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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Phil's Favorites

Rogue State

 

Rogue State

How the guardians of nationhood conspire in its destruction.

By George Monbiot, published in the Guardian 18th November 2017 (Brexiters, beware: if the ties that bind us unravel, tyranny may soon follow)

What is this country we are asked to love? This might once have been an easy question to answer. National identity was built around a range of institutions, considered to represent the national interest. Rebellion against them was characterised as treason. But one by one, these institutions have been subverted from within. Look to the top to see treacher...



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Insider Scoop

35 Biggest Movers From Yesterday

Courtesy of Benzinga.

Gainers
  • OptimumBank Holdings, Inc. (NASDAQ: OPHC) shares climbed 57.2 percent to close at $7.75 on Monday after dipping 40.24 percent on Friday.
  • Carver Bancorp Inc (NASDAQ: CARV) shares gained 28.1 percent to close at $4.24 on Monday after dropping 34.19 percent on Friday.
  • Remark Holdings, Inc. (NASDAQ: MARK) shares jumped 27.83 percent to close at $7.67.
  • Riot Blockchain Inc (NASDAQ: RIOT) shares...


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Digital Currencies

As Bitcoin Tops $8,200, Only 39% Of Survey Respondents Say It's A Bubble

Courtesy of ZeroHedge. View original post here.

Having first surged above $8000 overnight amid Zimbabwe's chaos, it appears uncertainty in the core of Europe has driven further demand for cryptocurrencu protection, sending Bitcoin to a new record high of $8247 - up 50% from the 'Bitcoin Cash' crash weekend lows.

...



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Chart School

Weekly Market Recap Nov 19, 2017

Courtesy of Blain.

Monday, Tuesday, and Friday saw the now usual “no volatility” days – while bears finally saw some action on Wednesday, bulls came right back Thursday with even bigger gains.  So while we have been cautious on the market for 3 weeks now all that has meant is consolidation in the market (granted the Russell 2000 has taken some hits).  For the week the S&P 500 fell 0.3% while the NASDAQ gained 0.5%. Economic news was light (we cover retail sales below), and earnings are coming to their tail end so we are in a bit of a news vacuum as negotiations about the tax reform bills will take the reigns.

Retail sales slowed in October, rising...



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Biotech

The two obstacles that are holding back Alzheimer's research

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

 

The two obstacles that are holding back Alzheimer's research

Courtesy of Todd GoldeUniversity of Florida

Family members often become primary caregivers for loved ones with Alzheimer’s disease. tonkid/Shutterstock.com

Thirty years ago, scientists began to unlock the mysteries regarding the cause of Alzheimer’...



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ValueWalk

Robert Mugabe Under House Arrest, Military Takes Control Of Zimbabwe

By Andjela Radmilac. Originally published at ValueWalk.

Zimbabwe’s head of state, 93-year-old Robert Mugabe, has been placed under house arrest after what seems to be a military coup took place in the nation’s capital.

By U.S. Navy photo by Mass Communication Specialist 2nd Class Jesse B. Awalt/Released [Public domain], via Wikimedia CommonsRobert Mugabe is safe

Following numerous reports on social media late Thursday night about the increased military presence in Harare, the capital of Zimbabwe, the country’s military took...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



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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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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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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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