Posts Tagged ‘Quotes’

China Sovereign Wealth Fund Chairman with Quote of the Year, 2009

True, 2009′s not over but Trader Mark is pretty confident his top pick won’t be outdone.

China Sovereign Wealth Fund Chairman with Quote of the Year, 2009

Courtesy of Trader Mark at Fund My Mutual Fund

Every year we try to find a quote of the year – frankly with the way the world has been going picking one each year is impossible. And it is hard to pick between people saying incredulous things because they actually believe it or quotes based in fact but completely amazing in their utterance.

In 2007, there were a few great candidates in retrospect – Hank Paulson saying

I don’t see (subprime mortgage market troubles) imposing a serious problem. I think it’s going to be largely contained.

probably is the most infamous.

I don’t have a great memory for these type of things like those who can pull out movie quotes from a movie seen 5 years ago, but in the past few weeks we were reminded of Ben Bernanke’s famous utterance at Jackson Hole Wyoming in late summer 2007

it is not the responsibility of the Federal Reserve - nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions

I know! Knee slapping humor! Can you believe people take this guy at his word? haha

I personally loved this one because the pure arrogance of the Anglo Saxon model is exposed – because only if you let bankers run wild, will they bring you innovations that create “prosperity for all. (translated: prosperity for them) If you somehow limit their compensation or actions, they will move to a country that will not! And then your economy will suffer the consequences of their moving. Just imagine how thankful Americans would be (and less debt our grandchildren would have) if the the small sliver of financial innovators had fled the country in 2004 due to “unfair” wage schemes they were not allowed to have according to the “free market” (free market defined as London and New York) My gosh they might have had to destroy Dubai instead of us.

Emerging markets are being favored in part because “financial innovations are less common in developing countries,” said Heidemarie Wieczorek-Zeul, German economics


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Key Quotes from Biden on the Stimulus

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Key Quotes from Biden on the Stimulus

Courtesy of TIME, Mark Halperin

From NBC’s "Meet the Press":

"No one realized how bad the economy was. The projections, in fact, turned out to be worse. But we took the mainstream model as to what we thought — and everyone else thought — the unemployment rate would be."

"Everyone guessed wrong at the time the estimate was made about what the state of the economy was at the moment this was passed."

"The bottom line is that jobs are being created that would not have been there before."

"Can I claim credit that all of that’s due to the recovery package? No. But it clearly has had an impact."

Photo: Getty, courtesy of TIME

 


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Zero Hedge

Massive Explosion Rocks Budapest, Multiple Injuries, Heavy Police Presence

Courtesy of ZeroHedge. View original post here.

Update: according to some preliminary reports, the explosion may have been caused by a gas leak, although an official version for the cause has yet to be provided.

Police believe the explosion in Budapest was caused by a gas leak, with 2 people reportedly injured https://t.co/yvibz7N3Pc

— ITV News (@itvnews) September 24, 2016

* * *

While the source of the powerfu...



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Phil's Favorites

Merkel Says No Aid for Deutsche Bank; Depositor Bail-In Coming Up?

Courtesy of Mish.

The €72 trillion (notional) derivatives mess known as Deutsche Bank remains under severe pressure. It’s market cap is $17.43 billion. It has no earnings and pays no dividend.

On April 23, Deutsche Bank was Fined $2.5 Billion over LIBOR rate rigging. Twenty-one people face criminal charges following a seven-year investigation.

On September 16, the US Department of Justice Fined Deutsche Bank $14B for mortgage securities fraud leading up to the 2007-2009 global meltdown.

Today, German Chancellor ...



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ValueWalk

Stephan Meier - Behavioral Personal Finance

By VW Staff. Originally published at ValueWalk.


During the webinar, Professor Stephan Meier focuses on behavioral personal finance. He discusses how recent advances in what we know about humans’ financial decision-making can lead to new thinking about how to interact with consumers.

Stephan Meier – Behavioral Personal Finance

Image source: YouTube Video Screenshot

The post Stephan Meier – Behavioral Personal Finance appeared first on ValueWalk.

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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Bond Market Signals It May Be Ready to Take the Fed at Its Word (Bloomberg)

Treasuries traders are signaling a growing conviction that the Federal Reserve will follow through on its projections and raise interest rates in 2016.

Currency Volatility Poised to Surge as U.S. Election, Fed Loom (Bloomberg)

Volatility in the $5.1-trillion-a-day foreign-exchange market is down, but not out, according to UBS AG.

...



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Kimble Charting Solutions

Crude Oil attempting key breakout, says Joe Friday

Courtesy of Chris Kimble.

Below looks at Crude Oil on a “Monthly Closing” basis, since the early 1980’s.

Crude Oil started tanking in 2014 and its low earlier this year, took place at dual long-term support at (1) below.

CLICK ON CHART TO ENLARGE

Two support lines, that date back over a decade, came into play at (1) and so far have held. Crude remains in a down trend and this down trend is being tested at this time.

Joe ...



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Chart School

Price and volume health check

Courtesy of Read the Ticker.

Those who use volume as part of the technical studies will say the wish to see a rising market where volume is greater on the upswing that that on the down swing.

A very good demonstration of this is shown by the readtheticker.com NetVolume indicator, if volume is healthy during a rising market then the NetVolume will rise with the trend, if it is not then other forces are at work.

Also divergence is between price and the NetVolume indicator add value, if you have a fall in the market and the NetVolume indicator does not show an equal swing down, then the divergence must be bullish and the swing down can be considered a light volume sell off.

The NetVolume indicator is a price and volume trend ‘health check’, it is not a marke...

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OpTrader

Swing trading portfolio - week of September 19th, 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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Members' Corner

Market Liquidity and Macroeconomic Bullshit

 

Market Liquidity and Macroeconomic Bullshit

Courtesy of The Nattering Naybob

STJL - "Apparently macroeconomics is all bullshit – ROFL! Paging Naybob now… Famous Economist Paul Romer Says Macroeconomics Is All Bullshit."

The Nattering One muses... Macroeconomics as practiced by academics and those in charge is pure voodoo. Better to chant over goat blood, bird feathers and scattered entrails...

As for reality, overnight CNH HIBOR (...



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Mapping The Market

Here's a Cautionary Tale of Pension Privatization From Chile

Via Jean-Luc:

"When you let the free market take over, the little people get screwed and bankers get rich. Chile tried privatizing retirement plans and surprise, surprise, fund manager ate the profits… Pretty sure the results would be the same here..."  ~ Jean-Luc

Here's a Cautionary Tale of Pension Privatization From Chile

By KEVIN DRUM, Mother Jones

Among free-market fans, Chile's privatized pension plan has long been held up as a model for us to follow. The problem, as the Financial Times notes today, is ...



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Digital Currencies

Gold, Silver and Blockchain - Fintech Solutions To Negative Rates, Bail-ins, Currency Debasement and Cashless

Courtesy of ZeroHedge. View original post here.

By Jan Skoyles

I was so pleased yesterday by the announcement that I have joined the Research team at GoldCore as it meant that I could finally start talking about it and was back in a role that lets me indulge in my passion by researching and geeking out on all things gold, silver and money.

...



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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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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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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.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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