Archive for the ‘Immediately available to public’ Category

Frontrunning: May 5

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

  • Europe shares, oil snap four-day losing streaks (Reuters)
  • Oil rallies as Canada fire and Libya violence threaten supply (Reuters)
  • How Trump Won—and How the GOP Let Him (WSJ)
  • Hedge Fudge Managers Lose Their Swagger (BBG)
  • Turkey Premier Said to Give Up as Erdogan Tightens Grip (BBG)
  • Health Insurers Struggle to Offset New Costs (WSJ)
  • Judge says Clinton may have to testify in email lawsuit (Reuters)
  • Trump’s deportation plan could slice 2 percent off U.S. GDP (Reuters)
  • A Cartel and a Briefcase: How Drug Cash Moves on a River of Gold (BBG)
  • Big-Spending Fracking Family Behind Cruz Won’t Back Trump (BBG)
  • China’s Great Commodity Bubble Loses Air Before It Can Burst (BBG)
  • Abortion provider Planned Parenthood sues Kansas over plan to cut funding (Reuters)
  • Look Out, Loonie, Canada May Have Just Peaked (BBG)
  • Bass Says Investors Would Avoid China If They Knew Bank Risk (BBG)
  • Tribune Publishing Rejects Gannett Bid (WSJ)
  • Truce takes hold in Aleppo but fighting goes on elsewhere in Syria (Reuters)
  • The Unloved Business That’s Saved Big Oil From Low Energy Prices (BBG)

Overnight Media Digest

WSJ

- The U.S. Justice Department warned North Carolina officials that it considers the state’s new bathroom law a violation of the Civil Rights Act. (http://on.wsj.com/1To3Taf)

- Tesla Motors plans to ramp up annual production to a half-million vehicles, two years earlier than planned, but will do so without its two top manufacturing executives. (http://on.wsj.com/1To3wfG)

- Tribune Publishing Co’s board of directors rejected an unsolicited acquisition offer from Gannett Co , calling the bid “opportunistic”. (http://on.wsj.com/1To3vIO)

- Former Republican senator, 82-year-old Bob Bennett of Utah, one of the first incumbents ousted in a national wave of anti-incumbent sentiment in 2010, has died, his assistant said. (http://on.wsj.com/1To3p3V)

FT

* Trinity Mirror is set to shut down its new national newspaper called The New Day, just two months after launching it as it seeks to cut its losses.

* Liberty Global, which also owns Virgin Media, is evaluating a potential contribution of up to 500,000 pounds ($724,550) to a campaign…
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“Global LIBOR Scapegoat” Turns To Public Crowdfunding To Fund Appeal

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While UBS agreed to pay $1.5 billion to quickly settle charges that the bank manipulated LIBOR, trader Tom “Libor is too high, ‘cos I’ve kept it artificially high” Hayes wasn’t so lucky however. Alas, Hayes’ pockets weren’t that deep and he was the scapegoat UBS chose to offer up to the masses in the wake of the scandal, eventually being found guilty and sentenced to 14 years in jail (later reduced to 11 years).

Hayes, who was the first individual convicted at trial for manipulating what until recently was the world’s most important rate, is now looking to the generosity of the public to help fund his appeal. As Bloomberg reports, the 36 year-old has opened a Fundrazr page in hopes of raising £150,000 enough money to pay for an appeal through with the Criminal Cases Review Commission, an independent organization set up to investigate suspected miscarriages of justice in U.K. courts. According to his lawyer Karen Todner, “Tom’s family are now in possession of fresh evidence, some of which Tom requested in his trial but which UBS and the prosecution did not supply. We believe Tom has a strong case, which our submission to the CCRC will demonstrate.”

Given the fact that evidence was presented showing UBS actually had a “guide to publishing Libor rates” during his trial and he was still convicted, we suspect that nothing will be able to help the former trader at this point. The fund has raised £3,635, although we’re going to go out on a limb and say the trader who cost people and firms a lot of money with his rigging activities, won’t win much of sympathy in the court of public opinion, although there is a possibility some of his former superiors who got away scott-free thanks to his incarceration may feel generous and decide to “tip” him. Anonymously of course.





Futures Rebound As Crude Regains $45 On Canada Fears; Turkey Hammered

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

While markets remain relatively subdued ahead of tomorrow’s nonfarm payrolls report, after several days of losses in US stocks, which have taken “sell in May” to heart and pushed the S&P500 to three week lows, overnight markets ignored the latest weak data out of China where the Caixin Services PMI was the latest indicator to disappoint (dropping from 52.2 to 51.8), and instead focused on crude, which rebounded from yesterday’s post inventory-build lows and briefly printed above $45/bbl over uncertainty related to the impact of Canada wildfires on production and how long will last. The bounce in WTI has meant Brent briefly traded at parity with West Texas for the first time in 6 weeks. 

It “would appear to be related to outages in production related to the wildfires in Canada – uncertainty of the extent of the outages and how long they will persist,” says BNP Paribas energy strategist Gareth Lewis-Davies.

“Move today has to be seen in the context of the last 5 days and we have only recovered half the losses we have seen in that period.”

Emboldened by the rise in oil, European stocks rose for the first time in a week as commodity, energy producers lead the rebound from the biggest four-day drop since February, while S&P500 futures rose 0.3%, and was back over 2,050.

As we noted yesterday, Turkish equities and bonds continued to fall amid a political showdown between the president and prime minister.  Turkey’s 10-year bond yields climbed to a one-month high, while the Borsa Istanbul 100 Index dropped 1.6 percent, declining for a fifth day. The clash between Davutoglu and Erdogan threatens to usher in an era of political uncertainty, raising questions ranging from the president’s bid to coalesce power through a constitutional amendment or early elections to the future path of economic policy. The lira gained 1.4 percent after the steepest selloff in eight years yesterday.

Despite the attempt at a rally, sentiment was mixed: “There’s still a very cautious feeling to markets,” said William Hobbs, who helps oversee about $150 billion as head of investment strategy at the wealth-management unit of Barclays Plc in London. “The world is growing and is likely to grow a bit quicker as we go through the year and inflation returning…
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A Very Bearish Stanley Druckenmiller Blows Up At The Fed; Reveals His Biggest “Currency” Position

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

If anyone had wondered if Stanley Druckenmiller’s recent bearishness had dissipated, or transformed into at least modest bullishness as a result of the market meltup, we have bad news.

Moments ago at the Sohn Conference, Druckenmiller raged at the Federal Reserve’s dire monetary policies, saying that low interest rates have caused an environment where “not a week goes by without someone extolling the virtues of the equity market.”  The obsession with short term stimulus contrasts with the monetary reform of 80′s which led to the bull market, he added. 

The Fed bashing continued when Druck said that “by most objective measures, we are deep into the longest period ever of excessively easy monetary policies. Despite finally ending QE, the Fed’s radical dovishness continues today. By most objective measures, we are deep into the longest period ever of excessively easy monetary policies. In other words, and quite ironically, this is the least ‘data dependent’ Fed we have had in history.

Wrong: this is the most data-dependent Fed ever, only the data is the daily level of the Dow Jones Industrial Average; this is also why as Druckenmiller added, the Fed “causes reckless behavior” and added that “the Fed has no endgame and the end objective seems to be preventing the S&P from having a 20% decline.”

“Three years ago on this stage I criticized the rationale of Fed policy but drew a bullish intermediate conclusion as the weight of the evidence suggested the tidal wave of central bank money worldwide would still propel financial assets higher. I now feel the weight of the evidence has shifted the other way; higher valuations, three more years of unproductive corporate behavior, limits to further easing and excessive borrowing from the future suggest that the bull market is exhausting itself.”

Repeating something else we have long said, Druckenmiller also correctly said that as a result of the Fed’s permissive policies (who can ever forget Chuck Schumer statement to Ben Bernanke: “Get to work, Mr Chairman”) means politicians can avoid things like tax reform. Or pretty much anything else.

However, the Fed’s action is not without a cost, as “the fed has borrowed from future consumption more than ever before.”

He then noted that he is just as concerned about China, also correctly observing…
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A Big Bank Suggests WEALTH Taxation

Courtesy of ZeroHedge. View original post here.

Submitted by Sprott Money.

A Big Bank Suggests WEALTH Taxation

Written by Jeff Nielson (CLICK FOR ORIGINAL)


There is a two-word phrase which is virtually never heard within the vacuous propaganda machine known as the mainstream media: “wealth taxation”. There are very obvious reasons for such conceptual censorship.

To begin with, the corporate media is merely one of the subsidiaries of the financial crime syndicate which readers know as “the One Bank”. The One Bank exists for one purpose, to steal wealth. Any form of wealth-taxation would effectively claw back significant amounts of these ill-gotten gains; therefore, discussion of this concept is verboten.


This is why we have an “income taxation” system, the most inefficient, complex, and economically destructive form of taxation system which could be inflicted upon us. We have income taxation for one, and only one reason: it provides a taxation “free ride” for the Ultra Wealthy, the proprietorsof the One Bank.


How, then, is it possible that Deutsche Bank, one of the Big Bank tentacles of the One Bank, could have recently and openly suggested implementing wealth taxation? It is both a putrid and delicious display of irony.


Our governments have already been bankrupted, and our public treasuries have been emptied (via the “bank bail-outs” of 2008). The masses have already been virtually squeezed-dry of their wealth. Our overall standard of living has already plummeted by more than half. The Middle Class is virtually extinct , having devolved into the Working Poor. But the bankers’ masters are still hungry.


Thus, their psychopathic minions have been encouraged to dream up new-and-innovative ways to steal more. One form of systemic theft which has been gaining momentum is “the negative interest rate”: borrowers literally stealing from lenders (and savers). It is in this context that we see the two-word phrase which is a “four-letter word” to all bankers: wealth taxation.


…the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes.


Here it is necessary to point out the extreme perversity which is implicit in
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Another Deadlocked Election Coming Up In Spain

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Mike “Mish” Shedlock

Another Deadlocked Election Coming Up In Spain?

After six months of failed coalition attempts, Spain’s King Felipe dissolved parliament and announced new elections. I reported on this last week, but the official document dissolving parliament was signed today. New elections are on June 26. Will the results be any different?

There are 350 seats in Spain’s parliament. Courtesy of the BBC, the 2015 election went like this (blue highlights mine).

Party Leaders

  • PPOE – Former Prime Minister Mariano Rajoy
  • PSOE – Pedro Sanchez
  • Podemos – Pablo Iglesias
  • Ciudadanos – Albert Rivera

Coalition Problems

  • PSOE and PPOE could have formed a coalition, but the result would not have been stable. The party leaders do not get along and the left and right generally don’t mix.
  • The three leftists parties could have formed a coalition, but Podemos is eurosckeptic and in favor of letting Catalonia have a vote on independence. The other two leftist parties are staunch nationalists as well as staunch euro supporters.
  • Ciudadanos ruled out forming a coalition with Podemos for philosophical reasons noted above.
  • Ciudadanos was formed as an anti-corruption party and wants nothing to do with Mariano Rajoy and his totally corrupt PPOE Popular Party either.

Clash of Ideas

The Financial Times explains the blame game as follows.

  • Mariano Rajoy, the acting prime minister and leader of the conservative Popular party, has repeatedly blamed the Socialists for refusing to form a grand coalition under his leadership. “What happened over the past four months must not repeat itself. Vetoes are bad for democracy,” the prime minister said on Monday.
  • Pedro Sánchez, the Socialist leader, has in turn attacked the anti-austerity Podemos movement for turning down his proposal for a Socialist-led government with the centrist Ciudadanos party.
  • Podemos, meanwhile, has lashed out at the Socialists for declining its invitation to form a leftist government.

“A poll by Metroscopia, published in the El País daily over the weekend, gave the PP 29 per cent of the vote, far ahead of its closest rival, the Socialists, with 20.3 per cent.”

Podemos IU Alliance

Let’s complicate the matter further. Podemos just announced an alliance with Izquierda Unida (IU) United Left.

IU received 3.68% of the vote in 2015.…
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Majority Of Germans Think The Media Is Controlled By Political, Economic Elites

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

According to a recent survey, the majority of people in Germany view the news media as simply a pillar of the government and the powerfully elite. Only one third of the respondents think that the German news media is truly independent, while the majority view the government and parties as having control over particular policies, and the lobbyists and advertisers having control over the economic news.

More than half of the respondents viewed the news media as controlled by the “powerful” in the country, a view which manifested in recent years in the wake of going through crisis after crisis as the media began to be viewed simply as part of the system, or, the Fourth Estate.

Another major issue brought forth by the respondents is that the media reports only the problems, never presents any solutions, and when it came to consequences of political decisions very little reporting was done on the impacts those decisions had on the people.

It’s apparent that the German people know their history (e.g. Joseph Goebbels), and have a healthy skepticism for the media. It would behoove everyone to have a bit (a lot) of skepticism about what the media tells them each day, as there are undoubtedly agendas that don’t include simply reporting the truth.

Of course, when even the president of the European Union admits to lying, what hope is there for ever discovering the facts?

Of course, telling the truth in a world hell-bent on papering over issues and serving as many agendas as possible is a very difficult and unpopular thing to do. Sadly, there are even media outlets out there who try to take out any of their competition trying to do so.





Guest Post: The Great Western Retreat

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Giulio Meotti via The Gatestone Institute,

  • Of all French soldiers currently engaged in military operations, half of them are deployed inside France. And half of those are assigned to protect 717 Jewish schools.

  • This massive deployment of armed forces in our own cities is a departure from history. It is a moral disarmament, before a military one.

  • Why does anyone choose to fight in a war? Civilized nations go to war so that members of today’s generation may sacrifice themselves to protect future generations. But if there are no future generations, there is no reason whatever for today’s young men to die in war. It is “demography, stupid.”

On March 11, 2004, 192 people were killed and 1,400 wounded in a series of terrorist attacks in Madrid. Three days later, Spain’s Socialist leader, José Luis Rodríguez Zapatero, was elected prime minister. Just 24 hours after being sworn in, Zapatero ordered Spanish troops to leave Iraq “as soon as possible.”

The directive was a monumental political victory for extremist Islam. Since then, Europe’s boots on the ground have not been dispatched outside Europe to fight jihadism; instead, they have been deployed inside the European countries to protect monuments and civilians.

Opération Sentinelle” is the first new large-scale military operation within France. The army is now protecting synagogues, art galleries, schools, newspapers, public offices and underground stations. Of all French soldiers currently engaged in military operations, half of them are deployed inside France. And half of those are assigned to protect 717 Jewish schools. Meanwhile, French paralysis before ISIS is immortalized by the image of police running away from the office of the satirical magazine Charlie Hebdo during the massacre there.

French soldiers guard a Jewish school in Strasbourg, February 2015. (Image source: Claude Truong-Ngoc/Wikimedia Commons)

You can find the same figure in Italy: 11,000 Italian soldiers are currently engaged in military operations and more than half of them are used in operation “Safe Streets,” which, as its name reveals, keeps Italy’s cities safe. Italy’s army is also busy providing aid…
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Atlas Crumbles Under Weight of Italian Banks

Courtesy of Mish.

On April 12, in one of the easiest financial predictions in history, I challenged the notion that a €5 billion slush fund dubbed “Atlas” could possibly prop up €360 Billion of non-performing loans in Italian banks.

Less than a month later, “Atlas” is already a notable failure.

I seek no credit for my call, and none is due. Failure was a certainty from the start.

Instead, I question the sanity of anyone who thought such a preposterous scheme could work in the first place.

Please consider Atlas Strains to Hold up the Sky Over Italy’s Banking Sector.

A government-orchestrated, privately backed €4.25bn fund — rushed into place last month as investors fretted about Italy’s vast pile of bad loans run up during a long recession — has not proved the silver bullet Italian bankers and officials had hoped.

Italian bank shares plunged again this week, alongside a wider fall in banking stocks, taking their losses since the start of the year to more than 30 per cent. This wiped out hopes of bank bosses that the fund — dubbed Atlante or Atlas, the mythological titan who held up the sky — would swiftly cause a re-rating of their stocks.

Rattling investors, Atlante made its first rescue mission at the weekend taking ownership of scandal-hit regional bank Popolare di Vicenza after the failure of its €1.5bn capital increase — seen as a bellwether of investor sentiment about Italian banks — failed to attract investors.

Italian banks are already saddled with the highest proportion of bad loans, the most branches per capita and the lowest profitability of any G20 country. As their revenues are squeezed by low interest rates and weak economic growth, the situation could deteriorate further. Citigroup analysts described Italy’s banks as “fundamentally challenged” in a report this week predicting they could require €10bn-€30bn of extra provisions to deal with their bad loans.

Matteo Renzi, Italy’s 41-year-old reformist prime minister, on Wednesday sought to rally markets.

“Thanks to Atlante, Vicenza is saved. To the investors I say that finally the market rules in Italy,” he told reporters in Rome.

“Vicenza Saved”

Italian Banks

Others disagree. For example “If it were me I would ask for my money back,” said one senior banker.


Continue reading here…





What We REALLY Know About the 9/11 Defendants

Courtesy of ZeroHedge. View original post here.

Submitted by George Washington.

The government pretends that it’s giving the surviving 9/11 masterminds a fair trial, and that justice will prevail.

The truth may be a wee bit different …

Kangaroo Court Show Trials

Buzzfeed reported yesterday:

The Defense Department has farmed out to a private company much of the criminal investigation and trials of the men accused of plotting the 9/11 attacks on the World Trade Center and the Pentagon, according to federal records and sources affiliated with the trials who spoke to BuzzFeed News.

 

What’s more, the government has hired the same firm, SRA International, to serve both the prosecution and defense teams, sparking concerns of a conflict of interest that could undermine the integrity of one of the most significant terrorism cases in modern history.

Sound a little odd?  It’s not the only fishy thing about the 9/11 trials …

In 2008, the former chief prosecutor for Guantanamo’s military commissions disclosed that the trials have been rigged to prevent any possibility of acquittal.

Specifically, the head of the Guantanamo tribunal — who is actually in charge of both prosecuting and defending the suspects — told the former chief prosecutor:

Wait a minute, we can’t have acquittals. If we’ve been holding these guys for so long, how can we explain letting them get off? We can’t have acquittals, we’ve got to have convictions.

In addition, three other Guantanamo prosecutors — Maj. Robert Preston, Capt. John Carr and Capt. Carrie Wolf — “asked to be relieved of duties after saying they were concerned that the process was rigged. One said he had been assured he didn’t need to worry about building a proper case; convictions were assured.”

Another former Guantanamo prosecutor resigned, saying in a sworn declaration that the government pulled all sorts of shenanigans in one case.

The head of the tribunal also said that — even if the defendants are somehow acquitted — they may not be released from Guantanamo.

No…
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Zero Hedge

Tesla Is Tumbling In The Pre-Market

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The battle between Elon Musk and Jim Chanos continues in the pre-market as non-GAAP exuberance is trumped by epic cash burns and reality-checks from hedge fund managers. The after-hours panic-buying algos appear to have enabled more than a few to exit in a hurry...

Even with near record short-interest...

...



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Chart School

New Jobless Claims: Up 17K, Worse than Forecast

Courtesy of Doug Short's Advisor Perspectives.

Here is the opening statement from the Department of Labor:

In the week ending April 30, the advance figure for seasonally adjusted initial claims was 274,000, an increase of 17,000 from the previous week's unrevised level of 257,000. The 4-week moving average was 258,000, an increase of 2,000 from the previous week's unrevised average of 256,000.

There were no special factors impacting this week's initial claims. This marks 61 consecutive weeks of initial claims below 300,000, the longest streak since 1973. [See full report]

Today's seasonally adjusted 274K new claims was up 17K from last week's 257K and above the ...



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Phil's Favorites

Atlas Crumbles Under Weight of Italian Banks

Courtesy of Mish.

On April 12, in one of the easiest financial predictions in history, I challenged the notion that a €5 billion slush fund dubbed “Atlas” could possibly prop up €360 Billion of non-performing loans in Italian banks.

Less than a month later, “Atlas” is already a notable failure.

I seek no credit for my call, and none is due. Failure was a certainty from the start.

Instead, I question the sanity of anyone who thought such a preposterous scheme could work in the first place.

Please consider Atlas Strains to Hold up the Sky Over Italy’s Banking Sector.

A government-orchestrated, privately backed €4.25...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Oil Turns Lower After Bigger-Than-Forecast U.S. Crude Build (Fox Business)

A bigger-than-expected build in U.S. crude inventories to fresh record highs pushed oil markets down after an early rally on Wednesday over concerns about production cuts in Canada's oil sands region due to a wildfire.

Trade Deficit Shrinks as Goods Imports Hit Five-Year Low (Fox Business)

The U.S. trade deficit fell more than expected in March as imports of goods tumbled to their lowest level since 2010, a potential boost to first-quarter ec...



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ValueWalk

Pension Funds - Taking the Long View: The Dangers of Short-Termism

By Jacob Wolinsky. Originally published at ValueWalk.

Pension Funds – Taking the Long View: The Dangers of Short-Termism

Moderator
Scott Minerd, Managing Partner, Chairman of Investments and Global Chief Investment Officer, Guggenheim Partners

Speakers
Christopher Ailman, Chief Investment Officer, California State Teachers? Retirement System; Co-Chair, Global Capital Markets Advisory Council, Milken Institute
Scott Evans, Deputy Comptroller, Asset Management, and Chief Investment Officer, New York City Retirement Systems
Vicki Fuller, Chief Investment Officer, New York State Common Retirement Fund
Hiromichi Mizuno, Executive Managing Director and Chief Investment Officer, Government Pension Investment Fund, Japan

Intensifying global competition, flagging corporate earnings and emboldened activist investors ...



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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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Kimble Charting Solutions

Junk Bonds- Potential breakdown at triple resistance zone

Courtesy of Chris Kimble.

Many like to watch the price action of Junk Bonds, because they can send important messages about the strength or lack of in the stock market. Below looks at Junk Bond ETF JNK

CLICK ON CHART TO ENLARGE

As you can see, JNK looks to have created a double top in 2013 and 2014 and weakness in the sector soon followed. Once weakness really started to take place in this sector (2015), stocks didn’t have much luck moving higher.

JNK created a bullish reversal pattern (bullish wick pattern) the week of 2/5 and started turning high...



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Digital Currencies

Is Craig Wright The Creator Of Bitcoin? Frisby and Matonis On 'Satoshi Nakamoto'

Courtesy of ZeroHedge. View original post here.

Is Craig Wright The Creator Of Bitcoin? Frisby and Matonis On ‘Satoshi Nakamoto’

By Mark O'Byrnewww.GoldCore.com 

Craig Wright, an Australian computer scientist, self-declared cyber security expert and entrepreneur, has claimed to be the creator of Bitcoin, the elusive &l...



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OpTrader

Swing trading portfolio - week of May 2nd, 2016

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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Biotech

PRGO, VRX and an Overpriced Papa

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

By Ilene 

Remember this? It was Monday. PRGO is down from around $130 to under $100 since I started following it LAST WEEK. That's down almost 25% in a week, and almost 50% in the last year. So I wrote, 

"Perrigo CEO Joseph Papa leaves Perrigo (PRGO) to lead Valeant (VRX) while PRGO issues a warning about missing earnings expectations. Not surprisingly, PRGO stock plummeted today. 

Robert Ingram, Chairman of the [Valeant] Board, stated, "The Board has conducted a thorough search process and believes that Joe is the ideal leader for Valeant at this time. He has a strong shareholder orientation,...



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Mapping The Market

About that debate last night

Although we try to stay focused on finding and managing promising trade ideas, the comments in the comment section sometimes take a political turn (for access, try PSW — click here!). So today, Jean Luc writes,

The GOP debate last night was just unreal – are these people running to be president of the US or to lead a college fraternity! Comparing tool size? The only guy that looks semi-sane is Kasich. The other guys are just like 3 jackals right now. 

And something else – if Trump is the candidate, that little Romney speech yesterday is probably already being made into a commercial. And all these little snippets from the debate will also make some nice ads! If you are a conservative, you have to be scared now. 

Phil writes back,

I was expecting them to start throwing poop at each other &n...



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We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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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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