Archive for the ‘High Mailing Priority’ Category

Why investors are helpless against Wall Street’s secret brainwashing machine

People are not rational. They are master rationalizers, however. Is Wall Street using our belief that we can be ever rational against us? 

Why investors are helpless against Wall Street’s secret brainwashing machine

Courtesy of Paul B. Farrell at Market Watch

Yes, the new behavioral economics is Wall Street’s secret mind-control brainwashing machine. Call it behavioral economics, psychology of investing, the new science of irrationality, it is Wall Street’s most powerful weapon because you can’t see it. They even try to make you think they’re helping you. Bull.

Behavioral economists used to be guardians of America’s 95 million Main Street investors, with an aura of integrity, professionals with a fiduciary responsibility. No more. They’re the investors’ enemy, working for Wall Street banks, for Washington politicians, operating in the shadows, like the NSA, developing tools and technologies to secretly control data, manipulate the brains of savers, voters, taxpayers and investors.

Don’t believe me? At first, I couldn’t believe the con game. Back in 2002 when Princeton psychologist Daniel Kahneman won the Nobel Prize in Economic Sciences we were hopeful. He disproved Wall Street’s oldest fraud, the myth of the “rational investor.” We cheered. Kahneman’s research that proved investors were never rational … are in fact irrational … always have been irrational … and we always will be irrational.

At first we assumed humans can change — we can still educate ourselves to be more rational. We even assumed Wall Street’s behavioral economists would help us become “less irrational.”

Fat chance. Since then, behavioral economists have been capitalizing on their newfound power to get personally richer: Getting research grants, speaking fees, university professorships and, of course, consulting contracts with Wall Street banks, Corporate America and Washington politicians.

What did we get? In recent years many of their books resemble high school level self-help “Psych 101” books with cute titles like “Freakonomics,” “Nudge,” “Sway,” “Animal Spirits,” “Blink,” “Blunder,” “Beyond Greed & Fear,” “Predictable Irrational,” all cleverly packaged for mass-market consumption, all with implied promise that their book will make you less irrational, ready to beat the Wall Street casino.

Unfortunately, since 2002, behavioral economics has failed American investors, instead of helping us, Wall Street is…
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M&A Deal and Dollar Volume Explodes

Courtesy of Joshua Brown, The Reformed Broker

Jeff Kleintop puts together the latest on M&A – in both deal volume and deal dollar size – for his latest piece at Charles Schwab. He notes:

Merger and acquisition (M&A) activity of publicly traded companies around the world has hit an eight-year high, according to data from Bloomberg. Both the number of announced global M&A deals and their size in U.S. dollars in April surged to their highest levels since April 2007. March also posted one of the strongest months for M&A announcements in a decade. This surge comes after about a year and a half of rebounding global M&A activity.

Screen Shot 2015-06-01 at 2.28.36 PM

Josh here – Between buybacks and buyouts, no one should be surprised that market participants are behaving as though there is a stock shortage. Because there is, as I explained here: Ladies and Gentlemen, the Stock Market is (still) Shrinking

People are overbidding for quality stocks right now because:

a) they have to buy something with all the money pouring out of their asses

b) there is a perception that what they don’t buy today, they’ll be forced to buy tomorrow at a higher price

c) it feels good, so why not?

d) career risk – can’t fall behind that goddamn benchmark for even a goddamn second before the redemption requests come rolling in.

e) capital is cheap free.

f) we’re living longer, there’s a sense that we can tolerate more risk because the new endpoint is 90, not 70. And we’ll need equity-like returns to get there, so let’s take risk now – not later.

The M&A boom just gives us one more reason. “If I sell now, chances are the buyer of my shares is either the CFO of the company executing a buyback or an activist who is about to push the stock into a buyer’s embrace.”

There’s a very 2006-2007ish quality to the desperation to participate. For those of you who weren’t there – the gist of every investment thesis was that such-and-such company is a no-brainer candidate for an LBO and that even if the stock went down, the value of the real estate on the company’s books would more than make up for it.

Substitute M&A / Buybacks today for LBOs and Private Equity 8 years ago and the rationales are largely the same.

Source:

M&A Boom May Be Good News for Investors (Charles Schwab)

 





Digesting Stock Gains

 

Digesting Stock Gains

Courtesy of Wade of Investing Caffeine

Despite calls for “Sell in May, and go away,” the stock market as measured by both the Dow Jones Industrial and S&P 500 indexes grinded out a +1% gain during the month of May. For the year, the picture looks much the same…the Dow is up around +1% and the S&P 500 +2%. After gorging on gains of +30% in 2013 and +11% in 2014, it comes as no surprise to me that the S&P 500 is taking time to digest the gains. After eating any large pleasurable meal, there’s always a chance for some indigestion – just like last month. More specifically, the month of May ended as it did the previous six months…with a loss on the last trading day (-115 points). Providing some extra heartburn over the last 30 days were four separate 100+ point decline days. Realized fears of a Greek exit from the eurozone would no doubt have short-term traders reaching for some Tums antacid. Nevertheless, veteran investors understand this is par for the course, especially considering the outsized profits devoured in recent years.

The profits have been sweet, but not everyone has been at the table gobbling up the gains. And with success, always comes the skeptics, many of whom have been calling for a decline for years. This begs the question, “Are we in a stock bubble?” I think not.

Bubble Bites

Most asset bubbles are characterized by extreme investor/speculator euphoria. There are certainly small pockets of excitement percolating up in the stock market, but nothing like we experienced in the most recent burstings of the 2000 technology and 2006-07 housing bubbles. Yes, housing has steadily improved post the housing crash, but does this look like a housing bubble? (see New Home Sales chart)

Source: Dr. Ed’s Blog

Another characteristic of a typical asset bubble is rabid buying. However, when it comes to the investor fund flows into the U.S. stock market, we are seeing the exact opposite…money is getting sucked out…
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Weighing the Week Ahead: Will Job Gains Signal an Economic Rebound?

This week’s economic calendar is loaded with important data, featuring the employment situation report on Friday. The jobs story has been the most encouraging economic theme, with a recent assist from housing.

Especially in the context of the negative Q1 GDP report, next week’s theme will be:

Will strong employment gains signal a second half economic rebound?

Prior Theme Recap

In my last WTWA (two weeks ago, since I had a travel weekend) I predicted that market discussions would once again focus on rising interest rate and the effect on stock prices. That was a good call for the entire two week period. Despite generally weak economic data, the Fed seems to be on course for higher interest rates this year.

Feel free to join in my exercise in thinking about the upcoming theme. We would all like to know the direction of the market in advance. Good luck with that! Second best is planning what to look for and how to react. That is the purpose of considering possible themes for the week ahead.

This Week’s Theme

This week’s big data and event calendar comes at a time of intense debate over the state of the economy. In the context of the fresh, negative revisions to Q1 GDP each new piece of evidence is searched for any sign of a rebound. Were unusual factors at work in the first quarter? Should we expect a strong rebound?

Employment news has been the most encouraging of any of the economic data. This week’s reports include several which bear upon the employment outlook, culminating with Friday’s comprehensive employment situation report. I expect market observers to be asking:

Will employment growth signal a second-half economic rebound?

The Viewpoints

There are three basic viewpoints, but the differences are very sharp.

  • Recession is imminent – perhaps already arrived. (Thousands of hits in just the past week).
  • Recent weakness is temporary and explainable. The post-recession modest growth


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The Housing Market: Two Cities, Two Views

 

Josh Brown is calling the latest housing market "ballistic." However, for a more concerning interpretation of the numbers, keep reading. Lee Adler offers his perspective in Housing’s Tale of Two Cities, posted below.

Housing Market: Shall we say…ballistic?

Courtesy of 

Rising wages, a tighter labor market, the wealth effect from tremendous stock and bond market gains, Millennials turning mid-30’s, pent-up home-shoppers coming out after a terrible winter – these are all the ingredients for a ballistic housing market, not unlike the one I had guessed we would see this spring (see my February story at Fortune here). [Lee Adler has a different view of "rising wages" than Josh. Lee notes that median household income has only risen at the rate of 1.1% per year in 2006.]

Last week, we got data on new single-family home starts that was just incredible – a 22% gain over the prior year. This week, we heard this about homes under contract as of April (via Barclays):

Pending home sales rose 3.4% m/m in April, coming in a bit above our forecast (3.0%) and well above consensus expectations (0.9%) for only a modest rise. The strength in April pending sales was broad-based, with gains led by the Northeast (10.1%) and Midwest (5.0%). Sales activity in these regions was hard hit by adverse weather in Q1 and the strength in April pending sales suggests a boost to regional existing home sales in the coming months. Gains in the Midwest (5.0%) and South (2.3%) were more modest, though these regions did not recently experience declining sales. The April data leave total pending sales up 13.4% y/y and, on balance, are supportive of our expectation of a solid Q2 rebound in residential investment.

As you can see, we’re back above pre-crisis levels. Residential housing has indeed gone ballistic this spring:

Screen Shot 2015-05-29 at 10.52.25 AM

[My emphasis]

Source: Update: US pending home sales post solid advance in April. Barclays – May 28th 2015

Housing’s Tale of Two Cities

Courtesy of  

It was the best of times. It was the worst of times. Allow me to use…
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World War D-Deflation

By John Mauldin, originally published at Thoughts for the Frontline.

Everywhere I go I’m asked, “Will there be inflation or deflation? Are we in a bull or bear market? Is the bond bull market over and will interest rates rise?”

The flippant answer to all those questions is “Yes.” And that can be the correct answer as well, but it depends on what your time frame is and what tools you use to measure the markets and inflation. One of the newer members of the Mauldin Economics team is Jawad Mian, who writes a powerful global macro letter from his base in Dubai. He has been making the case for the “end of the deflation trade” (or more properly the return of a reflationary period) and the knock-on effects that would cause. Longtime readers know that I am in the secular deflation camp and ask me why there’s such a seeming difference my views and Jawad’s.

The answer is that Jawad and I are more or less on the same page over the longer term; the difference lies in the time frame of our perspective writings. I tend to think and forecast about longer periods of time, whereas Jawad’s main audience is portfolio managers and traders who are focused on the next 6 to 18 months. I tend to think in secular cycles, while Jawad is focused on the cyclical horizon. When you read the section below that Jawad writes, you will find a fairly upbeat analysis.

And that difference opens up a very important discussion for this week’s letter. I will start off by explaining why I think we are still in a long-term secular bear market in US stocks, even while I can clearly see that we are also in a powerful cyclical bull market. It is important to know both, because there are quite different investment approaches that are appropriate for different combinations of secular and cyclical cycles.

Then we turn to Jawad, who will discuss why we could see a reflationary macro regime emerge in much of the developed world and where the resulting opportunities might lie. I will finish up with why I think that this reflationary period will be temporary, with a potential for a serious round of deflation further out in…
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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Iraq About to Flood Oil Market in New Front of OPEC Price War (Bloomberg)

Iraq is taking OPEC's strategy to defend its share of the global oil market to a new level.

The nation plans to boost crude exports by about 26 percent to a record 3.75 million barrels a day next month, according to shipping programs, signaling an escalation of OPEC strategy to undercut U.S. shale drillers in the current market rout. The additional Iraqi oil is equal to about 800,000 barrels a day, or more than comes from OPEC member Qatar. The rest of the Organization of Petroleum Exporting Countries is expected to rubber stamp its policy to maintain output levels at a meeting on June 5.

FDIC: Fewer Problem banks, Residential REO Declines in Q1 (Calculated Risk)

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $39.8 billion in the first quarter of 2015, up $2.6 billion (6.9 percent) from a year earlier. The increase in earnings was mainly attributable to a $4.3 billion rise in net operating revenue (net interest income plus total noninterest income). Financial results for the first quarter of 2015 are included in the FDIC's latest Quarterly Banking Profile released today.

FDIC Problem Banks

Consumer confidence in Germany is at its highest in 13.5 years, as the positive economic outlook and low inflation persuade consumers to open their purses, a poll foundGerman consumer confidence hits 13.5-year high (Business Insider)

Consumer confidence in Germany is at its highest in 13.5 years, as the positive economic outlook and low inflation persuade consumers to open their purses, a poll found on Wednesday.

"Very strong domestic demand in Germany and the low rate of inflation are fuelling economic expectations and consumers' willingness to spend," market research company GfK said in a statement.

By contrast, income expectations have slipped slightly from their previous record high, the statement said. 


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Regional Fed Manufacturing Surveys for May and the ISM Index (Calculated Risk)

Earlier today the last two regional Fed surveys for May were released. As expected, the Dallas Fed was especially weak due primarily to weakness in the oil sector.

Fed Manufacturing Surveys and ISM PMI

FischerFischer: Fed Rate Hikes May Trigger Global Volatility (Fox Business)

When the Federal Reserve raises U.S. interest rates for the first time in nearly a decade, it should weigh the effects on global economies and can expect some bouts of financial market volatility, a top Fed official said on Tuesday.

"In the normalizing of its policy, just as when loosening policy, the Federal Reserve will take account of how its actions affect the global economy," U.S. Federal Reserve Vice Chairman Stanley Fischer said in Israel. "The actual raising of policy rates could trigger further bouts of volatility, but my best estimate is that the normalization of our policy should prove manageable for the emerging market economies."

Thoughts: The Fed is constrained in just how far they raise rates, so yes they will, but it won't be a massive increase. The world will not fall apart due to that and the increase in interest will not be enough to pull money away from income-producing investments (like dividend paying stocks) anytime soon. 

MBA: Mortgage Refinance Applications Decrease in Latest Weekly Survey, Purchase Index up 14% YoY (Calculated Risk)

Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 22, 2015. …

Mortgage Refinance Index

This grid battery startup is raising funds to ramp up in a competitive market (Forbes)

Meet a young startup with a huge utility deal and a lot of promise.

Tesla is only the most well-known company that’s usinglow-cost batteries and software to potentially change how the power grid operates. There are a half dozen others, and one of those is a startup called Advanced Microgrid Solutions that hopes to raise $18.8 million to


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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Iraq About to Flood Oil Market in New Front of OPEC Price War (Bloomberg)

Iraq is taking OPEC's strategy to defend its share of the global oil market to a new level.

The nation plans to boost crude exports by about 26 percent to a record 3.75 million barrels a day next month, according to shipping programs, signaling an escalation of OPEC strategy to undercut U.S. shale drillers in the current market rout. The additional Iraqi oil is equal to about 800,000 barrels a day, or more than comes from OPEC member Qatar. The rest of the Organization of Petroleum Exporting Countries is expected to rubber stamp its policy to maintain output levels at a meeting on June 5.

America will die old and broke: The systematic right-wing plot to ransack the middle-class nest egg (Salon)

Through a quirk in state term limits combined with a terrible midterm election, the Nevada legislature has been taken over by amateurs and extremists. The legislature is now debating whether to dismantle the Nevada public employee pension system (PERS), a system that has gotten consistently high marks for transparency, responsibility and stewardship.

This attack on retirement benefits follows a very familiar pattern of fabricating data to destroy retirements that work and that people really like. It’s the same nonsense and lies used to destroy private pensions two decades ago, but this time it’s being done as part of a partisan wet dream of “limited government.” It’s a strategy as American as fast food and crumbling infrastructure.

An Oil Processing Facility In The Upper NileSouth Sudan Oil Field Becomes Key Battleground as Economy Reels (Bloomberg)

After 17 months of civil war spanning a swathe of South Sudan bigger than Syria, President Salva Kiir’s survival may hinge on the fate of a single oil field.

Paloch in Upper Nile state, the only region still pumping crude in a nation with sub-Saharan Africa’s third-largest reserves, has re-emerged as the rebels’ prime target.


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Three and a half years since the last 10% correction

If the S&P 500 does not have a 5% correction this year, it will be the first time in 20 years. And it's been 3.6 years since the last 10% correction. And trailing and forward PEs are relatively high. In the low interest rate environment, higher-than-normal stock prices are the new normal, but how much higher? And should we expect a reset with the Fed's plans to ease the interest rate higher?

Three and a half years since the last 10% correction

Courtesy of 

Deutsche Bank is out with a piece of research this weekend mentioning the fact that the S&P 500 has just broken a record high thanks to a median trailing PE ratio of over 18 – the highest we’ve seen since 2010. They note that this PE ratio is 12% above the long-term average going back to 1960. The forward PE of 17.3 times earnings expectations over the coming four quarters is 22% above the historical median. David Bianco attributes this, as almost all of us do, to the incredibly low yields on bonds and their effect on the equity risk premium.

More interestingly, Bianco includes an acknowledgement that it has now been 916 days since the last 10% correction for the index, or 3.6 years (last October’s Ebola /ISIS sell-off was 9-and-change percent intra-day). We’ve not had even a 5% correction so far in 2015 despite a spate of elevated volatility earlier in the year.

Here’s David Bianco and Ju Wang:

We believe the probability of a 5%+ dip is high this summer and our tactical call remains Down given the S&P now at an even higher PE than a year ago, heightened uncertainty in 10yr yields, weak earnings growth and continued soft economic data. We haven’t had a 5%+ dip this year. Historically 5%+ dips are common and happen at least once a year since 1960, except 1964, 1993 & 1995. It has been 916 trading days (3.6 years) since a 10% correction. Selloff triggers could be a further rise in 10yr yields especially if UE keeps falling amidst slow economic growth and Fed remains unclear on first hike timing, or a jump in the dollar upon the Fed expressing firm intentions to hike in Sept.

Screen Shot 2015-05-23 at 10.48.16 AM

Source:

S&P hits record high on 18 trailing PE, PE will be sensitive to Treasury yields
Deutsche Bank – May 22nd, 2015

Picture by Geralt at Pixabay.

 





 
 
 

Zero Hedge

Is This Why 'Europe' Is Now Trying To Crush Greece?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Via The NY Times,

To the Editor:

If, as Paul Krugman suggests, Greece leaves the euro and returns to the drachma, and if it is then successful at reconfiguring its economy and managing to re-establish a functional government that collects taxes and pays debts, wouldn’t this encourage other economically struggling states like Italy, Ireland, Portugal and even France to abandon the union?

Won’t a successful Greece show others that — much as many young people who cannot afford to pay their rent return home — they, too, can return to the way things used to be...



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Phil's Favorites

Missing the Forest for the Trees

  Missing the Forest for the Trees

Courtesy of Wade of Investing Caffeine

Just days ago, billionaire investor and corporate activist Carl Icahn called the stock market “extremely overheated,” especially as it relates to high yield bonds. He communicated these comments over Twitter after saying markets are “sailing in dangerous unchartered waters.” Given recent Greek developments regarding its inability to strike a debt repayment deal with eurozone leaders, Mr. Icahn might get exactly the volatility he expected when he made those comment...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

A Year of Lower Oil Prices: Crossing A Boundary? (Art Berman)

The oil price collapse of 2014-2015 began one year ago this month (Figure 1).  The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. It represents a phase change like when water turns into ice: the composition is the same as before but the physical state and governing laws are different.

Market Wrap: Greek "Capitulation" Optimism Sends Global Risk Higher After China Re-crashes (Zero Hedge)

Before we focus on the Greek drama whic...



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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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Kimble Charting Solutions

Shanghai index creates historic reversal pattern like 2007

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

Much of the attention around the world seems to be revolving around a small country called Greece. What about the most populated country in the world (China), any key messages coming from there of late?

Well another Month, Quarter and Half a year are in the books. With this in mind I wanted to look at Monthly action of the hottest stock market in the world, the Shanghai Index. Above looks at the Shanghai index over the past 25-years. The 100%+ rally over the past year has pushed the Shanghai index up to its 23% Fibonacci ratio and a long-term resistance line, that has been in play for 25-years at (1) above.

As the Shanghai index was hitting this...



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Insider Scoop

Level 3 Acquires DDoS Mitigation Company Black Lotus, No Terms

Courtesy of Benzinga.

Related LVLT Benzinga's Top Initiations Goldman Sachs Initiates Level 3 Communications With Buy The Time To Hedge Is Now! June 2015 Update (Seeking Alpha)

Global telecommunications provider Level 3 Communications, Inc. (NYSE: LVLT), announced it acquired privately held Black Lotus, a provider of ...



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Chart School

No Update

Courtesy of Declan.

Stockcharts.com running very slow, so no update today. ...

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OpTrader

Swing trading portfolio - week of June 29th., 2015

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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Digital Currencies

BitGold Now Available in US! Why BitGold?

Courtesy of Mish.

BitGold USA

Effective today, BitGold Announces Platform Launch in the United States.

BitGold, a platform for savings and payments in gold, is pleased to announce the launch of the BitGold platform for residents of the US and US territories. As of today, US residents can sign up on the BitGold platform and buy, sell, or redeem gold using BitGold’s Aurum payment and settlement technology. US residents will also have access to the BitGold mobile app and a prepaid card when these features launch over the coming weeks. Send and receive gold payment features are not initially available in the US.

About BitGold

...



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Sabrient

Sector Detector: Bulls under the gun to muster troops, while bears lie in wait

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

Courtesy of Sabrient Systems and Gradient Analytics

Two weeks ago, bulls seemed ready to push stocks higher as long-standing support reliably kicked in. But with just one full week to go before the Independence Day holiday week arrives, we will see if bulls can muster some reinforcements and make another run at the May highs. Small caps and NASDAQ are already there, but it is questionable whether those segments can drag along the broader market. To be sure, there is plenty of potential fuel floating around in the form of a friendly Fed and abundant global liquidity seeking the safety and strength of US stocks and bonds. While the technical picture has glimmers of strength, summer bears lie in wait.

In this weekly ...



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Pharmboy

Baxter's Spinoff

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

Baxter Int. (BAX) is splitting off its BioSciences division into a new company called Baxalta. Shares of Baxalta will be given as a tax-free dividend, in the ratio of one to one, to BAX holders on record on June 17, 2015. That means, if you want to receive the Baxalta dividend, you need to buy the stock this week (on or before June 12).

The Baxalta Spinoff

By Ilene with Trevor of Lowenthal Capital Partners and Paul Price

In its recent filing with the SEC, Baxter provides:

“This information statement is being ...



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Mapping The Market

An update on oil proxies

Courtesy of Jean-Luc Saillard

Back in December, I wrote a post on my blog where I compared the performances of various ETFs related to the oil industry. I was looking for the best possible proxy to match the moves of oil prices if you didn't want to play with futures. At the time, I concluded that for medium term trades, USO and the leveraged ETFs UCO and SCO were the most promising. Longer term, broader ETFs like OIH and XLE might make better investment if oil prices do recover to more profitable prices since ETF linked to futures like USO, UCO and SCO do suffer from decay. It also seemed that DIG and DUG could be promising if OIH could recover as it should with the price of oil, but that they don't make a good proxy for the price of oil itself. 

Since...



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Promotions

Watch the Phil Davis Special on Money Talk on BNN TV!

Kim Parlee interviews Phil on Money Talk. Be sure to watch the replays if you missed the show live on Wednesday night (it was recorded on Monday). As usual, Phil provides an excellent program packed with macro analysis, important lessons and trading ideas. ~ Ilene

 

The replay is now available on BNN's website. For the three part series, click on the links below. 

Part 1 is here (discussing the macro outlook for the markets) Part 2 is here. (discussing our main trading strategies) Part 3 is here. (reviewing our pick of th...

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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!




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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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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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