Archive for the ‘Immediately available to public’ Category

Global Debt Time Bomb Ticks – Puerto Rico Is Next

Courtesy of ZeroHedge. View original post here.

Submitted by GoldCore.

Global Debt Time Bomb Ticks – Puerto Rico Is Next

- Puerto Rico Governor says island cannot pay its $72 billion debt
- Puerto Rico debt 15 times per capita median debt of the 50 U.S. states
- Complicated arrangements misled bond investors to believe their funds were secure
- Share price of bond insurer exposed to Puerto Rican debt plummeting, possibly on inside information

Puerto Rican Governor Alejandro García Padilla addressed the island's people about $73 billion debt

Puerto Rican Governor Alejandro García Padilla addressed the island’s people about $73 billion debt

With all eyes on Greece it would seem another crisis relating to unpayable debt is brewing in the Caribbean. The governor of Puerto Rico, Alejandro García Padilla, has warned that the island is unable to pay its debts of $72 billion.

Puerto Rico has managed to rack up an astounding level of debt relative to the size of its economy. Moody’s estimates the small U.S. territory to have bond debts fifteen times greater than the median bond debt of the 50 U.S. states.

Padilla has warned that by 2025 the island could have bond debt of up to $40,000 for every man, woman and child – in a territory with high unemployment and where the average annual wage is less than $20,000.

The debt was amassed by offering too-good-to-be-true terms to U.S. investors wishing to avoid paying high taxes at home. Interest paid on Puerto Rico’s bonds are tax exempt in the U.S.

A complicated set of arrangements lulled investors into a false sense of security with regards to Puerto Rican bonds. For a start, the constitution “contains an unusual clause that requires general-obligation bonds to be paid ahead of virtually any other government expense,” according to the New York Times.The government then promised specific revenue streams to different groups of bondholders.

The 2008 crisis hurt the economy badly and the government continued to promise more and more revenue streams in order to issue more and more bonds, the funds from which were used to finance current expenditure. Now there is simply not enough cash to finance debt and public services.

The governor did not specifically say that debts would be restructured. He did, however, say that he was “guaranteeing our citizens essential services and our pensioners a just income.”

Now, bondholders are at risk as are the funds which hold Puerto Rican bonds and, more importantly,…
continue reading





“Strong Fundamentals” Meme Destroyed As US Manufacturing PMI Slows To Its Weakest Since October 2013

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

US Manufacturing PMI's final print for June at 53.6 (slightly above its preliminary 53.4 print) is its lowest since October 2013. The survey has fallen almost non-stop since the end of QE3. Under the covers, data was mixed, softer output growth was offset by a slight pick-up in the pace of new business gains and job creation, but Manufacturers indicated a slowdown in production growth for the third month running during June. As Markit's echief economist notes, “Policymakers will be concerned about the unbalanced nature of growth, and in particular the loss of export and investment drivers, and will want to see growth pick up again in coming months before committing to higher interest rates.”

Worst since Oct 2013…

As Markit explains,

June data indicated a slower improvement in overall business conditions across the U.S. manufacturing sector, with softer output growth offsetting a slight pick-up in the pace of new business gains and job creation. The latest survey indicated that subdued export demand remained a key factor weighing down overall new order growth, as highlighted by a fall in new work from abroad for the third month running. Meanwhile, input cost inflation picked up in June, but output charge inflation moderated since the previous month.

The seasonally adjusted final Markit U.S. Manufacturing Purchasing Managers’ Index™ (PMI™) registered 53.6 in June, down from 54.0 in May and the lowest reading since October 2013.

Manufacturers indicated a slowdown in production growth for the third month running during June. Reports from survey respondents suggested that subdued export sales and weaker investment spending patterns in the energy sector had weighed on output growth.

Things changed after the end of QE3…

Commenting on the final PMI data, Chris Williamson, Chief Economist at Markit said:

“Purchasing managers are reporting the slowest rate of manufacturing expansion for over a year and a half, suggesting that the economy is slowing again.

“The slowdown is largely linked to a third consecutive monthly fall in exports, in turn attributed by many companies to the strong dollar undermining international competitiveness.

“Investment spending also appears to be waning, with recent months seeing the slowest growth of new orders for business equipment and machinery for two years. The investment slowdown suggests companies are becoming more risk averse and cautious in their spending. The current impressive


continue reading





“Heartbreaking” Scene Unfolds At Greek Banks As Pensioners Clamor For Cash

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

1,000 Greek bank branches chanced a stampede in order to open their doors to the country’s retirees on Wednesday.

The scene was somewhat chaotic as pensioners formed long lines and the country’s elderly attempted to squeeze through the doors in order to access pension payments.

As Bloomberg reports, payouts were rationed and disbursals were limited according to last name. Here’s more

It’s a day of fresh indignities for the people of Greece.


About a third of the nation’s depleted banks cracked open their doors after being closed for three days. But all they did was ration pension payments, hours after the country became the first advanced economy to miss a payment to the International Monetary Fund and its bailout program expired.

On the third day of capital controls, a few dozen pensioners lined up by 7 a.m. at a central Athens branch of the National Bank of Greece, an hour before opening time. They were to receive a maximum of 120 euros ($133), compared with the average monthly payment of about 600 euros. Many left with nothing after the manager said only those with last names starting with the letters A through K would get paid.

“Not only will I have to queue for hours at the bank in the hope of getting 120 euros, but I’ll have a two-hour round trip,” said Dimitris Danaos, 77, a retired local government worker who was making the bus journey from his home outside the Greek capital to the suburb of Glyfada. 

AFP has more color:

In chaotic scenes, thousands of angry elderly Greeks on Wednesday besieged the nation’s crisis-hit banks, which have reopened to allow them to withdraw vital cash from their state pensions.

“Let them go to hell!” said one pensioner waiting to get his money, after failed talks between Athens and international creditors sparked a week-long banking shutdown.

The Greek government, which closed the banks and imposed strict capital controls after cash machines ran dry, has temporarily reopened almost 1,000 branches to allow pensioners without cards to withdraw 120 euros ($133) to last the rest of the week.

The move has again sparked lengthy queues at banks across Greece — and outrage from many retirees who are regarded as among the most vulnerable in society, exposed to a vicious and


continue reading





ADP Rises To Highest Since 2014 Despite Challenger Job Cuts’ Surge To Highest Since 2010

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As the shortened week continues ahead of tomorrow's payrolls print, and amid chaotic Greek headline-hockey, ADP and Challenger jobs data gives us a glimpse of what volatility lies ahead. After jumping a little last month, but remaining in weak territory, ADP printed 237k for June (beating expectations of +217.5k) in line with estimates for nonfarm payrolls. This is the best print since Dec 2014 but is dominated by small businesses with large companies lagging.  Job gains were dominated by Services (+225k) with goods-producing fiorms gaining a mere 12k jobs. This comes after Challenger-Gray showed job cuts increasing 42.7% YoY in June and are at the highest level for June since 2009.

Mark Zandi, chief economist of Moody’s Analytics, said,

“The U.S. job machine remains in high gear. The current robust pace of job growth is double that needed to absorb the growth in the working age population. The only blemish in the job market is the loss of jobs in the energy sector. Most encouraging is the healthy rate of job growth among the nation’s smallest companies.”

Bounce back… good for the economy – bad for the market?

More visual details:

Change in Nonfarm Private Employment

Change in Total Nonfarm Private Employment

Change in Total Nonfarm Private Employment by Company Size

Change By Selected Industry

From the ADP report:

Payrolls for businesses with 49 or fewer employees increased by 120,000 jobs in June, the same as May. Employment among companies with 50-499 employees increased by 86,000 jobs, up from 63,000 the previous month. Employment gains at large companies – those with 500 or more employees – increased from May, adding 32,000 jobs in June, up from 19,000. Companies with 500-999 employees bounced back to 27,000 jobs added after shedding 1,000 jobs in May. Companies with over 1,000 employees added 5,000 jobs, down from 21,000 the previous month.

Goods-producing employment rose by12,000 jobs in June, after adding 11,000 in May. The construction industry had another solid month in June adding 19,000 jobs, down from 28,000 last month. Meanwhile, manufacturing added 7,000 jobs in June, after losing 2,000 in May.

Service-providing employment rose by 225,000 jobs in June, a strong rise from 192,000 in May. The ADP National Employment Report indicates that professional/business services contributed 61,000 jobs in June, almost


continue reading





Shanghai index creates historic reversal pattern like 2007

Courtesy of Chris Kimble.

shnaghaireversalpatternatresistancejuly1CLICK 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 dual resistance last month it created a large reversal pattern. Could a reversal pattern after a large rally become important? Below looks at large reversals after at least 100% rallies in a year.

shaghaibearishreversalafter100rallyjuly1CLICK ON CHART TO ENLARGE

As you can see, seldom has the Shanghai index created a 10% reversal pattern after a 100% rally in 12-months. Until this past month, only one time in the past 25-years has the index created at least a 10% reversal pattern after a 100% rally in 12-months, which was 2007. A large decline followed this reversal pattern back in 2007. For sure we don’t have a large number of samples to compare what took place last month. One should not lose sight of how rare last months action was and what its long-term message/implications could be!

No doubt the world believes what happens in Greece is important for global stock markets.  I am a fan of leadership, more so than being concerned about lagging stock markets or countries.

What the Shanghai index does going forward at (1) in the chart above (25-year resistance and Fib 23% level) should end up being very important for stock markets around the world in the next 6-months!

A break above dual resistance at (1) after this rare reversal pattern would be bullish for this global leader, lets see if it can accomplish it going forward!

To become a member of Kimble Charting Solutions, click here.





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
continue reading





Tsipras Allegedly Caves In On Many Creditor Demands; No Vote Leads Polls but Yes Gaining

Courtesy of Mish.

Stock futures are up this morning on news that Alexis Tsipras Backs Down on Many Greece Bailout Demands.

A reader asked me about Tsipras’ cave in, but I responded it is nothing but a political ploy ahead of the July 5 referendum as to whether or not Greece should accept the creditor’s take-it-or-leave-it offer.

I am not the only one who sees it that way. In spite of numerous headlines that make it appear as if this was a significant breakthrough.

  • Wolfgang Schäuble, Germany’s hardline finance minister, gave the latest Greek initiative short shrift, saying it was “no basis” for serious talks.
  • Eurozone officials involved in the talks cautioned Mr Tsipras’s remaining demands in the letter were “not a handful of minor changes” and would have “significant fiscal impact” and may not be acceptable to creditors.

Gaming the Vote

There was no cave in, this is merely electioneering by Tsipras to counteract the nonstop meddling and electioneering by Germany, France, Spain, and European Commission president Jean-Claude Juncker.

For details, please see Greece Rejects 25th Hour Request to Change Course; Tsipras Asks Eurozone for Third Bailout; Rajoy Seeks to Save His Own Ass.

No Vote Lead Narrowing

FXStreet reports Greek Referendum Poll Shows Lead for ‘No’ Vote Leading but ‘Yes’ Catching Up.

Another Greek bailout referendum opinion poll is out, conducted by prorata polling institute for efimerida ton synatkton newspaper, with responses before bank closure showing yes 30 pct, no 57 pct, don’t know 13 pct, while responses after bank closure have seen yes 37 pct, no 46 pct, don’t know 17 pct.

Rather than caving in, simply Tsipras’ proposal as a means to influence votes. As I noted yesterday, “As pertains to game-playing, Greek leaders have run circles around the eurozone nannycrats.”

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com



Continue Here





For The Bookies The Referendum Outcome Is Clear: Paddy Power Pays Out For “Yes” Votes

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The market may be scratching its head over the outcome of this Sunday’s Greek referendum, soaring on the faintest trace of good news such as the report of Tsirpas’ capitulation this morning then reluctantly selling off as the euphoria is rejected, but for the bookies the outcome is now clear: earlier today Ireland’s Paddy Power announced it has “paid out five figures” in winnings to gamblers who bet that Greece will back a July 5 austerity referendum that may seal the nation’s future as part of the euro region.

Cited by Kathimerini, Paddy Power – Ireland’s largest bookmaker – said in an e-mail in Dublin on Wednesday that “Despite some polls suggesting it’s neck and neck, over the last few days we’ve seen enough to be convinced. In a race with two potential outcomes we’ve seen over 85 percent of money go one way and that’s massive.”

It adds that gambling companies routinely pay out early on sporting events when they regard the result as a foregone conclusion, in part because it draws publicity and in part because gamblers often recycle winnings into other wagers.

Which is surprising because just a few hours earlier, a poll conducted between June 28-30 and published in the Efimerida ton Syntakton newspaper, showed 54 percent of those planning to vote in Sunday’s referendum would oppose the bailout against 33 percent in favor.

According to Reuters, “a majority of Greeks would vote ‘No’ to the terms of a proposed bailout deal by foreign lenders but the lead narrowed significantly after banks were closed this week, according to an opinion poll published on Wednesday. However, a breakdown of results between those polled before and after Sunday’s decision to close the banks and impose capital controls showed the gap narrowing.”

More details on the poll:

Of those polled before the announcement of the bank closures, 57 percent said they would vote No against 30 percent for who would vote Yes. Of those polled after, the No’s were at 46 percent against 37 percent for Yes.

The poll showed support for ‘No’ strongest among voters of the ruling leftist Syriza party (77 percent), the far-right Golden Dawn party (80 percent) and the Communist KKE (57 percent).

Support for ‘Yes’ was strongest among voters of the center-right


continue reading





We KNoW WHaT You’Re THiNKiNG…

Courtesy of ZeroHedge. View original post here.

Submitted by williambanzai7.





Merkel Addresses German Parliament: Key Points

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

All eyes are once again trained squarely on Greece this morning after a letter surfaced which shows Greek PM Alexis Tsipras is prepared to concede to most of Brussel’s demands in order to secure a deal for Greece which is laboring under capital controls and the threat of a banking collapse after becoming the first developed country to default to the IMF. 

This morning, German Chancellor Angela Merkel addressed the German parliament. Here are the key talking points (via Bloomberg):

“The door for talks with Greece was always open and remain always open. We owe that to the people and we owe it to Europe.”

“There can be no negotiations for a new credit program before the referendum.” 

“Greek people unquestionably confronting difficult days.” Greece unilaterally ended debate on second credit program, failed to make IMF payment, Merkel says

“Greece has legitimate right to hold referendum, euro states have right to respond.”

And some more of her speech highlights from MNI:

  • GERMANY WON’T COMPROMISE AT ALL COSTS
  • DON’T NEED TO FEAR EZ ECO CATASTROPHE FROM GREEK CRISIS
  • MERKEL: EUROPE IS MUCH STRONGER THAN 5 YEARS AGO
  • REFERENDUM IS LEGITIMATE RIGHT OF GREECE. GERMANY WILL AWAIT RESULTS OF REFERENDUM
  • DOOR FOR TALK WITH GREECE OPEN

So is Germany bluffing the bluffer Tsipras, and effectively saying it won’t negotiation with the current Greek government but would rather wait until its replacement is sworn in after the referendum?

Of course, that assumes a Yes vote, which would be contrary to earlier reports that at least in early polling, the “No”s have it? Unless of course Germany does want a No vote, in which case all bets are off.





 
 
 

Zero Hedge

Global Debt Time Bomb Ticks - Puerto Rico Is Next

Courtesy of ZeroHedge. View original post here.

Submitted by GoldCore.

Global Debt Time Bomb Ticks – Puerto Rico Is Next

- Puerto Rico Governor says island cannot pay its $72 billion debt
- Puerto Rico debt 15 times per capita median debt of the 50 U.S. states
- Complicated arrangements misled bond investors to believe their funds were secure
- Share price of bond insurer exposed to Puerto Rican debt plummeting, possibly on inside information

...

more from Tyler

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...



more from Kimble C.S.

Phil's Favorites

Tsipras Allegedly Caves In On Many Creditor Demands; No Vote Leads Polls but Yes Gaining

Courtesy of Mish.

Stock futures are up this morning on news that Alexis Tsipras Backs Down on Many Greece Bailout Demands.

A reader asked me about Tsipras' cave in, but I responded it is nothing but a political ploy ahead of the July 5 referendum as to whether or not Greece should accept the creditor's take-it-or-leave-it offer.

I am not the only one who sees it that way. In spite of numerous headlines that make it appear as if this was a significant breakthrough.

  • Wolfgang Schäuble, Germany’s hardline finance minister, gave the latest Greek initiative short shrift, saying it was “no basis” for serious talks.
  • Eurozone officials involved in the talks cautioned Mr Tsipras’s remaining demands in the letter w...



more from Ilene

Market News

News You Can Use From Phil's Stock World

 

Financial Markets and  Economy

Ukraine Halts Russian Gas Purchases After Price Talks Fail (Zero Hedge)

It has been a bad day for deals and deadlines all around: first Greece is about to enter July without a bailout program and in default to the IMF with the ECB about to yank its ELA support or at least cut ELA haircuts; also the US failed to reach a nuclear deal with Iran in a can-kicking negotiation that has become so farcical there is no point in even covering it; and now moments ago a third June 30 "deal" failed to reach an acceptable conclusion when Russia and Ukraine were unable to reach an agreement on gas prices at talks in Vienna on Tuesday. As a result, Ukraine is suspending its purchase of Russian gas.

...



more from Paul

Chart School

No Update

Courtesy of Declan.

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

more from Chart School

All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

more from David

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 ...



more from OpTrader

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

...



more from Bitcoin

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 ...



more from Sabrient

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 ...



more from Pharmboy

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...



more from M.T.M.

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...

more from Promotions

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!




FeedTheBull - Top Stock market and Finance Sites



About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>