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Posts Tagged ‘jr. deputy accountant’

Happy Birthday Jr Deputy Accountant and Thanks To You, Ben Bernanke

I truly love this site and JDA’s constant commitment to speaking her mind, delivering lively commentary on economic events, and throwing in the perfect picture to go with it. So Happy 2nd Birthday, JDA!! – Ilene 

Happy Birthday Jr Deputy Accountant and Thanks To You, Ben Bernanke

Courtesy of Jr. Deputy Accountant 

I can’t believe it but it’s been two years. Two long, exciting, thrilling, mind-numbing years.

Couldn’t have done it without you, stalker, commenter, subscriber, reader, casual checker outer, supporter, donor, asshat and nemesis. I’d especially like to thank Ben Bernanke for making this moment possible, were it not for his constant shenanigans, I would not have had a single thing to write about these past two years and my little world would be that much emptier.

Thanks to TLP for carrying the load when Google is pissing me off and/or hating and being my constant source of entertainment when everything else sucks raw donkey balls.

Thanks to brilliant folks like WC VaronesSkeptical CPA and Michael Panzner for cheering me on in those dark months of 2008 when everything was going awry and I couldn’t write fast enough.

Thanks to my wonderfully strange readers who delight and fascinate me all while feeding my constantly hungry ego.

And thanks most of all to J.P. Morgan and the fine Rothschild family; were it not for your hard diabolical work, I really wouldn’t have anything at all to say as this world just wouldn’t need me.

While I’m thrilled to say JDA is celebrating two years on this trip, I have to say I certainly didn’t think I’d still have so much to write about on the financial doomsday front two years later. Oh well. See you kids in a decade, I’ll still be here bitching about Fed asshats and the pending commercial real estate collapse, I’m sure. 


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What I’m Beating TLP With This Week

Here’s Jr. Deputy Accountant’s weekly reading assignment. She has a terrific sense of humor, the kind needed to keep a positive attitude while reading details. – Ilene 

What I’m Beating TLP With This Week

It’s been a long exciting week filled with Greece action, Obamacare, and failed Treasury auctions. Since JDA’s resident paperboy doesn’t believe the Fed is an evil institution and tends to read too much HuffPo and not enough Ron Paul, I’m grabbing the paper, rolling it up and whacking him (hard) with the following:

It’s Official – America Now Enforces Capital Controls Gee, think we should start reading the bill? (Zero Hedge)

Goldman Sachs’ controversial ‘mommy-track’ In fairness to TLP, he didread this one. You should too. (The Week)

Does Unemployment Insurance Cause Unemployment? It’s a legitimate question. Does the FDIC encourage moral hazard? Mmm hmm. (Wall St Cheat Sheet)

On Deficits And Debt-Financed Government Market Ticker is always good for a nice reality check. Especially one that comes out to $760 billion in interest expense alone – and yes, that’s American debt. (Market Ticker)

The “shop till you drop” economy "Who would want to invest in the United States when there are fiscally solvent, rapidly growing emerging economies to invest in?" Who indeed. (The Animal Spirits Page)

Throwing Gas On The Fire Wait a second, are the regulators the problem? (Bank Lawyer’s Blog)

Repo 105: Was Lehman’s Accounting Only Ticking Boxes? Or Is It A Ticking Box? I smell smoke, Jim Peterson smells something awry with financial reporting (as in journalism, not statements) and rules-based accounting. JDA humbly concurs. (Re:Balance)

Is InterOil Built on a Foundation of Fraud? InterOil better look out, you don’t want Sam Antar on your ass (I’m not scared, he’s afraid of me and I’m training him for his next bout) (White Collar Fraud)

TGIF – Greece Fixed AGAIN! Phil seems to think the EU is bipolar. Has the EU asked its doctor about Abilify? (Phil’s Stock World)

The Latest To Get Ripped Off By The Banksters? The States I’m shocked. Completely and totally shocked. (LOLFed


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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!

 
 

Chart School

Q3 GDP at 3.5% Beats Expectations

Courtesy of Doug Short.

The Advance Estimate for Q3 GDP, to one decimal, came in at 3.5 percent, down from the Q2 Third Estimate of 4.6 percent but better than mainstream econonmists' expectations. The Wall Street Journal's survey of economists had a median, mean and mode of 3.2 percent. Investing.com had a slightly lower forecast of 3.0 percent.

Here is an excerpt from the Bureau of Economic Analysis news release:

Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 3.5 percent in the third quarter of 2014, according to the "advance" estimate releas...

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Zero Hedge

Q3 GDP Rises 3.5% Despite Sharp Slowdown In Consumption, Pushed Higher By Government Spending Spree

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Moments ago, the market was expecting Q3 GDP to print at 3.0%, and was pleasantly surprised when instead it got a 3.5% print, sending all risk assets kneejerk higher. However, a quick glance into the components revealed that things were certainly not as they seemed, with Personal Consumption in Q3 actually decreasing notably from Q2's 2.5%, to just 1.8% in Q3, below the 1.9% Expected, and accounting for 1.22% of the 3.54% Q3 GDP, the lowest Personal Consumption boost to GDP since Q2 2012 excluding the infamous Q1 winter vortex quarter.

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Phil's Favorites

Outside the Box: The Colder War

Outside the Box: The Colder War

By John Mauldin

The story of energy is the story of human expansion. From the days when we roamed the African savanna, we tamed first fire and then other forms of energy, using them as tools to control our environment and improve our lives. The control of energy has always been at the heart of the human story.

This week our Outside the Box essay is from my friend Marin Katusa, who has written a fascinating book about a part of that story, a subplot of intrigue and conspiracy. Under Putin, Russia has aspired to dominate the energy markets. Called The Colder War, Marin’s book is a well-written tale of the rise of Putin and his desire to change the way the world’s energy markets are controlled.

I sat down a few months ago with an advance copy, not sure...



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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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Sabrient

Sector Detector: Bullish conviction returns, but market likely to consolidate its V-bottom

Courtesy of Sabrient Systems and Gradient Analytics

Bulls showed renewed backbone last week and drew a line in the sand for the bears, buying with gusto into weakness as I suggested they would. After all, this was the buying opportunity they had been waiting for. As if on cue, the start of the World Series launched the rapid market reversal and recovery. However, there is little chance that the rally will go straight up. Volatility is back, and I would look for prices to consolidate at this level before making an attempt to go higher. I still question whether the S&P 500 will ultimately achieve a new high before year end.

In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then o...



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OpTrader

Swing trading portfolio - week of October 27th, 2014

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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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly. Enjoy!

(As usual, use your PSW user name and password to sign in. You may also take a free trial.) 

 

#455292918 / gettyimages.com

 

...

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Market Shadows

Bill Ackman's Big Pharma Trade Is Making Wall Street A Super Awkward Place

 

#452525522 / gettyimages.com

Intro by Ilene

If you're following Valeant's proposed takeover (or merger) of Allergan and the lawsuit by Allergan against Valeant and notorious hedge fund manager William Ackman, for insider trading this is a must-read article. 

Linette Lopez describes the roles played by key Wall Street hedge fund owners--Jim Chanos, John Paulson, and Mason Morfit, a major shareholder in Valeant. Linette goes through the con...



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Option Review

LUV Options Active Ahead Of Earnings

There is lots of action in Southwest Airlines Co. November expiry call options today ahead of the air carrier’s third-quarter earnings report prior to the opening bell on Thursday. Among the large block trades initiated throughout the trading session, there appears to be at least one options market participant establishing a call spread in far out of the money options. It looks like the trader purchased a 4,000-lot Nov 37/39 call spread at a net premium of $0.40 apiece. The trade makes money if shares in Southwest rally 9.0% over the current price of $34.32 to exceed the effective breakeven point at $37.40, with maximum potential profits of $1.60 per contract available in the event that shares jump more than 13% to $39.00 by expiration. In September, the stock tou...



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Digital Currencies

Goodbye War On Drugs, Hello Libertarian Utopia. Dominic Frisby's Bitcoin: The Future of Money?

Courtesy of John Rubino.

Now that bitcoin has subsided from speculative bubble to functioning currency (see the price chart below), it’s safe for non-speculators to explore the whole “cryptocurrency” thing. So…is bitcoin or one of its growing list of competitors a useful addition to the average person’s array of bank accounts and credit cards — or is it a replacement for most of those things? And how does one make this transition?

With his usual excellent timing, London-based financial writer/actor/stand-up comic Dominic Frisby has just released Bitcoin: The Future of Money? in which he explains all this in terms most readers will have no tr...



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Pharmboy

Biotechs & Bubbles

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

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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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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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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