Posts Tagged ‘Bullshit Bingo’

How to Stay Awake During Obama Speeches: Play Bullshit Bingo

How to Stay Awake During Obama Speeches: Play Bullshit Bingo

Manual bingo machine, low angle view

Via e-mail to Yves Smith, posted at Naked Capitalism:

1. Before Barrack Obama’s next televised speech, prepare your “Bullshit Bingo” card by drawing a square.  I find that 5″ x 5″ is a good size — and dividing it into columns –five across and five down. That will give you 25 1-inch blocks.  

2. Write one of the following words/phrases in each block: 

Restored our reputation 
Strategic fit
Let me be clear 
Make no mistake
Back from the brink
Signs of recovery 
Out of the loop
Job creation

People playing bingo

Fiscal restraint
Affordable health care 
Previous Administration
At the end of the day
Empower (or empowerment) 
Touch base 
Inherited as in “I inherited this mess”
Relief for working families
Accountable (or held to account)
Free market


Players can make substitutions to this list, but only one phrase can be used in any one block. Alternatives include:

Change (as in “change you can believe in)
Universal health care
Brought the economy back from the brink

3. Check off the appropriate block when you hear one of those words/phrases. 

4. When you get five blocks horizontally, vertically, or diagonally, stand up and shout  ”BULLSHIT!”

Testimonials from past satisfied “Bullshit Bingo” players: 

Three young women raising their hands on a winners podium

 ”I had been listening to the speech for only five minutes when I won.” - Jack W., Boston 

 ”My attention span during speeches has improved dramatically.” – David D., Florida 

 ”What a gas! Speeches will never be the same for me after my first win.” - Bill R., New York City  

“The atmosphere was tense in the last speech as 14 of us waited for the fifth box.” – Ben G., Denver  

“The speaker was stunned as eight of us screamed “BULLSHIT!” for the third time in two hours.” – Harry A. Chantilly

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Zero Hedge

Nickels, Meet Steamroller: Embattled Bank Suckers Hedge Funds Into EM Insurance Bet

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Are you looking to make a terrible investment decision?

Well sure you are, isn't everyone?

And thanks to the fact that it appears we may now be testing the limits of the market’s collective patience with the notion of central bank omnipotence, there are plenty of bad investment opportunities out there to choose from. 

That said, you always want to go big or go home, which is why what you might want to do is go out and ask a struggling emerging markets lender what its worst “assets” are and then offer to insure those assets against default so that said lender can then go out and invariably make more terrible decisions on the way to hopefully creatin...

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Phil's Favorites




Courtesy of James Howard Kunstler

Senior administration officials say the new offensive holds promise and may change the dynamics on the ground.
— The New York Times

Whew…. That’s reassuring. Finally, a Middle East policy you can believe in.

It’s apparently based on a joint Kurdish-Arab army that our side (the USA) is pretending to assemble around the ISIS stronghold of Raqqa, near the Turkish border. We’re informed also that American military officials have screened the leaders of the Arab groups to ensure that they meet standards set by Congress when it approved $500 million last year for the Defense Department to train and equip moderate Syrian rebels. Thank God we have a ...

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Chart School

Markets Post Gains - Breakout in Dow and Semiconductor Index

Courtesy of Declan.

A fresh day of gains keeps bullish momentum running in healthy action. The Dow was the first index to break past declining resistance established by July - August declining trendline. Volume also climbed to register accumulation.

The Semiconductor Index was another to make a move higher. It cleared declining resistance and the 50-day MA. Better still, it was the first key index to return net bullish in technicals.

This will help the Nasdaq 100 which is ...

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Market News

News You Can Use From Phil's Stock World


Financial Markets and Economy

Charting the Markets: Global Stocks Jump on Weak U.S. Jobs Report (Bloomberg)

Emerging market stocks advance, commodities rise on weaker dollar and Glencore rises again.

The oil price is killing Rolls-Royce and it's cutting 400 jobs (Business Insider)

Rolls-Royce is slashing 400 jobs from its marine division, blaming the fall in the price of oil and a need to cut costs.


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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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Sector Detector: Searching for solid support in the face of global headwinds

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

Courtesy of Sabrient Systems and Gradient Analytics

Uncertainty about the health of the global economy led investors to flee U.S. equities during Q3, primarily driven by worries about China's growth prospects and the Federal Reserve’s decision to not raise rates. Sure, there are plenty of real and perceived headwinds, but on balance it seems that a recession here at home is not in the cards. And when you consider sentiment and the technical picture, it appears that a continuation of Friday’s bounce is in store. The question remains as to whether the seasonally strong Q4 will be able to propel the bulls through levels of resistance that have built up.

In this weekly update, I give my view o...

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Kimble Charting Solutions

Indicator triggers first time since 2000, “Threats & Opportunities” that follow

Courtesy of Chris Kimble.

A “Performance Indicator” with a very good track record, just sent an alert, for the first time since the 2000 highs.

Good friend and market strategist Ryan Detrick and I will be discussing “Opportunities” that follow when our 125/5 Indicator gets triggered.

Ryan and I will be conducting a FREE Webinar this Wednesday at 5 PM eastern. If you haven’t signed up yet, you can by CLICKING HERE

One of the many things we will be discussing is how should one construct a portfolio when the 125/5 indicator gets triggered and the “Th...

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Swing trading portfolio - week of October 5th, 2015

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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Some Hedge Funds "Hedged" During Stock Market Sell Off, Others Not As Risk Focused

By Mark Melin. Originally published at ValueWalk.

With the VIX index jumping 120 percent on a weekly basis, the most in its history, and with the index measuring volatility or "fear" up near 47 percent on the day, one might think professional investors might be concerned. While the sell off did surprise some, certain hedge fund managers have started to dip their toes in the water to buy stocks they have on their accumulation list, while other algorithmic strategies are actually prospering in this volatile but generally consistently trending market.

Stock market sell off surprises some while others were prepared and are hedged prospering

While so...

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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. 


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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 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.

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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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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