I didn’t see any dip, what dip are you talkin’ about? Oil spill? I don’t see no oil spilling, do you? Goldman did what? They’re regulating who? Fuhgeddaboudit! That’s right markets, move along, nothing to see here. In fact, exactly as we predicted since the market first started dropping – it’s all just noise in between options expiration days, a way to traumatize the retail suckers who run in and out of positions under the direction of their chosen media messiahs. Clearly most market analysis is nothing more than "a tale told by an idiot, full of sound and fury, signifying nothing."
If you think this chart looks a little like someone is laughing at you – you are not being paraniod. This smiley face pattern is bought to you by the chart painters at GS and the rest of the Gang of 12 and their media lapdogs who push and pull the markets around on a daily basis. I asked back on the 6th, when I very accurately called for a "Turnaround Tuesday – Will CNBC Apologize to America?" as I pointed out the ridiculous degree of negativity that had contributed to the mini crash, which I had predicted on Monday the 21st, when my 9:40 Alert to Members said:
I have to go with my gut initially and stick to our plan, which is roll up the USO and DIA short plays (rolling the open puts to higher strikes) and, if the Dow holds 10,500 and USO holds $36 ($80 oil), we’ll have to sell June puts and roll our puts to a longer month – hoping for a post-holiday sell-off.
Upside levels are 50 dmas at: Dow 10,600, S&P 1,140, Nasdaq 2,350, NYSE 7,130, Russell 683, SOX 366 (already over), Transports 2,130, Oil $78 and Gold $1,200 (already over). Anything less than that is just a move to the top of our range and then we can expect a nice pullback by Wednesday.
Obviously, it’s a great time to add some disaster hedges, I now like selling TZA $6 puts for .45 and buying the TZA $6/8 bull call spread for .50 and that’s net .05 on the $2 spread so even if you have to margin $3,000 for 10 short TZA puts, the $450 you collect plus another $50 buys you $2,000 worth of downside insurance.
The fate of Portugal rests in the hands of DBRS, the last remaining credit rating agency assigning an investment grade rating to its sovereign debt (Fitch, Moody's and S&P have all lowered the country's debt rating to junk). Due to a requirement that participant countries have an IG rating from at least 1 rating agency, the DBRS rating is literally the only thing allowing Portugal's bonds to remain eligible for the European Central Bank's 1.7 trillion euro bond buying program. DBRS is set to update its Portugal rating on October 21 and investors in Portugal sovereign risk are starting to get a little nervous....
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Epizyme was founded in 2007, and trying to create drugs to treat patient's cancer by focusing on genetically-linked differences between normal and cancer cells. Cancer areas of focus include leukemia, Non-Hodgkin's lymphoma and breast cancer. One of the Epizme cofounders, H. Robert Horvitz, won the Nobel Prize in Medicine in 2002 for "discoveries concerning genetic regulation of organ development and programmed cell death."
Before discussing the drug targets of Epizyme, understanding epigenetics is crucial to comprehend the company's goals.
Genetic components are the DNA sequences that are 'inherited.' Some of these genes are stronger than others in their expression (e.g., eye color). Yet, some genes turn on or off due to external factors (environmental), and it is und...
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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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