Archive for 2010

Predatory Lending – Tim Miller – “Love, Your Broken Home”

Courtesy of 4closureFraud

 

TimMillerDotCom

A little while back I listened to an interview on the radio involving predatory lending practices. On one side, they had a family on the verge of being homeless because of these predatory practices. On the other side, they interviewed a twenty something year old lender.

I know there are a lot of borrowers out there who were greedy and got burned because of it. This family, however, was not one of those borrowers.

Essentially, this family trusted the lender and was taken advantage of. The family was persuaded to “lock in” a variable rate loan because of its “favorable” terms. Because of the “favorable” terms, of course, the lender told the family they could borrow much more money than, in reality, the family should have.

The lender prospered by exploiting families like this – actually saying in the interview how he and buddies would fly to Vegas, go to the best clubs, etc. etc.

Not surprisingly, the family’s home was foreclosed after their interest rate reset according to the terms of the loan.

The interview had a profound effect on me and inspired me to write a song about this American tragedy.

I stopped by producer/engineer Chris Bell’s place and we ran it down using his Canon 7D camera.

LOVE, YOUR BROKEN HOME
By: Tim Miller © 2010

VERSE 1:
I’M IN WITH AN AMERICAN WHORE
I LAID DOWN WHEN YOU SAID HEY SIR,
YOU COULD HAVE SO MUCH MORE
GOT ME RIGHT TO THE LINE
A GENTLE NUDGE BEGINS THE FALL
HEY, HOW COME YOU NEVER FELL AT ALL

CHORUS 1:
FOOLISH CHILD, I’M FEELING LIKE A FOOLISH CHILD
HOW YOU PUSHED ME ON, OH THE BULLY HAS A BLINDED PAWN
AND I, I I …
I’M SEEING WHY YOU WERE SO FAST AND LOOSE FOR THE CLOSE
LOVE, YOUR BROKEN HOME

VERSE 2:
HEY SIR SO WISE WITH YOUR BIG DEGREE
I HEAR YOU’RE OUT THERE LIVING LARGE IN SOME VELVET ROPE RED CARPET SCENE
WELL I HOPE YOU ARE HAVING A VERY NICE TIME YOU LITTLE SHIT
THEY LOCKED US OUT OF OUR HOUSE WE CAN’T GET IN

CHORUS 2:
FOOLISH CHILD, I’M FEELING LIKE A FOOLISH CHILD
WHERE HAVE YOU GONE, OH THE PAPER MAN WON’T LEAVE US…
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Investor Sentiment: Tough To Be Bearish

Courtesy of thetechnicaltake

 

It is tough to be bearish for the following reasons: 1) the overwhelming consensus opinion of investors, bloggers, and newsletter writers is bullish now and into 2011; 2) the perception amongst investors is that the Federal Reserve has back stopped the market; 3) there is a persistence to the tape as it marches higher on both good and bad news; and 4) it is the holiday season where thinly traded markets can be easily manipulated higher.  Yes, it is tough being bearish when everyone and everything you read is bullish, and the equity market can only go one way — up.  Yet, here I write that I am bearish.  Why?

 

{click on images for larger charts}

 

Investor Sentiment 12.20.10





It’s Never Too Early to Predict the Future!

Courtesy of ilene

For more reading, check out this week’s Stock World Weekly

Weekend Reading: It’s Never Too Early to Predict the Future!

By Phil at Phil’s Stock World

Barron’s already has the 2011 Outlook on the Cover.  

outlook timelin

We were discussing the generally bullish mood in Member Chat and Barfinger said “So, Phil, what is your response to the bullish preview?”   That was a great question because it made me think.  Does he expect a “rebuttal“?  I can understand that as I’ve been fairly bearish but let’s not confuse caution (I called for a cash out when the Dow hit 11,200 in early November, it peaked at 11,444 on the 5th and closed Friday at 11,491) with bearishness – it’s just that my now 45 days of running around saying “the sky is falling” while it stays in place does make me seem like a perma-bear.  

The “October Overbought Eight” was my first bearish portfolio since April 28th’s “Hedging for Disaster – 5 Plays that Make 500% if the Market Falls” (and it did, and they did).  THAT was a bearish outlook!  We are not that bearish here, otherwise it would have been the easiest thing in the World to re-up those plays for the new year.  We expect a correction, but hopefully not the kind we had between May 4th and July 2nd, where the Dow dropped 1,600 points in just over 2 months.  We are HOPING for a nice 20% pullback off the 15% gain from 9,800 to 11,270 back to the 11,000 line and holding that would make us very bullish going into next year.  

That would be 1,180 on the S&P (the declining 200 dma) and just 5% down from Friday’s close – THAT’s how bearish I am!  Where we are now is simply where the 5% Rule told us we’d be back on May 5th, where the chart pointed out that 1,240 is 20% off the upper, non-spike consolidation at 1,550 that marked the high for the S&P.  20% is the most powerful level in the 5% Rule and that’s why it’s been safer to wait and see how this line resolves than place long-term bets in either direction into the slow and volatile holidays.

Obviously, I am fairly convinced that Global “leaders” are making all sorts of policy


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JPM Fraudclosure Whistleblower Emerges

Courtesy of Tyler Durden

The one main thing missing from the recent escalation in charges against the major banks in regard to the fraudclosure scandal has been an internal whistleblower who can corroborate that all the charges against the various illicit mortgage practices. After all, it is one thing to lay allegations, and totally different for a court of law to find that these are validated. So far it is precisely the latter that has been missing as no court is willing to escalate an issue that could potentially unwind decades of mortgage securitization. Yet all that may be about to change. Daily Finance’s Abigail Field presents the case of one Linda Almonte, a former employee of JPM, who is not only suing the bank for wrongful termination, but has now also filed a whistleblower complaint with the SEC. Filed says: “The core allegations add context to her lawsuit, and they charge Chase with grotesque and illegal practices involving its credit card debt processes, including robo-signing.” Sure enough, JP Morgan is denying everything. Yet a close look at the details presented by Almonte indicates that either she is blatantly lying, or JPM may be in water just as hot as Bank of America.

Per the formerly confidential statement, Almonte’s 5 main allegations regarding JP Morgan are as follows:

1. Chase Bank sold to third party debt buyers hundreds of millions of dollars worth of credit card accounts. . .when in fact Chase Bank executives knew that many of those accounts had incorrect and overstated balances.

3. Chase Bank executives routinely destroyed information and communications from consumers rather than incorporate that information into the consumer’s credit card file, including bankruptcy notices, powers of attorney, notice of cancellation of auto-pay, proof of payments and letters from debt settlement companies.

4. Chase Bank executives mass-executed thousands of affidavits in support of Chase Banks collection efforts and those Chase Bank executives did not have personal knowledge of the facts set forth in the affidavits.

5. When senior Chase Bank executives were made aware of these systemic problems, senior Chase Bank executives — rather than remedy the problems — immediately fired the whistleblower and attempted to cover up these problems.

Almonte’s lawyer, George Pressly operates the


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Yeonpyeong Island Residents Ordered To Move Into Air Raid Bunkers As North Korea Places Rocket Launchers Along Western Coast

Courtesy of Tyler Durden

The din out of North Korea was a little too quiet recently. Not so much anymore. Yonhap has just reported that the residents of the infamous Yeonpyeong island, which was recently shelled by North Korea in response to a South Korea drill, and other bordering islands. have been ordered to move into air raid bunkers. This is a very rapid escalation following the earlier announcement by The Chosunilbo that North Korea has deployed rocket launchers along its west coast, in response to a live fire artillery drill which South Korea announced earlier would proceed as planned. “The North also reportedly made coastal artillery ready to fire and put some fighter jets on the west coast on standby.”

From Chosunilbo:

North Korea has deployed multiple rocket launchers along the shore north of Yeonpyeong, Baeknyeong and Gangwha islands in response to a planned South Korean artillery drill on Yeonpyeong, government sources here say. The North earlier threatened an “unpredicted self-defense counterattack” to the drills.

A South Korean government source said, “After making the threat in a message sent Friday, North Korea raised the alert level at artillery divisions on the west coast and deployed the multiple rocket launchers.” The source added the South Korean military is monitoring the situation.

And just to make sure that the world is fully aware which axis is now calling the geopolitical shots, Russia’s UN envoy Churkin told South Korea it would be “better” it the country did not hold its military exercises (which had previously received America’s blessing) at this time. 

 

Elsewhere, the USAF 36th Wing,which includes B-52a and B-2s, is being put on speical alert in case things get really out of hand:

All active personnel serving with the Air Force Global Strike Command have been issued a special alert on Dec 18. Air Force Global Strike Command is responsible for deploying Long Range Strategic Bombers including B-52 and B-2 bombers. There are believed to be 30 B-52 and 11 B-2 bombers stationed at Anderson Air Force base on the Island of Guam. The USAF 36th Wing would be used as the main bomber force in advent of a war on the Korean Peninsula. The Amateur radio operator affiliation known as Sky Watchers has


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Riots Erupt In Bangladesh After Stock Market Plunges 6.7%

Courtesy of Tyler Durden

For what may be the best look at the future of the world’s most recent Banana republic entrant (the U.S.S. of A. for the confused) has to look forward to, we need to merely shift our attention at another one, which has had the privilege of experimenting with its Banana status for far longer: Bangladesh. After the stock market plunged on Sunday by 552 points or 6.72%, hundreds of angry investors took to the streets, “threw bricks at police, marched in the streets shouting slogans, and staged a sit-down protest.” These very same “investors” which have and always will be better known as momo investors, which chase returns only to end up with the live grenades, “chanted slogans against the government and the regulators, and marched through the busy roads in the Motijheel Commercial area, halting traffic. They also staged a sit-in at the SEC building.” The reason for the recent mass hysteria in chasing stocks: pretty much the same as what the Fed is trying to do right here in the US: “The rising value of the stocks in recent years has attracted hundreds of thousands of small-scale or retail investors in Bangladesh, says the BBC’s Anbarasan Ethirajan in Dhaka. It became a popular investment for ordinary people, often providing higher returns than bank deposits and savings.” Well, with the USA today posting an article with the following title on its cover page: “Experts agree: Get over your fear and get back into stocks “, and more incredulously, when one of these so-called experts is none other than David Bianco, the same utterly irresponsible creature who in October 2008 cut his 12 month S&P forecast from 1650 to 1500, well there is nothing much left to say: Bernanke has succeeded in converting America into a third-world subcontinent country.

From BBC:

The index ended the day down by 552 points or 6.72%. It has been on a rollercoaster ride in recent weeks, hitting a record high on 5 December, having climbed 80% since the start of the year.

But on 8 December it nosedived, prompting protests in Dhaka and towns elsewhere.

On Sunday, at least 500 investors hurled bricks at law enforcement officers near the Dhaka Stock Exchange and the Securities and Exchange Commission (SEC) offices, said local police chief Tofazzal Hossain


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DATA POINTS IN THE FLOW OF HISTORY

Courtesy of The Pragmatic Capitalist 

By Annaly Capital Management

The news flow of the last several weeks has centered around several very big issues: American structural budget deficits and the new tax agreement being hammered out in Washington DC, the bailout of Ireland and the precedent it may set for other European countries, fiat money vs. hard money, sovereign ratings downgrades, the growth and inflation policy objectives in China, bank capital adequacy from stress tests to Basel III and central bank responses to economic weakness. Flow is the operative word here, as with issues like these there really is never a culminating event. The statement put out today by the European Union on a new currency stability mechanism, is no different. The key section: “The Member States whose currency is the euro may establish a stability mechanism to be activated if indispensable to safeguard the stability of the euro as a whole. The granting of any required financial assistance under the mechanism will be made subject to strict conditionality.” This statement might seem like the culmination of a debate, but it can also be viewed as a part of the historical imperative of European Union, its manifest destiny if you will.

We have long believed that unless and until the “member states whose currency is the euro” started moving towards a stronger socio-economic connection it would become more and more difficult to hold the euro together. The closest analogue we can think of is “the member states whose currency is the dollar.” Does not the US have significant economic disparity between weak states and strong states? Does not the US have significant cultural differences between north and south, east and west? And do not the member states of the American union have a shared interest in safeguarding the stability of the dollar despite our economic and cultural differences?

Whether or not we are witnessing the end of the debate in Europe or simply another milestone on the way to The United States of Europe is a question for a dissertation, not a blog. In the meantime, these questions lead us to consider the current global monetary standing of “the member states whose currency is the dollar.” Below is the shrinking market share of the US Dollar as the world’s reserve currency since 1999…and the growth of the euro.

Below is the United States’ shrinking market share of global…
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The Next Stop In Obama’s Political Suicide Tour: Announcing Social Security Cuts During State Of The Union Address

Courtesy of Tyler Durden

Obama’s latest quid-pro-quo with the republican party over a doubling down on fiscal stimulus in the form of mutual back scratching, funding by yet another trillion in debt, may have well be the start of his toxic spiral to the the bottom of political insignificance. According to Politico, "The tax deal negotiated by President Barack Obama and Senate Republican leader Mitch McConnell of Kentucky is just the first part of a multistage drama that is likely to further divide and weaken Democrats." Next up on the path of what many see as the terminal alienation of the president from his liberal constituency, will occur during the next State of the Union Address, when the teleprompter in chief is expected to announce cuts in Social Security, according to Politico which quotes "well-placed sources." Why will the president pretend to espouse even an ounce of fiscal prudence? Because, around that time the discussion over the US debt ceiling will be in full heat: we expect total US debt to be about $14.1 trillion by the end of January: just a $200 billion buffer from the debt ceiling breach. Therefore, as Robert Kuttner of politico speculates: "The idea is to pre-empt an even more draconian set of budget cuts likely to be proposed by the incoming House Budget Committee chairman, Rep. Paul Ryan (R-Wis.), as a condition of extending the debt ceiling. This is expected to hit in April." And as Kuttner once again phrases it best: "How to put this politely? For a Democratic president, this approach is bad economics and worse politics."

More from Politico:

For starters, cutting Social Security as part of a deficit reduction deal is needless — since Social Security is in surplus for the next 27 years. The move also gives away the single most potent distinction between Democrats and Republicans — Democrats defend your Social Security, and Republicans keep trying to undermine it.

If you think the Democratic base feels betrayed by Obama’s tax-cut deal, just imagine the mayhem when Obama proposes to cut the Democrats’ signature program.

Sen. Al Franken (D-Minn.) compared Obama’s tax deal to punting on first down. A pre-emptive cut in Social Security is forfeiting the game before kickoff.

Obama is already in trouble with older voters. Republicans have succeeded in convincing seniors that the health care reform bill diverted money from


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A Look At The Upcoming Calendar As The Sleepiest Week Of The Year Arrives

Courtesy of Tyler Durden

The upcoming week will be largely one where absolutely nothing happens. Anemic volumes will continue to be anemic, outflows will continue, and nobody will care about news flow or technicals. That said, here is Goldman’s analysis of the few items that actually may matter globally in the upcoming 7 days.

What Matters in FX Next Week: Getting Ready for the Holidays

On the policy front, the US Senate voted for the bipartisan fiscal package late in the week and the European summit established a stabilization mechanism (ESM) for crises past 2013 to replace the temporary EFSF. An unexpected and positive development was the agreement for the ECB to raise its capital in order to reign in potential challenges from volatility in its asset (or collateral) portfolio. Finally, on the data front we had a positive surprises from the Philly Fed survey and the IFO posted new record highs with future expectations trending strongly to the upside and confidence in the German retail sector hovering at levels not seen since the early nineties.

In terms of our views, as we have forewarned, we have revised our US growth forecasts on the back of the US fiscal package. We now expect real GDP to rise by 3.4% in 2011 and 3.8% in 2012 (up from 2.7% and 3.6% respectively). It is hard to gauge where consensus exactly lies in terms of actual numbers as the latest surveys are slightly outdated by now. But we were above consensus in our initial forecasts in early December and it is likely that we remain so. In FX space we have already argued, stronger US growth is reducing a bit of the USD downside potential and we have revised our EUR/$ forecasts in early December to 1.50 in 12 mths time (from 1.55 initially). However, the expected widening balance of payments deficit continues to justify a bearish Dollar path and after the latest forecast round perhaps even so against economies with large exposure to the US like Canada or Mexico.

The week ahead will be a quiet one as the market gears down for the holidays. The most important release systemically will be the Durable Goods Orders on Thursday; we expect a small decline of 1%mom. We will also get the third estimate of US GDP on Wednesday. Also interesting to watch will be the MPC meetings in CEE3…
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Sean Corrigan On Six Sigma Events In The Bond Curve, “Inexorably Rising Risk”, And Other Observations

Courtesy of Tyler Durden

Diapason Securities’ Sean Corrigan is rapidly emerging as one of our favorite macro commentators. With his dose of weekly skepticism, he has quickly assumed the position vacated by Goldman Sachs’ Jan Hatzius when it comes to the 3Ms: market, monetary and macroeconomic commentary (courtesy of the now well-known and very infamous flipping by the German strategist on his outlook on the economy). In his latest outlook piece, Corrigan dissects recent moves in the bond market, noticing a 6 sigma, three-decade statistical aberration when it comes to the 2s5s30s butterfly, and continuing through the implications of increasing bond vol on other risk assets (a topic which we believe will receive much more focus in the coming weeks and months), on fund flows (his views on the implications of the December Z.1 statement are worth the price of admission alone), on the cooling off of the European “economic miracle”, and lastly, on what China’s refusal to attempt a soft landing means for global risk. His conclusion is as always absolutely spot on: “in short, that risk assets can continue to rise, pro tem, it also means that RISK itself will be climbing inexorably up the scale and on into the danger zone.”

From Sean Corrigan’s December 17 edition of Money, Macro and Markets

As the increase in the total of US Federal debt outstanding since the LEH-AIG collapse reached the $4 trillion mark, another week began and another sell-off took place in the bond market, with 2004 Euro$ now a cool 140bps off their early November highs in one of those classic, up by the stairs, down by the escalator moves to unwind the previous four months’, Fed—inspired rally.

Only a little less dramatic has been the thumping taken by the belly of the curve where — for example — the 2×5-30 butterfly has jumped 120+bps in just five weeks, a sizzling six-sigma move in a three-decade statistical record.

When we note that this was preceded by a 3½ sigma, 28-year outperformance of the middle versus the wings, taking it then to a series record low — and that half the rejection move occurred just during the past week – we can perhaps grasp some measure of the dislocation being suffered (as well as give vent to our usual despair at the idea that modern financial markets somehow exist to assist in the rational allocation…
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Phil's Favorites

Congress is considering privacy legislation - be afraid

 

Congress is considering privacy legislation – be afraid

Courtesy of Jeff Sovern, St. John's University

Supreme Court Justice Louis Brandeis called privacy the “right to be let alone.” Perhaps Congress should give states trying to protect consumer data the same right.

For years, a gridlocked Congress ignored privacy, apart from occasionally scolding companies such as Equifax and Marriott after their major data breaches. In its absence, ...



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Zero Hedge

Key Events This Week: Trade War, EU Elections, Durables, PMIs And Fed Minutes

Courtesy of ZeroHedge

Looking at this week's key events, Deutsche Bank's Craig Nicol writes that while the unpredictable nature of US-China trade developments will likely continue to be the main focus for markets again next week, we also have the European Parliament elections circus to look forward to as well as various survey reports including the flash May PMIs which may offer some insight into the impact of trade escalation on economic data. The FOMC and ECB meeting minutes are also due, along with a heavy calendar of Fed officials speaking.

The European Parliament elections will kick off next Thursday with voting continuing into the weekend across the continent, with results expected on Sunday. With the elections surrounded by internal and external challenges for the EU, members di...



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Kimble Charting Solutions

Will S&P 500 Double Top Derail The Rally?

Courtesy of Chris Kimble.

The rally off the December stock market lows has been strong, to say the least. The S&P 500 rallied 25 percent before hitting and testing the 2018 high.

The old highs proved to be formidable resistance and ushered in some volatility in May… and a 5 percent pullback.

In today’s 2-pack, we look at that resistance level – could that be a double top? We can see similar patterns develop on the S&P 500 Index and its Equal Weight counterpart.

Both indexes are testing short-term Fibonacci retracement levels of the recent decline at point (2).

What takes place here after potential double top highs will be important. Stay tuned...



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Insider Scoop

60 Biggest Movers From Friday

Courtesy of Benzinga.

Gainers
  • Fastly, Inc. (NYSE: FSLY) shares jumped 50 percent to close at $23.99 on Friday. Fastly priced its 11.25 million share IPO at $16 per share.
  • Outlook Therapeutics, Inc. (NASDAQ: OTLK) shares climbed 37.3 percent to close at $2.10 on Friday after the stock rose over 68 percent Thursday following an Oppenheimer initiation at Outperform with a price target of $12.
  • Cray Inc. (NASDAQ: CRAY) shares rose 22.5 percent to close at $36.52 after Hewlett Packard Enterpri...


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Chart School

Weekly Market Recap May 18, 2019

Courtesy of Blain.

China – U.S. trade talk continued to dominate the week.   A heavy selloff Monday was followed by 3 up days, with Friday moderately down.

On Monday, Chinese officials announced retaliatory tariffs against the U.S., hitting $60 billion in annual exports to China with new or expanded duties that could reach 25%.

Then on Wednesday:

The Trump administration plans to delay a decision on instituting new tariffs on car and auto part imports for up to six months, according to media reports.

...

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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control

 

Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...



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Biotech

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

Reminder: We are available to chat with Members, comments are found below each post.

 

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University

...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 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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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

...

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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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About Ilene:

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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