Archive for 2016


Courtesy of ZeroHedge. View original post here.


EU Road Trips – The Most Popular Destinations [INFOGRAPHIC]

By VW Staff. Originally published at ValueWalk.

EU Road Trips – The Most Popular Destinations

Lovers of the open roads take trips across to the Continent to enjoy breath taking scenery and challenging driving conditions that are hard to find in the UK. With the exit from the European Union these adventurous road trips may not quite so easy to achieve, so before it’s too late to roll down your car windows and feel the breeze blowing through your hair this infographic offers a taste of what’s in store for driving enthusiasts as they hit the roads of our Continental neighbours.

The infographic highlights some of the most popular destinations for motoring enthusiasts, including one in Norway, and although this country isn’t in the EU, it’s been added for those who want to test their driving skills with a series of tight hairpin bends and take in some spectacular views. Travel to the Alps in France, Switzerland and Italy and have an adrenaline rush as your conquer some of the most hair-raising cornering in Europe.

These road trips aren’t one-day wonders, so we’ve included some great places to stay along the routes, along with some fun facts and snippets of the stunning scenery you’ll encounter along the way.

If your current car isn’t up to these types of road trips take a look at the suggestions to choosing the ultimate car to make these driving experiences extra special.

For the love of motoring you owe it to yourself to take a road trip of a lifetime. Just to help you on your way we’ve also given you a check-list of the documents and other ‘must haves’ you’ll need when driving on the Continent.

EU Road Trips – The Most Popular Destinations

EU Road Trips

The post EU Road Trips – The Most Popular Destinations [INFOGRAPHIC] appeared first on ValueWalk.

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Debate Post-Mortem: Trump Crushes Clinton – “You Should Be In Jail”

Courtesy of ZeroHedge. View original post here.

From the no-handshake start, following the most awkward Bill-Melania pre-debate greeting, it was clear the gloves were off. While Trump started apologetically, once Clinton opened up ad hominem character attacks, The Donald turned it up to ’11′. Lashing out at Bill’s indiscretions “his actions are worse than words”, Hillary’s lying “you should be in jail… I will call for a special prosecutor”, and the biases of the moderators“it’s one of three here” even the crowd cheered.. before being quickly shushed. Online polls, unbiased commentators, and the Mexican Peso agreed Trump won.

A picture paints a thousand words…

*  *  *

Melania meets Bill…

Melania #Trump and Bill #Clinton shake hands prior to the #debate

— dotemirates (@dotemirateseng) October 10, 2016

No handshake at the start…

The second presidential debate is underway. Clinton and Trump did not shake hands. LIVE BLOG:

— TWC News Coastal NC (@TWCNewsILM) October 10, 2016

Hillary appeared to attract a fly…

“You should be in jail”

Trump to Clinton: “You’d be in jail” if I was in charge

— CNBC Now (@CNBCnow) October 10, 2016

“I will bring a special prosecutor”

Trump: If elected, I’d “instruct my attorney general to get a special prosecutor” to investigate Clinton emails

— NBC News (@NBCNews) October 10, 2016

And, AG Holder chimed in…

Former U.S. Attorney General Eric Holder calls Trump “dangerous” and “unfit” after saying he’d jail Hillary Clinton if he were in charge

— BNO News (@BNONews) October 10, 2016

“I was surprised to Bernie sign on with you the devil…”

Trump: Take a look at WikiLeaks and see what they said about Bernie Sanders…I was so surprised to see him sign on with the devil. #debate

— ABC 7 Chicago (@ABC7Chicago) October 10, 2016

“It’s just words, folks”

“I don’t know Putin”…

Trump on Clinton: “She lied. Now she’s blaming the lie on the late, great Abraham Lincoln.” #debate

— NBC News (@NBCNews)

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Russian Options Against A US Attack On Syria

Courtesy of ZeroHedge. View original post here.

Via The Saker,

This article was written for the Unz Review:

The tensions between Russia and the USA have reached an unprecedented level. I fully agree with the participants of this CrossTalk show – the situation is even worse and more dangerous than during the Cuban Missile Crisis. Both sides are now going to the so-called “Plan B” which, simply put, stand for, at best, no negotiations and, at worst, a war between Russia and the USA.

The key thing to understand in the Russian stance in this, an other, recent conflicts with the USA is that Russia is still much weaker than the USA and that she therefore does not want war. That does not, however, mean that she is not actively preparing for war. In fact, she very much and actively does. All this means is that should a conflict occur, Russia you try, as best can be, to keep it as limited as possible.

In theory, these are, very roughly, the possible levels of confrontation:

  1. A military standoff à la Berlin in 1961. One could argue that this is what is already taking place right now, albeit in a more long-distance and less visible way.
  2. A single military incident, such as what happened recently when Turkey shot down a Russian SU-24 and Russia chose not to retaliate.
  3. A series of localized clashes similar to what is currently happening between India and Pakistan.
  4. A conflict limited to the Syrian theater of war (say like the war between the UK and Argentina over the Malvinas Islands).
  5. A regional or global military confrontation between the USA and Russia.
  6. A full scale thermonuclear war between the USA and Russia

During my years as a student of military strategy I have participated in many exercises on escalation and de-escalation and I can attest that while it is very easy to come up with escalatory scenarios, I have yet to see a credible scenario for de-escalation. What is possible, however, is the so-called “horizontal escalation” or “asymmetrical escalation” in which one side choses not to up the ante or directly escalate, but instead choses a different target for retaliation, not necessarily a more valuable one, just a different one on the same level of conceptual importance

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JPM Explains How HFTs Caused Friday’s Sterling Flash Crash

Courtesy of ZeroHedge. View original post here.

On Friday, in the aftermath of the historic pound sterling flash crash, we presented Citi’s forensic take of how in just 30 seconds, bid/ask spreads in cable exploded as wide 600 pips.

Today, we provide another take, that of JPM’s Nikolaos Panigirtzoglou, who looks at the “gapping market” that emerged on Friday morning Asia time, and shares some color on the role of high frequency traders behind the sudden, dramatic plung in sterling.

Below is his full note:

Friday’s flash crash in sterling reinvigorates the debate about market liquidity and the role of High Frequency Traders (HFTs) as providers of liquidity. Similar to previous flash crashes such as the August 24th 2015 flash crash in US equities or the October 15th 2014 flash crash in USTs, market gapping, a step change in prices from one level to another without much trading in-between, raises questions about market structure and liquidity in FX markets. This is also because FX markets are perceived to be a lot more liquid than equity or bond markets, so the conventional view is that FX markets are unlikely to experience flash crashes or market gapping in the absence of high impact news.

The flash crash in a major currency like sterling questions the above perception and perhaps shows there are liquidity vulnerabilities in FX markets that are more similar to those seen in equity or bond markets. A step change following a significant event such the Brexit referendum or the SNB’s abandonment of its peg is not problematic as it represents a natural market resetting. But a step change triggered by an order flow is more problematic and in our opinion reflective of how vulnerable market liquidity is in FX markets also.

Liquidity vulnerabilities in equity or fixed income markets as a result of changing market structures are well documented. In equity markets the shift away from principal trading towards agency trading, where markets makers simply match buyers with sellers without holding inventory beyond a short period of time, took place well before the Lehman crisis. But the Lehman crisis caused a similar shift within fixed income markets. Regulatory and other forces have made it a lot more costly for traditional dealers to act as principal traders in fixed income markets, inducing them to change towards a more

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Hillary, Trump Refuse To Shake Hands At Start Of Debate

Courtesy of ZeroHedge. View original post here.

If the pre-debate intro was dramatic, the actual debate was right out of Rocky IV, when in an unprecedented moment, Hillary and Trump both refused to shake hands, leading to a social media frenzy as “no handshake” promptly became what may have been the most tweeted phrase on twitter. 

This is what it looked like.

.@HillaryClinton and @realDonaldTrump do not shake hands at the start of the second presidential #debate

— POLITICO (@politico) October 10, 2016

A military view on climate change: It’s eroding our national security and we should prepare for it


A military view on climate change: It's eroding our national security and we should prepare for it

By David Titley, Pennsylvania State University, The Conversation

In this presidential election year we have heard much about some issues, such as immigration and trade, and less about others. For example, climate change was discussed for an estimated 82 seconds in the first presidential debate last week, and for just 37 minutes in all presidential and vice presidential debates since the year 2000.

Many observers think climate change deserves more attention. They might be surprised to learn that U.S. military leaders and defense planners agree. The armed forces have been studying climate change for years from a perspective that rarely is mentioned in the news: as a national security threat. And they agree that it poses serious risks.

I spent 32 years as a meteorologist in the U.S. Navy, where I initiated and led the Navy’s Task Force on Climate Change. Here is how military planners see this issue: We know that the climate is changing, we know why it’s changing and we understand that change will have large impacts on our national security. Yet as a nation we still only begrudgingly take precautions.

The Obama administration recently announced several actions that create a framework for addressing climate-driven security threats. But much of the hard work lies ahead – assuming that our next president understands the risks and chooses to act on them.

Climate-related disruptions

Climate change affects our security in two ways. First, it causes stresses such as water shortages and crop failures, which can exacerbate or inflame existing tensions within or between states. These problems can lead to state failure, uncontrolled migration and ungoverned spaces.

On Sept. 21 the National Intelligence Council issued its most recent report on implications of climate change for U.S. national security. This document represents the U.S. intelligence community’s strategic-level view. It does not come from the Intergovermental Panel on Climate Change, politicians of either party or an advocacy group, but from nonpartisan, senior U.S. intelligence professionals.

The NIC report emphasizes that the problem is not simply climate change, but the interaction of climate with other large-scale…
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Trump vs Clinton Part 2 – The Gloves Come Off: Live Feed

Courtesy of ZeroHedge. View original post here.

Update: As we noted previously, Willey, Broaddrick, Jones and Shelton will be in the debate audience…

As we detailed earelier, tonight’s town-hall style presidential debate from St.Louis promises to be an eyeball-scorcher. With the bout scheduled for 90 minutes with questions from the web, the crowd, and moderators, parents are strongly advised to lock up small chidren (and pets) as the chances of the words ‘pussy’, ‘liar’, ‘monica’, and ‘rape’ emerging during the battle are high. Luckily CNN’s Anderson Cooper and ABC’s Martha Raddatz are moderating so everything should be ‘fair’.

The War Of The Noses escalates…

One thing to watch will be whether Clinton, an audience member or one of the moderators addresses the Trump tape first.

Some of the questions “you” want answered, include:

The body language between the two will also be scrutinized — some liberal voices on social media have suggested that Clinton should decline to shake hands with Trump.

As we noted earlier, previewing a hard-line attack on Clintons’ sexual past, Trump on Sunday morning tweeted an interview given by Juanita Broaddrick, who claimed Mr. Clinton sexually assaulted her in the late 1970s…. Ms. Broaddrick tearfully recounts the episode in the videotaped interview and said “I’m afraid of him.”

As the WSJ adds, “Trump, facing fierce blowback for his lewd comments about women, is signaling that he will target Mr. Clinton’s behavior as he tries to stabilize a campaign coping with its biggest crisis to date.”

In weekend apologies for his remarks, the Republican nominee invoked Mr. Clinton repeatedly, saying he had “abused women” and talked about them in ways that were more offensive than his own in a 2005 video in which he boasted of sexual aggression.

He also claimed Mrs. Clinton attacked the women who accused her husband of sexual misconduct.

“I’ve said some foolish things, but there’s a big difference between the words and actions of other people,” Mr. Trump said in a Saturday morning video. “Bill Clinton has actually abused women and Hillary has bullied, attacked, shamed and intimidated his victims. We will discuss this more in the coming days.”

That line of attack threatens to yank Mr. Clinton directly into the campaign scrum, a space the former two-term president has largely avoided since his wife launched her campaign

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Weekly Market Recap Oct 9, 2016

Courtesy of Blain.

The week that was…

Key economic reports such as the monthly employment data and ISM manufacturing and non manufacturing didn’t move the needle much this week and the infatuation with Deutsche Bank ended.  However there were all sort of antics happening in oil, precious metals, and currency markets.

On the economic front, Monday was the release of the ISM Manufacturing report which showed a move back to expansion (>50).

The Institute for Supply Management said its manufacturing index rose to 51.5 last month after dipping into negative territory in August. Economists surveyed had forecast the index to total 50.6.  Spending on construction tumbled 0.7% in August.

Thursday saw a gigantic jump in the ISM non manufacturing index to a reading of 57.1, up from 51.4 in August.

The biggest data point of the month is always the employment figures which came in at +156,000 last month, while the unemployment rate ticked up to 5% as more workers entered the labor market. Hourly wages grew 0.2%.  This was a number everyone could live with – not too hot, not too cold so it still puts a Fed rate hike in late 2016 in doubt.

The U.S. has added an average of 178,000 jobs a month this year, down from 228,000 in 2015 and 251,000 in 2014.


Here is a 5 day “intraday” chart of the S&P 500 via Doug Short.


The week ahead…

Hopefully some of the obsession with central banks cease as earnings season launches.   That said earnings have been woeful for quite a long time…

According to the latest FactSet calculation, third-quarter earnings-per-share of S&P 500 companies are expected to drop 2% from the third quarter of 2015, which will mean earnings will have racked up six consecutive quarters of decline.

FOMC minutes will be released Wednesday and with the constant obsession about what the Fed will do (when it usually does nothing but placate the market) it should be on the radar.   Retail sales will be the key economic report to watch for.

Index charts:

Short term: The S&P 500…
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Trump Brings Clinton Accusers To Tonight’s Debate

Courtesy of ZeroHedge. View original post here.

We predicted that Trump “Signalled an Attack On Bill Clinton” and sure enough, that’s precisely what Trump confirmed is now in store for tonight’s debate, because his “final debate prep” included the following press conference featuring a number of Bill Clinton’s rape accusers, as well as the woman who – at 12-years-old – was the rape victim who Hillary Clinton smeared in her effort to get the perpetrator a light sentence. Most hideously, Hillary famously laughed about her success in doing so:

As Politico reports, seated beside four women — including Juanita Broaddrick, Paula Jones, Kathleen Willey and Kathy Shelton — Trump addressed viewers ahead of the debate, making an issue of Bill Clinton’s own sexual history as the GOP nominee faces a mass defection from within his own party.

“These four very courageous women have asked to be here, and it was our honor to help them,” Trump said of the women who then excused his comments caught on tape and released on Friday.

“Actions speak louder than words,” said Broaddrick, who alleged in 1999 that Clinton raped her in 1978 — a claim that Clinton has denied. “Mr. Trump may have said some bad words, but Bill Clinton raped me and Hillary Clinton threatened me. I don’t think there’s anything worse.”

“I think they should all look at the fact that he is a good person,” Jones said of Trump.“He’s not what other person have been saying he has been, like Hillary.”

*  *  *

And just as it was revealed that Broaddrick, Jones, Willey and Shelton were present at the debate, the Clinton campaign immediately released its response to the presence of Bill’s accusers as follows:

And Trump’s campaign quickly snapped back…

We agree @HillaryClinton. Does that go for Juanita, Kathleen, Kathy and Paula? If so, acknowledge them from the stage tonight. #girlpower

— Kellyanne Conway (@KellyannePolls) October 10, 2016

RT if you agree. “Every” the operative word here.

— Kellyanne Conway (@KellyannePolls) October 10, 2016


Zero Hedge

Auto Shares Surge As Fiat, Renault Confirm Merger Talks

Courtesy of ZeroHedge. View original post here.

With President Trump in Japan for a state visit and most of Europe headed to the polls to vote in the quinquennial EU Parliamentary elections, there was enough news to keep market watchers occupied during what was supposed to be a quiet holiday weekend in the US. 

But on top of these political headlines, on Saturday afternoon, the news broke that Italian-American carmaker Fiat Chrysler had approached France's Renault with a merger proposal that would leave the shareholders of each carmaker with half of the combined company, in a tie-up that would create the world's third-largest au...

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Phil's Favorites

Trump and the problem with pardons


Trump and the problem with pardons

Courtesy of Andrew Bell, Indiana University

As a veteran, I was astonished by the recent news that President Trump may be considering pardons for U.S. military members accused or convicted of war crimes. But as a scholar who studies the U.S. military and combat ethics, I understand even more clearly the harmful long-term impact such pardons can have on the military.

My researc...

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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 ... more from Insider

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 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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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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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


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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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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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...

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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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