Archive for December, 2016

2016 Hedge Fund Letters

By Jacob Wolinsky. Originally published at ValueWalk.

2016 Hedge Fund Letters page is now up!

Q4 and H2 2016 letters and also some hedge fund conferences.

The links are not an endorsement whatsoever nor does any omission mean anything, besides for the fact that we do not find the letter interesting/newsworthy or we do not have access to it. More on that below

As always we thank our readers for their help – Source journalism has become more difficult over the past few years due to opponents of freedom gaining the upper hand and we expect that trend to continue or get worse – we can use basically any method mentioned in this great ProPublica article to communicate confidentially. Regular tips can be sent to tips(@)

Pension funds in particular invest hundreds of billions of taxpayer (YOUR money) in hedge funds. According to a recent report by Willis Towers Watson  over $250 billion of pension money is invested in hedge funds and fund of funds. According to their own public records – New York City public pension funds alone have $4 billion in hedge funds and according to Barclays Prime Broker Research hedge funds have not generated positive alpha since 2011–  citizens have a right to know how that money is being used. The future of journalism can either be watermelon squeezing or holding our Government officials accountable for how they allocate our retirement money – the choice is yours.

To use the snail mail method mentioned in the article (which cannot be opened without a warrant):

Use no return address

Send information to:


Attn: Jacob Wolinsky, Michelle Jones, or Mark Melin

295 Madison Avenue 12th Floor

New York, NY 10017

This page was started on 1/1/2017 – barely any Q4/H2/2016 letters our out yet – which means we will have a ton more letters and conference coverage in coming months – so make sure to bookmark

NOTE: The list is in alphabetical order. To be completely accurate, while most funds listed below are hedge funds some are mutual funds or other (i.e. Berkshire Hathaway). The list is (mostly) in alphabetical order.

Last updated on 1/01/2017

Also check out


Q1 letters

Q2 letters

Q3 letters

Into great hedge funds focused on small caps? Check out our new site!

2016 Hedge Fund Letters

Q4 conferences

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    Super Irony: Washington Post Editorial Moans “Trump Refuses to Face Reality About Russia”

    Courtesy of Mish.

    The Washington Post lunatics are back again with yet another story on Russia: Trump Refuses to Face Reality About Russia. This bit of irony comes from the Washington Post editorial Board.

    ALTHOUGH PRESIDENT Obama’s sanctions against Russia for interfering with the U.S. presidential election came late, his action on Thursday reflected a bipartisan consensus that penalties must be imposed for Moscow’s audacious hacking and meddling. But one prominent voice in the United States reacted differently. President-elect Donald Trump said “it’s time for our country to move on to bigger and better things.” Earlier in the week, he asserted that the “whole age of computer has made it where nobody knows exactly what is going on.”

    No, Mr. Trump, it is not time to move on. U.S. intelligence agencies are in agreement about “what is going on”: a brazen and unprecedented attempt by a hostile power to covertly sway the outcome of a U.S. presidential election through the theft and release of material damaging to Democratic nominee Hillary Clinton. The president-elect’s dismissive response only deepens unanswered questions about his ties to Russia in the past and his plans for cooperation with Vladi­mir Putin.

    Dear Washington Post

    How many times do you morons have to humiliate yourselves with fake news before you understand the problem is you?

    There is no credible evidence Russia interfered in the US election. However, we do have some facts.

    Facts of the Matter

    1. The US waged war on Iraq on trumped up charges of weapons of mass destruction.
    2. The US entered a war in Vietnam on a senseless “domino theory” fueled on trumped up Gulf of Tonkin incident.
    3. The US helped overthrow Mohammad Mosaddegh, an Iranian Prime Minister. Mosaddegh was the democratically elected Prime Minister of Iran from 1951 until 1953, when his government was overthrown in a coup d’état aided by the the US. The results were disastrous.
    4. The US tapped Angela Merkel’s phone.
    5. On the death of Libyan leader Muammar Qaddafi, then Secretary of State Hillary Clinton bragged “We came, we saw, he died.” ISIS and radicals took over Libya following the death of Qaddafi.
    6. Thousands of innocent men, women, and children have been killed by US drones. Obama justified targeted killings under the pretext of wars that were never declared.

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    Former Lifelong Democrat Admits “Obama Is A Failed President”

    Courtesy of ZeroHedge. View original post here.

    Authored by Eric Zuesse via,

    I’m a former lifelong Democrat, stating here a clear and incontestable fact: Barack Obama is a failed President.

    It’s true not just because of the sad realities such as that «Top Ex-White House Economist Admits 94 % Of All New Jobs Under Obama Were Part-Time» — or, as the economists Alan Krueger and Lawrence Katz wrote in the original of that study: «94 percent of the net employment growth in the U.S. economy from 2005 to 2015 appears to have occurred in alternative work arrangements». («Alternative work arrangements» referred there to Americans who were involuntarily working only part-time jobs — they simply couldn’t find full-time, though that’s what they wanted.) In other words: Obama’s failure isn’t just because of America’s increasingly sales-clerk, and burger-flipping, workforce.

    And Obama’s failure is also not just because «Poverty Rose In 96 % Of U.S. House Districts, During Obama’s Presidency». (However, that reality turned out to be decisive in Hillary Clinton’s loss to Donald Trump on November 8th, as Nate Cohn pointed out in The New York Times on December 23rd, headlining, «How the Obama Coalition Crumbled, Leaving an Opening for Trump». Hillary was running on Obama’s poor record.)

    Obama’s failure is also because of other important reasons. Among them is the uncounted thousands of people who were killed in, and the uncounted millions of people who became refugees from, the places where Obama (or else his installed regimes) bombed and caused the residents to either die or flee. George W. Bush’s destructions of Iraq and even Afghanistan were now being followed by the destructions of Libya by Obama and Sarkozy, and of Syria by Obama and Saud and Thani and Erdogan, who armed the tens of thousands of jihadists and sent them into Syria to overthrow and replace Assad — and Bush’s destructions were followed also by Obama’s keeping in power the barbaric junta-regime that replaced the democratically elected Honduran Presiden Manuel Zelaya on 28 June 2009 shortly after Obama entered the White House (and this junta-regime, in turn, caused Honduras’s murder-rate to soar 50% to become the world’s highest, which then caused hundreds of thousands of Hondurans to flee and become undocumented U.S. immigrants, against which Donald Trump campaigned).

    The Obama regime has thus created far more misery outside America, than inside it. Failures such as those didn’t cost Hillary Clinton many (if any)

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    Seventh issue of eVALUATION – Active vs. Passive Investing

    By VWArticles. Originally published at ValueWalk.

    The seventh issue of eVALUATION, Stern’s student-run investment newsletter is out. For this issue, the editors elected to focus on the increasingly popular and ongoing contentious debate: Active vs. Passive Investing.

    Photo by lorenzocafaro (Pixabay)

    Below are more details

    Inside you will find detailed insights from industry experts who have closely watched the evolution of investment management and are strong proponents of their own field. The newsletter includes interviews with successful active investment managers, leading providers of passive investments, and renowned investment expert and author of The Index Revolution: Why Investors Should Join it Now, Charley Ellis. It also features NYU’s very own valuation expert, Professor Aswath Damodaran, and University of Notre Dame’s Professor Martijn Cremers whose research focuses on this area. In addition, the newsletter features a student investment write-up (long Hanesbrands) and a summary of recent SIMR events.

    “We’re in the middle of a revolution caused by indexing.” – Jack Bogle, Vanguard founder(1)

    In light of the recent rise in passive investing, over the past semester the eVALUATION team has been researching the growing trends toward passive management and the continued merits of active management. In this issue we present in-depth discussions on the “Active vs. Passive” debate. While we leave the ultimate answer to this Active vs. Passive question up to you, we strive to present detailed and multifaceted views and opinions to keep our readers well-informed of key industry trends and help you assess this topic constructively going forward.

    The rise of lower cost ETFs and the shift toward passive investing has been a controversial topic for active managers facing performance challenges in recent years. According to Morningstar, more than one third of mutual fund and ETF assets are now passively managed, up from one fifth five years ago. (2) Passive funds are seeing record inflows andthe ETF momentum is expected to continue, as PwC forecasts that passive investments will reach $22.7tn by 2020. (3) This is a profound change within the industry, and in this new age of shifting investor preferences and lower cost competition, active managers will need to continue to adapt and sharpen their strengths.

    We are proud to introduce the seventh issue of eVALUATION, focused on the Active vs. Passive debate, in addition to our highlighted student investment ideas and recent news from Stern’s Investment Management & Research club. We hope that you enjoy…
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    Washington Post Caught Spreading More Fake News About “Russian Hackers”

    Courtesy of ZeroHedge. View original post here.

    Readers of the Washington Post received some alarming news yesterday when the paper published a story alleging that those pesky “Russian hackers” were up to their no good tricks again and had managed to “penetrate the U.S. electricity grid through a utility in Vermont.”  The full headline read as follows:


    The opening paragraph of WaPo’s story directly linked the “hack” of the Vermont utility to the same “Russian hacking operation dubbed Grizzly Steppe” that the Obama administration has blamed for the DNC and John Podesta email hacks.  Vermont’s Governor, Peter Shumlin, told WaPo that “Americans should be both alarmed and outraged” by these actions perpetrated by “one of the world’s leading thugs, Vladimir Putin,” before seemingly calling for further retaliatory actions from the Obama administration.

    Vermonters and all Americans should be both alarmed and outraged that one of the world’s leading thugs, Vladimir Putin, has been attempting to hack our electric grid, which we rely upon to support our quality-of-life, economy, health, and safety. This episode should highlight the urgent need for our federal government to vigorously pursue and put an end to this sort of Russian meddling.

    Moreover, Vermont Senator Patrick Leahy took the rhetoric to a whole new level by asserting a diabolical Russian plot to shut down the U.S. electrical grid in the middle of winter…a move that would most certainly kill off half the state’s population in an instant.

    VT Gov

    Of course, it didn’t take long for the New York Times and ABC to latch on to the story since it fits their “2016 election hacking” narrative so perfectly.

    Our Russian “friend” Putin attacked the U.S. power grid.

    — Brent Staples (@BrentNYT) December 31, 2016

    NEW: “One of the world’s leading thugs, [Putin] has been attempting to hack our electric grid,” says VT Gov. Shumlin

    — ABC News (@ABC) December 31, 2016

    Alas, there was just one minor problem, namely that the entire article was completely fabricated.  Apparently the esteemed “journalists” of the Washington Post didn’t even bother to contact the Burlington Electric Department to confirm their bogus story…and why

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    At Least 35 People Killed After Shooters Dressed As Santas Open Fire In Istanbul Nightclub – Live Feed

    Courtesy of ZeroHedge. View original post here.

    Live Feed from Istanbul courtesy of RT:

    * * *

    Turkey greeted the New Year in a tragic fashion with at least 35 people were killed and 40 wounded around 1:15 am local time, after gunmen dressed as Santas opened fire on New Year’s revelers at a nightclub in Istanbul on Sunday morning, Istanbul Governor Vasip Sahin told reporters.

    Turkey’s probably most famous night club Reina attacked by 2 who were dressed as Santas and opening fire randomly, local media reports

    — Fercan Yalinkilic (@FercanY) December 31, 2016

    Ambulances line up in front of the Reina nightclub in Istanbul, where a gun
    attack took place during a New Year party.

    The attacker shot a police officer and a civilian as he entered the popular Reina club in the Ortakoy district of Istanbul before opening fire inside the building, Sahin said, in what he described as a terrorist attack.

    #BREAKING Istanbul Governor says at least 35 people killed, 40 wounded in attack at Reina night club #Turkey

    — CNN Türk ENG (@CNNTURK_ENG) January 1, 2017

    Attackers w kaleshnikovs reportedly still inside famous #Reina club.
    Seen several dead & injured people footage & photos. #IstanbulAttacked.

    — ilhan tanir (@WashingtonPoint) December 31, 2016

    Sahin told local media that the assailants first killed the police officer, who was standing at the door of the club, and then went on a rampage inside, killing innocent civilians. A policeman and a civilian are reported to be among the two known casualties at the nightclub. There were two attackers involved, according to NTV, but conflicting reports also described a lone gunman.

    The gunmen were dressed in Santa Claus outfits, wielding assault rifles, Turkish media said

    ??te ilk götüntüler. 40 civar? yaral? oldu?u belirtiliyor.

    — Murat ?ahin (@SunucuSpiker) December 31, 2016

    The gunmen were dressed in Santa Claus outfits, wielding assault rifles, Turkish media said.

    breaking An armed attack on a local club, Reina, in #Istanbul. Many casualties reported. At least 2 dead and over 50 ambulances on scene

    — Jewish Breaking News (@JBN)

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    2017 – A Sea of Exponentials

    By PeakProsperity. Originally published at ValueWalk.

    A big, gigantic, heart-felt Thank You! to everyone who supported this website and our activities in 2016!

    Really. Thank you.

    We did a lot of great things in 2016 in terms of reaching new audiences and extending our message into new places.

    While I am constantly driven to do more, and achieve more, this is a great time of the year to look back and ask how we did.  It bears repeating that Adam and I are a two man shop, with awesome direct support from Jeanine Dargis and Les Pierce (Saxplayer00o1) with the Daily Digest, Jason Wiskerchen on content loading, and a different Jason as moderator.  All in all a very small team given what we accomplish, our global reach, and the sheer variety of things that we also accomplish that are largely out-of-sight (and out-of-mind) for most people.

    On that last point, Adam recently brought some of those behind-the-scenes efforts to light in the post title Shifting Into Higher Gear.  Thank you to everyone that took the time to appreciate our efforts to make the site run faster, better, smoother.  We do it all in the interest of serving you better and reaching more people.

    Our mission is to create a world worth inheriting, and we do that by educating, informing and activating people to first understand the world’s various problems and predicaments, and then doing something about them.

    In 2016, we were very busy spreading the messages of the Three E’s (economy, energy & environment) and being emissaries for the twin ideas that big changes are coming and that we can do something to prepare for them.

    2016: By The Numbers

    An important role of mine is to reach out to the world and make our views here at Peak Prosperity more widely available.  A second role, no less important, is to produce content for the Peak Prosperity site generally, and for subscribers specifically.

    Here’s some of what got produced/delivered in 2016:

    • 46 full-length Featured Voices podcasts
    • 51 public blog pieces
    • 89 Insider content pieces (from all authors, combined)
    • 15 podcast interviews given (to other sites)
    • 46 radio interview posts
    • 3 video/TV spots
    • 11 print media interviews (magazines and newspapers)
    • 2 College class lectures given (Harvard and Berkeley)
    • 1 Rowe conference (4 day duration, plus time in preparation)
    • 3 UN events attended as part of

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    “Something For Nothing” All-Weather Funds Disappoint In Post-Election Era

    Courtesy of ZeroHedge. View original post here.

    Variously marketed as “all-weather”, “all-season”, or “bulletproof”, the so-called “risk-parity” strategies of some of the world’s largest hedge funds have been anything but ‘stable’ since the election as the combination of leverage and bond losses have crushed the gains from an exuberant equity market.

    Promise people something for nothing and you are going to attract a lot of attention. Stumble in the process and the critics will be quick to pounce.

    As The Wall Street Journal reports, the weeks since the election have been rough for one of the most polarizing investment strategies out there: risk parity.

    The strategy – which simply put, involves using diversification – and sometimes borrowed money (leverage) – to find an (historically-optimized) balance between risk and return.

    Bridgewater’s variant of this strategy, for example, has historically used borrowed money to invest about $1.50 for each dollar in assets, often putting the leverage in historically less-volatile bonds. The goal is stocklike returns with less volatility.

    Problems occur when histroical relationships between asset-classes break down… just as they did during this year (when the historical norm of inversely correlated bond and stock prices reversed completely)…

    The post-election rally in stocks and selloff in bonds hit these portfolios, embolding critics of the approach…

    Bonds have been in a bull market for 35 years, so adding leverage would have produced strong returns for a modest increase in volatility, says Ben Inker of fund management firm GMO. He also argues that “volatility and risk are not the same.”

    As WSJ concludes, the strategy has sharply underperformed both stocks and a traditional 60% stock 40% bond index fund offered by Vanguard since 1993.

    Without the benefit of leverage, lower volatility equals lower returns. Even with it, though, there are occasional bumps in the road. For investors whose moods are as fickle as the weather, risk parity may involve more risk than reward.

    Global Recession And Other Visions For 2017

    Courtesy of ZeroHedge. View original post here.

    Submitted by Economic Prism’s MN Gordon via,

    Conjuring Up Visions

    Today’s a day for considering new hopes, new dreams, and new hallucinations.  The New Year is here, after all.  Now is the time to turn over a new leaf and start afresh. Naturally, 2017 will be the year you get exactly what’s coming to you. Both good and bad.  But what else will happen?

    Image of a recently discarded vision…


    Here we begin by closing our eyes and slowing our breath.  We let our mind role back into the gray matter of our brain.  We wait patiently for new neurological connections to open up.  Then, ever so subtly, visions of the year ahead come into focus.

    Will stocks go up or down?  What about gold and Treasury bonds?  Will the economy expand or contract?  Are we fated for World War III?  Who will win the Super Bowl? These are the questions – and more – we intend to answer.

    Obviously, conjuring up visions is more art than science.  But so is Fed monetary policy. Nonetheless, before we get to it we must first lean upon ancient Chinese Philosopher Lao Tzu for a full disclaimer:

    Those who have knowledge, don’t predict.  Those who predict, don’t have knowledge.

    Hence, what follows comes from a place of zero knowledge.  We know nothing.  Still we sharpen our pencils and face our limitations.  What follows, for fun and for free, are several simple conjectures for the year ahead…

    Global Recession

    To start, the animal spirits and optimism that greeted Donald Trump’s election victory will flame out not long after inauguration day.  Without a major economic crisis, it will be near impossible to get substantial – $2 trillion deficit – spending approved by Congress.  Moreover, even if massive fiscal stimulus is approved it won’t make much of a lick to the economy for four quarters or more – if ever.

    One lesson of the 2009 American Recovery and Reinvestment Act is that throwing money at infrastructure projects is more complex than commonly appreciated.  Shovel ready projects don’t exist.  In particular, shovel ready infrastructure projects that could generate significant growth in high paying jobs are hard to come by with just the inking of a stimulus bill.

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    The Folly of Expert Predictions

    By csinvesting. Originally published at ValueWalk.

    A relatively new guy on the PM analysts scene, Bo Polny was, to my knowledge, first mentioned by Jim Sinclair (Yes, Mr. Gold of the “Gold will never go below $1500” – fame) as his chartist. He used that notoriety to open a website (2020 Gold Forecast), establish a following and charge exorbitantly for a newsletter – which I believe is now has a less-detailed, more reasonable price structure option. He is characterized as passionate, animated, can speak technical-analysis double-speak using chartist-lingo and numerology, is occasionally religious (Shemitah) and has made ambitious, dated, calls – some of which we will include that have not been resolutely judged correct or not. He’s been around less than 3-years but has some wildly poor predications. Let’s see:

    expert photo

    Photo by KarenBaijens

    May 7, 2013 – Bo Polny: Silver Extremely Vulnerable to a Break of $22 Bottom in this Polny stated that silver’s final bottom of $22 was ‘in’ but vulnerable [?!?] kind of riding the fence (it was $14.93 last I looked April 4th, 2016 – almost 3 years later – so, yeah – $22 was indeed ‘vulnerable’)

    May 31, 2013 – Bo Polny: Gold Has Bottomed at $1321, to Rise into June 5th Turn Datethe following month after he stated this it went to $1190.

    June 18, 2014 – Bo Polny: Gold- Up in June, Down into Summer & a Moon Shot to $2000 before Year END!Gold closed that year at around $1205.

    June 27, 2014 – Bo Polny: Gold Cycle Top June 27, Next a Summer Low Buy-Of-A-Lifetime Before $2000 Gold in 2014!Actually, Gold never went above $1400 in 2014 and finished the year at $1205.

    July 15, 2014 – A Final Summer Low Still Ahead as Gold’s Sabbatical Rest Comes to an End & Gold Heads to $10,000+!a continuation of his more exaggerative predictions…

    August 11, 2014 – BO POLNY: A 3-Year Gold ‘BEAR’ Market Ends & a 7-Year Gold ‘BULL’ Market Beginsno, Bo…

    September 9, 2014 – BO POLNY: $2000 Gold, Next Stop! 7-Year Gold Cycle Targets $5,000 & $333 Silverabsurd but it tends to peak the interests of the gold and silverbugs who immediately start mentally converting their stacks into mega-dollars imagining their new wealth and what it
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    Zero Hedge

    Philly Fed Unexpectedly Soars To Second Highest On Record

    Courtesy of ZeroHedge View original post here.

    Anyone expecting the coronavirus pandemic to hit regional Fed surveys following the recent plunge in the Chicago PMI was in for a disappointment this week, when first the NY Fed's Empire State mfg survey unexpectedly printed at the highest since mid-2018, and then moments ago the Philly Fed blew it out of the ballpark with a massive surge in its business outlook survey, where the current general activity rose nearly 20 points this month to 36.7, smashing expectations of a drop from 17.0 to 11.0, and the highest index reading since February 2017. More importantly, this was th...

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    Phil's Favorites

    Why Trump's post-impeachment actions are about vengeance, not retribution


    Why Trump's post-impeachment actions are about vengeance, not retribution

    President Trump fired Army Lt. Col. Alexander Vindman for testifying in his impeachment trial. AP Photo/Susan Walsh, File

    Courtesy of Austin Sarat, Amherst College

    Since the end of his Senate impeachment trial, President Donald Trump has carried out a concerted campaign against ...

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    Biotech & Health

    Deep learning AI discovers surprising new antibiotics


    Deep learning AI discovers surprising new antibiotics

    A colored electron microscope image of MRSA. NIH - NIAID/flickr, CC BY

    Courtesy of Sriram Chandrasekaran, University of Michigan

    Imagine you’re a fossil hunter. You spend months in the heat of Arizona digging up bones only to find that what you’ve uncovered is from a previously discovered dinosaur.

    That’s how the search for antibiotics has panned out recently. The relatively few antibiotic hunters out there ...

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    The Technical Traders


    Courtesy of Technical Traders

    Chris Vermeulen joins me to share the levels he is watching on the charts. If the USD hits a rough patch and rolls over that could be another driver for the PMs to run much higher. We also touch on the small (for now) bounce in natural gas and the trading opportunity Chris is playing.

    Get Chris’ trade alerts complete with price targets, and stop-loss levels.


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    Kimble Charting Solutions

    King Dollar Going To Lose Strength Here? Gold & Silver Hope So!!!

    Courtesy of Chris Kimble

    Is King$ and the Euro facing important breakout/breakdown tests at the same time? It looks like it in this chart!

    The US$ trend remains up, as it has created a series of higher lows since the start of 2018. The opposite can be said for the Euro, as it has created a series of lower highs since early 2018.

    The US$ is currently testing the top of its 18-month rising channel, as the Euro is testing the bottom of its falling channel.

    What King$ and...

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    Insider Scoop

    The Daily Biotech Pulse: Heron Pain Drug Review Extended, Disappointment For Teva In Tourette Syndrome Study

    Courtesy of Benzinga

    Here's a roundup of top developments in the biotech space over the last 24 hours.

    Scaling The Peaks

    (Biotech Stocks Hitting 52-week highs on Feb. 19)

    • Adverum Biotechnologies Inc (NASDAQ: ADVM)
    • Akebia Therapeutics Inc (NASDAQ: AKBA)
    • Ana... more from Insider

    Digital Currencies

    Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year


    Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

    ‘We have you surrounded!’ Wit Olszewski

    Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

    When bitcoin was trading at the dizzying heights of almost US$2...

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    What US companies are saying about coronavirus impact

    By Aman Jain. Originally published at ValueWalk.

    With the coronavirus outbreak coinciding with the U.S. earnings seasons, it is only normal to expect companies to talk about this deadly virus in their earnings conference calls. In fact, many major U.S. companies not only talked about coronavirus, but also warned about its potential impact on their financial numbers.

    Q4 2019 hedge fund letters, conferences and more

    Coronavirus impact: many US companies unclear

    According to ...

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    Chart School

    RTT browsing latest..

    Courtesy of Read the Ticker

    Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

    Date Found: Tuesday, 01 October 2019, 02:18:22 AM

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

    Comment: Wall of worry, or cliff of despair!

    Date Found: Tuesday, 01 October 2019, 06:54:30 AM

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

    Comment: Interesting.. Hitler good for the German DAX when he was winning! They believed .. until th...

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    Members' Corner

    How to Stop Bill Barr


    How to Stop Bill Barr

    We must remove this cancer on our democracy.

    Courtesy of Greg Olear, at PREVAIL, author of Dirty Rubles: An Introduction to Trump/Russia


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    Lee's Free Thinking

    Why Blaming the Repo Market is Like Blaming the Australian Bush Fires


    Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

    Courtesy of  

    The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

    Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:


    The ‘experts’ I hear from keep saying that once 300B more in reserves have ...

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    Mapping The Market

    How IPOs Are Priced

    Via Jean Luc 

    Funny but probably true:


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    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...

    Learn more About Phil >>

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    About Ilene:

    Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.