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Russia is de-dollarizing

Courtesy of ZeroHedge. View original post here.

Submitted by Gold Standard Institute.

ruble

 

The ruble and other currencies do not compete against the dollar. They are dollar derivatives.

The dollar is headed to ruin, but that doesn’t mean that any other paper currency can replace it. The others will fail first.

The dollar will fail last.

 

The failure of the dollar, and the transition to gold happens to be the theme of an event The Gold Standard: Both Good and Necessary, in New York on Nov 1. There hasn’t been a real recovery from the crisis of 2008, and there won’t be until we return to the use of gold as money. Please come to this event to hear Andy Bernstein present the moral case for capitalism, and Keith Weiner present the case against the dollar and for the gold standard.





It’s Not Just Spying – How The NSA Has Turned Into A Giant Profit Center For Corrupt Insiders

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Dear NSA Employees, You Now Have a Green Light to Loot and Pillage. It’s Time to Get Paid:

 

Are you just another one of those frustrated NSA employees who feels that unconstitutionally spying on your fellow citizenry under false pretenses isn’t giving you same thrill it once did? If so, have no fear.

 

Are you are sick and tired of having to spilt your precious working hours defending the destruction of our nation’s founding document to those pesky terroristic media dinosaurs who still think investigative journalism belongs in Amerika? If so, have I got a solution for you.

 

While it may sound too good to be true, trust me it’s not. You see, in recent years almost all crony-capitalist criminal activities have been deemed legal in the land of the free (to pillage). This incredible opportunity allows you to directly leverage your intelligence skill-set to earn the big bucks you know you’ve always deserved. You can now do just that by working in the private sector without having to give up that cushy government day job! I mean if we’re going to have this banana republic thing going we may as well GET PAID. Am I right?

 

Keep at it patriots,
Michael Krieger

If the above sounds like a joke, unfortunately it is not. Last week, two very important stories came out; one from Reuters and the other from Buzzfeed. They both zero in on how current NSA employees are using their expertise and connections to make big money in the private sector while still working at the NSA. Let’s start with the Reuters story, which covers former NSA-head Keith Alexander’s business relationship with the NSA’s current Chief Technical Officer, Patrick Dowd.

Before we get into the meat of this story, I want to set the stage with a little background. In case you forgot, Keith Alexander launched his own cyber-security firm, IronNet Cybersecurity Inc., earlier this year. I highlighted this development in the post, Ex-NSA Chief Keith Alexander is Now Pimping Advice to Wall Street Banks for $1 Million a Month, in which I noted:

So what’s a Peeping Tom, anti-democratic, Constitution-trampling intelligence crony to do after leaving decades of “public service?” Move into the private sector and collect a fat paycheck from Wall Street, naturally. Following in the


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United States Of China: In Which States Is Your Landlord Most Likely To Be Chinese

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

America’s #1 landlord may be private equity giant Blackstone, but closing in rapidly is none other than America’s very own arch nemesis and ascendent superpower, China. But while until recently China’s grand ambitions on US multi-family housing had largely flown under the radar, the recent sale of the Waldorf Astoria to a Chinese company has finally put the US on “China is coming” alert… and reincarnated a lot of the same jokes that swept the country by storm in the mid-80s when it appeared Japan, itself nursing a massive asset bubble, would run over Manhattan (everyone knows how that ended).

As the WSJ reports, “big institutional Chinese investors who want global real-estate portfolios typically look for trophy projects in cities like New York, Los Angeles and London. Just this month, Hilton Worldwide agreed to sell its flagship Waldorf Astoria hotel in New York City to a Chinese insurance company for $1.95 billion—the steepest price tag ever for a U.S. hotel, brokers say, although it isn’t the highest on a per-room basis.”

However, it isn’t just New York: “Chinese investors with smaller war chests want to be seen as international property players too, and they have their eyes on other cities. Over the past two years, more have sought to invest in offices and hotels in inland cities such as Chicago and Houston in the U.S., and Madrid and Frankfurt in Europe, according to a recent report by property consultancy Cushman & Wakefield.”

“Chinese investors are distributing their investments across the whole country, not only focusing on selecting assets in prime locations…but also paying more attention to cities with lower prices and greater potential,” said James Shepherd, Cushman & Wakefield’s head of research for Greater China.

Too bad for China, the opportunities that are left for it by Wall Street are those that by now are virtually assured a negative IRR. But then again it was never about the profit: for Chinese institutions, US real estate, just like for Chinese retail buyers of luxury properties, is all about laundering hot money and parking it in a place that is relatively amicable towards Chinese funds. Which the US is. For now.

So which states are most likely to see an influx of Chinese landlords in the coming months?


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The “China-And-Japan-PMI-Beat-So-Things-Must-Be-OK” Meme In 2 Simple Charts

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The reactions in USDJPY, Nikkei 225, S&P futures, Gold, Treasury futures, and oil (in a word – none!) tells you all you need to know about the market's total loss of faith in the soft-survey-based PMI data from around the world (and in particular China and Japan). Despite dramatic weakness in a slew of hard-date economic indicators for both nations, the PMIs rose and beat. Japan's to 7-month highs (so much for moar QQE?) but New orders and Output tumbled. China rose and beat but all key components dropped. As the two charts below suggest… things in PMI data production-land need some better "adjustments" if they are to keep the dream alive…

 

Just two simple charts…Soft-Survey-based PMI vs hard-data-based Industrial Production

 

China nailed it!

 

 

 

And as a gentle reminder – here is BofA on the uselessness of soft-survey-based PMI data…

By some accounts, these data are better indicators than the hard numbers that come out of the government. After all, they are released very early, they are raw unfiltered data (other than seasonal adjustment), they are never revised and they are simple to interpret. We disagree. In our view, they are useful as a rough and ready early read on the economy. However, once the corresponding official data are released, we put very little weight on these surveys.

 

 

It is important to understand how crude these surveys are. Each month, a few hundred purchasing managers are asked if a variety of activity variables are up, down, or the same relative to the prior month. Their responses are then converted into diffusion indexes: the sum of the number managers reporting activity is “increasing” and half of those reporting “the same.” Note that there is some guesswork involved: the survey is taken before the month is over and some of the questions cover areas of the firm that are difficult for a purchasing manager to get a timely read on. For example, a purchasing manager may not have a very precise idea of what is happening to hiring in a large, diverse firm. Moreover, since they don’t gather specific numbers for each series, they may have to make a rough guess, particularly if the trend is slightly


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Meanwhile, This Is Who Is Quietly Buying All The Cheap Oil

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With the US Shale Oil industry up in arms, Venezuela screaming, and Russia awkwardly quiet (as the Ruble slides with the falling oil price stabilizing domestic inflows), the ‘secret’ Saudi-US oil deal that pressured prices for crude down to $80 (18-month lows today) has ‘hurt’ a lot of the world’s producer nations. However, as Bloomberg reports, there is one nation that is very grateful. The number of supertankers sailing toward China’s ports surged to a nine-month high as over 80 very large crude carriers (VLCCs) – the industry’s biggest ships – sail toward the Asian country’s ports. At an average of 2 million barrels each, the 160 million barrels will help refill China’s 727 million barrel SPR which it started in 2012.

 

There are 89 tankers sailing for Chinese ports, 80 of which are VLCCs – the highest since January 3rd.

 

As Bloomberg reports,

The number of supertankers sailing toward China’s ports surged to a nine-month high amid speculation an oil-price slump is encouraging the world’s second-biggest crude importer to accelerate purchases.

 

There are 80 very large crude carriers, the industry’s biggest ships, sailing toward the Asian country’s ports, according to IHS Fairplay vessel-tracking signals compiled by Bloomberg at about 10 a.m. today. That’s the highest since Jan. 3. Average shipments are 2 million barrels.

 

Brent crude, the global benchmark, plunged to a four-year low yesterday amid speculation Saudi Arabia, Kuwait and other nations in the Organization of Petroleum Exporting Countries won’t curb production. The slump is likely encouraging buying to fill China’s strategic stocks, according to Energy Aspects Ltd., a London-based consultant.

 

“There’s a lot of bargain hunting going on,” Richard Mallinson, an analyst at Energy Aspects, said by phone. “Whilst prices are low we think there’ll be buying for Strategic Petroleum Reserve filling and also just trying to capture these discounted crudes.”

 

 

The 80 bound for China compare with an average of 63 for the past two years and match a record in data that started in October 2011.

*  *  *

In summary, just like Chinese gold imports rise when the price of gold drops; so China does the logical thing with other commodities, (i.e. oil) when prices tumble and instead
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It Will Take 398,879,561 Years To Pay Off The US Government’s Debt

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Simon Black of Sovereign Man blog,

The US government’s debt is getting close to reaching another round number—$18 trillion. It currently stands at more than $17.9 trillion.

But what does that really mean? It’s such an abstract number that it’s hard to imagine it. Can you genuinely understand it beyond just being a ridiculously large number?

Just like humans find it really hard to comprehend the vastness of the universe. We know it’s huge, but what does that mean? It’s so many times greater than anything we know or have experienced.

German astronomer and mathematician Friedrich Bessel managed to successfully measure the distance from Earth to a star other than our sun in the 19th century. But he realized that his measurements meant nothing to people as they were. They were too abstract.

So he came up with the idea of a “light-year” to help people get a better understanding of just how far it really is. And rather than using a measurement of distance, he chose to use one of time.

The idea was that since we—or at least scientists—know what the speed of light is, by representing the distance in terms of how long it would take for light to travel that distance, we might be able to comprehend that distance.

Ultimately using a metric we are familiar with to understand one with which we aren’t.

Why don’t we try to do the same with another thing in the universe that’s incomprehensibly large today—the debt of the US government?

Even more incredible than the debt owed right now is what’s owed down the line from all the promises politicians have been making decade after decade. These unfunded liabilities come to an astonishing $116.2 trillion.

These numbers are so big in fact, I think we might need to follow Bessel’s lead and come up with an entire new measurement to grasp them.

Like light-years, we could try to understand these amounts in terms of how long it would take to pay them off. We can even call them “work-years”.

So let’s see—the Social Security Administration just released data for the average yearly salary in the US in fiscal year that just ended. It stands at $44,888.16.

The current debt level of over $17.9 trillion would thus take more than 398 million years
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7.6 Billion Reasons Why The US ‘War On Drugs’ In Afghanistan Failed (In 1 Chart)

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The US Embassy in Kabul, Afghanistan is "disappointed," according the statement department latter below, responding to the Special Investigator General for Afghanistan Reconstruction (SIGAR) findings over poppy cultivation in the troubled nation. Simply put, despite the United States spending approximately $7.6 billion on counternarcotics efforts in Afghanistan (as of June 30, 2014), opium poppy cultivation levels in Afghanistan hit an all-time high in 2013 (with a 50% rise last year alone). Of course, like any good government agency, deny and blame someone else, as the DOD went on to state that "the failure to reduce poppy cultivation and increase eradication is due to the lack of Afghan government support for the effort."

Poppy Cultivation hits an all-time high – despite counternarcotics spend by the US government of $7.6bn!!

From SIGAR,

Dear Secretary Kerry, Secretary Hagel, Attorney General Holder, and Administrator Shah:

I am writing to provide the results of SIGAR’s analysis of recent trends in opium poppy cultivation in Afghanistan. As you know, the narcotics trade poisons the Afghan financial sector and undermines the Afghan state’s legitimacy by stoking corruption, sustaining criminal networks, and providing significant financial support to the Taliban and other insurgent groups. Despite spending over $7 billion to combat opium poppy cultivation and to develop the Afghan government’s counternarcotics capacity, opium poppy cultivation levels in Afghanistan hit an all-time high in 2013.

 

According to the United Nations Office on Drugs and Crime (UNODC), Afghan farmers grew an unprecedented 209,000 hectares of opium poppy in 2013, surpassing the previous peak of 193,000 hectares in 2007. With deteriorating security in many parts of rural Afghanistan and low levels of eradication of poppy fields, further increases in cultivation are likely in 2014.

 

As of June 30, 2014, the United States has spent approximately $7.6 billion on counternarcotics efforts in Afghanistan. Multiple sources of funding support these efforts, including the Department of Defense (DOD) Afghan Security Forces Fund, the State Department's (State) International Narcotics Control and Law Enforcement fund, the DOD Drug Interdiction and Counter-Drug Activities fund, financial support from the U.S. Drug Enforcement Administration, and the U.S. Agency for International Development’s Economic Support Fund. Counternarcotics efforts include the development of Afghan government counternarcotics capacity, operational support to Afghan counternarcotics forces; encouragement


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7.6 Billion Reasons Why The US ‘War On Drugs’ In Afghanistan Failed

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The US Embassy in Kabul, Afghanistan is "disappointed," according the statement department latter below, responding to the Special Investigator General for Afghanistan Reconstruction (SIGAR) findings over poppy cultivation in the troubled nation. Simply put, despite the United States spending approximately $7.6 billion on counternarcotics efforts in Afghanistan (as of June 30, 2014), opium poppy cultivation levels in Afghanistan hit an all-time high in 2013 (with a 50% rise last year alone). Of course, like any good government agency, deny and blame someone else, as the DOD went on to state that "the failure to reduce poppy cultivation and increase eradication is due to the lack of Afghan government support for the effort."

Poppy Cultivation hits an all-time high – despite counternarcotics spend by the US government of $7.6bn!!

From SIGAR,

Dear Secretary Kerry, Secretary Hagel, Attorney General Holder, and Administrator Shah:

I am writing to provide the results of SIGAR’s analysis of recent trends in opium poppy cultivation in Afghanistan. As you know, the narcotics trade poisons the Afghan financial sector and undermines the Afghan state’s legitimacy by stoking corruption, sustaining criminal networks, and providing significant financial support to the Taliban and other insurgent groups. Despite spending over $7 billion to combat opium poppy cultivation and to develop the Afghan government’s counternarcotics capacity, opium poppy cultivation levels in Afghanistan hit an all-time high in 2013.

 

According to the United Nations Office on Drugs and Crime (UNODC), Afghan farmers grew an unprecedented 209,000 hectares of opium poppy in 2013, surpassing the previous peak of 193,000 hectares in 2007. With deteriorating security in many parts of rural Afghanistan and low levels of eradication of poppy fields, further increases in cultivation are likely in 2014.

 

As of June 30, 2014, the United States has spent approximately $7.6 billion on counternarcotics efforts in Afghanistan. Multiple sources of funding support these efforts, including the Department of Defense (DOD) Afghan Security Forces Fund, the State Department's (State) International Narcotics Control and Law Enforcement fund, the DOD Drug Interdiction and Counter-Drug Activities fund, financial support from the U.S. Drug Enforcement Administration, and the U.S. Agency for International Development’s Economic Support Fund. Counternarcotics efforts include the development of Afghan government counternarcotics capacity, operational support to Afghan counternarcotics forces; encouragement


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Caught On Tape – Some Folks Jumped The White House Fence, Again

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Just weeks after WhiteHouseFenceJumperGate saw the head of the Secret Service dispatched – having been disappointed not to be able to implement her reforms that would ensure the safety of the White House, the agency reports:

  • *MAN STOPPED AFTER JUMPING WHITE HOUSE FENCE: SECRET SERVICE

What is worse – much worse – is this african-american chap proceeds to kick and harass the guard dogs sent to dispatch him… an egregious act in anyone’s book.

  • *AGENTS WITH DOGS STOPPED WHITE HOUSE JUMPER, AGENCY SAYS

Caught On Tape – the dreadful dog-kicking moment…

Video of the incident Wednesday night taken by TV news cameras shows a man in white shorts just inside the White House fence on Pennsylvania Avenue.

 

The video shows the man lifting his shirt as if to show agents that he has no weapons. The man is then seen kicking and punching two Secret Service dogs that were released on him.

 

* * *

As The Washington Post reports,

Secret Service officials apprehended a person who jumped the White House fence late Wednesday, news reports said.

Authorities shut down Lafayette Park after the incident, moving dozens of tourists to H Street. Reports said the White House was under lockdown.

Philippe Melaku-Bello, a peace protester who said he regularly spends time outside the White House, said he saw five to six officers with batons out standing over a man on the ground. He said the man was not moving. Officers immediately started moving bystanders farther from the White House. While he was moving away, he heard the barking of a Secret Service dog.





Central Banker Admits Central Bank Policy Leads To Wealth Inequality

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Six years after QE started, and just about the time when we for the first time said that the primary consequence of QE would be unprecedented wealth and class inequality (in addition to fiat collapse, even if that particular bridge has not yet been crossed), even the central banks themselves – the very institutions that unleashed QE – are now admitting that the record wealth disparity in the world – surpassing that of the Great Depression and even pre-French revolution France - is caused by “monetary policy”, i.e., QE.

Case in point, during the Keynote speech by Yves Mersch, ECB executive board member, in Zurich on 17 October 2014 titled “Monetary policy and economic inequality” he said:

More generally, inequality is of interest to central banking discussions because monetary policy itself has distributional consequences which in turn influence the monetary transmission mechanism. For example, the impact of changes in interest rates on the consumer spending of an individual household depend crucially on that household’s overall financial position – whether it is a net debtor or a net creditor; and whether the interest rates on its assets and liabilities are fixed or variable.

 

Such differences have macroeconomic implications, as the economy’s overall response to policy changes will depend on the distribution of assets, debt and income across households – especially in times of crisis, when economic shocks are large and unevenly distributed. For example, by boosting – first – aggregate demand and – second – employment, monetary easing could reduce economic disparities; at the same time, if low interest rates boost the prices of financial assets while punishing savings deposits, they could lead to widening inequality.

Alas, in the past 6 years, low interest rates have not only boosted financial asset prices but have resulted in the biggest artificial asset bubble ever conceived. As for reducing unemployment, don’t ask Europe – and its unprecedented record unemployment, especially among the youth – how that is going. As for the US where unemployment is “dropping”, ask the 93.5 million Americans who have dropped out of the labor force, those whose real wages haven’t risen in the past 20 years, or the soaring part-time workers just how effective monetary policy has been in the US.

Back the…
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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!

 
 

Zero Hedge

Russia is de-dollarizing

Courtesy of ZeroHedge. View original post here.

Submitted by Gold Standard Institute.

 

The ruble and other currencies do not compete against the dollar. They are dollar derivatives.

The dollar is headed to ruin, but that doesn’t mean that any other paper currency can replace it. The others will fail first.

The dollar will fail last.

 

The failure of the dollar, and the transition to gold happens to be the theme of an event The Gold Standard: Both Good and Necessary, in New York on Nov 1. There hasn’t been a real recovery from the crisis of 2008, and there won’t be until we return to the use of g...



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Chart School

Time for the Pullback?

Courtesy of Declan.

Sellers were going to make an appearance at some point and today was the day they paid a visit. Whether a larger pullback emerges will depend on events over the coming days, but today's selling did emerge at some natural attack points for shorts.

The S&P finished with a 'bearish cloud cover,' but it did manage to hold declining resistance turned support, and the 20-day MA has entered the fray as an area for bears to work. But this wasn't the most bearish of the indices, and today's finish actually gives bulls a long play tomorrow (for a bounce off support).  Technicals also suggest a bounce.


While the S&P may give bulls something tomorrow, th...

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Option Review

LUV Options Active Ahead Of Earnings

There is lots of action in Southwest Airlines Co. November expiry call options today ahead of the air carrier’s third-quarter earnings report prior to the opening bell on Thursday. Among the large block trades initiated throughout the trading session, there appears to be at least one options market participant establishing a call spread in far out of the money options. It looks like the trader purchased a 4,000-lot Nov 37/39 call spread at a net premium of $0.40 apiece. The trade makes money if shares in Southwest rally 9.0% over the current price of $34.32 to exceed the effective breakeven point at $37.40, with maximum potential profits of $1.60 per contract available in the event that shares jump more than 13% to $39.00 by expiration. In September, the stock tou...



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Phil's Favorites

Larry Swedroe: Use Valuations for Expected Returns, Not Market Timing

Larry Swedroe: Use Valuations for Expected Returns, Not Market Timing

Courtesy of 

When forecasting investment returns, many individuals make the mistake of simply extrapolating recent returns into the future. Bull markets lead investors to expect higher future returns, and bear markets lead them to expected lower future returns. But the price you pay for an asset also has a great impact on future returns. Consider the following evidence:

The average historical P/E ratio for the market has been around 15. A study covering the period from 1926 through the second quarter of 1999 found that an investor buying stocks when the market traded at P/E ratios of between 14 and 16 e...



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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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Insider Scoop

UPDATE: Brean Capital Initiates Coverage On GrubHub

Courtesy of Benzinga.

Related GRUB UPDATE: JMP Securities Initiates Coverage On GrubHub Inc Benzinga's Top Initiations Making Money With Charles Payne: 09/25/14 (Fox Business)

Brean Capital initiated coverage on GrubHub Inc (NYSE: GRUB) with a Hold rating.

Analyst Tom Forte noted that "catalysts for the stock include an accelerat...



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Sabrient

Sector Detector: Sharp selloff in stocks sets up long-awaiting buying opportunity

Courtesy of Sabrient Systems and Gradient Analytics

Last week brought even more stock market weakness and volatility as the selloff became self-perpetuating, with nobody mid-day on Wednesday wanting to be the last guy left holding equities. Hedge funds and other weak holders exacerbated the situation. But the extreme volatility and panic selling finally led some bulls (along with many corporate insiders) to summon a little backbone and buy into weakness, and the market finished the week on a high note, with continued momentum likely into the first part of this week.

Despite concerns about global economic growth and a persistent lack of inflation, especially given all the global quantitative easing, fundamentals for U.S. stocks still look good, and I believe this overdue correction ultimately will shape up to be a great buying opportunity -- i.e., th...



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Digital Currencies

Goodbye War On Drugs, Hello Libertarian Utopia. Dominic Frisby's Bitcoin: The Future of Money?

Courtesy of John Rubino.

Now that bitcoin has subsided from speculative bubble to functioning currency (see the price chart below), it’s safe for non-speculators to explore the whole “cryptocurrency” thing. So…is bitcoin or one of its growing list of competitors a useful addition to the average person’s array of bank accounts and credit cards — or is it a replacement for most of those things? And how does one make this transition?

With his usual excellent timing, London-based financial writer/actor/stand-up comic Dominic Frisby has just released Bitcoin: The Future of Money? in which he explains all this in terms most readers will have no tr...



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OpTrader

Swing trading portfolio - week of October 20th, 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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Market Shadows

Falling Energy Prices: Sober Look takes a Sober Look

Falling Energy Prices: Sober Look takes a Sober Look

What do falling energy prices mean for the US consumer? Sober Look writes a brief yet thorough overview of the consequences of the correction in the price of crude oil. There are good aspects, particularly for the consumer, bad aspects, and out-right ugly possibilities. For more on this subject, read James Hamilton's How will Saudi Arabia respond to lower oil prices?  In previous eras, Saudi Arabia would tighten the supply to help increase prices, but in this "game of chicken," the rules m...



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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.

Here's this week's Stock World Weekly. Just sign in with your PSW user name and password. (Or take a free trial.)

#457319216 / gettyimages.com

 

...

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Promotions

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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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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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