Posts Tagged ‘Fox News’

Tuesday – Fox News says President Not to Blame for Oil Prices – America Must Conserve!

For once I have to agree with Fox (and thanks to D Virginia for the link):  

With gas at $3.87 and over $4 in California, New York and Illinois, Fox news says other journalists don't check "the substance of the accusations against the President," the media needs to "look at certain claims and promises to see what the facts are behind them."  And what are the facts that Fox News presents us with?  

  • Cal Thomas:  "No President has the power to increase or to lower gas prices – Those are market forces."  
  • Neil Cavuto:  "China and India are slopping up oil faster than we can these days and THAT is the not so sinister response to what's going on."
  • Cheryl Casone:  "At this point, it really is tough for this President, I have to be honest with you, because he really does not have any control over what's going to happen with the markets and with the economy and with oil prices and with supply and demand and gasoline – it really is out of this President's hands."  
  • Bill O'Reilly: "Yesterday oil hit a record high and politicians can't do anything about it."  
  • Joe D'Agostino (VP of NYMEX on O'Reilly): "The only thing we can do is start to use less energy."  
  • Bill O'Reilly: "If every American who owns an automobile or an air conditioner says "I'm going to use 10% less" – the prices then would fall… Politicians can't do this."  
  • News team:  "Get rid of gas guzzlers, buy decent insulation for your house and tell your local, elected officials to get on the stick and do some more mass transit/infrastructure spending because those kinds of fixes that can really help Americans."  
  • News team:  "Drilling an ANWR would reduce the price of oil by about 40 cents a barrel (1 penny per gallon) or maybe as much at $1.40 per barrel (3.3 cents per gallon)."  "If we drilled in ANWR we would get 4% of our daily consumption in oil."  "It would take 20 years for saving from ANWR drilling to be realized."
  • O'Reilly: "So the next time you hear a politician say he or she will bring down oil prices, UNDERSTANT IT'S COMPLETE BS!  If Americans want lower gas prices, cut back – that's what the candidates SHOULD be saying.  Sell those SUV's, ride a bike when

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TLP: At Least That’s Settled

TLP: At Least That’s Settled

Courtesy of Jr. Deputy Accountant 

white house press room

So now we know. The biggest swinging d*ck in the White House press room belongs to the AP.


Fox News moves up, The Associated Press moves over and National Public Radio comes in second.

Mark your seating charts. The new assignments for the White House briefing room are in.

The A.P. correspondent will get the highly coveted front-row center seat previously occupied by Helen Thomas, the White House Correspondents Association announced Sunday.

The reporter for Fox will take The A.P.’s former front-row seat, moving up from the second row, and National Public Radio, now in the third-row, will replace Fox. (That’s got to be tough.)

The new assignments are effective immediately.

N.P.R., Fox and Bloomberg News — also seated in the second row — have lobbied for Ms. Thomas’s seat ever since the former United Press International and Hearst News Service writer resigned in June amid controversy over videotaped remarks she made calling on Israelis to get “out of Palestine.”

Here’s a guess: you won’t hear another word from AP about the new seating arrangement and Fox won’t shut up about it. 

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23 Doomsayers Who Say We’re Heading Toward Depression In 2011

23 Doomsayers Who Say We’re Heading Toward Depression In 2011

Paul Krugman Leonard Lopate

By Michael Snyder writing at The Business Insider/Clusterstock 

Micheal Snyder is editor of "The Economic Collapse Blog"

Could the world economy be headed for a depression in 2011?

As inconceivable as that may seem to a lot of people, the truth is that top economists and governmental authorities all over the globe say that the economic warning signs are there and that we need to start paying attention to them.  The two primary ingredients for a depression are debt and fear, and the reality is that we have both of them in abundance in the financial world today.

Meet The New Doomsayers >

In response to the global financial meltdown of 2007 and 2008, governments around the world spent unprecedented amounts of money and got into a ton of debt.  All of that spending did help bail out the global banking system, but now that an increasing number of governments around the world are in need of bailouts themselves, what is going to happen?  We have already seen the fear that is generated when one small little nation like Greece even hints at defaulting.  When it becomes apparent that quite a few governments around the globe cannot handle their debt burdens, what kind of shockwave is that going to send through financial markets? 

The truth is that we are facing the greatest sovereign debt crisis in modern history.  There is no way out of this financial mess that does not include a significant amount of economic pain. 

When you add mountains of debt to paralyzing fear to strict austerity measures, what do you get?

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Our Turn?

Very dismal forecast from our friend James Kunstler, he writes so beautifully but I hope he’s wrong. – Ilene 

Our Turn?

Germany: Rally of Nazi

Courtesy of James Howard Kunstler

     Nations go crazy. It’s terrifying when it happens, especially to a major nation with the ability to project its craziness outward. We look back on the psychotic break of Germany in 1933 and still wonder how the then-best-educated population in Europe could fall under the sway of a sociopathic political program. We behold the carnage and devastation left in the wake of that episode, and decades later you still can do little more than shake your head in bewilderment.

     China had a psychotic break in the 1960s in its "cultural revolution," provoked by the mad neo-emperor Mao. He sent cadres of Chinese baby boomer youths rampaging across the land, turned every institution upside down, and let millions starve. Mao’s China lacked the ability then to export this mischief, but enough of his own people suffered.

     Cambodia was the next humdinger of a national nervous breakdown when the Paris-educated classic marxist Pol Pot decided to make the world’s biggest omelette by cracking a million eggs. He took everybody wearing eyeglasses, everybody who appeared to have a thought in his or her head, and sent them out to the bush to be worked to death, or shot in ditches, or disposed of otherwise. The mounds of skulls remain to tell the tale.

     Lately we’ve had the Hutu-Tutsi genocides in Rwanda, the craziness in former Yugoslavia, the cruelty of Darfur, the international suicide-bomber craze (including today’s blasts in Moscow). Surely, I’ve left a few out… but these are minor episodes compared to what be coming next.

     Am I the only one who senses it might be America’s turn to go nuts? I don’t mean a family squabble, like the Boomer-Hippie-Vietnam uproar that was essentially an adolescent rebellion against bad parenting in the national household. I mean a genuine descent into madness, with the very high probability of persecution, violence, murder, and mayhem — all more or less sponsored by various authorities and institutions.

     The Republican Party is doing a great job in provoking such a dangerous episode by making consensual governance impossible in a time of awful practical problems and challenges. They’re in the process, right now, of transforming themselves from…
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Jon Stewart takes on Fox News

Jon Stewart takes on Fox News

Courtesy of Edward Harrison at Credit Writedowns

You judge for yourself: is Jon Stewart right to skewer Fox? Before you decide, listen to the last minute of the segment.

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
For Fox Sake!
Daily Show
Full Episodes
Political Humor Health Care Crisis


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Zero Hedge

Jeez! What Ever Happened To The "Free World"?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Simon Black via,

On August 12, 1961, Walter Ulbricht, the Chairman of the State Council in East Germany, signed an order to close the border and begin building a wall around East Berlin.

It happened quickly. Soldiers began tearing up the roads leading into West Berlin almost immediately and actually stood with weapons at the border with orders to shoot anyone who tried to cross.

Before long there were barbed-wire fences. Then concrete walls. Then dogs. Guard towers. And even anti-tank obstacles.

Of course, the East German government told people that t...

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Phil's Favorites

Majority in UK Now Favor Brexit; Cameron's Quandary

Courtesy of Mish.

Attitudes towards the EU have hardened in the wake of the ISIS attack on Paris. A new poll reveals Majority of UK Public Now Wants 'Brexit'. More than half of the public now want to leave the European Union, according to an opinion poll for The Independent – the first time our monthly survey has shown a majority for “Brexit.”

The survey of 2,000 people by ORB, conducted last Wednesday and Thursday in the wake of the Paris terrorist attacks, will be seen as a reflection of public anxiety about the EU’s migration crisis.

Some 52 per cent of people say Britain should leave the EU, while 48 per cent want to remain.

When ORB asked the same question in June, ...

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Market News

News You Can Use From Phil's Stock World


Financial Markets and Economy

25 Years of Stock Market Milestones for China (Bloomberg)

This year has been a wild ride for Chinese stocks, something that long-time investors have come to expect from a country that's seen 55 bull and bear markets since the ruling Communist Party first allowed equity trading in 1990. As the Shanghai Stock Exchange celebrates it's 25th anniversary on Thursday, here's a look at some of the key milestones on China's path from equity-market upstart to $7 trillion behemoth.

Oil rig count falls (Business Insider)

The US oil rig count ...

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Chart School

Status Quo Maintained - Happy Thanksgiving!

Courtesy of Declan.

Holiday trading kicked into gear, although volume for the S&P managed to push into a technical accumulation day. Things are likely to remain quiet through to next week and any sharp moves at this stage have a high risk of failure.

The top performing index on the day was the Russell 2000. It managed to add another decent gain o keep the string of higher closes running. It didn't quite close above 1,200, but it may do so Friday (with the aforementioned caveat of holiday trading). Overall action in this index has been positive, and relative performance to other indices continues to improve.

The Nasdaq is also ready to break higher. ...

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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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Kimble Charting Solutions

S&P 500 – Dangerous for bull case, if prices turn weak here!

Courtesy of Chris Kimble.


The S&P 500 remains inside of a rising channel that has been in place since 2010. The 5-year trend is up.

The 5-month trend is a different story, at this time.

Over the past 5-months, the S&P 500 has created a series of “falling weekly closing highs,” which is represented by line (1) above.

The S&P is testing this falling resistance line at (2) above.

If weakness takes place at (2) above, at falling resistance, it would be concerning price action for the bullish case!


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Sector Detector: Bulls wrest back control of market direction, despite global adversity

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

Courtesy of Sabrient Systems and Gradient Analytics

Some weeks when I write this article there is little new to talk about from the prior week. It’s always the Fed, global QE, China growth, election chatter, oil prices, etc. And then there are times like this in which there is so much happening that I don’t know where to start. Of course, the biggest market-moving news came the weekend before last when Paris was put face-to-face with the depths of human depravity and savagery. And yet the stock market responded with its best week of the year. As a result, the key issues dominating the front page and election chatter have moved from the economy and jobs to national security and a real war (rather than police ...

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Swing trading portfolio - week of November 23rd, 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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Digital Currencies

Bitcoin's Computing Network is More Powerful than 525 Googles and 10,000 Banks!

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

I've decided to build our startup - Veritaseum, a peer-to-peer financial services platform, directly on top of the Bitcoin Blockchain. Many queried why I would voluntarily give up a lucrative advisory and consulting business to chase virtual coins in cyberspace. That's exactly why I decided to do it. That level of misunderstanding of what is essentially the second coming of the Internet gave me a fundamental advantage over those who had deeper connections, more capital and more firepower. I was the first mover advantage holder.

You see, Bitcoin is not about coins, currency or price pops. It is a massive computing net...

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PSW is more than just stock talk!


We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more! features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...

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Whitney Tilson On LL, EXACT, And Martin Shkreli


Whitney Tilson On LL, EXACT, And Martin Shkreli

Courtesy of Value Walk

1) The shares of one of my largest short positions (~3%), Exact Sciences, crashed by more than 46% yesterday. Below is the article I published this morning on SeekingAlpha, explaining why I think it’s still a great short and thus shorted more yesterday. Here’s a summary:

  • The U.S. Preventative Services Task Force’s Colorectal Cancer Screening Draft Recommendation issued yesterday is devastating for Exact Sciences’ only product, Cologuard.
  • I think this is the beginning of the end for the company.
  • My price target for the stock a year from now is $3, so I shorted more yes...

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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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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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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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