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1 In 4 Americans Want Their State To Secede From The US

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With all eyes firmly fixed on Europe's secessionist movements (most notably Scotland and Catalan), the growing tensions in America took a back seat for a moment. But, as Reuters reports, a recent poll found one-in-four Americans want their state to secede from The US with men more secessionist than women and the Southwest most aggrieved. By the evidence of the poll data as well as these anecdotal conversations, the sense of aggrievement is comprehensive, bipartisan, somewhat incoherent, but deeply felt.  

 

Europe's secessionist movements have garnered all the attention recently…

But in the US, 'aggrievement' is on the rise…

 

As Reuters adds,

Secession got more support from Republicans than Democrats, more from right- than left-leaning independents, more from younger than older people, more from lower- than higher-income brackets, more from high school than college grads. But there was a surprising amount of support in every group and region, especially the Rocky Mountain states, the Southwest and the old Confederacy, but also in places like Illinois and Kansas. And of the people who said they identified with the Tea Party, supporters of secession were actually in the majority, with 53 percent.

 

 

By the evidence of the poll data as well as these anecdotal conversations, the sense of aggrievement is comprehensive, bipartisan, somewhat incoherent, but deeply felt.

 

This should be more than disconcerting; it’s a situation that could get dangerous. As the Princeton political scientist Mark Beissinger has shown, separatist movements can take hold around contempt for incumbents and the status quo even when protesters have no ideology in common.

 

The United States hardly seems to be on the verge of fracture, and the small secession movements in a handful of American states today represent a tiny percentage of those polled by Reuters. But any country where 60 million people declare themselves to be sincerely aggrieved — especially one that is fractious by nature — is a country inviting either the sophistry of a demagogue or a serious movement for reform.

*  *  *

As Martin Armstrong warns,

"Civil unrest is coming to America sooner than you think. This will ignite old feelings of discontent across both religion and race in America."

 


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Weekly Market Summary

Courtesy of Doug Short.

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


SPX, DJIA and NDX all ended the week at new highs. For them, the trend remains higher.

What is most interesting is the small cap index, RUT. Not only did it lose 1.2% this week while the other indices gained, but it is now more than 5% off its peak. For the year, RUT is negative and SPX is up 9%.

Is this divergence between SPX and RUT bearish? It would seem it should be. When small caps underperform, it indicates weakness in breadth as investors concentrate their buying in a relatively small number of large companies.

The problem is these divergences have usually not been bearish in the past few years. The yellow highlights below are times when small caps underperformed large caps (lower panel). Each time, SPX continued higher (top panel). The main exception was in 2012 (in orange).

Moreover, there were several instances where small caps outperformed large caps right into a market peak (shown with arrows). If anything, that has been a better predictor of trouble for SPX. Why would this be? When small caps outperform, investors are chasing performance. It’s a beta chase, and this indicates exuberance. At an extreme, this exuberance is punished with a market correction. All of that said, the overall pattern in RUT is concerning. Below is a weekly chart since the early 1990s. Previously, when RUT has run up strongly and then formed a choppy horizontal pattern over many months (like now), it has been a noteworthy top. In each of these prior cases, RUT has subsequently fallen at least 15% and sometimes 30% or more. SPX is not likely to emerge unscathed if RUT falls more than 15%. As we have continually pointed out, RUT is valuable canary for the overall market, for both strength and possible weakness.

One of the issues likely plaguing RUT’s performance is valuation. RUT nearly doubled between 2012 and the start of 2014. It strongly outperformed SPX. During this time, it went from being relatively undervalued to be overvalued (more than a standard deviation above its mean). The only…
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Central Banks Biggest Concern Should Be Market Stability

Courtesy of ZeroHedge. View original post here.

Submitted by EconMatters.

By EconMatters

 

Good Year Performance Wise

 

We closed out our bond short this week and are up 42% so far this year. The reason we closed out our bond short is that we are trying to make money and control risk as much as possible in a market that frankly speaking is off its rockers! Who knows what “Fair Market Value” is for any asset? 

 

Markets are so influenced by Central Bank liquidity that wehave little confidence in what the actual ‘market prices’ are for many assets, we strategically take advantage of extreme mispricing’s relative to our models, i.e., the low hanging fruit, and get out of the market. I don`t want to hold anything these days!

 

 

 

 

 

 

 

Liquidity, Liquidity, Liquidity

 

 

As I was shorting S&P Futures late Thursday night it once again hit home how close financial markets are to some major shocks all due to ridiculous amounts of liquidity by Central Banks all over the world. The movements in the


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US F-22 Jets Intercept 6 Russian Warplanes 55 Miles Off The Alaskan Coast

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Yesterday it was the UK which scrambled a squadron of Typhoon jets when two Russian Tu-95 “Bear” Bombers had gotten too close to its shores, even if still located in international space. Then overnight, none other than the US did the same when two F-22 fighter jets intercepted six Russian military airplanes just over 50 miles away from the western coast of Alaska, military officials said Friday, among which identified as two IL-78 refueling tankers, two Mig-31 fighter jets and the same two “Bear” long-range bombers, which are known to carry tactical ICBMs with nuclear warheads among their arsenal.

According to the AP, they looped south and returned to their base in Russia after the U.S. jets were scrambled.

Lt. Col. Michael Jazdyk, a spokesman for the North American Aerospace Defense Command, or NORAD, said the U.S. jets intercepted the planes about 55 nautical miles from the Alaskan coast at about 7 p.m. Pacific time Wednesday.

Additionally, at about 1:30 a.m. Thursday, two Canadian CF-18 fighter jets intercepted two of the long-range bombers about 40 nautical miles off the Canadian coastline in the Beaufort Sea.

In both cases, the Russian planes entered the Air Defense Identification Zone, which extends about 200 miles from the coastline. They did not enter sovereign airspace of the United States or Canada.

 

Jazdyk said the fighter jets were scrambled “basically to let those aircraft know that we see them, and in case of a threat, to let them know we are there to protect our sovereign airspace.”

 

In the past five years, jets under NORAD’s command have intercepted more than 50 Russian bombers approaching North American airspace.

So just more training missions by Russia, or is the Kremlin testing out US and UK response capabilities?

And if the US scrambles jets whenever Russian jets fly over international airspace, some 200 miles away from the coastline, how should Russia feel when US, pardon NATO, military jets do combat missions some 20 miles away from the Russian border from the Baltics all the way to Ukraine? Or perhaps the answer is irrelevant, because when it comes to “feeling threatened”, only one side of the rational response story matters.





Vehicle Miles Traveled: A Structural Change in Our Behavior

Courtesy of Doug Short.

The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through July.

Travel on all roads and streets changed by 1.5% (4.0 billion vehicle miles) for July 2014 as compared with July 2013 (see report). The less volatile 12-month moving average is up 0.13% month-over-month. If we factor in population growth, the 12-month MA of the civilian population-adjusted data (age 16-and-over) is up 0.05% month-over-month and down 0.2% year-over-year.

Here is a chart that illustrates this data series from its inception in 1970. I’m plotting the “Moving 12-Month Total on ALL Roads,” as the DOT terms it. See Figure 1 in the PDF report, which charts the data from 1990. My start date is 1971 because I’m incorporating all the available data from earlier DOT spreadsheets. As we can readily see, the post-recession pattern suggests a structural change in our driving habits.

Click to View
Click for a larger image

The rolling 12-month miles traveled contracted from its all-time high for 39 months during the stagflation of the late 1970s to early 1980s, a double-dip recession era. The most recent decline has lasted for 79 months and counting — a new record, but the trough to date was in November 2011, 48 months from the all-time high.

The Population-Adjusted Reality

Total Miles Traveled, however, is one of those metrics that should be adjusted for population growth to provide the most meaningful analysis, especially if we want to understand the historical context. We can do a quick adjustment of the data using an appropriate population group as the deflator. I use the Bureau of Labor Statistics’ Civilian Noninstitutional Population Age 16 and Over (FRED series CNP16OV). The next chart incorporates that adjustment with the growth shown on the vertical axis as the percent change from 1971.

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Click for a larger image

Clearly, when we adjust for population growth, the Miles-Traveled metric takes on a much darker look. The nominal 39-month dip that began in May 1979 grows to 61 months, slightly more than five years. The trough was a 6% decline from the previous peak.

The population-adjusted all-time high dates from June…
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The Tower Of Babel Comes To Paris: The Folly Of Obama’s “War” On ISIS

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by David Stockman via Contra Corner blog,

US imperialism was once a fearsome force – mainly for ill. Under the latter heading, Washington’s savage destruction of Vietnam four decades ago comes readily to mind. But now the American Imperium has become just a gong show on the Potomac – even as its weapons have gotten more lethal and its purposes more  spurious and convoluted.

There is no more conspicuous proof than Obama’s quixotic “war” on ISIS. The quote marks are necessary, of course, because the White House insists that this is merely a counter-terrorism project that is not really a war; that the campaign to “degrade, disrupt and destroy” the Islamic State will not deploy a single American soldier—at least not one with his or her boots on; and that the heavy lifting on the ground against the barbaric ISIS hordes will be conducted by a “broad coalition” of so far nameless nations.

In truth, the whole thing is a giant, pathetic farce. There will be no coalition, no strategy, no boots, no ISIS degradation, no gain in genuine safety and security for the American homeland. This is an utterly misbegotten war against an enemy that has more urgent targets than America, but a war which will nonetheless fire-up the already boiling cauldron of Middle Eastern tribal, religious and political conflict like never before. There is no name for what Obama is attempting except utter folly.

Even before Secretary Kerry brought his medicine show to Paris, it was evident there is no coalition of the willing—or even the bought. The best that the 26 odd signatories to his communique could muster was a vague endorsement of Iraq’s boundaries and a pledge to support its still only partially formed, three-week old government “by any means necessary“………except not by a single one of the “means” that are actually available.

Let’s start with the neighboring nations which should fear ISIS far more urgently than the citizens in distant places like Lincoln NE and Spokane WA. The short answer is not a single one of them want to help, can help or will be invited to help. Obama’s putative coalition consists of the invisible (Germany), the indisposed (Turkey), the indecisive (the UK), the ineligible (Iran), the unwelcome (Saudi Arabia), the insolvent (Egypt) and the incensed (Russia), among others.

Thus, the heartland of the newly emerged Islamic State is in the upper Euphrates valley of Syria centered at Raqqah. That is, the fearsome threat against which Washington wants to mobilize…
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The Silver Paradox In One Chart

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As gold and silver prices tumble to multi-year lows, an odd thing is happening in the ‘paper’ precious metals ETF markets. Demand remains high for silver ETF exposure as ‘someone’ is aggressively unwinding gold ETF positions.. and yet the prices for both are falling rapidly. It appears the retail investor is taking advantage of the lower prices in silver to accumulate additional exposure as Credit Suisse notes, “the perception is that silver will do well, and should outperform gold as the economic recovery strengthens,” adding that “belief in silver’s dual properties, as a financial asset and also as an industrial metal, appears to remain strong.”

  • *SPDR GOLD HOLDINGS TUMBLE 1% TO 776.44 TONS, LOWEST SINCE 2008

ETF demand remains high for silver… as gold ETF demand tumbles…

 

And yet Silver prices are languishing just as much as gold prices…

  • *SILVER FUTURES FALL TO $18.125/OZ, LOWEST SINCE AUG. 2010

Short-term…

 

And longer-term…

Charts: Bloomberg

Bloomberg suggests,

Buyers of silver are less swayed by price movements, because unlike gold, the metal is a “buy and hold and forget about it kind of investment,” said Kendall, the third-most accurate precious-metals forecaster tracked by Bloomberg in the eight quarters ended June 30.  

 

“It’s not so actively managed by the retail crowd. It’s tucked away as a retirement store of value or hedge against disaster.”

*  *  *

As GoldCore noted earlier,

At the Denver Gold Summit, yesterday, Keith Neumeyer, president and CEO of First Majestic Silver Corp pointed out that after all the talk by the London Bullion Market Association (LBMA) of greater  transparency for  the new LBMA Silver Price and wider market participation in the auction, nothing much has changed:

 

“Any time you have a small group of people fixing a price, it’s prone to manipulation,” he said. “There’s no change from how it was done before to the way it’s done now – it’s just a different group of players and now they do it on a computer.”

 

To that we would add that the “group of players” is still not all that different since only one player has changed. The old Silver Fixing process had three


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Jackie DeAngelis Blows

Courtesy of ZeroHedge. View original post here.

Submitted by Tim Knight from Slope of Hope.

I was originally going to title this post “Jackie DeAngelis Must Die”, but I thought she might take it the wrong way.

Anyway, earlier this week, Ms. DeAngelis ”interviewed” famed short-seller Bill Fleckenstein on (gack, choke) CNBC, every permabull’s favorite network. Right out of the gate, she attacked him:

0919-bitch

 

You can watch the interview at the bottom of this page if you want, but I can save you the time by simply stating Mr. Fleckenstein was ambushed by a trio of CNBC permabulls, deriding him for missing out on the past five years of market rally.

I think it’s repulsive for a network to take a guest’s time and use it to berate him (why Bob 0919-cuntPrechter shows up on CNBC baffles me, since they just laugh at him). DeAngelis’ entire demeanor toward the Fleck was condescending, smug, arrogant, and mean-spirited. I can easily picture her at cheerleader practice, chastising a girl for being cut from the squad for gaining a few pounds. “I guess that cheeseburger mattered more to you than the Spirit Squad, huh, Becky?”

Ya know, if we had been in a government-rigged bear market for the past five years, CNBC wouldn’t even exist anymore. Bear markets tend to be over all too quickly, but I distinctly remember at the depths of the 2008/2009 bear market that Jim Cramer distinctly said without any qualification that he would tell anyone he cared about to stay out of equities for – – and I’m not making this up – – “the next five years.”

I’m weary of the female business “journalists” being hired for their pretty faces and bra sizes. I’d much rather have a woman that looked like Marlon Brando ask insightful, probing, and thought-provoking questions. They don’t have to pander to their guests, but surely there are ways one can draw meaningful ideas from smart people besides bullying them.

Oh, and if there’s one thing I wish I could have shorted, it’s CNBC viewership. Even with this phony bull market, CNBC is in a free-fall. Once the next bear market begins, I imagine CNBC will simply close up shop completely. Then any questions of the existence of a munificent God can finally be settled.

 





45 Facts That Show How Far America Has Fallen In This Generation

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Michael Snyder of The American Dream blog,

What has happened to America?  Please show these numbers to anyone that does not believe that the United States is in decline.  It is time for all of us to humble ourselves and face the reality of what has happened to our once great nation.  For those of us that love America, it is heartbreaking to watch the foundations of our society rot and decay in thousands of different ways.  The following are 45 facts that show how far America has fallen in this generation, but the truth is that this list could have been far, far longer…

#1 According to a survey that was just conducted, only 36 percent of all Americans can name the three branches of government.

#2 Only 25 percent of all Americans know how long U.S. Senators are elected for (6 years), and only 20 percent of all Americans know how many U.S. senators there are.

#3 Even if you include same-sex couples in the numbers, the marriage rate in the United States is at a 93 year low.

#4 For the first time ever, single Americans make up more than half the U.S. population.

#5 31.1 percent of American young adults in the 18 to 34-year-old age bracket are currently living with their parents.

#6 One out of every ten teen girls in America engages in “self-harm”.  Cutting and burning are the most common forms that this “self-harm” takes.

#7 One survey found that 85 percent of all young men in America and almost half of all young women in America watch porn at least once a month.

#8 A different survey discovered that 64 percent of American men of all ages view pornography at least once per month.

#9 The Internet can be used for great good, but it can also be used for great evil.  It is being reported that 83 percent of U.S. boys and 57 percent of U.S. girls have…
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Congress Brings ‘Atlas Shrugged’ To America With This New Bill

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Simon Black via Sovereign Man blog,

It was known as Directive 10-289, and it was the government’s last-ditch, desperate effort to control the collapsing economy.

The President, along with some of his senior advisors at the Bureau of Economic Planning and National Resources, all widely agreed that the only way out of the crisis was expand government power.

The directive was passed quickly, and among its key provisions:

“Point One. All workers, wage earners and employees of any kind whatsoever shall henceforth be attached to their jobs and shall not leave nor be dismissed nor change employment. . ."

 

“Point Two. All industrial, commercial, manufacturing and business establishments of any nature whatsoever shall henceforth remain in operation, and the owners of such establishments shall not quit nor leave nor retire, nor close, sell or transfer their business. . .”

If you’re searching through your favorite news feed right now wondering why you haven’t heard of Directive 10-289, it’s because the law is fictitious. It’s part of the story from Ayn Rand’s Atlas Shrugged.

At that part in the book, the economy was in a full blown crisis.

The government had engineered one emergency after another, and their only idea to ‘fix’ things was to award themsleves even more power and control over the economy… specifically to freeze everything in place.

No one could be fired or quit his/her job. And no business could stop working. It didn’t matter how much money they were losing.

Crazy idea, right? This could never happen in reality… at least not in the West. It sounds like something straight out of the Soviet Union– forcing unprofitable companies to stay in business.

*  *  *

Enter H.R. 5445, the “Postal Jobs Protection Act of 2014″.

I was utterly stunned when I read this. The meat of the bill consists of just 26 words:

“Notwithstanding any other provision of law, no mail processing facility operating as of September 1, 2014, may be closed or consolidated prior to December 31, 2015.”

Let that sink in a minute: they want to pass a law to ensure that NO US postal center can be shut down through the end of next year.

For the sake
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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!

 
 

Zero Hedge

1 In 4 Americans Want Their State To Secede From The US

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With all eyes firmly fixed on Europe's secessionist movements (most notably Scotland and Catalan), the growing tensions in America took a back seat for a moment. But, as Reuters reports, a recent poll found one-in-four Americans want their state to secede from The US with men more secessionist than women and the Southwest most aggrieved. By the evidence of the poll data as well as these anecdotal conversations, the sense of aggrievement is comprehensive, bipartisan, somewhat incoherent, but deeply felt.  

 

Europe's secessionist mo...



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Chart School

Weekly Market Summary

Courtesy of Doug Short.

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

SPX, DJIA and NDX all ended the week at new highs. For them, the trend remains higher.

What is most interesting is the small cap index, RUT. Not only did it lose 1.2% this week while the other indices gained, but it is now more than 5% off its peak. For the year, RUT is negative and SPX is up 9%.

Is this divergence between SPX and RUT bearish? It would seem it should be. When small caps underperform, it indicates weakness in breadth as investors concentrate their buying in a relatively small number of large companies.

The problem is these divergences have usually not been bearish in the past few years. The yellow highlights below are times when small caps underperformed large caps (lower panel). Ea...



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Phil's Favorites

Idiotic Proposals for Fed to Give Away Money

Courtesy of Mish.

A Fiscal Times, Yahoo Finance article by by John Grgurich claims that Instead of QE, Fed Could Have Given $56,000 to Every Household in America .

Grgurich formulated his article after reading "an intriguing piece just published in Foreign Affairs, Brown University political economist Mark Blyth and London-based hedge fund manager Eric Lonergan argue the Fed could have done better by pursuing a far different type of grand policy experiment."

The "intriguing piece" is Print Less but Transfer More, Why Central Banks Should Give Money Directly to the People.

Sheer Idiocy

  • Fir...



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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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Option Review

IV Implodes On 4-hour YHOO Options As BABA Commences Trading

Investors are dumping shares in Yahoo, sending the stock down 5.0% to $40.08 after shares in Alibaba made their debut on the floor of the NYSE just before midday. Shares in BABA for their part initially traded up to a high of $99.70, a near 47% increase over the IPO price of $68.00. Typically, one would expect put options that are 5% out of the money with roughly 4-hours left to trade to see waning implied volatility. But, at the start of the trading session and ahead of the first trade for BABA, the Sep 19 ’14 40.0 strike put options were trading with 271% volatility or $0.30 per contract amid uncertainty as to how the start of trading for Alibaba would take shape.

...

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Market Shadows

Selling PVD

Selling PVD

Administradora de Fondos de Pensiones Provida S.A. (PVD) shares will not be trading on the NY Stock Exchange after today. Tomorrow, shares will be harder to sell. Strangely, I wasn't able to find information on the internet, but Paul just sent me a copy of the email he received from Interactive Brokers.

We're selling PVD out of the Virtual Portfolio today at $87.18. 

More details:

From: Interactive Brokers   dated July 18, 2014

Holders of AFP Provida S.A. American Depository Receipts (ADR) are advised that the Company has elected to terminate the Deposit Agreement effective 2014-09-18.

As of the te...



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Promotions

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

Traders and Investors,

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

In fact, it has an 82% win rate…

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

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

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

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


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Sabrient

Sector Detector: Bulls go down swinging, refusing to give up much ground

Courtesy of Sabrient Systems and Gradient Analytics

Although the stock market displayed weakness last week as I suggested it would, bulls aren’t going down easily. In fact, they’re going down swinging, absorbing most of the blows delivered by hesitant bears. Despite holding up admirably when weakness was both expected and warranted, and although I still see higher highs ahead, I am still not convinced that we have seen the ultimate lows for this pullback. A number of signs point to more weakness ahead.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-r...



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OpTrader

Swing trading portfolio - week of September 15th, 2014

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

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly. Enjoy!

[Sign in with your PSW user name and password, or take a free trial here.]

Image courtesy of Business Insider, Jay Yarow's This Is The Best Description Of How Apple's Business Works Right Now.

 

...

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Digital Currencies

Making Sense of Bitcoin

Making Sense of Bitcoin

By James Black at International Man

Despite the various opinions on Bitcoin, there is no question as to its ultimate value: its ability to bypass government restrictions, including economic embargoes and capital controls, to transmit quasi-anonymous money to anyone anywhere.

Opinions differ as to what constitutes "money."

The English word "money" derives from the Latin word "moneta," which means to "mint." Historically, "money" was minted in the form of precious metals, most notably gold and silver. Minted metal was considered "money" because it possessed luster, was scarce, and had perceive...



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Pharmboy

Biotechs & Bubbles

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

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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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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