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Posts Tagged ‘Propaganda’

Thursday Thrust – Just Buy the F’ing Dips!

It’s very sad when you can get your best financial advice from cartoon characters.

I apologize for the language but  this video pretty much says it all.  As the man in green says:  "Buy the f’ing dip, you f’ing idiot."  That’s the entirety of the market strategy we are being trained like Pavlov’s dogs to follow.  Also as the man says "Now, don’t forget this only works if you go out and tell all your friends and family to do the same.  That way, when they are buying more expensively than you, you can sell back to them and collect your money."  

Of course it’s a Ponzi scheme but it’s a gigantic, legal one and the best thing about it is that the Government FORCES everyone to play so you never run out of suckers.  When there is a lack of actual new sucker/investors to put money in, the Government steps in with stimulus or buys equities (QE1) or buy Treasuries from the banks so they can have free capital to buy equities with (QE2).  They debase the currency and drive inflation higher while talking it up even more so and virtually penalizing people for saving money and not shopping.  In this way, the US Government places a tax on every single citizen through a systemic devaluation of their lifetime accumulation of wealth as well as unfavorable savings and inflation conditions that are aimed to force money into equities and commodities.  

What is the logic to this?  Well, none if you are a government that actually cares about the long-term benefit of 310M people but we haven’t had a government that was "for the people" since they put two in the back of Kennedy’s neck so why complain about it now? What we should be doing is celebrating the sheer stupidity of the situation and enjoying the ride as this stock market roller coaster clacks up the tracks – towards a drop that is certain to have investors screaming all the way down but, for now, let’s listen to what the Bernanke Bears have to say in their latest cartoon about the Bank America crisis with WikiLeaks as well as their advice on NFLX and CRM:

Now, what could be more simple than that?  Just take all your money out of bank stocks and put it into NetFlix.  Well, maybe not NFLX as we…
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Concentrated Wealth and the Purchase of Political Power: Democracy’s Death Spiral

Courtesy of Charles Hugh SmithOf Two Minds

Concentrated Wealth and the Purchase of Political Power: Democracy’s Death Spiral

William Banzai - The MachineDemocracy’s Death Spiral is a positive feedback loop between ever-greater concentrations of wealth and the ever-higher costs of retaining political power.

Positive feedback loops lead to "death spirals" in which destructive forces reinforce each other until the dynamic implodes. One example is an "arms race" in which ever more costly and complex weapons systems must be matched lest one nation in the race fall behind.

Since the number of weapons and their cost are essentially unlimited, then the race continues until one contestant is bankrupted.

Though many would claim it is a simplification, this dynamic was at the root of the Soviet Union’s collapse: as the U.S. embarked on a massive expansion of its military and technological power, the Soviet Union exhausted its much smaller resources attempting to keep up.

Though statistics from the Soviet era are not entirely reliable, various scholars have estimated that fully 40% of the Soviet GDP was being expended on its military and military-industrial complex.

The U.S. was spending between 4% and 6% of its GDP on direct military expenditures, even during the height of the Reagan buildup. If you include the Security State (CIA, NSA, et al.), the Veterans Administration and other military-related programs (DARPA, etc.) then the cost was still far less than 10% of GDP.

The greater freedom to exchange information between government-funded research labs, private firms and government-funded universities enabled the U.S. to outdistance the Soviets technologically. Once again a positive feedback loop can be discerned in the way that increased spending on military-related R&D in the U.S. led to increasingly networked nodes of technological advancement which led to greater advances and more spending to develop those technologies.

The U.S. emerged victorious as the sole superpower, but a more closely matched rivalry might have ended with the collapse of both competitors: a Death Spiral of the sort Jared Diamond describes on Easter Island in his book Collapse: How Societies Choose to Fail or Succeed.

In the U.S., the ever-greater concentrations of wealth gathered by an ascendant Financial Power Elite has entered a positive feedback loop with the costs of gaining or retaining political power. The costs of winning an election have skyrocketed to the point that fundraising is the key function of any politico who is not independently extremely wealthy.

This quantum leap…
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Ben’s Cohiba

Ben’s Cohiba

Courtesy of Bruce Krasting

Last Sunday night I wrote about the coming week:

If next Friday the Buck is lower across the board and the BoJ is a bit bloodied Ben Bernanke will light a cigar.

Okay, so our boy Ben is smoking a big fat cigar tonight. He could not be happier. Everything is going his way.

-On the week the dollar got crushed against the majors.

-The Japanese central bank did get its nose bloodied. As of the close in NY they are down about $700mm on the 9/15 intervention of $25b. It’s not just the money (actually it is the money). They lost a battle. The USD/JPY has to go lower. The BOJ has tipped their hand. They are playing defense. And that is losing strategy. Their internal effort at QE just got trumped by Ben’s weak dollar policy. They must be pissed.

-Euro group chairman Junker (ZH article) said the weak dollar will hurt EU growth. Sure it will. That is what Ben wants. He wants to export our deflation to our “friends”. They also must be pissed that Ben is dishing this out to them.

-The gold moves were impressive. If I were at the Fed and watching this near daily slap in the face I would be unsettled. I wonder if they even care. At one time they did, but not in the last few years. Ben is probably pleased with the ratchet up in gold. He not only wants to boost inflation he wants to increase expectations on inflation. High marks on that score for the week.

-Stocks keep going up. Why shouldn’t they? A weak dollar makes top line numbers of a big chunk of the S&P look better. Also, you have to look at what money is competing with. The five-year closed at 1.1%. After-tax that comes to 0.7%. Against a very low rate of inflation the tax adjusted yield guarantees the investor a negative 8% return. Not hard to beat, one would think. So stock multiples have to widen. Right? If so, can we do this forever? If not, how long can we continue?

-The commodity numbers are blowouts. Sugar, wheat, corn, copper, every


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The Politics of Resentment

The Politics of Resentment

Courtesy of Charles Hugh Smith, Of Two Minds 

Resentment, frustration and anger are now ubiquitous features of U.S. culture. This is the consequence of several factors, none of them positive.

"Horn broken, watch for finger." This bumper sticker perfectly captures the zeitgeist of the nation: the horn is broken, and everyone is giving everyone else the finger.


Why are simmering resentment, frustration and anger now ubiquitous features of U.S. culture? I would posit the following factors:

1. A culture of entitlement: the U.S. is now a culture of takers obsessed with getting their "fair share" of the swag/borrowed money. "We were promised!" (public employees); "I earned it!" (Social Security recipient, though only the first 3-4 years of benefits are drawn from his/her contributions, and everything after that is welfare drawn from the hides of current workers); "healthcare/income security/housing is a right!" (everybody’s got rights, but nobody seems to have any duties or obligations); "it’s for the children/elderly!" (that is, my expense account, million-dollar pension, etc. are nominally protected by the banner of "education" and/or "healthcare"), and so on.

Those with access to "private welfare" such as CEOs are a privileged class; most of us have to elbow our way to the crowded public trough. The truly select feed at the Wall Street trough, which combines private welfare skimmed from shareholders and investors, and Central State welfare issued in unlimited billions via bailouts, Fed purchases of toxic debt, backstops, loan guarantees, etc.

But like the story about the attractive young lady who blushingly agrees to share her favors for $10,000, but balks when the suitor downgrades his offer to a paltry $100 (with the punchline being, "We’ve already established what you’re willing to sell, now we’re just haggling over the price"), the recipient has sacrificed autonomy in accepting the entitlement, regardless of the source or size. This is how complicity to a host of embezzlements, corruptions and exploitations is purchased.

2. A culture of victimhood: Victimhood is rewarded, shouldering ones’ own load and thrift are punished. Like rats in a maze, Americans respond to incentives and disincentives: as a result, everyone is shouting out their claim to victimhood. The cacaphony is reminiscent of a classroom of spoiled children all claiming excuses for their odious behavior and poor performance.

3. Unrealistic expectations: nobody wants to do demanding physical labor, so skilled-craft jobs go begging and companies have to train workers.…
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Five More Failed Banks Cost US Government an Additional $334 Million in Losses

Five More Failed Banks Cost US Government an Additional $334 Million in Losses

Courtesy of JESSE’S CAFÉ AMÉRICAIN

The losses from the mortgage securities frauds and the subsequent bubble collapse continue to debilitate the US financial system, particularly the regional banks, in a slow bleed costing the US government additional millions each week. The public relations campaign promoting the idea that the bank bailouts are done and successful, and that the US made money on this egregious abuse of public monies is patently false, and probably can be described as corporatist propaganda.

The banks continue to mount a campaign to resist reform and regulation. They are taking advantage of the weakness of the Obama administration in failing to reform the banking system through liquidations and managed bankruptcies, including indictments and investigations as was seen in the Savings and Loan scandal.

It is difficult to continue to assume good intentions in this administration, or even mere incompetence. The objections put up by Geithner and Summers to the appointment of Elizabeth Warren as the head of the new consumer protection agency shows how reactionary they continue to be, and resistant to fundamental reforms.

American Banker
Failures on Two Coasts Stretch Toll for Year to 108

By Joe Adler
Friday, July 30, 2010

Five bank closures in four states Friday cost the federal government an additional $334 million in losses.

Regulators shuttered the $373 million-asset Coastal Community Bank in Panama City Beach, Fla., the $66 million-asset Bayside Savings Bank in Port Saint Joe, Fla., the $168 million-asset NorthWest Bank and Trust in Acworth, Ga., the $529 million-asset The Cowlitz Bank in Longview, Wash., and the $768-asset LibertyBank in Eugene, Ore. The failures brought the year’s total to 108.

The hammered Southeast bore the brunt of the failure activity, as it has for so many Fridays since the financial crisis began. Twenty banks have been seized in Florida in 2010, while 11 have failed in Georgia so far this year.

The two Florida institutions that failed Friday went to one buyer: Centennial Bank in Conway, Ark. The acquirer agreed to take over Coastal Community’s $363 million in deposits, Bayside Savings’ $52 million in deposits and roughly all of the assets of both institutions.

The Federal Deposit Insurance Corp. agreed to share losses with Centennial on $303 million of Coastal Community’s assets, and $48


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TOY STORY 3: PIXAR BASTARDS ENGULF THE WORLD IN TEARS AND SNOT

Not that I was planning on seeing the movie before reading this delightfully cynical review of Toy Story 3, but now I’m not even more. – Ilene 

TOY STORY 3: PIXAR BASTARDS ENGULF THE WORLD IN TEARS AND SNOT

By Eileen Jones, The eXiled 

WK-AU304_FILM1_F_20100617131616

Seriously, it beats me how people managed to develop such an appetite for sloppy sentimentality. With each successive hit feature, Pixar tests the limit of that appetite, and finds that there is no limit. Audiences drink up vats of Pixar’s patented corn syrup in animated film form, smack their sticky lips, and beg for more. Please, Pixar, could you make the characters even rounder and smoother and cuter, like a vast array of babies’ butts? Could everyone find out that everyone loves everyone else, and then all rescue each other ten or twelve times, with lots and lots of preaching along the way? Our tears, could they be jerked harder, to the point of actual pain and bruising this time?

Sure, says Pixar, and the ticket-money washes in like the tide.

Since this deplorable trend has been manifest for some time—our enabling of Pixar’s worst tendencies, I mean—it’s no surprise when they follow twee Wall-E with the grossly lugubrious Up and then top it all off with a sickening wallow like Toy Story 3. So why would I subject myself to this torture? Two reasons: 1) Michael Keaton as the voice of Ken Doll. I always liked Keaton and remain fascinated by the way he’s sabotaged his own career and squandered his great comic gifts. Keaton as Ken Doll looked funny in the previews, which gave me the faint hope that Pixar might stress the comedy over the sniveling in Toy Story 3. Curses, foiled again.

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The professional critics, of course, can’t gush enough about Toy Story 3, which has a supernaturally high rating of 98% on the Rotten Tomatoes site, a score that should be reserved for the second coming of Jesus Christ artfully caught on film by the world’s best cinematographer. These godforsaken critics especially loved the last fifteen minutes, which I’m now going to describe…

[...]

What’s so distressing about all this, as I keep pointing out, is the tremendous talent of the Pixar team getting wasted on nostalgic goop, forever presenting idealized 1950s suburban culture as the norm. Superficial contemporary trappings like iPods and day-care centers and the occasional non-white minor character shouldn’t…
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US Ceding Parts of Arizona to Criminal Activity, As It Has Been Doing in the Financial Markets

US Ceding Parts of Arizona to Criminal Activity, As It Has Been Doing in the Financial Markets

Courtesy of JESSE’S CAFÉ AMÉRICAIN

This situation is an analogue to the US economy, where increasingly larger portions of the financial markets in the US are being ceded to white collar fraud and manipulation by the gangs of New York. The problem is not with law enforcement per se, but that the basic functions of government are being overwhelmed by inept and corrupt lawmakers and regulators, the powerful rule of special interests, and a general lack of concern and disdain for the needs of the ordinary citizens. These are the root cause of the failures of government in the US.

This is not a problem of Republicans versus the Democrats. It is the age old problem of the avarice of an oligarchy of the self-proclaimed elites against the rights of the private individual, and the common people.

"From whence shall we expect the approach of danger? Shall some trans-Atlantic military giant step the earth and crush us at a blow? Never. All the armies of Europe and Asia…could not by force take a drink from the Ohio River or make a track on the Blue Ridge in the trial of a thousand years. No, if destruction be our lot we must ourselves be its author and finisher. As a nation of free men we will live forever or die by suicide."

Abraham Lincoln

"In a press conference ignored by the American national media, the sheriff described how his deputies were outmanned and outgunned by the cartel smugglers who increasingly operate using military tactics and weapons. The result, said Sheriff Babeu, was that a wide corridor of Arizona from the border North to the outskirts of Phoenix is effectively controlled by the cartels. "We do not have control of this area," the sheriff said.

At the same time as the sheriff’s ignored press conference, the national media did cover assurances from the Obama Administration that crime was down at the border; that the border had never been safer. This ludicrous propaganda was based on selected crime stats from San Diego, Phoenix, Austin and San Antonio. The new reign of terror on the border in Arizona was airbrushed out of the picture.

Here’s the real picture Obama does not want you to see. Warning signs were posted this past month by the federal government 80 miles…
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Crossing a Dangerous Threshold

Crossing a Dangerous Threshold

Courtesy of Michael Panzner at Financial Armageddon 

BeatDeadHorse

(Image: Source.)

Although it might seem like I’m beating a dead horse with my frequent updates on the troubles south of our border — see "No Glossing Over This Story," "As Bad As Ever," "Not So Sweet Lies," "Deteriorating Fast," "Failed State in Our Own Backyard" and "Morphing Into an Economic Problem" -- the reality is that things seem to be getting worse with each passing day. In fact, based on the following Human Events commentary by Roger Hedgecock, "Mexican Drug Cartels Control Parts of Arizona," some would say that events have crossed a dangerous threshold.

The United States is ceding parts of Arizona to the Mexican drug cartels. So says Pinal County (Ariz.) Sheriff Paul Babeu.

In a press conference ignored by the American national media, the sheriff described how his deputies were outmanned and outgunned by the cartel smugglers who increasingly operate using military tactics and weapons. The result, said Sheriff Babeu, was that a wide corridor of Arizona from the border North to the outskirts of Phoenix is effectively controlled by the cartels. "We do not have control of this area," the sheriff said.

At the same time as the sheriff’s ignored press conference, the national media did cover assurances from the Obama Administration that crime was down at the border; that the border had never been safer. This ludicrous propaganda was based on selected crime stats from San Diego, Phoenix, Austin and San Antonio. The new reign of terror on the border in Arizona was airbrushed out of the picture.

Here’s the real picture Obama does not want you to see. Warning signs were posted this past month by the federal government 80 miles North of the border on the South side of I-8 between Casa Grande and Gila Bend urging U.S. citizens not to camp or hike in the "Active Drug and Human Smuggling Area" because "Visitors May Encounter Armed Criminals." Here is a picture of one of those signs:

Border

Think about it. A part of America is off limits to U.S. citizens because it is now controlled by an army of foreigners.

U.S. Fish and Wildlife staffers report that the 3,500 acre Buenos Aires National Wildlife Refuge in this area is closed to U.S. citizens as well and is


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Propaganda Campaign Attempts to Mask the Economic Risks and Reality

Propaganda Campaign Attempts to Mask the Economic Risks and Reality

Courtesy of JESSE’S CAFÉ AMÉRICAIN

The propaganda campaign by the US government is trying to mask the fact that the economic recovery plan is failing and that America is rapidly losing confidence in Team Obama.

You cannot have a sustained recovery without changing the underlying conditions that caused the failure in the first place.

In addition to the media blitz dissected by Yves Smith in the essay excerpted below, I have never seen such a load of rubbish being put forward with regard to the markets in US financial assets and commodities, and I have seen quite a bit in the last twenty years. In particular, the campaigns against gold and silver in particular are heavy-handed, obvious, and reaching the point of hysteria.

The shorts are trapped, hopelessly trapped, and unable to deliver on their massive short positions. They are only able to manipulate the price in short term bursts, and continue to dig themselves deeper as the world demand continues to drain them.

Whoever heard of a bubble in which the major money center banks are so perilously short it? A bubble requires a broad participation and belief, and the encouragement of the market makers. And now a statement from an "SEC official" that there is a gold bubble. This, from the very people who allegedly could not see the tech, housing and credit bubbles until they fell on top of them.

And of course there are the funds and the wealthy, who mouth the same party line while lining their portfolios with huge positions and personal holdings.

Various exigencies can compel the big players to make statements swearing gold and silver are no good, no store of value against all the evidence of history. But the fact remains that the US dollar reserve currency regime is falling apart, tumbling like the humpty-dumpty construct that it is. And the status quo is shitting their collective pants about it, and the likely backlash from the public when their deceptions are exposed.

Don’t expect the Ancien Régime fiancier to fall easily, quietly, or quickly. But it will change; change is the only inevitability. And we all suspect what…
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SnowJob: Revising the Jobs Report

SnowJob: Revising the Jobs Report

jesse's cafe posterCourtesy of JESSE’S CAFÉ AMÉRICAIN

It appears as though the concerns expressed by the Adminstration about the snow storms and their impact on lost employment was overdone, if not misplaced. The market is pleasantly surprised with this -36,000 jobs number, since the expectations had been calibrated lower so effectively.

In fairness to the Obama Administration, they are only doing what Bush II, Clinton, and Bush I had been doing right along with almost every statistic that they have issued. It’s called ‘perception management.’ Greece used one method of accounting management in shaping the numbers, and the US uses its own approach to what is essentially a similar problem.

“Propaganda proceeds by psychological manipulations, character modifications, and the creation of stereotypes useful when the time comes.
The two great routes that propaganda takes are the conditioned reflex and the myth.” Jacques Ellul

In addition to the ‘better-than-expected’ jobs loss announced today for February, the Bureau of Labor Statistics also went back and adjusted the employment numbers from April-July 2009.

"With the release of February data on March 5, 2010, BLS has corrected April-July 2009 establishment survey estimates for all employees and women employees for the federal government series. The changes result from corrections to initial counts for Census temporary and intermit- tent workers for Census 2010."

This adjustment itself was not so great, certainly not as significant as the benchmark revision done in January for the 12+ months preceding.

I thought it would be an interesting exercise to compare the views of the US employment Seasonally Adjusted "headline numbers" presented by the BLS in December 2009, and the current view that they are showing as the true number today after the two recent sets of revisions. 

The net result of the revisions is that jobs were added to the beginning and the end of what will be defined as ‘the recession.’

This serves to now make the slump look steeper and more severe, and the recovery to be a little sharper, with plenty of jobs leftover to create a ‘flat impression’ in 2010 at worst.

In short, jobs were removed from almost every month in the revision during the slump, and shoved into the beginning and into the end.

That looks like a nice picture of a recovery, doesn’t it? See, the Feburary 2009 stimulus program and the strategy of massive bank bailouts…
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Market Shadows

Riding in Toyota Today

Riding in Toyota Today

By Paul Price of Market Shadows

Market Shadows Virtual Value Portfolio put most of our remaining cash reserves to work this morning in buying 38 ADRs (American Depository Receipts) of Toyota Motor Company (TM) the world’s largest seller of automobiles and trucks.  We like and already own shares of Honda (HMC) as well.

The stock was down overnight due to negative action in the Japanese marketplace so we got a great entry price of just $106.57 per ADR today.

Toyota’s 52-week range has b...



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Chart School

How Long to the Next Recession? iM's Weekly Update

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

The BCI at 169.3 is down from last week's upward revised level of 169.5. BCIg, the smoothed annualized growth of BCI, at 16.9 is down from last week's upward revised 17.5. This week's BCI shows no recessionary trends.

Figure 1 plots BCIp, BCI, BCIg and the S&P500 together with the thresholds (red lines) that need to be crossed to be able to call a recession.



Click for a larger image

The off-peak indicato...



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Zero Hedge

Desperate Ukraine Pleads: "Red Line Has Already Been Crossed"

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Ukraine's Deputy Foreign Minister Danylo Lubkivsky exhorted to US State department officials, "let's not look for further time frames," demanding "all necessary pressure" be applied now. The red line has already been crossed and, as Bloomberg reports,  Lubkivsky says he hopes U.S., EU don’t prioritize political concerns over moral ones and that the West will help with economic, diplomatic and military assistance.

 

As Bloomberg reports,

“Let’s not look for further time frames” and instead exert “all necessary pressure,” Ukrainian deputy foreign minister Danylo Lubkivsky tells State Dept officials, jo...



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Phil's Favorites

Initial Jobless Claims Jump Most In 4 Months, Continuing Claims At Best Since 2007

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Initial jobless claims surged from 304k to 329k this week, the biggest weekly rise since mid-December. From exuberance at new cycle lows, we swing to the average of the last 8 months. This is the biggest miss to expectations in over 2 months. Continuing Claims dropped further to new cycle lows at 2.68 million (beating expectations) - its lowest since Dec 2007. So this is as good as it gets for continuing claims - America is back at its best!

Initial claims surges back up to its average of the last 8 months...

...



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Insider Scoop

Zogenix Announces Sale of SUMAVEL DosePro Migraine Therapy to Endo International for $85M, Up to $20M Milestone Payments

Courtesy of Benzinga.

Related ZGNX Zogenix Responds to Governor's Action Singling Out Zohydro ER in Massachusetts Zogenix Shares Soar on Massachusetts Developments - Analyst Blog

Zogenix, Inc. (Nasdaq: ZGNX), a pharmaceutical company developing and commercializing products for the treatment of pain-related and central nervous system (CNS) disorders, announced today that it has entered a definitive agreement to sell its SUMAVEL® DoseP...



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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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Option Review

Casino Stocks LVS, WYNN On The Run Ahead of Earnings

Shares in Las Vegas Sands Corp. (Ticker: LVS) are up sharply today, gaining as much as 5.7% to touch $80.12 and the highest level since April 4th, mirroring gains in shares of resort casino operator Wynn Resorts Ltd. (Ticker: WYNN). The move in Wynn shares appears, at least in part, to follow a big increase in target price from analysts at CLSA who upped their target on the ‘buy’ rated stock to $350 from $250 a share. CLSA also has a ‘buy’ rating on Las Vegas Sands with a $100 price target according to a note from reporter, Janet Freund, on Bloomberg. Both companies are scheduled to report first-quarter earnings after the closing bell on Thursday.

...

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Sabrient

What the Market Wants: Market Poised to Head Higher: 3 Stocks to Consider

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

Courtesy of David Brown, Sabrient Systems and Gradient Analytics

Yesterday, the market continued its winning ways for the fifth consecutive day.  The S&P 500 closed within 1% of its all-time high, and the DJI was even closer to its all-time high.  Healthcare, Energy and Technology led the sectors while Financials, Telecom, and Utilities finished slightly in the red.  All three sectors in the red are typically flight-to-safety stocks, so despite lower than average volume, the market appears poised to make new highs.

Mid-cap Growth led the style/caps last week, up 2.87%, and Small-cap Growth trailed, up 2.22%. This week will bring well over 100 S&P 500 stocks reporting their March quarter earn...



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OpTrader

Swing trading portfolio - Week of April 21st, 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 this week's Stock World Weekly. Click here and sign in with your PSW user name and password, or sign up for a free trial.

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Digital Currencies

Facebook Takes Life Seriously and Moves To Create Its Own Virtual Currency, Increases UltraCoin Valuation Significantly

Courtesy of ZeroHedge. View original post here.

Submitted by Reggie Middleton.

The Financial Times reports:

[Facebook] The social network is only weeks away from obtaining regulatory approval in Ireland for a service that would allow its users to store money on Facebook and use it to pay and exchange money with others, according to several people involved in the process. 

The authorisation from Ireland’s central bank to become an “e-money” institution would allow ...



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Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



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Pharmboy

Here We Go Again - Pharma & Biotechs 2014

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

Ladies and Gentlemen, hobos and tramps,
Cross-eyed mosquitoes, and Bow-legged ants,
I come before you, To stand behind you,
To tell you something, I know nothing about.

And so the circus begins in Union Square, San Francisco for this weeks JP Morgan Healthcare Conference.  Will the momentum from 2013, which carried the S&P Spider Biotech ETF to all time highs, carry on in 2014?  The Biotech ETF beat the S&P by better than 3 points.

As I noted in my previous post, Biotechs Galore - IPOs and More, biotechs were rushing to IPOs so that venture capitalists could unwind their holdings (funds are usually 5-7 years), as well as take advantage of the opportune moment...



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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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