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July 7th, 2015 9:06 pm
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July 7, 2015
[Editor's Note: This missive was penned by Tim Staermose, Sovereign Man's Chief Investment Strategist.]
The Chinese stock market bubble is bursting. And the government is hitting the panic button.
Having actively encouraged the bubble with cheap money, lax margin loan regulations, and constant cheerleading and propaganda, Chinese authorties apparently also think they can mop up the mess.
Time and time again, governments who get into the game of managing the level of stock market indices always fail.
It happened in Taiwan in 1994, and South Korea in 1997. Both were unmitigated disasters.
The consequences will be wide-reaching; China's is the biggest stock market bubble ever.
In 1928-1929, prior to ...
July 7th, 2015 8:50 pm
Courtesy of Mish.
A few days ago I received an email from yet another naysayer telling me that I was wrong about self-driving cars and we would not see them in his lifetime.
I don't recall precisely how I answered, but it was along the lines of "Are you planning on dying in five years?"
Today I received an email from Richard, a more enlightened reader who writes ...
Your predictions for self driving cars and trucks seems to be on track. Looks like interesting times ahead as interest builds.
Uber CEO Wants 500,000 Autonomous Cars In 2020
Richard emailed a link to the Green Car Reports article ...
July 7th, 2015 5:21 pm
Courtesy of Declan.A huge bullish reversal after an opening sell off leaves things nicely set for bulls tomorrow. The media attributed a recovery in oil prices to market gains (a rare attribution for oil prices!), but whatever the cause it was a big intraday swing.
July 7th, 2015 3:11 pm
Financial Markets and Economy
Trade Deficit increased in May to $41.9 Billion (Calculated Risk)
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $41.9 billion in May, up $1.2 billion from $40.7 billion in April, revised. May exports were $188.6 billion, $1.5 billion less than April exports. May imports were $230.5 billion, $0.3 billion less than April imports.
'The Great Fall of China' is hitting other markets (Business Insider)
July 7th, 2015 2:40 pm
Reminder: David is available to chat with Members, comments are found below each post.
July 7th, 2015 8:29 am
Courtesy of Chris Kimble.
From the first of February to the end of June, the yield on the 10-year note shot up nearly 40%. This sharp rally hurt bond funds big time, as TLT suffered one of worst short-term declines in its history, falling 13% in a 16-weeks. (See post here and chart below)
The strong rally in yields took them to the 2.5% level, where they hit dual resistance at (1) above. This dual resistance was its 2-year falling channel and the 61% level. Now yields could be breaking down from its historic yield ra...
July 7th, 2015 12:00 am
Courtesy of Benzinga.Related Benzinga's Top Initiations 5 NASDAQ Services Stocks With The Highest ROA Related FIT Fitbit Bulls Step Up To The Plate Tuesday's Mid-Day Movers: Juno, Fitbit, Kandi Spike; Puerto Rico News Affe...
July 6th, 2015 8:46 pm
Reminder: Sabrient is available to chat with Members, comments are found below each post.
Courtesy of Sabrient Systems and Gradient Analytics
Of course, all eyes have been on Greece in an ongoing saga that, although critical to the Greeks, is mostly just an annoying distraction for global investors -- partly because it has been going on for so many years, with the proverbial can of inevitability continually being kicked down the road, and partly because there can be no winners in this intractable situation. Predictably, the electorate chose to follow the advice of the communists that they elected and reject the rigid bailout offer, calling the bluff of the IMF, ECB, and Eurozone and betting they will do whatever it takes to avoid losing one of its members. These are uncharted waters, and with the resultant s...
July 6th, 2015 8:00 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 ...
July 5th, 2015 12:40 pm
Submitted by Tyler Durden.
If the early bitcoin markets are an indication of what will happen once New Zealand opens for illiquid FX trade, it will be a risk off kinda day.
And that doesn't even take into account the pandemonium that will be unleashed in China in a few hours after the PBOC just went all-in to halt the crashing stock market. What if it fails to get a green close before tomorrow's US open?
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 email@example.com 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...