Author Archive for Zero Hedge

Citi Has One Unpleasant Chart For Anyone Thinking Of Buying Twitter

Courtesy of ZeroHedge. View original post here.

With rumors swirling that Twitter may be acquired at any moment, with such suitor names thrown out as Disney, Salesforce, and even Google, overnight Citigroup released a scathing report explaining why a Twitter acquisition would be a bad idea. As the bank’s Jason Bazinet, who probably is catering to clients who are short TWTR says, “at a superficial level, this sort of transaction seems to make sense. With its recent BAMTech investment, Disney is taking early steps to pivot its cable nets business to the web. And, of course, Twitter recently took steps to move into live video including on-line streams of NFL games. That’s interesting. But, there are four reasons we don’t like this potential transaction…”

Here are Citi’s 4 reasons why a Twitter deal makes no sense:

Reason #1: History Suggests Internet M&A Fraught with Challenges

In the last 15 years, we cannot think of a single web based property that was successfully acquired by a traditional media firm. This includes both AOL/Time Warner (in 2000) and MySpace/News Corp (in 2005). If history is any guide, Twitter entails significant risks for the buyer.

Reason #2: Twitter Trends are Troubling

Two key US metrics – including monthly average users (MAUs) and ad revenue per MAU – have deteriorated sharply in recent quarters. Moreover, Twitter has experienced an unusual level of management turnover in recent years. These metrics suggest successful integration may be challenging.

Reason #3: All Cash or All Stock Deal Apt to Hurt Disney’s Stock

We ran the Twitter merger math two ways: 100% cash and 100% equity. The cash offer would lower Disney’s stock by $5 per share. The equity offer would lower Disney’s stock by $9 per share.

Reason #4: Unclear How Disney’s Content Helps Twitter

We believe both Yahoo! and Twitter lost significant money when they streamed NFL content over the web. That is, the NFL charged far more for the Internet rights than either firm generated in advertising. This suggests that even if Disney brings more content to Twitter, it’s unlikely to be financially beneficial (unless the NFL materially lowers the cost of on-line rights).

Of all the specific reasons listed, we found #1 the most convincing, courtesy of the following note and chart:

Despite the different


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All This Market Calm Feels Like Mayhem

Courtesy of ZeroHedge. View original post here.

This is the most difficult, treacherous and damnable investing environment there’s ever been. As Bloomberg’s Richard Breslow retorts, that’s what you hear on an almost daily basis. And certainly in monthly investor performance reports.

“The market’s in a dangerous bubble, now let’s talk about the following stocks you just have to chase because they’re cheap.”

We all know there are bubbles galore. That’s called received monetary policy wisdom. And every time they assure in speech or testimony that an end is conceivable something conspires to pull them back in.

The latest policy maker “do as I do, rather than say” was caused by today’s eyebrow-raising decision by the BOJ to follow last week’s big discussion on steeper yield curves with a business-as-usual purchase of super-long JGBs.

Investors who figured it was prudent to decrease duration and, perhaps, do Kuroda a solid in helping his latest policy twist were rewarded with a bull flattener, with 5s30s moving as much as 4bps. Have a nice day.

[Which, as the following chart shows, has crushed the banks once again... in a total policy failure...]

Therein lies the problem for building a portfolio.

We know the price of most assets are hopelessly distorted, yet prudence has had a very high price.

For too long a time, traders got by figuring they could front-run (trust) quantitative easing and disregard the rest. That game is getting long in the tooth as monetary policy runs out of gas and policy-makers are trying, unsuccessfully, to play it by ear. But what to do in response?

No one knows and, as a result, a lot of important assets are confusingly and maddeningly trapped in tight, uninformative ranges. No one wants to buy, no one can afford to sell and nobody’s happy.

U.S. 5-year Treasury yields have ground to a halt after a wild start to the year. USD/JPY, EUR/USD are boring. So’s gold. Oil’s ranges are narrowing. SPX and SHCOMP have flat- lined.

The only things moving are sideshows like Mexican peso, which have nothing to do with the global economy.





Turkey Contemplates Buying Deutsche Bank

Courtesy of ZeroHedge. View original post here.

In what is surely the most stealthy version of Wednesday humor we have ever posted, Bloomberg reports that according to Yigit Bulut, chief adviser to Turkish President Recep Erdogan, Turkey should considerusing a new wealth fund or a group of state-owned banks to buy” the embattled Deutsche Bank. Bulut made the proposal on Tuesday via his Twitter account, saying Germany’s largest lender should be made into a Turkish bank.

DEUTSCHE BANK TÜRK BANKASI OLSUN…https://t.co/CWAS3RRlen @Aksam arac?l???yla

— Y???T BULUT (@yigitbulutt) September 28, 2016

“For months on TV programs, I’ve been calling on Turkey’s private and public capital: ‘Some very good companies in the EU are going to fall into trouble and we need to be ready to buy a controlling stake in them,’” Bulut wrote on Twitter. “Wouldn’t you be happy to make Germany’s biggest bank into a Turkish bank!!” the advisor said, cited by Bloomberg.

Aside from the farcically comical overtones of the proposal, the suggestion will likely infurate Germany and may ignite political opposition in Europe’s strongest economy, where Deutsche Bank has long been viewed as a national champion and has played an integral role in Germany’s economy.

Going with the flow, Bloomberg does a “serious” analysis of the proposal and notes that  Turkey’s financial industry, long viewed as a source of strength for the $700 billion economy, “has suffered some loss of market confidence over the past few years.”

The market capitalization of the country’s publicly traded lenders stands just above $49 billion, roughly the size of General Motors Co. and about half what it was in 2013, while that of Deutsche Bank is almost $17 billion. Banking assets in the country amounted to about $836 billion at the end of July, while Deutsche Bank had total assets of 1.63 trillion euros ($1.83 trillion) at the end of last year.

Yeah, the numbers don’t really work but that’s the smallest issue facing the “contemplated” transaction. There is a bigger problem. 

Back in July, Turkish Prime Minister Binali Yildirim announced that the government was planning to form a wealth fund to finance investments in infrastructure mega-projects, stabilize markets and keep growth on track. The fund could be as large as $200 billion, Maritime and Communications


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Saudi Devaluation Bets Surge, Stocks Crash As Debt Deal Falters On 9/11 Legislation Anxiety

Courtesy of ZeroHedge. View original post here.

Despite its peg, Spot Riyal is trading at its weakest in 8 months as turmoil mounts in The Kingdom as a failed ‘deal’ in Algiers, pay cuts for royalty, and now growing concerns that the US vote/veto on 9/11 Legislation will delay Saudi Arabia’s first international bond sale. Forward bets on Saudi currency devaluation are surging and default risk is on the rise again as Bloomberg reports, a Senate vote to override President Barack Obama’s veto could cause some investors to balk at the issue.

The country is planning to sell at least $10 billion of bonds next month, four people said. As Bloomberg adds,

Senate leaders in both parties said Tuesday they expect the vote to succeed, though Congress has yet to override a veto by Obama. Senator Ben Cardin of Maryland, the ranking Democrat on the Foreign Relations Committee, said last week that the Saudi government has warned that enacting the bill would cause a “significant change” in the U.S.-Saudi relationship. Saudi stocks tumbled and the currency weakened the most in four months.

Overriding the bill “could dent investor demand in near term,” said Kaan Nazli, who helps oversee $4.8 billion of emerging-market debt at Neuberger Berman Europe Ltd. in The Hague.

“It would subject the new bonds to some headline noise but ultimately the U.S.-Saudi relationship is very deep and the thinking would be that this issue would be overcome somehow.”

he Saudi Arabian riyal weakened the most since January…

And one-year forward contracts for the currency (Devaluation bets) headed for the biggest increase since July…

Saudi stocks lost the most in the world for a second straight day. The Tadawul All Share Index was the worst performer among more than 90 gauges tracked by Bloomberg, falling 4.5 percent as of 2:11 p.m. in Riyadh to the lowest level in more than eight months (near its lowest sicne 2009)

So now we know why Obama was so adamant to veto the bill… The Saudis have a lot to lose… this is not about US blowback.





Oil Oscillates As Production Drops; RBOB Plunges After Biggest Gasoline Build In 4 Months

Courtesy of ZeroHedge. View original post here.

Following the surprising across-the-board inventory draws report by API overnight, DOE confirmed crude’s overall draw (-1.88mm bartrels vs +3mm exp). However, gasoline saw the biggest build in 4 months (as distillates saw the biggest draw in almost 2 months). Crude production dropped very modestly on the week but remains stuck around 8.5mm barrels. Oil prices popped then dropped and remain lower for now…

API

  • Crude -752k (+3mm exp)
  • Cushing -832k
  • Gasoline -3.7mm
  • Distillates-343k

DOE

  • Crude -1.88mm (+3mm exp)
  • Cushing -631k
  • Gasoline +2.03mm (+500k exp)
  • Distillates -1.915mm

Total U.S. imports of crude 7835k b/d vs 8309k

  • PADD1: 866k vs 883k
  • PADD2: 2437k vs 2664k
  • PADD3: 2980k vs 2875k
  • PADD4: 354k vs 367k
  • PADD5: 1197k vs 1520k

Imports into U.S. by country in b/d:

  • Canada imports 3194k vs 3460k
  • Saudi Arabia imports 1272k vs 1100k
  • Venezuela imports 775k vs 791k
  • Mexico imports 434k vs 561k
  • Colombia imports 353k vs 547k
  • Ecuador imports 259k vs 218k
  • Nigeria imports 302k vs 141k
  • Kuwait imports 340k vs 155k, highest since wk of July 22
  • Iraq imports 352k vs 358k
  • Angola imports 99k vs 64k

For the 4th week running crude inventories fell but Gasoline saw the biggest build in 4 months…

Total stocks fell modestly to 503mmbbl…

… which narrowed the surplus over 2015 to 45mmbbl, or 10%, although the surplus to the 10 year average remains a whopping 155mmbbl, or 45%.

Domestic production fell very modestly but remains glued to the 8.5mm barrel levels…

Crude ripped and dipped on the mixed headlines, but RBOB is tumbling on the big build.

“Everything is still headline driven out of Algiers,” says Petromatrix analyst Olivier Jakob. “Directionally it’s difficult to trade when you’ve got so many conflicting headlines coming out of there”

Charts: Bloomberg





Live Feed: FBI Director Comey Takes Stand Again To Answer For “Handing Out Immunity Agreements Like Candy”

Courtesy of ZeroHedge. View original post here.

As the credibility of the FBI continues to dwindle away over it’s handling of the Hillary email investigation, FBI Director James Comey is back on the Hill today to explain why he was “handing out immunity agreements like candy.”  Comey has come under consistent attack recently from members of the House Oversight Committee who have alleged political bias in an investigation that granted immunity to 5 of Hillary’s top aides and IT professionals while seemingly receiving minimal cooperation in return. 

Allegations of impropriety were exacerbated by the FBI’s decision to, not once but twice, dump information on the media late on a Friday afternoon in an obvious attempt to “bury the story.”  The latest 189-page, Friday afternoon document dump included, among other things, new revelations that Hillary maintained a gmail account while Secretary of State and that Obama, after previously denying knowledge of Hillary’s private server, actually communicated with her on that server using a pseudonym

According to the Wall Street Journal, the FBI usually only “proffers” immunity deals in return for genuine information and requirements that the recipients cooperate with other investigating bodies, such as Congress.  That said, in this specific case its unclear what the FBI received in return for their immunity deals other than what they could have otherwise taken with a subpoena.  As Jim Jordan (R-OH) said, “if the FBI wanted any other Americans’ laptops, they would just go get them—they wouldn’t get an immunity deal.“  But, of course, by offering immunity, the FBI exempted the laptops and their emails as potential evidence in a criminal case.

James Comey

But, Comey says that granting immunity deals was a much faster way to gather evidence as the alternative was to get a grand jury to subpoena the laptop, which he said could have ignited a years long legal fight because Mills was also acting as Hillary’s attorney.  Per the Washington Times:

The FBI judgment was we need to get to that laptop. We need to see what it is,” he said. “This investigation’s been going on for a year. And this was, in the negotiation, a tool that her lawyer asked for, that the Department of Justice granted so we could get the laptop.

Others offered immunity included Bryan Pagliano, the Clinton campaign


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Even High School Kids Can See That Massive Systemic Risk That Deutsche Bank Represents

Courtesy of ZeroHedge. View original post here.

I was discussing the US Department of Justice $14B fine levied at Deutsche Bank with my 15 year old son last week. I told him the fine amounted to roughly 70% of Deutsche’s market cap, while a similar retroactive tax levy from the EU towards Apple for $14B was about 3% of their cash on hand or a quarter’s operating profit.  My son said, “Whoah! Waitaminute! I thought Deutsche Bank was a big company like Apple. Didn’t you say that they had trillions of euros of assets on their balance sheet?”.

Indeed, I did say such, and he brings up a very valid point that is missed by many a so-called professional. DB is valued at 14.5 billion euros by Mrs Market, yet that amount controlls 1.8 trillion euros worth of assets, and 1.415 trillion after netting and credit adjustments, etc. And to think, some people think a 90 LTV loan is pushing the leverate limiit. Let’s take a look at this from a graphica perspective to illustrate just how absurd it is…

Over time, the accounting expression of equity diverges significantly from the markets perception of the bank’s equity value.  Somebody is most assuredly mistaken! As of today, DB’s books are carrying equity value at 3x that of the stock market. DB market leverage

If one were to use the stock market’s equity valuation, one would see that a very, very tiny sliver of equity is controlling nearly 1.5 trillion euro of assets – and that’s after the slimming down game is done. Expressed differently, DB is leveaged 97.4x. 

DB market-based leverage Ratio

For those who feel this is an unrealistice way of looking at things, run the same exercise for every failed bank and cross reference the results to that of the European banking regulatory body’s methodology of calculating leverage and tell me which methid was (and


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Janet Yellen Testimony Live Feed: Five Key Things To Look For

Courtesy of ZeroHedge. View original post here.

This morning, Janet Yellen testifies before the House Financial Services Committee on financial regulation topics. While there us unlikely to be much talk of monetary policy, it may come up, although most of the lawmakers’ questions are likely to relate to the Fed’s oversight of banks; other questions may touch on the Fed’s recent bank commodity oversight push, the November election, and especially the recent Wells scandal.

Here are the main things to watch for, courtesy of the WSJ:

  • Big Bank Stress Tests

The Fed announced major changes to its stress testing regime on Monday, detailed in a new rule proposal and a 29-page speech from Fed governor Daniel Tarullo. Expect Ms. Yellen to get quizzed about the changes, which generally make the tests easier to pass for regional banks and tougher on global megabanks. Several lawmakers, especially Republicans, have their own ideas about how the Fed should make further changes to the tests, including by revamping the way it measures banks’ riskiness.

  • Banks in the Commodities Business

Last week, the Fed took another regulatory action that is sure to generate attention from members of Congress: It proposed new rules targeting some of banks’ commodity-market businesses, citing the risk of outsize liabilities in the event of an environmental disaster. Lawmakers might take the view that the rules are an end-run around Congress, which explicitly allowed banks to engage in those activities in 1999. Big banks have also lobbied extensively against the rules, with help from local officials who say they rely on banks to help finance purchases of natural gas and other commodities for their municipalities.

  • Wells Fargo and Executive Compensation

Republicans are likely to ask Ms. Yellen why the Fed and other regulators didn’t do more to stem misconduct at Wells Fargo, while Democrats will push for her to commit to finishing the incentive pay rules soon—a promise Comptroller of the Currency Thomas Curry made last week.

  • Monetary Policy

Fed policy makers’ decision last week to hold interest rates steady while hinting at an increase in the near future could easily come up Wednesday. The Fed chief made clear she was ready for a bump up in borrowing costs, saying the case for a rate increase “has strengthened.” Democrats could press Ms. Yellen on the


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California Police Shoot Unarmed Black Man Behaving “Erratically” In Southern California

Courtesy of ZeroHedge. View original post here.

Crowds gathered after an unarmed black man who was “behaving erratically” died after being shot by a police officer in El Cajon in southern California on Tuesday, the local police department said, appealing for calm.

Officers responded to an erratic subject that ended with an officer involved shooting. We will post updates here as they are available.

— El Cajon Police (@elcajonpolice) September 27, 2016

The death comes less than two weeks after black men in Charlotte, North Carolina and in Tulsa, Oklahoma, were shot dead by police, sparking protests. In Charlotte, rioting prompted the authorities to impose a state of emergency.

#elcajon update pic.twitter.com/Ep0rorRkbV

— ana. (@ana_lauraSD) September 28, 2016

As Reuters reports, EL Cajon Police Department spokesman Rob Ransweiler told reporters that two officers responded to a call about an “erratic subject” who was claimed to be walking into traffic. The man refused their instructions to remove his hand from his pocket and then pulled out an object from his pants and pointed it at them, the department said in a statement. The officers then simultaneously shot and Tasered the man who died after being taken to hospital, the department said.

A woman on the scene who claimed to be his sister is saying that she was the one who called the police, because her brother needed medical attention, NBC-owned local channel KNSD reported. A witness who lives nearby told KNSD that he saw police officers surround a black man with their guns drawn. He described the man as seeming fearful and lurching to the side with his hands up before being shot five times by the police. A second witness claimed to have seen the same thing.

However, an employee at the restaurant of the parking lot where the confrontation took place claimed to have recorded the entire incident. Her manager told KNSD that she had seen the video and heard police instruct the victim to remove his hands from his hip. It is not known whether his hands were in his pockets, pants or just on his hip. The video allegedly also showed the victim’s sister pleading for her brother to cooperate. Police have viewed the video and interviewed the employee.

An additional witness was recorded in a Facebook


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Core Durable Goods Orders Contract For 20th Straight Month – Longest Non-Recessionary Streak In US History

Courtesy of ZeroHedge. View original post here.

In the last 60 years, the US economy has never suffered such a long contraction in core durable goods orders (20 months) without officially being in recession.

It’s probably nothing… US Durable Goods New Orders Ex Transports YoY down for the 20th straight month…

Headline (short-term) data beat thanks to notably lower revisions.

  • Durable Goods Orders unchanged MoM (exp -1.5%, prior revised markedly lower from +4.4% to +3.6%)

  • Durables Ex Trans -0.4% MoM (exp -0.5%, prior revised lower from +1.3% to +1.1%)
  • Capital Goods New Orders Non-Defense, Ex-Aircraft +0.6% (-0.1% exp but prior revised from +1.5% to +0.8%)

But for the 4th month in a row, Capital Goods Shipments (Ex Air) fell MoM – down 0.4%, missing expectations of a 0.1% rise, and historical data was revised lower.

Thank the lord of war for saving the economy again…

  • 5.8% drop in Computer new orders
  • 0.5% drop in Machinery
  • 0.5% drop in Fabricated products
  • 2.0% drop in Communication equipment
  • 2.5% drop in Electrical equipment and appliances
  • 21.9 drop in Nondefense aircraft and parts

BUT

  • 23.6% surge in defense capital goods new orders




 
 
 

Mapping The Market

The Industry That Was Crushed By The Obama Administration

By Jean-Luc

Good riddance – cleaned up a lot of frauds there:

The Industry That Was Crushed By The Obama Administration

In early 2009, the seven largest publicly traded college operators were worth a combined $51 billion. Today, they’ve been all but wiped out.

When Barack Obama took office, America’s seven largest publicly traded college operators were worth a combined $51 billion, with more than 815,000 students enrolled at campuses spread across the country. The schools were flooded with with people seeking shelter from the recession, returning to school to pick up new skills.

Almost eight years later, the industry has been decimated. The seven largest listed operators are worth just over $6 billion, and the most valuable co...



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Zero Hedge

Citi Has One Unpleasant Chart For Anyone Thinking Of Buying Twitter

Courtesy of ZeroHedge. View original post here.

With rumors swirling that Twitter may be acquired at any moment, with such suitor names thrown out as Disney, Salesforce, and even Google, overnight Citigroup released a scathing report explaining why a Twitter acquisition would be a bad idea. As the bank's Jason Bazinet, who probably is catering to clients who are short TWTR says, "at a superficial level, this sort of transaction seems to make sense. With its recent BAMTech investment, Disney is taking early steps to pivot its cable nets business to the web. And, of course, Twitter recently took steps to move into live video including on-line st...



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ValueWalk

IVA Funds September 2016 Conference Call Transcript

By Umair Tariq. Originally published at ValueWalk.

IVA Funds conference call transcript for the month ended of September 2016.

As of the most recent prospectus, the expense ratios for the funds are as follows: IVA Worldwide Fund: 1.25% (A shares), 1.00% (I shares); IVA International Fund: 1.25% (A Shares), 1.00% (I shares). Maximum sales charge for the A shares is 5.00%.

H/T Value Investing World

IVA Funds

As of August 31, 2016, the IVA Worldwide Fund’s top 10 holdings were: Gold Bullion (6.4%); Astellas Pharma, Inc. (4.4%); Berkshire Hathaway, Inc. Class A, Class B (4.1%); Samsung Electronics Co., Ltd. (4.1%); News Corporation Class A, Class B (2.5%); Nestle SA (2.4%); DeVr...



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Phil's Favorites

Main Street Sucker Punched on the Housing "Recovery" - Now Fed Left No Way Out

Courtesy of Lee Adler of the Wall Street Examiner

Whether you think there has been a housing “recovery” or not is a matter of perspective. Sales are indeed up 117% since the 2010 low, but that low was literally the worst level in the history of this data (since 1963) as a percentage of population growth. It was the Great Depression of Housing, the only possible result of the greatest housing bubble since the 1920s, if not in history. While sales have rebounded since that low, the current sales rate has barely recovered to the levels seen at the recession lows of 1991 and 1982. This rebound is little more than a dead cat bounce after 6 years of recovery, and now it may be faltering.

...

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Kimble Charting Solutions

Japanese YEN testing triple breakout level

Courtesy of Chris Kimble.

Below looks at the Japanese Yen over the past 20-years.

For the majority of the time, the YEN has remained inside of rising channel (A). Now a big test is in play, after breaking support.

CLICK ON CHART TO ENLARGE

The Yen remained inside rising channel (A) from the mid 1990’s until 2014, where it broke below rising support. The rally that has taken place since the lows ...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Japan Shares Drop as More Than Half the Topix Trades Ex-Dividend (Bloomberg)

Japanese shares fell as more than half the companies on the benchmark Topix index traded without the right to the next dividend payment.

The Story of Post-Brexit Britain, In Charts (Bloomberg)

The surprise vote in favor of the U.K. leaving the European Union on June 23 unleashed shockwaves across the global economy, wiping trillions off the value of global assets. The referendum reshaped the British political landscape, and genera...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.



Date Found: Saturday, 26 March 2016, 02:36:15 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: ZH: Its a BULLARD market, the FED jaw boning is keeping the market up!



Date Found: Sunday, 27 March 2016, 02:31:30 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: RTT: World trade near 2008/09 lows. SP500 near all time highs. PLACE YOUR BETS! Roll up! Roll up!



Date Found: Tuesday, 29 March 2016, 02:42:11 PM

Click for popup. Clear your browser cach...



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OpTrader

Swing trading portfolio - week of September 26th, 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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Members' Corner

Market Liquidity and Macroeconomic Bullshit

 

Market Liquidity and Macroeconomic Bullshit

Courtesy of The Nattering Naybob

STJL - "Apparently macroeconomics is all bullshit – ROFL! Paging Naybob now… Famous Economist Paul Romer Says Macroeconomics Is All Bullshit."

The Nattering One muses... Macroeconomics as practiced by academics and those in charge is pure voodoo. Better to chant over goat blood, bird feathers and scattered entrails...

As for reality, overnight CNH HIBOR (...



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Digital Currencies

Gold, Silver and Blockchain - Fintech Solutions To Negative Rates, Bail-ins, Currency Debasement and Cashless

Courtesy of ZeroHedge. View original post here.

By Jan Skoyles

I was so pleased yesterday by the announcement that I have joined the Research team at GoldCore as it meant that I could finally start talking about it and was back in a role that lets me indulge in my passion by researching and geeking out on all things gold, silver and money.

...



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Biotech

Epizyme - A Waiting Game

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

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...



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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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Promotions

PSW is more than just stock talk!

 

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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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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