Posts Tagged ‘The Dodd Frank Act’

Here Are The Key Points You Need To Know About Today’s BigFinancial Regulation Agreement

Here Are The Key Points You Need To Know About Today’s Big Financial Regulation Agreement

Courtesybarney frank of Joe Weisenthal at Clusterstock 

Early this morning The House and the Senate agreed on a financial reform compromise that will certainly be sent to The President to pass.

The name of it is the Dodd-Frank act.

The details are still emerging, but here’s some of what you need to know:

  • Volcker Rule: Only 3% of a bank’s tangible common equity can be invested in hedge funds or private equity.
  • Also under the Volcker Rule, prop trading at bank holding companies is not allowed, but of course this will be subject to substantial debate about what prop trading is.
  • As CNBC’s Kate Kelly reports, there’s also language in the bill that could prevent banks from hedging their exposure to trades done on behalf of clients. This is a response to the Goldman ABACUS scandal, and the idea that banks are taking positions contrary to their clients wishes. Major banks are said to be very concerned about this.
  • Blanche Lincoln’s anti-derivatives rule remained somewhat intact. Banks will be allowed to use various swaps to hedge their own exposure, but dealing of many derivatives will be forced into separately capitalized hives of the big firms.
  • As Reuters notes, the Fed is gaining several powers in this including greater oversight of systemic risk, and it will house the consumer protection agency.
  • As for the consumer protection agency, it reamain unclear what shape it will take. Much of it may depend on who is helming it, and what political party is in charge. This was previously seen as a particularly controversial measure, but nobody is all that worried about it right now.
  • Regarding the consumer, the bill limits fees debt card firms can charge.
  • The Fed will be audited regarding its open market activities, but will not face oversight on actions realted to monetary policy.
  • The Ratings Agencies will be subject to greater oversight, and will have more liability, according to Reuters.
  • The bill includes a new $19 billion levy on banks, according to POLITICO.
  • Broker dealers will still not have


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Zero Hedge

Gallup Finds Americans' Hostility To Russia Soared After Obama's 2012 Re-Election

Courtesy of ZeroHedge. View original post here.

Submitted by Eric Zuesse via The Strategic Culture Foundation,

The Gallup organization samples Americans’ approval-disapproval of Russia in February of each year, and the approval-figure for this year is only slightly more than half as high as it had been back in 2012...



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Phil's Favorites

Can Trump resist the power of behavioral science's dark side?

 

Can Trump resist the power of behavioral science's dark side?

Courtesy of Jon M Jachimowicz, Columbia University

More than two dozen governments, including the U.S., now have a team of behavioral scientists tasked with trying to improve bureaucratic efficiency to “nudge” their citizens toward what they deem to be higher levels of well-being.

A few recent examples include a push by the socialist French government to increase the numbers of organ donors, a conservative UK government plan to prevent (costly) missed doctor appointments, and efforts by the Obama White House to ...



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ValueWalk

The 2017 Dirty Dozen List Is Announced

By VWArticles. Originally published at ValueWalk.

NCOSE Names Mainstream Companies and Groups Facilitating Sexual Exploitation

Washington, DC – The National Center on Sexual Exploitation announced its 2017 Dirty Dozen List today, naming twelve major contributors to sexual exploitation. NCOSE also announced a victory regarding Verizon.

lannyboy89 / PixabayWhy the Dirty Dozen List is Important

“No corporation or organization should profit from or facilitate sexual exploitation,” said Dawn Hawkins, Executive Director of the National Center on Sexual Exploitation. “That’s why we started The Dirty Dozen List—an annual project that names ...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

S&P 500 Is Already Trading at Wall Street's Year-end Forecast (Bloomberg)

The market bellwether has already reached the average year-end target of Wall Street analysts with a 5.5 percent gain since December, according to data compiled by Bloomberg.

French Economy Grows F...



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Kimble Charting Solutions

Wal-Mart; Bull Flag Breakout In Play?

Courtesy of Chris Kimble.

Retail stocks don’t have much to brag about over the past couple of years. Is this trend about to change, at least for Wal-Mart (WMT)?

Below looks at a chart of WMT over the past decade. As you can see, since the highs in early 2015, WMT has created a series of lower highs.

CLICK ON CHART TO ENLARGE

WMT has struggled to make upside headway inside of the falling channel highlighted above...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results.



Date Found: Wednesday, 13 July 2016, 03:17:09 PM

Click for popup. Clear your browser cache if image is not showing.
Comment: .."But, investors truly wonder if the moves are sustainable. As we have stressed, the valuation on Utilities looks stretched..."... RTT: No kidding!!



Date Found: Monday, 18 July 2016, 03:28:53 AM

Click for popup. Clear your browser cache if image is not showing.
Comment: Catherine Austin Fitts-The Debt Game Is Over youtu.be/feW-iDhkoiA



Date Found:...

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OpTrader

Swing trading portfolio - week of February 20th, 2017

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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Digital Currencies

How to Use, Trade, Store and Invest in Bitcoin Digital Assets - Step by Step, Part 1

By Reggie Middleton

(Originally published on Zero Hedge)

I will teach novices and experts alike how to fit Bitcoin into an investment portfolio safely and with the optimum risk-adjusted potential - along with step-by-step guides, instructions and tutorials.

This first part of the series starts with the basics, obtaining and managing your bitcoin.

What is Bitcoin?

First off, we need to know what Bitcoin is since most media pundits and even experienced financial types truly do not know. Bitcoin (capital "B") is a protocol driven network (very similar to that other popular protocol-based network, the Internet). This network is a blank tapestry upon which smart and creative actors can paint a cornucopia of applications (just like applicat...



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Members' Corner

Save Your Relationship?

Courtesy of Nattering Naybob.

Once again it's "in the Toilet Thursday" or "Thursday's in the Loo".

Our last episode How to Poop At Work? answered the question, what to do when your at a big fancy pants meeting, when out of nowhere, you need to download a brown load?

This week's installment, Save Your Relationship, demonstrates that people will do just about anything to save their relationshits...

...

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Mapping The Market

NSA May Be Withholding Intel from President Trump

By Jean Luc

These GOP guys were so worried about Hillary's email server and now we find out that we had something close to a Russian mole in the White House. In the meantime, Trump keeps on using his unsecured phone, had high level conversation in his resort in front of dinner guests! It's getting so bad that rumors are now circulating that the NSA is not sharing information with the WH:

NSA May Be Withholding Intel from President Trump

By 

….Our spies have had enough of these shady Russian connections—and they are starting to push back….In light of this, and out of worries about the White House’s ability to keep secrets, some of our spy agencies have begun withholding intelligence fro...



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Promotions

Phil's Stock World's Las Vegas Conference!

Learn option strategies and how to be the house and not the gambler. That's especially apropos since we'll be in Vegas....

Join us for the Phil's Stock World's Conference in Las Vegas!

Date:  Sunday, Feb 12, 2017 and Monday Feb 13, 2017            

Beginning Time:  9:30 to 10:00 am Sunday morning

Location: Caesars Palace in Las Vegas

Notes

Caesars has offered us rooms for $189 on Saturday night and $129 for Sunday night but rooms are limited at that price.

So, if you are planning on being in Vegas (Highly Recommended!), please sign up as soon as possible by sending...



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Biotech

The Medicines Company: Insider Buying

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

I'm seeing huge insider buying in the biotech company The Medicines Company (MDCO). The price has already moved up around 7%, but these buys are significant, in the millions of dollars range. ~ Ilene

 

 

 

Insider transaction table and buying vs. selling graphic above from insidercow.com.

Chart below from Yahoo.com

...

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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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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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