Guest View
User: Pass: | become a member
Author Archive for Zero Hedge

Mario Draghi Takes The Wind Out Of Citi’s “QE In December” Sails

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With Yellen’s speech a bit of a letdown for the doves – she did not go full-dovish – markets anxiously await Mario Draghi to promise whetever for ever and ever… While financial markets don’t expect bombshells, his speech is an opportunity to underscore that ECB policy will stay looser for longer than that of the Fed and the Bank of England.

  • DRAGHI SAYS FISCAL POLICY SHOULD PLAY GREATER ROLE IN RECOVERY
  • DRAGHI SAYS HE’S ‘CONFIDENT’ JUNE STIMULUS WILL BOOST DEMAND
  • DRAGHI URGES BETTER USE OF FISCAL FLEXIBILITY WITHIN EU RULES
  • DRAGHI SEES ‘REAL RISK’ MONETARY POLICY LOSES EFFECTIVENESS
  • DRAGHI CALLS FOR STRONGER EURO-AREA FISCAL COORDINATION
  • DRAGHI SAYS EUROPE STRUCTURAL REFORMS CAN NO LONGER BE DELAYED

Here is The Wall Street Journal’s 5 Key Things to watch for…

LABOR MARKETS
This is the topic of the conference. Euro-zone unemployment is far higher than in the U.S., giving Mr. Draghi a chance to stress that there’s much more economic slack in Europe than other regions, meaning the ECB can maintain ultra-loose policies.

 

INTEREST RATES
ECB officials have signaled that rates will likely stay near zero far longer than in other developed economies. With euro-zone labor markets weak and slack high, Mr. Draghi has a chance to cement that view. “If he wants to be dovish he certainly has the ammunition,” said analysts at Jefferies International.

 

QUANTITATIVE EASING
Mr. Draghi isn’t expected to break new ground here. But given the grim economic and inflation backdrop, he may want to at least reiterate that it is an option. It can’t hurt, and the threat of QE would help keep European bond yields low and maintain some downward pressure on the euro.

 

THE EURO
At his August press conference, Mr. Draghi appeared to endorse the euro’s recent slide, which boosts exports and inflation. The more dovish he sounds in Jackson Hole, the greater are the chances that this trend will continue.

 

GOVERNMENT SCOLDING
Mr. Draghi took European governments to task this month for the slow pace of structural reforms in some countries. The conference’s labor-markets theme gives him a chance to spotlight the role of governments—and not central banks–in making labor markets more flexible.

* * *

And the full Draghi speech below, with the following section of particular focus for those expecting Draghi to announce QE:
continue reading





More Scaremongery: Inhofe Warns ISIS “Developing A Method To Blow Up A Major US City”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Last night it was SecDef Chuck Hagel who warned ISIS was a bigger threat to America than 9/11 and primed the narrative for the next round of defense-spending (and this deficit-boosting, QE-enabling money printing). Today it is Senate Armed Services Committee member Jim Inhofe who told Fox that “we’re in the most dangerous position we’ve ever been in as a nation.” While that seems a little bit of stretch (oh and hasn’t the Senator seen stocks?) he adds – rather ominously, “they’re crazy out there and they’re rapidly developing a method of blowing up a major U.S. city and people just can’t believe that’s happening.” But then again, when have we ever needed to ‘believe’ anything anyway (especially without YouTube clips to prove it).

 

Senator Inhofe explains…

 

As Fox notes,

ISIS, they are really bad terrorists, they’re so bad even Al Qaida is afraid of them,” Inhofe said reflecting on the recent beheading of American journalist James Foley. Beyond the beheading, Inhofe said the current terror organizations are not going to stay contained to the Middle East. “They’re crazy out there and they’re rapidly developing a method of blowing up a major U.S. city and people just can’t believe that’s happening.”

 

Inhofe blames policy decisions from the Obama administration and cuts in defense spending for putting the country in what he calls a dangerous situation.

 

He’s [President Obama] going to have to come up with something that we’re going to do because they’re holding another hostage in place and the problem is, the President says all these things and he never does them,” Inhofe said.

 

Inhofe said he hopes after the mid-term elections there will be more Republicans in the Senate and more of a willingness for both parties to work on restoring cuts to defense spending.

*  *  *

So – to confirm – this is a massive threat that needs a solution, that is Obama’s fault because he cut spending, but we need to cut spending more? Okeydokey then…





Useful Idiots and the Something For Nothing Society – Part 4 of 5

Courtesy of ZeroHedge. View original post here.

Submitted by tedbits.

 

 

image

August 22, 2014

 

Useful Idiots and the Something For Nothing Society - Part 4 of 5

Send To A Friend | View Past Articles | Subscribe | PDF Version                     

 

In this next chapter of Useful Idiots and the Something for Nothing Society, we will put the final nails into a century’s UNFOLDING MADNESS.  A country of free men has been transformed into an authoritarian state on its road to totalitarianism as the final denouement unfolds under their policies. The final connecting dots of from whence we


continue reading





Apple’s Price Hits All-Time High On New Product Speculation, As New Products Are Delayed – Take Your Positions!

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

Bloomberg reports: Apple Soars to Record Amid Optimism About Coming ProductsApple Soars to Record Amid Optimism About Coming Products

Apple Inc.’s stock soared to an all-time high, surpassing a 2012 record as investors look ahead to new products such as bigger-screen iPhones and a wristwatch-like device that may jump-start revenue growth.

Apple rose 1.4 percent to $100.53 yesterday, topping the split-adjusted record of $100.30 reached on Sept. 19, 2012, just before the iPhone 5 went on sale. The shares, which have advanced 25 percent this year, extended their gains today before the markets opened, trading as high as $100.98.

After rising more than sevenfold following the 2007 debut of its smartphone, Apple’s stock lost a third of its value in the year after the iPhone 5’s release on concerns that the company was running out of hit product ideas without co-founder Steve Jobs. The tenor has changed, with analysts estimating record sales for the next batch of iPhones, set to be released later this year.

Those that follow me know that I’ve always been a contrarian on Apple. I’ve actually been quite accurate on the company’s stock valuation over the last 4 years, calling the top within a week of its dramatic downward turn (reference Deconstructing The Most Accurate Apple Analysis Ever).

I personally do not see Apple’s pipeline as comparable to its major competitors. Apple’s anticipated larger screen phones are playing catch-up with…
continue reading





Why The Fed Is Being Forced To End QE

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

The Fed is being forced to end its bond-buying, cutting off the "free money for financiers" that has sustained a frothy stock market.
 

While the Federal Reserve presents itself as free to do whatever it pleases whenever it pleases, the reality is the Fed's own policies are constraining its choices. Take the taper of U.S. Treasury bond purchases--the heart of quantitative easing (a.k.a. QE or more accurately free money for financiers).

You probably know how this works:the U.S. government runs a deficit, as it spends more than it collects in tax revenues. This deficit is funded by the sale of Treasury bonds.
 
The Fed has been creating money out of thin air, a.k.a. printing money, and using this new money to buy Treasury bonds.
 
As the Federal deficit shrank, the Fed upped its bond-buying program (QE). As a result, the Fed was buying more bonds than the Treasury was issuing.This graph from from the excellent charting site Market Daily Briefing plots the Fed's bond-buying (printing) and the Federal deficit (issuance ofnew bonds, which is different from rolling over the existing debt as bonds mature and must be replaced with new bonds).
Many seem to believe the Fed was forced into buying bonds because foreign owners have been dumping their Treasury bond holdings. But if we look at a chart of foreign-owned Treasuries, we see a modest dip in mid-2013 that reversed later that year. Foreign ownership has reached a new high of $6 trillion:
Much has been made of China selling some of its Treasury holdings, but if we look at this breakdown of foreign ownership, we see relatively modest fluctuations in the holdings of both China and Japan.
As I noted in Are Capital Inflows Propping Up U.S. Markets?, foreign central banks buy Treasuries not just for reserves but to lower the value of their currency vis-a-vis the U.S. dollar, the idea being to boost exports to the U.S. by weakening their currency.
 
These dynamics have created a global competition for Treasuries, pushing yields lower. The Fed is in effect competing with foreign and domestic buyers of Treasuries, a competition that has heated up as Federal deficits have declined.
 
This can be viewed as one consequence of the Triffin paradox, something I have covered in


continue reading





Pentagon Demands Russia Remove Convoy “Immediately” As NYT Reports Russians Firing Artillery In Ukraine

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The Russian military has moved artillery units manned by Russian personnel inside Ukrainian territory in recent days and is using them to fire at Ukrainian forces, New York Times reported, citing NATO officials. The Russian move, NYTimes reports, represents a significant escalation of the Kremlin’s involvement in the fighting there and comes as a convoy of Russian trucks with humanitarian provisions has crossed into Ukrainian territory without Kiev’s permission. The US is now getting involved, as WSJ reports,

  • Pentagon calls on Russia to ‘Remove Vehicles Immediately’ From Ukraine
  • Kirby says “very concerned” by Russian convoy in Ukraine.

Ukrainian Security Service chief Valentyn Nalyvaichenko said the move amounted to a “direct invasion,” and The Pentagon has warned “failure to [remove its vehicles] will result in further costs and isolation.”

  • NATO SAYS RUSSIAN ARTILLERY SUPPORT BEING USED AGAINST UKRAINE
    NATO SAYS MULTIPLE REPORTS OF DIRECT RUSSIAN INVOLVEMENT

Time for some YouTube clips?

*  *  *

As NYTimes reports,

The Russian military has moved artillery units manned by Russian personnel inside Ukrainian territory in recent days and is using them to fire at Ukrainian forces, NATO officials said on Friday.

 

 

Since mid-August NATO has received multiple reports of the direct involvement of Russian forces, “including Russian airborne, air defense and special operations forces in Eastern Ukraine,” said Oana Lungescu, a spokeswoman for NATO.

 

“Russian artillery support — both cross-border and from within Ukraine — is being employed against the Ukrainian armed forces,” she added.

And as WSJ reports, The US is not happy…

  • *KIRBY SAYS RUSSIA FACES COSTS, ISOLATION IF CONVOY REMAINS
  • *KIRBY SAYS AID CONVOY SHOULDN’T BE EXCUSE TO CROSS BORDER
  • *KIRBY SAYS RUSSIA CONTINUES TO ADD TROOPS NEAR UKRAINE BORDER
  • *KIRBY SAYS RUSSIAN FORCE NEAR UKRAINE INCREASINGLY READY, ARMED
  • *KIRBY SAYS `A LOT OF EQUIPMENT’ HAS BEEN MOVED INTO UKRAINE
  • *GENERAL BREEDLOVE SAYS RUSSIAN CONVOY IN UKRAINE A CAUSE FOR CONCERN

 

The United States is very concerned about the movement of a Russian convoy into Ukraine in violation of its territorial integrity and is calling on Moscow to withdraw its equipment and personnel immediately, the Pentagon said on Friday.

 

“This is a violation of Ukraine’s sovereignty and territorial integrity


continue reading





Wall Street’s Take On Jackson Hole: “Yellen Was Not Dovish Enough”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Confused by what Janet Yellen said? As it turns out, so is everyone else, where the prevailing sentiment across the sell-side analysts was that Yellen was not dovish enough. Then again, with expectations bordering on Yellen giving the “BTFATH” green light, there is no way she was not going to disappoint…

First, and foremost, we start with the firm whose former employee runs the operational branch, i.e., the New York office, of the Fed, Goldman Sachs:

Goldman (Jan Hatzius):

  • We think the tone from Chair Yellen’s Jackson Hole speech was broadly balanced, perhaps slightly more so than in past speeches.
  • She noted both the more rapid-than-expected pace of recent labor market improvement, as well the still-significant level of labor underutilization.
  • She continued to emphasize the “dashboard” approach to assessing the state of the labor market, while at the same time stressing uncertainties in determining exactly how much slack remains in labor markets and how price and wage developments should be interpreted.

And the rest of the sell-side, via Bloomberg:

Barclays (Michael Gapen)

  • Don’t see Yellen core views as having changed but rather see shift in tone as “normal evolution” as Fed is closer to achieving dual mandate
  • Discussion on wages signals Fed not looking for 3-4% wage growth as precondition to raise rates
  • Maintain view first rate hike to come in June 2015

Scotiabank (Guy Haselmann)

  • Yellen’s speech “was very balanced,” seemed more ambiguous about how much slack there is in U.S. economy
  • “She had more confidence about the amount of slack in the economy before, and today she admitted that it is difficult to gauge. So the speech was a bit less dovish than expectations”

Deutsche Bank (Alan Ruskin)

  • Very balanced nature of Yellen speech a disappointment to those who expected her to live up to dovish reputation
  • Surprised by more hawkish tone on wages; seemed reluctant to use soft real wages as gauge of labor market slack
  • “This was not a speech from a policy maker who was making a strong argument to ‘wait and see the whites of the eyes of inflation’ before reacting”

Brean (Russ Certo)

  • Yellen’s speech hints at “tightening faster” rather than later
  • “My takeaway is that she used to think there was X% of slack


continue reading





Treasury Curve Collapses To Flattest Since Jan 2009

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Bye bye NIM… The spread between 30Y and 5Y Treasury yields has collapsed to 151bps, its lowest since January 2009. It seems expectations for the exuberance of the business cycle expansion are a little underwhelming. This is half the Treasury curves peak steepness (hope) seen at the end of 2010…

 

 

On the day 30Y yields are down 2bps and 5Y is up 2.5bps…


 

Chart: Bloomberg





Is Portugal Next In Line For Wealth Confiscation?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Nick Giambruno via Doug Casey's International Man blog,

The pattern should be seared in your memory by now. If you fail to recognize it, you could be struck with a huge financial blow.

It’s a pattern that has played out over and over throughout history: a government gets into financial trouble, then denies there’s a problem, which is followed by a surprise wealth grab.

That’s exactly what happened when bank deposits in Spain and Cyprus were raided. We’ve also seen retirement savings confiscated in some form in Poland, Portugal, and Hungary. Capital controls have been imposed in Cyprus and Iceland.

Of course these aren’t the only examples of blatant government thievery. These examples are just within Europe and just within recent years. They can and will happen anywhere.

These events highlight the need to use international diversification to mitigate your political risk—the risk that comes from governments.

I think they also give us some clues as to what country is next on the chopping block.

A Roadmap to Confiscation

It starts out with government officials telling you everything is all right—when clearly everything is not all right.

Like when the president of Cyprus promised that bank deposits would be safe. A promise that we all know turned out to be worthless. Another example of why you’re almost always better off believing the opposite of whatever the government says, especially in a crisis.

Deceptions like this don’t happen by accident. The politicians and media deliberately lull the people into complacency so that they can optimize their forthcoming theft.

The next thing that happens needs to come as a surprise, otherwise it loses its effectiveness. It starts with a bank holiday or capital controls. It’s usually optimal—from the government’s view—to impose these measures on weekends or during a holiday to catch people off guard. They need the element of surprise or else people would take protective measures, like moving their money abroad and safely out of reach.

Once the banks are closed and capital is trapped, the government is free to confiscate as much wealth as it can get away with. It doesn’t matter what they call it or how they do it, the bottom line is they are making an unscrupulous grab. Capital controls are usually kept in place after the…
continue reading





Russia Explains Why It Rushed Entry Of Humanitarian Convoy

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

In a nearly carbon-copy replica of last Friday when tensions escalated then de-escalated on rumors that Ukraine had attacked a Russian military convoy, today’s Yellen speech has been completely upstaged by ongoing developments out of Ukraine, where Kiev condemned the entry of Russian humanitarian convoy trucks (subsequently adding it no longer knows where they are), following Russia’s announcement it could wait no longer to provide aid to the citizens of the Donetsk People’s Republic. And while NATO promptly echoed Ukraine’ position once again as it did last Friday, now it is Russia’s turn to explain why it rushed to enter the country, seemingly without express preapproval by the Ukraine government.

As Reuters reports, “Moscow is not in breach of international law over its humanitarian convoy to Ukraine, a senior Russian diplomat said on Friday.”

“We are acting in full accordance with international humanitarian law norms,” Deputy Foreign Minister Sergei Ryabkov said in a statement. “We cannot accept and will not accept the disastrous situation in which people living in the south-east of Ukraine have found themselves.”

 

Ukraine said on Friday the entry of Russian aid trucks onto its territory was a “flagrant violation” of international law and it appealed to the international community to condemn Russia’s actions as illegal and aggressive

Putin also chimed in, expressing concern over the Ukraine military escalation, an escalation which Ukraine and NATO have roundly accused him of creating.

Finally, for those who missed it earlier, here again is the Russian Ministry of Foreign Affairs statement on the convoy, google translated:

The situation with endless artificial puffs address the issue of early delivery of Russian humanitarian aid to areas of the South-East of Ukraine has become intolerable.

 

Motorcade with many hundreds of tons of urgently needed for these regions of humanitarian aid for a week idle on the Russian-Ukrainian border. During this time, the Russian side in all spheres and at all levels have been made unprecedented efforts to settle the formalities. We went to meet all conceivable requirements of the Ukrainian side, given to the International Committee of the Red Cross (ICRC), exhaustive lists sent to Lugansk food, water, medicines, essentials, power generators, which require such children, women, the


continue reading





 

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!

 
 

Zero Hedge

Mario Draghi Takes The Wind Out Of Citi's "QE In December" Sails

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With Yellen's speech a bit of a letdown for the doves - she did not go full-dovish - markets anxiously await Mario Draghi to promise whetever for ever and ever... While financial markets don’t expect bombshells, his speech is an opportunity to underscore that ECB policy will stay looser for longer than that of the Fed and the Bank of England.

  • DRAGHI SAYS FISCAL POLICY SHOULD PLAY GREATER ROLE IN RECOVERY
  • DRAGHI SAYS HE'S 'CONFIDENT' JUNE STIMULUS WILL BOOST DEMAND
  • DRAGHI URGES BETTER USE OF FISCAL FLEXIBILITY WITHIN EU RULES
  • DRAGHI SEES 'REAL RISK' MONETARY POLICY LOSES EFFECTIVENESS...


more from Tyler

Phil's Favorites

Oxford Paper Shows Oxaloacetate Feeds and Grows Brain Cells

John Mauldin and author Patrick Cox are taking a supplement called oxaloacetate. I'm going to look at the research Patrick presents here in my next spare hour or two. Anyone here know anything about it? 

As an aside, I disagree with Patrick's charge that the FDA is infringing on "free speech" by setting guidelines for claims made by companies selling supplements. The issues are misrepresentation and false advertising in the realm of public safety; loose or no regulation could lead to great harm.  ~ Ilene

TransTech Digest: Oxford Paper Shows Oxaloacetate Feeds and Grows Brain Cells By Patrick Cox

Oxford Paper Shows Oxaloacetate Feeds and Grows Brain Cells

The headline above is good news fo...



more from Ilene

Chart School

ECRI Recession Watch: Weekly Update

Courtesy of Doug Short.

The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) is at 134.3, unchanged from the previous week. The WLI annualized growth indicator (WLIg) dropped to 2.8 from the previous week's 3.5.

ECRI has been at the center of a prolonged controversy since publicizing its recession call on September 30, 2011. The company had made the announcement to its private clients on September 21st. ECRI's cofounder and spokesman, Lakshman Achuthan, subsequently forecast that the recession would begin in Q1 2012, or Q2 at the latest. He later identified mid-2012 as the start of the recession. Over the past two years he has been a frequent guest on the likes of CNBC and Bloomberg TV. In recent months he has adjust...



more from Chart School

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,...



http://www.insidercow.com/ more from Insider

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...



more from Caitlin

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...

more from David

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 ...



more from Sabrient

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 ...



more from OpTrader

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 ...

more from SWW

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...



more from Paul

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 ...



more from Bitcoin

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...



more from Pharmboy

Promotions

See Live Demo Of This Google-Like Trade Algorithm

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

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

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

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

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



more from Promotions



FeedTheBull - Top Stock market and Finance Sites



About Phil:

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

Learn more About Phil >>


As Seen On:




About Ilene:

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

Market Shadows >>