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Featured Authors and Contributors to Phil’s Stock World & More

Michael Hudson

Michael Hudson is a distinguished Research Professor of Economics at University of Missouri, Kansas City (UMKC), a Wall Street Analyst, consultant, and president of The Institute for the Study of Long-term Economic Trends (ISLET). He is also Chief Economic Advisor to the Reform Task Force Latvia (RTFL) and author of America’s Protectionist Takeoff and Super Imperialism – New Edition: The Origin and Fundamentals of U.S. World Dominance. His website is michael-hudson.com. Several books by Michael:

 
John Rubino

John Rubino is the co-author, with GoldMoney’s James Turk, of The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets, and author of Clean Money: Picking Winners in the Green Tech Boom,How to Profit from the Coming Real Estate Bust: Money-Making Strategies for the End of the Housing BubbleMain Street, Not Wall Street: Investing Close To Home--the Smart Way To Make More Money

After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s, John was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He now writes for CFA Magazine and manages and writes and edits at the terrific websites DollarCollapse.com and GreenStockInvesting.com.

John discussed the U.S. dollar and clean technology in his interview with me several month’s ago, here.  

 

 

Robert Reich

Robert Reich is Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written twelve books, including the following. His "Marketplace" commentaries can be found on publicradio.com and iTunes

Aftershock: The Next Economy and America’s FutureSupercapitalism and The Future of Success: Working and Living in the New Economy and Locked in the Cabinet

 

James Howard Kunstler

Mr. Kunstler worked as a reporter and feature writer for a number of newspapers, and finally as a staff writer for Rolling Stone Magazine. In 1975, he dropped out to write books full-time. His books include Home from Nowhere: Remaking Our Everyday World for the 21st Century, The Long Emergency: Surviving the End of Oil, Climate Change, and Other Converging Catastrophes of the Twenty-First Century and World Made by Hand: A Novel. He is the author of many other books and also a regular contributor to the New York Times Sunday Magazine and Op-Ed page, where he has written on environmental and economic issues. 

 

Micheal Pettis 

Michael Pettis is a Senior Associate at the Carnegie Endowment for International Peace and a finance professor at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets. He has taught, from 2002 to 2004, at Tsinghua University’s School of Economics and Management and, from 1992 to 2001, at Columbia University’s Graduate School of Business.  He is also Chief Strategist at Shenyin Wanguo Securities (HK).  Michael is also the author of the book The Volatility Machine: Emerging Economics and the Threat of Financial Collapse.  More here.>

 

Vitaliy N. Katsenelson

Vitaliy N. Katsenelson is a virtual portfolio manager/director of research at Investment Management Associates in Denver, Colo.  He is the author of  "Active Value Investing: Making Money in Range-Bound Markets (Wiley Finance)" (Wiley 2007). For more by Vitaliy, visit his website, Contrarian Edge. 

  

 

Janet Tavakoli   

Janet Tavakoli is the president of Tavakoli Structured Finance, a Chicago-based firm that provides consulting to financial institutions and institutional investors. Ms. Tavakoli has more than 20 years of experience in senior investment banking positions, trading, structuring and marketing structured financial products. She is a former adjunct professor of derivatives at the University of Chicago’s Graduate School of Business. She is the author of: Credit Derivatives & Synthetic Structures: A Guide to Instruments and Applications, 2nd Edition and Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization. Janet Tavakoli’s book on the global financial meltdown is Dear Mr. Buffett: What An Investor Learns 1,269 Miles From Wall Street

Antonio Damasio

Self Comes To Mind -- very interesting interview with eminent neuroscientist Antonio Damasio. Antonio Damasio pioneered several important themes in studying the mind and consciousness, including the importance of emotion. - Ilene 

Books by Antonio Damasio: Self Comes to Mind: Constructing the Conscious Brain (new), Descartes’ Error: Emotion, Reason, and the Human BrainThe Feeling of What Happens: Body and Emotion in the Making of Consciousness and Looking for Spinoza: Joy, Sorrow, and the Feeling Brain

  

 

Books on Trading:

Books on the Economy

Michael Lewis

Recent interview with Michael Lewis:  Michael Lewis Slams Wall St., Leadership Deficit – Bloomberg.

Widget of Book Recommendations  

*****

Amazon Book Store Link

 

 

Phil's Favorites

MF Global: Francine McKenna of re: The Auditors Gives a Plausible Explanation

Courtesy of Jesse's Cafe Americain

Francine McKenna is an ex-auditor from Price, Waterhouse Coopers. 

McKenna has a blog called re: The Auditors, and also writes for Forbes.

MF Global is a slowly boiling scandal. It is always the cover up that brings the most damage, rather than the initial criminal acts that are committed by a few.

She provides a very plausible description of what really happened at MF Global, and I find it to be entirely consistent with my own thoughts and extensive reading on the subject.

She does not address the actual cause of the MF Global bankruptcy but that is another matter. 

It is a dirty business. And Francine is a highly credible source.

This will start viewing at 13:...



more from Ilene

Chart School

World Markets Weekend Review: The Rally Slows

Courtesy of Doug Short.

The 2012 rally slowed last week as the average gain of our basket of eight markets dropped from 2.01% the previous week to a flat finish of 0.06%. Geographic rotation was the dominant pattern, with the world leadership moving from Europe to the Asia Pacific. Thus, the top performing Nikkei 225 had been the worst performer at the end of the previous week, while the three European indexes were demoted from stellar to cellar. The S&P 500 again finished near the middle of the pack, but in the spirit of the overall slowdown, a finish near the middle was a week-over-week close (fractionally) in the red.

The adjacent table shows the 2012 year-to-date performance of our gang of eight. Three markets have maintained their double-digit gains at the end of six weeks, with the BSE SENSEX overtaking the DAXK (i.e., the DAX ex dividends) for the lead with the Hang Seng in...



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Zero Hedge

Apple at $1000/share? Oh, at LEAST!

Courtesy of ZeroHedge. View original post here.

Submitted by Tim Knight from Slope of Hope.

(Note - I got an invitation from Tyler this morning to contribute to ZeroHedge, which completely made my day. I've got a little blog called the Slope of Hope, wrapping up its 7th year. I hope to become a regular here over at ZH; thanks, Tyler!)

Most of you have probably already seen the bullgasm happening over at Barron's. Here's their cover for the week:

...



more from Tyler

Sabrient

Sabrient Risers - 2/11/2012

Top 5 RisersStockRatingAnalysisICABUYThe projected value for Empresas ICA is still rising quickly even though past earnings have already improved significantly.XBUYThe projected value for US Steel is still rising quickly even though past earnings have already improved significantly.FEICBUYProjected value continues to rise for FEI while long term increases in earnings growth are also becoming more widely expected.ASBCBUYMany analysts are expecting higher than previously expected long term growth from Associated Bancorp, and its near-term earnings outlook is also improving....

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Insider Scoop

Benzinga's M&A Chatter for Friday February 10, 2012

Courtesy of Benzinga.

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday February 10, 2012:

Actuant Acquires Jeyco Pty

The Deal:
Actuant (NYSE: ATU) announced Friday that it has acquired Jeyco Pty Ltd (“Jeyco”). Headquartered near Perth, Australia, Jeyco designs and provides specialized mooring, rigging and towing systems and services to the offshore oil & gas industry in Australia and other international markets. Additionally, its highly engineered products are used in a variety of applications for other markets including cyclone mooring and marine, defense and mining tow systems. Jeyco generates annual revenues of approximately $20 million.

Actuant shares closed at $27.33 Friday, a loss of 0.18% on average volume.

...

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

Market Montage

And Still Not a Single 1% Down Day in 2012

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

A little flurry of buying in the closing 5 minutes tacked on 2 S&P points and took the major indexes off the lows.  Only the Russell 2000 finished with a greater than 1% loss (1.4%) as it has been relatively weak versus the senior indexes for the past few sessions.   While today was the "worst day of the year" – it was quite a low bar as the previous biggest loss on the S&P 500 was -0.57%.

The S&P 500 held well above the 10 day moving average (didn't even really touch it) and did not even attempt to fill the gap from last Friday's employment report.  The teflon market rolls on for now.  Specul...



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ETF Selector

ETFs Skid On Greece (VGK, EWG, FXE, DIA, SPY)

Courtesy of John Nyaradi.

Greece was “saved” for less than 24 hours but now major ETFs around the world skid into the weekend on Greek fears

After wangling for a week or more, Greek took their new deal to the European Ministers meeting, only to have it promptly rejected and so as we go into the weekend, major global markets and ETFs have again hit the skids on Greece.

After two years of wangling, the European zone is demanding yet more and deeper cuts for Greece to qualify for the next round of bailout loans that will keep the country from going bankrupt on March 20th.

Major European and United States ETF responded negatively to the new developments:

SPDR Dow Jones Industrial ETF (NYSEARCA:...



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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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Option Review

True Religion Falls Apart At The Seams After Earnings

 

Today’s tickers: TRLG, KR & IGT

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more from Caitlin

OpTrader

Swing trading portfolio - week of February 6th, 2012

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

Optrader 

...

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Stock World Weekly

Stock World Weekly: The Relentless Pursuit of Meaningless Metrics

NEW: Elliott and Ilene are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly, called "The Relentless Pursuit of Meaningless Metrics."  

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IRA Strategy/Income Trader

Weekend Virtual Portfolio Update 1/30/2012

Here is a quick update of past trades and our current position. AA Money No trade this week as we wait for AA to settle. Phil remarked last week that AA seemed overvalued. In the meantime, it looks like we might have to roll our Feb 9 calls. Good thing we sold only 5 of them against our position. Last week P&L - 310.00 We lost ground last week, but we still have 11 months to sell premium! FAS Money Very good week for FAS Money as we benefited from the large amount of premium sold the previous week. We covered most of the shorts in advance of the Fed speech, but sold another set of options on Wednesday after the speech - 2 FAS calls that expired worthless on Friday, 2 FAS put that we are still holding and 2 FAZ put that we bought back for a profit on Friday. A late stick comparable to last week's almost gave us problems at the end of the day though! Last week P&L - $4277.00 IWM Money A decent week in this virtual portfo...

more from Strategies

Pharmboy

Biotech Investing for 2012

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

Finding new and exciting Biotech companies that target novel mechanisms is like trying to find a needle in a haystack.  Sure there are many companies working on cutting edge science, but investing in those companies to reap the rewards of their work is a very dangerous game.  More often than not, companies fail because the mechanism does not pan out, the compound(s) do not have pharmacokinetics (get into the body or last very long in the body), or an adverse event happens that knocks years off a development timeline.  In addition, the stock can be manipulated by market makers so investors don't know which way is up.  I approach investing in biotechs as a long term prospect.  I continue to like our current portfolio of biotech companies (join in chat for many of those plays), and we continually add/subtract shares and sell/buy options on ...



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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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Ilene is editor and affiliate program coordinator for PSW. She manages the Favorites backup site (blogroll, archives, more). Contact Ilene to learn about our affiliate and content sharing programs.

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