Posts Tagged ‘Bill Cara’

Bill Cara’s Blog

Bill argues that the Geithner/Obama economic stimulus plan to co-opt the equity markets, while effective so far, is neither sustainable nor healthy. – Ilene

Bill Cara’s Blog for January 11, 2010

Courtesy of Bill Cara  

Gold Coin

Morning Call

Trading in the Gold market Friday and again this weekend was bizarre. We need to look into this situation closely.

With the release of the US December Jobs Report on Friday, the spin was that there was a negative surprise, which would lead to more Quantitative Easing, which in turn would lead to higher Gold prices. Gold popped for just a few minutes, and then sidetracked the rest of the day. So who made any money? Just as important, the November Jobs Report was revised stronger, which balanced out the reported December weakness. So it looked to me that the economic data was merely a cover for traders who wanted to distribute Gold.

Then on Saturday, Ambrose Evans-Pritchard, International Business Editor of the UK Telegraph in London, continued his hard hitting bearish reporting in an article entitled: America slides deeper into depression as Wall Street revels: (sub-head) December was the worst month for US unemployment since the Great Recession began.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/696263…

Immediately, the spin was that more Quantitative Easing would be needed, and when the Gold futures market opened on the weekend the opening tick was 1139 and the next at 1163, which was a greater than +2% move in a couple minutes. From that point forward through this morning, the Gold price has side-tracked, presently at about 1156.

At current prices, all the gold ever produced in the world, which Gold Bugs claim still exists, amounts to a valuation of $5 trillion, so that +2% move in less than 15 minutes has supposedly added about $200 billion. Wow. Not even the spending in D.C. can grow that fast.

Some time in the past year, I realized that capital markets had become something other than what they are designed for, which is a price discovery mechanism for assets based on economics. Regrettably, since the central banks of the world have caused their balance sheets to balloon during 2009, which is well illustrated in the graph I show in this weekend’s Week In Review, the global financial system is now based on hot air, not real assets in the economic sense.

On the balance sheet of…
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ValueWalk

The FBI Built A Database That Can Catch Rapists 2014 Almost Nobody Uses It

By Pro Publica. Originally published at ValueWalk.

The FBI Built a Database That Can Catch Rapists 2014 Almost Nobody Uses It

by T. Christian Miller ProPublica, July 30, 2015, 6 a.m.

This story was co-published with The Atlantic.

QUANTICO, Va. 2014 More than 30 years ago, the Federal Bureau of Investigation launched a revolutionary computer system in a bomb shelter two floors beneath the cafeteria of its national academy. Dubbed the Violent Criminal Apprehension Program, or ViCAP, it was a database designed to help catch the nation's most violent offenders by linking together unsolved crimes. A serial rapist wielding a favorite knife in one attack might be identified when he used the same knife elsewhere. The system was rooted in the belief that some criminals' me...



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Zero Hedge

Least Transparent Ever: IRS Used "Wholly Separate" Message System To Hide Communications

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Barack Obama promised to have the “most transparent administration ever,” but as with pretty much every other promise he’s made over the years, the exact opposite is what has occurred.

From Hillary Clinton using her own private email server while Secretary of State, to the latest revelations that the IRS (which ...



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Phil's Favorites

Which Will It Be: United States of Europe OR United States of Germany?

Courtesy of Mish.

Socialists Seek to Outvote Germany

In the wake of the near-Grexit, France and Italy seek more powers for the European Commission (EC).

And both countries want another parliament with more power. Their unstated goal is to create a United States of Europe where socialists would outvote the Germans.

Germany Seeks to Prevent Being Outvoted

German finance minister Wolfgang Schäuble has a completely different idea: Schäuble Outlines Plan to Limit European Commission Powers.
German finance minister Wolfgang Schäuble is proposing to strip the European Commission of some of its core oversight powers in an effort to avoid politicising EU decision-making at a time when the executive body h...



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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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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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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

The bull market is coming to an end (Business Insider)

No one knows to what still crazier level this stock market is headed, or what kind of decline – if any ever, the bulls say – it will experience. But we all have our signs and signals that we keep our eyes on, hoping to get the drift in time.

No one wants to go through another crash like the last three (1987, 2000, and 2008 which all occurred during my investing years) with any significant amount money tied up in stocks (not to speak of bonds).

Post-Coup Thailand Sees Economic Slump Putting Press...



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Kimble Charting Solutions

Travel indicator being put to critical tests

Courtesy of Chris Kimble.

The American Economy is driven a good deal by the consumer.

The table below reflects that nearly 70% of GDP is based consumption.

CLICK ON CHART TO ENLARGE

The 4-pack below looks at consumption with a focus on the travel and leisure sector, by looking at Avis (CAR), Hertz (HTZ), Expedia (EXPE) and Priceline (PCLN).

CLICK ON CHART ABOVE TO ENLARGE

While many seem to be occupied by the news abou...



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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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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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