Archive for 2017

Rust Belt No Longer: Chemical Plants Bringing Manufacturing Jobs Back to Youngstown

By insidesources. Originally published at ValueWalk.

Youngstown, Ohio–Youngstown seems like the heart of the rust belt, a former steel town with a strong union presence that saw massive job losses after changing economic conditions forced the closure of manufacturing plants in the 1970s.  Industry is returning to Youngstown, however–it just looks a little different. Instead of the steel pipes and raw materials the area produced before, manufacturers are instead looking at the area as a perfect location for chemical manufacturing. This, in turn, is boosting hiring in the area.

Royal Dutch Shell is building a $6 billion cracker plant 40 miles south of Youngstown in Monaca, Pa. In addition, PTT Global, a Thai company, is considering a similar scale project in Belmont County. Plants of this scale will create thousands of construction jobs for a two to three year period, and hire a 600 person staff once completed.

natural gas power plants

anita_starzycka / Pixabay

These figures don’t include the thousands of jobs necessary to bring the various new plants on line. The Shell cracker plant alone is predicted to provide temporary work for more than 6,000 tradesmen and take 18 months to construct.

“This plant will have serious ramifications for our supply chain companies, especially in plastics and petrochemicals,” says Guy Coviello, vice president of governmental affairs at the Youngstown-Warren Regional Chamber of Commerce.

“The new cracking plants will provide lots of opportunities to attract plastics, petrochemicals, and anybody who wants to be somewhere where the energy to operate a factory is abundant and low-cost, and in a place where there is lots of water for industrial use and great transportation infrastructure, close to major population centers,” he continued.

Already this has caused the employment market to pick up. The Area Chamber of Commerce has partnered with local television stations to highlight different career opportunities that do not require a bachelor’s degree. The same hiring growth has been seen in union jobs.

“All of our local unions are growing and adding members to keep up with the demand that oil and gas has brought to the region,” says Dorsey Hager, executive secretary-treasurer of the Columbus/Central Ohio Building & Construction Trades Council, who is enthusiastic about the benefit the new plants will have for the local economy.

Hager, who represents 18,000 workers in several different construction trades including pipefitting, welding, and general laborers, says that the abundance of natural gas in…
continue reading





CNN Executive Editor Demands To Review All Future Russia-Related Stories…”No Exceptions”

Courtesy of ZeroHedge. View original post here.

After another in a string of embarrassing screw-ups, CNN is reportedly implementing a policy change to strengthen oversight of stories involving Russia, according to a Buzzfeed News report.

Buzzfeed obtained an email sent by CNNMoney executive editor Rich Barbieri outlining the network’s new rules. The email, which went out at 11:21 a.m. on Saturday said “No one should publish any content involving Russia without coming to me and Jason,” a CNN vice president.

“This applied to social, video, editorial, and MoneyStream. No exceptions,” the email added. “I will lay out a workflow Monday.”

The new restrictions also apply to other areas of the network — not just CNNMoney, which wasn’t involved with the article that was deleted and retracted. Buzzfeed said CNN didn’t immediately return a request for comment or answer questions about what the previous workflow was.

In wake of story retraction, CNNMoney exec editor sends memo to staff mandating all “Russia-related content” must be cleared by him or VP pic.twitter.com/2Y6QMZj1h5

— Jon Passantino (@passantino) June 25, 2017

The initial story, written by none other than Pulitzer-Prize-winning reporter Thomas Frank, claimed that “Congress was investigating a Russian investment fund with ties to Trump officials.”

The story was perfect fodder for ‘The Left’, as it provided yet more ‘confirmation’ that Trump and his team were up to something nefarious involving the Russians…

Highlights included…

Scaramucci’s comments alarmed Democratic Senators Elizabeth Warren of Massachusetts and Ben Cardin of Maryland, who asked Mnuchin to investigate whether Scaramucci sought to “facilitate prohibited transactions” or promised to waive or lift sanctions against Russia.

Scaramucci disputed the story, and CNN eventually retracted it, saying only that it did not meet its rigorous ethical standards.

Scaramucci, for his part, has been a good sport about the incident. He even praised CNN for taking the story down, calling it a “classy move.”

.@CNN did the right thing. Classy move. Apology accepted. Everyone makes mistakes. Moving on. https://t.co/lyVajCKNHx

— Anthony Scaramucci (@Scaramucci) June 24, 2017

Of course, this isn’t the only screwup from CNN in recent memory: Earlier this month, the station published a story claiming that Comey would contradict President


continue reading





If We Want “Unity”… Government Must Become Weaker

Courtesy of ZeroHedge. View original post here.

Authored by Ryan McMaken via The Mises Institute,

Last week, a gunman opened fire on a group of Republican members of Congress. Letters sent by the gunman to his local newspaper suggest he was obsessed with Republican policies, and concluded that Donald Trump “Has Destroyed Our Democracy” [sic] and that “It’s Time to Destroy Trump and Co.” 

In the wake of the attack, there have been the usual predictable calls for “unity.” These calls, of course, fail to address a central reason why unity appears to be a problem, and why many feel the need to manufacture it where it does not exist. 

Fear of a “Foreign” Majority

In the wake of the 2016 election, it was not uncommon to read in both the mainstream media, and in social media, predictions that with a Republican victory, a fascist police state would soon be bringing the hammer down on all the enemies of the regime. In this case, “enemy of the regime” was anyone other than the alleged troglodytes who had voted Trump into office. 

Nine months later, we’re still waiting on that border wall and on that Obamacare repeal, and on that tax cut. In fact, all we’re likely to get is more government spending, more deficits, and more war. In short, the new administration will look a lot like the old one. 

Nevertheless, there are some significant changes that are likely to take place. The administration may refrain from forcing nuns to pay for someone else’s birth control, and environmental regulations are likely to be loosened. The general tenor of the federal government will shift slightly more toward favoring members of a center-right coalition of interest groups. The change, however, is anything but radical.

Nevertheless, any change that disfavors one’s own preferred interest groups and ideological groups is a real problem for those who find themselves on the outside of the winning coalitions. 

Many voters and activists who now feel powerless saw themselves as being in the majority ruling coalition while Obama was in power. Now that he’s been replaced by Trump, the fear of abuse at the hands of the new ruling majority shifts to others. 

While the consequences are probably less significant than many imagine, there will be real winners and losers over the next four years compared to what was the case under


continue reading





Assange Outlines The Six Reasons “Why The Democratic Party Is Doomed”

Courtesy of ZeroHedge. View original post here.

Julian Assange, a man who has certainly taken his fair share of the blame for Hillary’s loss last November, has just taken to Twitter to list out the 6 reasons why the “the Democratic party is doomed.”  

Why the Democratic party is doomed: 1. The Democratic establishment has vortexed the party’s narrative (cont) https://t.co/oSexJulCXS

— Julian Assange (@JulianAssange) June 25, 2017

Assange’s assessment is spot on and covers many of the themes we discuss on a daily basis.  To summarize, Assange asserts that the Democratic party essentially severed ties with the working class long ago due to their inability to craft a cohesive political agenda.  Identity politics subsequently took the place of a solid legislative agenda but that “short-term tactic has led to the inevitable strategic catastrophe of the white and male super majorities responding by seeing themselves as an unserviced political identity group.”

That said, in 2016, the failures of the Democratic party went well beyond an out-of-touch agenda as WikiLeaks managed to expose the outright corruption of the DNC and political elites that were, up until that point, held up as royalty.  But, rather than tuck tail and run, the political elites of the Democratic party have attempted to hold on to their power base by recklessly pushing the “Trump-Russian collusion narrative” which is a “political dead end.”

In the end, Assange suggests that “the Democratic base should move to start a new party since the party elite shows no signs that they will give up power.”

Here is the full explanation from Assange:

Why the Democratic party is doomed:

1. The Democratic establishment has vortexed the party’s narrative energy into hysteria about Russia (a state with a lower GDP than South Korea). It is starkly obvious that were it not for this hysteria insurgent narratives of the type promoted by Bernie Sanders would rapidly dominate the party’s base and its relationship with the public. Without the “We didn’t lose--Russia won” narrative the party’s elite and those who exist under its patronage would be purged for being electorally incompetent and ideologically passé. The collapse of the Democratic vote over the last eight years is at every level, city, state, Congressional and presidential. It corresponds to the domination of Democratic decision


continue reading





IceCap: Most Investors Aren’t Prepared To See What Is Behind Draghi’s Scheme To Delay The Inevitable

Courtesy of ZeroHedge. View original post here.

From Keith Decker of IceCap Asset Management

“The Beautician”

In 1888, Martha Matilda Harper became the world’s first professional beautician. In addition to inventing the first reclining shampoo chair, Ms. Harper became famous for opening the first ever, stand alone beauty salon.

Next up to dominate the industry was Elizabeth Arden. Her success was founded upon expanding the salon concept to 1000s of stores around the world, and for the distribution of her self made products, most notably lipstick.

Today’s top beautician is breaking the mold. His product and distribution are light years ahead of anything dreamed of by both Harper and Arden, and best of all he truly believes if he applies just the right amount of foundation, concealer and lipstick (especially lipstick), then he can make anything beautiful and attractive.

Up to this point, his business has been a self-declared, resounding success. His salon is in Frankfurt, Germany. His company has gathered over $5 billion in assets, and his clients total over 340 million people.

Yet recently, more and more people are realising that all isn’t as beautiful as meant to be. Cracks are building in the foundation, mascaras are running long, and worst of all, the lipstick has been smeared.

Mario Draghi’s days as both Beautician and President of the European Central Bank are starting to show their wear. While the headline news celebrates the outcome of France’s election, Europe’s governments and banks remain burdened in a financial struggle that even the very best lipstick cannot hide.

Two things are for certain.

  • One, underneath all the financial make-up applied by Mario Draghi remains a fractured, unworkable Eurozone system.
  • Two, the majority of investors around the world are not prepared to see what is truly behind Draghi’s scheme to delay the inevitable.

* * *

Darwinism

Chart 1 below details the evolution of the global financial system since the 2008-09 credit crisis.

The good news is that after 7 years of financial oppression, those who have not benefitted from extreme monetary stimulus, the playing field will once again be level for all players.

The bad news is that after 7 years of financial oppression, those who cannot recognise the risks that have accumulated, are about to be red carded right


continue reading





Key Senate Republicans Say No Healthcare Deal This Week

Courtesy of ZeroHedge. View original post here.

A handful of Republican senators took to the morning talk shows on Sunday to explain their reservations about the latest version of the Republicans’ bill to repeal and replace Obamacare. Sens. Susan Collins (R, Maine), Rand Paul (R Ky.) and Ron Johnson (R Wis.) all said they believe the bill won’t pass this week.

As we noted Thursday, at least five Republican lawmakers said they couldn’t support the bill – more than the two maximum defections that Republicans could afford, assuming none of the 46 senate Democrats and neither of the two independent candidates who caucus with them break ranks to vote for the bill. NBC’s Chuck Todd says that number could actually be as high as eight.

Two themes appear to have emerged. Moderates like Collins and Nev. Sen. Dean Heller fear backlash from their constituents related to cuts to Medicare that would reduce coverage for senior citizens, who typically vote in larger numbers than younger cohorts of the population.

Conservatives like Paul and Texas Sen. Ted Cruz believe the bill doesn’t go far enough to eliminate regulations that they say have helped drive up the cost of health care, and are rapidly pushing the US insurance market into a “death spiral” – a situation where most healthy people opt out of insurance markets because premiums have risen to unaffordable levels.

* * *

Appearing on ABC’s “This Week,” Susan Collins told host George Stephanopoulos that she was worried about the impact on elderly voters in her state who depend on Medicaid, though she hasn’t officially come out against the bill.

“ For my part, I’m very concerned about the cost of insurance for older people with serious chronic illnesses, and the impact of the Medicaid cuts on our state governments, the most vulnerable people in our society, and health care providers such as our rural hospitals and nursing home, most of whom are very dependent on the Medicaid program. So threading that needle is going to be extremely difficult.”

You can watch the rest of Collins’ appearance below:


ABC Breaking News | Latest News Videos

Paul, who was also on “This Week,” said the bill doesn’t do enough to prevent a death spiral, and instead tries to


continue reading





Weekly Market Recap Jun 25, 2017

Courtesy of Blain.

Relatively large moves Monday (up) and Tuesday (down) were followed by the small volatility the rest of the week that has marked almost all of 2017.  The NASDAQ jumped 1.4% Monday, the largest gain since Nov 7th as the relatively moderate selling the prior week was offset.

“Tech got beat up unfavorably over the past week or two, but as the group’s earnings remain strong, we expect buyers are coming in to take advantage of the depressed prices,” said Peter Lewis, a managing partner at Murphy Capital Management. “Tech valuations are probably nearly the high end of the band, but if earnings and merger activity keep going, that could bode well for the sector.”

Oil has quietly had a few rough weeks here; this is one steep decline since late May…

“Oil is not in short supply with U.S. producers drilling and pumping as soon as oil prices rise over $50. Meanwhile demand for oil and gas continues to decline as we get more efficient with our fuel consumption,” said Maris Ogg, principal at Tower Bridge Advisors.

“It looks like oil prices decoupled from the U.S. equity market as investors realize that lower oil prices are not a sign of weakening global demand and therefore economic slowdown, but rather it’s due to excessive supply from the U.S., Iran and Russia,” said Quincy Krosby, chief market strategist, at Prudential Financial.

But is no longer a big part of the market….

“The energy sector is now one of the smallest sectors comprising 6% of the S&P 500, and as such its impact on overall earnings is rather limited,” Ogg said.

Very interesting action in healthcare considering the uncertainty about legislation in Congress…. you’d almost think lobbyists writing advising on the bill are going to get a lot of goodies.  A “discussion draft” of the health-care bill aims to cut Medicaid and eliminate penalties for people who don’t buy insurance.

Biotech too… helped by hopes of “less regulation”

A New York Times report said President Donald Trump has drafted an executive order that would


continue reading





The Hidden Motives Of The Chinese Silk Road

Courtesy of ZeroHedge. View original post here.

Authored by YaleGlobal Online via OilPrice.com,

China’s Belt and Road Forum, hosted with great fanfare, signals the priority of this flagship connectivity initiative while also underlining its credentials as the new “shaper” of global trends and norms. Exhorting all countries to participate, Chinese President Xi Jinping suggested that “what we hope to create is a big family of harmonious co-existence.”

But India, an emerging economy that shares a contested border with China, worries about containment and new pathways for aggression from Pakistan. Other nations wonder if hegemonistic designs are hidden behind the rationality of connectivity and trade. The policy initiative aims to enhance China’s centrality in the global economic unilateral approach in how the project is conceived and implemented so far belies the rhetoric of multilateralism emanating from Beijing.

Taking inspiration from the ancient Silk Road trading route, China’s One Belt One Road initiative, or OBOR, hopes to link more than 65 countries, encompassing up to 40 percent of global GDP. Xi’s signature foreign paradigm – linking China to Asia, Europe and Africa via an ambitious network of ports, roads, rail and other infrastructure projects. Beginning in China’s Fujian province, the projected Maritime Silk Route passes through the Malacca Strait to the Indian Ocean, moving along the Red Sea and the Mediterranean, ending in Venice.

The scale and scope of OBOR is huge, with at least $1 trillion in investments. At the Shanghai summit, Xi announced an additional $124 billion in funding for OBOR, including $8.7 billion in assistance to developing countries. China, desperate to deflect criticism that OBOR is primarily an instrument for Chinese expansionism, managed to convince heads of 29 states and governments to participate in the summit, including Turkish President Recep Tayyip Erdo?an, Italian Prime Minister Paolo Gentiloni, Russian President Vladimir Putin and United Nations chief Antonio Guterres. Most western leaders sent representatives.

The West views this as a Chinese bilateral project being touted a multilateral venture. The outgoing president of the EU Chamber of Commerce in China complains that the OBOR has “been hijacked by Chinese companies, which have used it as an excuse to evade capital controls, smuggling money out of the country by disguising it as international investments and partnerships.”

The rest of the world is more receptive. Lavishing praise on China for the OBOR initiative while targeting


continue reading





Japan’s Bond Market Grinds To A Halt: “We’ll Go Days When No Bonds Trade Hands

Courtesy of ZeroHedge. View original post here.

The Bank of Japan may or may not be tapering, but that may soon be moot because by the time Kuroda decides whether he will buy less bonds, the bond market may no longer work.

As the Nikkei reports, while the Japanese central bank ponders its next step, the Japanese rates market has been getting “Ice-9ed” and increasingly paralyzed, as yields on newly issued 10-year Japanese government bonds remained flat for seven straight sessions through Friday while the BOJ continued its efforts to keep long-term interest rates around zero. 

The 10-year JGB yield again closed at 0.055%, where it has been stuck since June 15m and according to data from Nikkei affiliate QUICK, this marks the longest period of stagnation since 1994,

Because what comes after record low volatility? Simple: market paralysis. And that’s what Japan appears to be experiencing right now as private bondholders no longer dare to even breathe without instructions from the central bank.  Meanwhile, the implied volatility of JGBs tumbled to the lowest level since January 2008 for the same reason we recently speculated may be the primary driver behind the global collapse in volatility: nobody is trading. This means that trading in newly issued 10-year debt has become so infrequent that broker Japan Bond Trading has seen days when no bonds trade hands.

It’s not just cash bonds that find themselves in trading limbo: trading in short-term interest rate futures has also thinned and on Tuesday of last week the Nikkei reports that there were no transactions in three-month Tibor futures – the first time that has happened since such trading began in 1989.

The three-month Tibor, or Tokyo interbank offered rate, has not moved in the nine months since the end of September 2016. There were just a few trades last Friday, and it was only a matter of time until the number hit zero. The absence of volatility makes it hard to profit from bets on the direction of interest rates. Alternatively, the death of trading means volatility has crashed to all time lows.

Trading in even shorter-term contracts is also ebbing. The Tokyo Financial Exchange announced on Thursday that starting at the end of July it will suspend trading of futures based on Japan’s uncollateralized overnight call rate, the


continue reading





First India Bans Cash, Now It’s Targeting Gold

Courtesy of ZeroHedge. View original post here.

Authored by Jeff Paul via ActivistPost.com,

In November of last year, India banned certain cash notes in a bold move to force businesses into the banking system to better harvest more taxes from its livestock.

Now, under the guise of “improving transparency” and forming a “common market,” India has begun targeting gold with new taxes, regulation, and incentives for citizens to turn over their undeclared gold to the financial sector.

Roughly 86% of India’s economic activity happened in cash at the time much of it was banned. Presumably that includes the $19-billion-per-year retail gold industry. Again, it appears that India’s government (central bankers) wants a bigger cut of the action and to better track the private assets of citizens.

Bloomberg has been reporting that India’s government is teaming up with crony gold dealers to plan a complete revamp of its gold policy – which is always code for “control, regulate and tax.”

Bloomberg reports:

India, which vies with China as the top consumer of bullion, is working on new policies to improve transparency and help expand its $19 billion gold jewelry industry, according to people with knowledge of the matter.

The plans being worked out by the finance and commerce ministries along with industry groups should be finalized by the end of March, the people said, asking not to be identified because they aren’t authorized to speak publicly….

The start of a spot bullion exchange, to make gold supply more transparent and help enforce purity standards, is under consideration, the people said. An import tax of 10 percent could also be reduced as the government seeks to eliminate smuggling, they said. The plans also include a dedicated bank for the jewelry industry, according to one of the people.

The overhaul of India’s disorganized and fragmented gold jewelry industry is meant to bolster confidence among consumers, where the gifting of gold at weddings and festivals or its purchase as a store of value are deeply held traditions. Ensuring quality standards and allowing supply chains to be easily tracked are ways to enhance trust.

In addition to a 10% import tax on gold, which authorities admit causes smuggling, India recently placed a 3% nationwide goods and services tax on gold that goes into effect on July 1st.


continue reading





 
 
 

Zero Hedge

World Trade War I: US Asks South Korea To Join Anti-Huawei Campaign

Courtesy of ZeroHedge. View original post here.

The bilateral trade war between the US and China is gradually becoming a global trade war of global geopolitical and commercial dominance between the US and Chinese spheres of influence.

Shortly after the two largest mobile phone companies in the UK decided against launching Huawei-built 5G phones this morning, and roughly around the time a bevy of Japanese tech and telecom companies including ARM Holdings, Panasonic and SoftBank all imposed a boycott on supplying Huawei with mission critical components joining Australia, and New Zealand as major US allies to end commercial relat...



more from Tyler

Phil's Favorites

Overpriced tech IPOs sell grand visions but aren't worth their valuations

 

Overpriced tech IPOs sell grand visions but aren't worth their valuations

rblfmr / Shutterstock.com

Courtesy of John Colley, Warwick Business School, University of Warwick

The year of the tech IPO is 2019. Uber went public on May 10 with a US$82.4 billion valuation. Fellow ride-sharing app Lyft floated in March with a U$24 billion valuation and Pinterest had a US$10 billion IPO in April...



more from Ilene

Kimble Charting Solutions

Emerging Markets About To Submerge If 3-Year Support Breaks?

Courtesy of Chris Kimble.

Are Emerging Markets about to “Submerge” and head a good deal lower? What they do at (3) will go a long way in answering this question!

Emerging Markets ETF (EEM) has been lagging the broad market for the past 15-months. They hit their 50% retracement level of the last year’s highs and lows and falling resistance at (2) recently. The weakness of last has EEM trading below its 200-MA line.

EEM has spent the majority of the past 3-years inside of rising channel (1), which reflects that this trend remains up. The weakness of late has it testing the bo...



more from Kimble C.S.

Insider Scoop

Amgen To Buy Danish Collaborator Nuevolution For $167M

Courtesy of Benzinga.

Amgen, Inc. (NASDAQ: AMGN) took a logical step forward in buying a preclinical biotech it has been collaborating with since 2016. 

What Happened

Amgen announced Wednesday an agreement to buy Copenhagen-based Nuevolution for $167 million.

Th...



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

Chart School

Weekly Market Recap May 18, 2019

Courtesy of Blain.

China – U.S. trade talk continued to dominate the week.   A heavy selloff Monday was followed by 3 up days, with Friday moderately down.

On Monday, Chinese officials announced retaliatory tariffs against the U.S., hitting $60 billion in annual exports to China with new or expanded duties that could reach 25%.

Then on Wednesday:

The Trump administration plans to delay a decision on instituting new tariffs on car and auto part imports for up to six months, according to media reports.

...

more from Chart School

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 ...



more from Bitcoin

Biotech

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

...



more from Biotech

ValueWalk

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 ...



more from ValueWalk

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...



more from Our Members

Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

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...



more from M.T.M.

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 ...



more from OpTrader

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

...

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 >>