), Senator Elizabeth Warren (MA), Sen. Bernie Sanders (VT), Sen. Kamala Harris (CA), South Bend Mayor Pete Buttigieg (IN), former Congressman Beto O’Rourke (TX), businessman Andrew Yang (NY), Sen. Cory Booker (NJ), former Housing and Urban Development Secretary Julian Castro (TX), and Sen. Amy Klobuchar (MN). Full Story

 

Asian markets move higher on hopes for a cooling trade war

Hong Kong (CNN Business)Asian stocks rallied Friday on continued hopes for a break in the US-China trade war.

Hong Kong’s Hang Seng (HSI) was up 0.3% at market open, gaining ground after posting losses Thursday. Japan’s Nikkei (N225) jumped nearly 1%.
Markets in mainland China and South Korea were closed for holidays. Full Story

Syria Turkey: offensive: Syrian army heads north after Kurdish deal

Syria Turkey

Syria Turkey: Syrian government forces have started to reach the north of the country, hours after the government agreed to help Kurdish forces facing Turkey.

Syrian state media say government forces entered Ain Issa on Monday, 30km (19 miles) south of the Turkish border.

The deal came after the US, the Kurds’ main ally, said it would withdraw its remaining troops from northern Syria.

Turkey began an offensive in the region last week, aiming to push Kurdish forces from the border region.

Areas under the control of the Kurdish-led Syrian Democratic Forces (SDF) came under heavy bombardment over the weekend, with Turkey making gains in two key border towns.

Dozens of civilians and fighters have been killed on both sides.

The US announced on Sunday it was preparing to evacuate its 1,000 remaining soldiers from northern Syria.The Turkish offensive and US withdrawal have drawn an international outcry, as the SDF were the main allies of the West in the battle against the Islamic State (IS) group in Syria.

There have been fears about a possible resurgence of the group amid the instability. On Sunday Kurdish officials said nearly 800 relatives of foreign IS members had escaped from a camp in Ain Issa, where the Syrian army reportedly has now reached.

Turkey views elements of the Kurdish groups as terrorists and says it wants to drive them away from a “safe zone” reaching 32km into Syria. Full Story

 

The K-pop star Sulli has died aged 25

Police told the BBC the singer’s manager found her dead at her home near Seoul, South Korea.

They say they are investigating the cause of her death and are working on the ‎assumption that she may have taken her own life.‎

The star, who had more than five million followers on Instagram, was a former member of the band f(x) until she left in 2015 to focus on her acting career. Full Story

 

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France pension reform: huge jams

France pension reform

Macron pension reform: Paris paralysed by massive strike

The French capital is seeing huge jams and massive crowds on the few metro lines running as transport workers strike against planned France pension reform.

Ten of Paris’s 16 lines were shut and service on the others was disrupted.

Many workers cycled, walked or stayed at home, while free rides were on offer on transport operator RATP’s e-moped and Uber’s e-bike and scooter networks.

The strike, the biggest since 2007, is the first big act against President Macron’s plan for a universal pension.

It would replace dozens of different pension schemes for different professions.

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Members of other professions including lawyers, airline staff and medical workers have called for more strikes starting on Monday.

What is the situation in Paris?
There were 235km (145 miles) of traffic jams in the Paris region, officials said, more than double normal levels.

Local media showed photos of crammed platforms on four metro lines, where some trains were running.

Le Parisien newspaper said a legal requirement to maintain a minimum level of service – in place following a big strike in 2007, which was also against a pension overhaul – was not being fulfilled.

Three of the city’s five regional rail lines, run by national rail operator SNCF, were running as normal but the two other lines were offering a reduced rush hour service and no trains at all during the rest of the day. Full Story

Myanmar’s deadly ‘jade rush’

The world’s biggest jade mines are found in the restive Kachin state in Myanmar.

BBC Burmese gained rare access to area where mountains have been turned into moonscapes. Full Story

South Africa sexual violence protesters target stock exchange

People campaigning over the high levels of violence against women in South Africa have taken their protest to the financial heart of the country.

Hundreds have gathered outside the Johannesburg Stock Exchange to call on the country’s big firms to do more to tackle gender inequality. Full Story

 

Malaria vaccine in Kenya – a potential game-changer

The world’s first malaria vaccine is being rolled out in parts of Kenya from Friday, after previously being released in Ghana and Malawi.

It will be added to the routine vaccination schedule, and more than 300,000 children are expected to receive the vaccine over the next three years. Full Story

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Hotels in new Orleans near Bourbon street

Hard Rock Hotel under construction in New Orleans

Hotels in new Orleans near Bourbon street: A large portion of a Hard Rock Hotel under construction in New Orleans collapsed Saturday morning, killing at least two people and injuring 20 others, authorities said. The building bordering the city’s historic French Quarter is considered unstable and officials said further collapse is possible.

Three people were initially reported missing, though one has since been found, according to the New Orleans Fire Department. Authorities said no one on the ground was injured in the collapse.

According to Mayor LaToya Cantrell, 112 people were in the building at the time of collapse. Though the search for those missing was suspended for the evening, Cantrell confirmed that rescuers found two bodies but were unable to retrieve them.

Streets surrounding the site were closed and some buildings were evacuated, including the nearby 145-year-old New Orleans Athletic Club.

CBS affiliate WWL shared video of the collapse which showed construction workers running for their lives as the parts of the hotel came crashing down.

Governor John Bel Edwards was at the scene urging residents to stay away from the area. “I’m just asking for everybody to pray for those who are at the hospital,” Edwards told reporters.

Mayor Cantrell issued a statement saying “our hearts break for the loss of life.”

Construction plans for the 350-room hotel include a 12,000 square foot event space, two ballrooms and a residential space, according to a news release. Full Story

Kurds fighting Turks after U.S. withdrawal

The U.S. plans to withdraw 1,000 troops from northern Syria. Donald Trump tweeted on Sunday that it’s “very smart not to be involved in the intense fighting.” Turkish soldiers are attacking Kurdish fighters, who helped the U.S. combat ISIS. It’s estimated 130,000 people have been displaced due to violence. Roxana Saberi reports. Full Story

 

Nobel Prize in economics 2019 goes to Abhijit Banerjee, Esther Duflo and Michael Kremer

Stockholm — The 2019 Nobel Prize in economics was awarded Monday to Abhijit Banerjee, Esther Duflo and Michael Kremer for pioneering new ways to alleviate global poverty. Banerjee and Duflo are at the Massachusetts Institute of Technology, while Kremer, an American is at Harvard University. The three have often worked together. Full Story

 

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Religious right sticks by Trump as political heat rises

Religious right sticks by Trump as political heat rises

Religious right sticks by Trump as political heat rises: As the threat of impeachment looms, President Donald Trump is digging in and taking solace in the base that helped him get elected: conservative evangelical Christians who laud his commitment to enacting their agenda.

Prominent evangelicals who have proven Trump’s most stalwart allies are staying in his corner for the impeachment fight, even as some push back against his withdrawal of U.S. troops from northern Syria — a move that imperils scores of Kurdish Muslims and Christians in the region.

Although Trump’s Syria pullback is alarming conservative Christians whose support he needs to win reelection, their rallying against his impeachment indicates a bond that appears strong enough to withstand the current foreign policy rift as 2020 balloting nears. Full Story

NTSB: Firm tied to collapsed Miami bridge wasn’t qualified

MIAMI (AP) — The firm that reviewed the design of a Miami university bridge that collapsed and killed six people last year was mistakenly listed in a Florida state report as qualified for that type of project even when it wasn’t, federal documents show.

The National Transportation Safety Board released nearly 6,300 pages of reports Tuesday examining the role of each contractor in the construction of the pedestrian bridge at Florida International University that collapsed March 15, 2018 onto eight cars.

NTSB says the Florida Department of Transportation listed the company Louis Berger Group, Inc. on a website-generated report as prequalified to evaluate the construction of a complex concrete bridge. FDOT told investigators it was a “technical error” on its website, as the company was not actually allowed to review that project.

In emails between FDOT representatives and an NTSB investigator, the state’s transportation department said firms involved in the project should not have simply relied on the website as proof of Louis Berger’s credentials, and should have done their own due diligence, such as seeing an actual letter of qualification from the state. Full Story

Brexit Boris Johnson Prime Minister

Brexit Boris Johnson Prime Minister

Brexit Boris Johnson Prime Minister: EU countries have agreed to “intensify” Brexit talks with the UK over the next few days.

The development comes after a meeting in Brussels between Brexit Secretary Steve Barclay and EU chief negotiator Michel Barnier, described by both sides as “constructive”.

But UK Prime Minister Boris Johnson said there was “a way to go” before a deal could be reached.

The UK is due to leave the EU at 23:00 GMT on 31 October.

A European leaders’ summit next week is seen as the last chance to agree a deal before that deadline.

Mr Johnson put forward revised proposals for a deal last week, designed to avoid a hard border on the island of Ireland after Brexit.

Speaking on Friday, he said there was not “a done deal”, adding: “The best thing we can do now is let our negotiators get on with it.”
In a statement, the European Commission said: “The EU and the UK have agreed to intensify discussions over the coming days.”

BBC Brussels correspondent Adam Fleming said that, although there would be a “measure of confidentiality”, EU states would still be briefed on any developments.

In Paris, French President Emmanuel Macron was asked if there was hope of a deal, replying: “Let’s wait for the next few hours.”

Meanwhile, the pound rose to a three-month high against other major currencies, amid increased investor optimism over an agreement. Full Story

Nobel Peace Prize: Ethiopia PM Abiy Ahmed wins

The 2019 Nobel Peace Prize has been awarded to Ethiopian Prime Minister Abiy Ahmed who made peace last year with bitter foe Eritrea.

He was awarded the prize for his efforts to “achieve peace and international cooperation”.

Mr Abiy’s peace deal with Eritrea ended a 20-year military stalemate following their 1998-2000 border war.

He was named as the winner of the 100th Nobel Peace Prize in Oslo, where he will receive the award in December. Full Story

 

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Most Hated Stock Market Bull can’t be stopped by weak economy

Permabear – A Special Kind Of A Stupid One

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Nothing about 1987 stock market crash anniversary

Nickel Stocks Has Put In A long Term Bottom

AMD vs Intel

BitCoin VS Precious Metals

Ebola Congo: Ebola virus now squeezed into ‘corner’

Ebola Congo: Ebola virus

Ebola Congo: Efforts to halt an Ebola epidemic in the Democratic Republic of Congo have made “significant progress”, with the virus now contained to a far smaller and mainly rural area, the World Health Organization (WHO) said Thursday.
“We have put the virus in the corner,” Michael Ryan, the executive director of WHO’s Health Emergencies Programme, told reporters in Geneva.

“I believe we have really squeezed the virus into a much smaller geographical area,” he said.

Ebola is now essentially only transmitting within an area of eastern DRC between Mambasa, Komanda, Mandima and Beni, he said.

DRC’s latest Ebola epidemic, which began in August 2018, has killed 2,144 people, making it the second deadliest outbreak of the virus, after the West Africa pandemic of 2014-2016.

At the height of the latest outbreak, 207 “health zones” were affected by Ebola, a figure that now stands at only 27, Ryan said.

But he stressed that despite a “much lower level of transmission”, the danger was not over.

“The fact that it is a smaller space is positive, but … the disease has moved into more rural and more insecure areas,” he warned.

Ebola fighters have been hindered by militia attacks in eastern DRC, as well as by resistance in communities to some of the methods used to rein in the virus.

‘Kill the virus’

“Containing a virus is a different prospect than to eliminate that virus from human populations,” Ryan said. Full Story

Ukraine president: ‘No blackmail’ in conversation with Trump

KYIV, Ukraine (AP) — Ukraine’s president insisted Thursday that he faced “no blackmail” from President Donald Trump in their phone call that helped spark an impeachment inquiry, distancing himself from the U.S. political drama and trying to claw back his own credibility. Full Story

GM workers worry about paying bills as strike continues

TOLEDO, Ohio (AP) — Nearly four weeks into the United Auto Workers’ strike against General Motors, employees are starting to feel the pinch of going without their regular paychecks.

They’re scaling back at the grocery, giving up on eating at restaurants and some are taking on part-time jobs while trying to get by on weekly strike pay of $250. Full Story

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