Archive for 2016

Employment Railroad Tracks Formation Epitomizes the Rigged US Economic Data and Markets

Courtesy of Lee Adler of the Wall Street Examiner

I’m not here to argue whether the July report was lousy or not. The US economy may well be spawning big numbers of crappy low paying jobs. Withholding tax collections were huge in the last 4 weeks of July. We know that that didn’t come from big wage gains by existing workers. They’re running at about a 2.5% annual growth rate. So when tax collections increase by a significant margin over a similar period a year ago, it suggests that there were new jobs, maybe a lot of them.

I’m also not here to argue that the headline number bears any semblance of reality. The headline number is the seasonally adjusted month to month gain in the estimated number of jobs. The whole process of seasonal adjustment is a bogus attempt to smooth a jagged trend with peaks and valleys into a continuous modified moving average. The number is a fiction. Because it’s based on a moving average it has a built in lag, for which statisticians try to compensate with a bunch of statistical hocus pocus. That includes constantly revising the number based first on subsequent surveys, and then on benchmarking the data with actual tax collections in the 5 subsequent years. Not only is the number revised twice after the first month it’s issued, but it’s then fit to the curve of actuality for the next 5 years until the reading is finalized. July’s reading won’t be final until July 2021. The process is really “seasonal finagling.” It’s abstract impressionism. It’s a joke.

What I have come to argue here is that the not seasonally adjusted (NSA) numbers, which I have always relied upon in my analysis of the jobs trend, is probably also a joke. Look at this chart. Do those railroad tracks look like the real world to you, or are these some kind of computer generated auto-numbers that merely make a pretense of reality. Law of Large Numbers or not, I have never seen any other economic series behave with such regularity.

This is a farce, a sham. But it doesn’t matter because the economy doesn’t matter. The world’s central banks have attempted, and largely succeeded, in rigging the financial markets. One of the consequences, intended or unintended, is that the bulk of the benefit

continue reading

New Twist in Global Warming Madness: Olympic Records Won’t Come Easy

Courtesy of Mish.

Bloomberg writer Jessica Shankleman is willing to push global warming silliness up another notch with “politically correct” nonsense that Olympic Records Won’t Come Easy in Rio Because of Climate Change.

Athletes at the Olympic Games may struggle to break world records as they compete with Brazil’s rising temperatures caused by climate change.

Marathon runners, swimmers, volleyball players and even soccer referees will succumb to extreme heat and lose concentration during the games, in some cases risking their lives to heatstroke, according to a report released Monday by Observatorio do Clima, a Brazilian civil society group.

“Because of warming, sport will never be the same again,” the report said. Brazil heated up faster than the global average, warming 1 degrees Celsius (1.8 degrees Fahrenheit) in the last 54 years, and four cities smashed new heat records in 2015, according to the report. If countries don’t deliver on goals to limit global temperature rises to “well below” 2 degrees Celsius, 12 Brazilian cities may have to limit play in similar games by the end of the decade, it said.

Even though the games are taking place during Brazil’s winter, the heat may still impede performance, particularly in the marathon where Olympic records have only been broken in temperatures below 12 degrees Celsius. Runners perform best between 8 degrees and 11 degrees, well below the level expected this month in Brazil, it said.

The heat is likely to be particularly painful for athletes from colder climates, says Brazilian tennis player Fernando Meligeni. He reckons European players won’t be used to the humidity, which will make them sweat more than usual.

Math Lesson for Jessica

The alleged ideal temperate range is 8-11. That’s a range of four degrees.

The stated assumption is that global warming pushed up temperatures by 1 degree in Brazil, faster than average.

This process took 54 years (assuming of course it happened, and global warming is to blame).

If the range 8-11 is “well below” expected temperatures, the problem (assuming there is a problem) isn’t global warming, it’s picking the summer Olympics in a place too likely to be too hot and too humid.

The article shows the ridiculous lengths writers and editors are willing to go to promote their social agendas.

[Originally published at Mish Talk]

America’s Dangerous Game Of Intrigue Inside International Organizations

Courtesy of ZeroHedge. View original post here.

Submitted by Wayne Madsen via,

From the International Olympic Committee (IOC) and the Fédération Internationale de Football Association (FIFA) to the Southern Common Market (Mercosur) and the Association of Southeast Asian Nations (ASEAN), Washington has been playing a dangerous game of intrigue and deception with regard to steering these organizations in a pro-American direction. The Obama administration has decided that the halls, offices, and conference rooms of international organizations are acceptable battlefields to wage propaganda and sanctions wars.

The first American target of note was the international football association, FIFA. Not content with trying to sully the reputation of the 2014 Sochi Winter Olympics with issues of gay rights and doping of athletes, the US disinformation boiler rooms began a full-scale attack on FIFA. The major reason is Russia’s hosting of the 2018 FIFA World Cup. The US Justice Department, in a major move toward the internationalization of domestic US law, began unsealing indictment after indictment of FIFA officials for financial crimes. The actual target of these indictments was Russia.

The United States, continuing its economic and political pressure on Venezuela, decided to pressure its three right-wing allies in Latin America – Brazil, Argentina, and Paraguay – to deny the chair of the Mercosur customs union to Venezuela. After Uruguay, whose term was expiring, the next country in alphabetical order to assume the chair of the Latin American customs union was to be Venezuela. However, two countries where the Central Intelligence Agency arranged for constitutional coups to oust progressive presidents – Brazil and Paraguay – joined Argentina, ruled by a right-wing president narrowly elected in a dubious electoral process, in denying the chair to Venezuela.

Venezuelan Foreign Minister Delcy Rodríguez said that what Argentina, Brazil, and Paraguay were doing to Venezuela was the restoration of the CIA’s Operation Condor against Venezuela. Condor was a 1970s operation concocted by Henry Kissinger, the CIA, and fascist governments in Argentina, Chile, Bolivia, Brazil, Paraguay, and Uruguay to target leftists throughout the Condor participants with assassination and torture. In a display of ultimate hubris, Argentina, Brazil, and Paraguay refused to recognize Venezuela as the chair of Mercosur, citing Venezuela’s economic, political and social crises, all of which were hatched by the CIA and its surrogates inside Venezuela.

If Washington wanted

continue reading

Breaking News And Best Of The Web

Courtesy of John Rubino.

Oil price jumps on rumors of output cap. Stocks, gold and silver mostly unchanged. China trade data disappoints. US debt now has negative yield for foreign investors. Most Americans worse off today than in 2005. More good earnings reports from precious metals miners. A major bitcoin hack throws crypto-currency world into turmoil. The Trump campaign may be collapsing.

Best Of The Web

Priced out of the ‘open society’ – SAXO Group
Updating government finance quasi-capitalism – Credit Bubble Bulletin
A global derivatives expert shines the light on systemic risk – Garret Galland
What happens when rampant asset inflation ends? –
Bernanke’s “enrich-thy-neighbor” doctrine now in “full bloom” – FRA
Impermanence and full-cycle thinking – Hussman Funds
Minsky’s moment – Economist
Weekly commentary: Bubble battles – Credit Bubble Bulletin
Jim Grant is bullish on gold, bearish on Craft – Barron’s
Negative interest rates: necessary evil or symbol of greed? – Telegraph
IMF admits disastrous love affair with the euro – Telegraph
Biggest companies in the S&P 500 use made-up earnings numbers – MarketWatch
This is how independent central banks are – Gold Republic


Breaking News

The Economy

8/08    Bond market’s big illusion revealed as US yields turn negative – Bloomberg

8/08    Disappointing China July imports suggest cooling domestic demand – Yahoo!

8/08    Shrinking imports and exports – David Stockman

8/08    Oil rises 2% on fresh calls for production freeze – CNBC

8/08    Irish banks most vulnerable in stress tests – GoldCore

8/08    BLS railroad tracks epitomize rigged US economic data & markets – David Stockman

8/08    Earnings beats are concealing bad results – MarketWatch

8/08    We’re in a low-growth world. How did we get there? – New York Times

8/08    Musical chairs – International Man

8/08    McKinsey study shows 81% of US worse off than in 2005 – Mish

8/08    Globalization and its new discontents – Project Syndicate

8/08    Markets may soon face “jump conditions.” Here’s why – MunKnee

8/08    Bond market compromised by central bank buying – Talk Markets

8/08    95 million Americans not in the labor force – My Budget 360

8/08    UK consumer spending picks up in July, bucking signs of slowdown – Reuters

8/07    Majority of countries have increased debt

continue reading


Courtesy of ZeroHedge. View original post here.

Blame Trump…?

Is it just us, or are cartoonists the only ones left in the mainstream media capable of even questioning the adminstration’s newspeak?


The Indexing End Game: The Wilshire 5000 Only Has 3,607 Stocks

Courtesy of ZeroHedge. View original post here.

Submitted by Daniel Drew via,

Numbers and false advertising have a long history: 4.9% unemployment, 2.5% GDP growth, 72 virgins. Now we can add the Wilshire 5000 to the list.

What started with good intentions ended with embarrassment as American economic dynamism collapsed in a cascade of falling profit margins, financial engineering, labor devaluation, and lopsided “free trade” agreements. In 1974, Wilshire Associates created the Wilshire 5000, an index of 5,000 stocks that represented nearly the entire stock market. As new companies went public, the index expanded over the years, reaching a peak of 7,562 on July 31, 1998. Since then, the number of companies has been cut in half to 3,607 as of March 31, 2016. Wilshire notes, “The last time the Wilshire 5000 actually contained 5,000 or more companies was December 29, 2005.”

Wilshire 5000

The Wilshire 5000 is now 5000 in name only. Ben Carlson of the Common Sense blog calls it the “shrinkage effect” and blames it on the lackluster IPO market, which is a shadow of its former self. He notes, “From 1980 to 2000 there was an average of more than 300 companies every year that went public. Since then that number has dropped to an average of around 150 a year.” It’s yet further evidence of what I pointed out last year: The Stock Market Is Disappearing In One Giant Leveraged Buyout. The relentless pace of share buybacks and new highs in the S&P 500 point to nothing less than a slow-motion buyout of the entire market, which will widen the gap between the uber-rich and everyone else.

Index investing was supposed to be the last hope of the small investor. Even Warren Buffett, the Baghdad Bob of capitalism, pitches index funds to the average investor, specifically the S&P 500. The premise is that a diversified portfolio will go up over time, and so far, it has worked for anyone who has stayed fully invested. However, there is one simple problem:

What happens when we run out of stocks to index?

Today, it’s the Wilshire 5000 that runs out of stocks. In 10 years, the S&P 500 investment committee will be grasping for shares, urging Larry Page and Mark Zuckerberg to issue D shares and F shares of Google and Facebook just to maintain the facade of diversification in an increasingly undiversified world.

News You Can Use From Phil’s Stock World


Financial Markets and Economy

Bond Markets Big Illusion Revealed as U.S. Yields Turn Negative (Bloomberg)

For Kaoru Sekiai, getting steady returns for his pension clients in Japan used to be simple: buy U.S. Treasuries.

There will be 'no medal winners' in the stock market because everything is too expensive (Business Insider)

Goldman Sachs' David Kostin is not enthusiastic about the stock market right now.

"In the next three-months we expect negative price returns in Asia (-3%), Japan (-6%), US (-10%), and Europe (-11%)," said Kostin."

Dollar Gains Ground After Payrolls as Asian Futures Signal Gains (Bloomberg)

The dollar cemented its advance, while Asian index futures signaled gains, after U.S. jobs data both burnished sentiment toward the world’s biggest economy and bolstered bets on an interest-rate hike this year. Gold extended its losses as oil edged higher.

'They are hurting right now': The oil patch and has been decimated (Business Insider)

Oil prices have dropped over 20% since June.

Hedge funds have done a terrible job at picking stocks this year (Business Insider)

Hedge funds are not doing too hot in 2016.

Why China Can't Solve Its Debt Problem (Bloomberg View)

For a long time, there was a recurring stereotype about China's economy: If growth started to slow significantly, the argument went, prudent technocrats in Beijing could always prop it up with fiscal stimulus and keep the country's financial institutions afloat. Combined with optimistic official data about deficits, this argument sounded reassuring for a while.

World's Least Miserable Live in Asia, Thanks to Disinflation (Bloomberg)

The Land of Smiles really is the happiest place in the world, at least in terms of holding a job and keeping the rising cost of goods in check.

Why corporations are hiring even though U.S. growth
continue reading

CNN Host Slams America’s Greatest Olympian Ever For Not Being Black, Muslim Woman

Courtesy of ZeroHedge. View original post here.

Michael Phelps may be the greatest Olympian the world has ever known but for CNN host W. Kamau Bell, he is just a “tall, successful, rich white guy” who clearly didn’t “need the honor” of being chosen by his athlete peers as America’s flag-bearer. Instead, Bell exclaims, Ibtihaj Muhammad, a woman, an African-American and a Muslim to boot, should have been chosen because “right now America has enough tall, successful, rich white guys hogging the spotlight trying to make America great.”

After Phelps was chosen by his fellow Olympians, the U.S. Olympic Team tweeted proudly….

.@MichaelPhelps is HONORED to be #TeamUSA‘s flag bearer in the #Rio2016 Opening Ceremony ??????

Just 24 hours away! ?

— U.S. Olympic Team (@TeamUSA) August 5, 2016

But, as reports, liberals wanted U.S. swimmer Michael Phelps to give up the honor of carrying the American flag and leading his country’s athletes at the opening ceremony for the Rio Olympic games Friday night.

He’s the wrong color and the wrong sex.

W. Kamau Bell, host of CNN’s “United Shades of America,” described the swimming sensation as a “tall, successful, rich white guy” who clearly didn’t “need the honor.”

“With 22 Olympic medals, you are already the most decorated athlete in Olympic history,” he said.

But American fencer Ibtihaj Muhammad is a different story…

…a woman, an African-American and a Muslim to boot.

“Muhammad carrying the flag would be much bigger than your one moment,” Bell writes. “It would be a symbol for our country in this moment when we are mostly known for one of the most contentious, controversial, scandal-ridden, hateful, xenophobic, jingoistic, and just generally unlikable presidential elections in recent memory. This is at a time when we could use some more symbols of unity and togetherness.”

Bell referred to Muhammad as “a one-stop inclusion shop due to her race, sex and religion. Phelps, on the other hand was something else entirely.

“No offense, but right now America has enough tall, successful, rich white guys hogging the spotlight trying to make America great,” he said, in an obvious reference to Donald Trump.

“No offense”… but sadly it appears the supposedly apolitical Olympic

continue reading

The Trick To Staying Sane In The Market’s New Normal Ponzi Narrative

Courtesy of ZeroHedge. View original post here.

Authored by Mark St.Cyr,

Just as there’s a scheme to pay old investors with new investors money (aka a Ponzi.) There’s another part of the scheme that rarely gets talked about: i.e.,The narrative that fuels the scheme to begin with.

Much like the original structure which involves money, this too needs an ever-growing amount of gullible, willing participants. However, the currency here is narrative.

And just like any Ponzi scheme once you lose the narrative – you’ve lost everything. One can not survive without the other. Yet, it is the narrative more often than not that is needed to drive the scheme ever higher. Without it, the scheme implodes via its own weight. The narrative regardless of how outlandish, bizarre, or full of nothing but outright lies must be maintained and vociferously defended by those who are already caught in the scheme.

In my view the reason why many are finding the greatest confusion, as well as complete consternation is this: Too many are forgetting the “investors” in this scheme are governments (or proxy) with unlimited funding resources, as well as: they also control the narrative. i.e., any data point they wish to convey as what “is” good or bad. I would imagine if Charles Ponzi were alive today he’d argue “And you sent me to jail for?” But I digress.

Why the scheme of today is far more troubling than those of any bygone era is as I iterated: the access to unlimited funds.

As has been stated ad infinitum – central banks have the ability to print money ex nihlo. And what people forget is that ability retards the process for the scheme to collapse under its own weight. Remember: a Ponzi scheme works until you begin running out of suckers. And it’s in that math of exponentiation where once you see “a crack” the crumbling comes with near immediacy. There are only so many people, with enough money to swindle.

However, if one has access to unlimited fund? “Cracks” can be repaired, hence the scheme can continue. The game is the same. The only difference with this one is the physical reality of needing more “bodies” with wallets is no longer a requirement. i.e., One central bank with the gumption to print equals how many investors wallets of yesterday? 10? 100? 10,000?

continue reading

The S&P Is Now Set To Report Its Second Consecutive Annual Earnings Drop Since The Financial Crisis

Courtesy of ZeroHedge. View original post here.

With 86% of the companies in the S&P 500 reporting earnings to date for Q2 2016, Q2 earnings season is almost over. 69% of companies have reported earnings above the mean estimate and 54% have reported sales above the mean estimate. Still, despite the beat (on the back of what may be Reg-FD busting leakage of company earnings to sellside analysts just so companies can beat EPS in the last moment as described on Friday), earnings growth, or lack thereof, for Q2 2016 is expected to be -3.5%. This will make the first time the index has recorded five consecutive quarters of year-over-year declines in earnings since the financial crisis.

As the chart below shows, the forward PE of the S&P500 has now been flat for two years, even as the actual index has surged to record highs on the back of even greater multiple expansion, as both the economy and profit growth has slowed down: a Finance 101 paradox.

How lofty is that? Moments ago Goldman said that “The median S&P 500 stock trades at a forward P/E of 18.2x, ranking in the 98th percentile since 1976.” It’s also the reason why Goldman unveiled a tactical sell on stocks one week ago.

It gets worse. Whereas one week ago, Q3 consenus earnings for the first time dipped negative, as of Friday sellside analysts now expect third quarter earnings to decline a substantial -1.7% Y/Y as every sector has seen its forecast earnings drop substantially.

Which means that earnings growth is now not expected to return until Q4 2016, and also means that if consensus is accurate, S&P500 EPS are on pace to decline for a record 6 consecutive quarters.

A few months ago, when Q3 consensus EPS was still well in the green, we predicted that Q3 would ultimately be revised to negative. It was. Now we predict that over the next 2-3 months Q4, EPS which is currently expected to grow 5.7% will likewise be dragged into negative territory.

Finally, as a result of the recent cuts to Q3 earnings consensus, and the slowdown to Q4 EPS growth, one can forget about 2016 full year earnings growth. According to Factset, year-over-year earnings are now set to decline -0.3% for the full year, after starting off the

continue reading


Zero Hedge

Enemy Of The People?

Courtesy of ZeroHedge. View original post here.

Via The Zman blog,

There has never been a time when normal people did not know the media was biased and biased in a predictable direction. For every non-liberal in the media, there were at least ten liberals. The ratio was probably higher, but then, as now, some lefties liked to pretend they were independents or some third option.

The media used to invest a lot of time denying they had a bias and an agenda, but the only people who believed them were on the Left, which had the odd effect of confirming they had a bias and an agenda.


more from Tyler

Phil's Favorites

A 2019 Earnings Recession?


A 2019 Earnings Recession?

Courtesy of 

Shout to Leigh!

On the new Talk Your Book – Josh Brown is joined by Leigh Drogen of Estimize, one of the leading providers of crowdsourced financial and economic data to talk about the trend in corporate profits that could potentially lead to an earnings recession later this year.

What is the thing that Leigh is seeing in the data that Wall Street isn’t yet picking up on? What segment of the stock market is most at risk? Why is the crowd smarter than the narrow consensus of Wall Street analysts?

Check out Estimize ...

more from Ilene


D.E. Shaw Investment Calls For Leadership Change At EQT

By ActivistInsight. Originally published at ValueWalk.

Elliott Management has offered to acquire QEP Resources for approximately $2.1 billion, contending the oil and gas explorer’s turnaround efforts have done little to lift the company’s share price. The company responded and said that a thorough review of the proposition is imperative in order to properly act in the best interests of shareholders, “taking into account the company’s other alternatives and current market conditions.” The news came only a month after Travelport Worldwide agreed to sell itself to Siris Capital Group and Elliott’s private equity arm Evergreen Coast Capital for $4.4 billion in cash and two months after Athenahealth was bought by Veritas and Evergreen for $5.7 bi...

more from ValueWalk

Kimble Charting Solutions

Gold & Silver Testing Important Breakout Levels!

Courtesy of Chris Kimble.

Gold and Silver from a long-term perspective have created a series of lower highs over the past 8-years. Will 2019 bring a change to this trend? A big test is in play!

Gold since the lows in 2016 has created a series of higher lows, while Silver may have created a double bottom.

Gold & Silver are currently facing break attempts a (1) and (2). These falling resistance lines have disappointed metals bulls for the past few years.

The direction of Gold and Silver weeks and months from now should be highly influenced by what each does as they are attempting to break above important resistance levels.

To become a member of Kimbl...

more from Kimble C.S.

Insider Scoop

UBS Says Disney's Streaming Ambition Gives It A 'New Hope'

Courtesy of Benzinga.

Related DIS Despite Some Risks, Analysts Still Expecting Double Digit Growth From Communications Services In Q4 ... more from Insider

Digital Currencies

Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions

Courtesy of Zero Hedge

While the market has been increasingly focused on the rising headwinds in the global economy in general, and China's economic slowdown in particular, while the media is obsessing over daily revelations that Trump may or may not have colluded with Russia to get elected, a far more critical, if underreported, shift has been taking place over the past year.

As we reported in June, whether due to concerns over draconian western sanctions and asset confiscations following the poisoning of former Russian military officer Sergei Skripal, or simply because it wanted to diversify away from the dollar, Russia liquidated virtually all of its Treasury holdings in the late spri...

more from Bitcoin

Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

In last week’s recap we asked:  “Has the Fed solved all the market’s problems in 1 speech?”

Thus far the market says yes!  As Guns n Roses preached – all we need is a little “patience”.  Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets.   And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!

Fed Chairman Jerome Powell reinforced that message Thursday during a discussion at the Economic Club of Washington where he said that the central bank will be “fle...

more from Chart School

Members' Corner

Why Trump Can't Learn


Bill Eddy (lawyer, therapist, author) predicted Trump's failure based on his personality, which was evident years ago. This article, written in 2017, references a prescient article Bill wrote before Trump became president, in July, 2016, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...

more from Our Members


Opening Pandora's Box: Gene editing and its consequences

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


Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from

Courtesy of John Bergeron, McGill University

Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.


more from Biotech

Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...

more from M.T.M.


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 ...

more from OpTrader


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


more from Promotions

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 >>

As Seen On:

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.

Market Shadows >>