Survey: Investor Optimism Highest Since Crash of ’87

"The difference between bulls and bears hasn't been this high in 30 years, according to Investors Intelligence. The last time investor sentiment was this far apart, stocks rallied – until they didn’t. The Dow Jones Industrial Average collapsed 22 percent on Oct. 19, 1987, the worst one-day selloff in history. Euphoria is a dangerous stage in the market cycle -- when investors feel invulnerable and start to overpay for stocks. They become complacent with the expectation that they can sell their stocks to a 'bigger sucker.'"

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Purged Saudi prince said Bitcoin would ‘implode’ last week

"'It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision' of any central bank, Alwaleed said in an interview on CNBC's 'Squawk Box.' 'I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making,' Alwaleed said."

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High taxes on legal pot in California could mean black market will thrive

"State and local taxes on marijuana could surpass 45% in some parts of California, jeopardizing efforts to bring all growers and sellers into a state-licensed market in January, according to the global credit ratings firm Fitch Ratings. The report said that increased enforcement may blunt the illegal market, 'but high taxes may complicate such efforts by diverting in-state sales to the black market.'"

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Big-Spending Republicans Seek Tax Hikes on Blue States

"If your income is between $100,000 and $200,000, for example, those extra taxes may represent what you would have saved for your child’s college tuition, meaning you’ll have to borrow it instead. Or, it might mean the difference between hiring that extra employee to grow your small business. It’s precisely these people, who are by no means rich, who will bear the brunt of the GOP’s politically-motivated tax redistribution. And it just so happens that policies like this one further insulate the very richest 1 percent from the competition represented by upwardly mobile 10 percenters, many of whom work seven days a week to rise out of paycheck-to-paycheck, wage-earner status."

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Bermuda offshore wealth firm reveals 2016 hack of client data

"According to Appleby's website, its experts advise global public and private companies, financial institutions, and 'high net worth' individuals. A profile on Chambers and Partners says its clients include financial institutions, FTSE 100 and Fortune 500 companies."

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Facebook Is Looking for Employees With National Security Clearances

"Facebook plans to use these people -- and their ability to receive government information about potential threats -- to search more proactively for questionable social media campaigns ahead of elections, according to the person, who asked not to be identified because the information is sensitive. A Facebook spokesman declined to comment. Job candidates like this are often former government and intelligence officials or contractors."

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Spain Dismisses Catalonian Government, Dissolves Parliament, Fires Police Chief

"Spain dismissed Catalonia's president and Cabinet and dissolved its Parliament on Friday hours after lawmakers in the autonomous region defied Madrid and voted overwhelmingly to declare independence. Spanish Prime Minister Mariano Rajoy called new elections and fired the Catalan police chief, as part of an unprecedented package of measures to seize control of the renegade administration in Barcelona. The European Union has backed Madrid in its handling of the crisis. The United States also voiced its support for the Madrid government."

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50,000% return: Assange thanks US for forcing him to invest in Bitcoin

"In his tweet, Assange called out current and former senators John McCain and Joe Lieberman, respectively, for forcing him into seeking alternative sources of funding which turned out to be a blessing in disguise. At the time, Lieberman called for the Department of Justice to indict Assange under the 1917 Espionage Act and sought his extradition from the UK for leaking US Embassy cables."

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Russia Issuing ‘CryptoRuble’

"According to the official, the state issued cryptocurrency cannot be mined and will be issued and controlled and maintained only by the authorities. The CryptoRubles can be exchanged for regular Rubles at any time, though if the holder is unable to explain where the CryptoRubles came from, a 13 percent tax will be levied. The same tax will be applied to any earned difference between the price of the purchase of the token and the price of the sale."

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Saudi Prince says Bitcoin is ‘just going to implode one day’

"Alwaleed said bitcoin 'doesn’t make sense. This thing is not regulated, it’s not under control, [and] it’s not under the supervision' of any central bank. Of course, to bitcoin proponents, those same criticisms are features rather than bugs."

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