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February 23rd, 2017 3:03 pm
Two weeks ago, we reported that when Goldman observed the latest gasoline demand data, it said that either something must be wrong with the data, or the US is in a recession: as the firm's commodity analyst Damien Courvalin put it, such a steep drop in in US gasoline demand "would require a US recession." He added that "implied demand data points to US gasoline demand in January declining 460 kb/d or 5.2% year-on-year. In the absence of a base effect, such a decline has only occurred in four periods since 1960 during which time PCE contracted."
February 23rd, 2017 3:02 pm
By The Foundation for Economic Education. Originally published at ValueWalk.
Yesterday, Nobel Prize winning economist Kenneth Arrow died. Many first-rate appreciations of him have been published and I won’t try to duplicate what they have said.
Rather, I’ll give my own recollections of Arrow.
And I’ll lead with one joke told my someone on Facebook. I won’t quote him by name because I don’t have permission. To get the joke, you need to read the first paragraph of my bio of Arrow in The Concise Encyclope...
February 23rd, 2017 1:10 pm
Note: Cincarious Research contributed the article LifeLock Willing To Give FireEye $16 Per Share In Takeover Offer - Sources to Zero Hedge. It appears to be fake - or at least old - news.
Read this: Who or what is “Cincarious Research?”
Cincarious Research writes,
LifeLock is looking to revamp itself with a purchase of FireEye according to a few of our sources in the security space that are privy to the on-going conversation. We were told the company is seeking to expand offerings and the added cyber-security depth from FireEye on the government level is what LifeLock wants, badly. The deal is set for $16 per share for a total va...
February 23rd, 2017 9:24 am
Courtesy of Chris Kimble.
Silver and Gold have continued to head lower since highs reached back in 2011. Is the 6-year bear market nearing an end?
Below looks at the Silver/Gold ratio over the past decade. To be long and strong Silver and Gold, the preference would be for this ratio to be heading higher.
CLICK ON CHART TO ENLARGE
The ratio has formed a clean falling channel (series of lower highs and lower lows) inside of (1). Three different times it knocked on the underside of falling...
February 23rd, 2017 8:26 am
Financial Markets and Economy
Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers.
A definitive breakdown of the gloomy state of Wall Street (Business Insider)
Don't be fooled by the strong rebound in Wall Street trading revenues at the end of 2016: Investment banks still had a lousy year.
February 22nd, 2017 5:36 pm
Courtesy of Declan.Nothing really to add to yesterday. Markets took minor hits, but there was little intraday spread. The biggest spread was in the Russell 2000 which was underperforming heading into today's session. It reversed most of yesterday's gains, but it has some way to go before it begins challenging the breakout
February 22nd, 2017 9:18 am
Courtesy of Reggie Middleton at Zero Hedge
Credit Suisse has been posting cryptocurrency advisories over the last few weeks. They are quite one-sided, although couched in the appearance of objectivity. To explain why it's couched in the appearance of objectivity, and not actually objective, let me give you some background.
The Obama administration enacted a law known as the Fiduciary Rule, as per Investopedia:
The Department of Labor’s definition of a fiduciary demands that advisors act in the best interests of their clients, and to put their clients' interests above their own. It leaves no room for advisors to conce...
February 22nd, 2017 8:30 am
Courtesy of The Nattering Naybob
Phil – LL – "I can see the ad campaign now: "Our lumber hardly kills you!"
We Nattered... Today Feb 23, 2016 down -19.5% premarket from $14.21 to $11.27.
Somebody forgot to convert feet to meters. The CDC said it made an ERROR in the Feb 10th report and had used an incorrect value to calculate ceiling height, which meant its estimates of the airborne concentration of cancer-causing formaldehyde were about three times lower than they should have been.
Considering myeloid leukemia, some cancers and formaldehyde are linked at the hip, wonder if overexposure had anything to do with the CEO's leukemia?
LL subsequently went to $19.67 on Sept 30th and has since cooled down to $15....
February 21st, 2017 11:00 pm
Courtesy of Benzinga.Related DISCA Benzinga's Top Upgrades, Downgrades For February 22, 2017 Must Watch Stocks for February 14, 2017 ...
February 20th, 2017 10:33 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 ...
February 14th, 2017 11:32 am
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 KEVIN DRUM
….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...
January 23rd, 2017 1:20 pm
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
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...
December 9th, 2016 12:32 pm
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.
May 13th, 2016 2:40 pm
Reminder: Harlan is available to chat with Members, comments are found below each post.
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...