Archive for the ‘Immediately available to public’ Category

Rand Tumbles For Second Day After Zuma Says He’ll Fire Gordhan

Courtesy of ZeroHedge. View original post here.

One day after the South African rand tumbled on the suprising report that president Zuma had ordered his finance minister Pravin Gordhan to cancel roadshow meetings with investors in the UK and US and return home on Monday, overnight the rand plunged for the second day in a row, after the 74 year old president told senior leaders of the South African Communist Party that he plans to fire Finance Minister Pravin Gordhan.

The rand weakened as much as 2.9% and was at 12.8757 to the dollar after sliding as much as 3.2% a day earlier.  The government’s rand-denominated bonds due 2026 fell, driving the yield 42 basis points higher to 8.78% over the two days (hint for all you yield chasers).

According to Bloomberg, citing people present, Zuma told officials from the party, which is allied to his ruling African National Congress, during a meeting on Monday in Johannesburg. He didn’t say when he planned to fire Gordhan.

Zuma said during the meeting with the communists he had taken the decision to remove the finance minister because he’s the president with responsibility for leading the government and Gordhan is blocking him, according to the people. “There is a power struggle between the politics of patronage and politics of constitutionalism,” Colin Coleman, a partner and head of Goldman Sachs Group in South Africa, said Tuesday in an interview on Bloomberg Television. “We may certainly see a very strong battle emerge in the days and in the months ahead.

On one hand, the report notes that on Monday a meeting of the top six leaders of the ANC was held after the SACP gathering and there was no indication that they agreed with the decision to fire Gordhan. Zizi Kodwa, a spokesman for the ANC, said the people were misinformed. However, speculation that Gordhan, 67, is on the verge of being fired has swirled for months, as he clashed with Zuma over the management of state companies and the national tax agency. “While Gordhan has led efforts to keep spending in check and fend off a junk credit rating, Zuma wants to embark on “radical economic transformation” that he says will tackle racial inequality and widespread poverty.”

Gordhan said that while in London, he and his delegation


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“They ‘Buy The Dip’ Yet Again”: Global Stocks, US Futures Rebound; Dollar Rises Off 4 Month Lows

Courtesy of ZeroHedge. View original post here.

European, Asian stocks have rebounded as investor anxiety over Trump economic policy and US tax reform eased following yesterday’s remarkable comeback in the US market. S&P futures point to a slightly higher open, with oil higher and the dollar rebounding off fout month lows. It is a relatively quiet day in the US with the economic calendar focusing on wholesale inventories, consumer confidence and the Case-Shiller index.

European and Asian equities rose and S&P 500 futures edged higher as investor bullishness returned after the failure of U.S. President Donald Trump’s health-care bill.  Hopes that the Trump administration will now prioritize tax reforms coupled with still-robust economic data and corporate earnings forecasts spurred some investors to look past creeping doubts about Trump’s ability to deliver on campaign promises.

According to Bloomberg, the resumption of demand for risk assets signals investors are still pinning hopes on Trump’s ability to push through tax cuts and regulatory changes, pledges that helped trigger a reflationary upswing in global markets after his election. “Bond and FX market participants’ reaction to the failure of the health-care bill has been to re-price Treasuries and the dollar under the assumption that President Trump has lost a little of his shine,” Kit Juckes, a London-based global strategist at Societe Generale SA, wrote in a note.

Equity market participants have taken a look at the lower yields and weaker dollar and decided that since absurdly low rates are the elixir that the equity bull market lives on, they might as ‘buy the dip’ yet again.”

Europe’s Stoxx 600 rose 0.4% helped by financials and pharmaceutical stocks. Futures on the S&P 500 rose 0.1 percent. The underlying gauge dropped 0.1 percent Monday, paring a loss of as much as 0.9 percent.

In FX, the dollar index against a basket of major currencies edged up 0.1 percent to 99.252, after plumbing a trough of 98.858 overnight, its lowest level since Nov. 11. “Risky asset markets have rebounded from yesterday’s opening low, supporting our view of the current market setback as a risk pause and not a turning point towards generally lower risk valuations,” analysts at Morgan Stanley said in a note to clients. Morgan Stanley said that given some of the savings that were to come from replacing Obamacare would be lost, the upcoming


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Heller House Up 9.4% Net, Likes Italian Trusts

By Rupert Hargreaves. Originally published at ValueWalk.


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Trump Asks Why Intelligence Committee Isn’t Probing The Clintons

Courtesy of ZeroHedge. View original post here.

Following a day of drama involving the Chair of the House Intelligence Committee, Devin Nunes, who has been under constant onslaught by Democrats ever since his disclosure last week that Trump had indeed been the object of surveillance, and whose Democrat peer at the Intel panel, Adam Schiff, on Monday night called for Nunes to recuse himself, moments ago Trump waded into the news cycle when he asked on Twitter why the House Intelligence Committee is not investigating the Clintons for various ties of their own to Russia. He then slammed the ongoing anti-Russian witch hunt, saying “the Russia story is a hoax.”

“Why isn’t the House Intelligence Committee looking into the Bill & Hillary deal that allowed big Uranium to go to Russia, Russian speech, money to Bill, the Hillary Russian ‘reset,’ praise of Russia by Hillary, or Podesta Russian Company. Trump Russia story is a hoax. #MAGA!” Trump wrote in two tweets Monday night.

Why isn’t the House Intelligence Committee looking into the Bill & Hillary deal that allowed big Uranium to go to Russia, Russian speech….

— Donald J. Trump (@realDonaldTrump) March 28, 2017

…money to Bill, the Hillary Russian “reset,” praise of Russia by Hillary, or Podesta Russian Company. Trump Russia story is a hoax. #MAGA!

— Donald J. Trump (@realDonaldTrump) March 28, 2017

Trump’s rhetorical questions come amid a news cycle which as discussed on various occasions today has focused on the Republican chair of the Intel Committee, Nunes, who is under fire for briefing Trump about classified material he reviewed last week without sharing the information with committee Democrats. On Monday it was revealed that Nunes had secretly visited the White House grounds one day before announcing incidental surveillance of President Trump’s transition team. His visit raised questions about whether the White House could have been was the source of the intelligence Nunes reviewed.

Democratic lawmakers have now called on Nunes to recuse himself from the committee’s probe into Russia’s interference in the United States presidential election. Nunes on Monday evening said the chairman would not step aside from the investigation.

The republican lawmaker has claimed that his findings had no relevance to the Russia probe, even as the committee examines the unmasking


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Leaving The EU’s Customs Union Is The Only Logical Step For A Truly “Global Britain”

Courtesy of ZeroHedge. View original post here.

Authored by Vincenzo Scarpetta via Open Europe,

As UK Prime Minister Theresa May prepares to trigger the Article 50 EU exit mechanism on Wednesday, Open Europe has published a new report, entitled, ‘Nothing to declare: A plan for UK-EU trade outside the Customs Union.’

The study concludes that leaving the EU’s Customs Union is the only logical step for the UK to pursue an independent trade policy and achieve a truly ‘Global Britain’ outside the EU. Open Europe assesses different models of collaboration outside a customs union, and argues that the UK and the EU should aim for full cooperation on the practicalities and administration of customs as part of a comprehensive UK-EU free trade deal.

A dozen key points on customs

  • The UK should leave the EU’s Customs Union (EUCU). The UK Government has stated its intention to leave key parts of EUCU (the Common External Tariff and the Common Commercial Policy). Open Europe’s assessment is that leaving these and EUCU overall is correct. Brexit means the UK must be able to shape its own trade policy. It can only do so outside of EUCU.
  • The UK should not seek a ‘half-in, half-out’ arrangement, which would be the worst of all worlds. The UK should leave EUCU entirely to maximise opportunities. Prime Minister Theresa May has suggested that she is open to being an “associate member” of EUCU or remaining a signatory to elements of it. Open Europe believes that, while it is sensible to keep an open mind, no ‘half-in’ option is better than being fully out. Nonetheless, the UK should consider retaining membership of some relevant conventions.
  • It is in both the UK’s and EU’s interest quickly to secure full cooperation on the practicalities and administration of customs as part of a comprehensive Free Trade Agreement (FTA). Such an agreement could be a chapter in a UK-EU FTA or an accompanying, discrete customs facilitation agreement. The EU already has agreements on customs facilitation with non-members, including Switzerland and Canada. A comprehensive UK-EU FTA will ensure the continuation of tariff-free UK-EU trade and minimise customs delays.
  • There will inevitably be a degree of cost to the UK economy associated with leaving EUCU.Some costs will be one-off adaptation costs (e.g. technology investment which may have benefited


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Meet SAM, Brick Laying Robot That Does The Work Of 6 Humans

Courtesy of ZeroHedge. View original post here.

In the latest installment of our “Dear Bernie” series, posts intended to inform the Vermont Senator about the unintended, negative consequences of minimum wage hikes, we present SAM (Semi-Automated Mason), a brick laying robot designed and engineered by Construction Robotics out of New York.  While SAM can do the work of 6 unionized masons each day, he never requires a break, benefits or a paycheck.

Here’s a look at SAM in action:

Each SAM can be rented at a monthly cost of ~$3,300 according to The SunWith an average efficiency of 3,000 bricks per day, that breaks down to about 4.5 cents per brick.  Meanwhile, using using Bernie’s preferred $15 per hour minimum wage rate, plus benefits, and a daily efficiency of about 500 bricks brings the human labor cost equivalent to roughly 32 cents per brick, or a little over 7x.

Of course, SAM can’t completely eliminate the need for masons on work sites just yet, as human assistance is still needed to load bricks and mortar into the system and to clean up excess mortar from joints after bricks have been laid.  That said, Construction Robotics estimates that overall labor costs for bricklaying projects can be reduced by at least 50%.

SAM

SAM

And while Bernie is unlikely to rent a SAM to construct his next $575,000 lake house, we hear that someone may be taking bids for an impenetrable, yet “aesthetically pleasing”, 30-foot border wall that will span nearly 2,000 miles. 





This Map Explains The Roots Of France’s Growing Nationalism

Courtesy of ZeroHedge. View original post here.

Via MauldinEconomics.com,

What does it mean to be French? Inherent in this question is a fundamental tension within French nationalism that is unique to France.

Originally, France consisted of diverse regions with their own languages, resources, and way of life. Take a look at the map below.

This diversity grew into a united country. From this, we can understand how one aspect of French nationalism is that it views itself as a universal program.

This nationalism holds that French ideas about “liberté, égalité, and fraternité” are as equally important as speaking French and living on French soil.

In this sense, anyone who adopts these principles can be French. And anyone who becomes a French citizen is heir to these principles.

Nationalism and Immigration

French nationalism was based on the idea that the nation was of paramount importance. It was defined by class and a set of ideas about how society ought to be structured.

All of the various factions in the French Revolution believed they were unifying the nation. But each faction had to exclude certain groups from the nation in order to define the whole.

This has morphed far beyond the original exclusion of the aristocracy. It has been used to exclude immigrants to France. The question of immigrant and Muslim assimilation as full members of the French state is at the forefront of debate leading up to presidential elections in April.

France is currently at the beginning of an inward turn that indicates a moment of crisis. The next French President will enter office with a country whose strategic position is weak, its economy stagnant, and its society divided.

*  *  *

The World Explained in Maps reveals the panorama of geopolitical landscapes influencing today’s governments and global financial systems. Don’t miss this chance to prepare for the year ahead with the straight facts about every major country’s and region’s current geopolitical climate. You won’t find political rhetoric or media hype here. The World Explained in Maps is an essential guide for every investor as 2017 takes shape. Get your copy now—free!





The Countries Where “Made In America” Really Matters

Courtesy of ZeroHedge. View original post here.

With President Trump’s America First agenda, we thought it would be useful to understand which other nations value America highly.

As Statista’s Martin Armstrong details, the Made-In-Country-Index (MICI) 2017 has shed light on the reputation of products produced in 49 countries (plus the EU) worldwide. In the overall ranking, the U.S. placed in a ‘could do better’ joint 8th with France and Japan.

The infographic below takes a look at the countries in which ‘Made in USA’ is determined to have the best reputation of all of the surveyed labels.

Infographic: Where 'Made in USA' Has the Best Reputation | Statista

You will find more statistics at Statista

In total there are eight countries full of respect for U.S. made goods, including Brazil, Argentina, India, and of course the United States itself. For perspective, the top rated label is ‘Made in Germany’ which finds itself the most popular in thirteen countries.





AG Sessions Makes Surprise Sanctuary City Announcement; Vows To Withhold Funding

Courtesy of ZeroHedge. View original post here.

Moments ago Attorney General Jeff Sessions made a surprise appearance at Sean Spicer’s daily White House press briefing to announce that his DOJ will be taking steps to not only require that so-called “sanctuary cities” enforce federal immigration laws but would also be seeking to claw back past DOJ awards granted to those cities if they refuse to certify compliance.

“Today, I’m urging states and local jurisdictions to comply with these federal laws.  Moreover, the Department of Justice will require that jurisdictions seeking or applying for DOJ grants to certify compliance with 1373 as a condition for receiving those awards.”

“This policy is entirely consistent with the DOJ’s Office of Justice Programs guidance that was issued just last summer under the previous administration.”

“This guidance requires jurisdictions to comply and certify compliance with Section 1373 in order to be eligible for OJP grants.  It also made clear that failure to remedy violations could result in withholding grants, termination of grants and disbarment or ineligibility for future grants.”

“The DOJ will also take all lawful steps to claw back any fines awarded to a jurisdiction that willfully violates Section 1373.”

Sessions also called on states like Maryland and California to scrap their plans for becoming a sanctuary state.

“That would be such a mistake.” 

“I would plead with the people of Maryland to understand this makes the state of Maryland more at risk for violence and crime, that it’s not good policy.”

Sessions’ full comments can be viewed below:

Attorney General Sessions says sanctuary cities ‘cannot continue’ https://t.co/YiS9doT3IE pic.twitter.com/nGmICgmiA6

— FOX Business (@FoxBusiness) March 27, 2017

* * *

Update:

It didn’t take long for New York’s Attorney General to

release a statement vowing that he will continue to violate federal

laws.

  • NY A.G. ‘WON’T STOP FIGHTING’ TRUMP’S IMMIGRATION POLICIES
  • NY AG: STATE, LOCAL GOVTS HAVE BROAD AUTHORITY TO NOT TAKE PART

* * *

For those who missed it, here is an excerpt from our previous post detailing which sanctuary cities receive the most federal funding.

Our organization, American Transparency (website: OpenTheBooks.com) was able to identify that number. We found nearly $27 billion ($26.74 billion


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Russia Conspiracy Theorists May Want To Take A Look At John Podesta

Courtesy of ZeroHedge. View original post here.

Authored by Mike Krieger via Liberty Blitzkrieg blog,

Dot connectors, Twitter diagram creators and newly minted Russia-conspiracy sleuths from sea to shining sea take note.

Since anything connected to Russia is now considered treasonous, I’ve got a great story for you to sniff out.

It relates to John Podesta, but somehow I doubt you’ll be interested in this one…

The Daily Caller reports:

John Podesta, former Secretary of State Hillary Clinton’s 2016 national campaign chairman, may have violated federal law by failing to disclose the receipt of 75,000 shares of stock from a Kremlin-financed company when he joined the Obama White House in 2014, according to the Daily Caller News Foundation’s Investigative Group.

Joule Unlimited Technologies — financed in part by a Russian firm —  originally awarded Podesta 100,000 shares of stock options when in 2010 he joined that board along with its Dutch-based entities: Joule Global Holdings, BV and the Stichting Joule Global Foundation.

When Podesta announced his departure from the Joule board in January 2014 to become President Obama’s special counsellor, the company officially issued him 75,000 common shares of stock.

The Schedule B section of the federal government’s form 278 which — requires financial disclosures for government officials — required Podesta to “report any purchase, sale or exchange by you, your spouse, or dependent children…of any property, stocks, bonds, commodity futures and other securities when the amount of the transaction exceeded $1,000.”

The same year Podesta joined Joule, the company agreed to accept 1-Billion-Rubles — or $35 million — from Rusnano, a state-run and financed Russian company with close ties to President Vladimir Putin.

Anatoly Chubais, the company CEO and two other top Russian banking executives worked together with Podesta on the Joule boards. The board met six times a year.

Ron Hosko, a former FBI assistant director said because of the Kremlin backing, it was essential Podesta disclose the financial benefits he received from the company.

“I think in this case where you’re talking about foreign interests and foreign involvement, the collateral interest with these disclosure forms is put in the forefront of full disclosure of any foreign interest that you may have,” he told TheDCNF in an interview.

The existence of the 75,000 shares of Joule stock was first revealed by the Government Accountability Institute 


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Zero Hedge

Rand Tumbles For Second Day After Zuma Says He'll Fire Gordhan

Courtesy of ZeroHedge. View original post here.

One day after the South African rand tumbled on the suprising report that president Zuma had ordered his finance minister Pravin Gordhan to cancel roadshow meetings with investors in the UK and US and return home on Monday, overnight the rand plunged for the second day in a row, after the 74 year old president told senior leaders of the South African Communist Party that he plans to fire Finance Minister Pravin Gordhan.

The rand weakened as much as 2.9% and was at 12.8757 to the dollar after sliding as much as 3.2% a day earlier.  The government’s rand-denominated bonds due 2026 fell, dri...



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ValueWalk

Heller House Up 9.4% Net, Likes Italian Trusts

By Rupert Hargreaves. Originally published at ValueWalk.


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Phil's Favorites

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Oil Producers Consider Output Cut Extension as Support Grows (Bloomberg)

Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles.

Oil Speculators Can't Dump Rally Bets Fast Enough Amid Glut (Bloomberg)

The bullish sentiment following OPEC’s deal is almost all gone.

...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Oil Producers Consider Output Cut Extension as Support Grows (Bloomberg)

Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles.

Oil Speculators Can't Dump Rally Bets Fast Enough Amid Glut (Bloomberg)

The bullish sentiment following OPEC’s deal is almost all gone.

...



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Chart School

Mixed bag of tricks; but good chance of market swing lows

Courtesy of Declan.

The damage was done premarket and value buyers were quick to take advantage. The index which benefited the most was the Nasdaq. It started today just above the 50-day MA and rallied off that. Volume wasn't great and the technical picture didn't really improve, but action like today's can prove to be a good starting point for a swing low.


Despite the gain in the Nasdaq, Breadth metrics are weakening but are neither overbought nor oversold.  The next strong swing low will likely take a tag of the light green ...

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OpTrader

Swing trading portfolio - week of March 27th, 2017

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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Kimble Charting Solutions

Stocks and Bonds; Critical change of direction in play?

Courtesy of Chris Kimble.

Since the summer of 2016, stocks have done very well and bonds have been thumped, as rates have risen sharply. Is it time for these trends to take a break? Below compares the performance of the S&P 500, with the popular bond ETF TLT over the past 9-months.

CLICK ON CHART TO ENLARGE

The performance spread between stocks and bonds over the past 9-months is a big one! Rare to see the spread between the two...



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Members' Corner

More Natterings

Courtesy of The Nattering Naybob

[Click on the titles for the full articles.]

A Quick $20 Trick?

Summary

Discussion, critique and analysis of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:

  • Last time out, Sinbad The Sailor, QuickLogic.
  • GlobalFoundries, Jha, Smartron and cricket.
  • Quick money, fungible, demographics, QUIK focus.

Last Time Out

Monetary policy is just one form of policy that effects capital,...



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Digital Currencies

Bitcoin Tumbles Below Gold As China Tightens Regulations

Courtesy of Zero Hedge

Having rebounded rapidly from the ETF-decision disappointment, Bitcoin suffered another major setback overnight as Chinese regulators are circulating new guidelines that, if enacted, would require exchanges to verify the identity of clients and adhere to banking regulations.

A New York startup called Chainalysis estimated that roughly $2 billion of bitcoin moved out of China in 2016.

As The Wall Street Journal reports, the move to regulate bitcoin exchanges brings assurance that Chinese authorities will tolerate some level of trading, after months of uncertainty. A draft of the guidelines also indicates th...



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Mapping The Market

Congress begins rolling back Obama's broadband privacy rules

Courtesy of Jean Luc

I am trying to remember who on this board said that people wanted to Trump because they want their freedom back. Well….

Congress begins rolling back Obama's broadband privacy rules

By Daniel Cooper, Endgadget

ISPs will soon be able to sell your most private data without your consent.

As expected, Republicans in Congress have begun the process of rolling back the FCC's broadband privacy rules which prevent excessive surveillance. Arizona Republican Jeff Flake introduced a resolution to scrub the rules, using Congress' powers to invalidate recently-approved federal regulations. Reuters reports that the move has broad support, with 34 other names throwing their weight behind the res...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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Biotech

The Medicines Company: Insider Buying

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

I'm seeing huge insider buying in the biotech company The Medicines Company (MDCO). The price has already moved up around 7%, but these buys are significant, in the millions of dollars range. ~ Ilene

 

 

 

Insider transaction table and buying vs. selling graphic above from insidercow.com.

Chart below from Yahoo.com

...

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All About Trends

Mid-Day Update

Reminder: Harlan 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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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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