Archive for the ‘Uncategorized’ Category

Does biology explain why men outnumber women in tech?

 

Does biology explain why men outnumber women in tech?

Courtesy of Alice H. EaglyNorthwestern University

File 20170815 6110 1og4pid

Who’s missing from this picture? Lawrence Sinclair, CC BY-NC-ND

It’s no secret that Silicon Valley employs many more men than women in tech jobs. What’s much harder to agree on is why.

The recent anti-diversity memo by a now former Google engineer has pushed this topic into the spotlight. The writer argued there are ways to explain the gender gap in tech that don’t rely on bias and discrimination – specifically, biological sex differences. Setting aside how this assertion would affect questions about how to move toward greater equity in tech fields, how well does his wrap-up represent what researchers know about the science of sex and gender?

As a social scientist who’s been conducting psychological research about sex and gender for almost 50 years, I agree that biological differences between the sexes likely are part of the reason we see fewer women than men in the ranks of Silicon Valley’s tech workers. But the road between biology and employment is long and bumpy, and any causal connection does not rule out the relevance of nonbiological causes. Here’s what the research actually says.

Is she a computer natural? Micah Sittig, CC BY

Are girls just born less suited for tech?

There is no direct causal evidence that biology causes the lack of women in tech jobs. But many, if not most, psychologists do give credence to the general idea that prenatal and early postnatal exposure to hormones such as testosterone and other androgens affect human psychology. In humans, testosterone is ordinarily elevated in males from about weeks eight to 24 of gestation and also during early postnatal development.

Ethical restraints obviously preclude experimenting on human fetuses and babies to understand the effects of this greater exposure of males to testosterone. Instead, researchers have studied individuals exposed to hormonal environments that are abnormal because of unusual genetic conditions or hormonally active…
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  1. phil

    Good morning!  

    I have to be at the Nasdaq this morning and should be back by noon and then we'll try a Webinar at 1pm, hopefully.  Bottom line is I'll barely be able to chat.  I have to get an early start as I didn't feel like sleeping in the city but I'm also worried about the morning commute with Trump in residence.  I'm sure I'm on some kind of list at this point! 

    Yet another nice pop in the Futures this morning at the EU open and they are up almost 1% – about to test 3,500 on EuroStoxx, which should get rejected from 3,400 so 20-points (weak) is 0.5% and a strong rejection would be 1%, so that then translates to expecting at least a 0.5% pullback on our own indexes from their runs.

    On the DAX I'd call it 300 points up so 60-points back from 12,300 would be 12,240 (weak) or 12,180 (strong)

    The Dow had a 400-point run (1.8%) to 22,050 so 80-points back is 21,970 and then all the way back to 21,890 but I'm only expecting a weak retrace for now.  

    Still, that's another nice $400 dip on /YM so why not play it short at 22,050?

    /ES had a 30-point run to 2,470 and that's 6-points back to 2,463 and then 2,457 if it's so inclined to fill that gap.  

    /NQ 5,940 is an air reject from 5,950 from 5,800 and, even though it's 150 points, the Nas loves those 25-point lines so we'll look for 5,925 and 5,900 and below 5,900 means the others are likely to at least do a strong retrace too.

    /TF 1,370 back to 1,400 was a narrow move (and we fell from 1,430 so it was a 50% bounce which failed at 1,400).  That was meant


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Why the US shouldn’t start a trade war with China

 

Why the US shouldn't start a trade war with China

Courtesy of Greg WrightUniversity of California, Merced

File 20170814 28487 keg4dz

The U.S. is slapping tariffs on China-made aluminum, which could lead to a trade war. AP Photo/Paul Sakuma

The U.S. and China seem to be on the verge of a costly trade war.

Most recently, the Trump administration announced that Chinese shipments of aluminum foil will now face a hefty import tax, a decision that is intended to offset what the administration believes are unfair Chinese subsidies of its aluminum industry.

What this means in practice is that a handful of Chinese companies will now face “countervailing duties” ranging from 17 percent to 81 percent on their exports of aluminum to the U.S.

And a trade war may also be brewing between the U.S. and several Asian countries in the solar industry.

It is not unusual for the U.S. to punish businesses it deems to be “cheating” on global trade rules, and one should not be too quick to judge any specific punitive measure taken. But the fear is that we are now on a slippery slope toward a trade war, as China is certain to respond by taxing U.S. sales of goods in China.

So what does the U.S. get from trading with China and what could be the costs of a trade war?

Benefits of trade

This latest action comes on the heels of a breakdown in talks between the two countries over trade last month. More generally it is consistent with President Donald Trump’s repeated promises to protect U.S. companies from what he perceives to be unfair competition from China.

In addition, there is a strong chance that the administration will soon enact additional policies to limit the entry of Chinese products into U.S. markets, with the Chinese steel industry a good bet to be next in line to face punitive import taxes.

What is at stake if the dispute escalates further?

The benefits of trade can be summarized with a simple example. Consider the purchase of a new car. At the outset, some Americans prefer a…
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QOTD: Saying No to the S&P 500

 

QOTD: Saying No to the S&P 500

Courtesy of 

Being a US equity investor over the past several years has felt glorious. The S&P 500 has trounced the competition provided by other major developed and emerging equity markets. Over the last 7 years, the S&P is up 173% (15% annualized in nominal terms) versus MSCI EAFE (in USD terms), which is up 71% (8% annualized), and poor MSCI Emerging, which is up only 30% (4% annualized). Every dollar invested in the S&P has compounded into $2.72 versus MSCI EAFE’s $1.70 and MSCI Emerging’s $1.30. Diversification theoretically sounds good, but as Yogi Berra said, “In theory there is no difference between theory and practice, in practice there is.” Diversification in this particular instance seems good in theory but not so much in practice.

So, shouldn’t we agree with Trustee Smith and throw in the towel, index all of our equity exposure to the S&P 500, and call it a day? If our goal is compounding capital for the long term, which it is, we would not just say “No,” but something akin to “Hell no!” 

- Matt Kadnar & James Montier (GMO)

The S&P 500: Just Say No (GMO)

I never miss Montier’s stuff. He’s been skeptical of the rally in US stocks for a lot of the way up, as has been well documented, but that doesn’t mean his viewpoint ought to be dismissed out of hand – lots of very smart people have missed out for various reasons. Many of their reasons had some merit and still do.

Hit the jump above to read the whole paper, hot off the presses.





Trade War Tuesday – Trump “Probes” China, A Welcome Distraction

Related image1, 2, 3, 4 – I declare a trade war!  

Those of you who are students of economic history know that nothing is more damaging to an economy than a trade war and those of you who don't know enough history to believe there are "alternate facts" aren't worth trying to convince, so I won't waste time here.  Our President, of course, is not one to let facts get in the way of a rash decision and Trump is proposing special taxes on Chinese imports, starting with aluminum but actually, this is a sneaky way to stop the flow of cheap solar cells into the US to boost Trump's beloved coal industry (and the Koch Brothers).  

It is not unusual for the U.S. to punish businesses it deems to be “cheating” on global trade rules, and one should not be too quick to judge any specific punitive measure taken. But the fear is that we are now on a slippery slope toward a trade war, as China is certain to respond by taxing U.S. sales of goods in China.

All of this trade talk ignores the basic fact that China is our factory floor, the way the midwestern cities once were in the mid-20th century.  They were dirty and polluted and the kind of jobs people had were not the kind of jobs people actually wanted, which is why the people in the Northeast were thrilled to export those jobs and the pollution out west.  As the US developed and as World Trade became more efficient, we exported the jobs and factories all the way to Asia and China became the new Japan (who were our factory in the 70s) and now China is pushing those jobs and factories to Africa because, in the end – NOBODY ACTUALLY WANTS THEM!

Image result for iphone assembly lineAssembling IPhones is not a dream job but those are on the high end of of what we have exported overseas.  I'm going to focus on the IPhone so I can explain to you what an idiot our President is, without making it too complex.  

 Though the IPhone is an American product, it's assembled in China and those
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Charlottesville attack shows homegrown terror on the right is on the rise

 

Charlottesville attack shows homegrown terror on the right is on the rise

Courtesy of Arie PerligerUniversity of Massachusetts Lowell

File 20170814 5720 19n6pps

James Alex Fields Jr., second from left, holds a black shield in Charlottesville, Virginia, where a white supremacist rally took place. Alan Goffinski via AP

The attack in Charlottesville, Virginia, in which a man named James Alex Fields Jr. used his Dodge Challenger as a weapon against a crowd of protesters, underscores the growing violence of America’s far-right wing.

According to reports, Fields was a active member of an online far-right community. Like many other far-right activists, he believes that he represents a wider ideological community, even though he acted alone.

My 15 years experience of studying violent extremism in Western societies has taught me that dealing effectively with far-right violence requires treating its manifestations as domestic terrorism.

In the wake of the Charlottesville attack, the Department of Justice announced it would launch a federal investigation:

“…that kind of violence, committed for seeming political ends, is the very definition of domestic terrorism.”

This acknowledgment may signal that a growing domestic menace may finally get the attention it deserves. While attacks by outsider Jihadist groups will probably continue, domestic terrorism still deserves more attention than it’s getting.

Domestic terrorism

Terrorism is a form of psychological warfare. Most terrorist groups lack the resources, expertise and manpower to defeat state actors. Instead, they promote their agenda through violence that shapes perceptions of political and social issues.

Fields’ attack, if it was motivated by racist sentiments, should be treated as an act of domestic terrorism. Here I define domestic terrorism as the use of violence in a political and social context that aims to send a message to a broader target audience. Like lynching, cross-burning and vandalizing religious sites, incidents of this kind deliberately aim to terrorize people of color and non-Christians.

I consider domestic terrorism a more significant threat than the foreign-masterminded variety, in part because the number of domestic terror attacks on U.S. soil is greater. For example, my report published by…
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This is why Donald Trump can’t be human

 

This is why Donald Trump can't be human

From Double Down News

Donald Trump’s not human and planet earth’s DOOMED!! George Monbiot offers hope, but only a little and you have to wait till the end

 





White Supremacist Chaos in Charlottesville Is Just the Beginning

 

White Supremacist Chaos in Charlottesville Is Just the Beginning

I was in Charlottesville when the Nazis moved in. Here's what to expect if they come to your town.

Courtesy of 

This post first appeared on BillMoyers.com.

Arriving in downtown Charlottesville about a half-hour before the scheduled 12 noon start time for the Unite the Right rally on Saturday, it was clear that violence was inevitable. I rode past a throng of men with semi-automatic rifles slung across their backs, and a group of left-wing counter-protesters bearing sticks and clubs.

I was dropped off at Justice Park, where groups of peace-promoting hippies and religious liberals congregate blocks from the rally site. At the perimeter, observers from the National Lawyers Guild, wearing their trademark green caps, stood ready to offer protesters advice on their rights, and to stand vigil as men with assault rifles stood guard. The men were revolutionaries of Redneck Revolt, a left-wing group that embraces armed resistance. Virginia is an open-carry state, so there was no stopping anyone from arriving in Charlottesville with a permitted gun strapped to their bodies.

A counter-protester later told me that members of the pro-Trump group, the Proud Boys had “menaced” the Redneck Revolt guards at the park’s perimeter. Proud Boys is a recently-formed group whose fundamental aim appears to be to engage in physical conflict.

A few blocks away, I arrived at the edge of Emancipation Park, where the rally was supposed to have taken place, to find skirmishes already underway between right-wing extremists and members of the loose alliance known as AntiFa (for anti-fascist). Smoke billowed near the AntiFa contingent, perhaps from one of its own canisters, or maybe a so-called flash-bang hurled by police. It was all so chaotic, that it was difficult to understand what was taking place.

I stood on the grounds of the public library for a while, seeing that as a relatively safe place directly across the street…
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Only a Market of Stocks

 

Only a Market of Stocks

Courtesy of 

It’s hard to believe that the S&P 500 has been within 5% of its all-time high for the last 284 trading days, going all the way back to June, 2016. It would surprise no one if that streak ended sooner, rather than later.

On Friday, The S&P 500 closed 1.99% below its all-time high. The S&P 500 equal weight is 2.73% off its high, and the small stocks, the Russell 2000, is 5.36% off its high. But stock pickers and newsletter writers will say that just looking at the index fails to tell the whole story. Fair enough. Let’s look a little bit closer.

The average Russell 2000 stock is already in a bear market, falling 22.42% from its 52-week high. However, since there are no positive numbers when looking at “percent from 52-week high,” and because there are so many outliers – 38 stocks are in a 70% drawdown – I prefer to use the median when doing this sort of analysis. The median tells a similar, but more accurate story.

The median Russell 2000 stock is 17.38% from its 52-week high. Likewise, the average and median S&P 500 stock are 8.04% and 11.77% from their 52-week highs. Are these scary numbers? Do they foreshadow something ominous on the horizon? Maybe, but nobody can know with certainty.

What if I were to tell you that median and average Russell 2000 stock are 29.55% and 51.85% above their 52-week lows, or that the median and average S&P 500 stock are 24.16 and 27.16% higher than their 52-week lows? Doesn’t this type of advance make a potential decline less worrisome? I suppose the answer to that depends on what type of investor you are, and whether your last purchase was closer to the 52-week low or the 52-week high.

So how should we think about the market of stocks? In a 1963 lecture, Ben Graham commented on this:

There is no real “stock market”, but only, as the Wall Street people like to say, “only a market of stocks”–deserves a moment or two of discussion. What they mean by saying this is that investment


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QOTD: a matter of personal conscience

 

QOTD: a matter of personal conscience

Courtesy of 

This comes as both GoDaddy and Google kicked a Nazi website’s domain and content off their servers. Is this the beginning or just a one-off? Who, if anyone, will be the next to stand up and say that racial hatred and violence is not okay?

Read the whole story:

Merck’s Leader Took a Stand. What About the Other C.E.O.s? (DealBook) 





 
 
 

ValueWalk

The Decline of Social Groups and the Erosion of the Social Order

By PeakProsperity. Originally published at ValueWalk.

In the conventional view, there are two kinds of revolutions: political and technological. Political revolutions may be peaceful or violent, and technological revolutions may transform civilizations gradually or rather abruptly—for example, revolutionary advances in the technology of warfare.

In this view, the engines of revolution are the state—government in all its layers and manifestations—and the corporate economy.



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Zero Hedge

Polish Minister Rages At Spanish Attacks: Europeans Must "Wake Up" To This "Clash Of Civilizations"

Courtesy of ZeroHedge. View original post here.

Europe must "wake up," urges Poland initerior minister Mariusz Blaszczak, telling state TV that "we are dealing with a clash of civilazations," where Muslim enclaves form “support bases” for terrorists.

The official, a member of the ruling rightwing Law and Justice Party (PiS), said he asked his country’s security ser...



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Phil's Favorites

Problems Too Big and Too Many To Fix: Trump Will Be the Fall Guy

Courtesy of Mish.

The axe fell on Steve Bannon Friday.

Mid-day, mainstream media proclaimed stocks were up because of the firing. Stocks closed the day down. Apparently, stocks were both up and down due to Bannon.

Now Banon is Back on the Outside, back at Breitbart, and happy to be there.

Stephen K. Bannon has always been more comfortable when he was trying to tear down institutions — not work inside them.

With his return to Breitbart News, Mr. Bannon will be free to lead the kind of ferocious assault on the political establishment that he relishes, even if sometimes that means turning his wrath on the White House itself.

Hours after his o...



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Chart School

Gold steps formation is bullish

Courtesy of Read the Ticker.

Making a clear judgment on price trend that's is correct is critical, after all the most common advice from the large heads on Wallstreet is to follow the trend. This means your trend tools must provide the clear and correct answer, readtheticker.com members are encouraged to consider RTT Steps as their preferred trend tool.

These chart examples should prove our point. RTT Steps is much better than moving averages, hands down!

Gold example

Click for popup. Clear your browser cache if image is not showing.



Apple Inc example
...

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Insider Scoop

Things To Like, Things To Watch At The Gap

Courtesy of Benzinga.

Related GPS 20 Stocks Moving In Friday's Pre-Market Session A Peek Into The Markets: U.S. Stock Futures Edge Higher Ahead Of Consumer Sentiment Repor...

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

Digital Currencies

Ukrainian Lawmakers Disclose $45 Million In Bitcoin Holdings

Courtesy of ZeroHedge. View original post here.

As Ukraine's crackdown on corruption continues, three lawmakers from Ukraine’s ruling party revealed this week that they own a combined $45 million in bitcoin, according to a report by RIA Novosti, a Russian foreign news service.

Their holdings came to light during mandatory financial disclosures by members of the Ukrainian parliament, part of an IMF-approved strategy to tamp down corruption in Ukraine. The country's democratic institutions, which were never very robust to begin with, have been further destabilized by...



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OpTrader

Swing trading portfolio - week of August 14th, 2017

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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Biotech

Editing human embryos with CRISPR is moving ahead - now's the time to work out the ethics

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

Editing human embryos with CRISPR is moving ahead – now's the time to work out the ethics

Courtesy of Jessica BergCase Western Reserve University

There’s still a way to go from editing single-cell embryos to a full-term ‘designer baby.’ ZEISS Microscopy, CC BY-SA

The announcement by researchers in Portland, Oregon that they’ve successfully modified the genetic m...



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Members' Corner

Why we need to act on climate change now

 

Why we need to act on climate change now

Interview with Jan Dash PhD, by Ilene Carrie, Editor at Phil’s Stock World

Jan Dash PhD is a physicist, an expert at quantitative finance and risk management, and a consultant at Bloomberg LP. In his thought-provoking book, Quantitative Finance and Risk Management, A Physicist's Approach, Jan devotes a chapter to climate change and its long-term systemic risk. In this article, Ilene interviews Jan regarding his thoughts on climate change and the way it can affect our futu...



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Mapping The Market

The App Economy Will Be Worth $6 Trillion in Five Years

Courtesy of Jean-Luc

This would be excellent news for AAPL and GOOG to a lesser extent although not inconsequential:

The App Economy Will Be Worth $6 Trillion in Five Years 

In five years, the app economy will be worth $6.3 trillion, up from $1.3 trillion last year, according to a report released today by app measurement company App Annie. What explains the growth? More people are spending more time and -- crucially -- more money in apps. While on average people aren't downloading many more apps, App Annie expects global app usership to nearly double to 6.3 billion people in the next five years while the time spent in apps will more than double. And, it expects the...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

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

Click here for the full report.




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

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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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