Archive for 2017

Following Sessions’ Threat, NYC No Longer a Sanctuary City

By JOHN F. BANZHAF. Originally published at ValueWalk.

Jeff Sessions win NYPD in NYC Alerting ICE to Court Appearances of Illegal Immigrants in reversal of sanctuary cities rule

NYPD Sanctuary cities ICE NYC  Jeff Sessions

Jeff Sessions NYPD Sanctuary cities ICE NYC By Ciar (Own work) [Public domain], via Wikimedia Commons

In the wake of an announcement by U.S. Attorney General Jeff Sessions that he would cut off funding if so-called sanctuary cities did not begin cooperating with the federal government regarding illegal aliens, it has been reported that the New York City Police Department [NYPD] alerts Immigration and Customs Enforcement [ICE] agents if immigrants facing deportation are due to appear in Criminal Court, thereby making it easier for them to be detained by the federal government.

Although many cities loudly proclaimed that they would not yield to these threats and yield even one inch on their sanctuary status, some observers, including public interest law professor John Banzhaf, predicted that Sessions’ threat, even if arguably unconstitutional, would successfully pressure at least some jurisdictions.

He noted that Florida’s largest county, Miami-Dade, long known for welcoming immigrants, has already ordered jails there to “fully cooperate” with Trump’s order regarding sanctuary cities, and others appear to be considering it.

Other states are also moving to pressure localities to begin cooperating with federal immigration enforcement.  These include, Iowa, Kansas, Kentucky, North Carolina, Pennsylvania, Texas, Virginia, and Wisconsin.

Banzhaf has publicly suggested that Trump’s order may unconstitutionally violate both states’ rights and Congress’ rights, and the sanctuary behavior about which he complained may not even violate the statute he cited.

Nevertheless, in part because cities may have difficulty obtaining a prompt judicial ruling on the constitutionality of the threat or even of a proposed cutoff, and because of the huge risks and legal costs of challenging governmental action, many more – despite their defiant claims – are likely to cave in.

Indeed, if New York City begins cooperating even in a small way with ICE, this might help persuade many other jurisdictions – which lack NYC’s resources to fight the federal government in court – to likewise bend, suggests Banzhaf.

The entire program, beginning with President Trump’s executive order stating that funds should be cut off to so-called sanctuary cities – if it is interpreted as many suggest, and if a court is ever able to rule on the issue – may…
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News You Can Use From Phil’s Stock World

 

Financial Markets and Economy

Almost a Decade Later, U.S. Money Markets Are Yet to Recover (Bloomberg)

Regulators’ effort to stamp out risk in the $2.6 trillion U.S. money-fund industry is creating unintended ripple effects across financial markets, with far-reaching consequences for companies and investors.

Asia Stocks Advance as Busy Week Begins; Yen Rises: Markets Wrap (Bloomberg)

Stocks in Asia rose and the dollar slipped as trading began in a busy week that includes a meeting between China President Xi Jinping and Donald Trump and culminates in the monthly U.S. jobs report.

A Surge in These Tokyo Stocks Is Puzzling the Firms' Own Officials (Bloomberg)

Officials at a handful of Japanese cable makers and concrete firms say a buying spree in their own companies’ shares is probably unjustified.

Japanese Corporate Sentiment Improves on Better Profits (Bloomberg)

Confidence among Japan’s large manufacturers improved for a second consecutive quarter in the first three months of the year as a weaker yen helped profits rise to a record.

Australia Home Prices Rise Most in 7 Years Amid Bubble Concern (Bloomberg)

Average home values in Australia’s eight state and territory capitals rose 12.9 percent in the 12 months through March, the fastest pace since May 2010, according to data from CoreLogic Inc. released Monday.

There's a way to invest in a cleaner environment, and the market is booming (Business Insider)

An increasing percentage of people today are not solely concerned about outsized returns when they invest their money — they also care about the social impact of their investments.

Sentiment vs. Reality: The Economy Is Telling Two Different Stories (The Wall Street Journal)

Based on surveys alone, one would think it is booming. Consumer confidence soared to a 16-year high in a Conference Board poll released this week. Surveys of small-business owners reflected optimism since the election.

The Reclusive Hedge-Fund Tycoon Behind The Trump Presidency (The New Yorker)

Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick


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Learning Valuation: PT AKR Corporindo Tbk

By Dr. Andrew Stotz, CFA. Originally published at ValueWalk.


Disclaimer:
This example was created on February 22, 2017. This is NOT a valuation, forecast, rating, or recommendation; rather, it is a teaching example. What follows is NOT investment advice; rather, it is a teaching example. It is intended only as academic information to those who want to learn about valuation. It should not be construed as the basis for any valuation or investment. The information in this presentation came from various sources which we believe are reliable, though we do not guarantee the accuracy, adequacy or completeness of such information. We hope you enjoy learning about valuation as much as we do!

Background

AKR was born as a small chemical trading business over 55 years ago in Surabaya. It has since grown to become one of Indonesia’s largest private sector distributors of basic chemicals, petroleum, logistics and supply chain solutions.

AKR supplies refined petroleum products from international refineries to the mining industry, government power utility, industrial and commercial establishments and also to the retail sector through its petrol stations.

Learning #Valuation with @Andrew_Stotz: PT AKR Corporindo Tbk #Indonesia

Today, AKR is the supplier of choice to industrial companies in the textiles, alumina, chemical, soap and detergent industries and supplies basic chemicals to the construction and consumer-related industries.

The 9-month 2016 revenue breakdown shows that 68% comes from petroleum distribution.

Forecast

The first thing we can see about this company is that the revenue has been falling as oil prices took a dive. The net profit has been rising, however, which is very impressive in a falling environment.

The net margin, therefore, has risen to about 8.4%, and I’m going to keep it generally flat and up slightly for that period.

Learning #Valuation with @Andrew_Stotz: PT AKR Corporindo Tbk #Indonesia

Assets

In the asset side of the balance sheet, we can see that the total net fixed asset growth is about 7%, and the total asset growth is in the range of 7% to 11%.

Learning #Valuation with @Andrew_Stotz: PT AKR Corporindo Tbk #Indonesia

Liabilities and Equity

Learning #Valuation with @Andrew_Stotz: PT AKR Corporindo Tbk #Indonesia

The amount of funding that the company gets is short term ? very small ? and they have a reasonable amount of long-term debt at about IDR 3,203 billion in 2016.

The dividend payout ratio is rising slightly, and I’m forecasting that it will rise in the future.

Cash Flow

If we now look at the cash flow statement, what we can see is that the operating cash flows are


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Experts Warn A Single North Korean Nuke Could Blackout National Electric Grid And Kill 90% Of Americans

Courtesy of ZeroHedge. View original post here.

Authored by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces) via SHTFplan.com,

For those who are skeptical about North Korea’s capabilities, there is an excellent article presented by The Hill, entitled How North Korea could kill 90 percent of Americans.”  The article is authored by none other than R. James Woolsey, former Director of the Central Intelligence Agency and by Dr. Peter Vincent Pry, the Executive Director of the EMP Task Force on National and Homeland Security and a former analyst with the CIA.

Although the President is moving forward with his agenda, he has hit a “stall” in these first two months just on repealing Obamacare: The Republican Party has been the stall, refusing to give him the necessary votes and impetus to overcome it.  As mentioned in previous articles, it will take the President at least 6 months before his actions and effectiveness can be assessed.  Six months is a long time.  In the meantime, the U.S. continues to emplace measures such as THAAD (Terminal High Altitude Aerial Defense) being deployed to South Korea.

China and Russia view it as an aggressive measure and a threat rather than a defensive strategy to protect South Korea and Japan.  This is partially correct.  The important thing to consider here is that North Koreans and their leader are starting to become more irate regarding the deployment of THAAD, the ongoing military exercises of U.S. and South Korean troops in the latter’s nation, and the demand by Japan for a first strike initiative to occur.

Here are some excerpts from the article that readers should keep in mind:

“The mainstream media, and some officials who should know better, continue to allege North Korea does not yet have capability to deliver on its repeated threats to strike the U.S. with nuclear weapons.  False reassurance is given to the American people that North Korea has not “demonstrated” that it can miniaturize a nuclear warhead small enough for missile delivery, or build a reentry vehicle for an intercontinental ballistic missile (ICBM) capable of penetrating the atmosphere to blast a U.S. city.

Yet any nation that has built nuclear weapons and long-range missiles, as North Korea has done, can easily overcome the relatively much simpler


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Weekly Market Recap Apr 2, 2017

Courtesy of Blain.

After the prior week’s relative “fireworks”, last week returned to the action we’ve seen much of 2017 – relative calm with an upward skew.  Very minor losses Monday and Friday book-ended 3 days of gains, with Tuesday being the one day where indexes moved significantly in any direction.  The S&P 500 gained 0.80% for the week and 5.5% for quarter 1.  Tuesday’s gains were buoyed by news consumer confidence in March soared to the highest level in more than 16 years, and U.S. house prices jumped to their highest in nearly three years.

We’ve been noting the lack of volatility in many of our weekly posts; to that end:

Stocks are coming off their least volatile quarter in decades with the Dow industrials averaging a 0.3% change per day, the most steady quarter since the fourth quarter of 1965, according to Dow Jones data. The S&P 500 also averaged a daily change of 0.3% during the quarter, its least volatile since the third quarter of 1967.

Apple had a good week as it jumped 2.1% Tuesday to close at a record $143.80 after a UBS analyst said he could see the stock rise another 22% in his “most likely scenario.”  It is worth noting as this stock is so influential on the NASDAQ which is currently outperforming the S&P 500.

You can see similar great action in NASDAQ heavyweights such as Facebook (FB) and Amazon (AMZN).

Here is the weekly “intraday” chart of the S&P 500 via Jill Mislinksi.

April is a great month for stocks; maybe it is all that last minute IRA money trying to get in before the annual deadline!

Over the past six decades, the Dow Jones Industrial Average has produced an average gain of 1.2% in the first half of April. The comparable average for the other 11 months is 0.2%.

China may have uncovered the largest gold mine in the country.

What is the Baltic Dry Index and should you care?

The week ahead…

A lot of interesting economic reports…
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UK Puts Nuclear Power Plants And Airports On Terror Alert Over “Credible” Cyber Threat

Courtesy of ZeroHedge. View original post here.

The global cyberwarfare scare washed ashore the British isles this weekend after UK nuclear power stations and airports were told to tighten defenses against terrorist attacks in the face of increased threats to electronic security systems, after intelligence agencies concluded terrorists could plant explosives in laptops and mobile phones that won’t be caught by normal security screenings.

The Telegraph reports that British security services issued a series of alerts in the past 24 hours, warning that “terrorists may have developed ways of bypassing safety checks.”

To be sure, there was no surprise as to the bogeyman behind the latest terror threat: intel agencies believe that ISIS and other terrorist groups have developed ways to plant explosives in laptops and mobile phones that can evade airport security screening methods.

What is perhaps surprising, is that it is this latest intelligence which is said to be behind the recent bans, in both the US and UK, of travellers from a number of countries carrying laptops and large electronic devices on board. Furthermore, “there are concerns that terrorists will use the techniques to bypass screening devices at European and US airports.”

There are also fears that computer hackers were trying to bypass nuclear power station security measures. Government officials have warned that terrorists, foreign spies and “hacktivists” are looking to exploit “vulnerabilities” in the nuclear industry’s internet defences. Energy minister Jesse Norman told The Telegraph that nuclear plants must make sure that they “remain resilient to evolving cyber threats”.

Norman said: “The Government is fully committed to defending the UK against cyber threats, with a £1.9 billion investment designed to transform this country’s cyber security.”

He said the civil nuclear strategy published in February sets out ways to ensure that the civil nuclear sector “can defend against, recover from, and remain resilient to evolving cyber threats”.

Meanwhile, back in the US, intelligence officials have warned that groups including ISIS and al-Qaeda may have developed ways to build bombs in laptops and other electronic devices that can fool airport security. There are fears that terrorists made the breakthrough after obtaining airport screening equipment to allow them to experiment. FBI experts have tested how the explosives can be hidden inside laptop battery compartments in a way that allows a computer


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Bond Bears Battered As March Saw Biggest Short-Covering In 10Y Futures History

Courtesy of ZeroHedge. View original post here.

Bond bears covered over 340,000 10Y futures contracts in March – more than $34 billion notional Treasuries – making it the biggest short-squeeze in Treasury Futures history.

In fact, shorts covered across the entire yield curve complex… except for the every short-end…

Net Treasury futures shorts are now back to the lowest levels since early December 2016 but traders continue to pile into the short-end betting massively on further rate hikes as Eurodollar shorts push on beyond $3 trillion…

Seeingly betting on the continued “policy error” collapse of the yield curve…

This was not a surprise to Raoul Pal who explains “Why Everyone’s Got It Wrong on Bonds”

Raoul Pal is the man who correctly called the strong dollar in late 2014.

And the crash in oil prices in 2014.

And the fall in emerging markets.

And the fall in junk bonds.

He is the man who wrote ‘The End Game’ which is the most widely read financial article in the history of the internet.

He’s also the person who writes The Global Macro Investor, an original research service for a hand-picked selection of hedge funds, family offices, sovereign wealth funds and other high-end investors. Not to mention he has a background in co-managing the Goldman Sachs hedge fund sales business in equities and equity derivatives. As well as founding and managing a macro hedge fund for GLG Partners, one of the world’s largest hedge fund firms.

It might not surprise you to know that Raoul retired at 36 and now lives in a beach house on the tropical island of Little Cayman in the Caribbean.

(That’s what happens when you get the big calls right).

Today, he is predicting that the biggest ever short positions in the bond market are about to be proven wrong.

Pal believes investors are looking the other way, with the economy likely to do the opposite of what people expect. In this exclusive presentation, Real Vision co-founder and writer of the elite research service, The Global Macro Investor, he explains why everyone’s wrong on bonds and why they are probably wrong on the dollar too – outlining two trades with a great risk reward and a high probability of success. 

While the market narrative is one of reflation and


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To really help US workers, we should invest in robots

 

To really help US workers, we should invest in robots

Courtesy of Nikolaus CorrellUniversity of Colorado

Image 20170206 27204 1haiu34

University students experiment with human-robot interaction and autonomous manipulation, two elements of manufacturing’s future. Nikolaus Correll, CC BY-ND

America’s manufacturing heyday is gone, and so are millions of jobs, lost to modernization. Despite what Treasury Secretary Steven Mnuchin might think, the National Bureau of Economic Research and Silicon Valley executives, among many others, know it’s already happening. And a new report from PwC estimates that 38 percent of American jobs are at “high risk” of being replaced by technology within the next 15 years. The Conversation

But how soon automation will replace workers is not the real problem. The real threat to American jobs will come if China does it first.

Since the year 2000, the U.S. has lost five million manufacturing jobs. An estimated 2.4 million jobs went to low-wage workers in China and elsewhere between 1999 and 2011. The remainder fell victim to gains in efficiency of production and automation, making many traditional manufacturing jobs obsolete.

Though more than a million jobs have returned since the 2008 recession, the net loss has devastated the lives of millions of people and their families. Some blame robotics, others globalization. It turns out that those forces work together, and have been equally hurtful to manufacturing jobs. The car industry, for example, imports more and more parts from abroad, while automating their assembly in the U.S.

As a robotics researcher and educator, I strongly advocate that the best way to get those jobs back is to build on our existing strengths, remaining a leader in manufacturing efficiency and doing the hard work to further improve our educational and social systems to cope with a changing workforce. Particularly when looking at what’s happening in China, it’s clear we need to maintain America’s international competitiveness, as we have done since the beginning of industrialization.

Chinese competition

In 2014, China exported more, and more valuable, products than the U.S. for the first time. Many of these were made by…
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Why there’s more to fixing health care than the health care laws

 

Why there's more to fixing health care than the health care laws

Courtesy of George WangColumbia University Medical Center

Image 20170328 3815 6i601h

Family practicing mindfulness together. From www.shutterstock.com

There is so much debate currently about how best to provide health insurance coverage in our country that we risk losing sight of what it really means to be healthy and of how health care should be optimally provided. The Conversation

The World Health Organization defines health as “a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity.” For the most part, the current health care delivery system conceptualizes disease as derangement in one part or a few parts of the human body, which is likened to a machine with smaller and smaller fixable parts.

Disease treatment in conventional medicine primarily relies on the use of medications or invasive interventions to treat the dysfunctional body part(s). It generally does not address the health of the whole person at the root level. Such a peripheral approach to health care overlooks the fundamental causes of disease and misses opportunities to realize true healing and health.

To achieve truly successful health care, we need to emphasize the primacy of healing the whole person on a fundamental level. This will catalyze a paradigm shift in the way health care is provided and consumed. Research has shown that such an integrative medicine approach, which considers the mind-body connection, lifestyle choice, social and environmental influence, individuality of body constitution and the therapeutic relationship, not only yields good health outcomes but is cost-effective as well.

As a professor of medicine and a practicing geriatrician and integrative medicine physician, I see on a regular basis the inadequacies of the current medical paradigm in addressing the chronic conditions often observed in aging. But I am inspired, as often, by the power of a whole-person approach to health restoration and creation.

Evidence expands on benefit of mind-body connection

Modern medical advances have led to the discovery of lifesaving therapies. However, for most people with chronic medical conditions, is taking daily multiple medications the optimal long-term solution to maintain health?…
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This Economy Is Ruined For Many Americans

Courtesy of ZeroHedge. View original post here.

Authored by Wolf Richter via WolfStreet.com,

Those who lost out on the Fed’s “wealth effect.”

Here’s a mystery: Has this “wealth-effect” economy that the Fed so beautifully engineered since the Financial Crisis gotten a lot riskier, scarier, and uglier in some profound ways for lower-income Americans, those making $30,000 or less a year?

One of the questions that Gallup posed was this:

Next, I’m going to read a list of problems facing the country. For each one, please tell me if you personally worry about this problem a great deal, a fair amount, only a little, or not at all? First, how much do you personally worry about –

Then came 13 issues, including “hunger and homelessness.”

Turns out, among Americans making $30,000 or less a year, 67% worry “a great deal” about hunger and homelessness! Food and shelter, two of the most basic human needs. That’s the highest percentage ever in Gallup’s data series on this question going back to 2001.

It’s up from 52% in 2001/2004; up from 56% in 2007/2008; and up from 51% in 2010/2011.

Median annual household income in February was $58,714, according to Sentier Research. On an inflation-adjusted basis, this was about flat with February 2016 and below February 2000. Median income means 50% make more and 50% make less. Other studies have shown that incomes have risen sharply at the upper end of the spectrum, but have fallen at the lower end, with the gap widening. Thus the median might have stagnated, but for many of those below the median, things haven’t turned out so well. And there are a lot of them!

With the prices of stocks, homes, art, classic cars, commercial real estate, and the like inflated to dizzying heights after eight years of radical monetary policies, why would these folks, making $30,000 or less – worry more than ever about such basic and dreadful conditions?

More on that in a moment. There are other elements in this mystery: Even among people making $30,000 to $75,000, a record 47% worry “a great deal” about hunger and homelessness, up from 40% in 2010-2011. And even among high-income Americans, the percentage, though small, has risen (chart by Gallup):

Rising worries about hunger and homelessness can have a number of


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Zero Hedge

Johns Hopkins, Bristol-Myers Face $1 Billion Suit For Infecting Guatemalan Hookers With Syphilis 

Courtesy of ZeroHedge. View original post here.

A federal judge in Maryland said Johns Hopkins University, pharmaceutical company Bristol-Myers Squibb and the Rockefeller Foundation must face a $1 billion lawsuit over their roles in a top-secret program in the 1940s ran by the US government that injected hundreds of Guatemalans with syphilis, reported Reuters.

Several doctors from Hopkins an...



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Phil's Favorites

This Is The One Chart Every Trader Should Have "Taped To Their Screen"

Courtesy of Zero Hedge

After a year of tapering, the Fed’s balance sheet finally captured the market’s attention during the last three months of 2018.

By the start of the fourth quarter, the Fed had finished raising the caps on monthly roll-off of its balance sheet to the full $50bn per month (peaking at $30bn USTs, $20bn MBS, although on many months the (balance sheet) B/S does not actually shrink by this full amount which depends on the redemption schedule) and by end-Q4 markets also experienced some of the largest volatility and drawdowns in nearly a decade.

As Nomura&...



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ValueWalk

The Competition For Capital Has Made Stocks Cheap

By Michelle Jones. Originally published at ValueWalk.

The new year is upon us, and now is the time many investors look at what 2018 was and prepare for what 2019 might be. Recession jitters are starting to pick back up again, especially now that the full picture of 2018 is in the books. But what if you could pick only one theme for 2018? Jefferies strategist Sean Darby and team have a suggestion which is especially timely given that it appears to mark the end of an era.

StockSnap / PixabayVolatility carries into the new year

This past year was one of extremes, and the markets ended i...



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Kimble Charting Solutions

Stock declines did not break 9-year support, says Joe Friday

Courtesy of Chris Kimble.

We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an end.

The first part of the “stocks take an escalator up” seems to still be in play as well despite the swift decline of late.

Joe Friday Just The Facts Ma’am- All of these indices hit long-term rising support on Christmas Eve at each (1), where support held and rallies have followed.

If you find long-term perspectives helpf...



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Digital Currencies

Transparency and privacy: Empowering people through blockchain

 

Transparency and privacy: Empowering people through blockchain

Blockchain technologies can empower people by allowing them more control over their user data. Shutterstock

Courtesy of Ajay Kumar Shrestha, University of Saskatchewan

Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.

Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be erased or falsified. The...



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Insider Scoop

Cars.com Explores Strategic Alternatives, Analyst Sees Possible Sale Price Around $30 Per Share

Courtesy of Benzinga.

Related 44 Biggest Movers From Yesterday 38 Stocks Moving In Wednesday's Mid-Day Session ...

http://www.insidercow.com/ more from Insider

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...



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Members' Corner

Why Trump Can't Learn

 

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

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



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Biotech

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 www.shutterstock.com

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.

...

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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...



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OpTrader

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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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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