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Despite WHO’s Confidence, Mali Becomes 6th West African Nation With Ebola

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

In yet another blow for the doctors fighting the spread of this deadly disease, AP reports, Mali’s health minister says the West African country has confirmed its first case of Ebola. Despite every effort to close borders, quarantine areas, and now send US troops (to do… well we are not sure really), Mali becomes the sixth West African country to report an Ebola case.

 

 

 

As AP reports,

Mali’s health minister says the West African country has confirmed its first case of Ebola.

 

The announcement made on Malian state television Thursday evening by Ousmane Kone said that the patient was a 2-year-old girl who had come from neighboring Guinea.

 

The child was brought to a hospital in the Malian town of Kayes on Wednesday, and her blood sample tested positive for the virus.

 

Mali becomes the sixth West African country to report an Ebola case — though nearly all the cases and deaths have occurred in Liberia, Sierra Leone and Guinea.

 

Senegal and Nigeria had imported cases though both have now been declared Ebola-free.

 

The World Health Organization says the disease has killed at least 4,877 people and infected 9,936.

*  *  *

 

*  *  *

Sadly this comes just hours after WHO said the following:

The World Health Organization said on Thursday it was still trying to slow the rate of new infections but had “reasonable confidence” that the Ebola virus plaguing three West African ountries had not spread into neighbouring states.

 

Asked whether countries such as Guinea Bissau, Mali and Ivory Coast might have cases of the disease crossing their borders without knowing about or reporting them, WHO assistant director general Keiji Fukuda said he considered that unlikely.

I think that there is reasonable confidence right now that we are not seeing widespread transmission of Ebola into the neighbouring countries,” Fukuda told a news briefing in Geneva. 

* * *

Nailed it!





3 Things Worth Thinking About

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Lance Roberts of STA Wealth Management,

Inflation Goal Elusive For A Decade

I have written previously about the Federal Reserve's real worry which is a rise in deflationary pressures:

"The biggest fear of the Federal Reserve has been the deflationary pressures that have continued to depress the domestic economy. Despite the trillions of dollars of interventions by the Fed, the only real accomplishment has been keeping the economy from slipping back into an outright recession.

 

Despite many claims to the contrary, the global economy is far from healed which explains the need for ongoing global central bank interventions. However, even these interventions seem to be having a diminished rate of return in spurring real economic activity despite the inflation of asset prices.

 

Despite the ongoing rhetoric of those fearing inflation due to the Fed's monetary interventions the reality is that such actions have, so far, failed to overcome the deflationary forces of weak global demand."

What is quickly being realized on a global basis is that injecting the system with liquidity that flows into asset prices, does not create organic economic demand. Both Japan and the Eurozone's interventions have failed to spark inflationary pressures as the massive debt burden's carried by these countries continues to sap the ability to stimulate real growth. The U.S. is facing the same pressures as continued stimulative measures have only succeeded in widening the wealth gap but failed to spark inflation or higher levels of economic prosperity for 90% of Americans.

When interest rates spiked in 2013, and many calls for the "death of the bond bull" were being made, I was one of the few screaming that this would not be the case. The reason for my steadfast belief was simply the lack of the three catalysts required to spark inflation: rising commodity prices, rising wages and increased monetary velocity.

High-Inflation-Index-102314

(Read this for more on the construction of the index)

The reason I am dredging all of this history is to reiterate the point that Central Bank interventions have been proven NOT to be inflationary NOR effective in stimulating actual organic economic growth.

As stated by Bloomberg:


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This Is Where The IMF’s Christine Lagarde Is Working On Her Tan Right Now

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Because, we didn’t want to say anything, but IMF Head Christine Lagarde has been looking a little pasty recently…

 

 

They are all off to…

 

To work on “unlocking economic growth”

 

We assume by redistributing their wealth directly…





New York Department Of Health Issues Statement On Suspected Ebola Case

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Statement On Suspect Ebola Case From Dr. Howard Zucker, Acting Commissioner, New York State Department of Health

The state Department of Health is closely monitoring this potential case and is working with the New York City Department of Health and Mental Hygiene and the Federal Centers for Disease Control and Prevention to ensure that all appropriate protocols are being followed to protect public health and safety.

 

This patient is undergoing testing at Bellevue Hospital, which is one of the eight hospitals statewide that Governor Cuomo designated earlier this month as part of his Ebola Preparedness Plan to handle potential cases.

 

That facility is prepared and equipped for the isolation, identification, and treatment of any such patients.

 

Preliminary test results are expected to be completed in the next 12 hours.

 

It is important to remember that the symptoms exhibited by this patient can be indicative of other illnesses and that there is no confirmed case at this time.

* * *

So go about your business, spend, consume, walk around, use Uber… and we’ll lket u know in 12 hours if this chap that’s been in NYC for 10 days is infected with a deadly disease that experts are still unclear on whether can be spread via sneezing.





Revisiting Truth’s Moment

Courtesy of ZeroHedge. View original post here.

Submitted by Tim Knight from Slope of Hope.

Way back on August 30, I did a post called Past Fear, Present Fear, which offered up an analog of the VIX (please read it if you don’t remember; it’s a pretty good post). I would daresay it was one of the best posts I did in 2014, and things certainly unfolded as I hoped they would (although today was no fun for me). I followed up on October 9th with my Moment of Truth post, which was just before the markets started really falling hard. Thus – so far, so good.

I’ve hacked together an update of the analog (although much more sloppily, and with different colors). Below we see, in yellow, the “throw-under” low, followed by the green burst, the cyan mega-burst, and – – what we’re in right now – – the magenta decline. Historically, this was followed (in grey) by another push higher.

1023-vixold

Below is the present VIX, which is panning out similarly, except in a sped-up fashion (e.g. fewer bars). The big question, of course, is how long we stay in “magenta mode” (where the markets get complacent again and grind slowly higher) before we return to another surge in the VIX. It goes without saying I’ll be waiting for the grey rather impatiently.

1023-vixnew





Why Amazon Is Crashing: Jeff Bezos’ Nightmare Quarters In Charts

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The only six charts you need to know why the Amazon dream is over and why AMZN stock is currently crashing after hours to fresh 52 week lows.

Total employees and global sales growth:

 

Quarterly Operating and Net Income

 

Operating Margin: whoosh

 

LTM Operating Margin: at 0.1% it is pretty much the lowest ever.

 

Q3 over time for profit and net income

 

And for operating margin

 

and the result so far…





Ebola Fears Take Shine Off Panic-Buying Surge In Stocks

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Buyback-manipulated earnings produced the low-volume opening face-ripper everyone wanted and stocks took off, recovering yesterday's late losses and not looking back.Trannies were the big winners, led by a resurgence in Airlines (as Ebola in US is fixed) and, despite drastically lower than average volume, stocks kept lifting after EU close on a bed of AUDJPY and USDJPY… until 1450ET (when NYC Ebola headlines hit). Airlines were hit hard, S&P futures dumped back to VWAP, VIX was whacked back above 17, and the exuberant day transformed into merely a great day for stocks. Weakness in Treasuries and the HY bond ETF (despite notable compression in HY spreads) had the smell of a lot of HY issuance being hedged and unhedged but TSYs ended the day up 6-7bps (off their highs post-NYC-Ebola headlines). The USD rose for the 3rd day in a row taking gold lower. Copper (China) and Oil (Saudi) rose on the day (oil unch on the week).

 

 

 

Tale of two headlines…

 

Airlines ripped and dipped…

 

As traders instantly reached for VIX…

 

and S&P naged back top VWAP (on heavy volume)

 

Credit and bond markets seemed very driven by rate-locks and hedge needs after Europe closed. After Ebola TSY yields and stocks/HY dropped

 

HYG had an ugkly fat finger early on but closed very weak…

 

Treassuries once again surged in yield during the European session but held those losses thru most of the NY session until Ebola hit…

 

The USD rose once again – 3rd day in a row, led by EUR weakness

 

And USD Strength took the shine off gold, silver ended flat but copper rose (China data) and Oil (Saudi supply cut)

 

 

Intrday historical volatility is surging…

 

Charts: Bloomberg

Bonus Chart: 7 Year Itch (well 30 quarters)…?





The Biggest Threat To America

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Presented with no comment…

Q: “Who is going to defend the country without the Army?”

Zappa: “From what? The biggest threat to America is its own federal government… Will the Army protect anybody from the FBI? The IRS? The CIA? The Republican Party? The Democratic Party?… The biggest dangers we face today don’t even need to sneak past our billion-dollar defense systems… they issue the contracts for them.”

 

Source: The Burning Platform





40% Of Eurozone Banks Are In Bad Shape

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Raul Ilargi Meijer via The Automatic Earth blog,


David Myers Theatre on 9th Street. Washington, DC July 1939

Reuters has had a busy day today reporting on Europe’s banks and the stress tests the European Banking Authority is set to unveil on Sunday. And which put the EU and ECB on a see-saw like balancing act between credibility and panic.

The news bureau started off in the early morning citing a report by Spanish news agency Efe, which said 11 banks would fail the tests:

11 Banks To Fail European Stress Tests

At least 11 banks from six European countries are set to fail a region-wide financial health check this weekend, Spanish news agency Efe reported, citing several unidentified financial sources. The results of the stress tests on 130 banks by the European Central Bank are due to be unveiled on Sunday.

 

Four banks in Greece, three Italian lenders and two Austrian ones are among those that preliminary data showed had failed the tests, Efe said. It gave no details of how much capital the banks would have to raise and said this could yet change as numbers could be revised at the last minute. The euro fell on the report. Efe also identified a Cypriot bank and possibly one from Belgium and one from Portugal.

That’s right, the journalist lists 12 banks there, not 11. But anyway, that text is, miraculously, not available anymore, since at the same URL you now get the following article. Jean-Claude ‘When it gets serious, you lie’ Juncker’s first act in his first day in office as European Commission head may well have been to give Reuters a call. Make that a shout.

ECB Cools Speculation Over Bank Health Checks Ahead Of Results

The European Central Bank cautioned on Wednesday against speculation over the outcome of its stress tests after a media report said at least 11 banks had failed the landmark financial health checks, driving some banking shares lower. Austria’s Erste Group rejected the report from Spanish newswire Efe, which said that it along with banks from Italy, Belgium, Cyprus, Portugal and Greece, had


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New York’s First Ebola Case? Doctor Treating Ebola Patients In Guinea Rushed To Bellevue Hosptial

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Just when you thought it was safe to assume that Ebola-in-America was fixed (one day into Ron Klain’s tenure as Ebola Czar), NYPost reports some rather disquieting news. A New York City doctor – who returned from treating Ebola patients in Guinea 10 days ago – has been rushed under police escort to Bellevue Hospital… He is being tested for Ebola. Market liquidity has dried up instantly!

  • *PATIENT BEING TESTED AT BELLEVUE FOR POSSIBLE EBOLA, NYC SAYS
  • *NYC HEALTH DEPARTMENT TO ISSUE STATEMENT SOON, SPOKESMAN SAYS
  • *NYC: PATIENT WITH FEVER, GASTROINTESTINAL SYMPTOMS AT BELLEVUE
  • *NYC SAYS PATIENT EBOLA TEST RESULTS EXPECTED WITHIN 12 HOURS
  • *NYC TRACING ALL OF PATIENT’S CONTACTS
  • *NYC HEALTH DEPARTMENT ALSO WORKING CLOSELY WITH HHC

Update #2:

  • POSSIBLE NYC EBOLA PATIENT DID NOT SELF-QUARANTINE: CNN
  • POSSIBLE NYC EBOLA PATIENT TOOK UBER TO BOWLING ALLEY YDAY: CNN

 

As The Daily Mail reports,

Dr Craig Spencer, 33, who returned to the U.S. ten days ago from Guinea, was admitted to Bellevue Hospital in midtown Manhattan on Thursday and is being cared for in isolation.

 

The doctor flew to Africa on September 18 to treat patients in Guinea with non-profit organization, Medecins San Frontieres (MSF). 

 

The medic works at Columbia University Medical Center and originally comes from Detroit, Michigan.

 

Investigators were taking the case seriously because it is not believed that the doctor self-quarantined on his return from Guinea, CNN reported.

 

On September 18, Dr Spencer tweeted a picture of himself wearing a full yellow hazmat suit and face mask with the message: ‘Off to Guinea with Doctors Without Borders (MSF). Please support organizations that are sending support or personnel to West Africa, and help combat one of the worst public health and humanitarian disasters in recent history.’

 

 

On October 16, he checked in at a hotel in Brussels, Belgium, presumably on his return journey from Guinea to the U.S.

*  *  *

Full Statement on Patient at Bellevue Hospital


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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

"Why I Will Not Submit To Medical Martial Law"

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Brandon Smith of Alt-Market.com,

One of the most dangerous philosophical contentions even amongst liberty movement activists is the conundrum of government force and prevention during times of imminent pandemic. All of us at one time or another have had this debate. If a legitimate viral threat existed and threatened to infect and kill millions of Americans, is it then acceptable for the government to step in, remove civil liberties, enforce quarantines, and stop people from spreading the disease? After all, during a viral event, the decisions of each in...



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Phil's Favorites

The Death of the Blue Chip

The Death of the Blue Chip

Courtesy of 

My title above is only half-kidding. Because everytime Wall Street pronounces “The Death Of” anything, that’s pretty much when it starts working again. But there is an important point being made in a new article at the Wall Street Journal about the current state of some of our biggest stalwart stocks and their underlying businesses, a point I made two days ago here

Here’s the Journal:

A third of the companies in the Dow Jones Industrial Average have posted shrinking or flat revenue over the past 12 m...



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Chart School

S&P 500 Snapshot: Back in Rally Mode

Courtesy of Doug Short.

After a one-day pause, the S&P 500 returned to rally mode. The index opened at its 0.20% intraday low, vaulted upward and then drifted to its 1.81% mid-afternoon high. It closed ninety minutes later with a trimmed gain of 1.23%. The popular financial press touted strong pre-market earnings (most notably from Caterpillar and 3M) as the rally trigger and blamed the afternoon fade on renewed Ebola worries (a doctor being tested in NY).

Looking ahead ... will Amazon's post-close earnings disappointment trigger a market struggle at tomorrow's open? Stay tuned!

The yield on the 10-year Note closed at 2.29%, up 4 bps from yesterday's close. The weekly average for the 30-year fixed mortgage was announced today at 3.92%, the lowest rate since early June of last year.

Here is a 15-minute chart of the past five sessions.

...

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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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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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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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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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