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Ukraine Issues Statement On “Illegal” Entry By Russian Convoy, Warns Of “Planned Provocation”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Because the comedy never ends. Btw, how is that “evidence” of a destroyed Russian convoy coming along… or the MH-17 ATC tapes? Any minute now?

From the Ukraine Ministry of Foreign Affairs:

Statement of the MFA of Ukraine in connection with illegal crossing of the state border of Ukraine by the Russian convoy

 

On August, 22 Russia began smuggling humanitarian aid to Ukraine, ignoring established international rules, procedures and agreements, without the consent and escort of the International Committee of the Red Cross.

 

Although the border and customs services of Ukraine have already started clearance of the Russian convoy, in the morning Ukrainian officials were blocked by the Russian forces and detached from the inspection of the rest of the trucks in the column, despite previous agreements and the fact that they had been invited to the territory of Russia. We are concerned about the safety of our employees. Moreover, deep concern is raised because so far neither Ukrainian side nor the ICRC are aware of the content of the cargo.

 

The fact that Russian trucks entered the territory of Ukraine without proper border and customs procedures and that the cargo was not donated to the representatives of the International Committee of the Red Cross indicates deliberate and aggressive nature of Russia’s actions.

 

As we have previously emphasized the Russian side is fully responsible for the safety of the cargo. It is important to note that the Ukraine has already taken all necessary measures to ensure the security of the cargo.

 

In order to prevent any provocations we have issued all necessary instructions for the safe passing of the convoy. Despite all attempts by the Ukrainian side the contact between the General Staff of the Armed Forces of Ukraine and the one of Russia, has not been established, which is critical to ensure security along the route. We point out that terrorists carry out mortar attacks along the possible route of the cargo.

 

We also are not aware of the content of the agreements of the Russian side with Luhansk insurgents and we do not exclude the possibility of any planned provocation.

 

We consider this act to be another flagrant violation of the fundamental principles of international law, including inviolability


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Roundup Of Key Research Papers At Jackson Hole

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With all eyes and ears firmly focused Janet Yellen’s opening oratory this morning (due at 10ET), the contents of the rest of the conference appear to have been forgotten (and yet in the past have been among the most crucial to comprehend central banks’ actions after the fact – forward guidance and QE for 2). As Bloomberg BusinessWeek reports, robots don’t steal jobs, the U.S. labor market is less flexible than it was, and workers haven’t suffered unprecedented periods out of work (and rehiring odds are the same as always), are among the conclusions of key papers being presented at the symposium, along with (unsurprisingly) findings that policymakers would benefit from a better understanding of labor market dynamics. The following is a brief review of their contents…

Robots and computers don’t steal as many jobs as some believe, and automation actually benefits many workers, Massachusetts Institute of Technology Professor David Autor said in his paper.

A key reason humans aren’t obsolete yet is that simple tasks such as visually identifying a chair, which any child can do, aren’t so easy for engineers to teach to computers, Autor said.

 

Journalists and expert commentators overstate the extent of machine substitution for human labor and ignore the strong complementarities that increase productivity, raise earnings, and augment demand for skilled labor,” he wrote. “Challenges to substituting machines for workers in tasks requiring flexibility, judgment, and common sense remain immense.”

The U.S. labor market became less fluid in recent decades partly because of an aging workforce, a shift to older businesses, and the spread of occupational licensing and certification, economists Steven J. Davis and John Haltiwanger wrote in their paper.

The economists define labor market fluidity as “flows of jobs and workers across employers.” The paper found the U.S. “underwent a large, broad-based decline in the pace of labor market flows in recent decades.”

“An aging workforce is a factor behind the slowdown of worker reallocation,” the paper said.

Other factors they found included the “information revolution in hiring practices”; minimum wage laws; and “job lock” associated with employer-related health insurance.

US workers in the aftermath of the 2007-2009 recession haven’t experienced unprecedentedly long bouts of non-employment, according to a paper by economists Jae Song and Till
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Dour Comments By China’s Leading Supply Chain Manager Reinforce Citi’s View For €1 Trillion ECB QE

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While the US Q2 earnings season is now largely in the history books, an interesting place to get some additional commentary on the world economy is none other than China’s leading global sourcing/supply-chain management firm Li & Fung, which “supplies high-volume, time-sensitive consumer goods from an extensive global network of suppliers and distributors”, which had some interesting comments on the current state of global economic developments.

Here is the summary of their latest results commentary from Deutsche Bank:

Li & Fung’s latest results yesterday offered some interesting anecdotes. The company’s performance for the first 6 months was hampered by ongoing macroeconomic weakness, geopolitical and weather events in its key destination markets (US and Europe). Price discounting remains a theme in US retail even beyond the end of June. The company also noted a reduction of foreign tourist flow by Russian tourists into Europe which is affecting retail markets there. This fits consistently well with some of the ECB’s geopolitical concerns outlined at its previous policy meeting.

In short, hardly the stuff “escape velocity” global recoveries are made of. The good news: considering the ongoing weakness in both the European and Chinese economy, this surely means, at least according to Wall Street penguins, that more easing is due any minute out of both the ECB and China. And sure enough, moments ago Citi’sGuillame Menuet saaid that the ECB will likely launch a €1 trillion QE some time in Q4.

From the note: “ECB QE: Why, When and How

Reinforcing our QE view — The euro area recovery is struggling, as evidenced by Q2 GDP reports and Q3 surveys. Downside risks to economic activity, a still-strong euro, large output gap and persistent undershooting of its inflation target, all point even more strongly to the ECB announcing a large QE programme soon.

 

December more likely to September — We do not expect QE to be announced at the September meeting, mainly because of expectations that the June policy decisions will ease funding conditions further, uncertainty pertaining to the AQR and ECB stress tests, and the ECB’s hope of strong bids at the Sep and Dec TLTROs. However, we believe that the consensus underestimates the likelihood of QE in late Q4-14


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Russia Busts European Sanctioned-Fruit Smuggling Ring

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Just days after Russia banned the import of various foods from sanctions-supporting nations, VZ reports Russia’s food safety ministry Rosselhoznadzor has discovered fruit being smuggled in via Belarus that was restamped as being from Zimbabwe and various other non-sanctioned nations. It appears the smuggling nation culprits are Poland, Slovenia, and Greece and Russia is now “actively monitoring the situation,” suggesting they may extend import bans to Belarus also if the situation continues. In addition, Rosselhoznadzor intends in the future to move to a system of electronic certification of goods in transit.

 

As VZ reports (via Google Translate),

Rosselhoznadzor for a few days gave delivery to Russia via Belarus parties apples, peaches, plums, tomatoes without specifying the country of origin or an indication of permitted Turkey, Serbia, Macedonia, and a number of African countries, including Zimbabwe. However, phytosanitary documents of origin have not been parties or they caused suspicion among Russian inspectors. During the inspection it was found that fruits and vegetables imported from Poland, Slovenia, the Netherlands, Lithuania and some other EU countries, he continued. A number of parties had no permits phytosanitary documents Belarus.

 

“Some EU countries have started to send products to Belarus, without specifying the actual country of origin. and we found that it is Poland and Greece, because there is no evidence of Macedonian origin”, – he said, reports ITAR-TASS .

 

“We are actively monitoring the situation and will promptly verify the origin of dubious parties to prevent the supply of so-called countries cover”, – he said.

 

In terms of sanctions phytosanitary certification transit of European goods lies on Belarus recalled Dankvert. “If we have a detection of quarantine objects, we impose restrictions on the supply of Belarus”, – he said.

 

Rosselhoznadzor intends in the future to move to a system of electronic certification of goods in transit, continued Dankvert. In the meantime, the agency is in contact with the authorized supplier countries, and intends to establish the involvement of buffer states to the issuance of phytosanitary documents for re-export products.

 

In addition, Rosselhoznadzor intends to monitor re-dairy, meat and fish products through Switzerland, Kazakhstan and the Faroe Islands, continued to head the agency. “In Switzerland, while no cases at the Faroe Islands, too –


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Frontrunning: August 22

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

  • Ukraine accuses Russia of invasion after aid convoy crosses border (Reuters)
  • Hunt for Foley’s Killer Spans Old Policing and Tech Tools (BBG)
  • U.S. Probe Examines GM Lawyers (WSJ)
  • Argentina accuses U.S. Judge Griesa of “imperialist” attitude (Reuters)
  • Violence-weary Missouri town sees second night of calm (Reuters)
  • Geneva Banks Break 200-Year Silence to Unveil Earnings (BBG)
  • Richest Jailed Putin Foe Says Ukraine Fears Sparked Prosecution (BBG)
  • Disclosure of Failed Attempt to Rescue James Foley Is Criticized (WSJ)
  • Execution of U.S. journalist reveals the changing business of war coverage (Reuters)
  • Confronted With Grisly Images, Twitter Is Walking a Fine Line (WSJ)
  • American’s 3-Class Jets Dwindle as First Class Fades Away (BBG)
  • Apple iPhone 6 screen snag leaves supply chain scrambling (Reuters)
  • Citigroup Earning Less From Tokyo Than CEO Salary (BBG)
  • Oklahoma City policeman arrested for raping women while on patrol (Reuters)
  • Accounting scandal just the latest of Penn West’s problems (G&M)

 

Overnight Media Digest

WSJ

* The Obama administration’s decision to release secret details of an unsuccessful mission in Syria last month to rescue several Americans held captive by extremists is raising concerns that the disclosure could make it harder for the military to carry out similar operations in the future. (http://on.wsj.com/1ohyaI6)

* The beheading of journalist James Foley has prompted American officials to begin working to knit together a broader international campaign to combat the extremists of the Islamic State, an effort that the Pentagon, headquarters of the U.S. Department of Defence, warned that it will require taking the fight beyond Iraq and into neighboring Syria. (http://on.wsj.com/1qvryY6)

* The police response to the unrest in Ferguson, Missouri, has been criticized for a lack of coordination, but experts say the fast-moving situation was difficult to manage. (http://on.wsj.com/1ohyp65)

* U.S. Federal prosecutors are scrutinizing whether employees inside and outside General Motors Co’s legal department concealed evidence from regulators about a faulty ignition switch, potentially delaying a recall of vehicles with the fatal problem, according to people familiar with the matter. (http://on.wsj.com/1msf02C)

* Central bankers gathering for the Jackson Hole conference in Wyoming confront a global economy that has once again disappointed, leaving them reluctant in some places and unable in others to…
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Russian Humanitarian Convoy Enters Ukraine Without Authorization; Ukraine Considers Move “Direct Invasion”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Update: the farce is complete, although at least this time it didn’t take Ukraine several hours to fabricate then unfabricate its plot line, because literally minutes after it accused Russia of invading, Ukraine’s foreign minister said the convoy was “allowed” to avoid provocations. He added that the rebel militants are using mortars on the convoy route and that it had taken all necessary steps to ensure cargo safety but that Russia wouldn’t discuss security for the convoy.  Nonetheless it still accused Russia’s convoy of breaking international law and said that convoy would go to separatists, not civilians, and called on its “international partners” (we suppose it means the CIA here, which apparently is feeding it this ridiculous script) to condemn the Russian convoy.

From Bloomberg:

  • UKRAINE SAYS ALLOWED RUSSIAN CONVOY IN TO AVOID PROVOCATIONS
  • NALYVAYCHENKO SAYS WILL GO TO SEPARATISTS, NOT CIVILIANS: IFX
  • UKRAINE SAYS RUSSIA WOULDN’T DISCUSS SECURITY FOR CONVOY
  • UKRAINE SAYS IT TOOK ALL NECESSARY STEPS TO ENSURE CARGO SAFETY
  • UKRAINE SAYS RUSSIAN CONVOY IS BREAKING INTERNATIONAL LAW
  • UKRAINE HAS CONCERNS OVER CONTENTS OF UNCHECKED RUSSIAN TRUCKS

Finally:

  • UKRAINE WILL NOT USE ANY FORCE AGAINST RUSSIAN AID CONVOY, WISHES TO AVOID “PROVOCATIONS” – UKRAINIAN STATE SECURITY CHIEF NALIVAYCHENKO

Translation: it will accuse “rebels” of a direct attack on the Russian convoy when it happens, blaming Russia for trying to stage an attack so Russia has a provocation pretext to really invade, as opposed to the fake “invasion” Ukraine accused Russia of just moments ago.

In other words, the “MH17 scenario” is now in play, with the question not so much if and who “provokes” the Russian convoy in the coming days, but how Russia will react to it. It appears that contrary to expectations, today will be another trading session in which the main catalyst will be not Jackson Hole but Ukraine once again, as algos react, in an already illiquid market, with extended momentum to each and every contradictory headline.

Finally, with a scenario evolving in such a farcical and chaotic fashion, one wonders if John Kerry somehow managed to sail his sailboat into Kiev and is currently giving the Ukraine government the play by play.

 


Here we go again. Precisely a week after the fabricated headlines last Friday that Ukraine had blown up…
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Buy Physical Gold and Silver Bars – Ex Mafia Boss

Courtesy of ZeroHedge. View original post here.

Submitted by GoldCore.




Michael Franzese, the former powerful mafia boss turned motivational speaker and author, warned on CNBC that stocks are a bubble, Wall Street is crooked and advised people to own physical gold and silver bars.


Asked for his “top investment tips,” Franzese told CNBC:


“I did a lot of things at times with people on Wall Street and I don’t trust them … that is the bottom line … a lot of [Wall Street] guys are shady and they did shady things with me and I don’t trust them. And I don’t like other people that I don’t know really well taking care of my money. I think that I can do it better.”


Regarding stocks he said he thinks “there is a bubble there and when it bursts it is not going to be good.”

He said he would not invest in gold ETFs, rather he owns physical bars:

“No matter what, it’s <bullion bars> always going to have a value and there will always be something there.”



“Unlike stocks, where in our country, you go to sleep, everyone tells you everything is wonderful, you wake up and everything is gone. We have experience that. Fortunately, I wasn’t invested at the time.”

The interviewer asks “it sounds like you are bracing for Armageddon?”

Franzese says “Well I don’t think so … that’s been my experience and I have done that successfully and like I said I always have something to hold onto.”

Regarding diversification, he agrees with diversification but says you need to have knowledge and understand what you are investing in and not allow others to pick investments for you.

The Colombo crime family’s former boss – Michael Franzese – says even he doesn’t trust Wall Street.


Franzese – played by Joseph Bono in the 1990 Martin Scorsese movie “GoodFellas” – spent 10 years in prison after he was convicted on federal racketeering charges.


When he was 35, Franzese ranked number 8 on Fortune Magazine’s list of the 50 most wealthy and powerful mafia bosses. 44 of
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Futures Tread Water As Ukraine Tries To Steal The Jackson Hole Scene

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While today’s key events were supposed to be the Jackson speeches first by Janet Yellen at 10:00am Eastern and then by Mario Draghi at 2:30 pm, Ukraine quickly managed to steal the spotlight yet again when moments after the first Russian humanitarian aid convoys entered Ukraine allegedly without permission, Kiev first accused Russia of staging a direct invasion, even if moments later it changed its tune and said it had allowed the convoy in to “avoid provocations.” In other words, your daily dose of Ukraine disinformation, which initially managed to push futures down some 0.3% before futs regained virtually all losses on the subsequent clarifications. Expect much more conflicting, confusing and very provocative headlines out of Kiev as the local government and the CIA try to get their story straight.

In terms of overnight markets, Asian equities and credits are mostly firmer ahead of Jackson Hole. The Shanghai Composite ad HSCEI indices are both around 0.2% as they recover somewhat from yesterday’s disappointing flash manufacturing PMI. Chinese stocks are poised to close higher for the 6th consecutive week in what would be its longest streak since March 2012. Elsewhere in Asia the Nikkei is flat on the day while the Hang Seng and the KOSPI are +0.4% and +0.5%, respectively. Turning to credit, Asian IG cash continues to grind tighter amid very light supply. Key benchmarks are about 1bps tighter as we type. The UST 10-year yields are a touch firmer at 2.40% while the Dollar index is unchanged.

After initially opening flat, European equities drifted slightly lower ahead of the US crossover on position squaring ahead of Fed Chair Yellen’s appearance at Jackson Hole. The financials sector is slightly supporting the indices as European bank stocks look forward to ECB’s Draghi speech in Wyoming, expected to stress the broad divergence in monetary policy between the US and the Eurozone. Vodafone (+1.1%) shares traded in minor positive territory this morning after AT&T bid chatter was recycled in UK press. US stock futures trade relatively flat ahead of the open, with record highs still well within reach. In pre-market news, Apple (AAPL) are reportedly suffering from supply chain issues, with the drive for a thinner iPhone model is causing backlight issues, with the supply chain source remaining unsure on whether this could delay release.…
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The Secret Playbook of Internet Trolls

Courtesy of ZeroHedge. View original post here.

Submitted by George Washington.

Pleased to meet you
Hope you guess my name
What’s confusing you
Is the nature of my game

- The Rolling Stones

The reason that Internet trolls are effective is that people still don’t understand their game.

There are 15 commonly-used trolling tactics to disrupt, misdirect and control internet discussions.

As one interesting example, trolls start flame wars because – according to two professors – swearing and name-calling shut down our ability to think and focus.

And trolls will often spew divisive attacks so that people argue against each other, instead of bad actions and policies of the powers-that-be.   For example, trolls will:

Start a religious war whenever possible using stereotypes like “all Jews are selfish”, “all Christians are crazy” or “all Muslims are terrorists”.

Yesterday, the alternative news site Common Dreams caught a troll using scores of different user names to spew anti-Semitic bile. (Common Dreams discovered that the same troll was behind the multiple user names by tracking their IP addresses. And the troll confessed to Common Dreams.)

The troll is a “a Jewish Harvard graduate in his thirties who was irritated by the website’s discussion of issues involving Israel”.

He posted anti-Semitic diatribes – such as Hitler should have finished the job and killed all Jews – using one alias.  Then – a couple of minutes later – he’d post an attack on the first poster using a different alias, claiming that criticism of Israel is the same thing as anti-Semitism.  (Note: Holocaust survivors and Israeli ministers say it’s not.)

Why would a Jew post vile anti-Semitic comments?  Because normal people are offended by – and don’t want to be associated with – pure, naked anti-Semitism, and so they will avoid such discussions.  If the discussion was originally criticizing a specific aspect of Israeli policy, the discussion will break down, and the actual point regarding policy will be lost.

Similarly, anti-Semitic posts weaken websites by making them seem less reputable. Indeed, Common Dreams says that the troll’s anti-Semitic comments drove away many of that site’s largest
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Chuck Hagel Goes Full Fearmonger: “ISIS Poses Greater Threat Than 9/11, Prepare For Everything”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

US Secretary of Defense Chuck Hagel talks about the “imminent threat” ISIS poses to the US and the World.. .and pulls no punches in his total fearmongery…ISIL poses a threat greater than 9/11. ISIL is as sophisticated and well funded as any group we have seen. They’re beyond just a terrorist group. They marry ideology with a sophisticated strategic and tactical military prowess and they’re tremendously well-funded. This is way beyond anything we have seen. We must prepare for everything. Get Ready! Time for some QE-funded deficit-busting war spending…

 

 

 

Clip 1…

“They’re beyond just a terrorist group. They marry ideology with a sophisticated strategic and tactical military prowess and they’re tremendously well-funded. This is way beyond anything we have seen. We must prepare for everything. Get Ready!

 

 

Clip 2…

“Evidence is pretty clear. When we look at what they did to Mr Foley and threatend to do to all Americans and Europeans. There is no other way to describe it but barbaric. They have no standard of decency of responsible human behavior. They are an imminent threat to every interest we have.





 

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!

 
 

Chart School

Joe Friday: Waiting on the Commodity Bounce

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

Commodity Bulls were easy to find in April of 2011, as 70% of investors felt like Commodities were the place to be. Since then Commodity ETF DBC is down 20%. Did it pay to follow the crowd or go against it in 2011?

Investors feel a little bit different about Commodities at this time, as bullish sentiment at (3) has declined to 30% bulls.

Crude Oil (upper left chart) is testing a 5-year support line and the Thompson Reuters Commodity Index (upper right chart) is testing a 4-year support line at the same time.

It paid to go against the crowd in April of 2011. Will it pay to go against the crowd now at (3)?

...

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Zero Hedge

Ukraine Issues Statement On "Illegal" Entry By Russian Convoy, Warns Of "Planned Provocation"

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Because the comedy never ends. Btw, how is that "evidence" of a destroyed Russian convoy coming along... or the MH-17 ATC tapes? Any minute now?

From the Ukraine Ministry of Foreign Affairs:

Statement of the MFA of Ukraine in connection with illegal crossing of the state border of Ukraine by the Russian c...



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Phil's Favorites

Time to Short the US Dollar? Go Long Commodities?

Courtesy of Mish.

Is it time to short the dollar? Saxo bank chief economist Steen Jakobsen thinks so. Via email from Steen ... What is wrong with changing your mind because the facts changed? But you have to be able to say why you changed your mind and how the facts changed. Lee Iacocca

My biggest call all year has been for global lower rates,  and in particular lower core country (Germany, Denmark, and US) yields led by this magic trinity of factors:

1. China and Asia rebalancing growth away from nominal to quality growth
2. US current account deficit reduced by 50%  (see chart below)
3. A Europe where Germany will pay the price for the first two factors with a lag of six to nine months. 

The headline call was and remains that Germany will be close to recession by Q4-2014 or Q1-2015 setting up a desperate ECB and a E...



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Insider Scoop

Point72 Still Under A Cloud As President Plans To Step Down

Courtesy of Benzinga.

Related SPY 3 Reasons To Follow The Big Dog In Natural Resources Fed Issues FOMC Minutes from Jul. 29-30th, 2014 Meeting Dow 17K: A Story of Recovery, Perseverance (Fox Business)

Hedge fund giant Point72 Asset Management said its president, Thomas Conheeney, will step down at the end of 2014 and be succeeded by Douglas Haynes, managing director for human capital at Point72.

Formerly known as SAC Capital Advisors,...



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Option Review

CME Group Put Options Active

Options volume on the provider of futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals and alternative investment products is well above average on Thursday morning, due in large part to a sizable put spread initiated in the 19Sep’14 expiry contracts. Shares in CME Group (Ticker: CME) are up slightly on the day, trading 0.25% higher at $74.34 as of the time of this writing.

The largest trade on CME today appears to be a bear put spread in which roughly 1,500 of the 19Sep’14 74.0 strike puts were purchased at a premium of $1.44 each against the sale of the same number of t...



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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

Sector Detector: Bullish investors jockey for position as if the correction is over

Courtesy of Sabrient Systems and Gradient Analytics

As many investors enjoy the final weeks of summer, some optimistic bulls seem to be positioning themselves well ahead of Labor Day in anticipation of a fall rally. Indeed, last week’s action was impressive. After only a mere 4% correction, investors continued to brush off the disturbing violence both at home and abroad, and they took the minor pullback as their next buying opportunity. But was that really all the pullback we’re going to get this year? I doubt it. But I also believe that nothing short of a major Black Swan event can send this market into a deep correction.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then ...



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OpTrader

Swing trading portfolio - week of August 18th, 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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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.

The Stock World Weekly Newsletter is ready to go! View it here: Stock World Weekly. Just put in your user name and password, or take a free trial. 

 

#120692880 / gettyimages.com ...

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Market Shadows

Helen Davis Chaitman Reviews In Bed with Wall Street.

Author Helen Davis Chaitman is a nationally recognized litigator with a diverse trial practice in the areas of lender liability, bankruptcy, bank fraud, RICO, professional malpractice, trusts and estates, and white collar defense. In 1995, Ms. Chaitman was named one of the nation's top ten litigators by the National Law Journal for a jury verdict she obtained in an accountants' malpractice case. Ms. Chaitman is the author of The Law of Lender Liability (Warren, Gorham & Lamont 1990)... Since early 2009, Ms. Chaitman has been an outspoken advocate for investors in Bernard L. Madoff Investment Securities LLC (more here).

Helen Davis Chaitman Reviews In Bed with Wall Street. 

By Helen Davis Chaitman   

I confess: Larry D...



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Digital Currencies

BitLicense Part 1 - Can Poorly Thought Out Regulation Drive the US Economy Back into the Dark Ages?

Courtesy of Reggie Middleton.

An Op-Ed piece penned by Veritaseum Chief Contracts Officer, Matt Bogosian

This past weekend (despite American Airlines' best efforts), Reggie and I made it to the Second Annual North American Bitcoin Conference in Chicago. While there were some very creative (and very ambitious) ideas on how to try to realize the disruptive Bitcoin protocol, one of the predominant topics of discussion was New York Superintendent of Financial Services Benjamin Lawsky's proposed Bitcoin regulations (the BitLicense proposal) - percieved by many participants at the event as an apparent ...



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Pharmboy

Biotechs & Bubbles

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

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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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.

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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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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.

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