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.

NYT:

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!
www.thedailyshow.com
Daily Show
Full Episodes
Political Humor Health Care Crisis

 


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Zero Hedge

"Dear Fed, Please STFU!"

Courtesy of ZeroHedge. View original post here.

Submitted by Michael Gayed via PensionPartners.com,

Dear Fed,

We have come to a point in time where you are causing more harm than good.  For decades, your role as not only the central bank to the US, but to the entire financial world helped ensure confidence in a fiat economy.  Central control of a nation’s monetary system is undoubtedly an incredibly important role.  You know this.  After all, you were created in 1913 in response to systemic banking crises and failur...



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Chart School

S&P 500 Snapshot: First Monthly Decline Since February

Courtesy of Doug Short's Advisor Perspectives.

The S&P 500 opened lower and steadily sold off to its -0.68% intraday low during the lunch hour. The trend then reversed, and the index erased most of the loss to finish the session with a modest 0.24% decline. This was seventh loss in nine sessions and the eighth loss in the twelve sessions since the record close on August 15th.

The yield on the 10-year note closed at at 1.58%, up one basis point from the previous close.

Here is a snapshot of past five sessions in the S&P 500.

Here is monthly chart of the index. The fractional -0.12% monthly close was the first negative month since February.

A Perspective on Drawdowns

Here's a snapshot of selloffs since the 2009 trough.

...



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ValueWalk

That Time Kovner And Thorp Had Their Ship Bombed By Iran

By Rupert Hargreaves. Originally published at ValueWalk.

Bruce Kovner is somewhat of a legend in the hedge fund world. Worth an estimated $5.3 billion according to Forbes, Kovner built his wealth managing money for clients at his macro firm Caxton Associates, which closed its doors in 2011. Kovner started at the Commodities Corporation in the 1970s and went on to start Caxton in 1983, a commodities-focused fund itself.

Kovner believes his edge over other investors is the ability to spot trends and connections between industries and markets before others. He is also (it seems) a value investor at heart, according to pioneering...



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Phil's Favorites

Rajoy Loses First Vote, Still No Government in Spain; What's Next?

Courtesy of Mish.

Acting prime minister Mariano Rajoy came up six votes short in his attempt to build a coalition government, as expected in this corner.

Rajoy and his People’s Party (PP) worked out an agreement with Ciudadanos (Citizens), but the socialists (PSOE), the radical left Unidos Podemos (United We Can), and small separatist parties refused to go along. The margin was 180 to 170 against, with Rajoy needing 176 votes.

The result is Still No Government in Spain.

Spain’s political crisis deepened yet further on Wednesday when caretaker prime minister Mariano Rajoy failed to win the confidence of parliament in order to for...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Why September Could Be Huge for Markets All Around the World (Bloomberg)

The first debate of the U.S. presidential campaign. A Group of 20 (G20) central bank interest rate announcement nearly every other trading day. And a key meeting among commodity nations around the world.

Treasury Secretary Lew Criticizes EU Decision to Issue Apple $14.5 Billion Tax Bill (The Wall Street Journal)

WASHINGTON—U. S. Treasury Secretary Jacob Lew took the European Union to task Wednesday for its decision to ...



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Kimble Charting Solutions

Gold Miners, slipping below steep rising support

Courtesy of Chris Kimble.

Gold miners have had a great run this year. They could be losing grip on key support of late!

Below looks at the Gold & Silver mining index (XAU) over the past decade.

CLICK ON CHART TO ENLARGE

I like to keep an eye on the XAU index because it is the oldest mining index in the states and it includes both Gold & Silver mining stocks. 

T...



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OpTrader

Swing trading portfolio -week of August 29th, 2016

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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Biotech

Epizyme - A Waiting Game

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

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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Digital Currencies

Man Who Introduced Millions to Bitcoin Says Blockchain Is a Bust

 

Man Who Introduced Millions to Bitcoin Says Blockchain Is a Bust 

By  at Bloomberg

Excerpt:

Stefan Thomas, who introduced millions of people to bitcoin, has had a change of heart.

Blockchain, the ledger software that makes the digital currency possible...



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Mapping The Market

Illusion of Choice

From Jean-Luc:

Looks like we are down to about 10 companies for our consumer goods:

http://www.visualcapitalist.com/illusion-of-choice-consumer-brands/

Just like banks, airlines and cable companies! 

The Illusion of Choice in Consumer Brands

Explore the full-size version of the above graphic in all its glory.

If today’s infographic looks familiar, that’s because it originates from a well-circulated report that Oxfam International puts together to show consolidation i...



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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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Promotions

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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!

PhilStockWorld.com 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.   

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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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