Archive for 2019

Ireland Declares Climate Emergency

Courtesy of Irina Slav of Oilprice.com

Ireland has declared a climate emergency, with Climate Action Minister Richard Bruton calling climate change the greatest challenge mankind is facing.

ITV quoted the minister as saying,

“We’re reaching a tipping point in respect of climate deterioration. Things will deteriorate very rapidly unless we move very swiftly and the window of opportunity to do that is fast closing.”

The move, which followed cross-party support to amendments to a climate action report drafted by the country’s parliament, made Ireland the second country in the world to declare a climate emergency after the UK. In the latter, the declaration followed crippling environmentalist protests in London that paralyzed parts of the city.

In its wake, an independent, government-appointed Committee on Climate Change recommended to the government such measures as reducing the consumption of meat and dairy products, changing the way farms do business, and making electric cars the only cars that people can buy starting in 2035. By 2050, according to the panel, the country should be greenhouse gas emission-free.

It looks like climate emergency declarations could become a trend: hours after media reported the Irish parliament’s vote for an emergency, the New Zealand Vegan Society issued a call for the government to declare a climate emergency.

“New Zealand is woeful in its protection of the environment, with many rivers and waterways polluted, in part due to excess dairying in particular regions. It shows that we are simply not doing enough to protect our part of the world,” the call read.

“It is the next biggest inconvenient truth… eating animals is causing habitat loss, driving climate change and the 6th mass extinction wave. What can we do? The answer is simple: go vegan and plant trees!” said a Vegan Society Aotearoa New Zealand representative, Claire Insley.

It is likely that more activism will follow elsewhere, and if persistent enough it would lead to more climate emergency declarations. The question remains, however, whether declarations would spur enough effective-immediately legislation that could effect a comprehensive energy demand change in whole nations.

Meanwhile, new renewable energy capacity additions have stalled, with growth in 2018 flat on the year, according to new figures from the International Energy Agency.





Why One Bank Thinks That Much More Market Pain Will Be Needed To Close Any Trade Deal

Courtesy of ZeroHedge. View original post here.

Futures are sharply lower again after the weekend failed to provide any substantive evidence that the "constructive" tone suggested by both Steven Mnuchin and Liu He on Friday was present, and in fact, soundbites from both president Trump and Chinese media indicated that the latest trade war escalation may last well into 2020 without a resolution, with China potentially waiting to see if Joe Biden is be elected president, helping to resolve the trade war.

Yet while we now know how and why the trade talks unraveled so fast thanks to a detailed expose by the WSJ, which reports that "U.S. and Chinese governments both sent signals ahead of their trade talks in Washington last week that a pact was so near they would discuss the logistics of a signing ceremony" but "in a matter of days, the dynamic shifted so markedly that the Chinese deliberated whether to even show up after President Trump ordered a last-minute increase in tariffs on Chinese imports because the U.S. viewed China as reneging on previous commitments", the question remains what this means for markets.

While there have been various "hot takes" on what the latest escalation means for risk assets, with many suggesting that a "no deal" outcome potentially triggering a plunge in the S&P below 2,600 and forcing the Fed to cut rates, one of the better assessments of the future state of capital markets as a function of the ongoing trade war, comes from Bank of America's chief economist Ethan Harris, who in "Once more to the brink" writes that his "long-standing view on the trade war is that the Trump Administration wants deals and will compromise, but only after it extracts the maximum concessions." To Harris, this is a pattern of big demands and moderate concessions that we have seen play out repeatedly. And this case is no different: both the US and China want a deal, "but motivating the inevitable compromise requires some combination of market, economic and political pain."


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Here Are The States With Most Student Debt

Courtesy of ZeroHedge. View original post here.

As stocks soar to all-time highs (ignoring fundamentals and a weak US macro outlook for 2H19), it's worth noting that millions of underemployed and over-indebted Americans (mostly millennials) are currently holding a total of $1.5+ trillion in federal student loan debt.

A total of 43 million Americans have student debt. The average household with student debt owes approximately $48,000 and more than 5 million borrowers are in default in 2019.

Millennials with no credit history and no guaranteed employment borrow tens of thousands of dollars through scheming loan programs by the US Department of Education.

Zerohedge has spent almost a decade covering the student debt crisis and has shared numerous reports that explain how the crisis has materially worsened.

A new study by LendEDU, revealed where Americans on a geological basis have the highest levels of student loan debt. Researchers examined data from 922 colleges and universities, including data from the graduating classes of 2007 through 2017.

The study found Pennsylvania, from 2007 to 2017, had the highest debt per borrower of $35,988, a 51.26% increase over the ten years. Rhode Island was number two, with debt per borrower at $35,371, a 44.48% increase over the ten years. Delaware ranked third on the list, had $34,144 of debt per borrower, a 98.51% increase over the decade. Utah, Nevada, and Alaska had the lowest debt per borrower, at an average of about $20,687 over the ten years.

The table below represents the percent change over the period of how the average percentage of grads with student loan debt changed in all states and Washington D.C. The most significant percentage increase over the decade was in Delaware, Hawaii, and Tennessee. 

The study illustrates how the average student loan debt per borrower changed in each state from 2007 to 2017 according to the percent value on a detailed map. It appears that most of the country has deadbeat millennials with insurmountable debt loads. 

Another map shows the difference in the percentage of graduates with student loan debt has changed from 2007 to 2017. It seems that the Mid-Alantic and East Coast saw the largest increases in debt load size per borrower. 

Overall student debt carried by Americans is not limited to one geopgrahic area. The report shows the problem is widespread and the country as a whole is a deadbeat nation. 





Visualizing 20 Years Of Quantum Computing Growth

Courtesy of Sarah Feldman, Statista

 

Rigetti, a quantum computing startup, is expected to release a 128-qubit computing system at some point in 2019, a major advancement in the quantum arena putting the field one step closer to achieving quantum advantage and supremacy. 

Quantum advantage refers to the moment when a quantum computer can compute hundreds or thousands of times faster than a classical computer, while quantum supremacy is achieved once quantum computers are powerful enough to complete calculations that classical supercomputers can’t perform at all. Building computing systems with higher qubits is the backbone of how quantum computing will achieve both end goals. The field is moving rapidly. In 1998, researchers at IBM, Oxford, Berkeley, Stanford, and MIT produced a 2-qubit computing system. By 2018 Google confirmed that it was able to produce a 72-qubit computing system. Rigetti announced it would be going further than that, releasing a 128-qubit system within the year. 

For the layperson, quantum computing still isn’t a household term. Quantum computing is a fairly new technology, first introduced in 1982. The fundamental difference between the computers and computing systems we interact with daily and quantum computing is the way information is processed on the backend. A traditional computer relies on a binary system, meaning the computer processes information using 0’s and 1’s. A bit is the smallest unit of data in a computer, and all data—the applications that are run, the images that appear—are translated into bits for the computer to understand and process. 

A qubit takes the idea of a bit of information, which can only exist in one state or another and can only be processed one bit at a time and complicates it by making it two-dimensional. Qubits can be processed simultaneously and exist in multiple states at the same time. That idea is called superposition and it means that qubits can hold a zero, a one, or any combination of both zero and one at the same time, giving them the potential to be exponentially faster and more efficient than binary systems. 

Our partners at BCI Summit are hosting a private event from May 10th to the 12th where C-suite investors, family offices and corporations active in the disruptive technology space can network and learn from each other as well as meet global founders. For registration information, sign up here: BCI Summit.

Infographic: 20 Years of Quantum Computing Growth | Statista

You will find more infographics at Statista





S&P Futures Tumble As Trade War Shows No Sign Of De-escalation

Courtesy of ZeroHedge. View original post here.

Following a weekend of escalating trade war bickering between the US and China, which showed no signs of any imminent de-escalation and contrary to Mnuchin's "constructive" assessment on Friday, hinted at what appears to be a lengthy trade war of attrition, S&P futures tumbled at the open of electronic trade on Sunday night, sliding as much as 1.1% before settling down around -0.9%, following the worst seek for stocks in 2019.

The ominous start to the new week of trading followed last week’s 2.2% drop in U.S. stocks which was biggest drop to date in the best start for bulls in over three decades. Still, putting the "plunge" in context, what was until the start of May an 18% gain in the S&P has shrunk to "only" 15% with the index just over 3%, or 65 points below its April 30 all time high of 2,945.83. As Bloomberg notes, tech stocks bore the brunt, with the Nasdaq 100 Index falling 3.3% and the Philadelphia Semiconductor Index losing 5.9%.

Quoted by Bloomberg, Miller Tabak strategist Matt Maley said that “five to seven percent pull-backs are normal in any rally, but they become almost inevitable when ‘new and negative news’ is introduced to a market that is over-bought and whose valuations have become extended.” He added that "investors should stop worrying about if the market will fall due to the trade war issue and figure out the (lower) levels at which they want buy more of their favorite names."

As we reported earlier, in the latest weekend developments, White House top economic adviser, Larry Kudlow, said higher tariffs assessed on Chinese goods would have minimal impact on U.S. jobs and growth, while admitting that “both sides will suffer” from the trade war. He also said that China has invited U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin back to Beijing, though no date has been set for new talks, and the most likely date for the next meeting between Trump and Xi would be the G-20 meeting in late June.

At roughly the same time, China's People’s Daily the U.S. should take full responsibility for trade-talk setbacks because it raised tariffs on China’s products, state television reported. China sought…
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‘Ever’ App Used Customers’ Private Images To Train Commercial Facial Recognition Software

Courtesy of ZeroHedge. View original post here.

A smartphone storage app that gives millennials "free, unlimited private backup of all their life's memories," has been quietly using billions of images of users' to train a commercial facial recognition system that it markets to the government, private companies, law enforcement, and the military, reported NBC News.

Ever hasn't addressed its facial recognition technology to the more than 11 million users in 95 countries, but has sold the software to multiple private companies. Ever was acknowledged by the National Institute of Standards and Technology (NIST) in November for placing No.1 in a facial recognition test.

Doug Aley Ever's CEO, told NBC that the technology company doesn't share users' photos or any private data with its facial recognition clients. He went on to say, Ever used the images to train an algorithm to recognize faces. Aley explained the company is transparent about its facial recognition practices – in the app's privacy policy section.

The ACLU tweeted Thursday about Ever's mishandling of its users' media content: "Companies shouldn't use people's private information to build surveillance tools without their consent."

While examining Ever's privacy policy, it does mention it uses facial recognition technology "to organize your Files and to enable you to share them with the right people, Ever uses facial recognition technologies as part of the Service. Your Files may be used to help improve and train our products and these technologies. Some of these technologies may be used in our separate products and services for enterprise customers, including our enterprise face recognition offerings, but your Files and your personal information will not be."

Ever app on the App store says "Never run out of photo storage again!" Ever ranked #1 in Productivity apps for iOS in 2016, according to App Annie. But has since been demoted after Google Photos and Dropbox gained a significant market share of the cloud storage industry. Nowhere in the…
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Bank of America Asks “Where’s My Melt Up Gone?”

Courtesy of ZeroHedge. View original post here.

One month ago, Blackrock's Larry Fink reincarnated the ghost of January 2018 past, when the CEO of the world's largest manager told CNBC that "we have risk of a melt up." While it wasn't quite clear why to Fink a melt up is risky, the last time the US stock market experienced the sheer, unbridled euphoria of price indiscriminate buying was January 2018 when just days later the S&P tumbled by 10% in the aftermath of the infamous Volmageddon blow up of levered inverse VIX ETNs.

Since then two things happened: the S&P did indeed stage a mini melt-up into the start of May, when the S&P hit a new all time high, only to suffer the worst week of 2019 immediately after, as global capital markets were rocked by the return of the US-China trade war.

It also prompted Bank of America's CIO, Michael Hartnett to ask "Where's my melt-up gone?"

As the BofA strategist writes in his latest Flow Show, the "risk pullback since May 1st highs follows furious rally, initiated by less-dovish PBoC/Fed, accelerated by trade trauma this week; peak-to-trough semis -10%, EM stocks -8%, oil -7% reflect fear that V-shaped recovery in equities & credit not being followed by V-shaped recovery in PMIs & EPS;" He also goes on to note that NASDAQ (8000) & Amazon ($2000) failed to break through 2018 highs.

But is the melt-up truly gone? The answer depend on who you ask: on one hand, the YTD Treasury bond volatility as measured by the MOVE index fell to an all-time low, 5-year Greek bond yields fell below US Treasuries, while the S&P500 surged 25% in 90 trading days, the fastest rally since the move off '09 low, helping global stock market cap soar by an epic $11.2tn.

And yet, as discussed every week since December, for various reasons, traders had very little conviction in this move which appears to have been driven by continued massive buybacks and bank dealer gamma hedging. As evidence look no further than the latest week fund flows, where as another $7.3 billion went into bonds, a whopping $20.5 billion was pulled  out of equities – the 3rd biggest outdlow YTD – driven by redemption from US ($14.0bn), EU ($2.5bn), EM…
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Taiwan Breaks Ground On First Submarine Factory Amid Invasion Threats From China 

Courtesy of ZeroHedge. View original post here.

Amid China's increasing military threat, Taiwan unveiled a miniature model of the country's first indigenous submarine at a groundbreaking ceremony Thursday, reported Focus Taiwan.

The self-governing island's President Tsai Ing-wen presided over the groundbreaking ceremony in Kaohsiung City, a large port city in southern Taiwan, that will be the central manufacturing facility for the new submarine.

"We must have concept and thinking of asymmetric warfare," Tsai said, referring to military maneuvers that will allow Taiwanese Armed Forces to thwart an invasion from China.

China views Taiwan as a breakaway territory that could be annexed in the early 2020s.

Lying just 120 miles from mainland China, Taiwan has been under a constant threat of invasion since splitting from the mainland in 1949. As China's President Xi Jinping modernizes the People's Liberation Army (PLA) in the last decade, war drills among both countries have been more frequent and could risk pulling the US into an armed conflict.

China operates a fleet of 75 submarines that patrol the Taiwan Strait and East/South China Sea.

On the other hand, Taiwan operates just four legacy submarines, as direct pressure from Beijing has prevented it from buying Western ships in the last two decades.

The new shipyard is expected to produce eight diesel subs, with the first one due in 2025.

The new submarine uses an X-form rudder system to enhance underwater maneuverability, reduce collision risk while docking and lower propeller noise for stealth missions, according to F. S. Mei, director of the U.S.-based Taiwan Security Analysis Center.

Ground broke last week at the new production plant, is expected to be completed in 2H20.

Defense Minister Yen De-fa announced in March that the contract design phase of the new sub had been completed.

The government has allocated NT$49 billion through 2025 to build the submarine to bolster Taiwan's defense capabilities.

Last April, the Trump administration distributed licenses to Taiwan for the transfer of American submarine defense technologies to be supported in the new vessels.

It seems that Beijing's pressure to halt weapon sales from other countries could backfire. Taiwan's indigenous submarine will most likely feature vertical launch silos for long-range missiles that could hit the mainland, giving the small island country a retaliatory strike capability in the event of war with China.





A Different Kind Of Wage Inflation Heralds This Cycle’s End

Courtesy of ZeroHedge. View original post here.

Authored by John Rubino via DollarCollapse.com,

Towards the end of long expansions (this one is the longest on record) things get tight. Factories operate flat-out and start raising prices. Good workers become harder to find and companies start competing for them with higher wages and other perks.

This story is about the “other perks” which, because they don’t show up in wages aren’t directly inflationary. But they do cost money, which means they shrink corporate profits nearly as much as would a big wage increase. From today’s Wall Street Journal:

Factories Tire of Wage Wars; Give Fridays Off, Spiff Up Bathrooms

Five years ago, entry-level candidates could expect to earn nine bucks an hour at a Haworth Inc. office-furniture factory. The economy was humming, but job growth was choppy, and wage gains anemic.

Things changed, though, as average unemployment in the counties where Haworth makes products like movable walls, desk chairs and storage cabinets tumbled from 6.3% in 2014 to 3.6% last year. Today’s newcomer makes $12.50 an hour.

Pay increases have become table stakes for those doing battle in this tight labor market. Consulting firm Mercer LLC found in a February study that the No. 1 human-resources risk executives face is excessive time required to fill open positions. The median cost to recruit an employee is $1,300, according to recent data.

If you’re a hiring manager and not prepared to pull out your pocketbook, prepare to suffer. And even if you are, prepare to suffer.

“This wage war isn’t winnable,” Ann Harten, Haworth’s human-resources chief, told me at the company’s Holland, Mich., headquarters. It’s simple arithmetic: Haworth’s revenue grows at about a 5% annual clip, trailing the approximately 8% in entry-level increases it has been dishing out.

The wage wars aren’t going away. As we chatted, a construction company offered jobs paying $13.50 an hour, a $500 signing bonus, benefits and a car to drive materials around the Grand Rapids area. A farm in nearby Zeeland offered $14 an hour to load turkeys into cages during the overnight shift.

Nonetheless, Haworth thinks it can respond without going broke, and a


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F-35 Crash That Grounded Fleet Caused By Manufacturing Defect

Courtesy of ZeroHedge. View original post here.

The cause of a September, 2018 F-35B crash in South Carolina was caused by a manufacturing defect in a fuel tube made by a United Technologies subcontractor, according to Bloombergciting congressional investigators. 

The defect "caused an engine fuel tube to rupture during flight, resulting in a loss of power to the engine," according to the Government Accounting Office in a an annual assessment of major weapons systems released this week. 

The September 28, 2018 crash near the Marine Corps Air Station Beaufort was the first in the nearly two-decade history of the F-35 program, and resulted in the temporary grounding of the entire fleet of next generation aircraft. 

While the pilot safely ejected, the incident caused concern among US allies who are buying the aircraft, including Italy, Australia and Turkey. 

The Pentagon told the watchdog that it identified 117 aircraft — about 40 percent of the worldwide F-35 fleet at the time — with the same type of fuel tubes that had to be replaced.

The disclosure was the first official information about the crash since the Pentagon program office in late October issued a status statement while the Marine Corps was still conducting its investigation. United Technologies Corp.’s Pratt & Whitney unit “is fully responsible” for “the propulsion system and has the lead in working” the failure analyses, according to the statement at the time. -Bloomberg

A Pentagon spokeswoman for the F-35 program deferred questions to Pratt & Whitney - which had no comment. 

According to Marine Corps spokesman Captain Chris Harrison, the crash probe is ongoing, and the results will be released upon completion. All of the fuel supply tubes on affected aircraft have been replaced. 

"We continue to strive each and every day to ensure the safety and readiness of our aircraft," said Harrison. 

Bloomberg, however, notes…
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Zero Hedge

Trash Wars: Duterte Orders Tons Of Garbage Shipped Back To Canada Or Dumped In Territorial Waters

Courtesy of ZeroHedge. View original post here.

Outspoken Philippines President Rodrigo Duterte has ordered that containers carrying trash from Canada should be shipped back to the country. It is the latest chapter in a disagreement over more than 100 containers of trash that were shipped to the Philippines between 2013 and 2014, illegally, by a Canadian company. 

Canada had previously agreed to take the trash back, but has been slow in making arrangements for its return. Duterte threatened to leave the trash in Canadian waters if Ottawa refuses to take it back, according to Salvador Panelo...



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Phil's Favorites

Animal Spirits: The Absence of Stuff

 

Animal Spirits: The Absence of Stuff

Courtesy of 

Mention Animal Spirits to receive 20% off from YCharts (*New YCharts users only)

Stories Discussed

Best graduation ever

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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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Insider Scoop

55 Biggest Movers From Yesterday

Courtesy of Benzinga.

Gainers
  • Obalon Therapeutics, Inc. (NASDAQ: OBLN) shares jumped 233.3 percent to close at $1.30 on Wednesday after the company reported expanded data from a large scale commercial use study that was presented at the Digestive Disease Week.
  • Ascent Capital Group, Inc. (NASDAQ: ASCMA) shares jumped 51.4 percent to close at $1.37 after the company announced a restructuring support agreement with Monitronics International.
  • Valeritas Holdings, Inc. (NASDAQ: VLRX) shares dippe...


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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.

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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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