Archive for 2013

Comment by flipspiceland

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  1. flipspiceland
    September 27th, 2011 at 2:24 pm
    I see DEBT, people.







Comment by spiyer

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  1. spiyer
    September 1st, 2011 at 10:59 am
    Is good to load up on tza







Thousands Of Companies Around The World Are Revealing The Truth About The Global Economy

LIVE: Thousands Of Companies Around The World Are Revealing The Truth About The Global Economy

Courtesy of Sam Ro, Business Insider 

HEADS UP: The world's biggest economies are publishing their May manufacturing PMI reports. This is our scorecard.

On Friday, we learned that the official reading unexpectedly climbed to 50.8 in May

However, China's unofficial HSBC PMI fell to 49.6 from 50.4 a month ago.

PMI

At the beginning of each month, Markit, HSBC, RBC, JP Morgan, and several other major data gathering institutions publish the latest local readings of the manufacturing purchasing managers index (PMI) for countries around the world.

PMI is one of the best leading indicators of the economy. 

Each reading is based on surveys of hundreds of companies. Read more about it at Markit.

These are not the most closely followed data points. However, the power of the insights is unparalleled. Jim O'Neill, the former Goldman Sachs economist, believes the PMI numbers are among the most reliable economic indicators in the worldBlackRock's Russ Koesterich thinks it's one of the most underrated indicators.

——————————————————————————————————————————-

Click here to refresh this page for the latest updates to our scorecard >

May 31 (All Times ET)

June 2, 3

  • 7:30 p.m. Australia: AiG Manufacturing PMI —43.8, up from 36.7
  • 8 p.m. South Korea: HSBC Manufacturing PMI — 51.1, down from 52.6
  • 9:45 p.m. China: HSBC Manufacturing PMI — 49.6, down from 50.4
  • 10 p.m. Taiwan: HSBC Manufacturing PMI —47.1, down from 50.7
  • 10 p.m. Vietnam: HSBC Manufacturing PMI — 48.8, down from 51.0
  • 11 p.m. Indonesia: HSBC Manufacturing PMI — 51.7
  • 1 a.m. India: HSBC Manufacturing PMI — 51.0
  • 1 a.m. Russia: HSBC Manufacturing PMI — 50.6
  • 2 a.m. Ireland: NCB Manufacturing PMI — 48.0
  • 3 a.m. Turkey: HSBC Manufacturing PMI — 51.3
  • 3 a.m. Poland: HSBC Manufacturing PMI — 46.9
  • 3 a.m. Netherlands: NEVI Manufacturing PMI — 48.2
  • 3:15 a.m. Spain: Markit Manufacturing PMI — 44.7
  • 3:45 a.m. Italy: Markit/ADACI Manufacturing PMI — 45.5
  • 3:50 a.m. France: Markit Manufacturing PMI — 44.4
  • 3:55 a.m. Germany: Markit/BME Manufacturing PMI — 48.1
  • 4 a.m. Greece: Markit Manufacturing PMI — 45.0
  • 4 a.m. Eurozone: Markit Manufacturing PMI — 46.7
  • 4:30 a.m. U.K.: Markit / CIPS Manufacturing PMI— 49.8
  • 9 a.m. U.S.: Markit Manufacturing PMI — 52.1
  • 9 a.m. Brazil: HSBC Manufacturing PMI — 50.8
  • 9:30 a.m. Canada: RBC Manufacturing PMI — 50.1
  • 10 a.m. U.S.: ISM Manufacturing — 50.7
  • 10:30 a.m. Mexico: HSBC Manufacturing PMI — 51.7
  • 11 a.m. Global: JPMorgan Manufacturing PMI — 50.5

Click here to refresh this page for the latest updates to our scorecard >

Picture credit: REUTERS/NASA





Comment by OptionSage

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  1. OptionSage
    July 24th, 2008 at 11:39 am
    tlsvet, there’s a good story I saw Seth Klarman of Baupost quote recently about the best way to ride a horse is get up and there and practice rather than read a book about how to do it.  It does take time for us all but it’s definitely worth when you stick with it.  Persistence is the key!







Comment by tlsvet

View Single Comment

  1. tlsvet
    July 23rd, 2008 at 12:08 pm
    Nicely put, this virus.

    I like to think that I have learned my lessons, at least partially. I’m still pretty new to options trading (less than a year) and trading in general (a bit more than a year), so I console myself, that I had to pay some tuition to the market for my losses :)

    The me from 6 months ago would have jumped in with both feet, regardless of other conditions. But not this time… I admit I’m bit sorry that right now I don’t have more time for trading (week of meeting followed by business trip week, which is followed by another week of meetings (this one), followed by vacation week, followed by another business trip week is far from ideal for following the market), but I’m resisting the temptation. If the really turns up, there will be months to trade it (it seems obvious, but before I made my losses I was in constant "fear" of losing opportunities).

    I guess, that was yet another confirmation (for me) that no amount of reading and simulated trading can replace the real experience…







Obamacare To Double Cost Of Insurance For Average Californian

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. But, as Forbes reports, the data that the executive director of California's 'exchange' released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent. The exuberance that Peter Lee exclaimed over the 'savings' is a misleading comparison. He was comparing apples – the plans that Californians buy today for themselves in a robust individual market-and oranges – the highly regulated plans that small employers purchase for their workers as a group. If you're a 25 year old male non-smoker, buying insurance for yourself, the cheapest plan on Obamacare’s exchanges is the catastrophic plan, which costs an average of $184 a month; but in 2013, on eHealthInsurance.com, Forbes explains, the median cost of the five cheapest plans was only $92. In other words, for the typical 25-year-old male non-smoking Californian, Obamacare will drive premiums up by between 100 and 123 percent. The desperate spin of the PR disaster is incredible as talk of a 'rate shock' is now very prescient, "these extraordinary increases are up to 15 times faster than inflation and threaten to make health care unaffordable for hundreds of thousands of Californians."

 

Via Forbes,

Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. “These rates are way below the worst-case gloom-and-doom scenarios we have heard,” boasted Peter Lee, executive director of the California exchange. But the data that Lee released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent.

“The rates submitted to Covered California for the 2014 individual market,” the state said in a press release, “ranged from two percent above to 29 percent below the 2013 average premium for small employer plans in California’s most populous regions.”

That’s the sentence that led to all of the triumphant commentary from the left. “This is a home run for consumers in every region of California,” exulted Peter Lee.

Except that Lee was making a misleading comparison. He was comparing apples—the plans that Californians buy today for themselves in a robust individual market—and oranges—the highly regulated plans


continue reading





SchrodinChina Expanding And Contracting At Same Time

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

The Flash PMI had already ‘warned’ of a contractionary print but the final May HSBC Manufacturing PMI is now the lowest in a year at 49.2. The last two months have seen this measure of the Chinese economy plunge at its fastest rate since March 2011. Of course the ‘official’ data still remains a handsome 50.8 (not contracting at all) but the underlying data of the HSBC/Markit index is just as awful with little in the silver-lining camp to save the day (or night). Employment dropped, new export orders and total orders fell, purchasing activity fell, with only a meager rise in output saving the index from a more precipitous decline. Output prices also plunged (but input prices dropped on the back of cheaper raw materials – particularly base metals) and inventories rose (in a lack of demand manner as opposed to ‘if we build it’ perspective according to HSBC). So, once again, just as in Q1 2012 (before the reality swoon) China is both expanding and contracting…

 





“Markets Under The Spell Of Monetary Easing” Bank Of International Settlements Finds… Same As “Then”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Then….

Ben Bernanke 7/1/2005, CNBC interview:

INTERVIEWER: Tell me, what is the worst-case scenario? We have so many economists coming on our air saying ‘Oh, this is a bubble, and it’s going to burst, and this is going to be a real issue for the economy.’ Some say it could even cause a recession at some point. What is the worst-case scenario if in fact we were to see prices come down substantially across the country?

 

BERNANKE: Well, I guess I don’t buy your premise. It’s a pretty unlikely possibility. We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.

Ben Bernanke 10/20/05 Testimony before the Joint Economic Committee, Congress

House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.

Ben Bernanke  3/28/07 – Testimony before the Joint Economic Committee, Congress

Although the turmoil in the subprime mortgage market has created severe financial problems for many individuals and families, the implications of these developments for the housing market as a whole are less clear…At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.

Ben Bernanke 5/17/07 – Remarks before the Federal Reserve Board of Chicago

…we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. The vast majority of mortgages, including even subprime mortgages, continue to perform well.

Ben Bernanke 1/10/08 – Response to a Question after Speech in Washington, D.C.

The Federal Reserve is not currently forecasting a


continue reading





Japanese Stocks Down Over 2% At Open; Nikkei 16% Off Highs

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Despite a pre-open dump in JPY to try and spark some momentum, things are not going according to Abe’s wealth-creation plan in Japan right now. The Nikkei 225 is down over 300 points (over 16% from its highs a week ago) and the broader-based TOPIX is down over 2.1% from Friday’s close (down 14% from its highs). Topix Bank and Real Estates indices continue to suffer from high-beta-itis (-3%) but the Oil & Gas sector is now being dragged into the mess too (-3.2%). JGBs are rallying only modestly (yields lower by 1-2bps) in light of this decent selloff in stocks. JPY is now at its highs of the day testing 100.4 and JGB implied volatility is on the rise once again. All things considered… not good.

The broader TOPIX index is down over 14% fropm its recent highs led by Banks and Real Estate (and Oil & Gas today)…

 

But the more tech-heavy Nikkei 225 is down over 16% and suffering worse today…

 

Charts: Bloomberg





When They Do The QE Stomp

Courtesy of Lee Adler of the Wall Street Examiner

Originally posted May 22, 2013.

The selloff in Treasuries today reminded me of a great song from my childhood.

I just changed the words a little.

Traders on Wall Street get some quick feet
When they do the QE stomp.
Really somethin when the yields start jumpin
When they do the QE stomp.
Whoa oh!

It started in Congress
With a Bernanke show
But he gave a wrong answer
Then the yields did blow.

They started sellin.
Oh, what a sight to see!

The yields are jumpin and the banks are dumpin
When they do the QE stomp.
Really somethin when the yields start jumpin
When they do the QE stomp.

It gets that panic feel.
You know you know it’s real.
You better sell.
You know it well.

If you decide to wait.
Then it will be too late.
Oh my.
Oh why oh why.
Ohhhh whyyy?

Traders on Wall Street get some quick feet
When they do the QE stomp.
Really somethin when the yields start jumpin
When they do the QE stomp.
Whoa oh!

If you don’t sell it now
You’ll get hit with a pow
And your cash will be all gone
All-l-l-l-l goo-o-ne!

The yields are jumpin and the banks are dumpin
When they do the QE stomp.
Really somethin when the yields start jumpin
When they do the QE stomp.

Whoa whoa

Repeat and fade.

Actually, the banks have been dancing out the back door for the last 10 months.

Bank Holdings of Treasuries and Agencies - Click to enlarge

Bank Holdings of Treasuries and Agencies – Click to enlarge

 

Get regular updates the machinations of the Fed, Treasury, Primary Dealers and foreign central banks in the US market, in the Fed Report in the Professional Edition, Money Liquidity, and Real Estate Package. Click this link to try WSE's Professional Edition risk free for 30 days!

Copyright © 2012 The Wall Street Examiner. All Rights Reserved. The above may be reposted with attribution and a prominent link to the Wall Street Examiner.





 
 
 

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

 

Embed from Getty Images

 

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"

 

 

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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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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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