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

Snow-Plough Driver In Total CEO Plane Crash Was Drunk, Investigators Say

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The awful news overnight of Total CEO Christophe de Margarie's death in a freak plane crash caused by the jet hitting a snow-plough on the runway has taken a darker twist. As RT reports, Russian prosecutors claim the driver of the snowplough was drunk, and the air traffic controller for the jet was an intern. However, his lawyer, however, says he was completely sober, due to a heart condition preventing him from drinking claiming "he was so sober at the time of the crash," adding "we don't want the blame for the accident falling on an ordinary man." Investigators added that "bad weather conditions and the possibility of a mistake by the pilot will also be considered." ITAR-TASS reports that Putin has sent his condolences and reached out to Francois Hollande, "Vladimir Putin has long known de Margerie and had a close working relationship with him."

 

The snowplough driver survived (while reports last night said he perished) – If proven guilty, the sentence for the driver under Russian law could be up to seven years in prison.

 

Video from the terible accident scene:

 

As RT reports,

Russian prosecutors claim the driver of the snowplow which crashed with Total CEO Christophe de Margerie’s jet was drunk. His lawyer, however, says he was completely sober, due to a heart condition preventing him from drinking.

 

“My client is suffering from an acute heart condition; he does not drink at all and his relatives and friends can testify to that,” Aleksandr Karabanov, the lawyer, said.

 

“He was sober at the time of the crash,” he also said, adding that a number of lawyers will be involved in Martynenkov’s defense. “We don’t want the blame for the accident to fall on an ordinary man,” he added.

 

Karabanov also made clear that he will insist on an independent expertise to determine the presence of alcohol in his client's bloodstream.

 

Russia’s Investigative Committee Vladimir Markin also told the reporters on Tuesday adding “there is a possibility that a number of airport staff will be suspended from carrying out their duties pending criminal investigation.” He also did not rule out the possibility of new arrests being made during the course of the investigation.

 


continue reading





Oil Tops $83, Gold Over $1255 As Commodities Spike Higher & Riyal Slides To 2009 Lows

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It is unclear what the catalyst is – aside from the bounce back from The FT’s rejection of Reuters rumor-spreading about ECB corporate bond buying but instead of the usual morning smackdown, precious metals are spiking higher. Gold hit $1255 – its highest in over 5 weeks). Oil is also spiking higher, WTI just broke above $83 (so much for that consumer tax cut?)

 

 

And oil is spiking too…

 

For now its unclear what is driving this BUT we do note that Saudi’s Riyal has tumbled notably away from its peg in recent days… weakest since Jan 2009

 

 

Charts: Bloomberg





First Swiss Gold Poll Shows Pro-Gold Side In Lead At 45%

Courtesy of ZeroHedge. View original post here.

Submitted by GoldCore.

First Swiss Gold Poll Shows Pro-Gold Side In Lead At 45%

The first poll of how the Swiss people will vote in the “Save Our Swiss Gold” initiative on November 30th shows that the Swiss are leaning towards voting for the pro-gold initiative. 

Gold Initiative Poll Results –  20 Minuten

The poll had quite a large sample of 13,397 people from all over Switzerland who participated in the first phase of the 20 Minuten online survey on October 15. 

The poll shows that 45% approve the Swiss gold initiative and 39% are against. There are 29% firm yes voters and 28% firm no voters (see graph). The poll shows 16% are leaning towards a yes or are “more yes” and 11% are leaning towards a no or are “more no.” 

20 Minuten or 20 Minutes in English, is a very popular German language free daily newspaper and online paper in Switzerland, published in a tabloid format and online.


Swiss Flag

The political scientist Lucas Leeman and Fabio Wasserfallen organised the survey according to demographic, geographic and political variables and it is weighted so that the sample corresponds as closely as possible the structure of the voting population according to 20 Minuten.

There are a lot of swing voters with 16% undecided and not wanting to commit themselves.

The poll suggests that the Swiss gold initiative remains tightly in the balance and may be much closer than is commonly expected.


Swiss Gold Reserves

Some have suggested that as this was an online poll, caution may be needed as the 13,397 people polled are likely to be more digital savvy and younger. However, it is still believed to give a good barometer of sentiment just five weeks before the poll and before there has been concerted campaigning by either side.

20 Minuten is distributed to commuters at over 150 train stations across the country. Since September 2004, the German language edition has been the most widely read daily newspaper in Switzerland, surpassing Blick. The audited distribution in 2004 was 329,242 (WEMF AG) and it had a readership of an estimated 782,000 according to Wikipedia.

The three key measures of the “Save Our Swiss Gold” initiative are the following:

* an increase in gold holdings of the SNB to reflect an allocation of 20% of total reserves (today gold accounts for 7.7% of…
continue reading





Europe Demands Banks Hand Over Their Lunch Money Following Swiss Franc Libor Rigging

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

…And don’t do it again!

Having confirmed that RBS, UBS, JPMorgan,,and Credit Suisse operated a cartell to manipulate bid-ask spreads of Swiss Franc libor, the European Commission has unleashed unmerciless vengeance on these law-breaking institutions:

JPMorgan fined EUR 72.2 Million, UBS fined EUR 12.7 Million, Credit Suisse fined EUR 9.17 Million, & RBS Nothing (for whistle-blowing).

The commission found that these four entities ‘influenced’ interest rate derivatives prices between March 2008 and July 2009 – probably the most volatile and price-sensitive period of American financial history.. and they get fined “an hour’s pay?”

Nothing ever changes…

 





Coke Blows Up Guidance, Is Latest Consumer Bellwether And Buffett Favorite To Disappoint, Stock Stumbles

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Yesterday it was IBM, today it is the turn of that other Buffett favorite and consumer-spending bellwether, Coke, to disappoint and push the stock lower, when not only did KO miss on the top line, reporting $11.98 billion in sales, below the Estimate $12.12 billion, but utter some unpleasant words about the future, guiding “below its long-term EPS growth target for 2014.” And because nothing says strong consumer like one of the biggest consumer staples blowing, we will merely wait for MCDs to come out next and complete the “recovery” picture.

And while elow we present some of the most amusing tidbits from the KO report, nothing beats “structural changes” as in:

  • Reported net revenues were even in the quarter and declined 2% year to date. Excluding the impact of structural changes, comparable currency neutral net revenues grew 1% in the quarter and 2% year to date.
  • Reported operating income increased 10% in the quarter and 2% year to date. Excluding the impact of structural changes, comparable currency neutral operating income grew 5% in both the quarter and year to date, while the Company continued to invest for growth in its brands with its global system partners.
  • After adjusting for structural changes, the Company delivered comparable currency neutral net revenue growth of 1% in the quarter, capturing global price/mix of 1%. On a year-to-date basis, comparable currency neutral net revenues grew 2% after adjusting for structural changes.

Is “strucutral changes” anothera name for “everything that lost us money”?

And yes, FX is becoming a headwind:

  • Third quarter reported EPS was $0.48, a decline of 13%, and comparable EPS was $0.53, even with the prior year quarter. Comparable currency neutral EPS increased 6%.
  • Reported operating income [for Eurasia and Africa] grew 15% in the quarter, which included a 9 point headwind from foreign currency
  • Reported operating income [for Latin America] decreased 9% in the quarter, which included a 6 point headwind from foreign currency

Talk to the Fed, guys. Talk to the Fed.

Moving on to the impact from Russia, which is about to wreak havoc on MCD as well:

  • Volume grew 5% in the Eurasia and Africa Group in the quarter leading to volume and value share gains in NARTD beverages…. with the exception of the Russia, Ukraine and Belarus


continue reading





A Closer Look Why Futures Bounced 30 Points Off The Lows On Today’s ECB BTFD Bailout

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As commented previously, the reason for today’s 30 point rip in emini futures from the lows hit just 4 hours ago, was a test of the ECB emergency BTFD service, today provided courtesy of Reuters which, just after the European close, gave what is ever more incorrectly called the “market” its dose of upward momentum ignition, when it reported that, in addition to the previously announced “private QE” which includes ABS and covered bond purchases, that Goldman’s head of the European central bank would also go ahead and monetize corporate bonds, taking a step even further than the Fed, which at least is confined to public securities, and directly influencing private asset prices.

The reason is well-known: in Europe there is a scarcity of unencumbered public debt, something we observed years ago

… and certainly ABS

… which means that for Draghi’s intervention to be felt, if only in the markets if not the economy, he will be forced to go down the capital structure until finally the ECB has no choice but to monetize equities.

Because when it comes to fixing the economy, helping the poor and “fixing inequality”, nothing succeeds like artificially inflating the EuroStoxx 50 higher yet again.

In any event, here is the catalyst for today’s market move, which Reuters attributes to “several sources familiar with the situation ” and “one person familiar with the work inside the ECB, speaking on condition of anonymity” :

The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view to begin buying early next year, several sources familiar with the situation told Reuters.

 

The ECB has already carried out work on such purchases, which would widen out the private-sector asset-buying programme it began on Monday – stimulus it is deploying to try to foster lending to businesses and thereby support the euro zone economy.

 

“The pressure in this direction is high,” said one person familiar with the work inside the ECB, speaking on condition of anonymity.

 

Asked about the possibility of making such purchases, an ECB spokesman said: “The Governing Council has taken no such decision.”


continue reading





Frontrunning: October 21

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

  • Total CEO de Margerie killed in Moscow as jet hits snow plough (Reuters)
  • China GDP Growth Rate Is Slowest in Five Years (WSJ)
  • Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom (BBG)
  • Carney Faces Scrutiny on Worst Payments Outage Since 2007 (BBG)
  • Ebola crisis turns a corner as U.S. issues new treatment protocols (Reuters)
  • Gold Buying Rebounds in India on Diwali Jewelry Sales (BBG)
  • China-backed hackers may have infiltrated Apple’s iCloud (Reuters)
  • Greece Said to Seek Recycling of Bank Funds for Exit (BBG)
  • Another merger-arb blows up: AbbVie to Pay Shire $1.64B Fee Over Nixed Merger (AP)
  • Because the market is unrigged: Forex-Rigging Fines Could Hit $41 Billion Globally (BBG)
  • Sears Seeks New Cash Via Two Paths (WSJ)
  • Oil Slump Rings Alarm Bells for Nigeria as Elections Loom (BBG)
  • SEC Is Steering More Trials to Judges It Appoints (WSJ)
  • Hong Kong leader indicates possible concession ahead of talks (Reuters)
  • Government Watchdog Recommends Review of Firm Facing Fraud Allegations (WSJ)
  • For More Teens, Arrests by Police Replace School Discipline (WSJ)
  • Staples says probing possible payment card data breach (Reuters)

 

Overnight Media Digest

WSJ

* China’s economy grew at its slowest pace for five years in the third quarter, suggesting the government’s targeted easing measures to boost economic growth haven’t yielded expected results. (http://on.wsj.com/1wl3lbA)

* French oil company Total SA said Chairman and Chief Executive Christophe de Margerie died Monday in a plane crash at a Russian airport. (http://on.wsj.com/1tGL8bA)

* The U.S. Government Accountability Office on Monday made a rare recommendation that the Department of Homeland Security consider stripping a $210 million contract from a major contractor, delivering a blow to the private company that once carried out most background security checks for the government. (http://on.wsj.com/1CO3PsO)

* Samsung Electronics Co said Tuesday the U.S. National Security Agency approved a number of its mobile devices for use by government officials to carry classified information, a positive step for the smartphone maker’s struggling mobile division. (http://on.wsj.com/1wh5ZQs)

* The Securities and Exchange Commission is increasingly steering cases to hearings in front of the agency’s appointed administrative judges, who found in its favor in every verdict for the 12 months…
continue reading





Latest Central Bank Sticksave Halts Futures Slide, Sends E-Mini Soaring After ECB Said “Looking To Buy Bonds”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Another day, another central bank sticksave.

Moments after Europe’s open, when once again the equity futures complex was threatening to break the upward trendline, after USDJPY took out stops and sliding below 106.3, pushing bonds both in Europe and the US to intraday highs, and the ES to session lows just above 1890, and then… here comes the ECB rumor cavalry, this time in the face of Reuters which blasted the tape with:

  • ECB LOOKING TO BUY CORPORATE BONDS ON SECONDARY MARKET: REUTERS

And because in this centrally-planned market no amount of GPIF or ECB doing what everyone knows they are doing headlines can not surprise the algos, ES has soared over 20 points from the overnight lows and is now solidly above the 200 DMA which was the clear intention of this latest sticksave.

Ironically, this happens even as the “pundits” interpret yesterday’s stronger than expected Chinese data as indicative of more China stimulus, not less! As Bloomberg summarized, “stronger-than-estimated economic data failed to convince analysts that China’s authorities will refrain from introducing more targeted measures.”

So first it was China reported better than expected goalseeked GDP “data” (if still the worst since 2009) which was evidence of more stimulus, not less, and then Reuters leaked today’s central bank “all green to buy stocks” headline.

To summarize: the S&P 500 is now almost 100 points higher from last Tuesday as the global central bank plunge protection team of first Williams and Bullard hinting at QE4, then ECB’s Coeure “ECB buying to start in a few days”, then China’s latest $30 billion “targeted stimulus”, then the Japanese GPIF hinting at a 25% stock rebalancing in the pension fund, and finally again the ECB, this time “buying of corporate bonds on secondary markets”, rolls on and manages to send stocks into overdrive. Even as absolutely nothing has been fixed, as Europe is still tumbling into a triple-drip recession, as Emerging Markets are being slammed by a global growth slowdown and the US corporate earnings picture is as bleak as it gets.

Because “fundamentals.”

In other news,  Asian markets are broadly flat-to-down as we write, with the Shanghai Composite and Hang Seng posting moves of -0.7% and 0.1% respectively whilst Japanese equities are notably underperforming, and dropping 2%, following the…
continue reading





“Anti-Petrodollar” CEO Of French Energy Giant Total Dies In Freak Plane Crash In Moscow

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Three months ago, the CEO of Total, Christophe de Margerie, dared utter the phrase heard around the petrodollar world, "There is no reason to pay for oil in dollars,"  as we noted here. Today, RT reports the dreadful news that he was killed in a business jet crash at Vnukovo Airport in Moscow after the aircraft hit a snow-plough on take-off. The airport issued a statement confirming "a criminal investigation has been opened into the violation of safety regulations," adding that along with 3 crewmembers on the plane, the snow-plough driver was also killed.

 

De Margerie, 63, joined Total in 1974 after graduating from the École Supérieure de Commerce in Paris. He served in several positions in the Finance Department and Exploration & Production division. In 1995, he became President of Total Middle East before joining the Total's Executive Committee as the President of the Exploration & Production division in May 1999. In May 2006, he was appointed a member of the Board of Directors. He was appointed Chairman and Chief Executive Officer of Total on May 21, 2010.

*  *  *

As RT reports,

According to preliminary data, the light aircraft collided with a snow-cleaning machine on takeoff, a source at the capital’s airport told RIA.

 

The aircraft was sending distress signals while still in the air and reporting an engine fire and fuselage damage, LifeNews reports. Upon crashing on the runway, the aircraft was engulfed in flames, reportedly killing everyone on board.

 

While initials reports suggested four people died in the tragedy, officials report that five bodies were found at the crash site, one allegedly being the driver of the snow-cleaning vehicle.

 

Vnukovo Airport has temporarily suspended all flights following the incident.

 

“A criminal investigation has been opened into the violation of safety regulations after a light aircraft crash in the capital's Vnukovo airport,” transport official Tatyana Morozova told RIA.

 

An investigative group is working at the crash site, Morozova added. In addition to people who were on board the plane, she said, the driver snowplow was


continue reading





A Caliph In A Wilderness Of Mirrors

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by Pepe Escobar, originally posted at Asia Times,

I'm aiming at you, lover
Cause killing you is killing myself

- Orson Welles (director), The Lady from Shanghai,1947

He's invincible. He beheads. He smuggles. He conquers. He's the ultimate jack-of-all-trades. No Tomahawk or Hellfire can touch him. He always gets what he wants; in Kobani; in Anbar province; with the House of Saud (which he wants to replace) trying to make Putin (who he wants to behead) suffer because of low oil prices.

If this was a remake of Orson Welles's noir classic The Lady from Shanghai, in the mirror sequence the lawyer (American?) and the femme fatale (Shi'ite?) would also get killed; but The Caliph of Islamic State would survive as a larger than life Welles, free to roam, plunder and "give my love to the sunrise" – as in a Brave Caliphate World shining in "Syraq" over the ashes of the Sykes-Picot agreement.

He's winning big in Iraq's Anbar province. The Caliph's goons are now closing in on – of all places – Abu Ghraib; Dubya, Dick and Rummy's former Torture Central. They are at a mere 12 kilometers away from Baghdad International. A shoulder-launched surface-to-air missile (or MANPAD) away from downing a passenger jet. Certainly not an Emirates flight – after all these are trusted sponsors.

Hit, in Anbar province, is now Caliph territory. The police forces and the province's operational command have lost almost complete control of Ramadi. The Caliph now controls the crucial axis formed by Hit, Ramadi, Fallujah; Highway 1 between Baghdad and the Jordanian border; and Highway 12 between Baghdad and the Syrian border.

The Caliph's goons are no less than taking over the whole, notorious Baghdad belt, the previous "triangle of death" in those hardcore days of American occupation circa 2004. Message to Donald Rumsfeld: remember your "remnants"? They're back. And they're in charge.

Both Ramadi and Fallujah have been reduced to an accumulation of bombed-out schools, hospitals, homes, mosques and bridges. Residential streets are virtually deserted. According to the United Nations, there are a least 360,803 internally displaced persons in Anbar, as well as 115,000 others in areas under The Caliph's control. At least 63% of the 1.6 million people living in the province are classified as "in need" – with hair-raising minimal access…
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!

 
 

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

Zero Hedge

NYSE Gives Up Trying To Fix Itself

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The NYSE has given up on re-opening the following 150 symbols in cash equities trading today... (including AAPL, XIV, and TVIX)

 

 

and here are the affected symbols...

 

That's great news...

...

more from Tyler

Chart School

Anticipating the 2015 Cost of Living Adjustment for Social Security

Courtesy of Doug Short.

Summary: Tomorrow the Social Security Administration will announce the 2015 COLA. A forecast based on data so far is 1.7%. But Q3 decline in energy prices strengthens the odds of a lower 1.6% adjustment.

Tomorrow the government will release the Social Security cost-of-living adjustment (COLA) for 2015. The adjustment will become effective with benefits payable for December but received by beneficiaries in January.

Although the first monthly Social Security payments were received in 1940, annual COLAs began being paid 35 years later in 1975. During 1975-82, COLAs were payable for June and received by beneficiaries in July. After 1982, COLAs were payable for December and received by beneficiaries in January.

How the Annual COLA is Determined

The adjacent table documents Socia...



more from Chart School

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...



more from Sabrient

Phil's Favorites

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 trouble following. As ...



more from Ilene

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 ...



more from OpTrader

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...



more from Paul

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

 

...

more from SWW

Option Review

Release Of Fed Minutes, Icahn Tweet Boost Shares In Apple

Shares in Apple (Ticker: AAPL) are near their highs of the session in the final hour of trading on Wednesday, adding to the muted gains seen earlier in the day, following the release of the September FOMC meeting minutes and after activist investor and Apple shareholder Carl Icahn tweeted, “Tmrw we’ll be sending an open letter to @tim_cook. Believe it will be interesting.” Icahn’s tweet hit the ether at 2:33 pm ET and was met with a spike in volume in Apple shares. The stock is currently up 2.0% on the day at $100.75 as of 3:15 pm ET.

Chart – Apple rally accelerate...



more from Caitlin

Digital Currencies

Bitcoin Has Been Getting Obliterated

Joe has found a place for Bitcoins, and if you hold a lot of them, you won't like it.

Bitcoin Has Been Getting Obliterated

Courtesy of 

Remember Bitcoin?

There's not much to say about it, except that it's doing TERRIBLY.

Here's a chart going back to earlier this summer. Charts don't get uglier than this.

Bitcoinwisdom

Interestingly, the Bitcoin industry continues to be quite excited about the prospects for the digital currency, and there continue to be announcements about expand...



more from Bitcoin

Promotions

Last Chance! See The 'Google-Like' Trading Algorithm 'Live' TODAY

Traders and Investors,

RSVP NOW to attend a special presentation TODAY at Noon or 9:00 pm ET, where you’ll see a powerful trading algorithm that’s been tested and proven to return phenomenal results on a consistent basis. 

In fact, it has an 82% win rate…

And had you only traded the conservative alerts recommended by the algorithm since inception, you would have experienced portfolio gains of more than 200%!

Register NOW and secure your virtual seat for one of Today’s LIVE presentations.

When you register for the webinar, you’ll also get instant access to following trading videos:

  • Instant access to FOUR Quick-Start Expectancy...


more from Promotions

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



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 >>