Posts Tagged ‘box office hits’

Hollywood Shows Wall Street Who Has The Big Swinging Dick

TLP: Hollywood Shows Wall Street Who Has The Big Swinging Dick

Courtesy of Jr. Deputy Accountant 

hollywood lobbying
Hollywood may know a thing or two about how Wall Street works after all, regardless of what Shia LeBeouf may think about InterOil. And the movie lobby really seems to know a thing or two about Washington.*

Mother Jones (wait, what? on JDA?):

For weeks, big movie studios have been fighting an effort by two financial firms to launch a new market in movie futures that would allow investors to bet on box office takings. The financial firms think this is an Oscar-worthy scheme. The movie studios panned it. Wall Street is used to getting its way in Washington. But this time, the James Camerons of the world appear to have outsmarted the Gordon Gekkos.

This Capitol Hill clash began with the Hollywood Stock Exchange (HSX), a fake-money internet game in which players try to predict the box office takes of Hollywood’s biggest flicks. In 2001, Cantor Fitzgerald, a Wall Street investment firm, bought the five-year-old HSX with the intention of perhaps starting a real-money market along the same lines.

Cantor Fitzgerald was nearly wiped out on 9/11 and it wasn’t until 2008 that the firm asked the Commodity Futures Trading Commission to approve HSX. The OK came this month for HSX and another exchange, Media Derivatives Inc. (MDEX). And that’s when the Motion Picture Association of America lobbyists decided it was time for their close-up.

More Mother Jones:

Cantor Fitzgerald may be a big deal on Wall Street. But it doesn’t have nearly as much pull on the Hill. It hasn’t lobbied the Senate directly since 2002, according to disclosure databases. And while its employees give generously to congressional candidates, it doesn’t have a PAC exclusively promoting its interests. MDEX—an Arizona-based firm started in 2007—is even less of a Washington player.

Hollywood’s lobbying paid off. On April 16, as MDEX executives were no doubt celebrating their good fortune, Sen. Blanche Lincoln (D-Ark.) released her draft financial regulatory reform bill. In it, she proposed the first exclusion of a product from futures markets since angry onion farmers descended on Congress in 1958 to accuse Chicago-based traders of capturing the market and artificially driving down prices. The current law lays out rules governing the trade of derivatives of any product "except onions." If Lincoln’s


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Zero Hedge

ECB May Have Only €220 Billion In QE Left If The Hawks Get Their Way

Courtesy of ZeroHedge. View original post here.

After seemingly sending out trial balloons (via Bloomberg and Reuters simultaneously) on tapering last Thursday, which had almost zero impact (see “ECB Reportedly Considering Slashing QE in Half in January, EURUSD Shrugs), Draghi’s minions have been busy again.

“Central bank officials familiar with the matter” ...



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Phil's Favorites

The pull of energy markets - and legal challenges - will blunt plans to roll back EPA carbon rules

 

The pull of energy markets – and legal challenges – will blunt plans to roll back EPA carbon rules

Courtesy of Hari OsofskyPennsylvania State University and Hannah WisemanFlorida State University

Grid operators set the prices for energy markets and are structured to take the lowest prices – a disadvantage for coal and nuclear power. CC BY

On Oct. 10, EPA Administrator Scott Pruitt ...



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ValueWalk

Indo-US Obnoxious Stance On CPEC: A Critical Appraisal

By Guest Post. Originally published at ValueWalk.

Since  the beginning of work on China Pakistan Economic Corridor project (CPEC),  India is quite open in opposing this mega Project and now the US has also shown its weight behind India by saying that it too believes the route of corridor passes through a disputed territory — a reference to Northern areas of Pakistan. The statement has come at a time when Foreign Minister Khawaja Asif was in Washington and held series of talks with the US officials to normalize the tense relations. This new stance has started another debate and is undoubtedly going to further damage the bilateral ties, as it is profusely obvious now that US envision a greater role for India in the region. Pakistan and China are wo...



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Chart School

Market Cycle Top?

Courtesy of Declan.

About four years ago I went to a Bloomberg hosted talk on Market Cycles. I have been wracking my brain and Google trying to find the presentation and speaker name (which was available on line) but I thought the talk interesting enough to market in my Google calendar the date for the New Moon in October 2017, which was a focus point convergence of a number of market cycles and potentially a significant market top event (the countdown clock in the sidebar). The years have since ticked by and we are not just a couple of days from the October 2017 New Moon. The market has at least cooperated by sitting at new all-time highs but whether this evolves into a major top remains to be seen. I'm mad with myself that I can't find in my pinboard or delicious bookmarks the link so all I can say is the day will soon be upon us ...

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Insider Scoop

The BLUE And The BOLD; Analyst Suggests Pair Trade Ahead Of Year-End Catalysts

Courtesy of Benzinga.

Related BLUE 30 Stocks Moving In Monday's Mid-Day Session Benzinga's Top Upgrades, Downgrades For October 16, 2017 ...

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Digital Currencies

WTF is the Blockchain?

 

Source: TechiesPad

...

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Mapping The Market

Puts things in perspective

Courtesy of Jean-Luc

Puts things in perspective:

The circles don't look to be to scale much!

...

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Biotech

Circadian rhythm Nobel: what they discovered and why it matters

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

 

Circadian rhythm Nobel: what they discovered and why it matters

Courtesy of Sally Ferguson, CQUniversity Australia

Today, the “beautiful mechanism” of the body clock, and the group of cells in our brain where it all happens, have shot to prominence. The 2017 Nobel Prize in Physiology or Medicine has been awarded to Jeffrey C. Hall, Michael Rosbash and Michael W. Young for their work on describing the molecular cogs and wheels inside our biological clock.

In the 18th century an astronomer by the name of Jean Jacques d'Ortuous de Ma...



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Members' Corner

Day of Last Dances

News today has been relentlessly terrible. A horrific mass murder happened last night in Las Vegas. (Our politician's abject failure to address gun control is beyond sickening.) And today, reports that Tom Petty died of a heart attack, followed by reports that Tom Petty is not dead, and now reports confirming that Tom Petty has passed away. 

...

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OpTrader

Swing trading portfolio - week of September 11th, 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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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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