Guest View
User: Pass: | become a member
Archive for the ‘Phil’s Favorites’ Category

Where Two Strangers Never Meet: Self-Serving Bias

Where Two Strangers Never Meet: Self-Serving Bias

Courtesy of Tim of The Psy-Fi Blog (originally published Mar. 28, 13)

"If you can meet with Triumph and Disaster, and treat those two strangers just the same"

IF … Rudyard Kipling

Problematic Pronouns

 
We all probably know someone who believes that their successes are entirely down to their own levels of skill and whose failures are someone else’s fault.  To some extent most of us will meet them in the mirror each morning. This is self-serving bias in action. As Donelson Forsyth explains it:

“Those told they failed attribute performance to such external factors as bad luck, task difficulty, or the interference of others, and those told they succeeded point to the causal significance of such internal factors as ability and effort.”

Now, what do you think will happen to a corporation if you put someone with a bad case of self-serving bias in charge?  Beware the CEO with a bad case of the personal pronouns, that’s what I say. And let's not talk about global warming.
 
Driven To Fail
 
Apocryphally most drivers believe that they’re above average, a statistical impossibility.  In fact, as Ola Svenson showed in Are We All Less Risky And More Skilful Than Our Fellow Drivers? it appears to be a rare apocryphal "fact" which happens to be true:

“In the US sample 93% believed themselves to be more skillful drivers than the median driver and 69% of the Swedish drivers shared this belief in relation to their comparison group. “

Generally we have an unduly positive image of ourselves, and we gravitate towards activities at which we’re naturally good, rather than those which we’re bad at; which reinforces our self-perception. Self-serving bias (otherwise known as self-serving attribution bias, or SAB) would seem to arise quite naturally from this bias to the positive.  And, frankly, given all the crap we have to put up with most of the time if we don’t believe in ourselves we’d probably drown in misery.
 
Normal, Sad and Dangerous To Know
 
Unfortunately a perfectly natural bias to the positive gets taken to the extreme in some people and people with a


continue reading





Revealed: Gov. Christie pleads pension poverty while handing huge subsidies to his major political donors

 

Revealed: Gov. Christie pleads pension poverty while handing huge subsidies to his major political donors

By  at Pando Daily

Yesterday, New Jersey Gov. Chris Christie (R) made headlines by slamming his state’s legislators for supposedly paying police and firefighters too much.

“They want to give away more of your money,” thundered Christie.

The irony of the complaint coming from Christie is strong. The Christie administration has been spending record amounts of taxpayer money on corporate subsidies at the exact same time as he claims New Jersey doesn’t have enough money to make required public pension payments.

In short, Christie is using money that should be going to fulfill pension promises to instead pay for large corporate gifts – and not just random gifts, either. A Pando analysis of campaign finance data has found that Christie is giving those huge taxpayer-financed corporate subsidies to some of his major political benefactors.

Looting pensions to pay for gifts to campaign donors

In 2012, a year after Christie pled poverty to justify skipping a pension payment, his New Jersey Economic Development Authority passed a $210 million tax subsidy for insurance firm Prudential. The Authority is chaired by Christie appointee and former utility executive, Al Koeppe, and, as of 2012, its chief of staff is Christie’s top aide, Michele Brown.

Keep reading Revealed: Gov. Christie pleads pension poverty while handing huge subsidies to his major political donors | PandoDaily.





Debt Rattle Apr 18 2014: When Men Travel First Class And Literature Goes As Freight

Courtesy of The Automatic Earth.


Isabel Steva Hernandez (Colita)/Corbis Gabriel García Márquez 1975

There are times when time needs to stand still for a seemingly fleeting moment that lasts until the end of time. Yesterday was such a time. But it didn’t happen. Nothing stood still. News was slow coming in, and trickled on as the hours passed, to reach a minor crescendo later, that the world’s greatest living writer had died. And I know it’s because I’m an incurable romantic (I know because incurable romantics are not that stupid) that I feel that way. The lack of attention and respect and mourning to me means there are not nearly enough incurable romantics left in the world, or if they’re there, they must be hiding somewhere.

Because if you ask me, at a time like this, wars should be halted, armistices announced, enemies should become friends, shake hands, kiss and put their arms around each other’s shoulders, entire nations of mothers and daughters should be weeping in unending parades swaying down the streets of the cities, economies should come to an abrupt standstill and all workmen lay down their tools, newspapers should publish multiple extra editions to be sold on street corners, radio and TV shows should be interrupted so popes and presidents alike can urge their people in special bulletins to pray for the souls of both the deceased and those left behind, and join them, and each other, in mourning the loss to humanity, in paying reference to, and being grateful to the heavens for, the bigger than life talent that once walked among them and the riches that were bestowed upon them, be thankful for the world being a better place because of it.

That’s how I think the great men of the world should be mourned. But none of it did happen. The world, even as it has greatly increased both its sheer numbers of communications media and the speed at which they travel, doesn’t seem to be capable of recognizing greatness anymore. Between the fight for material wealth, 24 hour reality TV, propagandistic news shows and a constant adulation of billionaires and botox-enhanced semi-humanoid lifeforms, something has gotten lost: the ability to see what really makes life worth living. Those who’ve never read Gabriel García Márquez, or have long forgotten, will claim they can…
continue reading





BP Manager In Charge of Cleaning Up Gulf Oil Spill Dumped $1 Million In BP Stock Before the Spill’s Severity Became Known

BP Manager In Charge of Cleaning Up the Gulf Oil Spill – Instead of Actually Cleaning Up – Committed Insider Trading and Sold $1 Million of BP Stock Before the Extent of the Spill Became Public Knowledge

Courtesy of George Washington.

The Securities and Exchange Commission announced today:

The Securities and Exchange Commission today charged a former 20-year employee of BP p.l.c. and a senior responder during the 2010 Deepwater Horizon oil spill with insider trading in BP securities based on confidential information about the magnitude of the disaster.  The price of BP securities fell significantly after the April 20, 2010 explosion on the Deepwater Horizon rig, and the subsequent oil spill in the Gulf of Mexico, resulted in an extensive clean-up effort.

According to the SEC’s complaint, filed in U.S. District Court for the Eastern District of Louisiana, BP tasked Keith A. Seilhan with coordinating BP’s oil collection and clean-up operations in the Gulf of Mexico and along the coast.  Seilhan, an experienced crisis manager, directed BP’s oil skimming operations and its efforts to contain the expansion of the oil spill

The complaint alleges that within days, Seilhan received nonpublic information on the extent of the evolving disaster, including oil flow estimates and data on the volume of oil floating on the surface of the Gulf.

Seilhan sold his family’s BP securities after he received confidential information about the severity of the spill that the public didn’t know,” said Daniel M. Hawke, chief of the Division of Enforcement’s Market Abuse Unit.

***

The complaint alleges that by April 29, 2010, in filings to the SEC, BP estimated that the flow rate of the spill was up to 5,000 barrels of oil per day (bopd).  The company’s public estimate was significantly less than the actual flow rate, which was estimated later to be between 52,700 and 62,200 bopd.  The information that Seilhan obtained indicated that the magnitude of the oil spill and thus, BP’s potential liability and financial exposure, was likely to be greater than had been publicly disclosed.

According to the complaint, while in possession of this material, nonpublic information, and in breach of duties owed to BP and its shareholders, Seilhan directed the sale of his family’s entire $1 million portfolio of


continue reading





Canary In the Yen Shaft: $10 trillion JGBs; No Bids!

Two guest authors, David Stockman and long-time contributor John Rubino, write about the current state of Abenomics. 

Canary In the Yen Shaft: $10 trillion JGBs; No Bids!

Banksy in Detroit

By  

This one matters a lot. Abenomics was predicated on a lunatic notion—namely, that the economic ills from Japan’s massive debt overhang could be cured by a central bank bond buying spree that was designed to be nearly 3X larger relative to its GDP than that of the Fed. Yet anyone with a modicum of common sense and market experience long ago recognized that such a massive, artificial bid from the central bank would drastically deform the world’s second largest government bond market—turning portfolio managers into compliant fellow travelers at first, and then eventually driving them out of the market completely as the BOJ swallowed up the supply of bonds.

Now it has happened. For nearly two days there was not a single cash bid for the eponymous 10-year JGB in what is a $10 trillion market. That means at least for the moment, liquidity has dried-up and gone completely missing. As one trader put it:

“Everybody thinks the market is not going to move for the time being because of the purchase by our dear customer, the BoJ…”.

Nothing could be more fraught with danger than to see the most massively indebted government on the planet destroy its own bond market in pursuit of the very Keynesian doctrine that every major central bank is today practicing. Yet that is exactly what the world class fools running Japan Inc.—at least for the moment—are on the way to accomplishing. Essentially, Abenomics has turned what remained of the Japanese bond market into a cowering covey of survivors waiting for doomsday:

“I know this could end badly. But if you are in this market, you will have no choice but to buy,” Daiwa SB’s Okuhara said.

But here’s the thing. Prime Minister Abe has not been laughed out of the G-7 for being the economic dunce that he actually is. Indeed, his fellow dimwit at the IMF, Christine Legarde, has actually praised him for his perspicacity and courage. Given this kind of leadership in the global monetary system it might be wondered how the VXX remains pinned down at nearly all-time lows. The answer apparently is that the tables at our monetary Jonestown are now getting…
continue reading





The Best of TRB 2014 – Investing and Psychology

 

The Best of TRB 2014 – Investing and Psychology

Courtesy of 

This week I’m in Disney World with the family, our first proper vacation all together in years. As such, I’m off the grid and away from computers of any kind (I’m trying to stay married, you guys). But while I’m gone, I’ve left you some stuff to catch up on…

These were the biggest posts – as read and shared by you – during the first quarter of this year. The theme of today’s collection is good investing and understanding the psychological forces at work when we commit capital. No matter how long I’m doing this for a living, I will always consider myself to be a student of this stuff. I don’t think anyone should be ashamed to admit that they’re still learning to become better investors everyday, even while being proud of how far they’ve come. Namaste. – JB

***

Leaving CAPE Town 

8 Things I Learned from Warren Buffett this Weekend

Rule Number One: Don’t Blow Up

The “Easy Money” Myth

A man and his signals

The Best and Worst Thing About Investing

Flows Don’t Follow Value, They Follow Performance

Nonsense Forecasts

 





Big Blue: Stock Buyback Machine On Steroids

 

Big Blue: Stock Buyback Machine On Steroids

Courtesy of David Stockman of Contra Corner

The Fed’s financial repression policies destroy price discovery and honest capital markets. In the process these deformations turn financial markets into casinos and corporate executives into prevaricating gamblers. To be specific, most CEOs of the Fortune 500 are no longer running commercial businesses; they are in the stock-rigging game, harvesting a mother lode of stock option winnings as the go along.

Those munificently rising stock prices and options cash-outs owe much to the Fed’s campaign to suppress interest rates and fuel stock market based ”wealth effects”, but the CEOs are doing their part, too. They have become full-time financial engineers who use the Fed’s flood of liquidity, cheap debt and soaring stock prices to perform a giant strip-mining operation on their own companies.  That is, through endless stock buybacks and M&A maneuvers they create the appearance of “growth” while actually liquidating the balance sheet equity and future asset base on which legitimate earnings growth depends.

The poster boy for this deformation is IBM which for all intents and purposes has become a stock buyback machine on steroids. It had a bad hair day yesterday, reporting still another year/year decline in sales, but that goes right to the heart of the matter. During the last seven years IBM has been a stock traders dream, climbing an almost picture perfect chart from $94 per share in March 2007 to a recent peak of $212.

But as shown below, those gains had nothing to do with what has been a historic ingredient of stock appreciation—-namely, expansion of its asset base and revenues. In fact, sales revenues in Q1 2014 clocked in at virtually the same number as Q1 2007:

So how has IBM and its ilk achieved revenue-less earnings growth? After all, reported EPS has gone from about $7 per share to $15 during the period. The short answer is that its executives and board have utilized every accounting and financial engineering short-cut in the book to disguise an equity liquidation campaign as a splendid strategy for “growth”.

During the 7-years ending in 2013 IBM booked about $100 billion in net income, and spent virtually every single penny on share buy backs. So the once and former king of the…
continue reading





The 10 Most Horrifying Fast Food Gimmicks of All Time

What have we got here? There's KFC's Double Down (calorie-wise, the "Double Up"); The McRib (the McPigParts, a restructured meat product shaped into ribs); Specialty Chicken (it's a pizza crust, no really); the Waffle Taco, because anything can be breakfast, or a taco; Dunkin Donut's Doughnut Bacon Sandwich; the Doritos Locos Taco (Taco Bell's most successful menu item of all time!); the 773-calorie Bacon Milkshake; the Bacon Sundae; the Drumstick Corsage (for prom night, strap one of these lovely things to your wrist to make you smell good); and the Hot Dog Stuffed Crust Pizza (available at Pizza Hut in the UK, thankfully not in the US).

The 10 Most Horrifying Fast Food Gimmicks of All Time

By Lindsay AbramsSalon

It was incredible, really, that no one ever thought to do it before: a chicken sandwich in which the bread is replaced with chicken. A “stunt food“? Sure. A “new low“? Almost definitely. It was all those things and more, which is why KFC managed to sell 10 million in about one month’s time when the Double Down first appeared in 2010.

Now it’s back, according to an “exclusive” from USA Today. Starting April 21, the Double Down is once again appearing for a limited run on KFC’s menus. And it’s in good — or, if you’d prefer, atrocious — company.

Despite the claims they occasionally make about striving for health, we all know fast food companies aren’t really looking for approval. Let’s face it, getting called out for their disgusting innovations is exactly the reaction they’re hoping for when they introduce a gimmick. Then, they’re hoping people try it, usually just “as a dare,” and they know plenty of people are going to like it.

But looked at as a whole, the very worst fast food has to offer is almost too much to handle:

The McRib

McDonald's iconic contribution to fast food gimmickry: a patty of pig parts molded into the shape of ribs and presented in the form of a sandwich. The only mystery more enticing than what, exactly, the McRib is made of is the eternal question of when and where it's going to reappear. This ugly photo of an (alleged) raw McRib may have ruined the magic for some, but for plenty of others, it only confirmed that they were


continue reading





Ukraine Talks End in Accord; What About the Key Missing Player?

Courtesy of Mish.

Bloomberg reports Treasuries Fall Most in a Month as Ukraine Talks End in Accord

Treasuries fell, pushing 10-year note yields up the most in a month, as talks on the crisis in Ukraine ended with an accord aimed at de-escalating the conflict, damping haven demand.

Talks in Geneva between Russian Foreign Minister Sergei Lavrov, his Ukrainian counterpart, Andriy Deshchytsia, U.S. Secretary of State John Kerry and Catherine Ashton, the European Union’s foreign-policy chief, went on for more than six hours, longer than scheduled.

“The Geneva meeting on the situation in Ukraine agreed on initial concrete steps to de-escalate tensions and restore security for all citizens,” the four said in a joint statement. “All sides must refrain from any violence, intimidation or provocative actions.”

Text of the Joint Statement

Here is the complete Text of Joint Statement on Ukraine

The Geneva meeting on the situation in Ukraine agreed on initial concrete steps to de-escalate tensions and restore security for all citizens.

All sides must refrain from any violence, intimidation or provocative actions. The participants strongly condemned and rejected all expressions of extremism, racism and religious intolerance, including anti-semitism.

All illegal armed groups must be disarmed; all illegally seized buildings must be returned to legitimate owners; all illegally occupied streets, squares and other public places in Ukrainian cities and towns must be vacated.

Amnesty will be granted to protesters and to those who have left buildings and other public places and surrendered weapons, with the exception of those found guilty of capital crimes.

It was agreed that the OSCE Special Monitoring Mission should play a leading role in assisting Ukrainian authorities and local communities in the immediate implementation of these de-escalation measures wherever they are needed most, beginning in the coming days. The U.S., E.U. and Russia commit to support this mission, including by providing monitors.

The announced constitutional process will be inclusive, transparent and accountable. It will include the immediate establishment of a broad national dialogue, with outreach to all of Ukraine’s regions and political constituencies, and allow for the consideration of public comments and proposed amendments.

The participants underlined the importance of economic and financial stability in Ukraine and would be ready to discuss additional support as the above steps are implemented.

Defusing the Conflict



Continue Here





Gold Forecast & How To Momentum Trade Gold Stocks

Gold Forecast & How To Momentum Trade Gold Stocks

Back on April 9, I posted a short tutorial on how to momentum trade gold along with my short term gold forecast.

I received great feedback from gold market traders taking advantage of my insights last week, so I created a follow-up video.

This video:

  1. shows how and why our strategy works better with gold stocks and silver stocks, and
  2. provides my short term gold forecast so we can stay on the right side of the market next week.

[Be sure to watch my major long term Gold Forecast also.]

 

 

Get My Gold Forecast & Gold Trade Alerts: www.TheGoldAndOilGuy.com

Sincerely, Chris Vermeulen Founder of Technical Traders Ltd. – Partnership Program





 
 
 

Phil's Favorites

Where Two Strangers Never Meet: Self-Serving Bias

Where Two Strangers Never Meet: Self-Serving Bias

Courtesy of Tim of The Psy-Fi Blog (originally published Mar. 28, 13)

"If you can meet with Triumph and Disaster, and treat those two strangers just the same" IF ... Rudyard Kipling Problematic Pronouns   We all probably know someone who believes that their successes are entirely down to their own levels of skill and whose failures are someone else’s fault.  To some extent most of us will meet them in the mirror each morning. This is self-serving bias in action. As Donelson Forsyth explains it: ...

more from Ilene

Chart School

Case Study: IBM Stock Buybacks and Debt Issuance

Courtesy of Doug Short.

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

There are a lot variables regarding IBM's debt issuance, maturation, servicing, and rollover that I simply do not have time to fact check. The reason for the IBM case study is not to be wholly accurate, but to place IBM's current stock buyback and debt issuance programs in context with abnormally low Fed fund rates today juxtaposed against a backdrop of higher future interest rates in 2017-2019 and the recent back up in Treasury yields at the short end of the yield curve as the Fed telegraphs a higher Fed funds rate sometime in 2015.

Why do this? Because we want to overlay IBM's stock buyback and Debt Issuance with the NY Fed models assuming "excess high returns" for the US stock market through 2018 and the GMO (G...



more from Chart School

Zero Hedge

Guest Post: Why The West's Financial Warfare Against Russia May Lead To The Real Thing

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Authored by Harold James, originally posted at European Voice,

The revolution in Ukraine and Russia's illegal annexation of Crimea have generated a serious security crisis in Europe. But, with Western leaders testing a new kind of financial warfare, the situation could become even more dangerous.

A democratic, stable, and prosperous Ukraine would be a constant irritant – and rebuke – to President Vladimir Putin's autocratic and economically sclerotic Russian Federation. In order to prevent such an outcome, Putin is trying to destabili...



more from Tyler

Insider Scoop

Rovi Announces Sale of MainConcept Businesses

Courtesy of Benzinga.

Related ROVI U.S. Court Of Appeals Sides With Amazon In Rovi Lawsuit Market Wrap For April 8: Markets Bounce Higher As Earnings Season Begins

Rovi Corporation (NASDAQ: ROVI), a global leader in entertainment discovery, announced it has entered into a definitive agreement to sell its DivX and MainConcept businesses. Rovi had previously announced its intent to sell the DivX and MainConcept businesses by the end of the second qua...



http://www.insidercow.com/ more from Insider

Market Shadows

Canary In the Yen Shaft: $10 trillion JGBs; No Bids!

Two guest authors, David Stockman and long-time contributor John Rubino, write about the current state of Abenomics. 

Canary In the Yen Shaft: $10 trillion JGBs; No Bids!

By  

This one matters a lot. Abenomics was predicated on a lunatic notion—namely, that the economic ills from Japan’s massive debt overhang could be cured by a central bank bond buying spree that was designed to be nearly 3X larger relative to its GDP than that of the Fed. Yet anyone with a modicum of common sense and market...



more from Paul

Option Review

Wild Ride For Chipotle

Shares in Chipotle Mexican Grill Inc. (Ticker: CMG) opened higher on Thursday morning, rising more than 6.0% to $589.00, after the restaurant operator reported better than expected first-quarter sales ahead of the opening bell. But, the stock began to falter just before lunchtime on concerns the burrito-maker will increase menu prices for the first time in three years. The price of Chipotle’s shares have since fallen into negative territory and currently trade down 3.5% on the session at $532.89 as of 1:50 p.m. ET.

Chart – Shares in Chipotle cool by lunchtime

...

more from Caitlin

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...

more from David

Sabrient

What the Market Wants: Positive News and Stocks at Bargain Prices

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Last week’s market performance was nasty again, especially for the Small-cap Growth style/cap, down 4%.  Large-caps faired the best, losing only 2.7%.  That’s ugly and today’s market seemed likely to be uglier today with escalating tensions over the weekend in Ukraine. 

But once again, positive economic trumped the beating of the war drums. Retail Sales jumped up 1.1% over a projected 0.8% and last month’s tepid 0.3%, which was revised up to 0.7%.  While autos led, sales were up solidly overall.  Business inventories were about as expected with a positive tone.  Citigroup (C) handily beat estimates to add to the morning’s surprises.  As a result, the market was positive through most of the day, led by the DJI, up 0.91%, and the S&P 500, up 0.82%.  NASDAQ had a less...



more from Sabrient

Digital Currencies

Facebook Takes Life Seriously and Moves To Create Its Own Virtual Currency, Increases UltraCoin Valuation Significantly

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

The Financial Times reports:

[Facebook] The social network is only weeks away from obtaining regulatory approval in Ireland for a service that would allow its users to store money on Facebook and use it to pay and exchange money with others, according to several people involved in the process. 

The authorisation from Ireland’s central bank to become an “e-money” institution would allow ...



more from Bitcoin

OpTrader

Swing trading portfolio - week of April 14th 2014

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

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

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

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

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



more from OpTrader

Stock World Weekly

Stock World Weekly

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

Here is the new Stock World Weekly. Please sign in with your user name and password, or sign up for a free trial to Stock World Weekly. Click here. 

Chart by Paul Price.

...

more from SWW

Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



more from Promotions

Pharmboy

Here We Go Again - Pharma & Biotechs 2014

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

Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.

And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference.  Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014?  The Biotech ETF beat the S&P by better than 3 points.

As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...



more from Pharmboy



FeedTheBull - Top Stock market and Finance Sites



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...

Learn more About Phil >>


As Seen On:




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.

Market Shadows >>