Did MSNBC make a mistake in pulling Donny Deutsch’s show about anger in American media, which I never would have watched, but now kind of wouldn’t mind having it on in the background, or is this all a publicity grab?… So, so cynical.
MSNBC has spiked a planned weeklong report by adman Donny Deutsch called, "America the Angry," after part of one installment made network anchor Keith Olbermann, uh, angry. Deutsch included Keith-O in a segment on angry media figures, along with Rush Limbaugh, Glenn Beck and Bill O’Reilly. Hmmm, what could have set him off?
The incident led to charges that MSNBC, a unit of NBC Universal, had stifled criticism of itself on its own channel.
“The segment did not go unnoticed and we’re dealing with it internally,” Jeremy Gaines, an MSNBC spokesman, said Wednesday.
Four people briefed on MSNBC’s decision said that Mr. Olbermann was angered by the segment, and that his displeasure prompted the cancellation of the “America the Angry” series. But in an e-mail message Mr. Olbermann said that account was untrue; he wrote that Phil Griffin, the president of MSNBC, “phoned me yesterday enraged at what was on that show and I didn’t disagree with him.”
Mr. Deutsch, the well-known advertising executive, declined to comment on either version of events Wednesday afternoon, but said that “for whatever reason they decided they didn’t want to go with it the rest of the week.”
Funny, but I don’t recall NBC pulling the plug on "Saturday Night Live" after this:
The situation is escalating quickly in Baltimore after police said they received "credible" threats from street gangs who have promised to ban together to "take out" cops in the wake of protests surrounding the funeral of Freddie Gray who died after suffering a spinal injury while being taken into custody by authorities.
Now, the SWAT team has been called out to confront protesters
Last week, stocks cycled bullish yet again. In fact, the S&P 500, NYSE Composite, and NASDAQ each closed at record highs as investors positioned for the heart of earnings season in the wake of strong reports from some of the Tech giants. Notably, Utilities stocks got some renewed traction as yield-starved investors returned to the sector. Although our trend-following sector rotation model remains bullish, strong overhead technical resistance and neutral rankings in our SectorCast quant model indicate that caution is in order, and this might not be the moment for a major upside breakout, particularly given the expected softness in earnings reports.
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 funda...
Apple closed last week at an all-time weekly closing high at (1) in the chart above. Apple recently broke above its 4-year rising channel, came back to test old resistance and pushed higher, setting this new record high.
In November of last year, when Apple was trading below $110 per share, the Power of the Pattern shared that Apple’s upside target stood at $150.(See post here)
The S&P 500 opened higher and rallied to its record intraday high around 10 AM. After trending sideways for about an hour, the index began a steady selloff its -0.50% intraday low about 15 minutes before the closing bell. Some final trading trimmed the loss for the day to -0.41%.
Today the yield on the 10-year Note closed at 1.94%, up one bp from Friday's close.
Here is a 15-minute chart of the past five sessions.
Here is a daily snapshot of SPY ETF, which gives a better sense of investor participation, which was rather light in advance of the mid-week release of the Advance Estimate for Q1 GDP and the latest word from the Federal Open Market Committee.
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Here's an interesting argument by Felix Salmon, although I think he is taking two correct observations and mistakenly attributing a cause-and-effect relationship to them: Bitcoin is going nowhere because women are not involved.
More likely, in my opinion, women are not involved in bitcoin because bitcoin is going nowhere (and they know it). Or maybe, simply, bitcoin is going nowhere and women are not involved.
Nathaniel Popper’s new book, Digital Gold, is as close as you can get to being the definitive account of the history of Bitcoin. As its subtitle proclaims, the book tells the story of the “misfits” (the first generation of hacker-l...
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...
In my last post (Part 1 of this article), I looked at alternative ETFs that could be used as hedges against the corrections that we have seen during that long 2 year bull run. Looking at the results, it seems that for short (less than a month) corrections, a VIX ETF like VXX could actually be a viable candidate to hedge or speculate on the way down. Another alternative ETF was TMF, a long Treasuries ETF which banks on the fact that when markets go down, money tends to pack into treasuries viewed as safe instruments. In some cases, TMF even outperformed the usual hedging instruments like leveraged ETFs. There could of course be other factors at play since some of 2014 corrections were related to geopolitical events which are certain...
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PSW Members - well, what a year for biotechs! The Biotech Index (IBB) is up a whopping 40%, beating the S&P hands down! The healthcare sector has had a number of high flying IPOs, and beat the Tech Sector in total nubmer of IPOs in the past 12 months. What could go wrong?
Phil has given his Secret Santa Inflation Hedges for 2015, and since I have been trying to keep my head above water between work, PSW, and baseball with my boys...it is time that something is put together for PSW on biotechs in 2015.
Cancer and fibrosis remain two of the hottest areas for VC backed biotechs to invest their monies. A number of companies have gone IPO which have drugs/technologies that fight cancer, includin...
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 email@example.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.
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