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Everything Looks Clearer… in the Rear View Mirror

Explaining Past Events is Safer than Predicting the Future

By Paul Price of Market Shadows

Brave souls who write about stocks always subject themselves to potential embarrassment if they take a stand on the future movement of their selected company. Including both a price target and a time horizon makes you accountable if things don’t go as predicted.

Rear-View Mirror

For that reason many media pundits much prefer to explain what’s already happened rather than sticking their necks out. They would rather justify the (supposed) reasons why a stock recently shot higher or detail the problems that caused shares to plummet.

You can never be wrong speaking about the past.

Boardwalk Pipeline Partners (BWP) offers a prime example of this phenomenon. The units of this master limited partnership (MLP) got hammered in February after the distribution rate was cut by more than 81%, from 53.25-cents quarterly to just 10-cents.

BWP bottomed intraday on March 14th at $11.99, down from a peak of $33 in 2013 and $25.82 as late as January 6, 2014. I didn’t see any articles warning investors to get out of BWP prior to that February plunge.

Names that have already reflected substantial bad news often rebound brilliantly. Did financial writers help people see the upside? Well-regarded research outfit Zacks made Boardwalk Partners its ‘Bear of the Day’ on April 11th as they called it a ‘Strong Sell’.

BWP - Zacks Bear of the Day

 

BWP Bear of the Day chart

Here are some excepts from the Zacks report. I highlighted areas that appeared to be good news for investors at that day’s price rather than reasons to sell. The actual language was from Zacks.

News already reflected

 Where is the bad news - BWP

On April 15, 2014 Market Watch chimed in with their negative piece on master limited partnerships in general and BWP, in particular.

BWP from MarketWatch  Apr. 15, 2014

They said, “…events at Boardwalk Pipeline Partners highlight the underlying risks and complexities in these investments, raising the question of whether these higher yields are really worth it.

Shares of Boardwalk lost nearly half their value in one trading session back in February after the company, which is based in Houston and operates 14,450 miles of natural-gas…
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10 Ways to Screw up Your Retirement

10 Ways to Screw up Your Retirement

By Dennis Miller

There are many creative ways to screw up your retirement. Let me show you how it’s done.

Supporting adult children. My wife Jo and I have friends with an unmarried, unemployed daughter who had a child. Our friends adopted their grandchild and are now in their late sixties raising a kid in grade school. The same daughter had a second child, and they adopted that one too. When she announced she was pregnant a third time, they finally said, “Enough! It’s time for a third-party adoption.”

Last time I spoke with them, their unemployed daughter and her boyfriend were living in their basement, neither contributing financially nor lifting a finger around the house. What began as a temporary bandage had become a permanent crutch. Our friends love their grandchildren; however, they’ve become bitter.

Jo and I also know of retirees who make their adult children’s car payments. I’m not talking about college-age kids; some of these “children” are close to 50. What’s their justification? “If we don’t make the payments, they won’t be able to go to work.” What I can’t grasp is how these adult children have iPads and iPhones, go on vacations, and do other cool things, but can’t seem to make their car payments.

You are not the family bank. There is generally a brief window of opportunity between children leaving the nest and retirement. Use it to stash away enough money to retire comfortably!

Ignore your health. I served on the reunion committee for my 50th high-school class reunion. We diligently tried to track down our classmates, but many had not lived long enough to RSVP to the party. The number of deaths from lung cancer and liver cancer were shocking. Many of those six feet under had been morbidly obese or simply never went to the doctor for checkups.

I know this sounds obvious, but your health choices really do affect how long and how well you live. Retiring only to become homebound because of health problems won’t be much fun.

Not keeping your retirement plan up to date. In the summer of 2013, the Employee Benefit Research Institute (EBRI) published a survey about low-interest-rate policies and their impact on both baby boomers…
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“Low Inflation has Positive Impact and Helps Spain’s Competitiveness” Says Economy Minister

Courtesy of Mish.

Luis de Guindos, Spain’s Economy Minister, sings the praises of low inflation.

Via translation from El Economista, please consider Economy Minister Says Deflation Has “Positive Impact”.

James Daniel, Spain’s mission advisor to the IMF, said that inflation close to zero in the country increases the burden of debt and real interest rates and difficult to reduce unemployment.

Daniel’s words contradict the perception Luis de Guindos, the Spanish Minister of Economy and Competitiveness, who also said today at a press conference that low inflation “is having a positive impact” and help the country’s competitiveness.

Guindos noted noted that, far from being a threat, “the low level of inflation is allowing Spain win competitiveness.”

However, he recognized that low inflation could become a “problem” if it lasts “long” and affects the process of deleveraging in the Spanish economy. The minister expects inflation to fluctuate in the coming months at around 0.5%.

Guindos had it correct until that last sentence. Low inflation, or deflation is never a problem. Rather the buildup of debt that cannot be serviced is the problem.

Since the buildup of debt is the problem, inflationary solutions that encourage people and businesses to expand debt cannot possibly be the solution.

Falling wages have had a positive effect on Spain’s competitiveness, so much so that France is bitching about the invasion of Spanish builders undercutting French firms in price.

For discussion, please see Deflation Will Return: Europe First, Then US; Global Supply Arbitrage.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com 



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Markets beginning price in US inflation stabilizing

Markets beginning price in US inflation stabilizing

Courtesy of SoberLook.com
 
As evidence continues to emerge that US labor markets are gradually healing and wage growth is starting to stabilize (see story), market participants are beginning to consider the possibility that inflation in the US has stabilized, albeit at low levels (see post). Other signals seem to pint in the same direction.

Outside of China-driven raw materials weakness, commodity prices are off the lows and rising, though remain at depressed levels relative to the past five years.

 
DJ UBS Commodity Index

Americans are starting to pay attention to rising prices, particularly as some of the more visible commodities such as coffee or gasoline become more expensive.
 

June 2014 gasoline futures (RBM14) (source: barchart)

This sentiment is reflected in the rising Google search frequency for the word "inflation" and will likely show up in the surveys such the UMichigan inflation expectations over the next few months.
 

Google Trends: search term "inflation"; United States search only

The markets are starting to take notice. The latest TIPS auction showed a sudden increase in investor demand.

Bloomberg: - The U.S. sale of $18 billion in five-year Treasury Inflation Protected Securities drew the strongest demand ever from a class of investors that includes foreign central banks. 

Indirect bidders bought 58.4 percent of the securities at the TIPS sale. That compared with an average of 42.3 percent at the past 10 auctions. The bid-to-cover ratio, which gauges demand by comparing the amount bid with the amount offered, was 2.7, matching the highest level since December 2012. The notes sold at a yield of negative 0.213 percent, below the negative 0.162 percent average forecast of five of the Fed’s 22 primary dealers in a Bloomberg News poll. 

“The stats were off the charts,” said Stanley Sun, a New York-based strategist at Nomura Holdings Inc., a primary dealer, said in a telephone interview.

The five-year breakeven rate (a rough measure of implied inflation expectations) jumped as a result.
 

Source: Ycharts


Clearly we've had these "false starts" in the past, just to end up staring in the face of disinflationary pressures. But this time conditions seem to be in place for a sustainable stabilization in the rate of inflation.

 





The United States’ Desperate Solutions For Not Sinking Alone

Courtesy of The Automatic Earth.


Jack Delano Farwell, Texas, at the New Mexico state line. March 1943

LEAP2020 is a European political/economic research institute that doesn’t shy away from volunteering opinions on the topics it researches, something that works both for and against it. It publishes a new GEAB (Global Europe Anticipation Bulletin) report every month. I thought I’d share the ‘public announcement’ of the April 2014 issue with you, because it provides a clear idea of what some people think is going on with regards to the US/EU involvement in Ukraine and the war of verbal bellicosity they have initiated with Russia. Some voices, among them former US government official Paul Craig Roberts, are convinced there is a new neocon attempt aimed at provoking war with Putin happening. Others have pointed to the arms race many US allies in the Middle East and Asia appear to be conducting.

Personally, I prefer to remain on the cautious side for now, but I do think Americans and Europeans alike should demand their media and politicians explain what really goes on, instead of merely shouting insults at anyone who looks remotely Russian. What did the US spend the $5 billion+ on that Undersecretary of State Victoria Nuland has stated was handed to an alphabet soup of Ukraine NGOs? What was Nuland doing in Kiev in the months leading up to the February coup in the first place? Ukraine had a poorly functioning government, true, but then so do dozens of other countries. Why Ukraine? Why did NATO rapidly expand eastward after the break-up of the Soviet Union despite explicit promises not to do that? Why is the US apparently about to deploy perhaps as many as 10,000 soldiers to Poland when it just signed a de-escalation deal with Russia? Are we going to hold back on asking these questions until the military chest thumping stand-off has reached a point of no return?

For LEAP2020, the issues are primarily economic, not military. It sees the US as a nation on the verge of breaking down economically, which seeks to drag others (Europe) with it in order to disguise its own troubles:





The 5 Faces Of Income Inequality

Courtesy of Lance Roberts of STA Wealth Management,

Since Easter is a time of family, compassion, forgiveness and resurrection, I thought this would be a good weekend to think about the income inequality/wealth gap which will be part of the mid-term election debate. There are many questions that must be answered from not only “how” to solve the issue, but also “should” it be?

There is no historical evidence that wealth redistribution leads to stronger economic outcomes as it discourages “hard work.” However, there is also little argument that the current state of crony capitalism and corporate greed has gotten more than just a bit out of hand.

To start our thought process in this week’s things to ponder here is a study on the wealth inequality gap in America by Politizane:

1) Thomas Piketty, Whither The Bottom 90% by Scott Winship via Forbes

"Piketty’s book lays his cards on the table from the start. He titles it to evoke Marx and begins with an epigraph quoting the Declaration of the Rights of Man and the Citizen to the effect that all inequality should be viewed as suspect. He poses the question in which he is interested as whether capitalism is fundamentally self-correcting in a way that prevents inequality from getting out of control or whether it will produce ever-rising inequality. While he allows that his answer is “imperfect and incomplete,” his modesty goes out the door before that paragraph ends. Piketty’s thesis, in his own words:

'When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.'"

2) The War On Poverty Is Grounded In Paternalism by Scott Beaulier via Real Clear Markets

“The plight of the poor is about a lot more than getting a better education or finding a job. It's about repairing the damage that has been done to their lives on a multitude of margins--broken families, stress and depression, fear of crime, drug use,


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Illinois Madness Never Stops; House Committee Wants Taxpayers to Spend $100 Million on Barack Obama Library

Courtesy of Mish.

Illinois is broke. Its public pension plans are the most troubled in the nation.

Illinois passed massive “temporary” tax hikes to fix the pension problem, but that did not make a dent in  the problem.

Nonetheless, ideas to waste more taxpayer money are always on the table. Here’s a recent example.

$100 Million for Barack Obama Library

Today, the Illinois Policy Institute reports by email …

An Illinois House Committee wants taxpayers to pay $100 million for a Barack Obama library. Somehow, House Speaker Michael Madigan thinks this is an appropriate use of funds despite the state’s more than $100 billion pension crisis and $6.6 billion in unpaid bills.

In accepting hefty taxpayer dollars for this venture, President Barack Obama is setting himself apart from his recent predecessors, former presidents Bill Clinton and George W. Bush.

Clinton’s library, located in Little Rock, Ark., was funded solely through private donations, according to the Clinton Foundation. Clinton’s “$165 million facility was built entirely through private funds. It’s just a fact,” said Jordan Johnson, a spokeswoman for the Clinton Foundation.

Likewise, Bush’s library, located at Southern Methodist University in Dallas, was also funded through private donations.

The Barack Obama Foundation, tasked with planning the development of Obama’s presidential library, has yet to determine the site of the future library. In fact, the foundation’s board of directors is receiving proposals through June 16 and does not intend to announce its final decision until 2015. The Illinois House Committee’s $100 million proposal will now go to the full House.

On its website, the Barack Obama Foundation defines its mission as developing a presidential library that “reflects President Obama’s values and priorities throughout his career in public service.” Interestingly enough, the first value listed is “expanding economic opportunity.” But more than 600,000 Illinoisans woke up today and didn’t have a job to go to, and thousands more face underemployment. To them and many others, it’s clear the president has fallen short on accomplishing his goal of “expanding economic opportunity” to the Land of Lincoln, where he launched his political career as a state senator 18 years ago.

Obama’s staff expects the library to cost $500 million or more. And the costs won’t stop there. The day-to-day operations and maintenance of the United States’ 13 presidential libraries cost taxpayers $75 million in fiscal year 2013 alone….



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“Insatiable” Idiocy from the Economist on What to Do About Russia; Warmongers Can’t Think

Courtesy of Mish.

In “Insatiable” the Economist says “The cost of stopping the Russian bear now is high—but it will only get higher if the West does nothing”.

Economist: Mr Putin has used the Ukrainian crisis to establish some dangerous precedents. He has claimed a duty to intervene to protect Russian-speakers wherever they are. He has staged a referendum and annexation, in defiance of Ukrainian law. And he has abrogated a commitment to respect Ukraine’s borders, which Russia signed in 1994 when Ukraine gave up nuclear weapons. Throughout, Mr Putin has shown that truth and the law are whatever happens to suit him at the time.

Mish: What a bunch of one-sided hypocritical nonsense. The US and EU have shown the that truth and the law are whatever happens to suit them at the time. The US has a drone policy that has killed or injured thousands of innocent victims, including children. The US had no pretext for invading Iraq but did so anyway. Warmongers now sabre-rattle Iran. The EU removed elected leaders in Greece and Italy and replaced them with technocrats. The US fomented events in Ukraine by helping overthrow Viktor Yanukovych. President Ronald Reagan promised Russia NATO would stay away from Eastern Europe. Apparently it’s OK for citizens to overthrow the elected government in Ukraine in violation of the constitution, but it’s not OK for citizens in Crimea to do the same. Russia did not take a bite out of Ukraine as depicted by the Economist. Rather, a section of Ukraine voted overwhelmingly to return to Russia. Once again, I am not proposing two wrongs make a right, rather I am proposing this is none of our business.

Economist: The West needs to show Mr Putin that further action will be costly. So far, its rhetoric has marched far ahead of its willingness to act—only adding to the aura of weakness. Not enough is at stake in Ukraine to risk war with a nuclear-armed Russia. And European voters will not put up with gas shortages, so an embargo is not plausible. But the West has other cards to play. One is military. NATO should announce that it will hold exercises in central and eastern Europe, strengthen air and cyber defences there and immediately send some troops, missiles and aircraft to the Baltics and Poland. NATO members should pledge


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Are You Ready For The Price Of Food To More Than Double By The End Of This Decade?

Are You Ready For The Price Of Food To More Than Double By The End Of This Decade?

Courtesy of Michael Snyder

If current trends continue, many of the most common food items that Americans buy will cost more than twice as much by the end of this decade. Global demand for food continues to rise steadily as crippling droughts ravage key agricultural regions all over the planet. You see, it isn't just the multi-year California drought that is affecting food prices. Down in Brazil (one of the leading exporters of food in the world), the drought has gotten so bad that 142 cities were rationing water at one point earlier this year. And outbreaks of disease are also having a significant impact on our food supply. A devastating pig virus that has never been seen in the U.S. before has already killed up to 6 million pigs

Even if nothing else bad happens (and that is a very questionable assumption to make), our food prices are going to be moving aggressively upward for the foreseeable future.  But what if something does happen?  In recent years, global food reserves have dipped to extremely low levels, and a single major global event (war, pandemic, terror attack, planetary natural disaster, etc.) could create an unprecedented global food crisis very rapidly.

A professor at the W. P. Carey School of Business at Arizona State University named Timothy Richards has calculated what the drought in California is going to do to produce prices at our supermarkets in the near future.  His projections are quite sobering

  • Avocados likely to go up 17  to 35 cents to as much as $1.60 each.
  • Berries likely to rise 21 to 43 cents to as much as $3.46 per clamshell container.
  • Broccoli likely to go up 20 to 40 cents to a possible $2.18 per pound.
  • Grapes likely to rise 26 to 50 cents to a possible $2.93 per pound.
  • Lettuce likely to rise 31 to 62 cents to as much as $2.44


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Ukraine Accord Broken Already; Key Uninvited Group to Peacy Party Doesn’t Like the Deal; Reflections on Hubris

Courtesy of Mish.

Immediately after the 4-player Ukraine accord announcement yesterday (See Ukraine Talks End in Accord; What About the Key Missing Player?) I commented …

Lots of Questions

This accord raises more questions than answers.

  • Did anyone consult the separatists?
  • Who is going to enforce the agreement?
  • Is there a single voice, or even a small group of voices who can speak for the separatists?

If the separatists are acting on their own, then unless Russia or someone else can convince the separatists to lay down their arms, the accord may break down.

Separatists are the key players in this crisis, but it does not appear they were even invited to the table.

Ukraine Accord Broken Already

Here we are, one day later and the Financial Times reports Ukraine: The ‘War Without War’ that Rumbles On

In Geneva on Thursday the US, the EU, Russia and Ukraine agreed steps aimed at reducing the tensions. But that agreement is already in danger of unravelling as separatists in the big eastern city of Donetsk refuse to evacuate their headquarters. Any violence risks creating the pretext for a Russian invasion.

While the government in Kiev and much of the west stresses its desire to integrate with Europe, the east remains firmly anchored to Russia by language, culture and history. Many companies are also oriented eastward, above all those working in its Soviet-era agricultural, metallurgy, pipe-making and defence industries – all of strategic importance to Moscow.

“The Russian market is very important, especially for the older, heritage economy,” says Gennadiy Chyzhykov, president of the Ukrainian Chamber of Commerce, who is from Donetsk, now capital of the self-styled “republic” where activists claim to lead the anti-Kiev protests. “We export mainly raw materials and semi-finished goods to Europe, but finished goods, including sweets, to Russia. They share our tastes.”

Sentiment

Read that last paragraph above closely. Most of the people in Eastern Ukraine lean towards Russia.

Banning Russian broadcasts, or even forceful military action cannot change that sentiment. Indeed, it can only strengthen it.

Geneva Agreement Does Little to Counter Russian Military Threat


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Chart School

What To Do With The Market’s Bounce

Courtesy of David Grandey.

Last week, we said: 

“However, both indexes are at or near MAJOR support levels. That means that we are ‘in the zone’ for a bounce of some sort in the next couple of days.”   And a bounce is exactly what we got:      
But as you can see even with last week’s bounce, we are still locked in a downtrend.   As we look ahead to next week, should we break out of the downtrend to the upside, we’ll want to take advantage of buying stocks doing the same.  And should we remain in a downtrend, we want to short stocks that are also locked in downtrends.    As we’ve said before: Success in the market comes from trading stocks in tandem with the indexes.   
  Should the markets break higher, then FF is an excellent long side candidate:       Here we have a leading stock that like the Nasdaq is in a min...

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Market Shadows

Everything Looks Clearer... in the Rear View Mirror

Explaining Past Events is Safer than Predicting the Future

By Paul Price of Market Shadows

Brave souls who write about stocks always subject themselves to potential embarrassment if they take a stand on the future movement of their selected company. Including both a price target and a time horizon makes you accountable if things don’t go as predicted.

For that reason many media pundits much prefer to explain what’s already happened rather than sticking their necks out. They would rather justify the (supposed) reasons why a stock recently shot higher or detail the ...



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Phil's Favorites

10 Ways to Screw up Your Retirement

10 Ways to Screw up Your Retirement

By Dennis Miller

There are many creative ways to screw up your retirement. Let me show you how it’s done.

Supporting adult children. My wife Jo and I have friends with an unmarried, unemployed daughter who had a child. Our friends adopted their grandchild and are now in their late sixties raising a kid in grade school. The same daughter had a second child, and they adopted that one too. When she announced she was pregnant a third time, they finally said, “Enough! It’s time for a third-party adoption.”

Last time I spoke with them, their unemployed daughter and her boyfriend were living in their basement, neither contributing financially nor lifting a finger around the house. What began as a temp...



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Zero Hedge

Donetsk "Letter To Jews" Found To Be A Forgery

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

In the days before the Geneva "de-escalation" conference (and coincidentally, days after the secret visit of CIA director Brennan to Kiev), the top story across western media was the "undisputed" proof that east-Ukraine, populated by "terrorist separatists", is preparing to unleash a neo-nazi wave against local jews, when a leaflet was unveiled, beckoning the Jewish population to register and declare their assets.

The ...



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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's this week's Stock World Weekly. Click here and sign in with your PSW user name and password, or sign up for a free trial.

...

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Insider Scoop

Comcast, Time Warner Said to be in Discussions to Sell Subscribers to Charter Communications for Up to $20B -FT

Courtesy of Benzinga.

Comcast (NASDAQ: CMCSA) and Time Warner Cable (NYSE: TWC) have reportedly begun negotiations with Charter Communications (NASDAQ: CHTR) to sell cable assets, including 3 million-5 million subscribers, in a deal that could be worth as much as $20 billion, according to Financial Times. Comcast and Time Warner Cable are waiting for US regulatory approval for their merger, announced on February 13.

View full article http://www.ft.com/intl/cms/s/0/0b3f0ef0-c719-11e3-929f-00144feabdc0.html#axzz2zH5tZqHm

...

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

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

...

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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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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...



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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 ...



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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...



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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...



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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...



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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...

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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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