Here's why Bitcoin will soar soon now.

[BADecker]

Here's why Bitcoin will soar soon now.

"There Were No Calls, That's Absolutely Crazy": How The Stock Market Died

At least that is the impression one gets from walking around Wall Street's formerly busy trading desks (certainly the formerly biggest trading floor in the world, that of UBS, now hauntingly empty) where these days one can hear a pin drop. Take the Credit Suisse Prime Brokerage desk in Manhattan for example: here, as BusinessWeek reports in its 1987 anniversary issue, "the phones hardly seem to ring anymore." In fact, if one didn't know better, one could assume that instead of all time highs, the market has just experienced another spectacular crash resulting in a universal trading revulsion.

Credit Suisse's hedge fund clients don't call about Donald Trump's tweetstorms and the stock market or ask what to do when terrorists attack. And there was barely a whiff of panic when North Korea erupted in August. "Two rockets flew over the land mass of Japan and nothing happened," says Mark Connors, Credit Suisse's global head of risk advisory.
Connor's assessment, in not so many words, the market has died: "There were no calls. That's absolutely crazy."

Read more at http://www.zerohedge.com/news/2017-10-16/%E2%80%9Cthere-were-no-calls-that%E2%80%99s-absolutely-crazy%E2%80%9D-how-stock-market-died.

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Sears Crashes After Second Largest Shareholder Resigns From Board

For those who may have missed it, late last week, in a scenario right out of the last days of Toys "R" Us, some of Bon-Ton Stores's suppliers reportedly scaled back shipments and asked to be paid sooner in order to protect themselves from potential losses in case the department-store chain unexpectedly filed for bankruptcy, Bloomberg reported on Friday.

The suppliers have insisted on getting paid with letters of credit or cash on delivery, which can be a drain on the company's resources, said the people, who asked not to be named because the matter is private. The demands come just as the chain enters the key holiday-shopping season in the U.S. "We maintain constructive relationships with our vendors," Christine Hojnacki, a spokeswoman for the York, Pennsylvania-based company, said in a statement. "Our team has been working closely with all of our vendors, large and small, as we build inventory ahead of the holiday season."
Unlike Toys, however, Bon-Ton's inevitable default has already been largely priced in, and the news of the supplier strike had a modest impact on Bon-Ton's $350 million of 8% second-lien bonds due 2021 which dropped "ony" 2.5 cents to trade at 32.6 cents on the dollar Friday.

Read more at http://www.zerohedge.com/news/2017-10-16/sears-crashes-after-second-largest-shareholder-resigns-board.