by ilene - April 30th, 2010 2:23 pm
Courtesy of Zero Hedge
by ilene - April 30th, 2010 2:23 pm
Courtesy of Zero Hedge
October 9th, 2015 1:06 pm
Courtesy of John Rubino.
It turns out that the world of ZIRP/NIRP isn’t the banking paradise that some thought it would be. See Why The Big Banks Want Higher Interest Rates.
Whether the problem is with low interest rates themselves or the fact that rates still aren’t low enough to ignite a new credit boom is not clear. What is clear is that the world’s money center banks are facing a brutal downsizing. From today’s Wall Street Journal:
Deutsche Bank: Tip of the Iceberg for Cutbacks at European Banks? LONDON— Deutsche Bank AG’s warning that it expects a €6.2 billion ($6.98 billion) third-quarter loss highlights a potentially bumpy financial-reporting season looming f...
October 9th, 2015 11:36 am
Submitted by Tyler Durden.
Hot on the heels of Deutsche Bank's admission that all is not well, Credit Suisse's announcement last night of a major capital raise was greeted by buying pressure from investors. However, reality punched them in the face this morning as CS releasaed its investor day details and, as Bloomberg reports, is looking to raise up to CHF8 billion (almost 50% larger than Goldman Sachs investor survey suggested). Clearly, CS' has a much more massive capital shortfall than expected.
As Bloomberg reports,
October 9th, 2015 10:44 am
Financial Markets and Economy
U.S. stock-index futures were little changed, after disappointing results from Alcoa Inc. offset optimism from a winning streak that’s put the Standard & Poor’s 500 Index on track for its best week of the year.
It's a rare week when there are two positive economic data points coming out of France....
October 9th, 2015 9:55 am
Courtesy of Chris Kimble.
Ryan Detrick and I produced a webinar this week, covering some new indicators we created, which we shared publicly for the first time.
We also shared two new Buy & Hold indicators we created, as well as two short-term trades, that look goo...
October 8th, 2015 1:40 pm
Reminder: David is available to chat with Members, comments are found below each post.
October 8th, 2015 4:05 am
Whitney Tilson On LL, EXACT, And Martin Shkreli
Courtesy of Value Walk
1) The shares of one of my largest short positions (~3%), Exact Sciences, crashed by more than 46% yesterday. Below is the article I published this morning on SeekingAlpha, explaining why I think it’s still a great short and thus shorted more yesterday. Here’s a summary:
October 8th, 2015 12:00 am
Courtesy of Benzinga.Related PLCM Benzinga's Top Downgrades William Blair Downgrades Polycom To Underperform Related MITL Mitel Views Mavenir Purchase Modestly Dilutive In Second Half Of 2015 ...
October 7th, 2015 5:03 pm
Courtesy of Declan.Bulls can be happy with today's progress. What weakness emerged today was reversed by the close, a change on yesterday's action where sellers dumped in the last few minutes of trading. Volume climbed to register an accumulation day.
October 5th, 2015 10:18 am
Reminder: Sabrient is available to chat with Members, comments are found below each post.
Courtesy of Sabrient Systems and Gradient Analytics
Uncertainty about the health of the global economy led investors to flee U.S. equities during Q3, primarily driven by worries about China's growth prospects and the Federal Reserve’s decision to not raise rates. Sure, there are plenty of real and perceived headwinds, but on balance it seems that a recession here at home is not in the cards. And when you consider sentiment and the technical picture, it appears that a continuation of Friday’s bounce is in store. The question remains as to whether the seasonally strong Q4 will be able to propel the bulls through levels of resistance that have built up.
In this weekly update, I give my view o...
October 5th, 2015 1:57 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 ...
September 25th, 2015 5:26 pm
It looks as if one of the world's best-funded bitcoin companies is running into trouble
The bitcoin payment processing company BitPay is scaling back its business.
The industry news site CoinDesk reports that BitPay has cut about 20 positions, just a day after it scrapped its "free and unlimited" bitcoin processing offer for new m...
June 10th, 2015 10:48 pm
Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.
Baxter Int. (BAX) is splitting off its BioSciences division into a new company called Baxalta. Shares of Baxalta will be given as a tax-free dividend, in the ratio of one to one, to BAX holders on record on June 17, 2015. That means, if you want to receive the Baxalta dividend, you need to buy the stock this week (on or before June 12).The Baxalta Spinoff
By Ilene with Trevor of Lowenthal Capital Partners and Paul Price
In its recent filing with the SEC, Baxter provides:
“This information statement is being ...
May 3rd, 2015 5:11 pm
Courtesy of Jean-Luc Saillard
Back in December, I wrote a post on my blog where I compared the performances of various ETFs related to the oil industry. I was looking for the best possible proxy to match the moves of oil prices if you didn't want to play with futures. At the time, I concluded that for medium term trades, USO and the leveraged ETFs UCO and SCO were the most promising. Longer term, broader ETFs like OIH and XLE might make better investment if oil prices do recover to more profitable prices since ETF linked to futures like USO, UCO and SCO do suffer from decay. It also seemed that DIG and DUG could be promising if OIH could recover as it should with the price of oil, but that they don't make a good proxy for the price of oil itself.
March 28th, 2015 7:45 am
Kim Parlee interviews Phil on Money Talk. Be sure to watch the replays if you missed the show live on Wednesday night (it was recorded on Monday). As usual, Phil provides an excellent program packed with macro analysis, important lessons and trading ideas. ~ Ilene
The replay is now available on BNN's website. For the three part series, click on the links below.Part 1 is here (discussing the macro outlook for the markets) Part 2 is here. (discussing our main trading strategies) Part 3 is here. (reviewing our pick of th...
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...