Archive for the ‘Appears on main page’ Category

Good On You, Greece--But Don’t Waver Now (Part 2)

 

Good On You, Greece—–But Don’t Waver Now (Part 2)

Courtesy of 

Yesterday the embattled Greeks delivered still more body blows to the rotten regime of Keynesian central banking and the crony capitalist bailout state to which it is conjoined. By defaulting on its IMF loan, walking away from the troika bailout program and taking control of its insolvent domestic banking system, Alexis Tsipras and his band of political outlaws have shattered a giant illusion.

Namely, that the world’s debt serfs will endlessly and meekly acquiesce to whatever onerous, eleventh hour arrangements might be concocted by their official paymasters——even when these expedients are for no more noble or sustainable purpose than to forestall a Monday moring hissy fit among the gamblers in the world’s financial casinos.

So at midnight on June 30 the proverbial can was not kicked again as scheduled. Instead, Greek democracy kicked back. And it is to be hoped that the end result will be a mighty boot to the tyranny of the status quo in the form of a resounding “no” vote on Sunday.

The latter would clarify that everything at issue between the parties is false. There is no way to pay Greece’s debts, modify the troika austerity plan, save the euro, rescue Greece’ banking system or stabilize Europe’s hideously mispriced and distorted debt markets.

It's all going to blow and it should. The entire European mess has been concocted by statist politicians and policy apparatchiks who falsely and arrogantly believe they can defy the laws of markets, sound money and fiscal rectitude indefinitely.

The truth lost in all the meaningless “puts and takes” of the latest negotiations is that Greek state was bankrupt five years ago; it can not reform, save, skimp, or grow its way out of its crushing debt, and should stop looking for ways to accommodate its paymasters. It urgently needs to default massively and decisively, and is in a ideal position to do so.

That’s because the clowns who run the troika have taken themselves hostage. That is, they have shifted virtually the entirety of Greece’s unpayable debts from private banks and bond funds to the taxpayers of Europe, the US, Japan and even the unwary citizens of Peru, Senegal and Bangladesh.

Here is the debt in 2009–mostly owed to private


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Non-Farm Thursday – Is Good News Bad News?

We're waiting on the jobs report.  

Nothing really matters until we get that bit of data – certainly not these thrashing indexes that may or may not be in their death throes as the weather heats up and the Global Economy cools down.  The question is, do we want a lot of job growth – which will signal economic strength and drive up the Dollar in anticipation of eventual Fed rate hikes, or do we want bad news in weak jobs, that will stop the Dollar from kicking over the 95 line and keep the Fed hikes away for another quarter? 

Certainly given the choice between paying higher wages or getting MORE FREE MONEY, it's no choice at all for our Corporate Masters, who are also up to their eyeballs in debt that they've used to buy their own stock at record-high prices (what could possibly go wrong?).  We can only pray that they have done their part and refrained from hiring or, if hiring, haven't done anything too crazy like paying their workers more money.  

As we were discussing in Member Chat, Seattle has an $11 minimum wage since April 1st (gradually phasing to $15) and is already the fastest-growing part of our country for housing, according to the recent Case-Shiller Report.  Not only do higher wages provide an immediate boost to housing which, in turn, boosts the consumption of durable goods and adds construction and service jobs – but it has been a boon for the very businesses that feared the increase as their customers now have more money to spend (as well as their employees).  Los Angeles is next but starting at $10 this month.  

Lack of wage growth has been the unspoken plague that has been holding back our economy but, ironically, the Fed does everything it can to prevent wage inflation, which is also the kind of inflation that leads to all the rest.  That means, in 30 minutes, we're going to be more concerned with the change in hourly earnings, which popped 0.3% last month and sent the S&P down 20 points even though 280,000 jobs were created.  

Expectations for this report are running about 250,000 but it's how much we have…
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Missing the Forest for the Trees

 

Missing the Forest for the Trees

Courtesy of Wade of Investing Caffeine

Forest Free Image

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 comments. There’s no question a Greek default could definitely cause a short-term contagion effect, but there will be much larger fish to fry than domestic equity markets (I will have much more to say on the Greek topic in my monthly newsletter).

While it’s difficult to argue with Carl Icahn’s long-term investment track record, currently there is little objective data (unemployment, yield curve, corporate profits, GDP, etc.) signaling an imminent recession or economic collapse. Whether you are an optimist or pessimist, there is no doubt we have come a long ways since the lows of 2009 – see Global Stock Market chart below:

Source: Mark Perry (Carpe Diem)

Source: Mark Perry (Carpe Diem)

The rapid price appreciation has been undeniable, but Mr. Icahn and other equity bears may be missing the forest for the trees. There has been a disproportional increase in the value of bond assets versus equity assets. More specifically, as can be seen from the chart below, the value of global financial assets increased an estimated +21.5% to $294 trillion from 2007 to 2014. Of the $52 trillion increase in global financial assets, 92% of the increase ($48 trillion) was derived from expanding debt obligations – not stocks. I’ve said it many times before, but if you are worried about the pricking of an equity bubble, make sure to buy some heavy-duty industrial ear plugs for eventual pricking of the bond bubble.

Source: Business Insider / McKinsey

Source: Business Insider / McKinsey

Former Treasury Secretary and Harvard President Larry Summers recently commented in an interview that a potential “Grexit” could have unforeseen consequences just like the situations leading to the collapse of Lehman Brothers, Long Term Capital Management, and the subprime market. At the time, those particular circumstances…
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Whipsaw Wednesday – Greece Up, China Down

Embedded image permalinkWheeeeeeee – what a ride! 

It's 7:39:11 am and Greece is "fixed" at the moment and we have to time-stamp it to the second or it may change again.  European markets are LOVING IT with 1.5-2.5% gains across the board but, on the whole, the DAX (the only one we really care about) isn't even close to our weak bounce line at 11,250 yet – so we don't care.  We do care about CHINA!!! (see yesterday's post), who dropped over $200Bn in stimulus this week and they fell another 5% this morning anyway.  That's not good, folks

5% would be a 900-point drop in the Dow in one day.  I think I need to put that in perspective because we say "China fell 5% today" and people go "well, isn't that a shame" and that's the end of it.  It's not a shame, folks, it's a TRAGEDY!  To sum things up, the Shanghai has fallend from 5,200 to 4,000, which is 23%, which would be over 4,000 Dow points and it bounced back to 4,300, which was a weak 25% retrace of the drop that was IMMEDIATELY reversed DESPITE massive stimulus measures.  

Of course the 3,900 line is bouncy – it represents a 25% drop from 5,200 so SOMEONE is going to speculate and buy that dip but the dip buyers ran straight into a new round of sellers and now 3,900 MUST HOLD on the Shanghai or Greece will be the last thing you're worried about next week!  

China Margin FinancingWe are nowhere near unwinding the 2 TRILLION Yuan ($339Bn) of margin debt that has built up in China, much of it financed at the 22% capped interest rates.  When your market is gaining 100% a year, taking a 22% loan out to buy stocks seems to make sense – especially when all of your state-controlled media (not to mention the Corporate Propaganda you pick up in the US) tells you how AWESOME everything is.  

There are now more registered stock traders in China (90M) than there are registered Communist Party Members (87.8M) – interesting news on the 94th anniversary of the party's founding.  It’s safe to assume this is not
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PROPAGANDA!

Remember what Phil wrote about CNBC back in Dec. 2010? Of course you do, but I'll help you with the actual words anyway:

CNBC has, overall, a 36% drop in ratings caused, perhaps, by 36% of the people who listen to their advice losing their homes with the Fast Money crew dropping a precipitous 56% in the past 12 months but still holding onto the same audience (41K) as Cramer. 

Why is CNBC failing in the ratings?  Because they put people like Kudlow and Cramer and Adami and Najarian on TV instead of people (yes, like me) who are going to give you the real news and attempt to actually inform you. Now, here’s the thing you need to think about – what kind of TV show(s) have you ever heard of that lose half their audience in a year and remain on the air? The answer –PROPAGANDA!  

Only a show that has an AGENDA other than making money could possibly stay on the air while it’s driving viewers away in droves.  It takes years to build up a viewership but, as CNBC has proven, only 12 months to drive half of them away.  Fast Money is not the only CNBC show that would have been canceled a year ago by any responsible programming executive – "The Call" is down 37%, "Power Lunch" is off 47%, "Street Signs" is down 45% and hour one of "Closing Bell" is down 43% while poor Maria drives another 8% away in hour 2.  

So, is it a sign of a market top when CNBC only has an average of 47,000 suckers tuned in at any given moment?  Sadly, in these thin market volumes, 47,000 sheeple mindlessly following Cramer off a cliff can still move the markets, so we have to torture ourselves daily and pay attention to what CNBC is saying as neither Fox Financial or Bloomberg have managed to match CNBC’s impact for moving the markets.  Even now, when I go to visit brokers on Wall Street, every office has TVs tuned to CNBC (maybe they are not Nielson families), even though, clearly, the broadcasts did nothing at all to help Wall Street avert the last crash and, in fact, many would argue that their mindless trend-following and their constant cheer-leading


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Shoot the Dog and Sell the Farm

 

Thoughts from the Frontline: Shoot the Dog and Sell the Farm

By John Mauldin

(Originally published on June 27, 2015)

“If this were a marriage, the lawyers would be circling.”

The Economist, My Big Fat Greek Divorce, 6/20/2015

Greece is again all the buzz in the media and on the commentary circuit. If you’re like me, you are suffering terminal Greece fatigue. You just want Greece and its creditors to “do something already” rather than continually coming to the end of every week with no resolution, amid finger-pointing and dire warnings from all sides about the End of All Things Europe – maybe even the world.

That frustration is a common human emotion. Perhaps the best and funniest illustration (trust me, it is worth a few minutes’ digression) is the story about one of my first investment mentors, Gary North, who was working in his early days for Howard Ruff in Howard’s phone call center before Gary began writing his newsletters and books. (Yes, I know I am dating myself, as this was the late ’70s and early ’80s, just as I was getting introduced to the investment publishing business. And for the record, I knew almost everyone in the publishing business in the ’80s. It was a very small group, and we got together regularly.)

Howard set up a phone bank where his subscribers could call in and ask questions about their investments and personal lives. One little lady had the misfortune to get Dr. Gary North on the line. (Gary was the economist for Congressman Ron Paul and went on to write it some 61-odd books, 13,000 articles, and more – all typed with one finger. He is a human word-processing machine.)

This sweet lady lived way out in the country and was getting older. She asked Gary if he thought it would be a wise idea for her to move into the city (I believe it was San Francisco) to live with her daughter. Not knowing the answer, Gary helped her work out the pros and cons over the phone, and she decided to move. A few days later she called back and said that she couldn’t bring her dog with her because of…
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Trillion Yuan Tuesday – China Pumps it Up to Close the Quarter

Photo published for Strap In! China Is Crashing Again

Down in the pleasure centre,
hell bent or heaven sent,
listen to the propaganda,
listen to the latest slander.
Pump it up until you can feel it.
Pump it up when you don't really need it. – Elvis

China has set a new Global record by dumping almost $200Bn (over 1Tn Yuan) in stimulus into their overheated markets in just two days.  Sunday night it was a rate cut AND lowering the reserve requirements for banks and yesterday afternoon they dropped another $50Bn in a "Reverse Repo" operation and, to cap it off this morning, the Finance and social Security Ministries published draft rules that would permit the state pension fund to invest up to 30% of its net asset value in securities, potentially allowing ANOTHER 600B yuan ($97B) to enter the market.

Take 30% of our retirement savings and buy stocks that already gained over 100% this year in an attempt to prevent a bear market from wiping out all of the gains – BRILLIANT!!!  

Embedded image permalinkCertainly Chinese speculators thought so as the Shanghai went from down 5.6% at the open to up 5.6% at the close!  This allowed them to save a little face at the close of the Quarter and, more importantly, promises Fund Managers a whole new round of suckers to dump shares into in July.

10% happens to be a Strong Bounce off the 25% drop, per our 5% Rule™, so we're not going to be too impressed until we see some follow-through.  Like us, Bloomberg is skeptical, saying: "China's Magic Tricks Can't Save Its Stock Market" warning us:

Only time will tell if Beijing's bag of tricks is empty. But if it is, the fallout on global markets could dwarf the impact of Greece's flirtation with default. The world, after all, has had a few years to contemplate a Greek exit from the euro. But if the world's biggest trading nation suddenly hit a wall, it would


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Good On You, Alexis Tsipras (Part 1)

Courtesy of David Stockman of Contra Corner

Late Friday night a solid blow was struck for sound money, free markets and limited government by a most unlikely force. Namely, the hard core statist and crypto-Marxist prime minister of Greece, Alexis Tsipras. He has now set in motion a cascade of disruption that will shake the corrupt status quo to its very foundations.

And just in the nick of time, too. After 15 years of rampant money printing, falsification of financial market prices and usurpation of democratic rule, his antagonists—–the ECB, the EU superstate and the IMF—-have become a terminal threat to the very survival of the kind of liberal society of which these values are part and parcel.

In fact, the Keynesian central banking and the Brussels and IMF style bailout regime—which has become nearly universal—-eventually fosters a form of soft-core economic totalitarianism. That’s because the former first destroys honest financial markets by falsifying the price of debt. So doing, Keynesian central bankers enable governments to issue far more debt than their taxpayers and national economies can shoulder; and, at the same time, force investors and savers to desperately chase yield in a marketplace where the so-called risk free interest rate has been pegged at ridiculously low levels.

That means, in turn, that banks, bond funds and fast money traders alike take on increasing levels of unacknowledged and uncompensated risk, and that the natural checks and balances of honest financial markets are stymied and disabled. Short sellers are soon destroyed because the purpose of Keynesian central banking is to drive the price of securities to artificially high and unnatural levels. At the same time, hedge fund gamblers are able to engage in highly leveraged carry trades based on state subsidized (free) overnight money, and to purchase downside market risk insurance (“puts”) for a pittance.

Eventually bond and stock “markets” become central bank enabled casinos—-riven with mispriced securities, dangerous carry trades, massive unearned windfall profits and endemic instability. When an unexpected shock or “black swan” event threatens to shatter confidence and trigger a sell-off of these drastically over-priced securities, the bailout state swings into action indiscriminately propping up the gamblers.

That’s what the Fed and TARP did in behalf of Morgan Stanley and Goldman back in September 2008. And it’s what the troika did in behalf of the French, German, Dutch, Italian and other European banks, which were stuffed with unpayable Greek and PIIGS debt, beginning in 2010.…
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Monday Market Meltdown – Greece is so Bad we’re Ignoring China!

I love a good distraction!  

One of the great things about being good at forecasting the Futures is that we were not only 100% prepared for Greece to melt down (our Short-Term Portfolio was already up 152% as of Friday's close) but we're already done talking about it and looking ahead to the much bigger Financial crisis in CHINA!!!  

If you are a typical short-term, short-sighted, impatient investor (they kind we make money off every day), now is a good time to click away and look for someone to explain to you what's going on in Greece.  I liked Felix Salmon's "I Haven't Been Paying Attention. What's Going On In Greece?" enough to send it to the 1,000 people who asked me that this weekend.  Greek markets are closed today (and will be all week along with the banks) but the Greek ETF (GREK) is trading and will open down 15-20% by my estimation.  

As I said, I'm bored with Greece, we discussed it all weekend (and all year, and all month) in Member Chat, so you can catch up HERE, and we already played our strong bounce lines in the Futures and took our profits at:

  • Dow (/YM) 17,670
  • S&P (/ES) 2,075
  • Nasdaq (/NQ) 4,430 
  • Russell (/TF) 1,264.20

Those are the strong bounce lines per our fabulous 5% Rule™ and we were able to predict them last night at 6pm, when the market opened and I tweeted out our long ideas as well as the exits and even used Seeking Alpha's Stock Talks to make sure all my readers got a chance to play.  Now it's time to look at CHINA!!!, where the bi-weekly emergency measures to prop up their markets have already FAILED this morning.  As I said on Friday in "Let’s Ignore China (again) and Terrorism Today!":

At $47.75, FXI should open lower this morning and we do expect China to step in with more stimulus but the Aug $45.50 puts at $1 are still a fun way to play if you don't like


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Greece is the Word

Talks between Greece and its creditors have broken down over the weekend and stock futures are tanking. The Greek stock market, and Greek banks, will be closed for the next week…. Could anyone have possibly seen this coming…?

Tsipras takes Greece to the edge of the precipice (Financial Times)

The FT takes a harsh view of Mr Tsipras' political tactics while also criticizing the creditors' uncompromising position and the political leadership in the eurozone. The result: an unfortunate, unnecessary standoff. 

The threat to the euro has always been a soluble problem cloaked in an aura of political impossibility. But with each day, both sides seem more willing to indulge in blame shifting rather than constructive engagement. Greece now stands on a precipice. It is increasingly hard to detect the path of retreat.

Greece imposes capital controls as crisis deepens (Reuters)

After bailout talks between the leftwing government and foreign lenders broke down at the weekend, the European Central Bank froze vital funding support to Greece's banks, leaving Athens with little choice but to shut down the system to keep the banks from collapsing.

Banks are expected to be closed all next week, and there will be a daily 60 euro limit on cash withdrawals from cash machines, which will reopen on Tuesday. Capital controls are likely to last for many months at least.

Stocks are getting crushed (, Business Insider)

The drop in stocks comes after a wild weekend of headlines out of Greece that saw talks between Greece and its creditors break down, Greece call a referendum vote on the latest bailout terms for next Sunday, while Greek banks and the Athens stock exchange have been closed for at least the next week. 

Greece also has a €1.6 billion payment due to the IMF on Tuesday, which it appears they will miss. 

fut_chart

FinViz

mohamed el-erian pimcoBrace for a Sell-Off: Here's how the markets will respond to this weekend's debacle in Greece (Mohamed El-Erian at Business Insider)

Given developments over the last 36 hours —


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Zero Hedge

3 Things: Valuations, Employment, Sectors

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Lance Roberts via STA Wealth Management,

You Can't Handle The Truth

John Coumarianos recently wrote an opinion piece for MarketWatch stating:

"...if you think low interest rates necessitate high stock prices, that wasn't the case in the 1940s when interest rates were low and stock prices were below their long-term average relative to past earnings.

True, we don't know what the market will d...



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Phil's Favorites

Greek Banks Down to Last €500 Million; Vote for Servitude Takes Slight Lead; IMF Says Greece Needs Another €60 Billion Bailout

Courtesy of Mish.

Greece Roundup

  • A "yes" vote in favor of servitude has now reached a slight majority according to some Greece referendum polls. How accurate the polls are is an issue.
  • Yanis Varoufakis, Greece’s finance minister, said he would resign if Greeks voted Yes in Sunday’s referendum on the country’s bailout. "I will not sign another extend and pretend agreement", said Varoufakis.
  • Greece to run out of essential food and medicine within days and banks down to last €500 million.
  • Daily allowance of cash from ATMs has dropped from €60 to €50.
  • Three quarters of business leaders think Greece will be forced to leave the eurozone in the next 12 months.

Vote for Servitude Takes Slight Lead

Reuters reports ...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Did the IMF Just Open Pandora's Box? (Zero Hedge)

By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by private entities such as hedge funds which already happened in 2012), then the rest of the PIIGS will come pouring in: first Italy, then Spain, then Portugal, then Ireland.

Baker Hughes rig count rises for the first time in 29 weeks (Business Insider)

The number of US oil rigs in use just rose for the first...



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Chart School

Neutral Day

Courtesy of Declan.

After yesterday's gains there was no more gas in the tank to squeeze any more out of the market. Worryingly, the Russell 2000 finished near Monday's lows in a relative loss to S&P and Nasdaq, suggesting bearish leadership will come from speculative Small Caps, and that further losses are likely. The S&P recovered afternoon losses, but the Spinning Top candlestick of today suggests the advance is slowing, and what may be emerging is a 'bear flag'. In the meantime, the index is caught in a no-mans land between resistance and support. ...

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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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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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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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