Archive for the ‘Topic’ Category

Greek Stock Market Reopens (sort of); Math Perspective on the “Bailout”

Courtesy of Mish.

The Greek news of the day is Greek Stock Market to Reopen, With Restrictions.

Restrictions

  1. People cannot draw on their Greek bank accounts to buy shares
  2. People can only buy shares with existing brokerage account cash

I supposed people could transfer cash from elsewhere into stocks but no one in their right mind would do such a thing.

And what about taking cash out of brokerage accounts, wiring it elsewhere? The article did not say, but I suspect that has capital restrictions as well.

Will the market really reopen Monday?

I suggest not.

Reader "Bailout" Perspective

Reader "AC" occasionally pings me with some interesting comments and perspectives. Here's another one.

Ciao Mish,

I wanted just to share some elements to put in perspective things about Greek bailout.

Greece is a small country with small GDP, but please consider the ratio of the bailout and guarantee vs GDP….

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Rabbit-Hole Math: Chicago Proposes Bonds that Make No Periodic Payments; When Does Stupidity Stop?

Courtesy of Mish.

Chicago Eyes Bonds that Delay Repayments

Chicago Mayor Rahm Emanuel has his eyes on raising money via Capital Appreciation Bonds.

CABs saddle taxpayers with higher costs because they delay interest and principle payments until a final lump-sum payment at the end.

CABs have fallen out of favor because of risk. Some cities and states have outlawed them.

Nonetheless, Chicago Mulls Borrowing That Puerto Rico Rejected as Too Risky.

Mayor Rahm Emanuel proposed issuing $500 million of bonds this week in an ordinance that would permit the use of capital appreciation bonds, where borrowers postpone interest and principal payments into one big sum at the end of the term.

Chicago is struggling to plug its deficit and $20 billion of unfunded pension liabilities. Emanuel’s move would give the third-most-populous city a means of borrowing without having to face the costs right away.

Texas restricted the use of CABs in June and California has limited them since 2013. The Puerto Rico Electric Power Authority dismissed a bondholder plan last week to restructure its debt using capital appreciation bonds, citing the disproportionate risks.

Former California Treasurer William Lockyer called the debt “abusive” because it passes on large payments to future generations.

“They increase the total cost and lower flexibility going into the future,” said Steve Murray, a senior director at Fitch Ratings. “They can limit future borrowing ability.”

Emanuel also proposed selling $125 million of wastewater revenue bonds to fund swap termination payments, Poppe said. A separate ordinance would authorize $2 billion in bonds for O’Hare International Airport, including $1.7 billion of refunding for savings, and about $300 million of new money for capital projects and interest, according to Poppe.

Rabbit-Hole Math

Given Chicago’s junk bond rating, no investor in their right mind would purchase Chicago CABs. Default risk is enormous….



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“There’s A Bubble In Pessimism Worldwide, Come On, You Read Zero Hedge!”

If you read Zero Hedge, there's your proof that there is a bubble in pessimism. And if that doesn't make sense to you, read the following article, but it probably won't help.

"There's A Bubble In Pessimism Worldwide, Come On, You Read Zero Hedge!"

Courtesy of ZeroHedge

GFI's John Spallanzani came on CNBC today and decided to make the case that there is a bubble. But not a bubble in stocks which are trading 1% off their all time highs, at a 20x real P/E multiple, and 1400 days without a 10% correction, mind you, but a bubble in pessimism.

Here is his "argument," deconstructed in its several key components.

  • "If there's a bubble in bonds, there has to be a bubble in pessimism."

Apparently, Mr. Spallanzani does not quite grasp that the only reason bond prices are as high as they are (to him, that means a bubble), is because the central banks are now buying more than 100% of all net issuance.

It also appears that the very logical conclusion that if there is a bubble in bonds, then there is clearly a bubble in stocks, because once the bond bubble bursts and interest rates soar, what happens to earnings? Or perhaps GFI employees just haven't covered yet the arcane linkage between the balance sheet and the income statement.

Ironically, in the very next sentence the CNBC guest says that "there is a shortage of quality assets in the world" (which actually is spot on as we showed in May of 2013), but apparently another class not discussed at GFI is that "quality assets" are bonds, not 100x (or Div/0) biotech stocks.

Then there is a lot of even more confused words, followed by this pearl: "the only way the Fed is going to hike is basically the S&P going toward 2200. If we stay at 2100 or below, the Fed doesn't go in September."

Then comes even more confusion: "the only game in town right now are equities to drive the balance sheet of the individual investor and also the consumer."

Uh, what?

Unwilling to risk a subdural hematoma from trying to decipher…
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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Greek stock market to reopen Monday after five-week shutdown (Reuters)

ATHENS (Reuters) – Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight, a bourse spokeswoman said on Friday.

The Athens Stock Exchange (ASE) (.ATG) (EXCr.AT) has been shut since June 29, when the government closed banks and imposed strict limits on withdrawals and foreign transfers to avert a run on deposits.

The Finance Ministry cleared the way for the exchange to resume operations by issuing a decree setting out new trading rules for local investors. There will be no restrictions on foreign investors.

China shares suffer worst month in nearly 6 years (Market Watch)

The Shanghai index ends July off 14%, its worst performance since August 2009, after confidence in a government-led recovery wavered earlier this week.

Malaysia Reserves Set to Drop Below $100 Billion at Wrong Moment (Bloomberg)

Malaysia’s foreign-exchange reserves are set to drop below $100 billion just when the nation most needs a buffer against any collapse in investor confidence.

Switzerland's central bank lost $51 billion and the franc is getting hammered (Business Insider)

Switzerland's central bank, the SNB, reported a first-half loss of 50.1 billion Swiss francs ($51.79 billion, £33.29 billion) on Friday.

How does a central bank, that can effectively print its own money, get hit with such a loss?

CHF crash

7 'Saves' In 7 Months: A Market Going Nowhere Fast (Of Two Minds)

Can markets be saved an eighth time, a ninth time, a tenth time this year? How about next year?

What do we make of a stock market that's been "saved" seven times in a mere seven months? Saved from what, you ask? Saved from rolling over, of course; after six years of upside, the current uptrend is getting long in tooth, and evidence of global recession is mounting.

What the bull market needs to keep going (Market…
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QE Fails In Japan: Inflation Nonexistent, Consumer Spending Drops, More Ease Coming

Courtesy of John Rubino.

After nearly three decades of stagnation, Japan in 2013 went all-in, ordering its central bank, the Bank of Japan, to buy pretty much every bond on the market with newly-created yen. The BoJ’s balance sheet — a rough proxy for the amount of money it has created and dumped into the economy — soared at a rate that dwarfs, in relation to GDP, the US Fed’s QE programs.

Japan BOJ balance sheet

But it’s not working:

Japan’s Consumer Prices Rise Fractionally While Spending Drops

(Bloomberg) – Consumer price gains in Japan remained little more than zero in June while household spending dropped, challenging the central bank’s effort to spur inflation.

Consumer prices excluding fresh food rose 0.1 percent from a year earlier, fractionally better than economists estimated. The same measure for Tokyo showed a 0.1 percent decline.

JPMorgan Chase & Co. and Barclays Plc are among economists estimating a second-quarter contraction that could sap momentum in inflation that BOJ chairman Kuroda predicts will pick up later this year.

“I can’t see when the BOJ will be able reach the 2 percent inflation target at all,” Yasunari Ueno, chief market economist at Mizuho Securities Co., said before today’s data. “It appears to be a matter of time before the BOJ adds monetary stimulus.”

Oil has tumbled more than 50 percent from last year’s high, squelching early progress that the BOJ made with unprecedented monetary stimulus in reflating the economy. Consumer prices excluding food and energy increased just 0.6 percent in June from a year earlier.

Household spending, which dropped in 14 of the past 15 months, fell 2 percent in June from a year earlier. Retail sales data released earlier in the week showed a 0.8 percent drop from May while industrial production provided a bright spot, rebounding more than expected.

There isn’t enough momentum in Japan’s economy to drive up inflation, said Yoshiki Shinke, an economist at Dai-ichi Life Research. He sees a contraction as deep as 2.5 percent last quarter, driven by weaker exports and consumer spending.

Most economists see the BOJ failing to reach its goal in its timeframe, with 22 of 35 in a Bloomberg survey this month forecasting that the bank will eventually bolster stimulus.

Japan is bit of a special case because its population is aging faster than any other. The country’s stores now sell more adult diapers than baby…
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Commodities Are Screaming Trouble But the Fed Isn’t Listening

Courtesy of Pam Martens.

SPDR S&P Metals & Mining Exchange Traded Fund (Red), Freeport-McMoRan (Blue), and BHP Billiton (Yellow) Charts for Past Year

SPDR S&P Metals & Mining Exchange Traded Fund (Red), Freeport-McMoRan (Blue), and BHP Billiton (Orange) Charts for Past Year

 

By Pam Martens and Russ Martens: July 31, 2015 

The commodities slump has accelerated this past month with gold now trading at five-year lows and the U.S. crude benchmark, West Texas Intermediate (WTI), down 19 percent in just the past month, 49 percent on the year, and 57 percent in the past two years. In early morning trade, WTI is at $47.82 versus $110 two years ago.

Minutes of the Federal Reserve’s Open Market Committee meeting on December 16 and 17 reveal that the Fed was expecting an upturn in oil prices this year, writing: “…inflation was projected to reach the Committee’s objective over time, with longer-run inflation expectations assumed to remain stable, prices of energy and non-oil imports forecast to begin rising next year, and slack in labor and product markets anticipated to diminish slowly.”

CNN Money is reporting this morning that major iron ore or metals exporting countries like Peru (copper), Chile (copper), South Africa (iron ore and gold), Australia (iron ore and gold), Brazil (iron ore), Zambia (copper), and Democratic Republic of the Congo (metals and crude oil) are experiencing a serious economic impact from the plunge in commodity prices over the past year.



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IMF Reiterates Greece Disqualified for Bailout, Participation Depends on Debt Relief and Reforms

Courtesy of Mish.

Once again the IMF is back in the news in regards to Greece.

The IMF staff told the board of directors Greece Disqualified from New IMF Program.

Yet, Germany insists IMF be a part of the program. The reason for the latter is Germany will have to pony up lots more money if the IMF is not involved. The staff presented this message to the board this week, along with the message eurozone bailout lenders first need to agree on “debt relief”.

From the above link (Financial Times) …

The International Monetary Fund’s board has been told Athens’ high debt levels and poor record of implementing reforms disqualify Greece from a third IMF bailout of the country, raising new questions over whether the fund will join the EU’s latest financial rescue.

The determination, presented by IMF staff at a two-hour board meeting on Wednesday, means that while IMF staff will participate in bailout negotiations currently under way in Athens, the fund will not decide whether to agree a new programme for months — potentially into next year.

The IMF’s assessment adds another source of complexity, just as Athens and its bailout monitors begin discussions to try to conclude a deal before a tight August 20 deadline.

According to a four-page “strictly confidential” summary of Wednesday’s board meeting, IMF negotiators will take part in policy discussions to ensure the eurozone’s new bailout “is consistent with what the fund has in mind”.

But they “cannot reach staff-level agreement at this stage”. The fund will decide whether to take part only after Greece has “agreed on a comprehensive set of reforms” and, crucially, after eurozone bailout lenders have “agreed on debt relief”.

[Germany] now faces the prospect of trying to move an €86bn bailout through a sceptical Bundestag in a matter of weeks, without the IMF’s imprimatur.

Some Greek officials suspect the IMF and Wolfgang Schäuble, the hardline German finance minister, are determined to scupper a Greek rescue, despite the July agreement to move forward with a third bailout.

In a private teleconference made public this week, Yanis Varoufakis, the former Greek finance minister, said he feared that his government would pass new rounds of economic reforms only for the IMF to pull the plug on the programme later this year….



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What happens to stocks after nothing happens to stocks?

Joshua points out that S&P action this flat, as it's been from January through July, is actually quite rare. So what's next?

What happens to stocks after nothing happens to stocks? 

Courtesy of 

My latest piece for Fortune Magazine just went live today. In it, I look at the consequences for a stock market that’s gone nowhere halfway through the year, as is the case in 2015…

You might have looked at your last brokerage statement and wondered why you’re no longer seeing the asset balance increasing like it had been. You may have taken a glance at your 401(k) the other day and wondered why it’s barely budged since Thanksgiving, excluding the contributions you’ve been making every two weeks.

You’re not crazy. The U.S. stock market has essentially gone nowhere in over 120 days.

Keep reading:

The Thing About Flat Stock Markets (Fortune)

 





News You Can Use From Phil’s Stock

 

Financial Markets and Economy

The U.S. Economy's Top Speed Has Probably Been Overestimated for Years (Bloomberg)

Revisions to the U.S. gross domestic product since 2011 reinforce the shift to a slower era of economic growth and underscore the difficulties the Federal Reserve faces in gauging just when to inch interest rates away from the zero-lower bound.

Alpha Bankruptcy Plan Shows Mines Must Die for Others to Live (Bloomberg)

As coal king Alpha Natural Resources Inc. prepares for bankruptcy, an uncomfortable reality is setting in across the hills of Appalachia and the open pits of Wyoming: More mines are going to have to die for the rest to survive.

Alpha Natural, the biggest U.S. producer of metallurgical coal, is discussing a plan with creditors that would shut mines as part of its bankruptcy proceedings, three people with direct knowledge of the situation said Thursday, asking not to be named because the discussions are private.

A man looks at stock prices displayed at a board showing market indices in Tokyo July 28, 2015.    REUTERS/Thomas Peter Asia shares edge up, wary of China volatility (Business Insider)

Asian shares inched higher on Friday but were on track for a weekly loss, while the dollar edged away from highs scaled after U.S. GDP data reinforced expectations that the Federal Reserve is on track to raise interest rates this year.

Investors kept a wary eye on China, where stocks dropped on Thursday after state media reported that banks were investigating their equities exposure in the wake of the recent dramatic rout there.

Brazil's Economy Slides Into Depression, And Now Olympians Will Be Swimming In Feces (Zero Hedge)

Back on December 29 of last year, we explained how under the burden of its soaring current account deficit, and its its first primary fiscal deficit since 1998, not to mention numerous corruption scandals and a dysfunctional monetary policy, the Brazilian economy "just imploded." We also noted the main reason for the Latin American collapse: Brazil had for the past decade become China's favorite source of commodities, and now that China suddenly no longer


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3 Reasons LinkedIn Is A Buy (And 3 Catalysts That Could Be Coming)

Courtesy of Benzinga.

3 Reasons LinkedIn Is A Buy And 3 Catalysts That Could Be Coming
Related LNKD
Bob Peck Still Likes LinkedIn's Innovation: Here's Why He Projects $275
US Stock Futures Edge Lower Ahead Of Consumer Sentiment Report
LinkedIn (LNKD) Jeffrey Weiner on Q2 2015 Results – Earnings Call Transcript (Seeking Alpha)

In a report published Friday, Credit Suisse analyst Stephen Ju maintained an Outperform rating on LinkedIn Corp (NYSE: LNKD), while raising the price target from $307 to $311. The company reported its 2Q15 results, with 33 percent year-on-year revenue growth, well ahead of the guidance, estimates and consensus.

3 Reasons

According to the Credit Suisse report, there are three primary reasons that the stock is an attractive buying option. Firstly, "LinkedIn's current roster of over 37,000 corporate solutions clients implies a minority penetration rate for Talent Solutions on a global base of ~745k addressable businesses that have more than 100 employees."

Secondly, the analyst believes that since the current subscription model undercharges enterprise customers, LinkedIn might be able to potentially increase pricing on a per-lead basis, which could prove more lucrative.

Thirdly, "over the longer term LinkedIn can leverage its unique data set to place the right ad in front of the right user at the right time, driving ad inventory pricing higher."

Related Link: LinkedIn Has A 'Whopper Of An EPS'

On the other hand, Ju also believes that there could be further upside potential to the stock in the near to medium term if the company is able to achieve faster-than-anticipated ramp of Sales Navigator and rolls out additional products that could help LinkedIn monetize its "unique" data assets.

Upside could also be fuelled by acceleration in the Marketing Solutions business, driven by recovery in customer engagement, as well as contribution from Bizo. According to Ju, upside could also be driven by continued increase in pricing in the Talent Solutions business, "as the company exerts market power as the current all-you-can-eat subscription model undercharges enterprise customers."

Results

With regard to the 2Q15 results, CEO Jeff Weiner said, "LinkedIn continued to deliver increased member and customer…
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Zero Hedge

NATO Member Busted Supporting ISIS ... Now Declares War Against ISIS, But Instead Bombs Its Political Rival (the Main Force ...

Courtesy of ZeroHedge. View original post here.

Submitted by George Washington.

Turkey Enabling ISIS

NATO member Turkey has been busted supporting ISIS.

The Guardian reported this week:

US special forces raided the compound of an Islamic State leader in eastern Syria in May, they made sure not to tell the neighbours.

The target of that raid, the first of its kind since US jets returned to the skies over Iraq last...



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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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ValueWalk

The GSIBs Dilemma: Death By Hanging Or Dismemberment

By VW Staff. Originally published at ValueWalk.

Karen Petrou's memorandum to the Federal Financial Analytics Clients on the GSIBs dilemma: death by hanging or dismemberment.

TO: Federal Financial Analytics Clients

FROM: Karen Shaw Petrou

DATE: July 31, 2015

At Wednesday’s hearing on Dodd-Frank’s resolution protocols, conservative Republican Pat Toomey wanted to end big banks by hanging them in bankruptcy, while Sen. Warren preferred death by dismemberment. Any way you look at it, two senators who might well not agree on from which side the sun rises are united as one on a goal: killing GSIBs. A Presidential candidate, former Texas Governor Rick Perry, Thursday ideologically stood as one with fellow candidate, socialist Bernie Sanders to demand a slow, painful GSIB death by ever higher surcharges along with an array of other costly sanctions. It’s enoug...



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Phil's Favorites

Greek Stock Market Reopens (sort of); Math Perspective on the "Bailout"

Courtesy of Mish.

The Greek news of the day is Greek Stock Market to Reopen, With Restrictions.

Restrictions

  1. People cannot draw on their Greek bank accounts to buy shares
  2. People can only buy shares with existing brokerage account cash

I supposed people could transfer cash from elsewhere into stocks but no one in their right mind would do such a thing.

And what about taking cash out of brokerage accounts, wiring it elsewhere? The article did not say, but I suspect that has capital restrictions as well.

Will ...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Greek stock market to reopen Monday after five-week shutdown (Reuters)

ATHENS (Reuters) - Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at stemming capital flight, a bourse spokeswoman said on Friday.

The Athens Stock Exchange (ASE) (.ATG) (EXCr.AT) has been shut since June 29, when the government closed banks and imposed strict limits on withdrawals and foreign transfers to avert a run on deposits.

The Finance Ministry cleared the way for the exchange to resume operations by issuing a decree setting out new trading rules for local investors. There will be no restrictions on foreign investors.

...



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Insider Scoop

MagneGas Conducts Demonstrations for Fossil Fuel Division of Major NE Utility

Courtesy of Benzinga.

MagneGas Corporation (NASDAQ: MNGA) this week completed metal cutting demonstrations with over 40 representatives from the Fossil Fuel division of a major northeast Utility. The Company believes the demonstrations were successful as they have received multiple requests for fuel as a result of those meetings.

The Utility is one of the ten largest in the United States with over $35 billion in assets and large volume use of acetylene. Multiple company officials and representatives from the Fossil Fuel Division of the Utility were in attendance. This particular division is the largest user of acetylene and propane at the Company. The test used MagneGas® to cut 2 inch steel plates and resulted in very little pre-heat time with clean cuts. Officials have indicated an int...



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Chart School

Markets Remain Near and Above, Yesterday's Highs

Courtesy of Declan.

Tech indices finished strong after they overcame the opening half hour of selling. The Fed statement was greeted favorably, although market breadth is not looking pretty. The Nasdaq still has a distance to travel to make back all of its losses, but has done well to hold up against Semiconductor weakness.


The Semiconductor Index is struggling to make inroads against past losses as the Nasdaq and Nasdaq 100 push respectable gains. I find it hard to see how this scenario can continue, ...

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Kimble Charting Solutions

Travel indicator being put to critical tests

Courtesy of Chris Kimble.

The American Economy is driven a good deal by the consumer.

The table below reflects that nearly 70% of GDP is based consumption.

CLICK ON CHART TO ENLARGE

The 4-pack below looks at consumption with a focus on the travel and leisure sector, by looking at Avis (CAR), Hertz (HTZ), Expedia (EXPE) and Priceline (PCLN).

CLICK ON CHART ABOVE TO ENLARGE

While many seem to be occupied by the news abou...



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Sabrient

Sector Detector: Lackluster earnings reports put eager bulls back into waiting mode

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

Courtesy of Sabrient Systems and Gradient Analytics

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-ranked stocks from the top-ranked sectors.

Corporate earnings reports have been mixed at best, interspersed with the occasional spectacular report -- primarily from mega-caps like Google (GOOGL), Facebook (FB), or Amazon (AMZN). Some of the bul...



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OpTrader

Swing trading portfolio

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

 

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

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

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

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



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Digital Currencies

Gold Spikes Back Above $1100, Bitcoin Jumps

Courtesy of ZeroHedge. View original post here.

Gold is jumping after the overnight double flash-crash...testing back towards $1100...

Bitcoin is back up to pre-"Greece is Fixed" levels...

Charts: Bloomberg and Bitcoinwisdom

...

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Pharmboy

Baxter's Spinoff

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

Baxter Int. (BAX) is splitting off its BioSciences division into a new company called Baxalta. Shares of Baxalta will be given as a tax-free dividend, in the ratio of one to one, to BAX holders on record on June 17, 2015. That means, if you want to receive the Baxalta dividend, you need to buy the stock this week (on or before June 12).

The Baxalta Spinoff

By Ilene with Trevor of Lowenthal Capital Partners and Paul Price

In its recent filing with the SEC, Baxter provides:

“This information statement is being ...



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Mapping The Market

An update on oil proxies

Courtesy of Jean-Luc Saillard

Back in December, I wrote a post on my blog where I compared the performances of various ETFs related to the oil industry. I was looking for the best possible proxy to match the moves of oil prices if you didn't want to play with futures. At the time, I concluded that for medium term trades, USO and the leveraged ETFs UCO and SCO were the most promising. Longer term, broader ETFs like OIH and XLE might make better investment if oil prices do recover to more profitable prices since ETF linked to futures like USO, UCO and SCO do suffer from decay. It also seemed that DIG and DUG could be promising if OIH could recover as it should with the price of oil, but that they don't make a good proxy for the price of oil itself. 

Since...



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Promotions

Watch the Phil Davis Special on Money Talk on BNN TV!

Kim Parlee interviews Phil on Money Talk. Be sure to watch the replays if you missed the show live on Wednesday night (it was recorded on Monday). As usual, Phil provides an excellent program packed with macro analysis, important lessons and trading ideas. ~ Ilene

 

The replay is now available on BNN's website. For the three part series, click on the links below. 

Part 1 is here (discussing the macro outlook for the markets) Part 2 is here. (discussing our main trading strategies) Part 3 is here. (reviewing our pick of th...

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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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About Phil:

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

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About Ilene:

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

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