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10 Things You Need To Know Before The Opening Bell

 

10 Things You Need To Know Before The Opening Bell

Courtesy of 

Good morning! Here's what you need to know:

Alibaba Is Hot. In a new SEC filing, Chinese e-commerce giant Alibaba raised its IPO pricing range to $66-$68 per share from $60-$66. At the midpoint of the new range, the company would raise about $21.4 billion, with the value of the company set at a bit more than $165 billion. Alibaba prices on Thursday evening and goes public on Friday.

Germany Is Cold. Germany's ZEW index of investor confidence fell to 6.9 in September, down from 8.6 a month ago. While this was slightly better than the 5.0 expected by economists, it was nevertheless the lowest reading since December 2012. "Eurozone sentiment indicators continue to point to downside risks ahead, with political risks from ongoing tensions in Ukraine, and the uncertainty over the Scottish independence vote later this week the main factors weighing on investor sentiment this month," said Pantheon Macroeconomics' Claus Vistesen. "Additional easing by the ECB will help, but has not been enough, so far, to turn investor optimism around."

China's Investment Inflows Are Plunging. "China's foreign direct investment inflows in August fell to a low not seen in at least 2-1/2 years, underscoring the challenges to growth facing the world's second-biggest economy," Reuters Siaoyi Shao and Koh Gui Qing reported. "China attracted $7.2 billion in foreign direct investment in August, the Commerce Ministry said on Tuesday, down 14 percent from a year earlier and at a level not seen since February 2012." This follows a slew of data confirming a major slowdown.

Markets Are In The Red. Everything's red. In Europe, Britain's FTSE is down 0.6%, France's CAC 40 is down 0.5%, and Germany's DAX is down 0.4%. In Asia, Hong Kong's Hang Seng closed down 0.9%. Dow futures are down 27 points and S&P futures are down 2.9 points.

French Prime Minister Says The Economy Could Be … In Trouble. France's Manuel Valls has some colorful…
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Is Isolation Fueling the Rich-Poor Divide?

Is Isolation Fueling the Rich-Poor Divide?

Courtesy of 

The other day I posted what I consider to be an elemental chart about income growth (or lack thereof) since the recovery began. Neil Irwin explained that the only people who’ve seen a recovery in wage growth were those who were already doing well anyway.

This has had a huge impact on the rich-poor divide that everyone’s been talking about these past few years. Here is another possible root cause behind the new dynamic, via Richard Kirshenbaum at the New York Observer:

“The new money prefers to live in splendid isolation.” Jonny Van der Klump, who hails from a Midwest fortune, swept the blonde lock off his forehead at the club his great grandfather helped found.

“In my great grandfather’s day great wealth was largely commodity and manufacturing based. Because the workers and the tasks were physical there was interaction. I remember when I went to the company Christmas parties as a child. I saw how many people my family was responsible for. I was taught to have a middle-class perspective, which is why I’m so frugal.”

“Is that different today?” I tickled my martini’s green olive with the swizzle stick.

“Great fortunes are being created through technology and finance and there is little or no contact with workers, customers. One isn’t held accountable for bad behavior. Many wealthy exist in a cossetted ether. They live protected lives in luxury and don’t have to come in contact with the average person, adding up to a sense of un-reality. The idea that the world exists for them and owes them what they want when they want it.”

“And your children?”

“They have good manners. It starts with how one treats the waitress.”

“Or bringing an ill-behaved child out of the restaurant.”

“Some parents have no control over the basics.”

“Did you feel entitled growing up?”

“I felt I had a responsibility to serve. Not to be served,” he said, thanking the waiter profusely.

Josh here – I think there may be something to that. The new routes to wealth are increasingly gated off from the crowds. They require very little interaction offline and away from a screen.

Source:

Need an Intern with a Strong Sense of Entitlement and Bad Manners? Hire a Rich Kid (New York Observer)

Read Also:

The simplest yet most important fact (TRB)

 




Buybacks and Tradebots

Buybacks and Tradebots

Courtesy of 

Is anyone trading? Not really. Except HFT players and corporate CFOs executing the buybacks that generate their compensation packages.

You got a 7%+ gain in the S&P this year on basically nothing and for no reason other than float-shrink initiatives that have zero to do with fundamentals. For every Disney, a company that is truly killing it right now, there are a dozen stagnant names masking slowing growth with a smaller overall pie to spread profits across.

If IBM and McDonalds were trading on the actual condition of their respective businesses, the Dow would be 500 to 1000 points lower.

But they’re not, and this is why short-term price predictions based on fundamental research are moronic, generally speaking. Because this is not at all unusual. Distortions based on non-fundamental factors are a permanent feature of both bull and bear markets. 1 +1 doesn’t equal 2 in the short run.

Back to Buybackpalooza…

Wall Street Journal (emphasis mine):

Corporations bought back $338.3 billion of stock in the first half of the year, the most for any six-month period since 2007, according to research firm Birinyi Associates. Through August, 740 firms have authorized repurchase programs, the most since 2008.

The growth in buybacks comes as overall stock-market volume has slumped, helping magnify the impact of repurchases. In mid-August, about 25% of nonelectronic trades executed at Goldman Sachs Group Inc., excluding the small, automated, rapid-fire trades that have come to dominate the market,involved companies buying back shares.

According to Barclays, companies in the second quarter spent 31% of their cash flow on buybacks, the most since 2008 and up from 14% at the end of 2009. At the end of the second quarter, nonfinancial companies in the S&P 500 index held $1.35 trillion of cash, down from a record of $1.41 trillion at the end of last year, according to FactSet.

LOL.

If no one’s involved with the market directly – apart from buybacks and tradebots – then theoretically whatever sell-off may come should do very little damage to the real economy.

Comforting, a little.

Source:

Companies’ Stock Buybacks Help Buoy the Market (WSJ)

 




Mark Crispin Miller: Forbidden Thoughts and Fighting For the Truth

Mark Crispin Miller: Forbidden Thoughts and Fighting For the Truth

Courtesy of Jesse's Cafe Americain 

Mark Crispin Miller is professor of media studies at New York University. He is known for his writing on American media and for his activism on behalf of media reform. His books include Boxed In: The Culture of TV, Seeing Through Movies, Mad Scientists, a study of war propaganda, and Fooled Again: How the Right Stole the 2004 Elections. He was a contributor to the documentary 'Orwell Rolls Over In His Grave.'

He graduated from Northwestern University with a BA in 1971, Johns Hopkins University with an MA in 1973, and a Ph.D. in 1977.

He talks overall about certain stories that are not considered to be appropriate for discussion in the mainstream media.  He sees 'conspiracy theory' as a method of shutting down discussion, and traces its use as a rhetorical device to a memo in 1967.

He more specifically discusses the 2000 election of G. W. Bush, and what he considers related stories that are ruled off the table in a presentation to the 911 Architects and Engineers for Truth. 

I don't agree with all of his specific issues perhaps, but found his discussion of 'process' in the mainstream media to be interesting.  More often than not the 'discussions' of situations which we are given in the media are often highly uninformative, if not misleading either by omission or intent. 

And I also feel that the First Amendment is being tested now as it has been in the past. It seems to be curtailed for individuals who are shuffled off to 'free speech zones' while wealthy corporations are being given privileges that the Constitution maintains for individuals and was not intended for powerful legal constructs that provide limited liability and anonymity. 


 





Three Reasons the Remainder of 2014 is About Loss Avoidance

Joshua Brown has redesigned his website, take a look.

Three Reasons the Remainder of 2014 is About Loss Avoidance

Courtesy of 

The S&P 500 has hit Savita Subramanian’s target of 2000 and has since backed off (as markets are wont to do upon coming into contact with big, fat round numbers). Tactically, she suggests that locking in gains and being more selective wouldn’t be a bad idea at this juncture.

The BofA Merrill Equity & Quant strategist sees the following three risks as the most present for the remainder of the year…

Screen Shot 2014-09-15 at 9.55.35 AM

Hard to disagree with any of these themes. Subramanian’s work has been incredibly prescient for the last several years. And she didn’t even need to go into the rapidly deteriorating geopolitical situation to make her cautious case (like a good quant, she sticks to the math and leaves the macro commentary for others to fiddle with).

Source:

Shopping for shorts in September
Bank of America Merrill Lynch – September 15th 2014

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.





Don’t Get Ruined by These 10 Popular Investment Myths (Part IV)

Do you remember that during the 2008-2009 financial crisis, many called into question traditional economic models and asked why these models failed? Would these models warn us of another approaching financial meltdown? According to Elliott Wave, we need to explore the "myths" we think we know are true before using them to guide our investing decisions. 

Don't Get Ruined by These 10 Popular Investment Myths (Part IV)

Interest rates, oil prices, earnings, GDP, wars, terrorist attacks, inflation, monetary policy, etc. — NONE have a reliable effect on the stock market. 

Below is Myth IV of the Elliott Wave International Series. (Read also Myth V: Don't Get Ruined by These 10 Popular Investment Myths.)

Myth #4: "Earnings drive stock prices."
By Robert Prechter (excerpted from the monthly Elliott Wave Theorist; published since 1979)

This belief powers the bulk of the research on Wall Street. Countless analysts try to forecast corporate earnings so they can forecast stock prices. The exogenous-cause [i.e., news-driven -- Ed.] basis for this research is quite clear:

Corporate earnings are the basis of the growth and the contraction of companies and dividends. Rising earnings indicate growing companies and imply rising dividends, and falling earnings suggest the opposite. Corporate growth rates and changes in dividend payout are the reasons investors buy and sell stocks.

Therefore, if you can forecast earnings, you can forecast stock prices.

Suppose you were to be guaranteed that corporate earnings would rise strongly for the next six quarters straight. Reports of such improvement would constitute one powerful "information flow." So, should you buy stocks?

Figure 9 shows that in 1973-1974, earnings per share for S&P 500 companies soared for six quarters in a row, during which time the S&P suffered its largest decline since 1937-1942.

This is not a small departure from the expected relationship; it is a history-making departure. Earnings soared, and stocks had their largest collapse for the entire period from 1938 through 2007, a 70-year span! Moreover, the S&P bottomed in early October 1974, and earnings per share then turned down for twelve straight months, just as the S&P turned up!

An investor with foreknowledge of these earnings trends would…
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Don’t Get Ruined by These 10 Popular Investment Myths (Part V)

Interest rates, oil prices, earnings, GDP, wars, terrorist attacks, inflation, monetary policy, etc. — NONE have a reliable effect on the stock market according to Elliott Wave International(Part IV is here: Don't Get Ruined by These 10 Popular Investment Myths)

Don't Get Ruined by These 10 Popular Investment Myths (Part V)

You may remember that during the 2008-2009 financial crisis, many called into question traditional economic models.

Why did the traditional financial models fail? And more importantly, will they warn us of a new approaching doomsday, should there be one? This series gives you a well-researched answer.

Myth #5: "GDP drives stock prices."

By Robert Prechter (excerpted from the monthly Elliott Wave Theorist; published since 1979)

Surely the stock market reflects the nation's Gross Domestic Product. The aggregate success of corporations shows up as changes in GDP. Stocks are shares in corporations. How could their prices not reflect the ebb and flow of GDP?

Suppose that you had perfect foreknowledge that over the next 3 3/4 years GDP would be positive every single quarter and that one of those quarters would surprise economists in being the strongest quarterly rise in a half-century span. Would you buy stocks?

If you had acted on such knowledge in March 1976, you would have owned stocks for four years in which the DJIA fell 22%. If at the end of Q1 1980 you figured out that the quarter would be negative and would be followed by yet another negative quarter, you would have sold out at the bottom.

Suppose you were to possess perfect knowledge that next quarter's GDP will be the strongest rising quarter for a span of 15 years, guaranteed. Would you buy stocks?

Had you anticipated precisely this event for 4Q 1987, you would have owned stocks for the biggest stock market crash since 1929. GDP was positive every quarter for 20 straight quarters before the crash and for 10 quarters thereafter. But the market crashed anyway. Three years after the start of 4Q 1987, stock prices were still below their level of that time despite 30 uninterrupted quarters of rising GDP.

Figure 10 shows these two events. It seems that there is something wrong with the idea that investors rationally value stocks…
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See Live Demo Of This Google-Like Trade Algorithm

If GOOGLE, the NSA, and Bill Gates all got together in a room with the task of building the most 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… they never got around to building it, but my colleagues 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 but traded a handful of conservative alerts since its inception, you would have experienced portfolio gains exceeding 200%!

Plus, when you register for the webinar you’ll get instant access to the following expectancy trading videos:

  • Instant access to FOUR Quick-Start Expectancy Trading Videos that will show you the exact process other traders are following each day they trade to achieve consistent profitability and abnormally long winning streaks.

     

    • Instant Access To Training Video #1: Introduction To Expectancy Trading
    • Instant Access To Training Video #2: How The Market Timer Algorithm Works
    • Instant Access To Training Video #3: The Wheel Of Profit
    • Instant Access To Training Video #4: 3-Step Trading
  • Undeniable PROOF that Expectancy Trading Is the most profitable way to trade

Follow this link to register for their training webinar

P.S. – You can watch the video that explains this unique algorithm and learn about our upcoming training event by following this link.





What’s on Your Radar Screen?

Thoughts from the Frontline: What’s on Your Radar Screen?

By John Mauldin

Toward the end of every week I begin to ponder what I should write about in the next Thoughts from the Frontline. Much of my week is spent in front of my iPad or computer, consuming as much generally random information as time and the ebb and flow of life will allow. I cannot remember a time in my life after I realized you could read and learn new things that that particular addiction has not been my constant companion.

As I sit down to write each week, I generally turn to the events and themes that most impressed me that week. Reading from a wide variety of sources, I sometimes see patterns that I feel are worthy to call to your attention. I’ve come to see my role in your life as a filter, a connoisseur of ideas and information. I don’t sit down to write with the thought that I need to be particularly brilliant or insightful (which is almighty difficult even for brilliant and insightful people) but that I need to find brilliant and insightful, and hopefully useful, ideas among the hundreds of sources that surface each week. And if I can bring to your attention a pattern, an idea, or thought stream that that helps your investment process, then I’ve done my job.

What’s on Your Radar Screen?

Sometimes I feel like an air traffic controller at “rush hour” at a major international airport. My radar screen is just so full of blinking lights that it is hard to choose what to focus on. We each have our own personal radar screen, focused on things that could make a difference in our lives. The concerns of a real estate investor in California are different from those of a hedge fund trader in London. If you’re an entrepreneur, you’re focused on things that can grow your business; if you are a doctor, you need to keep up with the latest research that will heal your patients; and if you’re a money manager, you need to keep a step ahead of current trends. And while I have a personal radar screen off to the side, my primary, business screen is much larger than most people’s, which is both an advantage…
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APPLE ANNOUNCES RECORD IPHONE 6 PREORDERS

APPLE ANNOUNCES RECORD IPHONE 6 PREORDERS

Courtesy of 

phil schiller iphone models

AP: Apple SVP of marketing Phil Schiller announces the new iPhone line.

Apple just announced iPhone 6 preorder numbers.

In the first 24 hours that the iPhone 6 and iPhone 6 Plus were available for preorder, Apple says it got 4 million preorders.

For some context, the iPhone 5 did 2 million preorders in 24 hours when it launched in 2012. (Apple did not report preorder numbers last year.) 

The stock is up just 0.7% on the news.

The iPhone 6 is the biggest story in tech right now. Apple updated the iPhone, giving it a new design and a much bigger screen. The current iPhone has a 4-inch screen. The iPhone 6 has a 4.7-inch screen, and the iPhone 6 Plus has a 5.5-inch screen. 

Apple CEO Tim Cook predicted that this upgrade would trigger the "the mother of all upgrades." It seems he's right.

iPhone owners have been eagerly waiting for Apple to produce a phone with a bigger screen. Now that it's here, consumers are upgrading to one of the new iPhone 6 phones.

Here is Apple's press release:

CUPERTINO, Calif. --(BUSINESS WIRE)--

Apple® today announced a record number of first day pre-orders of iPhone® 6 and iPhone 6 Plus, the biggest advancements in iPhone history, with over four million in the first 24 hours. Demand for the new iPhones exceeds the initial pre-order supply and while a significant amount will be delivered to customers beginning on Friday and throughout September, many iPhone pre-orders are scheduled to be delivered in October. Additional supply of iPhone 6 and iPhone 6 Plus will be available to walk-in customers on Friday, September 19 at 8:00 a.m. local time at Apple retail stores. Customers are encouraged to arrive early or order online from the Apple Online Store (www.apple.com) to pickup in-store or receive an estimated delivery date. Both models will also be available on Friday from AT&T, Sprint, T-Mobile, Verizon Wireless, additional carriers and select Apple Authorized Resellers.

“iPhone 6


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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!

 
 

Chart School

Producer Price Index for August Was Unchanged

Courtesy of Doug Short.

Today's release of the August Producer Price Index (PPI) for Final Demand was unchanged month-over-month seasonally adjusted. Core Final Demand was up 0.1% from last month. Investing.com correctly forecast Core PPI but was looking for a comparable 0.1% increase in the headline number.

The unadjusted year-over-year change in Final Demand is up 1.8%, up slightly from last month's YoY of 1.7%.

Here is the essence of the news release on Finished Goods:

The Producer Price Index for final demand was unchanged in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.1 percent in July and 0.4 percent in June. On an unadjusted basis, the index for final demand increased 1.8 percent for the 12 months ended in August......

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Zero Hedge

Scotland Prepares For Bank Runs; 'Quietly' Sends Millions Of Banknotes North

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As the Scotish independence vote draws near and remains too close to call, some analysts are suggesting Plan B for Scotland may be to choose to opportunistically default. This has done nothing to calm concerns of the aftermath of a "yes" vote - despite US asset managers proclaiming it irrelevant. Nowhere is that more clear than, as The Independent reports, Britain’s banks have been quietly moving millions of banknotes north of the border to cope with any surge in demand by Scots to withdraw cash in the even...



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Phil's Favorites

10 Things You Need To Know Before The Opening Bell

 

#455477104 / gettyimages.com 10 Things You Need To Know Before The Opening Bell

Courtesy of 

Good morning! Here's what you need to know:

Alibaba Is Hot. In a new SEC filing, Chinese e-commerce giant Alibaba raised its IPO p...



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Promotions

See Live Demo Of This Google-Like Trade Algorithm

If GOOGLE, the NSA, and Bill Gates all got together in a room with the task of building the most 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… they never got around to building it, but my colleagues 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 but traded a handful of conservative alerts since its inception, you would have experienced portfolio gains exceeding 200%!

Plus, when you register for the webinar you’ll g...



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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

Sector Detector: Bulls go down swinging, refusing to give up much ground

Courtesy of Sabrient Systems and Gradient Analytics

Although the stock market displayed weakness last week as I suggested it would, bulls aren’t going down easily. In fact, they’re going down swinging, absorbing most of the blows delivered by hesitant bears. Despite holding up admirably when weakness was both expected and warranted, and although I still see higher highs ahead, I am still not convinced that we have seen the ultimate lows for this pullback. A number of signs point to more weakness ahead.

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-r...



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OpTrader

Swing trading portfolio - week of September 15th, 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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Insider Scoop

Compass Point Sees Good Things Ahead For Navient Corp

Courtesy of Benzinga.

In a report published Monday, Compass Point analyst Michael Tarkan reiterated a Buy rating and $21.00 price target on Navient Corp (NASDAQ: NAVI).

In the report, Compass Point noted, “We reiterate our Buy rating on NAVI shares after analyzing updated credit data within the company's private student loan trusts, which indicate continued YOY improvement in delinquency and default rates. The data captures statistics for trusts originated from 2002 through 2014 for the three months ended August 31, 2014, providing a good leading indicator for 3Q14 credit trends. The ongoing improvement should give management flexibility to continue to lower provision expenses to drive earnings higher.”

Navient Corp closed on Friday at $17.62.

Latest Ratings for NAVI DateFirm...

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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 the latest Stock World Weekly. Enjoy!

[Sign in with your PSW user name and password, or take a free trial here.]

Image courtesy of Business Insider, Jay Yarow's This Is The Best Description Of How Apple's Business Works Right Now.

 

...

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Option Review

Big Prints In VIX Calls

The CBOE Vix Index is in positive territory on Friday morning as shares in the S&P 500 Index move slightly lower. Currently the VIX is up roughly 2.75% on the session at 13.16 as of 11:35 am ET. Earlier in the session big prints in October expiry call options caught our attention as one large options market participants appears to have purchased roughly 106,000 of the Oct 22.0 strike calls for a premium of around $0.45 each. The VIX has not topped 22.0 since the end of 2012, but it would not take such a dramatic move in the spot index in order to lift premium on the contracts. The far out-of-the-money calls would likely increase in value in the event that S&P500 Index stocks slip in the near term. The VIX traded up to a 52-week high of 21.48 back in February. Next week’s release of the FOMC meeting minutes f...



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Digital Currencies

Making Sense of Bitcoin

Making Sense of Bitcoin

By James Black at International Man

Despite the various opinions on Bitcoin, there is no question as to its ultimate value: its ability to bypass government restrictions, including economic embargoes and capital controls, to transmit quasi-anonymous money to anyone anywhere.

Opinions differ as to what constitutes "money."

The English word "money" derives from the Latin word "moneta," which means to "mint." Historically, "money" was minted in the form of precious metals, most notably gold and silver. Minted metal was considered "money" because it possessed luster, was scarce, and had perceive...



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Market Shadows

Helen Davis Chaitman Reviews In Bed with Wall Street.

Author Helen Davis Chaitman is a nationally recognized litigator with a diverse trial practice in the areas of lender liability, bankruptcy, bank fraud, RICO, professional malpractice, trusts and estates, and white collar defense. In 1995, Ms. Chaitman was named one of the nation's top ten litigators by the National Law Journal for a jury verdict she obtained in an accountants' malpractice case. Ms. Chaitman is the author of The Law of Lender Liability (Warren, Gorham & Lamont 1990)... Since early 2009, Ms. Chaitman has been an outspoken advocate for investors in Bernard L. Madoff Investment Securities LLC (more here).

Helen Davis Chaitman Reviews In Bed with Wall Street. 

By Helen Davis Chaitman   

I confess: Larry D...



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Pharmboy

Biotechs & Bubbles

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

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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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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