Archive for 2011

What DSK’s Escape From Harlem NYPD Will Look (And Sound) Like

Courtesy of Tyler Durden

We decided to round off this weekend’s barrage of surrealist news with some comedy. This is what some expect the imminent escape from Harlem NYPD by the IMF head will look and sound like (and there were those who said Raj Raj is a flight risk).





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Strauss-Kahn Court Appearance Delayed Until Monday; DSK “Tired But Fine”

Courtesy of Tyler Durden

Minutes ago the IMF announced that it has postponed its informal crisis meeting which was supposed to take place this evening, following the rapidly changing situation in New York, where it was just announced that DSK’s court arraignment would be delayed until tomorrow, in order for him to undergo a physical examination checking for scratches and other DNA evidence from the accuser.

From the AP:

An arraignment expected Sunday night was postponed until Monday. Strauss-Kahn’s lawyer William Taylor said testing for evidence delayed the arraignment.

“Our client willingly consented to a scientific and forensic examination,” Taylor said. Strauss-Kahn is “tired, but he’s fine.”

The IMF, which plays a key role in efforts to control the European debt crisis, named an acting leader and said it remains “fully functioning and operational” despite Saturday’s arrest of its managing director.

A second lawyer for Strauss-Kahn, Benjamin Brafman, told The Associated Press that his client will plead not guilty. He and another lawyer went in and out of the Harlem police precinct where Strauss-Kahn was being held early Sunday afternoon, and declined to answer reporters’ questions until the arraignment.

“He intends to vigorously defend these charges and he denies any wrongdoing,” Brafman said Sunday night.

And some more from AP:

Dominique Strauss-Kahn’s reputation with women earned him the nickname “the great seducer,” and not even an affair with a subordinate could knock the International Monetary Fund leader off a political path pointed in the direction of the French presidency. All that changed with charges that he sexually assaulted a maid in his hotel room, a case that generated shock and revulsion, especially in his home country.

Police said the maid picked Strauss-Kahn out of a lineup. Unless the charges are quickly dropped, they could destroy his chances in a presidential race that is just starting to heat up.

A member of France’s Socialist party, Strauss-Kahn was widely considered the strongest potential challenger next year to President Nicolas Sarkozy, whose political fortunes have been flagging.

“At the top of the polls,” Strauss-Kahn tweeted proudly in French last December, linking an article that showed him ahead in opinion polls when French voters were asked whom they would choose in a primary. At a soccer game in a Washington suburb last September, he, his


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COLLEGE CONSPIRACY – CALIFORNIA PRISON ACADEMY IS BETTER THAN A HARVARD DEGREE

Courtesy of The Daily Bail

Thank the student loan industry for out-of-control costs at U.S. universities.  As a point of reference, I started my first year at the University of Virginia in September 1984.  Tuition was $7,000 per year for out of state students and $7800 4 years later when I graduated.  I was also accepted at Stanford in 1984 where tuition was $15,000.  In 2011, UVa tuition for out of state students will be approximately $33,000 per year and Stanford $50,000.

What used to cost a nice car now costs a home.  When any smart 18 year-old with a pulse can get $200k in student loans in exchange for her signature, is it any surprise that college tuition rates have skyrocketed.

Meanwhile…

Prison guards can retire at the age of 55 and earn 85% of their final year’s salary for the rest of their lives.  They also continue to receive medical benefits (WSJ).

Roughly 2,000 students have to decide by Sunday whether to accept a spot at Harvard. Here’s some advice: Forget Harvard. If you want to earn big bucks and retire young, you’re better off becoming a California prison guard.

The job might not sound glamorous, but a brochure from the California Department of Corrections and Rehabilitations boasts that it "has been called ‘the greatest entry-level job in California’—and for good reason. Our officers earn a great salary, and a retirement package you just can’t find in private industry. We even pay you to attend our academy." That’s right—instead of paying more than $200,000 to attend Harvard, you could earn $3,050 a month at cadet academy.

It gets better.

Training only takes four months, and upon graduating you can look forward to a job with great health, dental and vision benefits and a starting base salary between $45,288 and $65,364. By comparison, Harvard grads can expect to earn $49,897 fresh out of college and $124,759 after 20 years.

As a California prison guard, you can make six figures in overtime and bonuses alone. While Harvard-educated lawyers and consultants often have to work long hours with little recompense besides Chinese take-out, prison guards receive time-and-a-half whenever they work more than 40 hours a week. One sergeant with a base salary of $81,683 collected $114,334 in overtime and $8,648 in bonuses…
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Third worker dies at Japan’s troubled nuclear plant

TOKYO (Reuters) – A worker at Japan’s tsunami-crippled Fukushima Daiichi nuclear power plant died on Saturday, plant operator Tokyo Electric Power Co said, bringing the death toll at the complex to three since a massive earthquake and tsunami in March.

Despite the prolonged nuclear crisis, Prime Minister Naoto Kan is set to announce at a G8 summit in France that Japan will keep using nuclear power, the Yomiuri newspaper said.

The cause of the worker’s death was unknown. The man, in his 60s, was employed by one of Tokyo Electric’s contractors and started working at the plant on Friday. He was exposed to 0.17 millisieverts of radiation on Saturday, Tokyo Electric said.

The Japanese government’s maximum level of exposure for male workers at the plant is 250 millisieverts for the duration of the effort to bring it under control.

The worker fell ill 50 minutes after starting work at 6:00 a.m. on Saturday (5 p.m. EDT on Friday) and brought to the plant’s medical room unconscious. He was later moved to a nearby hospital and confirmed dead, a Tokyo Electric spokesman said.

More here: Third worker dies at Japan’s troubled nuclear plant – chicagotribune.com.





Keep On Dancing Till The World Ends?

Courtesy of Leo Kolivakis

Via Pension Pulse.

It was a rainy and cold weekend in Montreal so I spent most of it doing the one thing I hate the most, shopping. I bought a new mattress, a new television, some clothes and re-tailored my suits, jackets and pants because the first tailor did a terrible job (losing weight is healthy but expensive).

Tonight, I had dinner at my brother’s house, saw my nephews and sister-in-law and enjoyed some BBQ burgers and hotdogs (once in a while, it’s good to indulge!). My brother’s neighbor was over with his two young girls and we talked shop a little. Montreal’s investment community is small. Turns out he works at Stanton Asset Management, which is the portfolio advisor to O’Leary Funds, private clients and institutional clients.

According to their website, the investment team at Stanton is responsible for over $1 billion of assets under management, invested in Canadian and global markets, including investment grade bonds, high yield bonds, convertible bonds and equities. I know Connor O’Brien, Stanton’s Chief Investment Officer, as he used to run a small fund of funds focusing on delivering high risk-adjusted returns.

My brother’s neighbor told me the O’Leary Funds have performed extremely well with low beta, helping assets grow. It also helps to have Kevin O’Leary, who everyone knows as Canada’s unrepentant dragon, to market the funds. I told him I’d be more than happy to plug Stanton on my blog and have other ideas that I’d like to discuss with Connor and Kevin O’Leary.

Speaking of marketing, before I get to my latest comment, I want to clarify something. Pension Pulse is a blog I created to share my perspective on markets and pensions. I don’t care if you agree or disagree with my views, but take the time to read them carefully. I do not have a monopoly on wisdom but I try to offer a fresh perspective that most analysts do not bring.

I am not a permabull or a permabear. In fact, I was extremely bearish back in 2006 and it ended up costing me my job (they claimed I was too negative). It’s all in the past for me but I recently started asking for donations on my blog and would appreciate your financial support, especially from the large institutions that read me on a daily basis. But there…
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Is A Deluge Of Latent Rape Accusations Against Strauss-Kahn Imminent?

Courtesy of Tyler Durden

A French reader of Zero Hedge steps up and makes the following bold prediction: a “Tiger Woods effect” is now imminent, as many other rape accusations against Dominique  (or will that soon be Demonique?) Strauss-Kahn emerge, since yesterday’s rape episode is most certainly not the first time this has occurred (granted, DSK is innocent until proven guilty). “Until now, hes has been bale to fight back allegations by “fixing” the situation through influence and keeping the French press shut up, or by pressuring the women into not getting into a public battle with him.” Now this status quo is over, and it is very likely that very soon many more will step up from under the cloak of anonymity and tell their story.

Full prediction:

This is not the first time this has happened. But until now, hes has been bale to fight back allegations by “fixing” the situation through influence and keeping the French press shut up, or by pressuring the women into not getting into a public battle with him.

I wanted to point you to this video:

Short summary:

This young journalist was attacked when she interviewed DSK who made her come to a remote apartment with nothing but a TV, VCR, and bed in it.

He then attacked her and she fought back. He tore off her bra and jeans. She used the words “rape” during the fight to scare him away, but he showed no reaction. She was eventually able to flee, but did not bring charges on the advice of an attorney who showed her a pile of similar cases against DSK but that the other women had decided not to go forward. The lawyer advised her that, if she went forward, she would forever be known as the woman who brought down DSK, not as a journalist.

After the incident and after she had been able to flee, DSK sent her a phone text message, saying’ “You fear me, don’t you?”

The TV show was a show where well-known people talk about their most difficult professional moments.

When the TV show initially ran, the moments where Banon mentions Strauss-Kahn’s name were BLEEPED out. The bleeps have now been removed.

If you dig deeper, you will find much, much more, at every step of his career.
You


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Complacency That Makes You Go Hmmm

Courtesy of Tyler Durden

Time for another dose of original observations and compiled content from the pen of Grant Williams and his latest “Things that make you go hmmmm” which this time focuses, appropriately, on the topic of complacency: “It seems to me that if there were a futures contract in complacency, it would certainly not be in need of a CME margin hike due to a completely lopsided supply/demand picture. Yes I’m sure there would be all kinds of whack-jobs talking about a conspiracy to sell complacency short and thus flood the world with unbacked self-satisfaction and unawareness, but the simple truth is, complacency occurs naturally for the most part and is in abundance roughly 95% of the time. Lately, however, a curious phenomenon has taken place. Back in the dying days of the 20th century, Doctor Alan Greenspan discovered a way to manufacture a super-strain of artificial complacency by adding confidence and using the power of words and the setting of interest rates.  Greenspan soldiered on and, when Long Term Capital Management hit the skids in 1998, he set about his grand experiment – introducing manufactured complacency into the financial marketplace. Prior to 1998, the business world had largely existed on a traditional cycle of boom and bust as contraction followed expansion and failing businesses were allowed to meet their inevitable demise. They were heady days indeed. People were wary of the potential pitfalls of bad decision-making and, while complacency was most certainly evident, its supply/demand situation spent many long periods in perfect equilibrium. After Dr. Greenspan’s introduction of artificial complacency, however, things began to change…”

Full report (pdf)

Hmmm May 15 2011

Attachment Size
Hmmm May 15 2011.pdf 1.65 MB




“Act As If” – Greece vs America Edition

Courtesy of Tyler Durden

The most memorable scene from the movie Boiler Room is when the character of Ben Afleck tells the room full of wannabe brokers to “Act As If” (and in the tangent regarding male genitalia, the head of the IMF would have been wise to take the advice instead of opening his fly and disproving it). Who would have thought that a few short years later, it would be none other than insolvent countries taking this advice: specifically, America acting as if it wasn’t insolvent, and Greece acting as if it was beyond saving. The irony, as William Buckler observes in his latest edition of the Privateer, is that while US debt continues to trade (if no longer be accepted) as the “Rock of Gibraltar” and Greek paper is trading with a certainty of bankruptcy, it is Greece that has taken proactive steps in taxing and spending policy, while the US has merely retrenched its profligate ways, and while much political theater takes place, nothing ever really changes. For some of the more perverse consequences of this bizarro world inversion, read below.

“Let’s Pretend” Has Run Amok, from Bill Buckler

In Greece, which has been subject to the not so tender ministrations of the US debt ratings agencies and the global “risk” markets for the past eighteen months, government two-year rates soared above 25 percent this week. The rate for two-year US Treasury paper is hovering just above the 0.50 percent level. Plug these two numbers into the “algorithms” by which computers control  most financial trading these days and the result is obvious. The Greek government will be seen as a financial pariah and treated accordingly. The US government will be seen as the fiscal Rock of Gibraltar. But even the US would pale in comparison to Japan, where two-year rates on government debt are below 0.20 percent.

In terms of funded debt, Japan has by far the biggest government debt to GDP ratio in the world. Greece is ahead of the US in that respect, but not by much. On the “markets”, Greek rates indicate a HUGE perceived risk in holding their paper. US and Japanese rates indicate no risk whatsoever.

Of the three nations in question here, only one has made any discernible change in their taxing and spending policies over recent years. That nation


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Zero Hedge

Will The US Slap Sanctions On Nord Stream 2?

Courtesy of ZeroHedge. View original post here.

Authored by Nick Cunningham via OilPrice.com,

There is a growing push in the U.S. Congress to slap sanctions on the Nord Stream 2 pipeline.

The pipeline under construction would carry Russian natural gas to Germany, and has been a lightning rod of controversy both in Europe and across the Atlantic. Many governments and officials from Eastern Europe fear deeper dependence on Russia for gas supplies, a sentiment echoed by the U.S. government. Meanwhile, many in Western Europe are less concerned,...



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Phil's Favorites

US is already fighting a conflict with Iran - an economic war that is hurting the wrong people

 

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US is already fighting a conflict with Iran – an economic war that is hurting the wrong people

Courtesy of David Cortright, University of Notre Dame

Many are worried about the risk of war with Iran after the Trump administration leaked discussions of a troop deployment in response to claimed threats to U.S. warships in the region.

And in r...



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Insider Scoop

Jefferies Sees 60-Percent Upside In Aphria Shares, Says Buy The Dip

Courtesy of Benzinga.

After a red-hot start to 2019, Canadian cannabis producer Aphria Inc (NYSE: APHA) has run out of steam, tumbling more than 31 percent in the past three months.

Despite the recent weakness, one Wall Street analyst said Friday that the stock has 30-percent upside potential. 

The Analyst

Jefferies analyst ...



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Kimble Charting Solutions

DAX (Germany) About To Send A Bearish Message To The S&P 500?

Courtesy of Chris Kimble.

Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S...



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Chart School

Brexit Joke - Cant be serious all the time

Courtesy of Read the Ticker.

Alistair Williams comedian nails it, thank god for good humour! Prime Minister May the negotiator. Not!


Alistair Williams Comedian youtube

This is a classic! ha!







Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, ...

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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.

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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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