Archive for the ‘Topic’ Category

Expect the Unexpected

 

Expect the Unexpected

Courtesy of 

I repeat this Jeff Gundlach quote a lot because I love it and it constantly applies to something: “Whenever you hear people in the investment business say ‘Never’, that’s when you know it’s about to happen.”

The Dow is 2.6% away from record highs now that we’re through the fairly lousy earnings season. The SPX is even closer, just 2% away. There’s no reason. Anything can happen.

We’re getting a really great reminder of this every night, courtesy of the NBA East and West finals. Golden State barely lost a game in the regular season and pretty much manhandled their opponents in the first two rounds of the post-season. They broke dozens of records, both as a team and on an individual basis. Steph made 400 3-pointers, beating his previous record of 200 or something like that.

Now they can’t win a game against OKC. They can’t even win a quarter. They can’t shoot, they can’t rebound and they sure as hell can’t stop Westbrook and Durant. They can’t even stop the Thunder role-players. Two weeks ago they looked invincible. Now they need to win two straight just to stay alive.

Look north. The Cavs are now tied at 2-2 against Toronto. Another impossible situation. Cleveland swept the rest of the East in the first two rounds and it seemed like destiny that LeBron would face Steph Curry in the finals. He can’t even face f***ing Drake. Toronto is playing miraculous basketball while Kevin Love disappears and Kyrie Irving hits the front of the rim. It’s astonishing.

If present trends continue, the Raptors will be playing the Thunder in the finals and LeBron will be watching from a Buffalo Wild Wings. Let’s hope not, for the NBA’s sake. I think it’s clear they wanted expected CLE vs GS, but they very well may not get it.

Expect the unexpected.

And now, about that rate hike in June the Fed “definitely won’t” be doing…





Feds Probing Potential Insider Trading By Senator Bob Corker

Courtesy of ZeroHedge. View original post here.

Back in December the topic of insider trading by prominent members of Congress hit new highs when as we reported at the time a "Prominent Tennessee Senator Fails To Disclose Millions In Hedge Fund, Real Estate Investments." The politician in question, Tennessee republican Senator Bob Corker, who according to Roll Call was recently the 23rd richest member of Congress

… and the company under focus: a Tennessee-based REIT, CBL & Associates.

As a reminder, last November, the Campaign for Accountability (CFA), a D.C. watchdog, called for an SEC and ethics investigation of Corker in connection with his family's trading in shares of CBL & Associates (a REIT based in Tennessee). According to CFA, between 2008 and 2015, Sen. Corker, his wife and daughters made an astonishing 70 trades of stock in the real estate investment giant CBL & Associates Properties – more than triple the number of transactions he made of any other stock. Some of the trades closely preceded company announcements that led to changes in the stock’s price and seemingly resulted in the senator making millions of dollars.

CfA Executive Director Anne Weismann stated, “Sen. Corker’s trades followed a consistent pattern — he bought low and sold high. It beggars belief to suggest these trades – netting the senator and his family millions – were mere coincidences.”

As the Wall Street Journal has reported, Sen. Corker failed to report numerous trades of CBL stock. Federal law requires members of Congress to report stock trades and file reports disclosing their assets. Many of Sen. Corker’s profitable trades were made in advance of his broker, UBS, issuing reports impacting CBL’s trading price.

Sen. Corker then amended his filings to reveal a 2009 purchase of between $1 and $5 million of CBL stock, sold just five months later in 2010 at a 42% profit. Similarly, Sen. Corker made purchases worth between $3 and $15 million in 2010 and, just after his last trade, UBS said it was upgrading its outlook. The stock went up 18%. Shortly thereafter, Sen. Corker began selling; a week later, UBS downgraded the stock and the share price soon declined about 10%.

As the CBA also…
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Why Cheap Shale Gas Will End Soon

By Arthur Berman of OilPrice.com

Enthusiasts believe that shale gas is simultaneously cheap, abundant and profitable thus defying all rules of business and economics. That is magical thinking.

The recently released EIA Annual Energy Outlook 2016 sparkles with pixie dust as it forecasts almost unlimited gas supply at low prices out to 2040 and beyond. Exuberant press reports herald a new era of LNG exports that will change the geopolitical balance of the world and make America great again.

But U.S. shale gas production is declining because of low prices and shale gas companies are in deep financial trouble because in the real world, price and cost matter. That is not magical.

First Quarter 2016 Financial Performance

The financial performance of shale gas-weighted E&P companies in the first quarter of 2016 was a disaster.

Chesapeake Energy, the biggest shale gas producer in the world, had negative cash from operations. That means that oil and gas sales didn’t even cover operating costs much less capital expenditures like drilling and completion.

Other shale gas-weighted companies including Anadarko, Comstock and Petroquest also had negative cash from operations. Goodrich and Sandridge are in bankruptcy and Exco and Halcon will soon follow. Ultra, Forest, Quicksilver, Swift and Talisman were lost in action last year.

On average, surviving companies out-spent cash flow by two-to-one both in 2015 and 2016 but many normally strong companies greatly increased negative cash flow this year (Figure 1).

Figure 1. First quarter 2016 and full-year 2015 shale gas E&P company capex-to-cash flow ratios. Source: Google Finance and Labyrinth Consulting Services, Inc.

Devon Energy has been cash-flow neutral through much of the shale gas revolution but disturbingly increased capex-to-cash flow 5-fold in the first quarter of 2016. Similarly, Southwestern Energy has had an excellent record of near-cash flow neutrality but doubled its negative cash flow in 2016.

The debt side of first quarter earnings is far more disturbing. The average debt-to-cash flow ratio for shale gas companies increased almost 4-fold to more than 7, up from less than 2 in 2015 (Figure 2).

Figure 2. First quarter 2016 and full-year 2015 shale gas E&P company debt-to-cash flow ratios. Source:
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‘Confidential’ Memo in the Hedge Fund Battle for Freddie and Fannie Comes Out of Hiding

Courtesy of Pam Martens.

Hedge Fund Titan, John Paulson

Hedge Fund Titan, John Paulson

There’s a lurking memo among government documents concerning the government takeover of Fannie Mae and Freddie Mac during the 2008 financial collapse on Wall Street that undermines the raging media propaganda wars now taking place. But first some necessary background. 

Similar to Judith Miller’s shilling for the Iraq war in the pages of the New York Times, which spread like an uncontrolled virus to other media, hedge funds that hope to reap billions of dollars in windfall profits in the preferred and common stock of Fannie Mae and Freddie Mac, which has continued to trade despite the government takeover, have set up a Machiavellian plot to get high-priced media real estate on board their scheme. Mainstream media as well as alternative media (that should know better) have taken the bait — hook, line and sinker.

Two writers at the Wall Street Journal have functioned as Diogenes in this churning sea of propaganda: John Carney and Joe Light. Carney has brilliantly and cogently explained why it “would take decades” to build adequate capital at Fannie and Freddie and set them free from the September 2008 conservatorship under which the U.S. government placed them in an effort to save the rest of the financial system. Joe Light has done yeoman’s work in laying bare the lengths to which hedge fund titans like John Paulson (already bathed in shame for his scurrilous acts with the vampire squid) are willing to go to push their greed agenda with Fannie and Freddie’s stock. See here and here.

Wall Street On Parade has also attempted to open the public’s eyes to the continuing dangerous exposure to derivatives at Fannie and Freddie and the Wall Street mega bank beneficiaries that continue to gorge on billions of dollars of payouts on these derivatives.

Yes, there are plenty of secrets the U.S. government is keeping from the public about Freddie and Fannie, just not the ones the hedge funds are trying to sell to the courts and an increasingly gullible media. Many of the hedge funds and other investors who have taken arguments to court that they are being treated unfairly by the government bought the Fannie and Freddie stocks after the share prices had collapsed and simply want to…
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The Choice For Venezuela Is Stark: Print Money & Fail Or Establish Sound Money

Courtesy of Charles Hugh-Smith, Of Two Minds

There are a number of reasons why adopting the USD is a natural choice for any Venezuelan government that is not bent on self-destruction.

Let's start our analysis of Venezuela's economic plight with two exhibits: Exhibit A is a chart of the market (free) exchange rate of the Venezuelan Bolivar and the U.S. dollar (USD), and Exhibit B is a chart of the USD.

Back in 2003, when the writing was already on the wall, one USD bought 1.6 Bolivars. Today, it takes over 1,000 Bolivars to buy one U.S. dollar. Though the official rate is 10 Bolivars to one USD for subsidized goods and 416 to the USD for everything else, the street exchange rate is 1,050 Bolivars to the dollar.

(The official exchange rate has multiple levels, creating multiple layers of confusion and opportunities for graft/corruption.)

While Venezuela's currency was in a free-fall to oblivion, a fundamental revaluation of the U.S. dollar pushed the USD up about 20% in the past two years.

Once a currency is mortally wounded, the government has a stark choice: either print more money and try to stimulate a dying economy by spending the fast-depreciating money, or relinquish the dead currency and establish a sound currency that will attract capital to the country's economy.

There are only two paths: either the state/central bank creates or borrows money into existence in an attempt to "print and deficit-spend our way to prosperity," or the state accepts sound money that it cannot print or borrow into existence. This stability soon attracts private capital.

If the state/central bank attempts to create capital by printing or borrowing money into existence, private capital will flee because the writing is on the wall: the currency and economy are doomed. You can create currency out of thin air, but you can't create sound money out of thin air or real capital out of thin air.

If the state/central bank surrenders the money-printing press, and accepts the limitations of a currency it can't print into hyper-inflation, then private capital will enter the economy because it can trust that the currency can't be devalued by politicos or the central…
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Will a $15/hr minimum wage “unleash the robot rebellion”?

 

Photo licensed under CC BY-NC-SA 2.0 by Drpoulette

Ed Rensi, an Ex-McD CEO, insists that a "$35,000 robotic arm" is cheaper than hiring and training employees. According to Rensi, replacing employees with robots is cheaper - for McDonald's. Of course, the move to robotics is not necessarily "cheaper" for everyone else – e.g., taxpayers – who will ultimately absorb the expenses that McDonald's shifts off its books. 

For purposes of argument, I'm accepting: 1) Robots are cheaper, and will probably continue to get cheaper. 2) Higher minimum wages will increase the incentive to replace human employees with robots. 3) Eventually, greater numbers of people will be out of work. 4) The government will need to step in to provide a greater amount of public assistance. 5) The government will likely need to raise taxes or borrow more money to increase funding to various public assistance programs such as Medicaid/CHIP (Children’s Health Insurance Program or Children’s Medicaid), TANF (Temporary Assistance for Needy Families), EITC (Earned Income Tax Credit), and SNAP (Supplemental Nutrition Assistance Program or Food Stamps). 

The result: we have an intractable problem for which there are no easy answers. Jean Luc concludes,

"Can't have the little people make too much money or we will unleash the robot revolution." 

I think the robot revolution is coming either way. 

Building robot McDonald's staff 'cheaper' than hiring workers on minimum wage

By 

A former McDonald's CEO warned that robots will take over staff jobs at the fast food empire – because it's cheaper than employing humans.

Ed Rensi has said that buying highly skilled robotics is a cheaper alternative than employing people on minimum wage to work in the company's worldwide restaurants.

He warned that huge job losses are imminent, and commented that it would be 'common sense' to replace humans in the workplace.

This comes as a study into the future of human employment has predicted a surge in machine-led work such as robotic counsellors, body part makers and virtual lawyers.

The worrying research, by professor of


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Brexit: Wrong Discussion, Wrong People, Wrong Arguments

Courtesy of The Automatic Earth.


G.G. Bain Immigrants arriving at Ellis Island, New York 1907

There’ve been a bunch of issues and topics on my -temporarily non-writing- mind, and politics, though as I’ve often said it’s not my preferred focus, keeps on slipping in. That’s not because I’ve gotten more interested in ‘the game’, but because the game itself is changing in unrecognizable fashion, and that is intricately linked to subjects I find more appealing.

For instance, in the past few days, I’ve read Matt Taibbi’s epos on the demise of America’s Republican Party in R.I.P., GOP: How Trump Is Killing the Republican Party, and Shaun King on a similar demise of the Democrats in Why I’m Leaving the Democratic Party After This Presidential Election and You Should Too, and both make a lot of sense.

But I think both also miss out on the main reason why these ‘demises’ are happening. In my view, it’s not enough, not satisfactory, to talk about disgruntled voters and corrupt politicians and the antics of Donaldo, and leave it at that. There is something bigger, much bigger, going on that drives these events.

But that I will explain in a later article (soon!). Right now, I want to address another piece of the same pie (though it’s perhaps not obvious that it is): the Brexit ‘discussion’ in Europe. A May 11 piece by ex-World Banker Peter Koenig provides as good a starting point as any:

The Collapse of the European Union: Return to National Sovereignty and to Happy Europeans?

Imagine – the EU were to collapse tomorrow – or any day soon for that matter. Europeans would dance in the streets. The EU has become a sheer pothole of fear and terror: Economic sanctions – punishment, mounting militarization, the abolition of civil rights for most Europeans. A group of unelected technocrats, representing 28 countries, many of them unfit to serve in their own countries’ political system, but connected well enough to get a plum job in Brussels – are deciding the future of Europe. In small groups and often in secret chambers they decide the future of Europe.

Koenig makes much work of connecting what’s bad about the EU, to the TTiP and TiSA trade deal negotiations. And though the TTiP deal…
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Headlines to Ponder: ECB Warns of Populist Risk; French Authorities Raid Google

Courtesy of Mish.

What’s the real populist risk: Donald Trump and Nigel Farage?

How about the ECB, the European Commission, and the French authorities?

Perhaps a few headline stories can help answer the question.

ECB Warns of Populist Risk to Financial Stability

The Financial Times reports ECB Warns of Populist Risk to Financial Stability.

The ECB said in the latest edition of its twice-yearly Financial Stability Review that a rise in political risk “pose[s] a challenge to fiscal and structural reform implementation and, by extension, public debt sustainability”.

The report was published a day after Norbert Hofer of Austria’s Freedom party narrowly failed to become Europe’s first far-right head of state since the second world war, falling short in the country’s presidential election by just over 30,000 votes.

Years of high unemployment and weak growth have contributed to the rise of populist anti-establishment parties in many parts of the region, including the far-right National Front in France and Spain’s leftwing Podemos party. In some countries, such as Austria, the rise of the populist right also comes in the wake of an unprecedented surge of migrants.

French Authorities Raid Google

Also from the Financial Time front page, please consider Google’s Paris Offices Raided by French authorities in Tax Probe.

French prosecutors have turned up the heat in the spreading European tax war against US tech giants, with an early-morning raid on Tuesday on Google’s Paris office.

The raid involved 25 data experts and was part of a preliminary investigation into aggravated tax fraud opened in June last year, the French authorities said.

France’s aggressive stance comes in stark contrast to the tax accommodation that Google struck with the UK earlier this year. Though the UK is the internet company’s second-biggest market, it reached a settlement that will require it to pay only an extra £130m in back taxes dating back to 2005, an amount that was condemned as a “sweetheart deal” by the opposition Labour party.

In a statement, the French financial prosecutor’s office said: “The investigation aims to verify whether Google Ireland Ltd has a permanent base in France and if, by not declaring parts of its activities carried out in France, it failed its fiscal obligations, including on corporate tax and value added tax.”

The dispute revives a long-running French attempt


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Asian Stocks Mostly Higher On ‘Limited News Flow,’ European Stocks Follow The Lead

Courtesy of Benzinga.

Asian Stocks Mostly Higher On 'Limited News Flow,' European Stocks Follow The Lead

Asian stocks closed mostly higher on Wednesday after U.S. equities posted strong gains on Tuesday.

“Asian markets have had limited news flow to deal with today,” Chris Weston, chief market strategist at spreadbetter IG told CNBC. “The bold moves [today] are a reflection of the belief that the global economy is actually not so shabby.”

Hong Kong’s Hang Seng index surged higher by 2.71 percent, India’s Mumbai Sensex index gained 2.28 percent, Japan’s Nikkei gained 1.57 percent, Australia’s ASX index gained 1.40 percent and Taiwan’s TSEC index gained 1.15 percent.

China’s Shanghai Composite index gave up early morning gains and closed lower by 0.23 percent.

Find out what’s going on in today’s market and bring any questions you have to Benzinga’s PreMarket Prep.

European stocks were also mostly higher with more than four hours of trading remaining.

Greece struck a deal with eurozone finance ministers and the International Monetary Fund in which the country will receive 10.3 billion euros in new loans, beginning with a 7.5-billion-euro installment as soon as the bottom half of June.

The Athens Stock Exchange General Index was trading higher by 0.74 percent, but still lagged the major indices. Germany’s DAX index gained 1.22 percent, France’s CAC index gained 0.99 percent and the UK’s FTSE index was higher by 0.62 percent.

Oil prices jumped higher as well Wednesday morning after the U.S. government’s data pointed to a sharp fall in oil inventories.

Brent crude futures and U.S. WTI crude futures each gained more than $0.50 to trade at $49.19 and $49.18 a barrel, respectively.

Posted-In: Asian StocksNews Eurozone Commodities Forex Global Pre-Market Outlook Markets Best of Benzinga





Tiffany 1Q Profit Drops 17.1%, Revenue Misses, Offers Downbeat Forecast

Courtesy of Benzinga.

Tiffany 1Q Profit Drops 17.1%, Revenue Misses, Offers Downbeat Forecast

Tiffany & Co. (NYSE: TIF) announced 17.1 percent drop in profit for the first quarter, hurt by the 7 percent fall in worldwide net sales dragged down by comparable store sales of 9 percent. As a result, its adjusted earnings and revenue fell short of the Street predictions. The company also provided downbeat guidance for the full year. Following this, the shares of the company tanked more than four percent in the pre-market trading.

The company reported net earnings of $87 million, down 17.1 percent from $105 million while earnings fell 14.8 percent to $0.69 per share from $0.81 a share in the year-ago quarter. The latest quarter results included a tax benefit of $0.05 per share related to the settlement of a tax examination. Excluding the gain, it would have earned only $0.64 a share, which meant that earnings missed by $0.04 shares from the Street analysts’ estimations of $0.68 a share.

Tiffany said that worldwide net sales fell 7 percent to $891 million from $962.4 million in the previous year quarter. Street analysts predicted the company to generate $910.15 million. Its comparable store sales dropped 9 in the first quarter.

Related Link: Tiffany CFO Ralph Nicoletti To Resign

The company’s CEO, Frederic Cumenal, said, “As expected, this was a difficult quarter in terms of both sales and earnings growth. We faced numerous challenges, including continued pressure from foreign tourist spending in Europe, the U.S. and Asia, particularly in Hong Kong. However, we are continuing to take actions that are intended to strengthen sales growth with local customers in the U.S. and around the world.”

He continued, “From a strategic perspective, we believe that our initiatives will enhance our ability to provide our customers with extraordinary products and experiences and ultimately contribute to improved financial results. We remain focused on generating sustainable long-term sales and earnings growth.”

Moving ahead, Tiffany said that it expects earnings to drop by a mid-single-digit percentage from last…
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Expect the Unexpected

 

Expect the Unexpected

Courtesy of 

I repeat this Jeff Gundlach quote a lot because I love it and it constantly applies to something: “Whenever you hear people in the investment business say ‘Never’, that’s when you know it’s about to happen.”

The Dow is 2.6% away from record highs now that we’re through the fairly lousy earnings season. The SPX is even closer, just 2% away. There’s no reason. Anything can happen.

We’re getting a really great reminder of this every night, courtesy of the NBA East and West finals. Golden State barely lost a game in the regular season and pretty much manhandled their opponents in the first...



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Zero Hedge

France Goes Dark? Staff In 19 French Nuclear Power Plants To Go On Strike Tomorrow

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Following strikes over the unpopular French labor reform, that started over the weekend and crippled the French refining industry leading to gasoline shortages and rationing, things are about to get far more serious for the country whose economy has already been threatened with a sharp slowdown as a result of a relentless wave of labor unrest. According to Reuters, staff in France's 19 nuclear plants - which by definition we assume is essential -...



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Chart School

49 Years of Income and Home Values

Courtesy of Doug Short's Advisor Perspectives.

Often conversations about home buying end up in discussions on the high cost of homes today and their affordability – or lack thereof.

We decided to take a look at the long-term trends in home prices in comparison to income and found that incomes have been stagnant since the early 1970s, while home prices have risen dramatically in comparison.

In order to analyze income, we have used the Middle Quintile for households, which is the middle 20% of all households adjusted for inflation, with 2014 as our base year. The Census Bureau, our source for income data, began publishing annual reports for gross household incomes in 1967. For median home prices, our source is the American Household Survey, wh...



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Kimble Charting Solutions

S&P 500- Bull Flag potentially in play, breakout about to happen?

Courtesy of Chris Kimble.

Has the S&P 500 formed a “Bullish Flag Pattern” and making an attempt to breakout? Possible. If you are not familiar with the pattern, see more details HERE.

CLICK ON CHART TO ENLARGE

Unless one lives under a rock, you are well aware that that bulls nor bears have anyth...



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ValueWalk

CfA Statement on the FBI and SEC Investigation of Sen. Bob Corker

By Jacob Wolinsky. Originally published at ValueWalk.

OR IMMEDIATE RELEASE: May 25, 2016

Contact: Daniel Stevens, 202.780.5750, dstevens@campaignforaccountability.org

WASHINGTON D.C. – On Tuesday, The Wall Street Journal reported that the FBI and the SEC are investigating Sen. Bob Corker (R-TN) for his lucrative stock trades of real estate investment giant CBL Associates Properties, a real estate company based in Chattanooga, Tennessee.  Federal officials...



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Market News

Breaking News And Best Of The Web - May 25

Courtesy of John Rubino.

Central banks likened to pornographers. Greece, believe or not, is still getting bailed out, and China is apparently next. US corporate share buybacks are starting to peter out. Japan lobbies for bigger deficits around the wold. Sprott’s Rick Rule how and why the gold bull market is for real, while precious metals continue correcting. Look for next week’s COT report to be a lot more positive. Pensions are back in the news, and the numbers are as usual very bad. Doug Noland on why the Fed probably can’t raise rates in June — or ever.

Best Of The Web

Gold: Intelligentsia – you’re fired! – 321Gold

...



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OpTrader

Swing trading portfolio - week of May 23rd, 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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Digital Currencies

The Biggest Bitcoin Arbitrage Ever?

Courtesy of Chris at CapitalistExploits

Do you remember when you were growing up and all your friends were allowed Atari game consoles but you weren’t?

Well, I do and the things seemed as foreign to me as Venus. Mostly because the little time I managed to spend on the gaming consoles when my friends weren’t hogging them I found it all a bit silly. I never “got” computer games, and to this day still have poor comprehension of things like Angry Birds.

I suspect that many people around the world view Bitcoin in the same way as I view Angry Birds: with mild amusement and a general lack of understanding as to what the hell all the fuss is about.

I was thinking of this since a buddy of mine recently started ...



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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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Biotech

This Is Why Biotech Stocks May Explode Again

Reminder: Pharmboy and Ilene are available to chat with Members.

Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.

This Is Why Biotech Stocks May Explode Again

By 

Excerpt:

After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.

...



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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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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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