Archive for June, 2018

In San Francisco, Families Making $117,000 Qualify For Low-Income Housing

Courtesy of ZeroHedge. View original post here.

Shortly after officials revealed that San Francisco had become the first US city to mandate a $15 minimum wage in accordance with a law passed in 2014 – and just in the nick of time, too. Because home prices in San Francisco have risen so rapidly that Business Insider reported Saturday that applicants for affordable hoping qualify for affordable housing in the city must earn less than 117,400  a year qualify for low-income housing in San Francisco and a few neighboring counties, according to a new report from the Department of Housing and Urban Development. To help put this in context, that number is just shy of the city's median income of $118,400.

SF

Here's more from BI:

To qualify for low-income housing in San Francisco County or the nearby San Mateo and Marin counties, a four-person household can make as much as $117,400 a year. The same goes for a one-person household raking in $82,200 a year.

That's the conclusion of a new report from the Department of Housing and Urban Development, which just released the 2018 thresholds for affordable housing across the US…the San Francisco metro area's threshold is just below the area's median family income of $118,400.

Housing costs in San Francisco have been increasing at a ludicrous rate: According to the S&P/Case-Shiller Home price index, which covers not just the city and county, but also includes four other Bay Area counties: Alameda, Contra Costa, Marin, and San Mateo, prices in the region increased by a YOY 10% as of April. However, others argue that the increase in home prices has been even more extreme For example, Paragon Real Estate Group reported in April that prices in San Francisco had skyrocketed by an astounding 24% YOY, more than double the Case-Shiller estimate. This staggering jump has left the median home price in the city at an astonishing $1.6 million.

Of course, the new figures from the city's Department of Housing are hardly surprising: As BI reports, over the past several years, the Bay Area has been grappling with an affordable-housing crisis that has been exacerbated by the tech boom and a concomittant shortage of housing…
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Canadian Restaurant Destroyed On Yelp After MAGA Hat Incident

Courtesy of ZeroHedge. View original post here.

Trump-hating Canadians flooded the Yelp page of a restaurant with one-star reviews after a manager was fired for ejecting a man wearing a “Make America Great Again” (MAGA) hat, reports The Hill.

Canada’s NBC News reported that former manager Darren Hodge, who had worked at the Teahouse in Vancouver’s Stanley Park for 18 months, told the customer that he would not be served unless he removed his MAGA hat.

“As a person with a strong moral backbone, I had to take a stand against this guest’s choice of headwear while in my former place of work. Absolutely no regrets,” the former employee told CBC News.

The restaurant owners, meanwhile, say that the manager was fired because their actions “did not align with their policy of hospitality and inclusiveness.”

“[He] was aware what he was doing was probably contrary to our values and our philosophy as a company,” said the restaurant’s general manager. 

Angry Canadians were having none of it. A few of the one-star reviews: 

  • “Fired a manager for taking a stand against bigotry and white supremacy. Unbelievable!”

  • wearing a MAGA hat these days is the same thing as wearing a black swazstika arm band.”

  • I have enjoyed the Teahouse in the past. Recently the Teahouse fired a manager for refusing to serve an American tourist who was wearing a Make America Great Again. I support that manager 100%. He was right in refusing to serve someone wearing an offensive hat that has become symbol of racism and is very offensive to Canadians.

Oddly, Yelp hasn’t removed the politicized reviews as they often do in similar situations.

The MAGA hat, at this point, might as well be a swastika. If @The_Teahouse is good with that type of customer, well, enjoy em I guess. https://t.co/vE4PVdZdes

— Andray 🏳️‍🌈 (@andraydomise) June 30, 2018

The “damned if you do, damned if you don’t” situation the Treehouse finds itself in follows an incident at a Virginia restaurant last week in which the owner of the Red Hen kicked out White House press secretary Sarah Sanders. 

In that instance, Trump supporters flooded the Red Hen website with one-star reviews – which Yelp, in a statement, told the Red Hen it was actively working to remove.

We wonder if the Treehouse will receive the same support? 





These Are The Cheapest “Market Shock” Hedges Right Now

Courtesy of ZeroHedge. View original post here.

With the “smart” money (as defined by Don Hays) exiting the stock market in droves, yield curves collapsing (now with extra help from a “Twisting” ECB), extreme speculative positioning in bonds, and a dramatically diverging economic reality from market market narratives, the possibility of a crash – Fed triggered or not – is rising. Do ‘they’ know something the “dumb money” does not?

And with everyone still the same side of the rates boat…

… while Bank of America is warning that the current market feels ominously similar to that right before the 1998 Asia Crisis and LTCM blow up…

… the question is – what’s the cheapest way to hedge against a crash scenario?

Bank of America’s Jason Galazidis has some answers for traders looking for some protection. The screen below shows that the hedges, ranked by the average, which are most underpricing historical drawdowns are Gold calls, EUR 10y receivers and TLT (US 20y+ Treasury) calls:

EUR 10y receivers and TLT calls screen as the best value hedges after Gold calls. Interestingly, USD 10y receivers screen materially richer owing to increased demand on heightened US trade tensions.

HSCEI puts are the second best screening equity hedge after RDXUSD (Russia) puts despite the HSCEI being the worst performing equity index in our screen (YTD peak vs. current levels).

EU Credit payers have richened remarkably over the last few months, particularly in IG, following the extreme widening in EU-periphery bond spreads in May. Our credit derivatives strategists note that the richening of downside tails in credit (payer skew) reached 8y extremes driven by heavy hedging demand.

As a reference, the table below shows the largest drops (or gains in the case of GLD, gold, Euro and US 10Y and TLT as designated with **) within 3 month in each asset class between ‘06 and ‘17, ranked in the same order as the assets in the chart above. The table shows that gold not only has a high vol delta but is consistently one of the best performing assets during crisis times.

And so – once again – the precious metal regains ‘most-favored-nation’ status as the world’s emerging markets collapse and economic reality washes ashore on the banks of the river-of-excess-debt.

Since the middle of…
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Levying GST on all packages is complicated and risky for everyone involved

 

Levying GST on all packages is complicated and risky for everyone involved

File 20180628 112607 6rg9j0.jpg?ixlib=rb 1.1

Amazon has restricted Australians’ access to goods from its American site because of the GST reforms. Shutterstock

Courtesy of Kathryn James, Monash University

If like most Australians you have an online shopping habit, then as of this Sunday you will likely pay 10% more for any goods you have delivered from overseas suppliers.

The reforms rely on local and overseas businesses and platforms (such as eBay and Alibaba) that make more than A$75,000 worth of annual sales in Australia to collect Goods and Service Tax on sales of imported goods worth A$1,000 or less, and then pass on that revenue to Australian authorities. Australia is the first country to require offshore suppliers to collect GST.

Once a platform reaches the A$75,000 threshold, any business making sales to Australian consumers through that platform will need to charge GST regardless of its size.

However, the complexity of the reforms might jeopardise the necessary cooperation of overseas businesses, and place consumers at risk of paying wrongly charged GST. It could also leave governments locked in to an ineffective way of collecting GST on imported goods.

The government’s own estimates suggest that, after taking into account exclusions and non-compliance, the reforms will capture only half of all eligible sales. This will generate modest revenues of A$300 million over the first three years.

Why the reforms?

There are several good reasons to extend GST to goods bought by Australian consumers from overseas suppliers.

Much has been made of the need to “level the playing field” between domestic retailers (who collect GST on all eligible sales) and overseas retailers (where GST is charged only on sales over A$1,000).

At a more basic level, as a tax on household consumption, the GST should tax the purchases of final consumers. Therefore all imports should be taxed under a GST, as this is where the goods will most likely be consumed.

The choice to not tax imports of low-value goods was made for a practical reason – the cost of customs authorities collecting the GST at the border could outweigh…
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Senate Votes To Legalize Hemp After 80 Years Of Prohibition

Courtesy of ZeroHedge. View original post here.

Authored by Carey Wedler via Steemit.com,

On Thursday, the U.S. Senate approved a bill to legalize hemp, an industrial crop that has been banned for decades.

In April, Senators Mitch McConnell (R-KY), Rand Paul (R-KY), Ron Wyden (D-OR), and Jeff Merkley (D-OR) submitted a separate bill to legalize hemp, and those provisions were then incorporated into the broader farm bill. The Senate Committee on Agriculture, Nutrition and Forestry approved that version before the upper house of Congress voted to approve it this week by a margin of 86-11. The bill would legalize the cultivation, processing, and sale of hemp.

"Consumers across America buy hundreds of millions in retail products every year that contain hemp," McConnell said Thursday.

"But due to outdated federal regulations that do not sufficiently distinguish this industrial crop from its illicit cousin, American farmers have been mostly unable to meet that demand themselves. It's left consumers with little choice but to buy imported hemp products from foreign-produced hemp."

According to Wyden:

Legalizing hemp nationwide ends decades of bad policymaking and opens up untold economic opportunity for farmers in Oregon and across the country.”

Hemp is a versatile crop that can be used in everything from construction material to clothing, and it has long been a staple in the United States and around the world. In fact, in the 17th century, the government encouraged people to grow it.

Though hemp was eventually banned amid the widespread attack on cannabis in the 1930s, ironically, it then had to be imported to sustain the war effort during World War II.

Farmers across the country have expressed relief and excitement that hemp has come this close to legalization.

“It’s super big,” Dani Billings, who owns LoCo farms in Longmont Colorado, said, as reported by an NBC affiliate station in Colorado . “We have people who understand agriculture, that understand this is for farming and it’s not to get people high.”

Bruce Perlowin, CEO of NC-based Hemp Inc., which worked with veterans, said in a press release:

“With Veteran Village Kins Community B-Corporations set up


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What’s Really Wrong With The US Equity Business?

Courtesy of ZeroHedge. View original post here.

Authored by Nicholas Colas via DataTrekResearch,

Prior to starting DataTrek with Jessica, I spent +30 years in the equity business, first in fund operations, then stock research, hedge funds, and finally writing market strategy for a brokerage firm. That time span represents an entire cycle for “Wall Street” as a business, from starting up a handful of mutual funds that charged 8% loads in 1984 to trading stocks at 0.2% commissions for ETFs that charge 0.04%. It has truly been the proverbial “Long strange trip”.

There are many causes for this downward slide, and each carries a well-worn narrative. A few standouts:

  • Declining asset management fees: Passive investing has seriously dented the popularity of active management, which has admittedly struggled to consistently outperform in the last 20 years of equity market volatility.
  • Lower sell side research margins: Wall Street analysts were hurt by Reg FD and AC, which seriously limited their ability to get a non-public (but once legal) investment edge and deliver that to clients for a premium price.
  • Lower hedge fund profitability: Low barriers to entry allowed too many hedge fund startups, compressing fees for even truly talented managers.
  • Lower equity trading profits: Decimalization, market fragmentation, higher technology costs and long stretches of central bank-driven volatility suppression have killed desk profitability.

Now, equities are an optimist’s game, and there’s no shortage of hopeful narratives that argue we’re at a bottom for many of these trends. The Fed is cutting back on its balance sheet, so volatility will return and lift trading profitability. The next bear market will see investors come back to active management. Asset allocators are more selective now, so the best hedge funds will regain pricing power.

We prefer to consider the decline of the US equity business writ large (both buyside and sellside) through a different lens: long term US equity returns.These, after all, are what pay for the money management, trading, and research services Wall Street has to offer. It is a lot easier to justify higher fees if returns are strong. And essentially impossible to pass along most costs when they are not.

Here are the trailing 20-year compounded average returns for the
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Argentina Blew A Billion Dollars To Rescue The Peso On Friday… And Failed

Courtesy of ZeroHedge. View original post here.

Even Eva Peron would be crying…

The last 24 hours have not been great for Argentina.

First - despite endless jawboning about The IMF bailout and how it will secure the nation’s future and enable reforms, the currency collapsed to a new record low on Friday…

Second - the central bank decided to step in with their newly minted IMF funds and blew over a billion dollars to buy pesos, managing a very modest bounce (but ARS still closed down 3% on the day)

Third – IMF officials spoke with Argentina’s union leaders, warning of the social impact of the ongoing disruptions.

IMF spokesman Raphael Anspach confirmed Werner and Cardarelli’s participation in the call, which “reiterated the main elements of the IMF support to the government’s economic plans, including the measures aimed at supporting the most vulnerable in Argentine society.”

And union officials told the media that The IMF was not worried about the ongoing collapse:

“They are betting on a virtuous behavior by private investors, with the economy falling in the third and fourth quarters of 2018, but rebounding 1.5% in the first quarter of 2019″

“They were not worried about the flight of capital”

Fourth, and finally, and perhaps worst of all – Argentina is now out of The World Cup

A nation mourns.

Currently Argentina fans crying 😂😂 pic.twitter.com/gqAV4LVzTK

— Milky BacWoodz (@loufoq_) June 30, 2018





6 Things To Know About This Week’s CBO Report

Courtesy of ZeroHedge. View original post here.

Authored by Daniel Nevins via FFWiley.com,

Here are six things you might like to know about the Congressional Budget Office’s 2018 Long-Term Budget Outlook, which was released on Tuesday.

  1. The CBO’s baseline scenario shows federal debt held by the public rocketing upward at a trajectory not seen since 2009, but this time on a sustained basis and breaching 150% of GDP by 2048. Here’s the chart:

  1. In case GDP percentages are too abstract for you, we can translate into something more meaningful. Using the CBO’s own population and inflation figures, we convert the projections to dollar amounts per capita (in constant 2018 $), and then with figures from usdebtclock.org, we estimate dollar amounts per taxpayer. Here’s the adjusted chart:

  1. But the baseline scenario is two tads optimistic. First, it assumes the elimination of scores of tax breaks that in real life Congress extends every year-end, routinely, as if mailing the annual holiday cards. Second, the baseline-scenario economy runs more smoothly than Justify—labor productivity growth rises by over half a percent from the 1% pace of the last 12 years, and the average unemployment rate over the next 30 years drops to an all-time record low of 4.6%. (The lowest 30-year average on record is 5.1% from 1948 to 1977, and that result was weighed down by conscription during the Korean and Vietnam Wars.) Here’s a chart showing just how optimistic the CBO is with regard to the unemployment rate:

  1. If we construct an alternative scenario to allow the usual legislative “fixes,” while adding a moderate recession to the otherwise pristine economic outlook, we find that debt increases almost 50% faster than shown in the baseline. (You can find our analysis here.) For example, instead of breaching $200K per taxpayer in 2034 as in the chart above, debt breaches $200K per taxpayer as early as 2028. This won’t surprise our regular readers, since we’ve been producing our alternative debt scenario for six years now. But this time we have company—our scenario shows nearly the same 2028 estimates as the “business as usual” and “recession” scenarios produced recently by Goldman Sachs and summarized in this report by ZeroHedge (recommended).
  2. The CBO is increasingly warning of a potential fiscal crisis, as shown in the next


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Central Asia is the new economic battleground for the US, China and Russia

 

Central Asia is the new economic battleground for the US, China and Russia

File 20180629 117385 l1wiu.jpg?ixlib=rb 1.1

Shutterstock

Courtesy of Balihar Sanghera, University of Kent and Elmira Satybaldieva, University of Kent

As the threat of a trade war escalates between the US and China, all the talk has centred on the tariffs that each side might impose on the other. But another important battleground is in Central Asia where both are fighting for strategic control.

Central Asia offers an array of economic opportunities for major powers, including access and control of valuable natural resources, favourable terms of trade and efficient trade routes. In seeking to shape the region, the US, China and Russia are all trying to regulate the international order in their image. The region might be more commonly associated with danger and security interests, such as Islamic radicalism, but what gets ignored is the region’s role as a strategic economic battleground.

Central Asia is at the centre of two new initiatives for regional economic integration by China and Russia that run against a longstanding economic vision of the US.

Russia’s Eurasian Economic Union (EEU), was established in 2015. It consists of Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia, and is modelled on the European Union. There is free movement of goods, capital, labour and services, and common economic and industrial policies.

Second, China’s Belt and Road Initiative (BRI) was proposed in 2013 and aims to create a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes, such as the land and maritime Silk Road. Since then, many Central and South Asian countries have signed cooperation agreements with China to invest in energy and transport infrastructure.

China’s Belt and Road trade route. Shutterstock

Russia’s EEU and China’s BRI contrast with the dominant Washington Consensus model of free market economic thinking. This is promoted by US-backed international financial institutions, such as the International Monetary Fund. Since the collapse of the Soviet Union in 1991, neoliberal reforms have been standard economic prescriptions in Central Asia and other parts of the…
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It’s Time To Care Again About Gold & Silver

Courtesy of ZeroHedge. View original post here.

Authored by Adam Taggart via PeakProsperity.com,

Fundamentals and technicals are signaling extreme undervaluation…

It’s been a while since I’ve covered the precious metals in an article. They’ve been range-bound for much of the past year, with few notable sector developments to report.

But I feel compelled to write about them today for two reasons:

  1. The probability of an upwards re-pricing of the precious metals is rising, and

  2. Both gold & silver are quite over-sold right now, technically-speaking.

With technical and fundamental indicators flashing green simultaneously like this, now is an advantageous time to consider increasing your PM exposure (I did so myself yesterday).

The Human Factor

Before I go into further detail on the current conditions of the PM market, here’s a recent personal experience that underscores how few people have any real familiarity with gold & silver as an asset class, let alone own any (beyond, perhaps, a bit of jewelry).

A good friend moved and needed help transporting some bullion from his old town to his new one. Most of it was silver, several thousand ounces worth.

That much silver is pretty friggin’ heavy.

So we huffed and strained, hauling that load out of one bank vault, into his car, and from there into the vault at his new bank. While we did our best to be as discrete as possible, our sweaty, grunting 2-man production was hard for the bank staff to ignore.

Managers at both banks figured out what was going on, as it was pretty obvious. And both separately asked us out of genuine curiosity, “Is that real silver?”.

My friend briefly handed over a 100-oz bar so they could see for themselves, sparking conversations about the merits of owning physical bullion.

It turns out that neither manager had ever held a bar of silver before. This was pretty shocking to me. Even though they know that the safe deposit boxes in their own vaults very likely store some bullion, neither own it personally, nor even come into contact with it. It’s just not a part of their world.

Anyways, later on I mentioned this story to another buddy who shared my surprise. “Man, if the bankers aren’t familiar with silver and gold, then who the heck is?”, he asked. A very good question, I agreed.…
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Phil's Favorites

Negative Interest Rates Spread To Mortgage Bonds

Courtesy of John Rubino, DollarCollapse.com

There are trillions of dollars of bonds in the world with negative yields – a fact with which future historians will find baffling.

Until now those negative yields have been limited to the safest types of bonds issued by governments and major corporations. But this week a new category of negative-yielding paper joined the party: mortgage-backed bonds.

Bankers Stunned as Negative Rates Sweep Across Danish Mortgages

(Investing.com) – At the biggest mortgage bank in the world’s largest covered-bond market, ...



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Zero Hedge

Negative Interest Rates Spread To Mortgage Bonds

Courtesy of John Rubino, DollarCollapse.com

There are trillions of dollars of bonds in the world with negative yields – a fact with which future historians will find baffling.

Until now those negative yields have been limited to the safest types of bonds issued by governments and major corporations. But this week a new category of negative-yielding paper joined the party: mortgage-backed bonds.

Bankers Stunned as Negative Rates Sweep Across Danish Mortgages

(Investing.com) – At the biggest mortgage bank in the world’s largest covered-bond market, ...



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Insider Scoop

Jefferies Sees 60-Percent Upside In Aphria Shares, Says Buy The Dip

Courtesy of Benzinga.

After a red-hot start to 2019, Canadian cannabis producer Aphria Inc (NYSE: APHA) has run out of steam, tumbling more than 31 percent in the past three months.

Despite the recent weakness, one Wall Street analyst said Friday that the stock has 30-percent upside potential. 

The Analyst

Jefferies analyst ...



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Kimble Charting Solutions

DAX (Germany) About To Send A Bearish Message To The S&P 500?

Courtesy of Chris Kimble.

Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S...



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Chart School

Brexit Joke - Cant be serious all the time

Courtesy of Read the Ticker.

Alistair Williams comedian nails it, thank god for good humour! Prime Minister May the negotiator. Not!


Alistair Williams Comedian youtube

This is a classic! ha!







Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, ...

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Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control

 

Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...



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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

...



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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 ...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

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...



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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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