Archive for the ‘Phil’s Favorites’ Category

China: Major Devaluation Coming

Courtesy of John Rubino.

The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up the story: After the 2008 crash the country borrowed about $15 trillion (an amount that dwarfs the US Fed’s quantitative easing programs) and spent the proceeds on history’s biggest infrastructure program.

China bank assets

This pushed up the prices of iron ore, oil, copper, etc., igniting a global commodities boom. Then China liberalized its stock trading rules, setting off a stampede into local equities that doubled prices in less than a year. The result is a classically unbalanced economy, with massive physical malinvestment, overpriced financial assets and way too much debt. The inevitable crash began in June.

Beijing responded by tossing about 10% of GDP into equities to stop the bleeding. This worked, as such interventions tend to do, for a while. But last night it failed:

Chinese shares tumble 8.5 percent in biggest one-day drop since 2007

(Reuters) – Chinese shares slid more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations ran out of steam, throwing Beijing’s efforts to stave off a deeper crash into doubt.

Major indexes suffered their largest one-day drop since 2007, shattering three weeks of relative calm in China’s volatile stock markets since Beijing unleashed a barrage of support measures to arrest a slump that started in mid-June.

“The lesson from China’s last equity bubble is that, once sentiment has soured, policy interventions aimed at shoring up prices have only a short-lived effect,” wrote Capital Economics analysts in a research note reacting to the slide.

The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen tumbled 8.6 percent to 3,818.73 points, while the Shanghai Composite Index .SSEC lost 8.5 percent to 3,725.56 points.

China’s market gyrations have stoked fears among global investors about the broader health of the world’s second biggest economy, hitting prices of growth-sensitive commodities such as copper, which fell on Monday to not far from a 6-year low.

Devaluation time?
While the prices of commodities and equities have been bouncing around, China’s currency, the yuan, has been eerily stable in US dollars, because the government pegs the former to the latter.

China yuan July 2015

But because the dollar is way up against virtually every other currency, so is the yuan, which is a major cause of…
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What Loss Of Control Looks Like: Chinese Regulator Urges Traders To Rat Out “Malicious Sellers”

Maybe the Chinese should just close their stock market until valuations catch up to prices. Lock in those gains!  I mean really lock in. 

What Loss Of Control Looks Like: Chinese Regulator Urges Traders To Rat Out "Malicious Sellers"

Courtesy of ZeroHedge

After pledging a whopping 10% of China's GDP, or just about $1 trillion, to its various (at last check over 40) discrete measures to prop up its collapsing market, among which such threats as arresting shorters of stock and "malicious sellers", actions which have merely slowed down the bursting of the world's biggest stock bubble in recent years, China has finally reverted to what the communist regime does best to preserve "order" – implement witch hunts in which the population rats out any criminals who dare to go against the protocols of the communist party. In this case, the targets are "malicious sellers" with the regulator adding that those found guilty of shorting will be "dealt with severely."

This is what appeared moments ago on the website of the Chinese stock market regulator, the CSRC – an interactive online box allowing "traders" to rat out anyone who sellsmaliciously (as opposed to non-maliciously).

Google translated:

Online Reporting Notes

Note: This website is in trial operation stage, the event can not normally access, please understand!

According to "securities and futures law violations Report Interim Regulations", the Center received reports meets the following conditions:

  1. to report the matter belongs to China Securities Regulatory Commission and the various supervisory duties range;
  2. provided by an informer's name (name), identity and other information;
  3. to provide violate securities and futures laws and administrative regulations of specific facts, clues or evidence.

The same illegal behavior securities and futures are reporting has been accepted or processed, no new facts or clues of informants to report when no longer be accepted.

Second, note

  1. to encourage real name, real name informants should provide my real name (name) when making a report, document number and valid identity information telephone number.
  2. Respond limited real name reporting centers and Zhengjianju accepted.
  3. please fill out the form to report each item. Fill out


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Chinese Stocks Crash Overnight; Will We See Another “Glitch” in New York

Courtesy of Pam Martens.

Shanghai's Bull Statue on Its Bund Waterfront (left); Bull Statue in Lower Manhattan (right)

Shanghai’s Bull Statue on Its Bund Waterfront (left); Bull Statue in Lower Manhattan (right)

Despite unprecedented efforts by the Chinese government to stem the rout in the Chinese stock market that had shaved as much as $4 trillion from share prices before the government’s interventions this month and last, the Shanghai Composite closed down 8.48 percent today at 3,725.558.

The overnight rout has raised speculation in some quarters as to whether we are going to see another “glitch” on the New York Stock Exchange today similar to that of July 8 in the midst of another Chinese stock market tumble. As we reported at the time:

“Yesterday, beginning at 11:32 a.m. and for the next three hours and forty minutes, the iconic New York Stock Exchange shuttered trading in all of its listed securities. The Exchange said it had experienced an internal glitch.

“Unknown to most Americans, some of those shuttered stocks on the New York Stock Exchange were Chinese stocks and among the largest capitalized companies in the world. More than 100 Chinese companies trade on U.S. stock exchanges as American Depository Receipts (ADRs) and almost 200 Chinese company ADRs trade over-the-counter in the U.S. (Individual shares are referred to as ADS, American Depository Shares.) Last year, Thomson Reuters estimated the market value of Chinese companies listed on just the New York Stock Exchange and Nasdaq Stock Market at more than $1.4 trillion.

“With the Chinese stock market rupturing over the past week and trading in more than a thousand stocks suspended in China, the spillover has hit the U.S. market hard.

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Chinese Stocks Plunge 8.5% Today

Bloomberg video: Herald Van Der Linde, head of equity strategy at HSBC, discusses Chinese equities and the Shanghai Composite's 8.5% smackdown. Other Asian and European markets are down in sympathy. (Source: Bloomberg)

Has China's Market Support Run Out of Steam?

See also:

Chinese Stocks Plunge 8.5%, Biggest Decline Since February 2007

Courtesy of Mish.

The crash in Chinese stocks continued today following a respite last week.

Shares on the Shanghai index plunged 8.48%, the Biggest One-Day Plunge Since February 2007.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 8.6 percent, to 3,818.73, while the Shanghai Composite Index SSEC lost 8.5 percent, to 3,725.56 points.

The drops were the biggest since Feb. 27, 2007.

It wasn't immediately clear what caused such a sharp tumble in the afternoon session. At midday, the two indexes were down about 2.5 percent.

"The recent rebound had been swift and strong, so there's need for a technical correction," said Yang Hai, strategist at Kaiiyuan Securities.

Immediately Clear

It should be immediately clear stocks are in a bubble, so there is no need to search for a "reason" for the plunge.

If anything, one might wonder why the stocks rose to such absurd valuations in the first place.

$SSEC Shanghai Index

Stock rose from about 2300 in November to 5178 in June. That was an advance of 125% or so in about seven months. Today's decline is shown by the second blue arrow.

Since the plunge in June, China stepped in to directly buy stocks, prohibit short selling, halted trading on half the companies, and prohibited large shareholders from selling any shares for six months.

Expectation of such moral-hazard maneuvers coupled with cheap money is exactly what fuels bubble activity in the first place.

Amusingly, margin buying is still at or near record levels.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com  

 





Indicting Varoufakis: The World Upside Down

Courtesy of The Automatic Earth.


LoC Old Patent Office model room, Washington DC 1865

There’s always a great irony in anyone at all coming under pressure for doing exactly what they should be doing. Still, it happens a lot. The irony gets that much greater when the party in question is a government, and a much maligned one at that.

Of course Syriza had to look into options, possibilities, eventualities if ever the moment might come that Greece had to (were forced to) move beyond the euro. They would have been entirely in fault, and entirely remiss, if not outright criminally negligent, if they had never looked into this.

And of course this had to be done in secret. There is no other way. The proof is in the pudding: just look at the reactions to Varoufakis’ explanation to a group of investors of how he went about Tsipras’ pre-election-victory green light for exploring ‘beyond euro’ scenarios.

Just imagine what political opponents and international media would have made of it all had they known back in December. There are simply far too many ill-informed and/or sensationalist and/or political-gains-hungry voices out there to not do these things in secret.

These are the very same voices that now seek to use that very same secrecy to try and lay blame on Tsipras and Varoufakis. In a world where openness and honesty have been put out by the curb with so many other human and moral values, this is inevitable. But that cannot mean the research should never have been done.

Tsipras could not possibly have avoided -and remember this took place at least a month before his election victory, which was by no means assured- having the research done. And he could not possibly have avoided having it done in secret.

So what do all these people want now? Varoufakis implies he’s prepared for treason charges. That would be rich. It would mean treason charges for Tsipras too. And for anyone in Brussels or Berlin who’s ever had any ideas about Greece moving beyond the euro. Try Schäuble.

Hey, maybe we can indict the entire eurozone structure for not having studied, in depth, the consequences of a eurozone nation moving beyond the currency.…
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Record Eurozone Borrowing: Public Debt Rises With Recovery; Greece a Small Sideshow Compared to Italy

Courtesy of Mish.

The eurozone is supposedly in a state of recovery. However, in spite of that recovery, public debt and debt-to GGP levels are still rising. Austerity is difficult to find in any realistic sense.

Please consider Eurozone Borrowing Rises to Record as Recovery Remains Weak.

The European Central Bank’s programme of quantitative easing has pushed down interest rates to ultra low levels, encouraging governments to borrow more in the early part of this year, despite turmoil in Greece.

Across countries that use the euro, average debt to gross domestic product reached 92.9 per cent in the first quarter of 2015, up from 92 per cent in the previous quarter and 91.9 per cent in the same period last year, according to figures from Eurostat, the EU’s statistical agency.

Greece remains the EU’s most indebted nation, with debt equal to 169 per cent of annual GDP, but Italy, Belgium, Cyprus and Portugal also carry government debt that exceeds 100 per cent of economic output.

The rise in debt comes despite a pickup in the pace of recovery in the eurozone, with the region’s economy expanding 0.4 per cent in the first quarter of this year — while the US saw a contraction.

Targets vs. Reality

The “Growth and Stability” pact on which the Eurozone was founded limits debt to 60% of GDP and deficits at no more than 3%.

Average Debt-to-GDP is 92.9% and rising.

Eurostat Data shows Ireland, Greece, Spain, France, Cyprus, Portugal, Belgium, Slovenia, and Finland all exceeded 3% budget deficit requirement in 2014.

France and Spain have been given warnings and extensions on numerous occasions.

Greece Sideshow

By any realistic measure, Greece is just a sideshow for what is to come.



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ECB and Twitter

At least short term, you may be better off learning how to mine Twitter data for sentiment signals than learning how to value a company.

And note, currently people are paying higher than usual prices for growth stocks. As all cycles come to an end, studying Twitter may warn us of the turning away from stocks such as Zillow to something as boring as, say, gold.


Courtesy of 

The European Central Bank has been particularly busy. It is engaged in an asset buying program. Despite a European Court of Justice ruling highlighting the conflict of interest between its bank supervisory function and role as creditor, the ECB is still part of the Troika official creditors and participated in the marathon negotiating sessions over Greece.  

The ECB is closely monitoring the situation at Greek banks.  It has now increased the ELA ceiling for the second consecutive week, following the Greek government's acceptance of the creditors' demands.
 
Still its staff has time to conduct some fun research.  It released a report that many market participants will find interesting.  It looked at whether Twitter and Google can be useful in predicting the stock market.  It finds that Twitter is better than Google.  It is also better than the survey that the ECB currently uses.  The ECB staff (Huina Mao, Scott Counts and Johan Bollen) concludes that Twitter generates statistically and economically significant predictive value.  The caveats are that it is particularly useful in the US, UK, and Canada.  It is not very useful in China.  Also, the predictive value is only for the very short-term.  
 
The research looks at the use of "bullish" and "bearish" words on tweets and also in Google.  A one-point increase in the sentiment survey index it currently uses translates, for example, into a 2.26 bp move in the Dow Jones Industrials the next day.  In contrast, a one-point increase in its Twitter index is associated with a 12.5 bp move in the Dow.  
 
This research found that Twitter bullishness helps predict Google bullishness.  This suggests that Twitter information precedes Google searches.   It also finds that the bump given to


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Europe’s New Colonialism: ECB Rejects Greek Request To Reopen Stock Market

Courtesy of ZeroHedge. View original post here.

It has been one month since Greek capital controls were imposed, and as we explained earlier, Greece is nowhere closer to having its deposit limits lifted. In fact, with several more months of capital controls at least, the Greek banks are likely to suffer ongoing balance sheet impairments which will ultimately result in depositor bail-ins, with Germany already pushing for haircuts on deposits over €100,000.

However, when it comes to banks there is at least still the illusion that Greece has some residual sovereignty. The reality is that it does not, as Greece is no longer an independent nation, and as of July 15, the Greek "In Dependence" day, every Greek decision needs to get pre-approval from both the ECB, Brussels and, naturally, Berlin.

This was made very clear earlier today when Reuters reported that the Greek stock exchange will remain closed on Monday but might reopen on Tuesday after a one-month shutdown which started on June 29. "It's certain that it will not open on Monday, maybe on Tuesday," a spokesperson for the Athens Stock Exchange told Reuters on condition of anonymity.

A spokesman for the Athens Stock Exchange said on Friday a proposal to reopen the bourse had been submitted to the European Central Bank for an opinion before a decision on the matter is made by the Greek finance ministry.

Another person with direct knowledge of the matter confirmed that Greek authorities aimed to reopen the bourse on Tuesday.

However, to understand what really happened, one should read the Bloomberg explanation, according to which it was the ECB which rejected proposals by Greek authorities to reopen country’s financial markets with no restrictions in place for both Greek and foreign traders, citing an Athens Exchange spokeswoman.

Ministerial decree is now expected, setting some restrictions in use of money from Greek bank accounts for trading.

And just like that, we wave goodbye to the Hellenic Republic, and greet the Mediterranean Vassal Province of Mario and Merkel. Because as of this moment, no Greek decision can be taken without the direct or indirect express prior approval of either the ECB and/or Berlin.

Oh, and incidentally,…
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Revenue Recession: Investors Are Paying Too Much For Growth, Barclays Says

Courtesy of ZeroHedge. View original post here.

The myopia displayed by corporate America in terms of inflating short-term earnings at the expense of balance sheet leverage and long-term growth is now so pervasive that it’s become a major campaign issue for Hillary Clinton who recently unveiled a plan to forcibly break what she’s calling the "tyranny of the next earnings report." (For more on possible ulterior motives for Clinton’s decision to effectively tax shortsightedness, see here. Note: I read that article and didn't see the ulterior motive angle. ~ Ilene). 

Zero Hedge readers are well aware of how ZIRP has served as a convenient excuse for price insensitive corporate management teams to borrow and plow the proceeds into EPS-inflating, equity-linked compensation-boosting buybacks. 

This comes at a price. Capex (i.e. future productivity) and wage growth suffer even as investors are rewarded and executives are enriched.

Of course buying back shares can obscure negative earnings trends but it can’t do anything to hide the fact that revenue growth is non existent and indeed, as FactSet reports, "the blended revenue decline for Q2 2015 is -4.0%. If this is the final revenue decline for the quarter, it will mark the first time the index has seen two consecutive quarters of year-over-year revenue declines since Q2 2009 and Q3 2009. It will also mark the largest year over-year decline in revenue since Q3 2009 (-11.5%)."

Here with more on what certainly looks like a 'revenue recession’ and on the excessive price investors are willing to pay for top-line growth, is Barclays.

*  *  *

From Barclays

Paying for revenue growth

Growth is not easy to find.

In the U.S., the economy has failed to accelerate, with GDP growth stubbornly below 2.5%. It is worse in Europe and even China has slowed. Stagnant global economic growth, a strong USD, and lower oil prices have combined to cause revenue growth for the S&P 500 to fall. The first quarter of 2015 was the first quarter of negative sales growth for the S&P 500 since the financial crisis. 2Q15 is expected to be worse (Figure 2).

Few sectors have been…
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Santelli Exchange with Mish: Public Debt, Taxation, Legacy Issues

Courtesy of Mish.

I had the pleasure of being on CNBC last Friday with Rick Santelli. It was the third time we discussed the sorry state of Chicago and Illinois finances. The focus for this interview was legacy issues.

Public Debt, Taxation, Legacy Costs

Who wants to move to Illinois, with its high taxes, when the vast majority of those taxes are just to support legacy issues like pensions?

Chicago mayor Rahm Emanuel recently mentioned hiking Chicago’s already obscene property tax structure. Moreover, Emanuel who claims to want to make Chicago a technology hub, just imposed a 9% data streaming tax, effectively nickel and diming businesses and residents alike when pension issues for Chicago alone are close to $30 billion.

At the state level, “progressives” in the Illinois legislature have their eyes on your pocketbook as well. They seek to hike Illinois income taxes.

It is impossible to say everything that needs to said in a 3 minute time window, but that is all the studio allows. So we focus on one key item, and the central theme this time was taxation solely to support legacy issues.

What Needs to Be Done

To spare the citizens of Illinois massive tax hikes, the only reasonable course of actions are as follows:

  1. Halt defined benefit pension plans for new employees
  2. Eliminate collective bargaining of public unions
  3. Scrap Davis Bacon and all prevailing wage laws so that cities do not have to overpay for services
  4. Enact right-to-work legislation
  5. Pass bankruptcy legislation allowing cities, municipalities, and other taxing bodies the right to declare bankruptcy

Had options 1-4 been done a decade ago, Illinois would not be as bad off as it is today. Now, even those measures cannot and will not fix the problems.

Additional Reading



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Zero Hedge

Greek Economy Faces Total Collapse As Doctors Flee, Retail Sales Plunge 70%

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Back in May we outlined the cost to the Greek economy of each day without a deal between Athens and creditors.

At the time, a report from the Hellenic Confederation of Commerce and Enterprises showed that 60 businesses closed and 613 jobs were lost for each business day that the crisis persisted without a resolution. 

Since then, things have deteriorated further and indeed, with the imposition of capital controls, businesses found that ...



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ValueWalk

More Evidence Of China Slowing Permeating Asia [Charts]

By Gavekal Capital Blog. Originally published at ValueWalk.

More Evidence Of China Slowing Permeating Asia by Bryce Coward, Gavekal Capital

Today’s edition of our diary of weak Asian economic stats focuses on the recently released trade and industrial production numbers out of Thailand and the trade numbers from Hong Kong. The Thai economy is feeling the pain of the Chinese slowdown acutely even in the most highly level economic statistics. Meanwhile the Hong Kong trade figures, which we view more as a proxy for Chinese trade given its intermediary port position connecting China with the rest of the world, paint the picture of the weakest trade by volume since 2013.

...



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Kimble Charting Solutions

Travel indicator being put to critical tests

Courtesy of Chris Kimble.

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

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

CLICK ON CHART TO ENLARGE

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

CLICK ON CHART ABOVE TO ENLARGE

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



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Phil's Favorites

Information overload is making us dumber investors

"Information overload" may be especially problematic when we don't have a plan or don't stick with our plan. For example, we may have a long term goal for a stock, but then short term information gets presented, and we act on it, abandoning our original thesis. This can lead to over-trading, chasing the news, and ultimately, regrets. 

Information overload is making us dumber investors

BY JEFF REEVES'S STRENGTH IN NUMBERS

Excerpt:

We live in an age of seemingly infinite information, and that’s great in many ways. But that doesn’t make investors any smarter.

Stock rese...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

2015 has simply not been a fun year in the stock market (Business Insider)

2015 has not been a fun year for stock investors. 

In 2015, the S&P 500, which opened the year nearly at all-time highs, has made a new all-time high just 10 times. For a point of comparison, at this time last time at this year, the benchmark index had hit 27 fresh all-time records, and when 2014 was said and done, the S&P 500 had hit a new record 53 times. 

The bull in China’s shop has no more room to run (Market Watch) ...



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Sabrient

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

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

Courtesy of Sabrient Systems and Gradient Analytics

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then offer up some actionable trading ideas, including a sector rotation strategy using ETFs and an enhanced version using top-ranked stocks from the top-ranked sectors.

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



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Chart School

Fifth Day of Selling

Courtesy of Declan.

Sellers in the S&P made it five days of downside in a row. On this last day it closed near the day's lows, but also on its 200-day MA. If there was reason for a bounce, then tomorrow could be the day.  Technicals are all net negative.


The Dow took the selling harder. It undercut the July swing low having earlier lost its 200-day MA. Next up is the February swing low.


Small Caps finished at its 200-day MA, after it lost trendline support on Friday...

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OpTrader

Swing trading portfolio

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

 

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

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

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

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



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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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Digital Currencies

Gold Spikes Back Above $1100, Bitcoin Jumps

Courtesy of ZeroHedge. View original post here.

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

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

Charts: Bloomberg and Bitcoinwisdom

...

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Pharmboy

Baxter's Spinoff

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

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

The Baxalta Spinoff

By Ilene with Trevor of Lowenthal Capital Partners and Paul Price

In its recent filing with the SEC, Baxter provides:

“This information statement is being ...



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Mapping The Market

An update on oil proxies

Courtesy of Jean-Luc Saillard

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

Since...



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Promotions

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

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

 

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

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

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Help One Of Our Own PSW Members

"Hello PSW Members –

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

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

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

Thank you for you time!




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About Phil:

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

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About Ilene:

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

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