Archive for November, 2017

Is The Left Self-Destructing, Or Is Something Else Going On?

Courtesy of ZeroHedge. View original post here.

Authored by Brandon Smith via Alt-Market.com,

The temptation to revel in the implosion of the extreme political Left is high, and it's understandable.

I could go through a long list of insane offenses by the cultural Marxist cult of the church of "social justice," but I think this latest example summarizes the problem nicely.

In this video, teaching assistant Lindsay Shepard at Wilfred Laurier University in Canada is reprimanded and brow beaten by two professors for daring to commit the heresy of showing her students BOTH sides of the debate over transgenderism and pronoun politics.

The zealotry on display here by these professors is indicative of a deep-rooted cancer within the Left. Shepard was not attempting to troll her class with misinformation or subtly manipulate them with propaganda, in fact she wasn't seeking to pressure them to support either viewpoint. She was not violating anyone's private property rights to assail them with her arguments, either.  Her only goal was to show people in a public space that there are in fact at least two opposing viewpoints on the issue in question. But in a cult it is unacceptable to acknowledge that there are different ways of thinking from the prevailing doctrine. Other beliefs and evidence must be filtered out completely, otherwise, the devout members of the cult might be faced with uncertainty.

If an ideological system is so fragile that it cannot tolerate the slightest hint of legitimate counter-evidence, then something is very wrong with that system. If that system is incapable of arguing its merits using facts and instead relies on the argument of "How dare you!," the only things that could possibly keep it alive are threats of force and terror.

Decades ago, it was the "Christian Right" that was often attacked as being too puritanical and theocratic in its attempts to not only control politics and legislation, but to also control the public mindset. They were not satisfied by merely dictating the laws; they wanted individual people to believe the way they believed, or at least act like it for the sake of conformity. This caused a considerable backlash from


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Australian Banks – First The Housing Bubble Bursts, Now A Public Inquiry

Courtesy of ZeroHedge. View original post here.

We keep returning to the subject of Australia and the growing signs that its bubble economy is bursting. Earlier this month, we discussed how the world’s longest-running bull market – 55 years – in Australian house prices appears to have come to an end. We followed this up with “Why Australia’s Economy Is A House Of Cards” in which Matt Barrie and Craig Tindale described how Australia’s three decades long economic expansion had mostly been the result of “dumb luck”.

As a whole, the Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble.

Last week, in "The Party's Over For Australia's $5.6 Trillion Housing Market Frenzy", we highlighted some scary metrics for Australia’s housing bubble – notably how the value of Australian housing is more than four times gross domestic product – higher than other nations with housing bubbles, e.g. New Zealand, the UK and Canada. Two days ago, we noted the number of Australians optimistic about the year ahead had plunged to a record low.

Moving on to the nation’s banks, while Australian households are the second most indebted in the world, its banks are the most exposed to housing debt…

…which doesn’t augur well if, as we expect, the housing bubble deflates. We pointed out that an additional risk for Australia’s banking sector, which certainly wouldn’t help the property market either, was the growing demand for a public inquiry. This follows a series of scandals relating to misleading financial advice, attempted rate-rigging, fee gouging and alleged breaches of anti-money laundering laws. According to Australia’s ABC News.

But the overwhelming reason for an inquiry rests on just one principle — accountability. What has been forgotten in the endless round of scandals in recent years is that the Australian banking sector is a taxpayer subsidised industry. It's an industry that pays ridiculously bloated salaries to its leaders; that showers itself with massive bonus payments when profits are soaring but instantly demands taxpayer protection and support when the tide turns.

Australia’s biggest lender, Commonwealth Bank of


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“Here Are The 3 Questions We Hear Most About Bitcoin Right Now”

Courtesy of ZeroHedge. View original post here.

As DataTrek's Nick Colas, formerly chief market strategist at Convergex Group, writes overnight, "we’re doing our best to make sure we don’t flood you with bitcoin/crypto information because there are plenty of other issues with broad appeal." However, he finds that hard to do when the topic dominates both financial news headlines and popular imagination… and when it goes from $11,000 to $8,900 in two hours.

To address some of the pent-up confusion, here are the three questions (and answers) Colas it getting most about bitcoin at the moment:

#1 Where is all the new interest coming from (i.e. is it just the US?)

Looking at Google Trends, the top five countries for bitcoin searches over the last 24 hours are: The Netherlands, Australia, South Africa, Singapore, and Switzerland. The US is in 8th place. Searches for “Coinbase” (a popular wallet app) come from Malta, Singapore, the US, Norway and Switzerland (in that order).  Within the United States, bitcoin is strictly a bicoastal phenomenon. Google searches come most from New York, California, Hawaii, New Jersey, and Washington. Searches for Coinbase look the same.

The upshot is that bitcoin is a tech-enabled (and therefore global) phenomenon, which is a critical feature of its price advance. We can’t think of another financial asset in history where the majority of the world’s citizens can invest as easily as they view an Instagram picture or chat on Twitter.  And on that point, one fun (and perhaps telling) statistic: in the US, Google searches for bitcoin are 6-7x greater than those for “Kim Kardashian”. Enough said…

#2 When will the rally stop/slow down, and what is bitcoin’s “Fundamental” Value?

Our best look at bitcoin’s intrinsic worth is to compare it to the total value of American and European high-denomination bank notes in circulation. Both bitcoin and its fiat currency counterparts are portable stores of wealth, which appeals to buyers/holders of each. Yes, fiats are government backed, but you can’t counterfeit a bitcoin. So we’ll call it a draw in terms of relative attractiveness.  There are currently $1.1 trillion in $100 bills in global circulation, and $650 billion in high denomination euro notes. Total


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BMO Capital Upgrades VMware ‘At Long Last,’ Says Shares Can Move Higher

Courtesy of Benzinga.

BMO Capital Upgrades VMware 'At Long Last,' Says Shares Can Move Higher

Shares of cloud computing and platform visualization software and services company VMware, Inc. (NYSE: VMW) could have further upside on top of their 56 percent gain year-to-date, according to one analyst. 

The Analyst

BMO Capital Markets analyst Keith Bachman upgraded his rating on the shares of VMWare from Market Perform to Outperform and increased his price target from $136 to $142.

The Thesis

Following the release of VMware’s fiscal third quarter results, Bachman raised his estimate for the company’s compute business from an earlier estimate of a 1-2 percent decline to 3 percent growth in fiscal 2019. (See Bachman’s track record here.

The growth, according to the analyst, would come from on-premise spending rather than the cloud.

“As we have previously stated, we think VMW, like Microsoft Corporation (NASDAQ: MSFT), Oracle Corporation (NYSE: ORCL) and Red Hat Inc (NYSE: RHT), are benefiting from improved on-premise spending trends, which we think will continue in FY19,” Bachman said.

Though the management suggested returns from VMware’s partnership with Amazon.com, Inc. (NASDAQ: AMZN)‘s AWS may not forthcoming for the next two years, BMO Capital Markets said it expects AWS to contribute to revenues in 2019.

“Further, while the change in fiscal year likely helped working capital during FY18, we believe that solid revenue and deferred revenue growth, along with operating margins that we believe could remain in the 33 percent-plus range, suggest that FCF should continue to grow close to 10 percent over the next few years,” the analyst said. 

VMware’s free cash flow-based valuation is compelling, according to BMO Capital Markets. Although the firm prefers Microsoft in terms of slow growth software, it said VWware shares can move higher.

The Price Action

At the time of writing, VMware shares were rallying 2.52 percent to $123.14.

Related Links:

Why VMware Shares Are A Buy

Who’s Afraid Of The Big Bad Amazon? VMware Upgraded

Latest Ratings for VMW

Date Firm Action From To
Dec 2017 Gabelli & Co. Downgrades Buy Hold
Dec 2017 Drexel Hamilton Downgrades Buy Hold
Dec 2017 BMO Capital Upgrades Market Perform Outperform

View More Analyst Ratings for VMW


View the Latest Analyst Ratings

Posted-In: BMO Capital Markets Keith BachmanAnalyst Color Upgrades Price Target Analyst Ratings Best of Benzinga





Overstock: There’s More To This Stock Than Bitcoin

Courtesy of Benzinga.

Overstock: There's More To This Stock Than Bitcoin

Overstock.com Inc (NASDAQ: OSTK) gained notoriety as one of the first major retailers to accept bitcoin as payment. The e-commerce platform has been a longtime champion of the crypto currency, accepting bitcoin as early as January 2014.

Overstock initially transferred all crypto sales to dollars. The company now holds 50 percent of its crypto sales in bitcoin and other digital currencies. Overstock Board member Jonathan Johnson went as far to say: “We think that blockchain is going to be more revolutionary than the Internet.”

A new analyst note is predicting big upside from Overstock and recommending investors to buy shares — but not solely because of bitcoin.

The Analyst

Tom Forte of DA Davidson reiterated a Buy rating with an $85 price target.

The Thesis

After Overstock plummeted 30 percent over the past week, Forte continues to remain bullish due to a sum-of-the-parts valuation. (See Forte’s track record here.) 

While Overstock’s current market cap sits at $1.13 billion, Forte said its home e-commerce business alone justifies a $2 billion valuation. His rationale: The price would be cheaper for a legacy brick-and-mortar retailer like Target Corporation (NYSE: TGT), TJX Companies Inc (NYSE: TJX) or Costco Wholesale Corporation (NASDAQ: COST) to purchase the business outright than to build their own platform.

“We believe acquiring the home e-commerce business of Overstock would provide a lot of strategic value to another company such as TJ Maxx or Costco,” the analyst said. 

“For T.J. Maxx, we believe it would enable the company to overcome what we consider to be a structural challenge — its low average selling prices make running a profitable e-commerce business difficult because shipping and handling costs erode its margins. For Costco, we believe Overstock could materially improve its e-commerce efforts,” he said.

Forte puts Overtstock’s e-commerce valuation at $58 per share. Add in Overstock’s blockchain investments through its company’s Medici Ventures subsidiary, and he arrives at a $85 valuation.

Price Action

Shares of Overstock fell 5 percent…
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North Korea’s Newest Missile Is Capable Of Carrying Multiple Warheads

Courtesy of ZeroHedge. View original post here.

Contrary to the South Korean government’s initial analysis, the missile launched by North Korea into the waters west of Japan yesterday could represent an important advancement in the country’s missile technology that would allow it to carry multiple warheads.

According to a report in Japanese business newspaper Nikkei, photos of the Hwasong-15 published by local North Korean media showcase a newly developed launch system and casing.

Rodong Sinmun, a mouthpiece for the North's ruling Workers' Party of Korea, published photos of the Hwasong-15, the country's latest intercontinental ballistic missile, at liftoff and mounted on what appears to be a newly developed mobile launch system. The missile seems to involve a completely new rocket, judging by its size and shape, South Korea's Ministry of National Defense said Thursday. The ministry's initial analysis Wednesday claimed the Hwasong-15 was merely a retooled version of the Hwasong-14 ICBMs launched in July.

The shape of the rocket’s nose cone suggests that it was designed with an eye toward carrying multiple warheads, which could make it easier for the North to outfit the rocket with a nuclear payload. Also, by possessing the capability to strike multiple sites with one missile, it would make it more difficult for anti-missile defense systems to intercept it.

The latest missile's nose cone is more rounded than that of its predecessor. This could indicate it was designed with an eye toward a multiple-warhead system, Chang Young-keun of the Korea Aerospace University said in response to questions from South Korea's Yonhap News Agency. It was generally agreed that inserting multiple warheads into the Hwasong-14's pointed nose cone would be difficult.

A missile capable of striking multiple sites at once would be more difficult for ship- and land-based defense systems to fully neutralize than a single-warhead missile. North Korea, long thought to be seeking this technology, would pose a much greater threat as a result.

To be sure, the rounded nose cone may have been designed solely to protect the missile as it reenters Earth’s atmosphere. Atmospheric re-entry has long been a major obstacle for the North’s missile program.

The missile's shape may also be related to technology intended to protect


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The Dow Jones Roar Repeats

Courtesy of Read the Ticker.

the-dow-jones-roar-repeatsAre we near the end yet? The mighty Dow Jones jumps higher.



The news of Trumps tax plan confirms the higher prices.



Now with rising US 10 year, 2 year and 5 year rate will the talking heads say rising interest rates confirm a rising stock market and all is well. Just one thing though, it is now more expensive to do a share buybacks, a few years back the cost was near zero, now corporations have to pay real money for finance. Add to this existing debt is going to be more expensive after re financing, maybe the next wave of funding will be via the block chain (hey its started already, and just imagine if all those CDS had a block chain token, counter parties could be exposed on an exchange).



The chart for the day.





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INDU




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…



..”Nothing new ever occurs in the business of speculating or investing in securities and commodities.”..



Jesse Livernore Trading Rule





..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”..



John Templeton





..”Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs”..



George Soros







..”A market is the combined behavior of thousands of people responding to information, misinformation and whim”..



Kenneth Chang





..”The stock market is filled with individuals who know the price of everything, but the value of nothing”..



Philip Fisher











Martin Armstrong Warns: 2018 Is The Year Of Earthquakes

Courtesy of ZeroHedge. View original post here.

Authored by Martin Armstrong via ArmstrongEconomics.com,

The Great San Francisco Earthquake struck on April 18th, 1906 (1906.295).

Based upon our model that monitors earthquakes due to their impact on the economy (1906 quake led to the Panic of 1907 and the formation to create the Federal Reserve in 1913), the risk for a major earthquake turns up in 2018.

Why? Actually from two aspects.

This will be the 13th wave of 8.6 years from 1906 which puts the risk starting 2018.095 (Feb 3/4. 2018).

However, perhaps a more important model is simply looking at quakes that are 7.0 or higher regardless of where they are. When we focus on this level of activity, here too what emerges is a 31.4-year cycle of intensity. This also turns up in 2018. The real intensity appears to extend into 2021.

There is a new theory that some scientists have put forward.

This new theory was published in Geophysical Research Letters earlier this year, by Roger Bilham of the University of Colorado and Rebecca Bendick of the University of Montana. Their hypothesis predicts that because of Earth actually slows down in its rotation, there will be a sharp rise in large earthquakes come 2018. 

The forecast is based upon looking at earthquakes since 1900 that were greater than 7.0 displays a cycle that is approximately every 32 years for an uptick in these large quakes. They argue that the only factor which strongly correlates is a slight slowing of the Earth’s rotation in a five-year period before the uptick. While I cannot confirm or deny that the cause of the cycle is the slowing of the Earth’s rotation, I can confirm that the cycle exists. Indeed, a Magnitude 7.0 earthquake hit 45 miles from New Caledonia on November 19th, 2017 at 5:43 PM.

The Tokyo Earthquake of 1923 came 17.2 years after the San Francisco Earthquake.

That was two 8.6-year waves after 1906. The 17.2-year frequency for 7.0+ quakes was due then in 1940. On May 19th, 1940, Imperial Valley, California, in the United States was hit by a 7.1


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Philip Morris hides data in plain sight on dangers of new heat-not-burn product

 

Philip Morris hides data in plain sight on dangers of new heat-not-burn product

Courtesy of Stanton GlantzUniversity of California, San Francisco

File 20171118 11457 k6dlc9.jpg?ixlib=rb 1.1

Sleek IQOS store in Korea. Minji Kim, Ph.D., CC BY-SA

For as long as smoking has been known to cause cancer and other diseases, Big Tobacco has worked to avoid the truth about its deadly and highly addictive products.

Nicotine is the addictive drug in tobacco. Burning the tobacco generates an aerosol of ultrafine particles that carries nicotine deep into smokers’ lungs, where it is absorbed and rapidly reaches the brain. That burning yields toxic chemicals that cause disease.

Ever since people started understanding in the 1950s that smoking kills, millions have struggled to stop smoking. The tobacco companies, desperate to keep and expand their customers, have been trying to make “safer cigarettes” since the 1960s.

They have also developed products that avoided burning, including products that heat the tobacco without combustion, e-cigarettes and even nicotine replacement therapy.

Philip Morris International’s IQOS is the latest entry into this sweepstakes.

IQOS is a hand-held electric device that generates its nicotine aerosol by heating a stick of ground tobacco and chemicals without setting the tobacco on fire. IQOS does not burn the tobacco, so it produces fewer toxic chemicals than a cigarette.

A man smokes an IQOS. ThamKC/Shutterstock.com

Because IQOS is a new tobacco product, it needs the Food and Drug Administration’s approval to sell it in the United States. Philip Morris submitted its massive application to the FDA on May 24, 2017. As required by law, FDA has made most of the application available for the public to review. The FDA will then consider the comments to determine if IQOS “as it is actually used by consumers, will significantly reduce harm and the risk of tobacco-related disease to individual users” and to the population as a whole. FDA can approve IQOS only if it meets this standard.

As someone who has worked…
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Satellite Photos Show North Korea Preparing Another Missile Launch

Courtesy of ZeroHedge. View original post here.

North Korea carried out its first missile test in more than two months earlier this week, ending the longest stretch of calm since President Trump took office. But according to satellite images exclusively obtained by Fox News, the North Korean military is already constructing another launch pad at the Panghyon Airbase in North Pyongyang – the same site where it carried out its July 4 launch of an ICBM.

This suggests that the North is already preparing for its next missile test.

Analysts at Image Sat International spotted the construction just days after the rogue nation launched an ICBM that North Korea claimed was powerful enough to carry a “super-heavy nuclear warhead” that could strike the “mainland of the U.S."

According to the ImageSat analysts, who are closely following North Korean military activity, this is “the first time that they have decided to rebuild a site that they have used before."

The photos, dated Nov. 23 and 24, appear to show the development of another launch pad just a few yards away from the one used during the July 4 Hwasong-14 ICBM launch, as well as a newly renovated access road.

Constructed in the 1980s, the Panghyon site is North Korea's primary aircraft production, repair, and research facility.

The satellite images also show the construction of an aircraft hangar, as well as airplanes being moved and stored in hangers on the tarmac.

With the recent launch of another ICBM and the construction of additional launching pads, North Korea continues to defy the US-led world outrage over its nuclear program and is determined to bring it to completion.

The Hwasong-15 rocket tested by the North Tuesday was themost powerful of the three ICBMs tested by the Kim regime so far. Furthermore, the mobile night launch appeared aimed at testing new capabilities and demonstrating that Pyongyang would be able to strike back to any attempt at a preventative strike against the regime. The missile's peak height and record flight time also helped confirm the Pentagon's worst fears: The North now possesses the capability to strike nearly any target on the continental US.





 
 
 

Zero Hedge

Schiff: Negative Interest Rates Are "Boneheaded"

Courtesy of ZeroHedge View original post here.

Via SchiffGold.com,

Donald Trump has been badgering Federal Reserve Chairman Jerome Powell for months, begging for lower interest rates. This week, he took things to another level, saying that the “boneheads” at the Fed need to push rates into negative territory.

In his podcast, Peter Schiff said negative interest rates are boneheaded. ...



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The Technical Traders

Metals are following downside sell off prediction before the next rally

Courtesy of Technical Traders

It is absolutely amazing how the precious metals markets have followed our October 2018 predictions almost like clockwork.  Our call for an April 21~24 momentum base below $1300 followed by an extensive rally to levels above $1550 has been playing out almost like we scripted these future price moves.

Now that the $1550 level has been reached, we are expecting a rotation to levels that may reach just below the $1490~1500 level before attempting to set up another momentum base/bottom formation.  And just like clockwork, Gold has followed our predictions and price is falling as we expected. Just look at our October 2018 chart where we forecasted the price of gold...



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Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 

...

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Phil's Favorites

Black Hole Investing

 

Black Hole Investing

Courtesy of John Mauldin, Thoughts from the Frontline 

Scientists say the rules change in a cosmic “black hole” at what astrophysicists call the event horizon. How do they know that? Not by observation, since what happens in there is, by definition, un-seeable. They infer it from the surroundings, which say that the mathematics of the universe as we understand them change at the event horizon.

Or maybe not. One theory says we are all inside a black hole right now. That could possibly explain a few things about central bank policy. ...



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Insider Scoop

The Street Reacts To Kroger's Q2 With Mixed Takeaways

Courtesy of Benzinga

Kroger Co (NYSE: KR) reported second-quarter results that came in better than expected. The earnings beat may have been overshadowed by management's decision to remove its prior guidance of $400 million in incremental EBIT by fiscal 2021.

Q2 A Mix Of Positives And Negativ...

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Kimble Charting Solutions

Bond Yields Due For Rally After Declining More Than 1987 Stock Crash

Courtesy of Chris Kimble

U.S. Treasury Bond Yields – 2, 5, 10, 30 Year Durations

The past year has seen treasury bond yields decline sharply, yet in an orderly fashion.

This has spurred recession concerns for much of 2019. Needless to say, it’s a confusing time for investors.

In today’s chart of the day, we look at a longer-term view of the 2, 5, 10, and 30-year treasury bond yields.

Short to long term bond yields are all testing 7 to 10-year support levels as momentum is at the lowest levels in a decade.

A yield rally is likely due across the board after a recent decline that was bigger than the stock crash in 1987!

If yields fail to ral...



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Lee's Free Thinking

Nonfarm Payrolls Not Seasonally Adjusted Tell the Real Story - Unspinning Wall Street™

Courtesy of Lee Adler

Not seasonally adjusted nonfarm payrolls, that is, the actual numbers, give us a truer picture of the jobs market than the seasonally adjusted garbage that Wall Street spews.

Friday’s seasonally adjusted nonfarm payrolls jobs headline numbers disappointed investors with slower than expected growth. But was it really that bad?

Here’s How The Street Spun It – Wall Street Journal Modest August Job Growth Shows Economy Expanding, but Slowly

Employers added 130,000 nonfarm jobs, jobless rate held steady at 3.7%

U.S. employment grew only modestly in August, suggesting that a global economic slowdown isn’t driving the U.S. into recession but has dente...



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Digital Currencies

China Crypto Miners Wiped Out By Flood; Bitcoin Hash Rate Hits ATHs

Courtesy of ZeroHedge View original post here.

Last week, a devastating rainstorm in China's Sichuan province triggered mudslides, forcing local hydropower plants and cryptocurrency miners to halt operations, reported CoinDesk.

Torrential rains flooded some parts of Sichuan's mountainous Aba prefecture last Monday, with mudslides seen across 17 counties in the area, according to local government posts on Weibo. 

One of the worst-hit areas was Wenchuan county, ...



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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:

 

·       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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