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It looks like ‘Y2K all over again’ for stocks as evidence of an imminent crash continues to pile up

“Back in January, Hussman warned of a whopping 67% plunge in equities he saw resulting from overextended equity market conditions” writes Joe Ciolli for businessinsider.com. One particularly jarring measure — and a favorite of Hussman’s — looks at Robert Shiller’s traditional, cyclically-adjusted P/E ratio (CAPE), but adjusts earnings for variations in implied profit margin.The last time it happened, it marked the so-called “double top” that preceded the subsequent market crash.Going beyond post-correction trading parallels, Leuthold has its eyes on another market driver: robust profit growth. Source: businessinsider.com Share This:

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A Chinese Boeing 737 has reportedly crash landed at Manila International Airport

“A Xiamen Airlines jet has crashed while landing at Manila’s Ninoy Aquino International Airport, CGTN reported” writes Benjamin Zhang for businessinsider.com. The Xiamen Airlines plane was at the conclusion of a two-and-a-half-hour flight from the southern Chinese city of Xiamen when the incident reportedly took place.The flight reportedly involved in the incident is CXA8667. Source: businessinsider.com Share This:

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Police question man on suspicion of terrorism over Westminster crash

“Police are continuing to question a man over a suspected terrorist attack in Westminster, after the investigation went nationwide with raids on addresses in Nottingham and Birmingham” writes Frances Perraudin for theguardian.com. CCTV footage showed the car swerving across a central reservation near Parliament Square and then accelerating down St Margaret Street before crashing into barriers.Both Cressida Dick, the Metropolitan police commissioner, and Sadiq Khan, the mayor of London, suggested that Parliament Square could be pedestrianised, at least in part, to prevent similar attacks in future. Source: theguardian.com Share This:

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Second World War plane found after 72 years as heatwave melts Swiss snow

“A Second World War plane that crash landed in Switzerland has been uncovered after 72 years thanks to the recent heatwave” writes Telegraph View for telegraph.co.uk. The American C-53 Skytrooper, a military transport plane also known as a Dakota, was flying from Tulln in Austria to the Italian city of Pisa on November 18 1946 when a snowstorm forced the pilots to crash land onto the Gauli Glacier in the Bernese Alps at a speed of around 174mph.All those on board, which included eight passengers and four crew members, were…

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U.K. Police Are Investigating a Crash Near Parliament as Terrorism

“The first two of those attacks were attributed to Islamist militants; the third to an anti-Muslim activist” writes Yasmeen Serhan for theatlantic.com. If the incident is determined to be terrorism-related, it will be the second in London in 11 months, following the non-fatal explosion on the London Tube in September.More significantly it has striking parallels to the fatal attack in March 2017: Not only was it in the same area, but also carried out using a vehicle. Source: theatlantic.com Share This:

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Car crash into pedestrians, cyclists outside parliament in London treated as terrorism

“Donovan Parsons, a cameraman for ITV’s “Good Morning Britain,” was filming outside Parliament when he heard a loud crash” writes Jill Lawless for sun-sentinel.com. “I saw the car crash into the barrier outside Westminster Palace, with smoke coming out of the vehicle.Eyewitnesses said the silver car was traveling at high speed when it hit pedestrians and cyclists, then crashed into a barrier designed to protect Parliament from vehicle attack. Source: sun-sentinel.com Share This:

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Several people have been injured and police arrested a suspect after a car crashed near the UK Houses of Parliament

“Masood crashed his car into the fence outside New Palace Yard and fatally stabbed an unarmed police officer before being shot dead” writes Rosie Perper for businessinsider.com. Sky News broadcast footage appearing to show a man being detained after the crash, whom the network circled in red. Source: businessinsider.com Share This:

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A bunch of millennials who use hot startups to manage their investments are getting whacked by Turkey’s currency crisis

“Emerging-market assets from currencies to stocks also sold off as investors wondered what Turkey’s currency trouble would mean for other countries” writes Akin Oyedele for businessinsider.com. VWO’s decline since last week Monday has cost Betterment and Wealthfront investors $66.4 million, based on the sizes of their positions in regulatory filings.The two companies are the fifth and eighth-largest investors in VWO, according to their most recent regulatory disclosures.Even with this paper loss, many analysts don’t expect Turkey’s woes to cause significant damage to other emerging markets. Source: businessinsider.com Share This:

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FBI recovers flight data recorder from crash site

“Seattle FBI agents have recovered the flight data recorder and components of the cockpit voice recorder from the Horizon plane that was stolen and crashed by a 29-year-old airport worker on Friday night” writes Associated Press In for theguardian.com. In recorded comments to air traffic controllers, the 29-year-old Seattle-area resident had indicated he intended to crash the plane. Source: theguardian.com Share This:

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