Archive for the ‘Phil’s Favorites’ Category

Breaking News And Best Of The Web

Courtesy of John Rubino.

Inflation, housing pick up, manufacturing and transport continue to decline. China debt and US public pensions getting attention. Banks report surprisingly good earnings, mostly due to trading gains. Yellen considers aggressive “high-pressure” policy to engineer fast growth and rising wage inflation. The Assange mystery deepens; Wikileaks still active. Clinton way up in polls after final debate.  

Best Of The Web

The cult of the expert – and how it collapsed – Guardian
Fed risks repeating Lehman blunder as US recession storm gathers – Telegraph
Broken indicators: it’s growing harder to spot troubles in the market – Bloomberg
10 terrifying charts – Gold Republic
Cass Freight Index takes another dive killing August’s “false hope” – Mish
Watch a short film Adam Curtis made for VICE about your life – Vice
The world’s most dangerous systemic risks – Deep Connections
Prevailing gray swans: The clear and present danger list – Deep Connections
What triggers collapse? – Peak Prosperity
The perils of a resurgent China credit boom – Credit Bubble Bulletin
Japan’s central bank writes Tokyo a blank check – Stratfor
USA 2017-2020: An ungovernable nation? –
A mile-high house of cards – International Man


Breaking News

The Economy

10/21  Hedge fund managers struggle to master their miserable new world – Bloomberg

10/21  To some, it “feels more like a crash” – 24hGold

10/21  The great physical gold supply & demand illusion – 24hGold

10/21  Weak retail sales result makes Canada rate cut more likely – Bloomberg

10/21  China’s local governments are getting into venture capital – Bloomberg

10/21  ‘Lions hunting zebras’: Ex-Wells Fargo bankers describe abuses – New York Times

10/21  China’s still growing, but fears are rising that it won’t last – CNBC

10/21  Kim Kardashian, millionaire cops and the 1% – Sprott Money

10/21  What redemptions in the hedge fund industry are telling us – Mountain Vision

10/21  David Rosenberg calls for trillions in helicopter money – Zero Hedge

10/20  Draghi seen keeping up suspense on future of ECB stimulus plan – Bloomberg

10/20  Fed’s Beige Book: Most of U.S. grew at modest to moderate rate – MarketWatch

10/20  Hedge fund managers expect ‘massive’ 34% pay cut – Bloomberg

10/20  The tech bubble

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News You Can Use From Phil’s Stock World


Financial Markets and Economy

Oil is tumbling after Russia’s largest oil company said the country can 'significantly' pump up production (Business Insider)

Prices for West Texas Intermediate crude, the US benchmark, are down by 2.3% at $50.65 per barrel, while prices for Brent crude, the international benchmark, are down by 2.5% at $51.38 per barrel as of 10:56 a.m. ET.

Dudley Sees Fed Rate Rise by Year-End If Data on Track (Bloomberg)

Federal Reserve Bank of New York President William Dudley repeated that he expects an interest-rate increase by the end of 2016, as the central bank draws closer to reaching its twin objectives of maximum employment and 2 percent inflation.

Wall Street’s biggest investment banks say they just can’t help making so much money (Quartz)

Investment banking is back! After a rocky few years, to say the least, major Wall Street banks are once again making huge amounts of money from bond trading, a traditional cash cow.

Pound Sterling Performing Worse Than Malawian kwacha (Value Walk)

Pound Sterling – The United Kingdom is one of the world’s oldest democracies has arguably the most respected legal system in the world and is generally considered by investors to be one of the safest places to invest

UBS set out to answer a key question about the US consumer — and its findings are worrying (Business Insider)

Why are US consumers defaulting?

That's the question in a big note out from Matthew Mish and Stephen Caprio at UBS, who used evidence from the bank's proprietary US Housing Intentions Survey to try to get at an answer.

Investors Charging Into American Express Should Think Again (The Wall Street Journal)

The credit-card company on Wednesday crushed analyst estimates for third-quarter earnings and raised guidance for the full year. The positive surprise was mainly due to lower expenses and fewer losses than feared on outstanding loans. In a year when AmEx shares were down 12%, this was enough to trigger a sharp relief rally.

Inflation Outlook Rises Everywhere But Japan (Bloomberg)

Japanese five-year inflation swaps remain mired below 0.3 percent, resisting pressure

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EU Sanction Madness and Merkel’s Blatant Hypocrisy

Courtesy of Mish.

A battle over sanctions is brewing in the EU this evening.

The EU lead by European Council president Donald Tusk seeks more sanctions on Russia over Aleppo.

However,  Italian prime minister Matteo Renzi Pushes Back on Sanctions because Italy was stung more by sanctions than other nations.

The European Union said it was too soon to consider imposing sanctions on Russia for the bombing of rebel-held areas of Syria, while maintaining the threat of action if Vladimir Putin doesn’t back down.

After the first of two days of talks in Brussels, EU leaders said “all available options” remain on the table, without mentioning sanctions specifically, after they clashed over using more pointed language on Thursday. While the U.K., France and Germany wanted to take a harsher tone with Russia, Italy’s Matteo Renzi led those countries who opposed the move.

Russia’s aggression in Syria has brought its relationship with the west to a new low. With ties already worse than at any time since the Cold War because of Putin’s annexation of Crimea and violent interference in eastern Ukraine, the Kremlin’s support of the Syrian regime has raised tensions further and exposed divisions in the EU.

“It’s clear that Russia’s strategy is to weaken the EU — we have no illusions,” the bloc’s president, Donald Tusk, told reporters early Friday. “Increasing tensions with Russia is not our aim; we are simply reacting to steps taken by Russia.”

The EU has added progressively tougher sanctions on Russia since March 2014 for its involvement in Ukraine, including broad economic restrictions as well as travel bans and asset freezes on individuals and companies. While leaders were not planning to make any decisive steps toward additional sanctions at the summit, the final communique represents a watering down of more specific threats contained in their draft text.

Irony Abounds

European Council president Donald Tusk is not to be confused with European Commission president Jean-Claude Juncker, who probably agrees with Tusk anyway.

Since every nation has to agree to more sanctions, Italy is more than sufficient to kill the idea.

Tusk says ““It’s clear that Russia’s strategy is to weaken the EU — we have no illusions.”

Irony abounds. Pray tell, what the heck are sanctions on Russia other than a blatant attempt to weaken Russia? And who started this sanction mess?

Continue reading here…

David Rosenberg Calls For A Multi-Trillion, “Helicopter Money” Stimulus Package

Courtesy of ZeroHedge. View original post here.

With the inherent weakness in US GDP and the rising probability of a recession (two weeks ago Bank of America modeled that the next recession would likely start roughly one year from now), Gluskin Sheff's David Rosenberg thinks that with monetary options exhausted it will take a fiscal boost in the trillions of dollars to kickstart the economy. These issues were discussed in an extended interview with Real Vision TV, where the chief economist and strategist at Gluskin Sheff proposed some radical policies to engineer the growth needed in nominal income. 

His ideas, some of which can be seen here in a clip of the interview, include helicopter money attached to a $2 trillion perpetual bond, massive infrastructure spending and measures to tackle the $1 trillion student debt load that has seriously hamstrung the economy.

Here are some of the interview highlights:

Doing the Same Thing Over Again and Expecting a Different Outcome

Whether the US will in fact experience the technical definition of a recession is a matter of fervent debate, with the odds something like 20%-30%, according to Rosenberg (60% according to Deutsche Bank), but with growth averaging around 1%, there is no doubt the economy is weak.

“There are some people saying a recession is here right now,” Rosenberg says, “I don't think that we meet those conditions yet. But people say, well, look. Twelve months in a row of negative year on year industrial production, that's never happened outside recession, check. We've had now going into six quarters of profit contraction, year over year. That's only happened in the context of a recession, check. I mean, all that is true, but so much of this has been related to the oil shock that we had.

Rosenberg’s problem with monetary policy, now in its 7th year of unorthodox experimentation, is that it has become a weak antidote to structural problems in the economy (even if it is still quite potent at boosting financial asets). Fiscal policy on the other hand, if constructed right, could be the answer due to its very powerful multiplier impact. “I can't say that I know for sure, but it's the old Einstein

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Moving toward computing at the speed of thought


Moving toward computing at the speed of thought

By Frances Van Scoy, West Virginia University

The first computers cost millions of dollars and were locked inside rooms equipped with special electrical circuits and air conditioning. The only people who could use them had been trained to write programs in that specific computer’s language. Today, gesture-based interactions, using multitouch pads and touchscreens, and exploration of virtual 3D spaces allow us to interact with digital devices in ways very similar to how we interact with physical objects.

This newly immersive world not only is open to more people to experience; it also allows almost anyone to exercise their own creativity and innovative tendencies. No longer are these capabilities dependent on being a math whiz or a coding expert: Mozilla’s “A-Frame” is making the task of building complex virtual reality models much easier for programmers. And Google’s “Tilt Brush” software allows people to build and edit 3D worlds without any programming skills at all.

My own research hopes to develop the next phase of human-computer interaction. We are monitoring people’s brain activity in real time and recognizing specific thoughts (of “tree” versus “dog” or of a particular pizza topping). It will be yet another step in the historical progression that has brought technology to the masses – and will widen its use even more in the coming years.


Reducing the expertise needed

From those early computers dependent on machine-specific programming languages, the first major improvement allowing more people to use computers was the development of the Fortran programming language. It expanded the range of programmers to scientists and engineers who were comfortable with mathematical expressions. This was the era of punch cards, when programs were written by punching holes in cardstock, and output had no graphics – only keyboard characters.

By the late 1960s mechanical plotters let programmers draw simple pictures by telling a computer to raise or lower a pen, and move it a certain distance horizontally or vertically on a piece of paper. The commands and graphics were simple, but even drawing a basic curve required understanding trigonometry, to specify the very small intervals of horizontal and vertical lines…
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Obamacare Premiums Up 30% in TX, MS, KS; 50% in IL, AZ, PA; 93% in NM: When Does the Death Spiral Blow Up?

Courtesy of Mish.

Obamacare premiums are skyrocketing out of site. A jump of a mere 30% looks like a good deal compared to jumps of over 50% in six states, and 93% in New Mexico.

Congratulations are in order for those living in a handful of states whose premiums only rose 20%.

The Wall Street Journal reports Rate Increases for Health Plans Pose Serious Test for Obama’s Signature Law.

Finalized rates for big health insurance plans around the country show the magnitude of the challenge facing the Obama administration as it seeks to stabilize the insurance market under the Affordable Care Act in its remaining weeks in office.

“The situation is serious,” said Alissa Fox, senior vice president of the Office of Policy and Representation for the Blue Cross Blue Shield Association. “The reason the premiums are where they are is that the people we are covering have serious conditions and they’re using a lot of medical services because of their chronic illnesses. That’s clear. And there’s not enough young, healthy people to balance out those costs.”

In Minnesota, for example, Blue Cross Blue Shield is pulling its preferred provider organization plans from the state’s online exchange, MNSure, and the narrow network product has been approved for an average rate increase of 55%.

Democratic Gov. Mark Dayton told local reporters that the law is “become unaffordable for many Minnesotans, a growing number with these rate hikes” and that federal and state action is necessary.

House Speaker Paul Ryan, a Wisconsin Republican, has gone further and said the insurance markets are already in a “death spiral,’” and that “we’re going to have to change this thing.”

The danger for insurers and supporters of the law now is that high prices and limited choices further deter low-risk people from signing up, and that the increases continue and become irreversible.

Approved Hikes

  • Approved Hikes Just Under 20%: Colorado, Florida and Idaho
  • Approved Hikes 20% to 29%: Connecticut, Georgia, Indiana, Kentucky, Maine, Maryland
  • Approved Hikes 30% to 49%: Alabama, Delaware, Hawaii, Kansas, Mississippi, Texas
  • Approved Hikes 50% to 92%: Arizona, Illinois, Montana, Oklahoma, Pennsylvania, Tennessee
  • Approved hikes 93%: New Mexico

Just a Transition


President Obama calls this a “transition” because insurers aggressively priced too low to get healthy people to sign up.

It’s a transition all right, to hell, for those watching rates skyrocket.

Continue reading here…

The Billion Barrel Oil Swindle: 80% Of U.S. Oil Reserves Are Unaccounted-For


The Billion Barrel Oil Swindle: 80% Of U.S. Oil Reserves Are Unaccounted For

By Arthur

Shale oil workers

U.S. crude oil storage is filling up with unaccounted-for oil. There is a lot more oil in storage than the amount that can be accounted for by domestic production and imports.

That’s a big problem since oil prices move up or down based on the U.S. crude oil storage report. Oil stocks in inventory represent surplus supply. Increasing or decreasing inventory levels generally push prices lower or higher because they indicate trends toward longer term over-supply or under-supply.

Why Inventories Matter

Inventory levels have reached record highs since the oil-price collapse in 2014. This surplus supply is a major factor keeping oil prices low.

Current inventories are 45 million barrels higher than 2015 levels, which were more than 100 million barrels higher than the average from 2010 through 2014 (Figure 1). Until the present surplus is reduced by almost 150 million barrels down to the 2010-2014 average, there is little technical possibility of a sustained oil-price recovery.

Figure 1. U.S. Crude Inventories Are ~150 Million Barrels Above Average Levels. Source: EIA, Crude Oil Peak and Labyrinth Consulting Services, Inc.

U.S. inventories are critical because stock levels are published every week by the U.S. EIA (Energy Information Administration). The IEA (International Energy Agency) publishes OECD inventories, but that data is only published monthly and it measures liquids but not crude oil. It also largely parallels U.S. stock levels that account for almost half of its volume. Inventories for the rest of the world are more speculative.

Understanding U.S. Stock Levels

Understanding U.S. stock levels should be straight-forward. Every Wednesday, EIA publishes the Weekly Petroleum Status Report which includes a table similar to Figure 2.

Figure 2. EIA publishes adjustments and defines them as “Unaccounted-for Oil.” Source: EIA U.S. Petroleum Status Weekly (Week Ending September 16, 2016), Crude Oil Peak and Labyrinth Consulting Services, Inc.

The calculation to determine the expected weekly stock change is fairly simple:

Stock Change = Domestic Production + Net Imports – Crude Oil Input to Refineries…
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Terrorists Recruit Petro Engineers And Oil Experts

Courtesy of Zainab Calcuttawala of

Unspecified terrorist groups have been caught attempting to recruit university-level students from the Commonwealth of Independent States (CIS) – including up and coming petroleum engineers and energy analysts, according to the head of the bloc’s anti-terror organization.

The nine-member bloc consisting mostly of Central Asian nations must develop an anti-radicalization plan to prevent students from joining international terrorist organizations, Andrei Novikov, who heads the CIS Anti-Terrorist Center, said on Wednesday.

"The attempts to recruit [students] to the international terrorist organizations continue at the universities of the Commonwealth [of Independent States],” he said.

“The professional recruiters are targeting not only potential lower level agents, but also highly qualified medicine, transport, oil industry and linguistics specialists as well as, importantly, those who could map out media strategies for the global terrorism projects.”

The Kurdish news site Rudaw has previously reported classified ads posted by ISIS in the underground job market offering oil operations experts a salary of $225,000 a year, with perks such as a car and weapons thrown in for good measure. The ads, released in 2014, had been marketed to Saudi Arabian expats.

The oil industry is especially vulnerable to terrorism because of the geographic locations of the most active radical groups and weak governments—made ever weaker by the lower price of oil.

The Islamic State (ISIS) reaped hundreds of millions of dollars of profits from selling oil from Iraq and Libya on the black market before the U.S.-led anti-ISIS coalition began targeting oil facilities controlled by the terrorist group over the past year.

Iraqi military gains over ISIS in August dried up oil revenues for the organization by up to 90 percent, according to a report by Iraqi News.

Novikov said the CIS—which was formed in 1991 after the fall of the Soviet Union—has begun working closely with parents and professors to explain the process of radicalization and how to report instances of suspected illicit recruitment.

The CIS consists of eight former Soviet republics—Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan—and Russia. Weekly Trading Webinar Weekly Trading Webinar – 10-19-16

For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here!

Major Topics:

00:02:31 Trade Charts
00:03:51 Petroleum Status Report
00:11:01 Checking on the Markets
00:12:05 Top Components
00:13:49 AXP
00:17:14 AXP Trade Ideas
00:23:15 JNJ
00:24:06 Checking on the Markets
00:25:13 ES Trade Ideas
00:30:06 Energy Charts
00:30:16 Oil Charts and Trade Ideas
00:34:58 COST Call
00:35:19 COST Charts
00:38:23 COST Trade Ideas
00:40:46 More Trade Ideas
00:46:06 China's GDP
00:52:53 Media Consolidation
00:54:03 OOP
01:10:15 COST Trade Ideas
01:14:16 Beige Book
01:26:15 More Trade Ideas
01:31:24 Reserve Currencies
01:32:14 Short-Term Portfolio
01:34:54 Long-Term Portfolio
01:37:50 Butterfly Portfolio
01:43:21 Long-Term Portfolio
01:47:32 More Trade Ideas
01:54:36 SPWR Charts
01:57:16 AAPL Trade


Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars, here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – join us at PSW — click here!

Fascinating Look at Why Brexit Happened Through Eyes of Cameron’s Deputy Director of Policy

Courtesy of Mish.

Daniel Korski, deputy director of the policy unit in David Cameron’s government, explains Why We Lost the Brexit Vote.

Korski offers a look at policy attempts, EU infighting, backroom deals that collapsed, the EU’s mistrust of conservatives, and what he believes the Remain camp should have done.

The article is lengthy, but for those interested in a nice take on the inside workings of politics, it’s well worth a read.

Key Ideas

  • Korski blames the Remain camp for not doing enough to highlight the benefits of the EU.
  • He blames Merkel and the EU for not budging enough.
  • He describes numerous instances where agreements were made and quickly reversed.
  • He says the appointment of Jean-Claude Juncker was a huge mistake, Merkel understood that, but did nothing about it.
  • He blames Cameron for saying “I want less Europe”
  • He blames the referendum itself.
  • He blames the tabloids.


Article Snips

Officials in the newly elected Socialist government in Portugal, for example, refused to budge on any of our demands and were deeply skeptical of our motives — not least because of their mistrust of conservatives. I had to get the Social Democratic Austrian chancellor’s adviser to vouch for me with the Portuguese prime minister’s chief of staff, so that I could make our case directly. Even then, after the frostiest meeting I have ever attended, we only managed to move Lisbon because we persuaded the newly elected president, an avowed Anglophile, to raise our concerns with the prime minister at their very first meeting.

The Swedes were another difficult negotiating partner. As a Swedish diplomat remarked to me in private, give a Swedish politician a choice between his or her principles and what works and they will always choose the former. That approach was certainly on display when Cameron met Swedish Prime Minister Stefan Löfven, a former trade union leader, on the margins of an EU summit in Riga. Sweden, he assured us, wanted the U.K. to remain in the European bloc, but could under no circumstances agree to what we were asking.

In Brussels, most of the European Parliament saw it as a bid for special treatment and, eventually, as an attempt to violate the EU’s basic freedoms. Juncker seemed to be seeking to give the U.K. a fair deal — as

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Zero Hedge

The United States Of Refugees

Courtesy of ZeroHedge. View original post here.

Submitted by Ben Christopher via,

Consider the state of Nebraska. What comes to mind?

Common associations with the Cornhusker state include: row crops, silos, college football, Warren Buffet, and wholesome, earnest Americana.

Now try this one: Refugee Capital of the United States.

So far this year, the City of Omaha has settled over 900 people fleeing war, per...

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Phil's Favorites

Another Health Care Chart Looks Sick


Another Health Care Chart Looks Sick

Courtesy of Dana Lyons

A popular pharmaceutical ETF is testing its (ill-fated?) post-2009 bull market trendline.


As the major stock averages continue to bide their time in sideways fashion, one of the weaker sectors in the market continues to look sick. We have covered the relative laggard health care sector plenty over the past few weeks. The focus in many of the posts has centered around the various indices’ tests of their post-2008-2009 bull market Up trendlines. Some tests have been successful (e.g., ...

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Blind Capital

By BroyHill. Originally published at ValueWalk.

According to Morningstar, the average US equity manager, has underperformed the S&P 500 Index over the past one, three and five years. Given investors natural tendency to chase what’s working, and ditch what’s not, “the death of active management” is becoming a popular consensus sentiment.

Before writing off active management and jumping on the index fund bandwagon, investors would be well served to pause and reflect.  Might this be a cyclical phenomenon?  If so, when have we seen this in the past?  And most importantly, how did it play out last time?  Spoiler alert: yes, this is cyclical; yes, we have seen this in the past; no, it didn’t turn out so hot for overvalued indices overweighted in overvalued large caps.

Ed Chancellor’s ...

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Market News

News You Can Use From Phil's Stock World


Financial Markets and Economy

Crude Rally May Clinch Top Stock Market Status for Canada in ’16 (Bloomberg)

Gold’s best run since 2010 pushed Canadian equities to the top spot among developed-market stocks this year. Fifty dollar crude will give them an opportunity to stay there.

Would Cutting Corporate Tax Rates Really Grow the Economy? (The Atlantic)

One of the things Hillary Clinton and Donald Trump disagree most strongly about is how to stimulate the economy. Donald Trump has one idea that conservative economist...

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Kimble Charting Solutions

Bio-Tech; In more trouble if this fails, says Joe Friday

Courtesy of Chris Kimble.

At one point in time, actually for years, Bio-Tech (IBB) was a market leader. From the 2009 lows to 2015, IBB out gained the S&P by more than 250%. Since the summer of 2015, Bio Tech has remained a leader, a “downside leader!” IBB has lagged the S&P by over 35% in the past 15-months.

Is the downside leadership over for IBB? Below updates the pattern on IBB


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Chart School

Mini-Bearish Wedges in Lead Markets

Courtesy of Declan.

The last few days have seen little movement in key markets. The one potential development to look to resolve tomorrow or Monday are rising wedges in certain markets. The advantage bulls have is that if markets can push above wedge highs (which are close), shorts will be squeezed in a buying scramble.

The S&P has a created a small, rising wedge off a larger rising wedge from September. The 20-day and 50-day MAs lend additional overhead resistance as does higher volume distribution for the index today (although the trading range for the day was very narrow).


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Members' Corner

The Orlando Massacre Part 3

Courtesy of Nattering Naybob.

A continuation of a Naybob of IT's Natterings from Part 1 and Part 2...

While many Christian churches expressed grief and offered free funeral services for the victims of the Orlando shooting, the fundamentalist Westboro Baptist Church held an anti-gay protest during the funeral of the victims.

But the Westboro Baptist Church's protest rally was blocked by about 200 people who formed a human barricade on the main street in downtown Orlando, ...

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Swing trading portfolio - week of October 17th, 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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Mapping The Market

The Most Overlooked Trait of Investing Success

Via Jean-Luc

Good article on investing success:

The Most Overlooked Trait of Investing Success

By Morgan Housel

There is a reason no Berkshire Hathaway investor chides Buffett when the company has a bad quarter. It’s because Buffett has so thoroughly convinced his investors that it’s pointless to try to navigate around 90-day intervals. He’s done that by writing incredibly lucid letters to investors for the last 50 years, communicating in easy-to-understand language at annual meetings, and speaking on TV in ways that someone with no investing experience can grasp.

Yes, Buffett runs an amazing investment company. But he also runs an amazing investor company. One of the most underappreciated part of his s...

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Digital Currencies

Gold, Silver and Blockchain - Fintech Solutions To Negative Rates, Bail-ins, Currency Debasement and Cashless

Courtesy of ZeroHedge. View original post here.

By Jan Skoyles

I was so pleased yesterday by the announcement that I have joined the Research team at GoldCore as it meant that I could finally start talking about it and was back in a role that lets me indulge in my passion by researching and geeking out on all things gold, silver and money.


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Epizyme - A Waiting Game

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

Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer.  One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."

Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.  

Genetic components are the DNA sequences that are 'inherited.'  Some of these genes are stronger than others in their expression (e.g., eye color).  Yet, some genes turn on or off due to external factors (environmental), and it is und...

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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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PSW is more than just stock talk!


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! 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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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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