Archive for 2015

Autonomous Golf Green Mowing and the Death of Lawn Maintenance Employment in General

Courtesy of Mish.

If mining operations will soon be autonomous, can golf course maintenance be far behind?

Here’s an image of what to expect.

Please consider the Cub Cadet.

Since its introduction, the RG3 has been operated, demonstrated and tested at over two dozen courses nationwide, mowing more than 45 million square feet of greens in a variety of shapes, sizes, contours and grass types. During that time, the RG3 has been proven to make the golf course maintenance staff at least 50% more productive during the critical course preparation hours, while providing unparalleled consistency across all greens.

In addition to labor efficiencies, the RG3 has been proven to provide greens speed increases consistent with lightweight rolling practices, and the most consistent putting surface possible across all greens by combining rolling and mowing in the same unit and eliminating the influence of an operator.

Using a proprietary positioning technology that trumps GPS, the RG3 moves precisely and safely across the green, traveling in straight lines and along curved perimeters without the need for a human operator. Its gentle turns minimize turf bruising, while a built-in traction control feature reduces drum slipping on steep inclines. With a turn distance that is adjustable each day, turns in the same location can be eliminated.

The RG3’s impact to our putting greens has exceeded my expectations. We are achieving higher clipping yield, more consistent greens speeds and smoother putting surfaces with less manpower,” says John Shaw, CGCS, Valley Brook CC.

Death of Lawn Maintenance Employment

Expect golf course mowing positions to vanish within a few years. Many yard work service positions will vanish as well.

Zero-degree mowers are in widespread use. It will not take much to equip them with self-mowing capability.

So instead of a homeowner farming out mowing (or mowing himself), envision a system where the homeowner maps the perimeters of the lawn and the perimeters of any flower beds that need to be avoided, and the mower does the rest.

Rather than pay someone to mow the lawn twice a week, a fully autonomous mower would pay for itself in a year or two most likely. And the higher the minimum wage, the faster the payback of purchasing such equipment rather than hiring someone to mow your lawn….



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Leader Of Ukraine’s Neo-Nazis Appointed As Advisor To Army

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With Greece on the verge of either getting kicked out of Europe or suffer through yet another government overhaul, one which many suggest may usher the “last” option for Greece, the ultra nationalist, neo-Nazi Golden Dawn party into governance, some wonder if it is not Europe’s ulterior intention to force a populist shift toward right wing, nationalist parties (perhaps best observed in France where Marine le Pen’s dramatic rise to power has left many dazed and confused) one which will lead to social instability and shortly thereafter, war (because in a world in which every Keynesian voodoo trick to revive the economy has failed, war is the last remaining outcome).

So while we await to see if Europe’s turn to ultra right wing movements accelerates in the coming months, we just learned of a very disturbing development in just as insolvent Ukraine, where moments ago the website of the local Ministry of Defense reported that Dmytro Yarosh, i.e., the person show below…

… leader of Ukraine’s “Right Sector” political party, whose adherents are shown in the photos below…

… and whose political ideology has been described as nationalist, ultranationalist, neofascist, right-wing, or far right, was just appointed as Advisor to Chief of General Staff.

From the Ukraine ministry of defense:

Dmytro Yarosh appointed as Advisor to Chief of General Staff

Dmytro Yarosh, leader of ‘Pravyi Sector’ (Right Sector) political party, appointed as Advisor to Chief of General Staff. Yesterday, Colonel General Viktor Muzhenko, Chief of General Staff, and Dmytro Yarosh agreed the format of cooperation between ‘Pravyi Sector’ and the Ukrainian Armed Forces.

Colonel General Viktor Muzhenko stressed the Ukrainian army had become one of the strongest armies of Europe; the Ukrainian soldiers proved they knew how to fight and appreciated the contribution of volunteer battalions to defense of Ukraine and said: “We understand the needs of changes and increase of efficiency at all the army levels. We also consider various models of formation of the army reserve. We are developing the reforms and will implement them. We gathered all the patriots and defenders of Ukraine under single leadership. The enemy understands our unity and that its attempts end in failure. We have one goal and the united Ukraine. The Army becomes stronger each week”.


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Leader Of Ukraine’s Ultranationalist “Right Sector” Appointed As Army Advisor

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With Greece on the verge of either getting kicked out of Europe or suffer through yet another government overhaul, one which many suggest may usher the “last” option for Greece, the ultra nationalist, neo-Nazi Golden Dawn party into governance, some wonder if it is not Europe’s ulterior intention to force a populist shift toward right wing, nationalist parties (perhaps best observed in France where Marine le Pen’s dramatic rise to power has left many dazed and confused) one which will lead to social instability and shortly thereafter, war (because in a world in which every Keynesian voodoo trick to revive the economy has failed, war is the last remaining outcome).

So while we await to see if Europe’s turn to ultra right wing movements accelerates in the coming months, we just learned of a very disturbing development in just as insolvent Ukraine, where moments ago the website of the local Ministry of Defense reported that Dmytro Yarosh, i.e., the person show below…

… leader of Ukraine’s “Right Sector” political party, whose adherents are shown in the photos below…

… and whose political ideology has been described as nationalist, ultranationalist, neofascist, right-wing, or far right, was just appointed as Advisor to Chief of General Staff.

From the Ukraine ministry of defense:

Dmytro Yarosh appointed as Advisor to Chief of General Staff

Dmytro Yarosh, leader of ‘Pravyi Sector’ (Right Sector) political party, appointed as Advisor to Chief of General Staff. Yesterday, Colonel General Viktor Muzhenko, Chief of General Staff, and Dmytro Yarosh agreed the format of cooperation between ‘Pravyi Sector’ and the Ukrainian Armed Forces.

Colonel General Viktor Muzhenko stressed the Ukrainian army had become one of the strongest armies of Europe; the Ukrainian soldiers proved they knew how to fight and appreciated the contribution of volunteer battalions to defense of Ukraine and said: “We understand the needs of changes and increase of efficiency at all the army levels. We also consider various models of formation of the army reserve. We are developing the reforms and will implement them. We gathered all the patriots and defenders of Ukraine under single leadership. The enemy understands our unity and that its attempts end in failure. We have one goal and the united Ukraine. The Army becomes stronger each week”.


continue reading





Cypriot President Throws Greeks Under The Bus: “Planning To Deal With Grexit”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

“I want to believe that there is no such risk,” says Cypriot President Nikos Anastasiades, but in a shock to the Greeks, their close ‘ally’ in Cyprus, as KeepTalking Greece notes, openly joined the international Grexit propaganda club, as Anastasiades said his country had a backup plan to deal with the fallout of a possible Greek exit from the eurozone.

As ekathimerini reports,  Cyprus President Nikos Anastasiades told a media conference in Nicosia on Friday that Nicosia has a backup plan to deal with the fallout of a possible Greek exit from the eurozone.

“I want to believe that there is no such risk,” Anastasiades said in response to a reporter’s question. But to be on the safe side, Nicosia has “prepared a plan to deal with whichever outcome may transpire,” Anastasiades said, citing a Cypriot saying according to which “forward-looking children cook before they get hungry.”

Anastasiades added that there was no “great” risk to the Cypriot economy in such a case and that measures had been drawn up to tackle “the minimal risk… and reduce it further.”

Also on Friday, Anasastasides announced that Cyprus will next week lift the last of the capital controls that were imposed two years ago as part of a 10-billion euro European bailout.

*  *  *

It seems a fair bet to ‘plan’ on grexit given the record credit spreads…

But seeing their close partner Cyprus join ‘the other side’ leaves Greece with very few ‘friends’ in the Union… (though a couple of big ones ex-union)





Mid-Day Update

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

Click here for the full report.

To learn more, sign up for David’s free newsletter and receive the free report from All About Trends – “How To Outperform 90% Of Wall Street With Just $500 A Week.” Tell David PSW sent you. – Ilene





Many Big Guns Still Betting On Oil Comeback In 2015

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by Henry Trinh via OilPrice.com,

Surprisingly, the flow of crude oil is still accelerating, much like the money going into crude oil funds. Three of the largest crude oil funds include USO, OIL, and UCO. UCO is unique due to the fact that it’s an exchange-traded fund that uses leverage, mostly in the form of derivatives, to correspond to twice (200%) the daily performance of its underlying benchmark, the Bloomberg WTI Crude Oil Sub-index. Since the fund corresponds to 2X the daily performance rather than total performance of its underlying index, mainly day traders, hedge funds, and speculators predicting an oil rebound would invest in such a risky investment. Considering that UCO has a total return of -81.29% since June 2014, the rewards are great for those investing in this fund in a crude oil bull market; however as the statistic shows, a leveraged fund could also destroy a portfolio if their predictions are wrong.

With the fears of oil inventories rising to record levels and OPEC refusing to cut its production, the price of crude oil is still facing global downward pressure. Bearing in mind these factors, there seems to be no clear sign of a bull market for crude oil in sight. Nonetheless, not everyone agrees with what the market is doing. Many large financial institutions have large stakes in UCO and thus are still betting that crude oil can make a comeback beginning in 2015.

Let’s examine the top ten firms with the greatest stake in UCO, based on information from each firm’s 2014 4th quarter 13Fs.

GreatestStakesInUCO

The amount of money that these bulge bracket hedge funds and asset management firms are pumping into the crude oil market, more specifically UCO, is astounding. The risks of investing in a leveraged-ETF cannot be stressed enough. Losing 81% of a client’s portfolio would damage a firm’s reputation beyond repair. Even so, many firms are still choosing to invest hundreds of thousands and in Goldman Sachs’s case, millions in UCO overlooking the fact that the ETF tends to move between 5- 20% on a daily basis these days.

Analysts’ 2015 predictions for crude oil have ranged from $30 to an average of about $60 per barrel of WTI crude oil. With the current price of $49 and…
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China’s ‘Warren Buffett’ Denies Rigging His Own Stocks

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With 30% of the ‘money’ in Chinese stocks officially ‘dumb money’ and leverage of epic proportions, it is hardly surprising that the wealthiest of wealthy are – allegedly – taking advantage. As the broad Chinese stock market has surged, Hanergy Holding Group – the world’s largest solar power company – has seen its stock price triple in a few months with late-day surges driving a lot of the gains. Amid accusations from the industry, Hanergy’s chairman, Li Hejun – among China’s wealthiest – has denied manipulation of its stock price, suggesting the public’s recognition of the thin-film power generation’s prospect is the reason… sure…

Normal…

Normal-er

As Xinhua reports,

Li Hejun, chairman of the Hanergy Holding Group Ltd., the world’s largest solar power company in market value, denied manipulation of its stock price that tripled within four months on the Hong Kong Stock Exchange when speaking to Xinhua on Thursday.

Since the end of November, the stock price of the Hanergy Thin Film Power Group, the listed arm of Hanergy Holding Group Ltd, nearly tripled within four months and its market value reached about 300 billion Hong Kong dollars (38.7 billion U.S. dollars), making Li the richest man in China.

The drastic surge in its share price has been questioned by some institutions.

“The last-10-minute surges were only reported in ten out of the more than 200 trading days in the past year,” said Li.

“Controlling shareholders’ intentional manipulation of the stock prices did not exist,” said Li.

Li said transactions between the Hanergy Thin Film Power Group and its parent company were all approved by the Hong Kong Stock Exchange.

Li said the public’s recognition of the thin-film power generation’s prospect contributed to the high market value of the Hanergy Thin Film Power Group.

*  *  *

It’s only manipulation if it’s not the oligarchs doing it…





Saudi Arabia’s Kingdom Tower – The Pointless Hubris Of A Decadent Tyranny

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by James H. Kunstler, via Contra Corner blog,

 

Behold the proposed new Kingdom Tower for Jeddah, Saudi Arabia — at one full kilometer in height, about twice the size of New York’s new Freedom Tower.

Kingdom-Tower 1

The  Kingdom Tower comprises 252 floors of mixed market apartments, hotel rooms, and offices. It is an axiom that imperial societies build their greatest monuments just before they collapse, so consider this a portent for the oil empire of Saudi Arabia. There will always be an Arabia — well something will occupy that desolate region — but it may not be the private domain of the Saud clan much longer, especially as war breaks out across the Middle East and Persia.

kingdom-tower2

This will give you some idea of the scale. A year ago I went on on a junket to Dubai (a panel to discuss the development of a proposed a new urban quarter). The opening night cocktail party was held at the top of the Burj Khalifa. I took a cab to the base of the damn thing, looked up at the top, and almost blew chunks. Well, I guess some people enjoy being trapped 2500 feet up in the air.

Kingdom-Tower-Target

Considering the hostilities currently ramping up in that part of the world, I have just one design suggestion to make (below) that might make explicit the true destiny of the Kingdom Tower. After all, that is a technique pioneered by Saudis.





Richard Wyckoff Stock Position Sheet – PART 1

Courtesy of Read the Ticker.

richard-wyckoff-stock-position-sheet--part-1Richard Wyckoff used this tool for over 20 years, of course as readtheticker.com is a fan website of Richard Wyckoff here is our reproduction of his work.

More from RTT Tv

Notes from the tool guide:

2) PnF Wave Swing Scanner is useful for the Richard Wyckoff Position Sheet work.

3) Please review the Swing pop out chart Daily PnF chart to review 3,2,1s. The data in the PnF Wave scanner is based on this PnF chart.

4) PnF numbers are: 3 is AveBarChg x2, under 20 days, 2 is AveBarChg x1.5, under 20 days, 1 is AveBarChg x1.5, over 20 days.

5) AveBarChg: Is the average change in price by percentage of each PnF bar or wave for all bars on the chart (see note 3 above).

6) Blue is positive, red is negative change. The 3s are fast moving periods and can be climatic, 1s are slower.

7) PnF Last is the last bar that occured. When PnF Last and PnF Sum are shaded this means the last 21 bars are all blue or red, no conflict.

8) PnF Sum is the summation of the last 21 bars as shown by the PnF Wave History (see note 3 above).

9) PnF Wave History shows the last 21 PnF bars or waves (see note 3 above). Horizontal study works, vertical does not as time is not in sync.

10) Step Btw 20 shows the percentage of closes within the RTT Steps Band (29,0.1,32,4) over 20 days.

11) Step Btw 130 shows the percentage of closes within the RTT Steps Band (29,0.1,32,4) over 130 days.

12) Step Btw 200 shows the percentage of closes within the RTT Steps Band (29,0.1,32,4) over 200 days.

13) Step Btw 300 shows the percentage of closes within the RTT Steps Band (29,0.1,32,4) over…
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Richard Wyckoff Stock Position Sheet

Courtesy of Read the Ticker.

richard-wyckoff-stock-position-sheetRichard Wyckoff used this tool for over 20 years, of course as readtheticker.com is a fan website of Richard Wyckoff here is our reproduction of his work.

More from RTT Tv

Notes from the tool guide:

2) PnF Wave Swing Scanner is useful for the Richard Wyckoff Position Sheet work.

3) Please review the Swing pop out chart Daily PnF chart to review 3,2,1s. The data in the PnF Wave scanner is based on this PnF chart.

4) PnF numbers are: 3 is AveBarChg x2, under 20 days, 2 is AveBarChg x1.5, under 20 days, 1 is AveBarChg x1.5, over 20 days.

5) AveBarChg: Is the average change in price by percentage of each PnF bar or wave for all bars on the chart (see note 3 above).

6) Blue is positive, red is negative change. The 3s are fast moving periods and can be climatic, 1s are slower.

7) PnF Last is the last bar that occured. When PnF Last and PnF Sum are shaded this means the last 21 bars are all blue or red, no conflict.

8) PnF Sum is the summation of the last 21 bars as shown by the PnF Wave History (see note 3 above).

9) PnF Wave History shows the last 21 PnF bars or waves (see note 3 above). Horizontal study works, vertical does not as time is not in sync.

10) Step Btw 20 shows the percentage of closes within the RTT Steps Band (29,0.1,32,4) over 20 days.

11) Step Btw 130 shows the percentage of closes within the RTT Steps Band (29,0.1,32,4) over 130 days.

12) Step Btw 200 shows the percentage of closes within the RTT Steps Band (29,0.1,32,4) over 200 days.

13) Step Btw 300 shows the percentage of closes within the RTT Steps Band (29,0.1,32,4) over 300 days.



NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

..”Every once in a while you must go to cash, take a break, takes a vacation. Do not try to play the market all the time. It cannot be done, too tough on the emotions.”..

Jesse Livermore


..”Until an hour before the Devil fell, God thought him beautiful in Heaven”..

Arthur Miller, “The Crucible”
 [Contrarian Investing]








 
 
 

Phil's Favorites

Decoding the Fed

 

Decoding the Fed

Courtesy of John Mauldin, Thoughts from the Frontline

“In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them.

"There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effe...



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Zero Hedge

The Verdict Is In: "Negative Rates Are A Huge Negative For Savers, Low-Income People, And Investors"

Courtesy of ZeroHedge View original post here.

With the IMF's annual meeting now concluded, few topics discussed during the past week which saw the IMF downgrade its outlook for the global economy to the lowest GDP since the global financial crisis...

... evinced as powerful a response as negative interest rates, and for good reason: long seen as the last "red line" of central banks before they are forced to admit defeat, some $15 trillion in debt now trades w...



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Digital Currencies

Five hurdles blockchain faces to revolutionise banking

 

Five hurdles blockchain faces to revolutionise banking

Shutterstock

Courtesy of Markos Zachariadis, Warwick Business School, University of Warwick

Blockchain is touted as the next step in the digital revolution, a technology that will change every industry from music to wast...



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Chart School

Gold Stocks Review

Courtesy of Read the Ticker

Gold stocks are swinging back forth between the range, and a break out swing higher is due. Gold stocks are holding a near perfect Wyckoff accumulation pattern. All should get ready to play this sector. Yet we must recognize that gold stocks are a one of the most crazy rides at the stock market fair, so play very carefully.

More from RTT Tv







GDX PnF chart from within the video

Click for popup. Clear your browser cache if image is not showing.




Important channels around the HUI.
...

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The Technical Traders

Treasuries Pause Near Resistance Before The Next Rally

Courtesy of Technical Traders

Our research team believes the US Treasuries and the US Dollar will continue to strengthen over the next 2 to 6+ weeks as foreign market and emerging market credit and debt concerns outweigh any concerns originating from the US economy or political theater.  Overall, the major global economies will likely continue to see strength related to their currencies and debt instruments simply because the foreign market and emerging markets are dramatically more fragile than the more mature major global economies.

We believe the US Treasuries may surprise investors by rallying from current levels, near price resistance, to levels above $151 on the TLT chart. 

Our belief ...



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Insider Scoop

48 Biggest Movers From Yesterday

Courtesy of Benzinga

Gainers
  • Hepion Pharmaceuticals, Inc. (NASDAQ: HEPA) shares climbed 43.2% to close at $3.58 on Thursday after the company announced the publication of a research article, "A Pan-Cyclophilin Inhibitor, CRV431, Decreases Fibrosis and Tumor Development in Chronic Liver Disease Models," in the peer-reviewed Journal of Pharmacology and Experimental Therapeutics.
  • Synthesis Energy Systems, Inc. (NASDAQ: SES) rose 26.9% to close at $9.20 after surging 12.24% on Wednesday.
  • Assembly Biosciences, Inc...


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Kimble Charting Solutions

Bank Index Breakout? Stock Market Bulls Sure Hope So

Courtesy of Chris Kimble

One of the most important sectors of the stock market is the banking industry and bank stocks.

When the banks are healthy, the economy is likely doing well. And when bank stocks are participating in a market rally, then it bodes well for the broader stock market.

In today’s chart, we look at the Bank Index (BKX).

As you can see, the banks have been in a falling channel for the past 20 months. As well, the banks have been lagging the broader market during this time as well – see the Ratio in the bottom half of the chart above.

That said, th...



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Lee's Free Thinking

Look Out Bears! Fed New QE Now Up to $165 Billion

Courtesy of Lee Adler

I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather than sooner. Sorry folks, wrong about that. The NY Fed announced another round of new TOMO (Temporary Open Market Operations) today.

In addition to the $75 billion in overnight repos that the Fed issued and has been rolling over since Tuesday, next week the Fed will issue another $90 billion. They’ll come in the form of three $30 billion, 14 day repos to be offered next week.

That brings the new Fed QE to a total of $165 billion. Even in the worst days of the financial crisis, I can’t remember the Fed ballooning its balance sheet by $165 bi...



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Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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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:

 

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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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