Guest View
User: Pass: | become a member
Archive for the ‘Uncategorized’ Category

Increasing Minimum Wage & Ending the Minimum-Wage Subsidy

Wage laws decide how the costs of supporting labor are allocated. In Ending the Minimum-Wage Subsidy, Barry Ritholtz uses McDonald's in his example of how minimum wage laws are tools for wealth transfer and argues that currently the transfer is going the wrong way. Businesses are benefitting from paying inadequate hourly wages, and the shortfall is being subsidized by the taxpayer in the form of food stamps, Medicaid, housing assistance and welfare. 

Two connected actions need to be taken: raising the minimum wage and ending the minimum wage subsidy. Raising the minimum shifts the burden of paying sufficient wages (or compensating for insufficient wages) from the taxpayer to employers. 

Ritholtz shows that raising the minimum wage will not force businesses out of business. In Making the Economy Work for the Many, Not the Few, Step #1: RAISE THE MINIMUM WAGE, Robert Reich also makes the case that a higher minimum wage will return money to the people, increase demand for goods and services, and lead to more jobs.  Mish Shedlock takes the other side in LA to Gradually Hike Minimum Wage to $15 by 2020; Already Weak Growth Prospects Just Got Worse. 

Some thoughts:

When it comes it dividing a pie that is too small between labor and struggling small business owners, there is no satisfactory answer. 

But when we are discussing multi-billion dollar, profitable corporations, with big, some would say over-sized pies, such as Walmart — there is no justification for taxpayers to be subsiding their labor costs. Walmart is an easy case: profits are not being properly allocated between owners and workers. Current wage laws are transferring wealth in the wrong direction and hurting the overall economy.  

The six Waltons on Forbes’ list of wealthiest Americans have a net worth of $144.7 billion. This fiscal year three Waltons—Rob, Jim, and Alice (and the various entities that they control)—will receive an estimated $3.1 billion in Walmart dividends from their majority stake in the company.

The Waltons aren’t just the face of the 1%; they’re the face of the 0.000001%. The Waltons have more wealth than 42% of American families combined. (From Meet the Family)

[Lousiana picture source: The Walmart Heirs Are Worth More Than Everyone in Your City Combined]

Ending the Minimum-Wage Subsidy 

By Barry Ritholtz

This week,


continue reading





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Ending the Minimum-Wage Subsidy (Barry Ritholtz, BloombergView)

This week, Los Angeles became the third major West Coast city and the biggest in the U.S. to agree to raise the minimum wage to $15 an hour, an increase that will go into effect by 2020. Los Angeles follows Seattle, which will require employers with 500 workers or more to pay $15  by 2017. San Francisco will require the $15 hourly minimum by 2018. 

The Seattle increase in particular has caused all sorts of analytical errors from people who should know better. Seattle Magazine ran one article with the headline “Why Are So Many Restaurants Closing Lately?,” which cited the wage increase as among the reasons. This was quite surprising, given the lack of any notable rise in restaurant closings, which are running at about the same pace as before the minimum wage increase. Even more telling, permits for new restaurants are rising. The data overwhelmingly disproves the assertion that the minimum wage increase is leading to restaurant closings — or is discouraging people from opening new ones.

Housing Starts Rise 20%…Still Well Below Normal (Value Walk)

The NAHB HMI(Housing Market Index) and Single Family Starts were reported the past two days. The HMI ($XHB) at 54 and Starts at 733,000 indicate that a  positive trend remains in place. Many appeared to have been surprised by this and talk of a 20% rise in Housing Starts. But, if you look at the chart below, you will see an uptrend created by choppy monthly reports.  That the uptrend from early 2013 simply continues is all that one can say at the moment.

Housing Starts

ECB President Mario DraghiGreek Conundrum Puts ECB in Tight Spot as Bailout Talks Progress (Bloomberg)

European Central Bank policy makers will discuss Greek bank aid on Wednesday in a chore that is getting more uncomfortable every week.

The Governing Council will meet in Frankfurt to debate whether to tighten rules on Greek access to Emergency Liquidity Assistance as the country veers toward default. At the same time, officials are well aware their decision could worsen the political crisis just


continue reading





Comment by phil

View Single Comment

  1. phil

    YHOO/Albo – Thanks but just following Rule #1 and ALWAYS selling into the initial excitement.  

    X/Batman – Plenty of headwinds to be sure.  

    Did we add X?  If we did, I forgot to put it in the LTP and "X" is a very hard thing to search comments for! 

    Japan/Craigs – Well, I wanted to see what the reaction to GDP was and we topped out at 20,310 and now back to 20,210, where I added one short back on /NKD.  It's hard to say if the "good" news is bad news or if, as you note, they are paying attention to inventories or maybe realizing that this kind of growth at this cost (spending 10% of their GDP on stimulus) is not enough and unsustainable.  

    However, it is worth pointing out the weak GDP Private Consumption. In comparison with the huge easing policy, we wonder how sustainable will be this slight recovery. Indeed inventories suggest that more products remain in warehouses and unsold to consumers which set to be problematic in the mid-term. On the other side, as a result of a weaker yen which increased the cost of raw materials, big local companies like Panasonic decided to repatriate production back home.

    Inventories added 0.5% to GDP growth and I'm not on the team that thinks piling up goods in warehouses is an economic positive.  Private consumption only grew 0.4%, Capital Spending was also 0.4% - everything else was just stimulus spending.  Employee Compensation fell 0.6%.  Exports were up on the weak Yen – mostly cars as China and the US both had good car-buying quarters.

    “My wages haven’t gone up,” said Azusa Nemoto, 37, a contract worker in the publishing industry. She said her bosses often tell her to leave early to save on overtime costs. “The way I see it, the economy is still bad,” she added.

    A shrinking labor force and a rock-bottom unemployment rate


continue reading





Wednesday: Japan GDP Not Strong Enough – Now What?

Japan grew 0.6% in Q1.

That's a 2.4% annualized growth rate but, of course, that's priced in Yen, which are down 14.8% since last year so, in fact, Japan's economy, in Dollar terms, is losing 12.4% from last year.  This is not the headline you'll hear in the MSM though, where the overwhelming message is "Don't Worry, Be Happy" and, in fact, Robert Shiller just wrote an article telling people to cheer the F'ck up to avoid a Depression.  

As you can see from the chart above, adding 80Tn Yen worth of debt in the last 5 years has only added 25Tn Yen worth of GDP and the current 495Tn Yen GDP is still well below 2007's 505Tn Yen and, at the time 505Tn Yen was worth $5.5Tn but now, 495Tn Yen is only worth 41.25Tn so, in Dollar terms (or any steady currency), the GDP of Japan has actually DROPPED 25% since 2007 and this quarter's "boost" of 0.6% comes on the back of an additional 5% drop in they Yen since Q4 of last year.  

Yet no one will mention this in the MSM.  Why?  Well first of all it's complicated and even NYTimes readers' eyes glaze over when you start doing math.  Secondly, it doesn't fit the narrative that our Corporate Masters want you to swallow – that QE is working and more QE is better and all that matters is that the stock market goes up and everything else will be fine.  

I ranted about this in yesterday's Live Trading Webinar and you can watch a replay of that HERE, so I won't get into it again.  We also made $100/contract live trading the Russell Futures and our bullish trade on Gasoline Futures (/RB) that we played into the close is already up $1,000 per contract this morning as /RB is back over $2.02 already (you're welcome).

SPY DAILYSo, moving on from Japan (and I sent out an Member's Alert this morning with in-depth coverage and trade ideas), as you can see from Dave Fry's SPY chart, our record highs are still coming on record low volumes and that means that…
continue reading





QOTD: Doug Kass-dashian

 

QOTD: Doug Kass-dashian

Courtesy of 

Dougie likens the “stupefying” market action of late, and its utter divorce from economic fundamentals, to the popularity of the Kardashians show on the E! Channel. There’s no rhyme of reason for the popularity of the show, he says, because it’s simply uninteresting. Doug fails to consider that people just like to look at pretty girls sometimes and to get a taste of vicarious glamour – especially when there’s nothing much happening in their own lives worth clinking a champagne glass over.

As to the public’s attraction to the stock market, that one’s even more easily explainable: It does nothing but f***ing go up.

For now ????

Here’s Doug:

I will guarantee to all of you that when historians look back at this investing period (and Keeping Up With the Kardashians) — the bad-news-is-good-news thesis, the unparalleled role and confidence in the Federal Reserve, the buy high mentality of corporate share buybacks, the multitude of developing malinvestments, etc. — they will admit to how stupid investors were to have bought in.

Perhaps. But what if “this investing period” goes on for much longer than expected?

Source:

TheStreet.com

Picture source here. 

 





The number one thing that makes you susceptible to fraud

 

The number one thing that makes you susceptible to fraud

Courtesy of 

Investment News:

Prosecutors said Bryan C. Binkholder used YouTube videos, a talk-radio show and books such as the “The 401(k) Conspiracy” to cultivate clients in a fraudulent “hard money lending” program.

As part of the program, Mr. Binkholder — also known as “The Financial Coach” — said he would act as a bank for real-estate developers looking to purchase, renovate and re-sell homes.

The adviser made only a limited number of those loans, instead using the millions to pay personal expenses, interest to other investors and a salary for his wife, prosecutors said.

Why do people still fall victim to financial frauds – in the year 2015, when every conceivable piece of information that matters can be found on the web?

There are many reasons. One big one is a lack of education and the gullibility that engenders – this guy sounds like he knows more than me, I’d better take his advice. Another is laziness and the unwillingness to do any kind of due diligence – well, if there are other investors I know involved, how bad could this turn out?

But the number one thing that gets otherwise intelligent people preyed upon, in my opinion, is the arrogance to believe that they are somehow deserving of returns that do not exist for other people. The inner monologue goes something like this: I’m successful, I’m worthy of something unique that other people are not worthy of – something outside of the mainstream and special. Because I’m special.

Con artists know how to spot this mentality and exactly what to say in order to exploit it. There’s often an exclusivity to the pitch they’re delivering, a hushed and almost conspiratorial promise of “better” than all those other people are getting. This is how hardworking people can fall into a trap like “hard money lending” programs. “Yes, Treasurys are yielding only 2% but what if I showed you a way to earn closer to 10% with the same amount of risk?”

Most people know to walk away from the


continue reading





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

The Economy Might Just Need 55,000 New Jobs Per Month to Keep Reducing Labor Force Slack (Bloomberg)

Macquarie analyst David Doyle thinks the U.S. economy doesn’t need to add too many jobs for the unemployment rate to keep moving downwards.

Housing starts surge 20% in April (Market Watch)

In a show of housing-market vitality, the pace of construction started on new U.S. homes in April jumped to the strongest level since the onset of the Great Recession, the government reported Tuesday.

Construction started on new U.S. homes sprang up 20.2% in April to a seasonally adjusted annual rate of 1.14 million. That’s the biggest monthly percentage gain in more than 24 years and the highest level since November 2007, the U.S. Commerce Department reported.

Housing Starts Surge to Highest Since Nov 2007, Permits At 7 Year Highs (Zero Hedge)

Following two ugly months of dramatically missed expectations, Housing Starts exploded to 'recovery' highs (highest since Nov 2007) jumping 20.2% MoM to 1.135million (against 1.015 exp.). This is the 2nd biggest MoM jump in history. Both single-family (3rd biggest MoM surge since the crisis peak) and multi-family starts surged. Permits also surged in April (jumping 10.1% MoM – the most since 2012) to 1.143 million (well above expectations) and the highest since June 2008. These huge mal-investment spikes make perfect sense in light of the collapse in lumber prices (and thus demand).

 

Los Angeles Raises Minimum Wage to $15 an Hour (NY Times)

LOS ANGELES — The nation’s second-largest city voted on Tuesday to increase its minimum wage to $15 an hour by 2020, in what is perhaps the most significant victory so far in the national push to raise the minimum wage.

The increase — which the Los Angeles City Council passed in a 14-1 vote — comes as workers across the country are rallying for higher wages, and several large companies, including Facebook and Walmart, have moved to raise their lowest wages

Hedge Fund AUM Hits A Record High Of $2.2 Trillion (Value Walk)

Hedge funds posted their fourth consecutive month of


continue reading





Big Pharma’s Business Model is Changing

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

Understanding the new normal of a business model is key to the success of any company.  The managment of companies need to adapt to the changing demand, but first they must recognize what changes are taking place.  Big Pharma's business model is changing rapidly, and much like the airline industry, there will be but a handful of pharma companies left at the end of this path.

Most Big Pharma companies have traditionally done everything from research and development (R&D) through to commercialisation themselves. Research was proprietary, and diseases were cherry picked on the back of academic research that was done using NIH grants.  This was in the heyday of research, where multiple companies had drugs for the same target (Mevocor, Zocor, Crestor, Lipitor), and could reap the rewards on multiple scales.  However, in the coming years, this research to commercialization model will no longer work for many organizations. If Big Pharma is to prosper, it will need to reduce costs while improving its R&D selectivity AND productivity.

The mid to late 1990s was the hayday of Big Pharma drug approvals.  Research was humming, treatments for diseases with large populations were rolling out, and pricing was favorable for reaping billions.  Big Pharma saw pharmacy benefit mangers as the wave of the future, as Pharma could sell their 'perferred' drugs through their networks, much like health insurance.  The bigger the PBM, the better off one would be, and Mevco (owned by Merck at the time), was growing rapidly!  Even if a drug was going generic, the PBM's would continue to sell the branded drugs for a premium, their own branded drugs!  All was good in the drug world.  Then the winds of change hit, where 2007/8 caused a backlash not only in the financial world, but also in pharma.  PBMs were sold off, as companies were accused of script manipulation and unfair pricing.  In addition, the margins were shrinking as the likes of TEVA, Dr. Reddy, and others were gaining market share.

Then, the 'Patent Cliff' started rearing its ugly head, and those big revenue streams were drying up.  In 2010, I wrote 'The Calm Before the Storm" article on PSW, noting that the for Big Pharma to continue, it needs…
continue reading





Tuesday: Euro Drops 1.5% as ECB Promises MORE FREE MONEY!!!

Embedded image permalinkBad news is great news!  

The Greek talks have stalled, England's CPI is deflating, German GDP slipped to 0.3% in Q1 and German Investor Sentiment (ZEW) dove to a 5-month low, dropping over 20% in one month to 41.9.  That and collapsing bond prices were the last straw for the ECB, who announced this morning they would "front-load" their $75Bn monthly bond-buying into May and June, to avoid having to bother over the holidays.   

This is a fun way the ECB can double up on stimulus without SAYING they are doubling up on stimulus:

“Even though this is just front-loading, it is effectively an increase in the size of quantitative easing, even if just for a short period of time,” said Simon Derrick, a currency strategist at BNY Mellon.  “It shows that within the existing framework, the ECB is willing and able to be incredibly flexible,” Mr. Derrick said.

Separately on Tuesday, Christian Noyer, the head of France’s central bank and a member of the ECB governing council, said the ECB was ready to go further if needed to meet its inflation target.  “The purchase program will continue until the end of September 2016 and beyond if we do not see a sustained adjustment in the path of inflation,” he said.  

Does anyone besides me think it's strange to announce more QE WHILE the markets are making record highs?  Anyone???  

We have indeed fully embraced the worst kind of Voodoo Economics, with the World's Central Banks creating endless supplies of money out of thin air by simply writing checks to buy bonds which enable the Sovereign nations to go endlessly into debt.  There have been, so far, no consequences for this behavior and even countries like Greece, who have no possibility whatsoever of being able to pay off their debts, are lent more and more money.

As you can see from the chart, household debt and Government debt have climbed…
continue reading





News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Income gap: CEOs make 373 times average worker pay (CNBC)

The numbers are in on 2014 CEO compensation, and as the old Seinfeld joke goes, they are real and they are spectacular. CEO pay is also controversial as the income gap widens in America.

The average S&P 500 company CEO made 373 times the salary of the average production and non-supervisory worker in 2014, up from 331 times in 2013, according to the AFL-CIO.

Here's the story behind that huge disconnect in the stock market (Business Insider)

There's been a growing disconnect in stocks. 

Over the last few weeks, we've highlighted versions of the following chart from Bank of America Merril Lynch, which shows that US equity funds have seen massive outflows this year while stocks continue to climb to record highs

May 18 COTD

Wall Street is on the verge of saying 'recession' (Business Insider)

Wall Street has almost said it.

In a note to clients on Monday morning, Deutsche Bank's Jim Reid comes within inches of saying the word "recession" to describe the US economy's fate during the first half of the year.

Graphing The Evolution Of The World's Debt Addiction (Zero Hedge)

It's no secret that the world is addicted to debt.

China for instance, has an astounding $28 trillion debt load that amounts to 282% of GDP, while the country's local governments are now undertaking a multi-trillion yuan refi initiative in order to cut the debt servicing costs on a mountain on high interest loans they acquired off balance sheet in an effort to skirt official borrowing limits.

Bank of America is forecasting a ‘scary summer’ for the stock market (Market Watch)

Investors might want to add a little cash and some gold to their portfolio’s summer outfit.

So say analysts at Bank of America Merrill Lynch, who are forecasting a grim summer for stocks this year. In other words, it might be wise to apply ample dollops of market-correction block in addition to any sunscreen you might wear.


continue reading





 
 
 

All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

more from David

Zero Hedge

Willem "Gold-Is-A-6000-Year-Bubble" Buiter Says A New Greek Currency "Would Be Rubbish"

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Having shown his true colors in recent months by embarking not just on an anti-gold crusade, but more recently on an anti-cash mission, Citi's Willem Buiter has once again exposed his newly minted CFR status-quo-embracing status this morning. During an appearance on CNBC, Buiter notes that there would be "havoc" if Greece left the euro zone and adopted an alternative currency; but then he...



more from Tyler

Phil's Favorites

CPI Shows Sharply Rising Medical Costs; Huge Obamacare Hikes Planned

Courtesy of Mish.

The CPI came in exactly in line with the Bloomberg Consensus option today.




It's the details, not the overall number that is worrying. Medical care and rents have been rising rapidly.

The Fed likes to ignore food and energy costs. They have their chance to prove it.

From Bloomberg ...
Pull forward that rate hike is what some of the hawks are thinking after reading today's consumer price report where a benign looking headline, up only 0.1 percent in April, masks rising pressure through many components.

Excluding food and energy, core prices rose 0.3 percent which doe...



more from Ilene

Kimble Charting Solutions

King Dollar & Crude Oil reversing ST trends, says Joe Friday

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

King Dollar and Crude Oil have been have had little correlation over the past year, as each has traded in pretty much opposite directions.

Over the past 9 months King Dollar has had a historical rally and the opposite is true for Crude Oil.

Of late Crude hit its 23% Fibonacci resistance line, based upon last summers weekly closing highs and weekly closing low on 3/13/15.

Joe Friday just the facts….Crude oil is making an attempt to break short-term steep rising support this week and King Dollar is attempting to break short-term steep falling resistance.

Crude oil just experienced its 7th largest 2-month rally in its...



more from Kimble C.S.

Chart School

Inflation: A Six-Month X-Ray View

Courtesy of Doug Short.

Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past six months. Also included are the eight components of Headline CPI and a separate entry for Energy, which is a collection of sub-indexes in Housing and Transportation.

We can make some inferences about how inflation is impacting our personal expenses depending on our relative exposure to the individual components. Some of us have higher transportation costs, others medical costs, etc.

A conspicuous feature in the year-over-year table is the volatility in energy, significantly a result of gasoline prices, which is also reflected in Transportation.

Here is the same table with month-over-month numbers (not seasonally adjusted). The nose-dive in energy costs is clearly illustrated, ...



more from Chart School

Pharmboy

Big Pharma's Business Model is Changing

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

Understanding the new normal of a business model is key to the success of any company.  The managment of companies need to adapt to the changing demand, but first they must recognize what changes are taking place.  Big Pharma's business model is changing rapidly, and much like the airline industry, there will be but a handful of pharma companies left at the end of this path.

Most Big Pharma companies have traditionally done everything from research and development (R&D) through to commercialisation themselves. Research was proprietary, and diseases were cherry picked on the back of academic research that was done using NIH grants.  This was in the heyday of research, where multiple companies had drugs for the same target (Mevocor, Zocor, Crestor, Lipitor), and could reap the rewards on multiple scales.  However, in the c...



more from Pharmboy

Sabrient

Sector Detector: Bullish technical picture appears to trump cautious fundamentals

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

Courtesy of Sabrient Systems and Gradient Analytics

By Scott Martindale

Stocks closed last week on a strong note, with the S&P 500 notching a new high, despite lackluster economic data and growth. I have been suggesting in previous articles that stocks appeared to be coiling for a significant move but that the ingredients were not yet in place for either a major breakout or a corrective selloff. However, bulls appear to be losing patience awaiting their next definitive catalyst, and the higher-likelihood upside move may now be underway. Yet despite the bullish technical picture, this week’s fundamentals-based Outlook rankings look even more defensive.

In this weekly update, I give ...



more from Sabrient

OpTrader

Swing trading portfolio - week of May 18th, 2015

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

 

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

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

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

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



more from OpTrader

Digital Currencies

Nasdaq's bitcoin plan will provide a real test of bitcoin hype

 

Nasdaq's bitcoin plan will provide a real test of bitcoin hype

By 

Excerpt:

Bitcoin, the virtual digital currency, has been called the future of banking, a dangerous fad, and almost everything in between, but we're finally about to get some solid data to help settle the debate.

On Monday, the Nasdaq (NDAQ) stock exchange said it would ...



more from Bitcoin

Market Shadows

Kimble Charts: US Dollar

Which way from here?

Chris Kimble likes the idea of shorting the US dollar if it bounces higher. Phil's likes the dollar better long here. These views are not inconsistent, actually, the dollar could bounce and drop again. We'll be watching. 

 

Phil writes:  If the Fed begins to tighten OR if Greece defaults OR if China begins to fall apart OR if Japan begins to unwind, then the Dollar could move 10% higher.  Without any of those things happening – you still have the Fed pursuing a relatively stronger currency policy than the rest of the G8.  So, if anything, I think the pressure should be up, not down.  

 

UNLESS that 95 line does ultimately fail (as opposed to this being bullish consolidation at the prior breakout point), then I'd prefer to sell the UUP Jan $25 puts for $0.85 and buy the Sept $24 call...



more from Paul

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...



more from M.T.M.

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...

more from Promotions

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!




FeedTheBull - Top Stock market and Finance Sites



About Phil:

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

Learn more About Phil >>


As Seen On:




About Ilene:

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

Market Shadows >>