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Democrats Told “Don’t Mention ‘Economic Recovery’ – It’s A Political Loser”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Democratic strategists have made a blunt declaration in an election-year memo, according to AP, “Don’t talk about the economic recovery. It’s a political loser.” Stan Greenberg, James Carville and others wrote that in head-to-head polling tests the mere mention of the word “recovery” is trumped by a Republican assertion that the Obama administration has had six years to get the economy moving and its policies haven’t worked. But, but, but… stocks are at all-time highs?

 

As AP reports, Election-year memo to Democratic candidates: Don’t talk about the economic recovery. It’s a political loser.

As a start, Democrats should bury any mention of the recovery. That message was tested … and it lost to the Republican message championed by Karl Rove,” they wrote.

 

So say Democratic strategists in a blunt declaration that such talk skips over “how much trouble people are in, and doesn’t convince them that policymakers really understand or are even focusing on the problems they continue to face.”

 

In addition, Stan Greenberg, James Carville and others wrote that in head-to-head polling tests the mere mention of the word “recovery” is trumped by a Republican assertion that the Obama administration has had six years to get the economy moving and its policies haven’t worked.

Coincidentally or not, Democrats have largely shelved the “R” word.

President Barack Obama’s only utterance of it in recent weeks was on April 8, and it was in the context of accusing Republicans of blocking progress on issues that “would help with the economic recovery and help us grow faster.”

 

Additionally, at a news conference on March 26 where they announced a campaign-season agenda, neither Senate Majority Leader Harry Reid, D-Nev., nor most of the other five lawmakers present uttered the word “recovery.”

By traditional measurements, an economic recovery has been underway since partway through Obama’s first year in office.

The economy was shrinking when he was sworn in but turned positive in the third quarter of 2009. It has been growing since, although barely so at times. Unemployment, measured at 7.8 percent when Obama took office in January 2009, rose to 10 percent in October of that


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The Real ‘Reset’ Button

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

It’s too late now…

 

 

 

Source: Investors





Hyper-Sensitive Illinois Mayor Orders Police Raid Over Parody Twitter Account

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Mike Krieger of Liberty Blitzkrieg blog,

Just yesterday, I wrote a post about how a South Carolina construction worker was fined $525 and lost his job for not paying $0.89 for a drink refill while working at the Ralph H. Johnson VA Medical Center in downtown Charleston. The point was to emphasize how the law comes down with a devastating vengeance when an average citizen commits a minor crime, yet allows the super rich to loot and pillage with zero repercussions. There is now a systemic two-tier justice system operating in these United States, and the result will unquestionably be tyranny if the trend continues unabated.

The latest example of a lowly citizen being subject to a disproportionate use of the law, is Jon Daniel of Peoria, Illinois. Jon was behind a parody Twitter account that mocked Peoria mayor Jim Ardis, and his biggest mistake was not making it clear that it was a parody. As a result, Twitter had already suspended the account weeks ago. Problem solved, right? Wrong.

The tough guy mayor was so offended that a plebe would dare criticize his royal highness that he ordered a police raid on the home of Jon Daniel and his roommates. Peoria native, Justin Glawe wrote an excellent article on the subject for Vice. He writes:

Jon Daniel woke up on Thursday morning to a news crew in his living room, which was a welcome change from the company he had on Tuesday night, when the Peoria, Illinois, police came crashing through the door. The officers tore the 28-year-old’s home apart, seizing electronics and taking several of his roommates in for questioning; one woman who lived there spent three hours in an interrogation room. All for a parody Twitter account.

 

Yes, the cops raided Daniel’s home because they wanted to find out who was behind @peoriamayor, an account that had been shut down weeks ago by Twitter. When it was active, Daniel used it to portray Jim Ardis, the mayor of Peoria, as a weed-smoking, stripper-loving, Midwestern answer to Rob Ford. The account never had more than 50 followers, and Twitter had killed it because it wasn’t clearly marked as a parody. It was a joke, a lark—but it brought the police to Daniel’s door. The cops even took Daniel


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Guest Post: Liberty Movement Rising

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Brandon Smith of Alt-Market.com,

"Freedom had been hunted round the globe; reason was considered as rebellion; and the slavery of fear had made men afraid to think. But such is the irresistible nature of truth, that all it asks, and all it wants, is the liberty of appearing."  – Thomas Paine

The label of “fringe” is a common one used by statists, bureaucrats and paid shills in order to marginalize those who would stand against government corruption. The primary assertion being sold is that the “majority” joyously supports the establishment; and the majority, of course, is always right.

The liberty movement, which is a collection of numerous freedom organizations and political activists brought together by a shared philosophical bond, has been accused of “fringe” status for quite some time. With corporatist dominance over the mainstream media for decades backing an elitist machine in Washington and a global banking cartel footing the bill with money created from thin air, any such accusation can be made to seem “real” to those who are unaware.

The problem has always been a matter of physical action giving rise to an acknowledgment of numbers.

We have all heard the old story of the debate within the ancient Roman government over the idea of forcing the slave population to wear distinct armbands so that they could be more easily identified among the regular population. The concept was rejected on the realization that if the slaves were given a visual confirmation of their considerable numbers and strength, they would be encouraged to revolt against the Roman tyrants. That is to say, as long as the slaves felt isolated, they would remain apathetic and powerless. Of course, that was not always the case. Sometimes, a small group would stand up despite their supposed isolation, and the rest of the world, wide-eyed and astonished, would take notice.

The liberty movement has just experienced one of its first great moments of realization and empowerment in Clark County, Nev., and millions of past naysayers have been shell-shocked.

I covered my views in detail on the Bundy Ranch saga in Nevada in my article “Real Americans Are Ready To Snap,” amid the usual choir of disinformation agents and nihilists desperate to convince Web audiences that the liberty movement would do nothing…
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De-Escalation Off: US Deploys Troops To Poland

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

So what part of "All sides must refrain from any violence, intimidation or provocative actions," did the US not understand when they decided that deploying troops to Poland was in keeping with the four-party deal? As WaPo reports, Poland and the United States will announce next week the deployment of U.S. ground forces to Poland as part of an expansion of NATO presence in Central and Eastern Europe in response to events in Ukraine.

 

 

Via The Washington Post,

Poland and the United States will announce next week the deployment of U.S. ground forces to Poland as part of an expansion of NATO presence in Central and Eastern Europe in response to events in Ukraine.

 

That was the word from Poland’s defense minister, Tomasz Siemoniak, who visited The Post Friday after meeting with Defense Secretary Chuck Hagel at the Pentagon on Thursday.

 

Siemoniak said the decision has been made on a political level and that military planners are working out details.

 

There will also be intensified cooperation in air defense, special forces, cyberdefense and other areas. Poland will play a leading regional role, “under U.S. patronage,” he said.

So is that an escalation? or a de-escalation? or is it different when the US moves troops towards another nation's borders?

 

As a reminder, we noted in December, Russia's placement of tactical nuclear-capable weapons near the Polish border which at the time sent a very clear message of escalation (despite the, at the time, lack of New Cold War headlines). We wrote at the time,

Russia quietly has come through on its threat issued in April 2012, when it warned it would deploy Iskander missiles that could target US missile defense systems in Poland. From RIA at the time:

Moscow reiterated on Tuesday it may deploy Iskander theater ballistic missiles in the Baltic exclave of Kaliningrad that will be capable of effectively engaging elements of the U.S. missile defense system in Poland.

 

NATO members agreed to create a missile shield over Europe to protect it against ballistic


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What Collateral Shortage? Collectible Cars Used As “Hard Assets”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

You know it’s bad when… The central bank inspired nominal price surge in everything expensive has not quite exhausted the greater fool trend-chasing muppet “wealth-builders” yet. As HedgeCo reports, Classic Auto Funds Limited (CAF) is launching several investment partnerships using collectable classic cars as the “hard asset”. Forget oil-wells, real estate, or precious metals, as Robert Minnick (senior managing partner at CAF) states confidently, “many investors are recognizing the rising returns in specific classic cars as a low-risk asset.” A “low-risk” “investment” indeed… what could possibly go wrong?

 

As HedgeCo reports,

“Many investors are recognizing the rising returns in specific classic cars as a low-risk asset,” said Robert Minnick, Senior Managing Partner of CAF. “But they do not have the expertise to buy the right cars, nor do they wish to store and maintain them. We’re providing the investment vehicle for any individual who wants to own a piece of an Italian sports car, German sedan, or American muscle car as part of their financial portfolio.”

 

Similar to hard asset investments like fine art or wine, CAF operates by acquiring, storing, maintaining, and then selling the classic cars for its fund stakeholders. The first fund is already underway and is called “CAF/1: The Italian Restoration Fund”. CAF’s restoration team is currently hard at work refurbishing a 1971 Ferrari Dino 246 GT, a 1964 Ferrari 330 2+2, and a 1964 Maserati Mistral 3.5.

 

The Company also plans on having additional benefits for its members and fund investors by providing insider access to a wide range of car rallies, vintage racing, concours car shows and other special events that support the classic car lifestyle. “Regardless of your net worth, it takes time to become an insider,” said Michael Crenshaw, Executive Editor and Special Projects Manger for the Company. “CAF will provide a concierge-like service for members who want to enjoy their investments as a lifestyle and culture.”

Greatest Fool yet? Collateralized Tesla Obligations? Perhaps this is what Draghi intends to use to juice the European economy out of deflation? There’s always some collateral left to bundle, securitize, and pitch to a willing (and incapable) investor community jealously regarding the 0.001% “wealth” gains…





Russia Confirms Troop Build-Up Near Ukraine; Warns West, More Sanctions “Absolutely Unacceptable”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

For the first time, Russia has confirmed that it has built up its military presence on the Ukrainian border (according to Agence France Presse). On the heels of the de-escalation and the West’s threat of tougher sanctions (if Russia failed to abide by the new ‘deal’), Kremlin spokesman Dmirty Peskov told Rossiya TV that “we have troops in different regions, and there are troops close to the Ukrainian border. Some are based there, others have been sent as reinforcements due to the situation in Ukraine.” Reuters also reports that Washington statements “are unlikely to help dialogue,” and further sanctions would be “absolutely unacceptable.” It seems the ‘deal’ has done little to calm anything but the US equity market as Peskov blasted “You can’t treat Russia like a guilty schoolboy.”

 

The Daily Mail’s latest update on suspected (now confirmed) Russian troop build-up

 

As Al Arabiya reports, a Kremlin spokesman confirmed Friday that Russia has built up its military presence on the Ukrainian border, Agence France Presse reported, as the United States warned that Moscow would face tougher sanctions if it failed to abide by a new international deal on Ukraine.

We have troops in different regions, and there are troops close to the Ukrainian border. Some are based there, others have been sent as reinforcements due to the situation in Ukraine,” spokesman Dmitry Peskov told Rossiya 1 television, AFP reported.

 

 

Peskov said Russia would not be the only party held responsible for implementing the agreement on easing tensions in Ukraine, according to AFP.

 

He added that threats of further sanctions by Washington were “absolutely unacceptable.”

 

“Our Western colleagues are trying to push responsibility [for implementing the deal] toward our side. But it must be underlined: it is a collective responsibility,” Peskov said.

Reuters adds that President Vladimir Putin’s spokesman, Dmitry Peskov, said, “Statements like those made at a high level in Washington that the United States will follow in detail how Russia fulfils its obligations … are unlikely to help dialogue,”

You can’t treat Russia like a guilty schoolboy who has to put a cross on a piece of paper to show he has done his homework,” Peskov said in an


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18 Stats That Prove That Government Dependence Has Reached Epidemic Levels

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Michael Snyder of The American Dream blog,

Did you know that the number of Americans getting benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million?  In other words, the number of people that are taking money out of the system is far greater than the number of people that are putting money into the system.  And did you know that nearly 70 percent of all of the money that the federal government spends goes toward entitlement and welfare programs?  When it comes to the transfer of wealth, nobody does it on a grander scale than the U.S. government.  Most of what the government does involves taking money from some people and giving it to other people.  In fact, at this point that is the primary function of the federal government.

Just check out the chart below.  It comes from the Heritage Foundation, and it shows that 69 percent of all federal money is spent either on entitlements or on welfare programs…

Heritage Foundation

So when people tell you that the main reason why we are being taxed into oblivion is so that we can “build roads” and provide “public services”, they are lying to you.  The main reason why the government taxes you so much is so that they can take your money and give it to someone else.

We have become a nation that is completely and totally addicted to government money.  The following are 18 stats that prove that government dependence has reached epidemic levels…

#1 According to an analysis of U.S. government numbers conducted by Terrence P. Jeffrey, there are 86 million full-time private sector workers in the United States paying taxes to support the government, and nearly 148 million Americans that are receiving benefits from the government each month.  How long can such a lopsided system possibly continue?

#2 Ten years ago, the number of women in the U.S. that had jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin.  But now the number of women in the U.S. on food stamps actually exceeds the number…
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Guest Post: Why The West’s Financial Warfare Against Russia May Lead To The Real Thing

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by Harold James, originally posted at European Voice,

The revolution in Ukraine and Russia’s illegal annexation of Crimea have generated a serious security crisis in Europe. But, with Western leaders testing a new kind of financial warfare, the situation could become even more dangerous.

A democratic, stable, and prosperous Ukraine would be a constant irritant – and rebuke – to President Vladimir Putin’s autocratic and economically sclerotic Russian Federation. In order to prevent such an outcome, Putin is trying to destabilise Ukraine, by seizing Crimea and fomenting ethnic conflict in the eastern part of the country.

At the same time, Putin is attempting to boost Russia’s appeal by doubling Crimeans’ pensions, boosting the salaries of the region’s 200,000 civil servants, and constructing large, Sochi-style infrastructure, including a $3 billion (€2.2bn) bridge across the Kerch Strait. This strategy’s long-term sustainability is dubious, owing to the strain that it will put on Russia’s public finances. But it will nonetheless serve Putin’s goal of projecting Russia’s influence.

For their part, the European Union and the United States have no desire for military intervention to defend Ukraine’s sovereignty and territorial integrity. But verbal protests alone would make the West look ridiculous and ineffective to the rest of the international community, ultimately giving rise to further – and increasingly far-ranging – security challenges. This leaves Western powers with one option: to launch a financial war against Russia.

As the former US Treasury official Juan Zarate revealed in his recent memoir “Treasury’s war”, the US spent the decade after the 11 September 2001 terrorist attacks developing a new set of financial weapons to use against the United States’ enemies – first Al Qaeda, then North Korea and Iran, and now Russia. These weapons included asset freezes and blocking rogue banks’ access to international finance.

When the Ukrainian revolution began, the Russian banking system was already over-extended and vulnerable. But the situation became much worse with the toppling of Ukrainian President Viktor Yanukovych and the annexation of Crimea, which triggered a stock-market panic that weakened the Russian economy considerably and depleted the assets of Russia’s powerful oligarchs.

In a crony capitalist system, threatening the governing elite’s wealth rapidly erodes loyalty to the regime. For the corrupt elite, there is a tipping point beyond which the opposition provides better protection for…
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China Wanted Capitalism But it Also Got Strikes

Courtesy of ZeroHedge. View original post here.

Submitted by Pivotfarm.

Peering in from the outside or through the looking glass at what’s going down on the other side is always a distortion of reality. We sit here in the west looking at the development, the changes and the progress of China and then the stark reality kicks in. Yes, China got capitalist. It got controlled neo-liberalist (if that can ever exist). They have tried anyhow to make it as much. But, along with that opening up came the strike force of the labor market. Unhappy workers, the masses tired of drudging day-in and day-out to the factories and donning their uniforms to go down the coal mines to fuel the burners blazing away under Beijing. In March alone, according to China Labor Bulletin (based in Hong Kong) there were no fewer than 119 strikes that took place in the country.

119 strikes might not seem like a lot given the scope and the demography of the country; but, when was the last time you heard of over a hundred strikes in the country you are sitting in? Even the French couldn’t top that one; and they are renowned for downing tools and taking to the streets. There are tons of strikes that they like to do: sit-ins, by rota, partial, sympathy, wild-cat strikes, go-slow or work-to-rule. Call it what you will. The Chinese are now doing it and following suit.

Although there are no official government statistics, the labor-rights group in Hong Kong is just about the only thing we might be able to rely on. There’s no wonder that the strikes are taking place. The workforce has shrunk by 920 million (National Bureau of Statistics) since 2012. The one-child policy has meant that the active population has taken a beating and been weaned off the multitude of workers that the factories had to make do with less. Less is more? Hardly, they are paying the price of all of that today. Parents are also not prepared to allow their only child to work their hind legs off in some factory and they have looked for better alternatives to factory drudge.…
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Zero Hedge

David Stockman On 'The QE Follies': Bernanke's Swell Gift To The Big Four Banks

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by David Stockman via Contra Corner blog,

I recently pointed out that the Fed’s 5-year campaign to drive the 30-year mortgage rate from 6.5% to 3.3% had accomplished nothing except to touch off another of those pointless “refi” booms which enable homeowners to swap an existing mortgage for a new one carrying a significantly lower interest rate and monthly service cost. Such debt churning exercises have been sponsored repeatedly by the Fed since the S&L debacle of the late 1980s.

I further noted that this time the Fed had re...



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Chart School

Weekly Market Summary

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

The set-up coming into this past week was clean: SPX and NDX exhibited breadth extremes from which they usually bounce and April Opex is a seasonally strong week (post).

In the event, SPX rose nearly 3%. In the process it exhibited a familiar pattern: overnight gaps in the past 4 days accounted 60% of the week's gain. Cash hours, when liquidity is greatest, was not where the meat of the gains took place. That was even more true for RUT and NDX which only posted cash hour gains during two of the four days.

After a sharp drop and a strong bounce, where does that leave the markets? Let's run through each of our market indicators...



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Insider Scoop

Nike Laying Off Fuel Band Team, According to CNET

Courtesy of Benzinga.

Nike (NYSE: NKE) is laying off 70-80 percent the engineers who created its FuelBand Fitness Tracker. according to a post that first surfaced on the social network Secret and was reported Saturday by CNET. Approximately 55 of the 70 employees on Nike's Digital Sport hardware team are reportedly being cut.

View full article http://www.cnet.com/news/nike-fires-fuelband-engineers-will-stop-making-wearable-hardware/

Posted-In: CNETNews Rumors

...

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Phil's Favorites

"Insatiable" Idiocy from the Economist on What to Do About Russia; Warmongers Can't Think

Courtesy of Mish.

In "Insatiable" the Economist says "The cost of stopping the Russian bear now is high—but it will only get higher if the West does nothing".

Economist: Mr Putin has used the Ukrainian crisis to establish some dangerous precedents. He has claimed a duty to intervene to protect Russian-speakers wherever they are. He has staged a referendum and annexation, in defiance of Ukrainian law. And he has abrogated a commitment to respect Ukraine’s borders, which Russia signed in 1994 when Ukraine gave up nuclear weapons. Throughout, Mr Putin has shown that truth and the law are whatever happens to suit him at the time.

Mish: What a bunch of one-sided hypocritical nonsense. The ...



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Market Shadows

Canary In the Yen Shaft: $10 trillion JGBs; No Bids!

Two guest authors, David Stockman and long-time contributor John Rubino, write about the current state of Abenomics. 

Canary In the Yen Shaft: $10 trillion JGBs; No Bids!

By  

This one matters a lot. Abenomics was predicated on a lunatic notion—namely, that the economic ills from Japan’s massive debt overhang could be cured by a central bank bond buying spree that was designed to be nearly 3X larger relative to its GDP than that of the Fed. Yet anyone with a modicum of common sense and market...



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Option Review

Wild Ride For Chipotle

Shares in Chipotle Mexican Grill Inc. (Ticker: CMG) opened higher on Thursday morning, rising more than 6.0% to $589.00, after the restaurant operator reported better than expected first-quarter sales ahead of the opening bell. But, the stock began to falter just before lunchtime on concerns the burrito-maker will increase menu prices for the first time in three years. The price of Chipotle’s shares have since fallen into negative territory and currently trade down 3.5% on the session at $532.89 as of 1:50 p.m. ET.

Chart – Shares in Chipotle cool by lunchtime

...

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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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Sabrient

What the Market Wants: Positive News and Stocks at Bargain Prices

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Last week’s market performance was nasty again, especially for the Small-cap Growth style/cap, down 4%.  Large-caps faired the best, losing only 2.7%.  That’s ugly and today’s market seemed likely to be uglier today with escalating tensions over the weekend in Ukraine. 

But once again, positive economic trumped the beating of the war drums. Retail Sales jumped up 1.1% over a projected 0.8% and last month’s tepid 0.3%, which was revised up to 0.7%.  While autos led, sales were up solidly overall.  Business inventories were about as expected with a positive tone.  Citigroup (C) handily beat estimates to add to the morning’s surprises.  As a result, the market was positive through most of the day, led by the DJI, up 0.91%, and the S&P 500, up 0.82%.  NASDAQ had a less...



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Digital Currencies

Facebook Takes Life Seriously and Moves To Create Its Own Virtual Currency, Increases UltraCoin Valuation Significantly

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

The Financial Times reports:

[Facebook] The social network is only weeks away from obtaining regulatory approval in Ireland for a service that would allow its users to store money on Facebook and use it to pay and exchange money with others, according to several people involved in the process. 

The authorisation from Ireland’s central bank to become an “e-money” institution would allow ...



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OpTrader

Swing trading portfolio - week of April 14th 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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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 is the new Stock World Weekly. Please sign in with your user name and password, or sign up for a free trial to Stock World Weekly. Click here. 

Chart by Paul Price.

...

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Promotions

See Live Demo Of This Google-Like Trade Algorithm

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

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

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

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

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



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Pharmboy

Here We Go Again - Pharma & Biotechs 2014

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

Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.

And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference.  Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014?  The Biotech ETF beat the S&P by better than 3 points.

As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...



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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...

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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.

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