Author Archive for Zero Hedge

With The Lowest Volume Since Q1 2014, The Global M&A Boom May Be Over

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Global M&A fell off a cliff in Q1, with volume levels not seen since Q1 2014. Dollar volume was down 49.2 percent sequentially, and 13.8 percent on a YoY basis.

According to Goldman Sachs, economic uncertainty, higher levels of volatility, and uncertainty around global central bank activity all played a role in the slowdown.

From Goldman’s 10-Q

During the first quarter of 2016, our business activities were negatively impacted by a challenging operating environment characterized by economic uncertainty, higher levels of volatility and significant price pressure across both equity and fixed income markets, particularly during the first half of the quarter. These factors, as well as uncertainty around global central bank activity, impacted investor conviction and risk appetite for market-making activities, and industry-wide equity underwriting and mergers and acquisitions activity for investment banking activities.

The question is whether or not the slowdown is indicative of the M&A boom being over, or is it just a temporary hiccup. Using Goldman’s rationale, the boom may just be over.

Economic uncertainty abounds after the US posted a Q1 GDP of dismal .5%, and central bankers are as confused as they ever were, with planners unable to come to a consensus on who can intervene in the markets, or when, and whether or not it’s ok for the US to raise rates.

If the M&A boom is over, here are the banks that will be hardest hit by the slowdown

As the WSJ points out, banks such as Goldman Sachs and JP Morgan have diversified enough businesses where they can absorb some of the slowdown in M&A, but the smaller boutique firms such as Lazard, Evercore Partners, Greenhill, Moelis, and Houlihan Lokey don’t have that luxury, and may see shares hit the hardest over the coming months because of it.

As the very same conditions persist throughout the second quarter that drove such a severe slowdown in the first quarter, it’s reasonable to expect that the M&A boom may have just hit the wall.





Northwest Territorial Mint Scandal: Investors Had Fair Warning On This Blowup As Well

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Clint Siegner of Money Metals Exchange

Northwest Territorial Mint Scandal: Investors Had Fair Warning On This Blowup As Well

The news unfortunately just keeps getting worse for customers and

creditors of Northwest Territorial Mint. The prominent bullion dealer

located near Seattle, Washington filed for bankruptcy court protection

at the end of March. The losses of customers who never received delivery

of orders plus the losses of other creditors could be as high as $50

million, according to news reports.

The U.S. Trustee in charge, Mark Calvert, recently estimated

the firm has $56 million in liabilities and only $6.4 million in

assets. He figures the recovery for unsecured creditors will be less

than 10%.

Northwest Territorial’s former owner, Ross Hansen, seems to be

blaming the bankruptcy on a defamation lawsuit that he and his firm

recently lost.

The judgment was $38.3 million in total and the court ordered Hansen

to pay $12.5 million promptly. He filed for bankruptcy protection

instead.

The libel damages stem from a website Hansen created apparently to

wage a campaign comparing a former landlord to infamous Ponzi scheme

operator Bernie Madoff.  He and the former landlord apparently had some

disagreements.

Ironically, it appears Hansen is the one who may have something in common with Madoff. At a creditor’s meeting last week, trustee Calvert said, “Based on our analysis to date, the bullion sale of operations have attributes of a Ponzi scheme.”

The libel judgment may have been the final straw, but it wasn’t the

only problem. Customers who ordered from this mint often experienced

extraordinarily long delivery delays – 8 to 10 weeks, and even as long as 6 months.

Calvert believes the funds received for new orders were used to buy

metal needed to deliver orders placed long before. If that’s the case,

the mint was effectively borrowing money from its hapless customers to

finance its business. And this practice may have been going on for as

long as a decade. Yet, remarkably, customers continued to do business

with the mint even as most other precious metals dealers across America

make immediate delivery.

The bankruptcy, the potential…
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Why China Is Being Flooded With Oil: Billions In Underwater OPEC Loans Repayable In Crude

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

According to Reuters, this is precisely what happened in the years preceding the great 2014-2015 oil bust: “poorer oil-producing countries which took out loans to be repaid in oil when the price was higher are having to send three times as much to respect repayment schedules now prices have fallen.”

As a result, the finances of countries such as Angola, Venezuela, Nigeria and Iraq have been crippled, in the process creating further division within the Organization of the Petroleum Exporting Countries.

But while these already poor and corrupt OPEC nations were the biggest losers, one country was a huge winner, the country that provided the billions in virtually risk-free, oil-collateralized loans to any country that requested them. China. The same China which has once again proven smart enough to not demand repayment in fiat but in physical commodities, be they oil, copper or gold.

Take Angola for example: Africa’s largest oil producer has borrowed as much as $25 billion from China since 2010, including about $5 billion last December, which according to Reuters forced its state oil firm to channel almost its entire oil output toward debt repayments this year. 

Or Venezuela: ever since 2007, China, which has become Venezuela’s top financier via an oil-for-loans program, has funneled an amazing $50 billion into the Chavez first and then Maduro regimes, in exchange for repayment in crude and fuel, including a $5 billion deal last September.  While details of the loans have not been made public, analysts from Barclays estimate Caracas owes $7 billion to Beijing this year and needs nearly 800,000 bpd to meet payments, up from 230,000 bpd when oil traded at $100 per barrel.

Oil pumps are seen in Lake Maracaibo, in Venezuela

Ecuador, one of OPEC’s smallest member countries, borrowed up to $8 billion from Chinese and Thai firms, repayable with oil, between 2009 and 2015, according to the national oil company

Many other countries have borrowed money from China (and others such as producers Exxon, Shell and Lukoil, as well as traders Vitol and Trafigura) and promised to repay in oil included Nigeria, Iraq, Venezuela and others.

Fast forward to today when Angola, Nigeria, Iraq, Venezuela and Kurdistan are due to repay a total of between $30 billion and $50 billion with oil, Reuters calculates. Repaying $50…
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Clinton Adviser, Nobel Prize Winning Economist Endorsed Venezuelan Socialism

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Tho Bishop via The Mises Institute,

Venezuela is in a state of complete crisis. The country has been forced to face the horrors of hyperinflation, food shortages, and devastating depression. In spite of having the world’s largest oil reserves, the country has had to resort to rationing electricity. A horrifying article by the New York Times depicts the state of Venezuelan hospitals, with children dying by the day due to a lack of medicine and basic supplies.  

This is the terrifying reality of socialism, the inevitable consequence of the economic policies of the late Hugo Chavez and his successor, Nicolás Maduro.  Since 1999, the two socialist administrations championed price controls, nationalization of industries, and wealth redistribution.

While it is not surprising to see these policies supported by Marxist politicians, what is deeply troubling is the amount of support the Venezuelan model has received from prominent economists over the years. During a visit in 2007, Joseph Stiglitz, who received the 2001 Nobel Prize in economics, praised what he called “positive policies” of the Chavez administration:  

Venezuelan President Hugo Chavez appears to have had success in bringing health and education to the people in the poor neighborhoods of Caracas. … It is not only important to have sustainable growth, but to ensure the best distribution of economic growth, for the benefit of all citizens.

What should alarm Americans is that Stiglitz, who has been described as an “influential advisor to Hillary Clinton,” appears determined to bring similar policies here.

Last year, as chief economist for the Roosevelt Institute, Stiglitz called for “rewriting the rules of the American economy” in a crusade against income inequality. His policy recommendations include higher taxes, more “smarter” regulation, and having the Federal Reserve focus more on unemployment than keeping inflation low — a call for an even more activist Fed than we’ve had since 2008.

It is ironic that Stiglitz has chosen to brand his policy recommendations as some new innovative concept for the country, when it is simply doubling down on the interventionist policies that the nation has suffered from for over 100 years.

Unfortunately, hearing such drivel come from a Nobel Prize winner isn’t surprising. Karl-Friedrich Israel has recently noted how the Nobel Prize has a…
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Q1 2016 Canadian Silver Maple Sales Surge To Highest Record Ever

Courtesy of ZeroHedge. View original post here.

Submitted by SRSrocco.

srsroco

By the SRSrocco Report

The Royal Canadian Mint just published its Q1 2016 Report, and the silver bullion coin sales figures were stunning to say the least.  Not only did sales of Canadian Silver Maple Leafs surpass its previous record during the third quarter last year, it did so by a wide margin.

Why is this such a big deal?  Because Q1 2016 sales of Silver Maples topped the Q3 2015 record, without surging demand and product shortages.  Last year, there was a huge spike in silver retail investment demand due to the supposed “Shemitah” or the collapse of the broader stock markets.  Investors piled into silver in a big way as they perceived a year-end market crash was inevitable.

During last August and September, some websites stated 2 month delivery wait times for certain products such as Silver Eagles and Silver Maples.  With the huge spike in demand, sales of Canadian Silver Maples reached 9.5 million oz (Moz) in Q3 2015.  Although, once investors became more relaxed as the broader markets turned around, demand for physical silver investment cooled down.  Thus, Silver Maple sales declined to 9.1 Moz in the last quarter of 2015.

However, something very interesting took place during the first quarter this year.  Sales of Silver Maples jumped to an all-time record high of 10.6 Moz:

Q1 2016 Silver Maple Sales

Actually, I was quite stunned by the figures published in the recent Royal Canadian Mint Report.  Sales of Silver Maples jumped 1.1 Moz in Q1 2016 vs Q3 2015, with no real spike in overall retail investment demand.  Which means, investors bought more Silver Maples in Q1 2016 than any other quarter in history.

Furthermore, if Silver Maple sales continue to be this strong, the Royal Canadian Mint is on track to sell over 40 Moz compared to the 34.3 Moz in 2015.  If Silver Eagle sales also continue on their strong trend of 1 Moz per week, the U.S. Mint could sell over 50 Moz of these coins.  Together, these two official mints could sell over 90 Moz of Silver Eagles and Maples in just one year.

This goes to show investors who are frustrated by the short-term price moves of gold and silver, that the market continues to purchase record volumes of these…
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More Young Americans Live With Their Parents Than At Any Time Since The Great Depression

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As we’ve reported, while millennials continue to earn less and drown in debt, they have resorted to living at home in order to cut costs and save money.

The trend of millennials returning home to live with their parents has even gotten to the point where one out of six home buyers have or plan to have a grown child at home, and home builders are building to accommodate that fact.

As a matter of fact, the trend of kids living at home with their parents has gotten so strong that home builders are now designing homes with just that in mind.One out of six buyers have or plan to have a grown child at home” said Richard Bridges, Chicago division sales manager at David Weekly Homes. For a mere $35,000-plus, Richard says the plan can include a bedroom/bathroom suite in a finished basement to accommodate the kids who inevitably will be returning home to live.

Chicago area builder PulteGroup says in their new models, kids can enjoy a bedroom/bathroom suite with a kitchenette and separate living space. “Our NexGen option is the greatest in housing since indoor plumbing.” said Jeff Roos, western regional president at Lennar Corp.

Stunningly, according to new Pew Research Center analysis, 32.1% of all millennials are living with their parents now, which is more than any other time since the great depression!

Interestingly, as Pew also points out, it’s not just the United States facing this issue. While in the US 32.1% of millennials are living at home, that number spikes to a mind-boggling 48.1%across the European Union’s 28 member nations.

Hey millennials, welcome to the recovery.





Crude Spikes Above $49 After Biggest Inventory Draw Since 2015

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Following last week’s surprise draw (from the DOE data), API reported a huge 5.14mm draw (against expectations of a 2mm barrel draw) – the biggest since Dec 2015. Bear in mind that last week API reported a large build only to se a major draw in DOE data so perhaps this is catch down from the Canada interruption. Cushing saw its first draw in 4 weeks but Gasoline inventories rose dramatically (+3.06mm vs -1.5mm exp). Crude prices are exuberantly looking to run last week’s high stops on the news, breaking above $49 again.

API

  • Crude -5.137mm (-2mm exp)
  • Cushing -189k (-400k exp)
  • Gasoline +3.06mm (-1.5mm)
  • Distillates -2.92mm (-750k exp)

This is the biggest inventory draw since Dec 18th…

The reaction, understandably, a surge in oil prices – breaking above $49…

Bear in mind, seasonally, the trend is for a draw in May. In fact May of 2015 saw one of the biggest draws of all time at -16.4 million. How did 2015 end?



Charts: Bloomberg





Warning Signs Everywhere

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Lance Roberts via RealInvestmentAdvice.com,

Over the last several weeks, I have discussed the markets entrance into the “Seasonally Weak” period of the year and the breakout of the market above the downtrend line that began last year.

The rally from the February lows, driven by a tremendous amount of short covering, once again ignited “bullish optimism.” 

“Canaccord Genuity’s Tony Dwyer estimates the equity benchmark will end 2017 at 2,340, an increase of 15 percent from Wednesday’s closing level of 2,047.63, with half of the gains coming this year.”

But it is not just Tony that is buying into the “optimistic” story, but investors also as the number of stocks on “bullish buy signals” has exploded since the February lows.

SP500-BullishPercent-052416

While the “bulls” are quick to point out the current rebound much resembles that of 2011, I have made notes of the differences between 2011 and 2008. The reality is the current market set up is more closely aligned with the early stages of a bear market reversal.

It is the last point that I want to follow up with this week.

There is little argument that the bulls are clearly in charge of the market currently as the rally from the recent lows has been quite astonishing. However, as I noted recently, the current rally looks extremely similar to that seen following last summer’s swoon.

SP500-DailyChart-052416

Well, here we are once again entering into the “seasonally weak” period of the year. Will the bullish hopes prevail? Maybe. But.

Warning Signs Everywhere

Many have pointed to the recent correction as a repeat of the 2011 “debt ceiling default” crisis. Of course, the real issue in 2011 was the economic impact of the Japanese tsunami/earthquake/meltdown trifecta, combined with the absence of liquidity support following the end of QE-2, which led to a sharp drop in economic activity. While many might suggest that the current environment is similar, there is a marked difference.

The fall/winter of 2011 was fueled by comments, and actions, of accommodative policies by the Federal Reserve as they instituted “operation twist” and a continuation of the “zero interest rate policy” (ZIRP). Furthermore, the economy was boosted in the third and fourth quarters of 2011 as oil prices fell, Japan manufacturing came back on-line to fill the void of pent-up demand…
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Gold Drops, Oil Pops As Another Volumeless Buying-Frenzy Strikes Stocks

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

We begin today’s end of day catch up with a report from The Onion that seemed highly appropriate:

NEW YORK – According to a brief but conclusive report released Monday, nobody fucking cares.

“Doesn’t fucking matter,” read the report in part, which went on to inform readers that no one gives two shits, so fuck it. “Seriously. Stop wasting everyone’s goddamn time.”

The report further urged those who still hadn’t shut up about it to quit acting like fucking idiots and just give it a rest, for Christ’s sake.

As following the overnight strength – on a Brexit poll of 1000 people that suggested Brexit fears overblown – the ridiculous beat in new home sales (at a record high price)…

…sparked sheer panic bids in homebuilder stocks.. and pretty much everything else. Dow Futures soared 300 points off the overnight lows… (we saw this manic pattern last week)

Trannies were the laggard on the day but bounced off unch for the week, Small Caps are leading…

Futures show the overnight exuberance…

For context today’s spikes in stocks – the biggest since March – were very technical – all breaking their 50-day moving-averages…

As the short squeeze comes on again…US Open and EU Close sparked big squeezes in “most shorted” stocks – doubling the performance of the market…biggest 3-day short-squeeze in 6 weeks.

Homebuilders were best (with Utes lagging)…

Today’s exuberance lifted The S&P and Small Caps into the green for May…

VIX was jammed down to a 14 handle again…

Treasury yields were far less exuberant than stocks…

But USDJPY 110 was in charge of the day…

Treasury yields all rose on the day but the long-end underperformed (10Y +3bps, 2Y unch) – once again the EU close pivoted the trend from selling bonds to buying them…

The USD Index rose once again (9th day in a row) today (as JPY weakness offset GBP strength – more positive polls) and EUR sunk…

Commodities were very mixed today with copper and crude soaring and PMs dumping… Crude’s 2016 highs…

Charts: Bloomberg





Days After Apple Invests In China’s Didi, Toyota Invests In Uber To Boost Car Leasing

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Less than two weeks after Apple unveiledan unexpected $1 billion investment in China’s Didi Chuxing, an amount some have speculated may be the cost of continuing “business as usual” for Apple’s service offerings in China, moments ago Toyota unveiled that it would inject an undisclosed amount of funds in one of the most valuable private “Decacorns” in the US, Uber.

As Bloomberg reports, Toyota said it is making a strategic investment in Uber Technologies. The purpose behind the investment appears to be to expand the company’s lease vertical as it will offer auto leases to the ride-hailing company’s drivers.

Uber declined to disclose the size of the investment. Toyota wasn’t immediately available for comment. By leasing Toyota cars, Uber will expand its existing program, which also includes Enterprise Holdings Inc.

BLoomberg adds that automakers have been developing alliances with the various global ride-hailing services, with one simple motive: to find partners that can help sell more cars. Gett Inc., an Uber rival in Tel Aviv, said on Tuesday that it raised $300 million from Germany’s Volkswagen AG. Daimler AG acquired a pair of ride-hailing startups in 2014.

In January, General Motors Co. invested $500 million into Lyft Inc., the second-largest U.S. ride-hailing service. GM leases vehicles to Lyft drivers in Chicago, and the companies plan to expand the program. As noted above, in a less obvious deal, Didi Chuxing, the Chinese car-booking giant, received a $1 billion investment from Apple Inc. this month.

“Ridesharing has huge potential in terms of shaping the future of mobility. Through this collaboration with Uber, we would like to explore new ways of delivering secure, convenient and attractive mobility services to customers,” Shigeki Tomoyama, senior managing officer of Toyota, said in a statement.

Indicatively as more car producers shift to a lease-only driven model, it means that the leasing cliff noted here recently will only get greater. The point is to delay the inevitable moment of repricing all those amortized cars to fair value on company balance sheets. Indeed as we noted in “Deflation Is Coming To The Auto Industry As Used Car Prices Drop, Off-Lease Deluge Looms“, the best way to avoid recognizing a lease is to replace it with one or more new leases. That is precisely what Toyota hopes to do with its Uber investment.





 
 
 

Phil's Favorites

Elites vs. Too Much Democracy: Andrew Sullivan's Afraid of Popular Self-Government

 

Elites vs. Too Much Democracy: Andrew Sullivan’s Afraid of Popular Self-Government

By

This post first appeared on BillMoyers.com.

British expatriate writer Andrew Sullivan recently returned to the public eye with a piece that has aroused considerable comment, some of it reasonably on point, ...



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Zero Hedge

With The Lowest Volume Since Q1 2014, The Global M&A Boom May Be Over

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Global M&A fell off a cliff in Q1, with volume levels not seen since Q1 2014. Dollar volume was down 49.2 percent sequentially, and 13.8 percent on a YoY basis.

According to Goldman Sachs, economic uncertainty, higher levels of volatility, and uncertainty around global central bank activity all played a role ...



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Chart School

Household Net Worth: The "Real" Story

Courtesy of Doug Short's Advisor Perspectives.

Note: With today's release of the Federal Reserve's Z.1. Financial Accounts of the United States for Q4 2015, we have updated this commentary to incorporate the latest data.

Let's take a long-term view of household net worth from the latest Z.1 release. A quick glance at the complete data series shows a distinct bubble in net worth that peaked in Q4 2007 with a trough in Q1 2009, the same quarter the stock market bottomed. The latest Fed balance sheet shows a total net worth at an all-time high — 58.9% above the 2009 trough and 28.3% above the 2007 peak. The nominal Q3 net worth is up 1.9% from the previous quarter and 3.1% year-over-year.

...



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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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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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