Posts Tagged ‘Al Gore’

It Turns Out It was Al Gore’s Sex Drive Burning Holes in the Ozone Layer All Along

It Turns Out It was Al Gore’s Sex Drive Burning Holes in the Ozone Layer All Along

Courtesy of Jr. Deputy Accountant 

Who knew Gore even had one?


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Back in Black: Glenn Beck’s Nazi Tourette’s

Back in Black: Glenn Beck’s Nazi Tourette’s

Courtesy of Miss Trade, Trading for the Masses  

Glenn Beck plays Six Degrees of Kevin Bacon, except there’s just one degree and Kevin Bacon is Hitler. Back in Black segment featuring Lewis Black. From The Daily Show Wednesday May 12, 2010.

more about " Back in Black: Glenn Beck’s Nazi Tou…", posted with vodpod 

 


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America’s Commodity Crisis – 2010 Edition

Ouch!

We did not expect to break higher this week.  After a stellar week last week where we had 49 winners in 56 trades, I’m dreading this week’s review as I really feel like my picks were too bearish overall.  Of course, the bulk of our trading is in bullish long-term positions that are doing very well but that doesn’t mean I don’t like to win the short game as well.  As I said at the close of last week’s review: "I’ll be in a foul mood if we have a commodity rally that moves the Dow up on Monday but it will be my own fault – as I often say to members – CASH is so much more flexible!"  And you know what – we did have a commodity rally and I AM in a foul mood! 

Commodities are a TAX.  They are the worst kind of tax because they flatly (not progressively) charge every man woman and child in this country more money for the same food, fuel, shelter and clothing that they had to have last week in order to live.  It doesn’t matter if those people are trying to save or trying to tighten their belts or trying to get out of debt – high commodity prices are a shake-down that rips money out of the pockets of the middle class and funnels it to the very, very small class of commodity producers, commodity speculators and the people who finance them and collect the fees.

Over 99% of the people in this country do not own mines or oil wells (and I’m not counting small farmers because they are literally raped by speculators and bankers, often leaving them worse-off than the consumers) or huge plantations and they do not buy futures contracts on margin with cash they borrow at prime plus 0.5% nor do they own tankers filled with 2M barrels of crude that they arbitrage along the crack spread, looking for an opportune moment to deliver their goods (hopefully during a crisis) at a maximum profit. 

So 99% of the people in this country don’t even own a commodity ETF – they have no way to profit from high commodity prices and they need to eat, and they need to buy clothing and have shelter and they need fuel to heat or cool their homes and go from place to place.  There is
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The Global Warming Religion – A Modern Day Crusade: Do You select The Cause or Does the Cause Select You?

This is another must-read post by Mish on science vs. propaganda. Unfortunately it seems that propaganda trumps science, at least long enough to cause immense damage. - Ilene

The Global Warming Religion – A Modern Day Crusade: Do You select The Cause or Does the Cause Select You?

Courtesy of Mish

I received a lot of emails in response to Beware The Ice Age Cometh: Hackers Prove Global Warming Is A Scam

Many were from religious zealots of global warming theory, and as you might surmise they were not printable.

A few common sense comments came my way suggesting that the hackers or insiders (I believe the latter) did not prove global warming was a scam, only that that there is proof scammers are involved in global warming.

I have to admit that is true. Apologies offered. That admission aside, even more damning data has surfaced in regards to data manipulation.

The site Watts Up With That? has this interview with Dr. Tim Ball

It seems Dr. Tim Ball was aware of the data manipulation but could not prove it. Here is a partial transcript but I assure you the video is worth listening to entirely.

"[The Emails] confirm suspicions that I have had in 30 years of working in climate science that I saw the hijacking of climate science particularly by computer modelers and then by a small group of people associated with the intergovernmental panel on climate change. The difficulty was that even though I sensed there was these thing going on, proving it is extremely difficult. But now with the exposure of these public files it is not only a smoking gun, it’s a battery of machine guns. … On A global scale it’s frightening. This group of people not only controlled the Hadley Center which controls the global data on temperatures, so that the global temperature record is in their hands, they also control the IPCC. … The IPCC is the basis in all governments for the Kyoto Protocol, the Copenhagen Accord, and so on. ….. The problem they had is they kept saying the 20th century and the latter part of it is the warmest ever. And of course skeptics like myself [and several other names] were saying it was warmer 1000 years ago when the Vikings were in Iceland and Greenland and that’s


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Shocked, Shocked to Find That Fraud is Going on in Here

Excellent post, ep’s take on "climate-gate," and the corruption of science by politics. - Ilene

Shocked, Shocked to Find That Fraud is Going on in Here

Courtesy of ep at finem respice/reflection on consequences  

you mean you weren't expecting to find that in there?

The Really Big News™ is actually that there is no really big news. Much is being made of the recent hack of the Hadley Climatic Research Center (the "CRU") whereby over a thousand emails along with documents as well as data and code were lifted and published to an FTP site before being linked to by "The Air Vent" blog and then… the world.

The leak appears to show climate scientists shaping results, strategizing on how best to conceal data and analysis from the public, planning public relations to get their message out irrespective of the most recent data setbacks, debating the best way to influence the "man on the street," discussing means to deal with critics via the press and otherwise, and reacting with barely contained glee to the news of an opponent’s untimely death. While the general consensus is that the most damaging emails appear to reference the now semi-famous "hockey graph" illustration that has been a favorite of the United Nations (and everyone else pushing radical climate change policy) for a decade, I think something much more insidious (and actually quite ordinary) emerges from between the many subject lines. Rank corruption.

Shock and surprise at the conduct of particular individuals within the CRU seem the order of the day. I’m not quite sure why. If, indeed, the disclosures are genuine (and it certainly appears on first blush that they are) how is it news that "scientists" embroiled in what long ago ceased to be scientific research and now amounts to a political campaign would cut corners, sabotage critics, conceal or even destroy data and analysis, massage results and graphics and otherwise act exactly like politicians, particularly where their careers, the body of their life’s work and their continuing income stream were at risk?

It isn’t of course. They are politicians.

The surprise should be that something like this wasn’t revealed earlier. (Well it was, but no one seems to count the glaring errors in Al Gore’s public presentation as relevant for some reason- polish always


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China Admonishes US Monetization, Sees a Hard Fall for the Dollar Over Time

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Jesse elaborates on the Telegraph’s article on China and US money printing. – Ilene

China Admonishes US Monetization, Sees a Hard Fall for the Dollar Over Time

Courtesy of Jesse’s Café Américain

China is saying many things which are true.

They are also omitting many things that are key to the cause of our financial problems. They bought the silence of a succession of US political administrations over their blatant currency manipulation in support of trade subsidies, including the outright contributions to Clinton and Gore, and the cronyism with Bush.

China is a significant part of the problem, and like so many dogs that Wall Street helps to set up to further their gains, this one refuses to wag its tail on command.

The blowback on the US dollar will be significant.

Telegraph UK
China alarmed by US money printing
By Ambrose Evans-Pritchard
Cernobbio, Italy
9:06PM BST 06 Sep 2009

The US Federal Reserve’s policy of printing money to buy Treasury debt threatens to set off a serious decline of the dollar and compel China to redesign its foreign reserve policy, according to a top member of the Communist hierarchy.

Cheng Siwei, former vice-chairman of the Standing Committee and now head of China’s green energy drive, said Beijing was dismayed by the Fed’s recourse to "credit easing".

"We hope there will be a change in monetary policy as soon as they have positive growth again," he said at the Ambrosetti Workshop, a policy gathering on Lake Como.

"If they keep printing money to buy bonds it will lead to inflation, and after a year or two the dollar will fall hard. Most of our foreign reserves are in US bonds and this is very difficult to change, so we will diversify incremental reserves into euros, yen, and other currencies," he said. (China is already a strong buyer in the precious metals markets, and is encouraging its citizens to buy gold and silver as well – Jesse)

China’s reserves are more than – $2 trillion, the world’s largest.

"Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets," he added. (The short interest being held by three or


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Banksters Love Cap-and-Trade

Deceit, otherwise known as burying unrelated provisions in bills at the last moment, hoping no one will see them, like the Lilly Protection Act in the Homeland Security Bill, reflects very poorly on Congress but appears to be the way things are done. – Ilene

Banksters Love Cap-and-Trade

The well-placed and well-connected are set to make trillions off new climate bill; economic collapse about to accelerate

Courtesy of James Corbett
The Corbett Report

The sweeping new bill which just passed the House last Friday, the Clean Energy and Security Act of 2009, is ostensibly about climate change, but it is in fact a bill of staggering economic ramifications that is going to accelerate the takeover of the economy by the well-placed financiers who have already plundered the Treasury and the Fed of $12+ trillion and counting. It was rushed through the House in the tradition of such nightmarish legislation as the Patriot Act and the banker bailout of last October: hundreds of pages were added to it at the last minute and it was humanly impossible for anyone to have read it before they voted on it. This, of course, is exactly what Obama promised his administration would never allow to happen, and for good reason; bills passed in this manner are always the result of fear and panic and inevitably results in legislation that would never be passed upon sober second thought.

In this case, the rush to pass this new bill was an attempt to stop any scrutiny of a plan that is going to utterly transform the American economy, further centralize control of citizens’ lives in the hands of unaccountable federal bureaucrats and complete the transfer of the American economy from Main Street to Wall Street. And all of this in the name of fighting a threat which itself is a demonstrable fraud. In short, the banksters and bureaucrats are sharpening their knives, preparing to butcher what’s left of the carcass of the United States, and a good portion of the public are not only willing to allow it but are actually clamoring for it.

The first thing that needs to be understood about the brand new trillion dollar carbon-trading commodities market that will be brought into existence if this bill passes the Senate is that it is a ripoff designed by and for the very corporate interests…
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Phil's Favorites

The Rally is Rotting from Within

Courtesy of Joshua M. Brown

Bank of America Merrill Lynch’s ace technician Stephen Suttmeier is out with his big monthly chart book this weekend and he leads off with a pair worthy of our attention.

The number of S&P 500 52-week lows that have piled up here at the midpoint of 2015 is not a good thing. The market has been able to shrug off lots of internal breadth problems over the last few years, but this could be a big enough problem to do permanent damage to the advance. The major average has now been stalling for over half a year while the constituent stocks have been dropping to new year-lows one by one.

The tally now stands at 42 and counting. It’s not easy to make a meaningful new high in the index when 10% of the companies included are dropping precipit...



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Zero Hedge

Furious Americans Demand Extradition Of Cecil-Killing Dentist As Poachers Kill Lion's Brother

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Update: The status of Cecil's brother is now the subject of a "dispute" between conservationists.

*  *  *

There’s a lot going on in the world, but you wouldn’t know it if you tuned in to the nightly news because according to the mainstream media, the only thing that happened anywhere last week is that a dentist shot a lion. 

(Cecil the lion is the one on the right)

That’s right folks, Walter killed Cecil and some folks - scratch that - a lot of folks are unhappy about it.

In fact, hundreds o...



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ValueWalk

Our Commodity Diffusion Index Is At Its Lowest Level Since 2/2009 [Charts]

By Gavekal Capital Blog. Originally published at ValueWalk.

Our Commodity Diffusion Index Is At Its Lowest Level Since 2/2009 by Eric Bush, Gavekal Capital

One of the way we like to track commodity prices is by using a a diffusion index. A diffusion index is a simple way of tallying how many commodities are higher over the past year and how many are lower over the past year. If a commodity is higher than it receives a +1, if it is lower than it receives a -1. In the index below, we are tracking 20 different commodities. This means that the highest level for the index is +20 and the lowest level is -20. It currently stands at -16 so 18 commodities are lower over the past year aga...



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Kimble Charting Solutions

Commodities – 20-Year bear market in play?

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

This chart looks at the Thompson/Reuters Commodity Index on a monthly basis for the past 50 years

The index took off in the early 1970’s and rallied over 200% in a little over a decade at (1). Then it created a potential double top. What followed at (2)? An unwinding of the rally that lasted nearly 20-years, taking it to the bottom of its rising channel.

In the early 2000’s, the index took off again, gaining over 250% in a decades time at (3) and the rallied looks to have ended in 2011, as it was hitting the top of this long-term rising channel.

Since hitting the top of the channel the index has been pretty soft,...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Hedge Funds Boost Bullish Treasury Futures Bets to Two-Year High (Bloomberg)

As oil prices tanked, hedge-fund managers and other large speculators increased bullish bets on Treasury securities to the most in two years, even as the Federal Reserve moves closer to raising interest rates.

Crude Tumbles Near $46 Handle As US Oil Rig Count Rises For 2nd Week (Zero Hedge)

After last week's surge in total rig count, this week saw a modest 2 rig drop to 874 total rigs. However, oil rigs rose...



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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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Insider Scoop

MagneGas Conducts Demonstrations for Fossil Fuel Division of Major NE Utility

Courtesy of Benzinga.

MagneGas Corporation (NASDAQ: MNGA) this week completed metal cutting demonstrations with over 40 representatives from the Fossil Fuel division of a major northeast Utility. The Company believes the demonstrations were successful as they have received multiple requests for fuel as a result of those meetings.

The Utility is one of the ten largest in the United States with over $35 billion in assets and large volume use of acetylene. Multiple company officials and representatives from the Fossil Fuel Division of the Utility were in attendance. This particular division is the largest user of acetylene and propane at the Company. The test used MagneGas® to cut 2 inch steel plates and resulted in very little pre-heat time with clean cuts. Officials have indicated an int...



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Chart School

Markets Remain Near and Above, Yesterday's Highs

Courtesy of Declan.

Tech indices finished strong after they overcame the opening half hour of selling. The Fed statement was greeted favorably, although market breadth is not looking pretty. The Nasdaq still has a distance to travel to make back all of its losses, but has done well to hold up against Semiconductor weakness.


The Semiconductor Index is struggling to make inroads against past losses as the Nasdaq and Nasdaq 100 push respectable gains. I find it hard to see how this scenario can continue, ...

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Sabrient

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

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

Courtesy of Sabrient Systems and Gradient Analytics

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

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



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OpTrader

Swing trading portfolio

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

 

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

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

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

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



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Digital Currencies

Gold Spikes Back Above $1100, Bitcoin Jumps

Courtesy of ZeroHedge. View original post here.

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

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

Charts: Bloomberg and Bitcoinwisdom

...

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Pharmboy

Baxter's Spinoff

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

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

The Baxalta Spinoff

By Ilene with Trevor of Lowenthal Capital Partners and Paul Price

In its recent filing with the SEC, Baxter provides:

“This information statement is being ...



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Mapping The Market

An update on oil proxies

Courtesy of Jean-Luc Saillard

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

Since...



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Promotions

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

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

 

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

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

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Help One Of Our Own PSW Members

"Hello PSW Members –

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

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

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

Thank you for you time!




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