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Archive for 2012

Dollar, Gold and Gasoline: Much Ado About Nothing

Courtesy of www.econmatters.com.

By EconMatters

U.S. regular gasoline price has spiked almost 4% in one week to $3.688 a gallon as of Feb. 26, the highest level since last September, with residents in three states--Alaska, Hawaii, California-- are already seeing above $4 at the pump, based on AAA’s Daily Fuel Gauge Report.

The current price level is roughly 11% above a year ago.  Analysts estimate that every 1-cent increase in the price of gasoline costs the economy $1.4 billion.  Consumers are starting to feel the pinch, and a new Associated Press-GfK poll says 7 in 10 Americans find the issue “deeply important”.

Crude oil is one of the oldest and most complex commodities in the world heavily underpinned by geopolitics, and market speculation throughout its history.  Now, with Iran, Israel, U.S. and Europe exchanging sanctions, threats in daily new headlines, it is hard to imagine anyone in the business world would miss the connection between surging oil, gasoline prices, and escalating tensions over Iran’s nuclear program.

To our surprise, Forbes published an op-ed by Louis Woodhill dated Feb. 22 titled “Gasoline Prices Are Not Rising, the Dollar Is Falling” blaming the surging gasoline prices on the dollar depreciation, and that

“Assuming that gold prices remained at today’s $1,759.30/oz, WTI prices would have to rise by about 22%, to $128.86/bbl, in order to reach their long-term average in terms of gold…..At this point, we can be certain that, unless gold prices come down, gasoline prices are going to go up—by a lot. And, because the dollar is currently a floating, undefined, fiat currency, there is no inherent limit to how far the price of gold in dollars can rise, and therefore no ultimate ceiling on gasoline prices.”

While we don’t disagree that there are many moving parts that could drive oil and gasoline prices higher, but  the U.S. dollar and gold are not among the deciding factors as the article asserts.  

First of all, crude oil and related processing accounts for over 80% of what we pay at the gas pump (see chart below).  So the short answer to the recent gasoline price spike is the surging crude oil prices, and more specifically, Brent oil marker on the ICE exchange. U.S. gasoline prices have been trending more closely with Brent…
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Guest Post: Extend And Pretend Coming To An End

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Jim Quinn of The Burning Platform,

 

The real world revolves around cash flow. Families across the land understand this basic concept. Cash flows in from wages, investments and these days from the government. Cash flows out for food, gasoline, utilities, cable, cell phones, real estate taxes, income taxes, payroll taxes, clothing, mortgage payments, car payments, insurance payments, medical bills, auto repairs, home repairs, appliances, electronic gadgets, education, alcohol (necessary in this economy) and a countless other everyday expenses. If the outflow exceeds the inflow a family may be able to fund the deficit with credit cards for awhile, but ultimately running a cash flow deficit will result in debt default and loss of your home and assets. Ask the millions of Americans that have experienced this exact outcome since 2008 if you believe this is only a theoretical exercise. The Federal government, Federal Reserve, Wall Street banks, regulatory agencies and commercial real estate debtors have colluded since 2008 to pretend cash flow doesn’t matter. Their plan has been to “extend and pretend”, praying for an economic recovery that would save them from their greedy and foolish risk taking during the 2003 – 2007 Caligula-like debauchery.

I wrote an article called Extend and Pretend is Wall Street’s Friend about one year ago where I detailed what I saw as the moneyed interest’s master plan to pretend that hundreds of billions in debt would be repaid, despite the fact that declining developer cash flow and plunging real estate prices would make that impossible. Here are a couple pertinent snippets from that article:

“A systematic plan to create the illusion of stability and provide no-risk profits to the mega-Wall Street banks was implemented in early 2009 and continues today. The plan was developed by Ben Bernanke, Hank Paulson, Tim Geithner and the CEOs of the criminal Wall Street banking syndicate. The plan has been enabled by the FASB, SEC, IRS, FDIC and corrupt politicians in Washington D.C. This master plan has funneled hundreds of billions from taxpayers to the banks that created the greatest financial collapse in world history.

Part two of the master cover-up plan has been the extending of commercial real estate loans and pretending that they will eventually be repaid. In late 2009 it was clear to the Federal Reserve
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Leaked Email Shows Stratfor CEO George Friedman Resigned Two Hours Ago Over Latest Breach

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It is only somewhat appropriate that the announcement of the resignation of Stratfor’s CEO would come in the form of a leaked email that once again was intercepted by Anonymous.

Via Anonymous:

From: george.friedman@stratfor.com
 
To: fred.burton@stratfor.com
 
Subject: Draft
 
Date: 2012-02-26 19:02:07
 
It is with great personal disappointment I have to inform you that I will resign from my position as CEO for Stratfor to immediate effect.
 
Please rest assured that this decision was not an easy. But in the light of the recent events, especially the release of our company emails by WikiLeaks, I have decided that stepping down is in the best interest of Stratfor and its customer base.
 
I want to emphasize that this will have no effect on Stratfor’s business or its members and we will continue to provide state-of-the-art intelligence services.
 
Regarding the latest breach, Stratfor is fully in control of the situation However, while I cannot take any personal responsibility for this incident, I still have to admit that mistakes have been made on our side. To be clear: We certainly do not condone any criminal activities by groups like Anonymous or other hackers. This is theft and we will continue to cooperate with law enforcement to bring those responsible to justice. But we must acknowledge that this incident would not have been possible if Stratfor had implemented stronger data protection mechanisms – which will be the case from now on. Indeed we will immediately move to implement the latest, and most comprehensive, data security measures.
 
While I played no role in our technical operations, as the company’s CEO I do accept full responsibility thus will resign from my position effective immediately.
 
Again, my sincerest apologies for this whole unfortunate incident.
 
Sincerely,
George Friedman





Stratfor Email Leak Reveals Insider Views On Obama, Emanuel & Romney

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Earlier today, Wikileaks made its latest startling release on Twitter, telling the media world to standby for a ‘major announcement’. Alas, in keeping with the recent tradition from Wikileaks, the “release” was a dud and is merely the collected dump of all the emails previously hacked from Stratfor by Anonymous, as was noted here previously. Alas a quick perusal through the emails so far reveals absolutely nothing exciting, except for the communiques of a paid intelligence provider, which may at times have had a few delusions of grandure and a mistaken and rather overblown sense of self-importance (hardly unique). Yet one exchange that is rather interesting is the following email thread from 2009 which goes from discussing how the billionaires behind ACORN have lost all respect for Obama and Biden (“The billionaire (who also funds ACORN) is greatly disappointed over Obama’s “weakness and wimpyness” towards China… She believes Biden is weasel and Obama is a pussy… The liberal factions in DC think Obama is being a pussy.“), views on Rahm Emanuel (“I don’t disagree that Biden is a weasel. I think Emanuel is emasculating Obama by selling him on clever Clintonesque tactics”), views on how Obama may get back into the thick of things: (“Obama needs to get in a fight and do something really mean and unfair to the right.”), on Obama and the banks: (“he could also tell the banks to go screw themselves.”) and from there going to analyzing the GOP field: (“The GOP folks I talk to are pushing Jeb Bush. I think that is a mistake. Who else is out there?”) and culminating with the GOP frontrunning Mitt Romney – “Romney can’t make it. Mormons are viewed as Voo Doo.” Much more in the full email thread inside.

From Wikileaks

Re: Insight – China/Tibet/Obama
Email-ID     391555
Date     2009-11-06 23:08:21
From     Anya.Alfano@stratfor.com
To     burton@stratfor.com, mongoven@stratfor.com
Maybe, but he’s choked on the national stage a few times now. I can’t get past his smile…makes him look sleazy.

burton@stratfor.com wrote:

Bobby Jindel? He’s some sort of Indian.

Sent via BlackBerry by AT&T

———————————————————————-

From: Anya Alfano
Date: Fri, 06 Nov 2009 16:58:58 -0500
To:
Cc: Bartholomew Mongoven
Subject: Re: Insight – China/Tibet/Obama
Tim Pawlenty is about as close as the GOP gets to…
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”Sleepwalking Toward a Precipice”: Our Observations and Outlook, Part I

Courtesy of Doug Short.

Foreword from dshort: Jason Leach, the Director of Research/Portfolio Management at Craven Brothers Wealth Advisors, sent me a PDF of his latest research — Sleepwalking Toward a Precipice: Our Observations and Outlook, Part I.

Jason kindly granted me permission to share with the Advisor Perspectives audience. The illustrations in the PDF are priceless, so be sure to download and view the PDF format. Below is a snapshot of one of the PDF pages followed by a reprint of the full text without illustrations.



 

Click to View
Click for a larger image

 

What We Will Cover…

  • It’s Structural: The credit crisis and Great Recession revealed structural problems in the United States, Europe and China which may hinder their future growth prospects.
  • Political Dysfunction: Political leadership has been unwilling or unable to address these structural issues effectively, resulting in temporary, expedient solutions that often make problems worse.
  • Fourth Branch Solutions: With the failure of political leadership, “central planning” has been ceded to central banks to “reflate” markets and reliquify insolvent banking systems and insolvent sovereign nations.
  • The Unknowns: Given the fragile nature of global economies coming out of crisis, a variety of uncertainties could also negatively impact growth.
  • Market Matters: Over the next decade, we see “double-wide” possibilities for economic growth translating into “double-wide” possibilities for U.S. and global markets.
  • What follows is Part I of our outlook on economies and markets. It educates and influences our investment approach which we discuss in the final of three outlook installments. We hope you enjoy.

2011 Market Recap: “Much Ado Then Nothing”

  • Headline Drivers: 2011 was an uncertain time across the world with headlines driving markets up and down in “risk on” and “risk off” trends that lasted hours, days, or weeks, but inevitably turned from “on” to “off” and back again.
  • Home on the Range to Unchanged: During the first half of the year, the S&P 500 index traded up (1260-1360 range). Sentiment turned negative in the second half with the index trading down violently (1120-1260 range). Remarkably, given a 20% swing from April highs to October lows, the S&P 500


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Grant Williams On The Simplicity Of Owning Gold

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As we enter a week in which the expectations are high for yet another large expansion of central bank balance sheets, and ever more extreme monetary policy (thanks to the LTRO 2), we thought it appropos to listen to Grant Williams, of the famous “Things That Make You Go Hhhhm” newsletter, explain in its simplest terms, why it is still a good time to own gold. In two excellent and succinct presentations, Williams discusses the ‘simplicity’ of investing through the last four decades but ends by focusing specifically on the rotation to Gold at the start of the last decade (2000) and why the reason for rotating out of the precious metal has not occurred yet. Seeing the world of Gold as a battle between Too Much and Not Enough (and drawing on global supply, demand, and holdings flow) Williams lays out the reasons for owning gold, and how to know when to cover – as he narrows the five reasons to reconsider Buffett-and-Roubini’s Barbarous Relic down to one simple rule – Central Bank Monetary Policy Changes.

Simplicity 1 - An introduction to investing by Simplicitly over the past forty years and making one big decision through each decade – ending with a focus on the current position in Gold and Central bank largesse writ large…

 

Simplicity 2Williams expands specifically on Gold – with key insights on owndership, supply, demand shifts, demographics, and central bank behavior with a succinct summation of reasons to own and reasons to exit that should help many deal with the ebbs and flows.





Key Events In The Week Ahead – US Growth Focus And Oil Price Trends

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Last week saw dramatic dispersion among the major FX pairs as global and local influences caused significant moves in most of the key crosses. Goldman takes a look back at the key drivers of that volatility and then focuses on the week ahead as the EU Summit at the latter end is the main event risk while ongoing macro developments will be focused on the incessant rise in Crude oil prices and whether we start seeing knock-on impacts in the real economy.

 

 

Goldman Sachs: What Matters in FX This Week : FX Week Ahead: Focus On US Growth Data And Oil Price Trends

It has been a big week for FX; a number of global and local influences have caused significant moves in key crosses and mostly in G10 space. First, the EUR rallied on a trade weighted basis; stretched short EUR positions unwound as progress was made on the Greece PSI and as the market took relief in the avoidance of a more disorderly outcome in the Euro-area. Interestingly the EUR rally happened even despite rangebound performance for risky assets and lack of strong directionality in other dollar crosses (such as $/LATAM or $/NJA). The key event to watch in the week ahead in terms of Euro-area tensions will be the EU summit on Thursday and Friday where the final details of the next Greece assistance package will be discussed.

Second, the JPY continued to depreciate sharply, extending the move that began with the BOJ’s latest balance sheet expansion operation and the shift to an inflation target. As Fiona Lake recently argued, although the shift in JPY fits fundamentally with a convergence towards fair value, the timing of the move is tricky and we have been reluctant to follow the shift particularly in the absence of an analogous move in US front end rates.

That said, the main macro development last week, the ongoing rise in Brent crude oil prices to the highest USD denominated level since last spring (and the highest EUR denominated level ever), was conducive to a shift higher in both in EUR/$ as well as in $/JPY. Our commodity strategy team has been highlighting that the run up in Brent prices over the past month has been driven primarily by a recovery in global growth expectations and…
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Weekly Market Commentary: Bullish

Courtesy of Declan Fallon

Indices were able to finish the week at or near the highs. The index which is most likely to benefit next week is the Russell 2000.  Whereas Tech has already broken to new highs and Large Caps are on the verge of doing so, it’s the Russell 2000 which is set up for a breakout and offers room to next resistance.  The challenge remains 830, but a close above this level will leave another 35 points of room until resistance is encountered.

The Nasdaq has no overhead supply, but the gradual weakening of market breadth limited last week’s gain to under one percent.

The Nasdaq Summation Index was the breadth indicator to give up the most (albeit a small loss).

The S&P is just 5 points away from 2011 highs. From there it will go on to challenge the 2007 high, but it might be slow going given Small Caps and Tech will tempt buyers from positions of new multi-year highs.

Next week looks set for a further expansion in breadth weakness which may result in a more substantial pullback in the S&P and Nasdaq than we have seen in recent weeks.  The broader trend remains bullish any any selling will likely fit with profit taking rather than an absence of interest from buyers (low volume selloffs carry that distinction).

——

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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com. I offer a range of stock trading strategies for global markets which can be Previewed for Free with delayed trade signals. You can also view the top-10 best trading strategies for the US, UK, Europe and Rest-of-the-World in the Trading Strategy Marketplace Leaderboard. The Leaderboard also supports advanced search capability so you can tailor your strategies


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Nuclear Contamination As Seen By Japanese Humor

Courtesy of ZeroHedge. View original post here.

Submitted by testosteronepit.

Wolf Richter   www.testosteronepit.com

After an endless stream of horrid reports on the tragedy of the March 11 earthquake and tsunami, and the subsequent nuclear catastrophe in Fukushima, and the hotspots that are cropping up in odd places, and food scares, and even contaminated grasshoppers, we’re ready for something … lighter. This has been circulating in the Japanese internet community for months, has garnered countless comments, and a lot of nodding, agreement, and knowing smiles. Though it’s not based on science or statistics, and certainly not on any polls, it represents, in the eyes of many Japanese, a larger tongue-in-cheek truth.

Note: the areas seen as contaminated are marked in red.

 

 

 

 

 

 

 

 

 

But there other dangers in Japan as well. A couple in Nagasaki made sashimi out of a fugu he'd caught in a nearby bay. An hour after eating it, her lips and limbs got numb. He also developed symptoms. Ah yes, the neurotoxin in the otherwise comical fish. Read…. Don't Try This At Home.





What Happens in Vegas

Courtesy of ZeroHedge. View original post here.

Submitted by Tim Knight from Slope of Hope.

From the Slope of Hope: I’m not a very good hedonist, I guess.

Here I am in Las Vegas, and to my way of thinking, everything I hate about the human race is conveniently compressed into one tidy package.

And I ask myself: what’s my problem? Why do I let places like this get to me so much? I mean, after all, why should I care what other people do with their time and their lives? What business is it of mine?

Well, it’s none of my business, of course. The whole human race could wallow around in whatever it wants, and as long as it doesn’t adversely affect me or the people about whom I care, it really shouldn’t matter. And, on the whole, this is the state of affairs, because I have designed my life in a tidy little bubble and need not trouble myself with such thoughts.

It still chews at me, though, why I get so irked by hoardes of people engaging in as many bacchanalian propensities as they can muster. Drinking. Drugs. Sex. Slack-jawed gaping of The Things That Are So Bright and The Things That Are So Big. It just isn’t my cup of tea.

My little girl, whose competition brings me here, expressed it wisely beyond her years when, unprompted, she said to me: “Dad, I notice that everything in this town is fake.” And that, I finally realized, was what had my panties in such a wad.

The blonde hair is fake. The big boobs are fake. The wretched, fawning smiles are fake. The attitudes are fake. The posturing, preening, and posing are all put-ons designed by the ho-bags and douche-wads stumbling up and down the streets to hopefully bed whatever quarry about which they fantasize.

0225-douche
So is it because I’m repelled out of some sense of moral repugnance? Nope. I think we’re pretty much responsible for our own souls. I don’t really care what these nitwits do.

How about disappointment? Well, I think we’re starting to get close. And it isn’t because I’m personally associated with these folks.  I don’t directly care about any of these people, but I guess since I identify myself as part of this group as a fellow human, it’s disheartening to see it race to the bottom by…
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Chart School

Two Measures of Inflation and Fed Policy

Courtesy of Doug Short.

Note from dshort: I've updated the accompanying charts with yesterday's Consumer Price Index data from the Bureau of Labor Statistics. The annualized rate of change is calculated to two decimal places for more precision in the side-by-side comparison with the PCE Price Index.

The BLS's Consumer Price Index for March shows core inflation below the Federal Reserve's 2% long-term target range at 1.66%. The Core PCE price index at the end of the February (the most recent data), is significantly lower at 1.10%. The Fed is on record as preferring Core PCE as its inflation gauge.


The inflation rate over the longer run is primarily determined by monetary poli...



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Insider Scoop

UPDATE: BlackBerry Will Sell the Majority of Its Real Estate Holdings in Canada

Courtesy of Benzinga.

Related BBRY Market Wrap For April 15: Who Doesn't Love A Turnaround? Sirius XM Up on Channel Launch - Analyst Blog The Secret to Social Media Marketing (Fox Business)

BlackBerry(R) Limited (NASDAQ: BBRY), a world leader in mobile communications, today announced that it has entered into an agreement pursuant to which it will sell the majority of its real e...



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Zero Hedge

Guest Post: The Slow Death Of The Old Global Order

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Robert Merry via The National Interest,

In the spring of 2012, The National Interest produced a special issue under the rubric of “The Crisis of the Old Order: The Crumbling Status Quo at Home and Abroad.” The thesis was that the old era of relative global stability, forged through the crucibles of the Great Depression and World War II, was coming unglued. In introducing the broad topic to readers, TNI editors wrote, “Only through a historical perspective can we fully understand the profound developments of our time and glean,...



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Phil's Favorites

French Email Ban Update: "Duty to Disconnect"

Courtesy of Mish.

In response to France Prohibits Sending Work Emails, Answering Cell Phones, Outside Working Hours one reader strenuously objected.

After exchanging numerous emails, his main objection was the accuracy of the title itself "France Prohibits Sending Work Emails, Answering Cell Phones, Outside Working Hours."

Here is the exact headline of the La Vanguardia article that I translated "France prohibits sending mails from work outside working hours".

The reader's big objection? Claiming "France" did this.

Similarly, the Guardian received a lot of flak for its report When ...



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All About Trends

Mid-Day Update

Reminder: David 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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Sabrient

What the Market Wants: Positive News and Stocks at Bargain Prices

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Last week’s market performance was nasty again, especially for the Small-cap Growth style/cap, down 4%.  Large-caps faired the best, losing only 2.7%.  That’s ugly and today’s market seemed likely to be uglier today with escalating tensions over the weekend in Ukraine. 

But once again, positive economic trumped the beating of the war drums. Retail Sales jumped up 1.1% over a projected 0.8% and last month’s tepid 0.3%, which was revised up to 0.7%.  While autos led, sales were up solidly overall.  Business inventories were about as expected with a positive tone.  Citigroup (C) handily beat estimates to add to the morning’s surprises.  As a result, the market was positive through most of the day, led by the DJI, up 0.91%, and the S&P 500, up 0.82%.  NASDAQ had a less...



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Digital Currencies

Facebook Takes Life Seriously and Moves To Create Its Own Virtual Currency, Increases UltraCoin Valuation Significantly

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

The Financial Times reports:

[Facebook] The social network is only weeks away from obtaining regulatory approval in Ireland for a service that would allow its users to store money on Facebook and use it to pay and exchange money with others, according to several people involved in the process. 

The authorisation from Ireland’s central bank to become an “e-money” institution would allow ...



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OpTrader

Swing trading portfolio - week of April 14th 2014

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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Market Shadows

Winning: Defined as Losing Less

By Paul Price of Market Shadows

Market Shadows Excelled – With a 1.36% Weekly Decline

In the land of the blind, the one-eyed man is King. Our Virtual Value Porfolio took on that role this week as we lost a modest 1.36% of our value while the DJIA, S&P 500 and Nasdaq Composite dropped from 2.35% - 3.10%.

We remain bullish despite the shaky end of week sentiment. Our original $100,000 now totals $145,058 including our 2.8% cash reserve.

 ...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here is the new Stock World Weekly. Please sign in with your user name and password, or sign up for a free trial to Stock World Weekly. Click here. 

Chart by Paul Price.

...

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Option Review

Bearish Prints In DDD Put Options

3D Systems shares had been in positive territory earlier in the session, up as much as 4.2% to touch an intraday high of $50.85. The stock bounced off a low of $47.17 in the early going, a new six-month low for the share price and a more than 50% drop from DDD’s record high of $97.28 reached back on January 3rd. Shares managed to stay in the green for much of the session before succumbing to selling pressure this afternoon. Options expiring next week suggests at least one trader is positioning for further weakness in the near term.

The 17Apr’14 $47 puts traded more than 2,000 times this morning against previously existing open interest o...



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Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



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Pharmboy

Here We Go Again - Pharma & Biotechs 2014

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

Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.

And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference.  Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014?  The Biotech ETF beat the S&P by better than 3 points.

As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...



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FeedTheBull - Top Stock market and Finance Sites



About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>