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  1. From Bloomberg, Feb 20, 2015, 11:06:22 AM

      Ships wait to unload cargo at the Port of Los Angeles in Los Angeles, California, on Feb. 18, 2015. Photographer: Patrick T. Fallon/Bloomberg

    (Bloomberg) — West Coast dockworkers and their employers reached a five-year contract deal, averting a shutdown of 29 ports that could have cost the U.S. economy $2 billion a day, Labor Secretary Tom Perez said.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/west-coast-port-talks-said-to-intensify-as-perez-raises-pressure

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  2. From Bloomberg, Feb 20, 2015, 12:56:33 PM

     Feb. 20 — Euro-area finance ministers reached a provisional deal intended to keep aid flowing to Greece in return for a commitment to continued economic reforms, buying time to work out the detail of longer-term Greek financing. Bloomberg’s Hans Nichols reports on “Street Smart.”

    (Bloomberg) — Euro-area finance ministers reached an accord that would keep bailout funds flowing to Greece in return for a commitment to meet certain conditions, buying time to work out the detail of longer-term Greek financing.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/germany-turns-up-pressure-on-greece-as-cash-crunch-looms

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  3. From Bloomberg, Feb 20, 2015, 5:16:04 PM

    Patients at UCLA Medical Center may have been exposed to drug-resistant bacteria that killed two people, the hospital disclosed this week, notifying 179 who may be at risk. The outbreak is linked to specialized endoscopes inserted through a patient’s mouth and threaded through the gastrointestinal tract. After news about the UCLA cases broke, the Food and Drug Administration warned hospitals on Feb. 19 that the devices, called duodenoscopes, can be difficult to clean properly.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/the-l-a-superbug-outbreak-five-things-you-should-know

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  4. From Bloomberg, Feb 20, 2015, 5:45:03 AM

     

    Jeb Bush recently called himself a “gladiator” because he has been on the road so much this year raising money for a possible presidential run. With a goal of banking $100 million by the end of March, the former Florida governor’s intense schedule–60 fundraisers in three months–is paying off: He has locked down much of 2012 Republican nominee Mitt Romney’s fundraising team in the three weeks since Romney decided not to make another run.

    To read the entire article, go to http://www.bloomberg.com/politics/articles/2015-02-20/jeb-bush-reels-in-money-but-big-fish-remain

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  5. From Bloomberg, Feb 20, 2015, 10:53:07 AM


    Hilton, which aside from the Waldorf also operates such hotels as the New York Hilton Midtown, expects the city’s lodging market to be challenging this year, Chief Executive Officer Christopher Nassetta said during the company’s earnings call on Wednesday. Photographer: Andrew Harrer/Bloomberg

    (Bloomberg) — The city that never sleeps may have too many hotel rooms.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/nyc-hotel-glut-leading-to-slowdown-in-room-rate-increases

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  6. From Bloomberg, Feb 20, 2015, 10:37:50 AM


    The virtues of vice.

    You may like technology (who doesn’t these days) or the energy sector (where would we be without it) — but if you’re making a long-term bet as an investor, there’s a lot going for Big Tobacco. It’s not just that tobacco boasts the best historical performance of all U.S. industries. The industry’s future seems especially bright. As marijuana gradually becomes a legal drug, Big Tobacco is poised to dominate the market.

    To read the entire article, go to http://bv.ms/1AcIPy7

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  7. From Bloomberg, Feb 20, 2015, 8:00:25 AM


    It’s more sensible in Iowa.

    A political development of actual importance is occurring in Iowa this month: Democrats and Republicans are proposing to increase the state’s gas tax. Not only is this a rational way to raise revenue to repair bridges and roads, it’s also a sensible response to the federal government’s abdication of the task.

    To read the entire article, go to http://bv.ms/1AcnftC

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  8. From Bloomberg, Feb 20, 2015, 5:10:58 PM

      Russia’s credit rating was cut to junk by Moody’s Investors Service as the conflict in Ukraine and plunging oil prices curb growth and erode financial stability. Photographer: Akos Stiller/Bloomberg

    (Bloomberg) — Russia’s credit rating was cut to below investment grade by Moody’s Investors Service, which joined Standard & Poor’s in ranking the country’s debt as junk, citing the conflict in Ukraine and plunging oil prices.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/russia-cut-to-junk-by-moody-s-on-ukraine-crisis-oil-price-fall

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  9. From Bloomberg, Feb 20, 2015, 1:04:05 PM

      Actress Natalie Portman and other high-profile Harvard University alumni are calling for demonstrations to urge divestment from fossil fuels. Photographer: John MacDougall/AFP/Getty Images via Bloomberg

    (Bloomberg) — Actress Natalie Portman, environmentalist Robert F. Kennedy, Jr., and other high-profile Harvard University alumni are calling for demonstrations to urge divestment from fossil fuels.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/harvard-s-star-alumni-urge-week-of-protests-against-fossil-fuels

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  10. From Bloomberg, Feb 20, 2015, 1:13:50 PM

    Derrick hand Mike Moore busts the the plastic caps off the threaded ends of pipe used in the drilling process on Kilbarger Construction Inc.’s Service Rig 5 in Knox County, Ohio, U.S., on Saturday, Jan. 5, 2013. Domestic U.S. oil production averaged 6.99 million barrels a day in the week ended Dec. 28, the most since March 1993, according to the Jan. 4 Energy Department report. Photographer: Ty Wright/Bloomberg *** Local Caption *** Mike Moore

    U.S. oil and gas rigs continued to fall this week despite still-rising levels of production.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/u-s-oil-rigs-tumble-again-in-line-with-twitter-estimates

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  11. From Bloomberg, Feb 20, 2015, 12:01:00 AM


    Dish Network Corp. Founder Charlie Ergen is firing what could be the first shot in a race to the bottom for the $75 billion U.S television industry. Photographer: Jonathan Alcorn/Bloomberg

    (Bloomberg) — Charlie Ergen is using a new Web-entertainment service and $50 billion in airwaves to upend pay TV as we know it.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/ergen-rattles-tv-industry-with-50-billion-binge-on-bandwidth

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  12. From Bloomberg, Feb 19, 2015, 7:01:00 PM

     Feb. 20 — Germany and its allies turned up the pressure on Greece to accept their conditions to stay in the euro as the region’s top finance officials descended on Brussels to hammer out a deal. Bloomberg’s Hans Nichols and Mark Gilbert report on “Market Makers.”

    (Bloomberg) — As Greece heads toward 11th-hour funding talks with its euro-area membership on the line, bondholders are surprisingly sanguine about its failure so far to secure a deal.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/greek-debt-belies-euro-exit-as-value-is-23-above-5-year-average

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  13. From Bloomberg, Feb 21, 2015, 2:00:00 AM

      Ben Broadbent, deputy governor for monetary policy at the Bank of England, said U.K. borrowing costs were more likely to rise than be cut. Photographer: Jason Alden/Bloomberg

    (Bloomberg) — The pound reached a seven-year high versus the euro this week after jobs data signaled the U.K. recovery is holding up and as stalled negotiations on the future funding of Greece weighed on the common currency.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-21/pound-reaches-seven-year-high-versus-euro-on-labor-market-gains

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  14. From Bloomberg, Feb 21, 2015, 6:57:35 AM

      Alexis Tsipras, Greece’s prime minister, must submit a list of economic measures it will undertake on Monday. Photographer: Jasper Juinen/Bloomberg

    (Bloomberg) — Greece obtained a provisional deal from euro-area finance ministers intended to keep aid flowing to the country in return for oversight on fiscal measures, buying time to work out the detail of longer-term Greek financing.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-21/greek-obtains-provisional-bailout-deal-ahead-of-review

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  15. From Bloomberg, Feb 20, 2015, 8:00:03 AM


    Feb. 20 — Bloomberg’s Victoria Stilwell reports on the improving prospects for millennials. She speaks on “In The Loop.”

    For years, the real estate pros have worried over millennial homebuyers like so many doting parents. Will they ever settle down? I hope the housing bust didn’t sour them on the idea of ownership entirely. Maybe we should build some laundry nooks.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/real-estate-agents-are-desperate-to-understand-millennial-homebuyers

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  16. From Bloomberg, Feb 20, 2015, 2:04:16 AM

     

    (Bloomberg) — India is urging its states to ensure sufficient supply of anti-flu medication and diagnostic tests as it struggles to curb an outbreak of H1N1 influenza that’s killed more than 700 people in the last eight weeks.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/india-struggles-to-contain-h1n1-outbreak-as-death-toll-hits-700

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  17. From Bloomberg, Feb 21, 2015, 12:00:27 AM

      Janet Yellen, chair of the U.S. Federal Reserve, will present her outlook on the economy to Congress next week, after minutes from the central bank’s last meeting in January showed many policy makers were in favor of keeping borrowing costs lower for longer. Photographer: Andrew Harrer/Bloomberg

    (Bloomberg) — Treasury five-year notes fell for a third consecutive week for the first time since June amid speculation Janet Yellen will reiterate the Federal Reserve’s commitment to raise interest rates later this year.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-21/treasury-yields-rise-a-third-week-as-tightening-view-takes-hold

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  18. From Bloomberg, Feb 20, 2015, 4:57:26 PM

      Bloomberg’s Best Photos 2014: Workers stand inside an under construction fuel storage tank at the VTTV oil storage terminal, a joint venture of Vitol Group and MISC Bhd., in Vasilikos, Cyprus, on Friday, Feb. 21, 2014. Cyprus’s economic outlook remains subject to “significant risk” even after its economy contracted less than expected last year, debt monitors said at the end of a quarterly review of its adjustment program. Photographer: Andrew Caballero-Reynolds/Bloomberg

    Oil just had its first weekly decline in a month, breaking a rally in crude prices. A bit of context: After what’s happened over the last year, “rally” seems a bit of an overstatement. 

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/another-big-reason-to-think-oil-prices-aren-t-going-up-soon

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  19. From Bloomberg, Feb 20, 2015, 4:42:46 PM

      Greek Finance Minister Yanis Varoufakis arrives for a joint press after an Eurogroup Council meeting on February 20, 2015 at EU Headquarters in Brussels. Greece will prioritise EU-acceptable reforms, a government source said after eurozone finance ministers granted Athens a four-month loan extension. AFP PHOTO/JOHN THYS (Photo credit should read JOHN THYS/AFP/Getty Images)

    The Eurogroup came to an agreement, of sorts, with Greece on Friday evening, Feb. 20.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/scoreboard-here-s-what-each-side-got-in-the-greece-negotiations

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  20. From Bloomberg, Feb 18, 2015, 7:00:01 PM

      The Petroleos Mexicanos (Pemex) Pol-A Platform complex, located on the continental shelf in the Gulf of Mexico, 70 kilometers offshore from Ciudad del Carmen, Mexico. The rise in deep-water drilling stems from years of planning and billions of dollars already invested, and the payoff can be considerable. Photographer: Susana Gonzalez/Bloomberg

    (Bloomberg) — While U.S. drilling on land has fallen along with the price of crude, the risky and expensive drive to pull oil from the depths of the Gulf of Mexico is showing little evidence of a slowdown.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-19/rigs-running-hot-offshore-as-shale-scales-back

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  21. From Bloomberg, Feb 20, 2015, 4:29:10 PM


    Smiles, for now.

    With their tentative agreement on financial aid for Greece, the euro zone’s finance ministers have paused a drama that could still end in disaster and that should never have happened in the first place. The deal outlined on Friday won’t be concluded until next week, and could still fall apart, but Friday’s talks are being seen as a breakthrough.

    To read the entire article, go to http://bv.ms/1BvXTcb

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  22. From Bloomberg, Feb 20, 2015, 3:06:02 PM


    It isn’t easy to get these two in the same place.

    The Koch brothers are planning to spend $889 million on the 2016 political campaign. There are those who see this as a terrible subversion of democracy. There are others, among them Bloomberg View’s Jonathan Bernstein, who see it as a big waste of Charles and David Koch’s money.

    To read the entire article, go to http://bv.ms/1Adn15B

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  23. From Bloomberg, Feb 20, 2015, 5:04:08 PM

      John Chambers, chairman and chief executive officer of Cisco Systems Inc. Photographer: Simon Dawson/Bloomberg

    (Bloomberg) — How much does John Chambers love Cisco Systems Inc.? So much so that he’s had a hand in hiring all of the company’s 70,112 employees, save for a mere 23.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-20/john-chambers-has-vetted-all-but-23-of-cisco-s-70-112-employees

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  24. From Bloomberg, Feb 19, 2015, 7:08:32 AM


    Although unfavorable exchange rates in recent months have reduced travel from Russia to Europe, and from Europe to the U.S., Priceline Chief Executive Officer Darren Huston said he expected that travel by Americans overseas would help offset such headwinds. Photographer: Scott Eells/Bloomberg

    (Bloomberg) — Priceline Group Inc.’s earnings topped analysts’ estimates, pushing shares of the largest U.S. online travel agent to their biggest gain in more than two years.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-19/priceline-earnings-beat-estimates-as-international-bookings-rise

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  25. From Bloomberg, Feb 19, 2015, 6:48:11 PM

    In January 2014, StubHub attempted something radical. Addressing the frustration of its customers, the online ticket reseller began including its bevy of fees in the first price a customer sees, rather than tacking them on just before purchase. Now when you click “buy,” a pair of tickets listed at $100 will cost $100, not $125. According to StubHub, customers said they wanted—and say they love—the transparency. But the change hasn’t improved sales.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-19/stubhub-faces-pressure-from-ticketmaster-and-ebay-its-own-parent

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  26. From Bloomberg, Feb 20, 2015, 3:12:20 PM

     

    (Bloomberg) — Two Democratic lawmakers are raising ethics questions about Commodity Futures Trading Commission member J. Christopher Giancarlo’s ties to his former employer, a derivatives brokerage the agency regulates.

    To read the entire article, go to http://www.bloomberg.com/politics/articles/2015-02-20/senate-s-warren-seeks-details-on-stock-sales-by-cftc-s-giancarlo

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  27. From Bloomberg, Feb 20, 2015, 12:26:06 PM

     

    (Bloomberg) — The prospects of a renewed fight between Republicans and organized labor in Wisconsin have increased with an announcement that senators will vote next week on making Wisconsin a so-called right-to-work state.

    To read the entire article, go to http://www.bloomberg.com/politics/articles/2015-02-20/wisconsin-considers-right-to-work-bill-renewing-war-with-unions

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  28. From Bloomberg, Feb 20, 2015, 9:57:35 AM


    With a few big ballot wins and public opinion tilting in their direction, advocates for legalizing pot have had a big couple of years. It’s only the beginning. Advocates are targeting at least 11 states, through ballot measures and legislation, for legalization by 2017. If they succeed, more than a quarter of the U.S. population would live in states with legal, regulated marijuana.

    It’s been a good couple of years for advocates for legalizing marijuana. Washington and Colorado took the historic step of legalizing the substance in 2012. Alaska and Oregon followed in 2014. Public opinion in support of legalization even tipped over the 50 percent line

    To read the entire article, go to http://www.bloomberg.com/politics/articles/2015-02-20/a-quarter-of-the-u-s-may-soon-live-where-weed-is-legal

    Sent from the Bloomberg iPad application. Download the free application at http://itunes.apple.com/us/app/bloomberg-for-ipad/id364304764?mt=8


  29. HSBC whistle-blower: You have to know how banks work to understand the size of this scandal
    http://www.businessinsider.com/interview-with-herv-falciani-hsbc-2015-2



  30. Any consensus on an oil price bottom?

    If I understand Phil's position, he is looking for a turn with 50ish being the bottom. May be so. Clarification most welcome if I am wrong. 

    The rig count continues to drop but that only means fewer new wells. From what I read, existing wells can continue to pump as long as the variable cost at the margin is below market price. Simple manufacturing economics. This is a limited strategy however as , obviously, there must be contribution margin against fixed cost. The Saudis claim they can withstand the pressure for a couple of years. Bluff and bluster? Keep in mind also that fracking/horizontal drilling is relatively new technology. I am certain engineers are huddled contriving cost reduction methods as we speak Another known unknown. Finally, Middle East politics is hardly settled science. Talk about deniers. Anything could pop there and send pricing to the moon. If, as reported, the Iranians are desperate for oil revenue they may be hankering for some mischief to stir this pot. 

    I have no oil position as of now but have orders in for USO calls at reduced bids. So, I am comfortable taking a long flyer is we get a significant dip from here. 

    On a related subject, my contacts in the restaurant business are seeing some benefit from lower gas prices. My take is this will continue to impact spending if gas stays "low". Most folks within my economic circles are still gun-shy and tend to "bank" a portion for of the increased cash flow. 


  31. Is there an archive on the webinars? Will have some free time coming up and would like to review some of these on futures trading. Thx


  32. New report: Cholesterol in food not a concern
    http://www.cnn.com/2015/02/19/health/dietary-guidelines/




  33. Android Circuit: Sabotaged Galaxy S6 Sales, Xiaomi Defeats Samsung, Sony Abandons Android
    http://www.forbes.com/sites/ewanspence/2015/02/20/android-news-digest-galaxy-s6-xiaomi-sony-surrender/



  34. The NSA and its allies stole the keys to your phone’s security
    http://www.theverge.com/2015/2/19/8071453/nsa-gchq-snowden-sim-phone-security



  35. The NSA and its allies stole the keys to your phone’s security
    http://www.theverge.com/2015/2/19/8071453/nsa-gchq-snowden-sim-phone-security


  36. In January, U.S. Saw Vastly More Daily Warm Records Than Cold Records. February, Too.
    http://thinkprogress.org/climate/2015/02/20/3625194/climate-change-records/


  37. Billionaire hedge fund manager Ray Dalio explains how capitalism works
    http://www.businessinsider.com/ray-dalio-explains-capitalism-2015-2





  38. “The Smart Money Is Selling, Not Buying” Goldman Warns With Valuations In The “99th Percentile”
    http://www.zerohedge.com/news/2015-02-21/smart-money-selling-not-buying-goldman-warns-valuations-99th-percentile


  39. Reverse Mortgages: The Rewards And Risks
    http://www.forbes.com/sites/nextavenue/2015/02/19/reverse-mortgages-the-rewards-and-risks/?linkId454700&utm_channel=Investing



  40. The GOP’s Giuliani disaster: Why Rudy’s vile nonsense is a big problem for Republicans
    http://www.salon.com/2015/02/21/the_tea_partys_mayor_why_giulianis_rabid_nonsense_is_a_big_problem_for_the_gop/



  41. Four years ago Gilt Groupe was the hottest startup in New York — Here’s what happened
    http://www.businessinsider.com/gilt-groupe-story-2015-2


  42. America Has Been At War 93% of the Time – 222 Out of 239 Years – Since 1776
    http://www.infowars.com/america-has-been-at-war-93-of-the-time-222-out-of-239-years-since-1776/


  43. Japanese game show puts people in crocodile suits among real crocs [video]
    http://holykaw.alltop.com/japanese-game-show-puts-people-in-crocodile-suits-among-real-crocs-video?gk2


  44. Pstas – the webinars are posted to youtube for viewing. Looks like the oldest one is from August of last year. Not sure if there is another way but hope this helps in the meantime. 

    Youtube link: www.youtube.com/user/PhilStockWorld

     

     

     


  45. Good morning! 

    Oil Bottom/Pstas – I still think this is the bottom ($45-50).  It's not a complicated premise – we've posted studies before on what percentage of oil has a break-even at what price-point and, when it's all taken into account, you can't go below $50 without shutting down more production than can be made up by pushing more output on cheaper wells.  Also, you have to understand that running cheaper wells at 99% capacity only works until they glitch and then they are offline too.  

    As you note, the other point is even more important – as we get towards $45, the chance of a $10 pop due to some Global event exceeds the chance of a $10 drop (especially one that lasts) by a factor of 10 so, again, it would be ridiculous not to be long oil at $45, which is why you get all these reports of a "one-way" bet on oil.  

    Just because everyone is on one side of a bet, doesn't mean it's good to be a contrarian.  I'm sure 99.9% of the people you ask are betting the sun will rise by 8am tomorrow and you would get great odds betting against it but you would also be an idiot.  If the NY Giants square off against a high-school team, the spread might be 100 but I sure wouldn't bet against the Giants.  

    So that's why we doubled down our bets on Thursday's dip.  It could go either way in the short-run but, over the long haul – I'm very comfortable with betting oil will be higher than $50 between April and July.  

    Webinars/Pstas – We have a Philstockworld YouTube Channel – I think all the Webinars are there. 

    Thanks Phel – Before Aug we were working with Darwin Investing so they have those archives. 


  46. GOLDMAN: There’s no clear reason for the big stock markets moves in the last 6 months
    http://www.businessinsider.com/goldman-sachs-stock-market-moves-2015-2









  47. U.S. refinery strike widens to include nation’s largest plant
    http://www.reuters.com/article/2015/02/22/us-refineries-labor-strike-idUSKBN0LP06420150222


  48. The US dollar is the most crowded trade in the world
    http://www.businessinsider.com/us-dollar-most-crowded-trade-2015-2







  49. Disney Theme Park Admission Is About to Cross the $100 Threshold
    http://time.com/money/3717210/disney-prices-105-magic-kingdom/


  50. Here’s What 13 Top Wall Street Pros Are Predicting For Stocks In 2015
    http://www.businessinsider.com/wall-street-2015-sp-500-forecasts-2015-1


  51. The New York Times could be worth $19 billion instead of $2 billion
    http://qz.com/345683/the-new-york-times-could-be-worth-19-billion-instead-of-2-billion/


  52. Sports Authority said to be at ‘high’ risk of default
    http://money.cnn.com/2015/02/20/news/companies/sports-authority-default/


  53. The tale of two IPOs: Facebook and Twitter
    http://fortune.com/tech/the-tale-of-two-ipos-facebook-and-twitter/






  54. Why your candy might taste different soon
    http://fortune.com/2015/02/17/nestle-kit-kat-candy-ingredients/


  55. Phil- I looked through the list of Webinars and note the descriptions don't specifically mention "futures" but a few times. Anyway to find the ones dedicated to futures trading? Perhaps some keywords to aid a search through these informative presentations?



  56. Here’s a great illustration of just how huge Apple is
    http://www.businessinsider.com/apple-market-cap-infographic-2015-2




  57. Just Taxing the 1 Percent as Much as We Tax the Poor Would Yield Billions for Cash-Strapped States
    http://inthesetimes.com/article/17665/tax-fairness-could-mean-more-resources


  58. Things were finally looking up for Greece after 6 years of recession, and now it’s falling apart again
    http://www.businessinsider.com/greek-economic-tragedy-2015-2


  59. We must not fear old white men: Here’s how we get past the John McCain/Fox News problem
    http://www.salon.com/2015/02/22/we_must_not_fear_old_white_men_heres_how_we_get_past_the_john_mccainfox_news_problem/



  60. Will Apple Pay Be The Next Great Marketing Channel?
    http://www.forbes.com/sites/roberthof/2015/02/20/will-apple-pay-be-the-next-great-marketing-channel/?linkId473614&utm_channel=Technology




  61. Pipeline Stocks/Phil – premise is that no matter what happens to price of oil, the pipelines are going to be fine as are either charging to move it, or charging to store it… Do you hold with that and if so, are there any you like or favor?  Here's a list of some as reference:  http://www.dividend.com/dividend-stocks/basic-materials/oil-and-gas-pipelines/




  62. Phil – A shame you don't speak French, there was a very interesting interview with Thomas Piketty in a French show last week that I taped and just watched. This guy is so right on with many of his observations and when they tried to pin him down he had facts which makes for easier conclusions.

    One timely comment was about the hypocrisy of France and Germany when talking about Greece. He was saying that both these countries were complaining that Greece didn't do a good enough job collecting taxes from its citizens all the while French and German banks helped the top 1% in Greece evade taxes! 

    But many other comment including a push back that high taxes limits innovations especially when he talked about the tax rates in the US in the 50's and 60's… Great stuff overall.



  63. From Bloomberg, Feb 23, 2015, 12:00:01 AM

      Bill Gross wrote, “Capitalism depends on hope –- rational hope that an investor gets his or her money back with an attractive return. Without it, capitalism morphs and breaks down at the margin. The global economy in January of 2015 is at just that point with its zero percent interest rates.” Photographer: Andrew Harrer/Bloomberg

    (Bloomberg) — The plunge in oil prices has claimed another prominent victim.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/gross-fund-hurt-by-oil-s-plunge-amid-bets-on-energy-bonds

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  64. From Bloomberg, Feb 23, 2015, 12:00:00 AM

    (Bloomberg) — Chair Janet Yellen testifies before Congress this week with the Federal Reserve facing its gravest political threat since the drafters of the Dodd-Frank act tried to strip it of its supervisory powers.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/yellen-faces-congress-amid-direst-threat-to-fed-since-dodd-frank

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  65. From Bloomberg, Feb 22, 2015, 5:01:00 PM

     

    (Bloomberg) — Greek Prime Minister Alexis Tsipras walks another high wire over the next 24 hours as he tries to come up with financial measures that satisfy both the demands of euro-region creditors and his anti-austerity party.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-22/greece-seeks-to-reconcile-creditor-demands-with-election-pledges

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  66. From Bloomberg, Feb 22, 2015, 8:48:48 AM

      Mall of America, the nation’s biggest shopping center in Bloomington, Minnesota. Photographer: Ariana Lindquist/Bloomberg

    (Bloomberg) — Visitors to the Mall of America must be “particularly careful” after a terror group threatened the Minneapolis-area tourist attraction, the U.S. Homeland Security secretary said.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-22/mall-of-america-patrons-told-to-be-careful-amid-threat

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  67. From Bloomberg, Feb 22, 2015, 11:00:02 AM


    Remember, the euro system has 18 other finance ministers.

    There are two main lines of analysis about Germany’s role in the European Union. The first, favored by populist euro-skeptic politicians, is that Germany seeks to reverse the setbacks of the 20th century and rule Europe by other means. The second, popular with political commentators and other members of the European elite, is that German guilt over the setbacks of the 20th century inhibits it from exercising the leadership that the EU actually needs.

    To read the entire article, go to http://bv.ms/1DH8P7B

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  68. From Bloomberg, Feb 23, 2015, 2:14:21 AM

    (Bloomberg) — European stocks climbed to a seven-year high after Greek creditors agreed to extend the nation’s bailout funds.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/europe-index-futures-rise-on-greece-with-stoxx-600-at-2007-high

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  69. From Bloomberg, Feb 22, 2015, 8:38:15 AM

    Scott Walker: Wisconsin governor, likely presidential candidate, media critic.

    To read the entire article, go to http://www.bloomberg.com/politics/articles/2015-02-22/walker-says-obama-religion-question-is-why-people-hate-the-media

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  70. From Bloomberg, Feb 22, 2015, 7:33:17 PM

      Four pumpjacks are silhouetted as they operate at the site of an oil well outside Williston, North Dakota, U.S. Photographer: Daniel Acker/Bloomberg

    (Bloomberg) — Oil traded near $60 a barrel in London after the first weekly decline in a month as Libya restarted a crude pipeline after a fire and Oman said it will increase production by as much as possible.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/oil-falls-near-60-as-libya-restarts-pipeline-adding-to-supplies

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  71. From Bloomberg, Feb 22, 2015, 4:09:38 PM

    (Bloomberg) — Valeant Pharmaceuticals International Inc. agreed to buy Salix Pharmaceuticals Ltd. for about $10.1 billion in cash to add gastrointestinal drugs to its stable of offerings.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-22/valeant-is-said-to-agree-to-buy-salix-for-10-1-billion

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  72. From Bloomberg, Feb 22, 2015, 1:13:59 PM

      The highest price for gasoline in the lower 48 states among the markets surveyed was in Los Angeles, at $2.91 a gallon, Lundberg Survey Inc. said. Photographer: Luke Sharrett/Bloomberg

    (Bloomberg) — The average price of regular gasoline at U.S. pumps rose for the second time since June, climbing 13.23 cents in the past two weeks to $2.3286 a gallon, according to Lundberg Survey Inc.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-22/u-s-gasoline-rises-to-2-3286-a-gallon-in-lundberg-survey

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  73. From Bloomberg, Feb 22, 2015, 10:00:00 AM

      While Japan’s Prime Minister Shinzo Abe is counting on monetary easing, fiscal stimulus and reforms to put the economy on a solid footing, the measures are so far exacerbating a divide between Japan’s big exporters and the smaller firms getting no support from a weaker yen or state-financed share purchases. Photographer: Kiyoshi Ota/Bloomberg

    (Bloomberg) — Japanese Prime Minister Shinzo Abe’s plan to revive the nation’s economy is leaving small companies behind.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-22/abenomics-divides-japan-s-stocks-as-smallest-shares-left-behind

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  74. From Bloomberg, Feb 22, 2015, 5:00:00 PM

      John Paulson, the billionaire hedge fund manager, also is showing less enthusiasm for the metal these days. Photographer: Amanda Gordon/Bloomberg

    (Bloomberg) — Judging by the barometer of hedge-fund interest, there’s less to get excited about in gold these days.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-22/gold-fever-fading-as-4-billion-erased-from-funds-commodities

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  75. From Bloomberg, Feb 22, 2015, 1:30:01 PM

      The investigation helps burnish Prime Minister Narendra Modi’s image as a reformer who’s not afraid to take on vested interests, even if they include the captains of Indian industry. Photographer: Graham Crouch/Bloomberg

    (Bloomberg) — Indian Prime Minister Narendra Modi said uncovering and penalizing corruption would be a focus of his government when he won a landslide victory last May. Now he’s putting those words into action.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-22/modi-takes-on-india-billionaires-with-probe-into-stolen-secrets

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  76. From Bloomberg, Feb 22, 2015, 1:36:00 PM

    Politicians of both parties used Sunday talk-show appearances to condemn former Mayor Rudy Giuliani’s remark last week that he didn’t think President Barack Obama loved America.

    To read the entire article, go to http://www.bloomberg.com/politics/articles/2015-02-22/giuliani-comments-meet-bipartisan-pushback

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  77. From Bloomberg, Feb 23, 2015, 1:14:03 AM


    Migration to cities is slowing along with growth.

    As Premier Li Keqiang guides China toward lower growth rates, economists everywhere are grappling with this question: How slow is too slow for the world’s second-biggest economy?

    To read the entire article, go to http://bv.ms/1FNxvMk

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  78. From Bloomberg, Feb 21, 2015, 10:44:16 AM

    Ships wait to unload cargo at the Port of Los Angeles in Los Angeles, California, on Feb. 18, 2015. Photographer: Patrick T. Fallon/Bloomberg

    (Bloomberg) — West Coast dockworkers and their employers ended their nine-month standoff with a five-year contract deal, averting a shutdown of 29 ports that could have cost the U.S. economy $2 billion a day.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-21/west-coast-ports-shutdown-averted-with-five-year-labor-agreement

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  79. From Bloomberg, Feb 22, 2015, 11:03:11 AM


    Expect delays.

    If Washington were a rational place, a major measure to rebuild roads, bridges, ports and airports would be a slam-dunk.

    To read the entire article, go to http://bv.ms/1DH9ndB

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  80. From Bloomberg, Feb 22, 2015, 11:42:58 AM

      The roof of a building collapses in Hingham, Massachusetts, on Feb. 10, 2015. Photographer: Scott Eisen/Getty Images

    (Bloomberg) — Roofs continue to collapse under record snow across the Boston area, most over warehouses and barns, as the latest weekend storm brings three to five inches of snow, topped off by up to a half-inch of rain in some areas.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-22/roof-collapses-mount-across-boston-region-in-weekend-snow-rain

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  81. From Bloomberg, Feb 22, 2015, 11:00:01 AM

      Tharman Shanmugaratnam, Singapore’s finance minister, speaks during a television interview on the opening day of the St. Petersburg International Economic Forum in St. Petersburg, Russia, on June 20, 2013. Photographer: Andrey Rudakov/Bloomberg

    (Bloomberg) — Singapore’s Finance Minister Tharman Shanmugaratnam may include more welfare benefits in a budget Monday that’s potentially the current administration’s last before an election that has to be held by January 2017.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-22/singapore-set-to-prime-vote-with-welfare-boost-southeast-asia

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  82. From Bloomberg, Feb 23, 2015, 3:24:39 AM

      Pedestrians and shoppers cross a road junction near Piccadilly Circus in London, U.K. There are reasons to be optimistic about Europe’s biggest equity market. The U.K. economy is forecast to grow by 2.6 percent this year, more than double the pace of its euro-area neighbors. Consumer confidence is at a 2005 high, while unemployment has fallen to a six-year low of 5.7 percent. Photographer: Jason Alden/Bloomberg

    (Bloomberg) — It took more than 15 years, but U.K. stocks have finally recovered from the tech bubble.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/ftse-100-s-bumpy-rise-means-u-k-can-join-the-all-time-high-club

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  83. From Bloomberg, Feb 23, 2015, 12:37:40 AM

      Sharon Brumley pours fusion samples into cone molds to determine the total gold content in a sample at the AngloGold Ashanti Ltd. Cripple Creek & Victor gold mine in Victor/Cripple Creek, Colorado, U.S. Photographer: Matthew Staver/Bloomberg

    (Bloomberg) — AngloGold Ashanti Ltd., the world’s third-largest gold miner, is under no pressure to sell assets and will only do so for “full value,” Chief Executive Officer Srinivasan Venkatakrishnan said.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/anglogold-posts-fourth-quarter-loss-as-ghana-mine-restructured

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  84. From Bloomberg, Feb 23, 2015, 12:00:01 AM

     

    (Bloomberg) — The slump in the euro is reshaping the landscape for exchange-traded funds that buy stocks in the region, catapulting one with built-in currency hedges to the verge of becoming Europe’s biggest equity ETF.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/euro-hedged-fund-poised-to-dethrone-biggest-european-stock-etf

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  85. From Bloomberg, Feb 22, 2015, 9:55:07 PM

      Etsuro Honda, an adviser to Prime Minister Shinzo Abe. Photographer: Andrew Serban/Bloomberg News

    (Bloomberg) — The yen has weakened to a “comfortable” level and the Bank of Japan can hold off expanding stimulus for now, given prospects for a recovery in the economy, said Etsuro Honda, an adviser to Prime Minister Shinzo Abe.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/yen-at-comfortable-level-boj-needn-t-act-for-now-abe-adviser-i6h9um2k

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  86. From Bloomberg, Feb 22, 2015, 9:52:18 PM

      Janet Yellen, chair of the U.S. Federal Reserve. Photographer: Andrew Harrer/Bloomberg

    (Bloomberg) — Treasuries are at the cheapest levels against their Group of Seven peers in eight years. Janet Yellen may indicate whether that’s justified this week.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/treasuries-cheap-to-peers-good-water-cooler-talk-before-yellen

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  87. From Bloomberg, Feb 22, 2015, 7:05:18 PM

      The Greek reform measures are still subject to validation by the International Monetary Fund, the European Central Bank and the European Commission, the institutions collectively known as the troika that Prime Minister Alexis Tsipras vowed not to recognize. Photographer: Yannis Behrakis/Pool via Bloomberg

    (Bloomberg) — Asian stocks declined, with the regional benchmark index retreating from a five-month high, as investors await progress on Greece’s bailout extension and testimony to Congress by Federal Reserve Chair Janet Yellen.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/asian-stocks-advance-to-five-month-high-after-greek-bailout-deal

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  88. From Bloomberg, Feb 22, 2015, 6:52:50 PM

      The 19-nation common currency fell versus the dollar before Federal Reserve Chair Janet Yellen testifies to Congress this week. Photographer: Kosuke Okahara/Bloomberg

    (Bloomberg) — The euro strengthened against the Swiss franc as demand for haven assets receded after Greece reached a deal on extending its bailout program, tempering speculation the nation will exit the currency bloc.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-22/euro-holds-gains-after-greece-reaches-deal-on-bailout-program

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  89. From Bloomberg, Feb 22, 2015, 7:00:00 PM

    (Bloomberg) — What do America’s banks know about the state of the U.S. economy that has them hoarding ultra-safe bonds?

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/bofa-leads-charge-into-bonds-as-banks-build-2-trillion-hoard

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  90. From Bloomberg, Feb 23, 2015, 4:01:45 AM

     

    (Bloomberg) — German business confidence rose for a fourth month as faster economic growth and optimism over European Central Bank stimulus outweighed fears of a worsening Greek crisis.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/german-business-confidence-rises-as-qe-outweighs-greece-concerns

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  91. From Bloomberg, Feb 23, 2015, 3:29:38 AM

     

    (Bloomberg) — HSBC Holdings Plc, struggling to contain a scandal over tax evasion at its Swiss private bank, posted lower-than-expected profit as costs rose and investment banking earnings tumbled. The shares fell.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/hsbc-says-2014-profit-fell-17-missing-estimates-as-costs-rise

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  92. From Bloomberg, Feb 23, 2015, 3:18:03 AM

     

    (Bloomberg) — Apple Inc. plans to spend 1.7 billion euros ($1.9 billion) building data centers in Ireland and Denmark in its biggest-ever European investment, with the facilities set to run services such as iTunes and maps.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/apple-to-build-1-9-billion-data-centers-in-denmark-ireland

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  93. From Bloomberg, Feb 23, 2015, 2:53:01 AM

      “This is further progress in returning Lloyds Banking Group to private ownership, reducing our national debt and getting taxpayers’ money back,” said U.K. Chancellor of the Exchequer George Osborne in the statement. Photographer: Simon Dawson/Bloomberg

    (Bloomberg) — The U.K. government sold a further 500 million pounds ($769 million) of Lloyds Banking Group Plc shares as part of a plan to reduce its stake in the country’s largest mortgage lender in the run-up to May’s general election.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/u-k-government-sells-769-million-of-lloyds-shares-to-cut-stake

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  94. From Bloomberg, Feb 23, 2015, 1:14:48 AM

      Evolution Mining Ltd. is reviewing acquisition opportunities as major commodity producers weigh asset sales in the region, Jake Klein, chairman of the Sydney-based gold producer, said on a Feb. 18 conference call without naming targets. Photographer: Carla Gottgens/Bloomberg

    (Bloomberg) — Barrick Gold Corp., the biggest producer of the precious metal by sales, is working with Credit Suisse Group AG on the possible sale of gold mines in Australia and Papua New Guinea, people with knowledge of the matter said.

    To read the entire article, go to http://www.bloomberg.com/news/articles/2015-02-23/barrick-said-to-work-with-credit-suisse-to-sell-two-gold-mines

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  95. Good morning!  

    Hang Seng opened back up and ended the day flat after a 200-point pop but Shanghai still on vacation and /NKD still not holding 18,500.  India had a sharp sell-off on a corruption crackdown that didn't make the top 1% happy. 

    President of India's Speech to Parliament in Full

    Pranab Mukherjee said that India's government was committed to development for all as it looks to jumpstart the economy and boost investment.

    Indian Outsourcers Struggle to Evolve as Growth Slows

    Japan Shares Hit Fresh 15-Year High

    Shanghai exchange to open doors to foreign short sellers.  Foreign investors will be able to short Chinese shares next month for the first time under the Shanghai-Hong Kong Stock Connect programme, in the latest move by China’s regulators to open up the country’s stock market.

    Chinese Cars Fall Farther Behind

    Europe has been fading since the open as Greek euphoria turns into "so now what?"  HSBC's earnings were a train wreck and yanked the FTSE down (they make up a big percentage) and, of course, Greece isn't officially fixed yet as we await them turning in their weekend homework assignment.  

    Tsipras Can Expect More Humble Pie

    Europe File: Greek leader Alexis Tsipras will have to capitulate on yet more issues if he is serious about putting Greece’s place in the eurozone beyond doubt, says Simon Nixon.

    Greece's Tsipras Is on a High WireGreek Prime Minister Alexis Tsipras walks another high wire over the next 24 hours as he tries to come up with financial measures that satisfy both the demands of euro-region creditors and his anti-austerity party

    An orderly Greek exit is the only option for EuropeThe eurozone will generate spiralling financial instability until it finally implodes or is deliberately dismantled.

    How the eurozone could tear apartA standoff between Greece and its creditors nearly ended in the breakup of the euro project. How could a country leave the currency union?

    How Greece Folded To Germany: The Complete Breakdown

    What Ordinary Greeks Think Of Friday's Deal: "We Went Through Two Months Of Agony To Realize We Are Still A Debt Colony"

    Germany Gives Greece Just Enough Rope: Varoufakis Says If Troika Rejects Reforms "The Deal Is Dead And Buried"

    Putin’s Stealth Incursions Hinder NATO’s Ability to Strike Back

    Kerry Warns of More Russia Sanctions as Ukraine Simmers

    Moody's "Junks" Russia, Expects Deep Recession In 2015

    The Ultimate "Easy Money Paradox": How The ECB's Previous Actions Are Assuring The Failure Of Its Current Actions

    U.S. Units of Deutsche Bank, Santander Expected to Fail Fed’s Stress TestShortcomings seen in how banks measure and predict potential losses and risks. Two large European banks, Deutsche Bank AG and Banco Santander SA, are expected to fail the Federal Reserve’s stress test over shortcomings in how they measure and predict potential losses and risks, according to people familiar with the matter.

    • HSBC (NYSE:HSBC) -4.8% premarket after reporting that profits fell  17% to $18.7B in 2014, down from $22.6B the year before and below the average analyst forecast of $21B.
    • The bank, which faced a significant number of fines and settlements this year, also cut its target for RoE to "more than 10%" from a previous target of more than 12%.
    • "We deeply regret and apologize for conduct and compliance failures…which were in contravention of our own policies," added HSBC, addressing the allegations about tax evasion at its Swiss operations.
    • HSBC chief executive, Stuart Gulliver, has been recently dragged into the tax-evasion scandal after it was claimed that he sheltered millions of dollars in a Panamanian company via its Swiss private bank.

    Our Futures are down about 0.2% but seem to be holding up there on the strong Dollar (94.915 now).  Gold not so hot, at $1,194 after testing $1,190, Silver $16.125, Copper $2.588, Nat Gas $3.03, Gasoline $1.652 and

    Oil falling to $50 but BNO still $22.40 so I like /CL long at this line with tight stops here.  

    Are You Ready For Total Currency War

    The "Liquidity Glut" Springs Eternal: Global Central Bank Easing Quadruples In 2015

    Trickle-Down QE

    The Smart Money Is Selling, Not Buying" Goldman(GS) Warns With Valuations In The "99th Percentile

    Carlyle Hedge-Fund Unit Has Big OutflowWithdrawals follow losses due to investments in Fannie Mae, Freddie Mac. Investors have pulled about $2.5 billion since October from a hedge-fund firm owned by Carlyle Group LP after an outsize bet on mortgage giants Fannie Mae and Freddie Mac led to steep losses last year, people familiar with the matter said.

    The largest US refinery strike in 35 years is killing one fifth of the country's production capacity

    Doctors on demand: Affordable and getting more popular

    The "War On Terror" Turns Inward – DHS Report Warns Of Right Wing Terror Threat

    For now, however, the music is playing. Why? Thanks to management teams, whose equity-linked incentives and compensation go up the higher their stocks goes, which is why companies are forecast to buyback a record $450 billion in stocks, and probably much more, in 2015.

    The bottom line is simple: there is no longer any question if the market is in a bubble: it is, and in fact it is the biggest bubble in history. The only question is who starts the selling avalanche, and when?

    cotd household debt

    msci

    file2

    Shiller PE with rates

    1964 1980 stocks and interest rates

    1978 1990 b

    1990 2014


  96. Rates/Pstas – That's why I posted those charts.  Maybe this time will be different – but I wouldn't bet on it.  

    Webinars/Pstas – That is a good idea.  When you watch them, please create keywords and send them to Greg (or you can just add them in the comments for each video) and then he can create a searchable database.

    Pipelines/Scott – I know it seems that way but the trusts and ETFs that had pipelines got hammered last time oil crashed, which simply made me decide I didn't understand that market well enough to play it – so I don't.  I think a lot of them get paid for FLOW, not for oil sitting around in their pipes – kind of a meter thing.  That means, like a fabless semi – you have to dig deep into their contracts to get a handle on their business and, of course, a thing like the TPP could drain huge amounts of business from competitors and rail cars are competing as well.

    Big Chart – Big Breakout or big spike – this week will tell.  

    Interesting they have doveish Lockhart speaking right before they have to sell 7-year notes on Thurs.  

    French/StJ – Actually, I technically do speak it but not in the last 20 years except for a week in Paris with Tina.  I sucked at it when I did speak it, even after spending a whole summer in France when I was in college.  I have no ear for languages, though my cousin speaks 7 fluently and lectures at Lille.  Of course she can't do math…