Courtesy of Benign Brodwicz’s The Animal Spirits Page
by ilene - November 19th, 2009 6:29 pm
Courtesy of Benign Brodwicz’s The Animal Spirits Page
|The Colbert Report||Mon – Thurs 11:30pm / 10:30c|
|The Word – Rand Illusion|
Andrew Corsello’s The Bitch is Back article from GQ on the boorish subject of Ayn Rand Assholes is probably the best takedown of Ayn Rand’s followers (and Alan Greenspan and Wall Street) I’ve yet seen and certainly the funniest (other than Stephen Colbert’s). It was about time for an article like this to appear and I am glad it was Corsello who wrote it.
I myself became an unabashed Ayn Rand fanatic when I was in 7th or 8th grade. I’d been reading the works of Victor Hugo and so I was totally primed for discovering another “Romantic” (note capital “r”) writer like Ayn Rand next, but it wasn’t via her well-known fiction that I discovered the Russian-born novelist and philosopher, but rather a more obscure volume called Introduction to Objectivist Epistemology, which I read extremely slowly so I could take in the complexity of the thought. It’s a very dry, technical book, but made a huge impression on me (more on this below,…
May 25th, 2016 2:17 pm
Expect the Unexpected
Courtesy of Joshua M Brown
I repeat this Jeff Gundlach quote a lot because I love it and it constantly applies to something: “Whenever you hear people in the investment business say ‘Never’, that’s when you know it’s about to happen.”
The Dow is 2.6% away from record highs now that we’re through the fairly lousy earnings season. The SPX is even closer, just 2% away. There’s no reason. Anything can happen.
We’re getting a really great reminder of this every night, courtesy of the NBA East and West finals. Golden State barely lost a game in the regular season and pretty much manhandled their opponents in the first...
May 25th, 2016 1:59 pm
Submitted by Tyler Durden.
Following strikes over the unpopular French labor reform, that started over the weekend and crippled the French refining industry leading to gasoline shortages and rationing, things are about to get far more serious for the country whose economy has already been threatened with a sharp slowdown as a result of a relentless wave of labor unrest. According to Reuters, staff in France's 19 nuclear plants - which by definition we assume is essential -...
May 25th, 2016 12:49 pm
Courtesy of Doug Short's Advisor Perspectives.Often conversations about home buying end up in discussions on the high cost of homes today and their affordability – or lack thereof.
We decided to take a look at the long-term trends in home prices in comparison to income and found that incomes have been stagnant since the early 1970s, while home prices have risen dramatically in comparison.
In order to analyze income, we have used the Middle Quintile for households, which is the middle 20% of all households adjusted for inflation, with 2014 as our base year. The Census Bureau, our source for income data, began publishing annual reports for gross household incomes in 1967. For median home prices, our source is the American Household Survey, wh...
May 25th, 2016 11:41 am
Courtesy of Chris Kimble.
Has the S&P 500 formed a “Bullish Flag Pattern” and making an attempt to breakout? Possible. If you are not familiar with the pattern, see more details HERE.
Unless one lives under a rock, you are well aware that that bulls nor bears have anyth...
May 25th, 2016 11:39 am
By Jacob Wolinsky. Originally published at ValueWalk.
OR IMMEDIATE RELEASE: May 25, 2016
Contact: Daniel Stevens, 202.780.5750, email@example.com
WASHINGTON D.C. – On Tuesday, The Wall Street Journal reported that the FBI and the SEC are investigating Sen. Bob Corker (R-TN) for his lucrative stock trades of real estate investment giant CBL Associates Properties, a real estate company based in Chattanooga, Tennessee. Federal officials...
May 25th, 2016 3:00 am
Courtesy of John Rubino.
Central banks likened to pornographers. Greece, believe or not, is still getting bailed out, and China is apparently next. US corporate share buybacks are starting to peter out. Japan lobbies for bigger deficits around the wold. Sprott’s Rick Rule how and why the gold bull market is for real, while precious metals continue correcting. Look for next week’s COT report to be a lot more positive. Pensions are back in the news, and the numbers are as usual very bad. Doug Noland on why the Fed probably can’t raise rates in June — or ever.Best Of The Web
Gold: Intelligentsia – you’re fired! – 321Gold
May 25th, 2016 12:00 am
Courtesy of Benzinga.Related SPY Another Fed Test For Utilities ETFs Failed Pattern Becomes Teaching Moment For The Dow ...
May 24th, 2016 10:10 am
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 ...
May 22nd, 2016 7:50 pm
Courtesy of Chris at CapitalistExploits
Do you remember when you were growing up and all your friends were allowed Atari game consoles but you weren’t?
Well, I do and the things seemed as foreign to me as Venus. Mostly because the little time I managed to spend on the gaming consoles when my friends weren’t hogging them I found it all a bit silly. I never “got” computer games, and to this day still have poor comprehension of things like Angry Birds.
I suspect that many people around the world view Bitcoin in the same way as I view Angry Birds: with mild amusement and a general lack of understanding as to what the hell all the fuss is about.
I was thinking of this since a buddy of mine recently started ...
May 13th, 2016 2:40 pm
Reminder: Harlan is available to chat with Members, comments are found below each post.
May 7th, 2016 1:40 pm
Reminder: Pharmboy and Ilene are available to chat with Members.
Here's an interesting article from Investor's Business Daily arguing that biotech stocks are beginning to recover from their recent declines, notwithstanding current weakness.This Is Why Biotech Stocks May Explode Again
By Amy Reeves
After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.
March 4th, 2016 12:48 pm
Although we try to stay focused on finding and managing promising trade ideas, the comments in the comment section sometimes take a political turn (for access, try PSW — click here!). So today, Jean Luc writes,
The GOP debate last night was just unreal – are these people running to be president of the US or to lead a college fraternity! Comparing tool size? The only guy that looks semi-sane is Kasich. The other guys are just like 3 jackals right now.
And something else – if Trump is the candidate, that little Romney speech yesterday is probably already being made into a commercial. And all these little snippets from the debate will also make some nice ads! If you are a conservative, you have to be scared now.
Phil writes back,
I was expecting them to start throwing poop at each other &n...
December 15th, 2015 2:15 pm
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!
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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, ...
May 22nd, 2014 5:03 pm
"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 firstname.lastname@example.org 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!
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...