Archive for 2011

One Ounce Of Religious Non-Money Tradition = $1700

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

And while the world’s reserve currency, better known to various Chairsatans as “money” continues dropping to record lows courtesy of his dollarcidal tendencies, the “tradition” also known as a “barbarous relic” just passed $1,700. We will be sure to point out when it passes $1,800, $1,900 and $2,000 next.





One Ounce Of Religious Non-Money Tradition = $1700

Courtesy of ZeroHedge. View original post here.

And while the world’s reserve currency, better known to various Chairsatans as "money" continues dropping to record lows courtesy of his dollarcidal tendencies, the "tradition" also known as a "barbarous relic" just passed $1,700. We will be sure to point out when it passes $1,800, $1,900 and $2,000 next.





So Much For QE2: The Market Indexed For Dollar Devaluation Is Now Back To Jackson Hole Levels

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While the notional level of the market is still modestly higher than late August 2010, when indexed for that other component which everyone always forgets, yet which is an integral part of any net purchasing power calculation, the devaluation of the dollar, the S&P is now precisely at the levels at which Bernanke let QE2 loose with his Jackson Hole speech. Which means the time for QE3 has come. Of course, the notional value at the end will be that little bit higher, offset by yet another major drop in the value of the AA+ (outlook negative) US currency.





So Much For QE2: The Market Indexed For Dollar Devaluation Is Now Back To Jackson Hole Levels

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While the notional level of the market is still modestly higher than late August 2010, when indexed for that other component which everyone always forgets, yet which is an integral part of any net purchasing power calculation, the devaluation of the dollar, the S&P is now precisely at the levels at which Bernanke let QE2 loose with his Jackson Hole speech. Which means the time for QE3 has come. Of course, the notional value at the end will be that little bit higher, offset by yet another major drop in the value of the AA+ (outlook negative) US currency.





China Enters Bear Market

Courtesy of ZeroHedge. View original post here.

That is all.





China Enters Bear Market

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

That is all.





The Farce Is (Again) Complete: Former Obama Budget Chief Orszag Says Official Economic Projections “Too Optimistic”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

And so the comedy circle is complete yet again after none other than former White House budget chief Peter Orszag throws cold water in the face of the White House, the Treasury and everyone else who has so far been so stupid to continue to deflect blame for America’s horrendous fiscal situation purely on S&P and its “colossal $2 trillion mistake.” Because if the guy who up until a year ago personally came up with the White House’s voodoo numbers is telling you they are full of shit (the numbers, not the White House), perhaps it does put the administration’s claim that it is all S&P excel spreadsheet skills that are at fault, in a slightly different light.

  • ORSZAG: OFFICIAL U.S. ECONOMIC PROJECTIONS ‘TOO OPTIMISTIC’
  • PETER ORSZAG IS A FORMER WHITE HOUSE BUDGET CHIEF
  • CITIGROUP INC.’S PETER ORSZAG COMMENTS ON BLOOMBERG TELEVISION

In the meantime, as posted yesterday, enjoy the CBO’s far, far better predictive track record.





The Farce Is (Again) Complete: Former Obama Budget Chief Orszag Says Official Economic Projections “Too Optimistic”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

And so the comedy circle is complete yet again after none other than former White House budget chief Peter Orszag throws cold water in the face of the White House, the Treasury and everyone else who has so far been so stupid to continue to deflect blame for America’s horrendous fiscal situation purely on S&P and its “colossal $2 trillion mistake.” Because if the guy who up until a year ago personally came up with the White House’s voodoo numbers is telling you they are full of shit (the numbers, not the White House), perhaps it does put the administration’s claim that it is all S&P excel spreadsheet skills that are at fault, in a slightly different light.

  • ORSZAG: OFFICIAL U.S. ECONOMIC PROJECTIONS ‘TOO OPTIMISTIC’
  • PETER ORSZAG IS A FORMER WHITE HOUSE BUDGET CHIEF
  • CITIGROUP INC.’S PETER ORSZAG COMMENTS ON BLOOMBERG TELEVISION

In the meantime, as posted yesterday, enjoy the CBO’s far, far better predictive track record.





Swing trading virtual portfolio – week of August 8th, 2011

Reminder: OpTrader is available to chat with Members, comments are found below each post.

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here

Optrader 

Swing trading virtual portfolio

 

One trade virtual portfolio





Why The ECB’s Monetization Is Doomed In One Simple Chart

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

By now every Zero Hedge reader should be familiar with the two step process that is supposed to rescue Europe. First, the ECB will do more of the same whereby its SMP program will purchase billions in bonds, this time Italian and Spanish (after it already tried the same with Greek, Irish and Portuguese bonds) for temporary stabilization. Then, the EFSF will take over, and acquire up to the entire outstanding debt of all the PIIGS and whoever else afterward, with Germany ultimately footing the bill following the French downgrade from AAA which would make it an ineligible funder (and, hence, shortly thereafter: a drain). Well, the ECB is already pregnant to the tune of €74 billion. And shortly, this number will likely double, and taper out there in advance of the EFSF launch in 2 months. Yet as Bloomberg’s Michael McDonough demonstrates, the current ECB intervention has been nothing short of an abysmal disaster, with the ECB spending the abovementioned amount only to see average 10 Year peripheral rates double over the same time period. Alas, this is precisely what the chart will show once the SMP resumes and another €150 billion in worthless Italian and Spanish bonds is purchased (yes, none of our Centrally Planned leaders still get that IT.IS.ALL.ABOUT.CASH.FLOWS…. and far more importantly the lack thereof). Net result, spreads will likely double yet again, at which point Germany will say enough as the risk of cumulative 100% loss becomes non-trivial and the potential loss of up to 133% of its GDP forces Germany to close the curtains on the euro experiment. So prepare for a rip in bond yields tomorrow morning as the ECB goes hog-wild in secondary markets, only to be followed by a bleed wider in spreads first slowly, and then very, very fast.





 
 
 

Zero Hedge

Switzerland Prepares To Vote On "Free Lunch" For Everyone

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Claudio Gras via Acting-Man.com,

Will the Swiss Guarantee CHF 75,000 for Every Family?

In early June the Swiss will be called upon to make a historic decision. Switzerland is the first country worldwide to put the idea of an Unconditional Basic Income (of $2,500 per month for every man, woman, and child for doing absolutely nothing) to a vote and the outcome of this referendum will set a strong precedent and establish a landmark in the evolution of th...



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Phil's Favorites

Headlines to Ponder: ECB Warns of Populist Risk; French Authorities Raid Google

Courtesy of Mish.

What’s the real populist risk: Donald Trump and Nigel Farage?

How about the ECB, the European Commission, and the French authorities?

Perhaps a few headline stories can help answer the question.

ECB Warns of Populist Risk to Financial Stability

The Financial Times reports ECB Warns of Populist Risk to Financial Stability.

The ECB said in the latest edition of its twice-yearly Financial Stability Review that a rise in political risk “pose[s] a challenge to fiscal and structural reform implementation and, by extension, public debt sustainability”.

The report was published a da...



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Chart School

Equity Valuations, Recessions and Stock Market Declines

Courtesy of Doug Short's Advisor Perspectives.

Note: In response to an email, I've updated the data in this article through the March month-end numbers and at the launch of the Q1 2016 earnings season.

When I initiated the dshort web page in late 2005, one of my routine topics was equity valuations, initially inspired by Nobel laureate Robert Shiller's book, Irrational Exuberance, the second edition of which was published earlier that year. I gradually expanded my focus from his cyclically adjusted price-to-earnings ratio (CAPE) to include Ed Easterling's Crestmont P/E, Nobel laureate James Tobin's Q Ratio and m...



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ValueWalk

Wilbur Ross discusses Donald Trump's candidacy, and his investing strategy

By Jacob Wolinsky. Originally published at ValueWalk.


Wilbur Ross discusses Donald Trump’s candidacy, and his investing strategy

The post Wilbur Ross discusses Donald Trump’s candidacy, and his investing strategy appeared first on ValueWalk.

Sign up for ValueWalk's free newsletter here.

...

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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Global Stocks Broadly Higher, Reversing Early Losses (Wall Street Journal)

Global stocks climbed Tuesday, while the dollar strengthened against the euro and yen.

Shares, dollar climb as markets play Fed waiting game (Reuters)

European shares were heading for their best day in over a month on Tuesday as the waiting game to see whether the U.S. raises interest rates again next month sent the euro to its lowest since March.

Asian shares had stumbled to near 2-1/2-month lows ove...



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OpTrader

Swing trading portfolio - week of May 23rd, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Kimble Charting Solutions

Gold- Two-thirds odds prices fall on a support break

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

Since the peak in 2011, Gold remains in a downtrend, creating a series of lower high and lower lows.

Gold’s rally in 2016 is attempting to break this 5-year falling trend, as it is attempting to break a series of lower highs.

Over the past 6-months, Gold could be creating a rising wedge pattern. This pattern two-thirds of the time, suggests lower prices are ahead.

...

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Digital Currencies

The Biggest Bitcoin Arbitrage Ever?

Courtesy of Chris at CapitalistExploits

Do you remember when you were growing up and all your friends were allowed Atari game consoles but you weren’t?

Well, I do and the things seemed as foreign to me as Venus. Mostly because the little time I managed to spend on the gaming consoles when my friends weren’t hogging them I found it all a bit silly. I never “got” computer games, and to this day still have poor comprehension of things like Angry Birds.

I suspect that many people around the world view Bitcoin in the same way as I view Angry Birds: with mild amusement and a general lack of understanding as to what the hell all the fuss is about.

I was thinking of this since a buddy of mine recently started ...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Biotech

This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again

By 

Excerpt:

After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.

...



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Mapping The Market

About that debate last night

Although we try to stay focused on finding and managing promising trade ideas, the comments in the comment section sometimes take a political turn (for access, try PSW — click here!). So today, Jean Luc writes,

The GOP debate last night was just unreal – are these people running to be president of the US or to lead a college fraternity! Comparing tool size? The only guy that looks semi-sane is Kasich. The other guys are just like 3 jackals right now. 

And something else – if Trump is the candidate, that little Romney speech yesterday is probably already being made into a commercial. And all these little snippets from the debate will also make some nice ads! If you are a conservative, you have to be scared now. 

Phil writes back,

I was expecting them to start throwing poop at each other &n...



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Promotions

PSW is more than just stock talk!

 

We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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