Archive for 2019

Channel 4′s “Inside Idlib” – The Last Gasp Of A Dying Fake News Campaign

Courtesy of ZeroHedge. View original post here.

Authored by Kit Knightly via,

Channel 4 just announced a new addition to their on-going “Iside Idlib” report: a 10-minute video which – they claim – is evidence of the Russian and Syrian governments committing a war crime.

The war-crime itself is said to be a “double-tap” airstrike, ie. An airstrike, waiting for the first responders to arrive, and then another airstrike. (The term actually originates from US drone strikes in Yemen, Somalia and Pakistan…I don’t know if C4 had any special reports about that.)

Watch the video, do you see evidence of a war crime?

Here’s what I saw:

  • Fairly quiet countryside.

  • Men in White Helmets running around some fig trees.

  • Men in White Helmets shouting in Arabic.

  • A dust cloud.

  • A damaged van/ambulance.

  • An injured man/a man pretending to injured/a dummy (You can never be sure with the WH).

  • More running and shouting.

  • One more dust cloud, much further away.

  • People in white helmets looking sad.

Here’s what I didn’t see:

  • Any Russian or Syrian planes.

  • Any Russian or Syrian military personnel.

  • Any Russian or Syrian military equipment.

  • Any evidence of the “first airstrike”.

  • Any bombs falling.

  • Any evidence of a war crime.

If this is really the best they have, then they have nothing. It is, frankly, embarrassing.


The written report that accompanies the video isn’t much better – it’s essentially just a Cliff Notes version of Jon Snow’s rather simpering commentary, but there’s some interesting language to deconstruct, and omissions to take note of.

An investigation by Channel 4 News has obtained evidence of possible war crimes in Syria

I just love this beginning part. So up itself, so pompous.

We KNOW there was no “investigation”, they didn’t dig this up or ferret it out – the people who made it want it to be on TV. That’s the reason they made it. Channel 4’s “investigation” was checking their email.

Either GCHQ directly dumped it into their inbox one morning, or some NGO proxy did it for them…either way, there was no “investigation”. At best – at best – there were some fact checks AFTER they…
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These Are The Best And Worst States To Start A Small Business

Courtesy of ZeroHedge. View original post here.

Building a small business from inception to the point where its thriving and set up for long-term success is no small feat.

According to data from the Bureau of Labor Statistics, about 1/5th of all startups don’t survive to their first birthday. And nearly half will never make it to their fifth.

But as Wallethub points out, there are different reasons why startups fail. Among them, a bad location is one of the most commonly cited. But beyond situating the business in a popular thoroughfare, choosing the right state to launch your business can also make a huge difference in its odds of success.

States that offer the right conditions for success, such as access to cash, skilled workers, affordable office space and other factors, can be critical in helping a business thrive.

In a recent study, WalletHub compared the 50 states across 26 metrics for startup success, assigning each state a number in each category, then computing which states are the most business-friendly overall.

The results are hardly surprising: High-tax, Democrat-controlled states in the northeast offer some of the worst conditions for businesses, while low-tax states, Republican-controlled states in the Sun Belt have some of the best conditions.

Source: WalletHub

See the complete ranking below:

  1. Texas 
  2. Utah   
  3. Georgia   
  4. North Dakota 
  5. Oklahoma   
  6. Florida   
  7. Arizona   
  8. California   
  9. Montana   
  10. Colorado   
  11. Idaho   
  12. Washington   
  13. Mississippi
  14. North Carolina
  15. Louisiana
  16. Kansas
  17. Minnesota
  18. Michigan
  19. Nebraska
  20. Tennessee
  21. Kentucky
  22. South Dakota
  23. Maine
  24. Indiana
  25. Nevada
  26. Oregon
  27. New Mexico
  28. Alaska
  29. Alabama
  30. Wisconsin
  31. Arkansas
  32. Missouri
  33. Wyoming
  34. Ohio
  35. Illinois
  36. Massachusetts
  37. Iowa
  38. South Carolina
  39. Virginia
  40. Maryland
  41. West Virginia
  42. New York
  43. Vermont
  44. Delaware
  45. Pennsylvania
  46. Connecticut
  47. Hawaii
  48. New Hampshire
  49. New Jersey
  50. Rhode Island

Turkey’s Erdogan Vows To “Significantly” Cut Rates As Trump Set To Roll Out Sanctions Over S-400 Purchase

Courtesy of ZeroHedge. View original post here.

Lately not a week passes without some dismal news involving Turkey hitting the tape, and yet the lira continues to levitate, blissfully ignorant of the storm clouds headed for Ankara, levitating on hopes the Fed will cut rates and sprinkle golden showers on emerging markets. However, in light of the two latest developments, the Mrs Watanabe sellers of USDTRY may finally pay attention.

On Sunday, Turkish President Recep Tayyip Erdogan – who last weekend fired the head of the central bank for not cutting rates fast enough, and who has now become the de facto head of the CBRT – promised "significantly lower interest rates by the end of the year", Bloomberg reported.

“We aim to reduce inflation to one digit by the end of this year,” Erdogan told journalists in Istanbul, according to the state-run Anadolu news agency. “As we achieve this, we will achieve our year-end interest rate target as well." Of course, should interest rates drop to one digit, the USDTRY will promptly collapse to two, as the rate differential between the lira and the dollar collapses, removing the main incentive to go long the lira at a time when the Turkish economy remains in crisis.

Having founded the economic school of Erdoganomics, according to which inflation can be achieved only by lowering rates, the Turkish president and his US counterpart have quickly become kindered spirits when it comes to monetary policy. And just as Trump heaps pressure and insults on Fed Chair Powell, Erdogan has frequently accused the central bank of keeping borrowing costs too high. Last month, he complained that while the Fed was moving toward a rate cut, Turkey’s policy rate of 24% “is unacceptable.”

Then, the last trace of any pretense that Turkey under Erdogan will forever be a banana republic came on July 6, when Erdogan unexpectedly dismissed the former central bank head, Murat Cetinkaya and made it clear that he expects his replacement as central bank governor to follow the government’s line on monetary policy. Cetinkaya had held rates steady for more than nine months.

Meanwhile, even as Trump and Erdo may be BFFs when it comes to firing head of central banks, the US president and his advisors have reportedly settled on a sanctions package to punish Turkey for receiving parts of a Russian S-400 missile…
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Here’s How Much The Top CEOs Of S&P 500 Companies Get Paid

Courtesy of ZeroHedge. View original post here.

Submitted by Jeff Desjardins of Visual Capitalist

How much do the CEOs from some of the world’s most important companies get paid, and do these top CEOs deliver commensurate returns to shareholders?

Today’s infographic comes to us from and it visualizes data on S&P 500 companies to see if there is any relationship between CEO pay and stock performance.

For Richer or Poorer

To begin, let’s look at the highest and lowest paid CEOs on the S&P 500, and their associated performance levels. Data here comes from a report by the Wall Street Journal.

Below are the five CEOs with the most pay in 2018:

Last year, David Zaslav led top CEOs by taking home $129.4 million from Discovery, Inc., the parent company of various TV properties such as the Discovery Channel, Animal Planet, HGTV, Food Network, and other non-fiction focused programming. He delivered a 10.4% shareholder return, when the S&P 500 itself finished in negative territory in 2018.

Of the mix of highest-paid CEOs, Bob Iger of Disney may be able to claim the biggest impact. He helped close a $71.3 billion acquisition of 21st Century Fox, while also leading Disney’s efforts to launch a streaming service to compete with Netflix. The market rewarded Disney with a 20.4% shareholder return, while Iger received a paycheck of $65.6 million.

Now, let’s look at the lowest paid CEOs in 2018: 

On the list of lowest paid CEOs, we see two tech titans (Larry Page and Jack Dorsey) that have each opted for $1 salaries. Of course, they are both billionaires that own large amounts of shares in their respective companies, so they are not particularly worried about annual paychecks.

Also appearing here is Warren Buffett, who is technically paid $100,000 per year by Berkshire Hathaway plus an amount of “other compensation” that fluctuates annually. While this is indeed a modest salary, the Warren Buffett Empire is anything but modest in size – and the legendary value investor currently…
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The US Housing Bust In 20 Charts

Courtesy of ZeroHedge. View original post here.

In "Where The American Dream Goes To Die", we published some of the most recent, concerning observations on the current state of the US housing market. Now, courtesy of Deutsche Bank, for our lazier readers, here is a visual recap of the recent turning point in US housing, in which DB's Torsten Slok uses an array of charts to demonstrate that "US Housing is cooling down" as the the negative SALT impact is overshadowing low mortgage rates, high consumer sentiment, and record-low unemployment rate.

Here are the main highlights:

Single-family starts and permits rolling over despite lower mortgage rates and low unemployment rate

Existing single-family home sales and new single-family home sales not rebounding despite very low mortgage rates

Single-family starts cooling down, multi-family sideways

Lower mortgage rates and low unemployment not doing much to boost consumer plans to buy a house

Residential investment is shrinking despite low mortgage rate and low unemployment rate

Year-over-year growth in housing components contribution to GDP

Interest in home buying rolling over

Home price appreciation trending down

Fewer subprime borrowers today. And more people with top credit scores. And still housing is cooling down

30% of the population have a subprime credit score

Almost no distressed home sales

Homeownership rate still far below its peak despite low mortgage rate and low unemployment rate

Since the homeownership rate peaked in 2006 the number of households renting has increased by roughly 10 million

Fewer people plan to buy a home within 12 months despite low unemployment rate and low mortgage rate

Mortgage refi application activity up but not much when taking into account how much mortgage rates have declined

Purchase applications up but not much when taking into account how much mortgage rates have fallen

Manhattan home prices falling at the fastest rate since the financial crisis

Lumber prices down recently

Home ownership rates still below pre-crisis level across age groups

Geographical distribution of housing boom/bust

“A 6th Grader Should Know America’s Foreign Policy Is Ridiculous”

Courtesy of ZeroHedge. View original post here.

Authored by Bill Rice, Jr.

Policies which can ensure peace or ignite wars are important. Given this, one might think more Americans would critically examine the basic assumptions which form the basis of our nation’s foreign policy. 

As best I can tell, only three such assumptions or premises exist:

  1. To defend America and its borders, our government must posses the world’s strongest military. It should also not be reticent about using – or threatening to use – said military.
  2. The freedoms Americans cherish are fragile, and bad actors are plotting to steal them from us.
  3. If reasons 1 and 2 are not persuasive enough, or do not apply to every geopolitical situation, America must still be willing to use its military to protect its “national interests.”

All three of these assumptions are ridiculous, a fact any bright 12-year-old should recognize.

Regarding Assumption 1 - Surely any American with a 6th grade education is aware of the fact that the world’s two largest oceans happen to  “guard” the east and west coasts of the American mainland. Furthermore, any 12-year-old should know that the probability America’s neighbors to the north and south would attack our country is What this means to you and me is that if America proper is going to be attacked (and subdued), it’s going to have to be attacked by a nation a vast distance from our borders.

By the time a conscientious student reaches 10th grade he or she should be able to identify the tiny number of nations that might possess the means to occupy or “take over” America. These nations can be counted on three fingers – Russia, China and (if we really want to stretch things) Germany.

However, plenty of high school students should be inquisitive enough to ask a common-sense question: Why would these nations attempt to do such a thing?

Hopefully every American high school has at least a few students who know that occupying a nation with a land mass as vast as America, and with a militarily as powerful as America’s, would require a massive and sustained military operation.

Given that America has 320 million citizens – and if one…
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China Reports Slowest GDP Growth On Record, As Retail Sales, Industrial Output And Fixed Investment All Beat

Courtesy of ZeroHedge. View original post here.

The Chinese goalseek-o-tron was in perfect working order on Monday morning, when moments ago Beijing reported that China’s Q2 Y/Y GDP rose at 6.2%, once again precisely as consensus had expected, down from 64% in Q1 and the lowest since “modern” records started to be kept 27 years ago in 1992, dipping below even the financial crisis low of 6.4$

Additionally, 2Q cumulative GDP rose 6.3% y/y, also matching the consensus estimate, and down from 6.4% in Q1.

“We expect Beijing to ramp up stimulus measures in the second half despite more limited policy room, though markets should not put too high expectations on the scale and duration of these stimulus measures,” Nomura’s China economist Lu Ting wrote in a recent research note. “Domestic policies will to a large extent be dependent on the U.S.-China trade tensions.”

The disappointing GDP print comes just day after another miss, this time in the value of exports, which sharnk by 1.3% in dollar terms in June, after inching up in May despite the tensions with the US.

Property investment moderated to 10.9 per cent in the first six months, compared with growth of 11.2 per cent in the year to May. Strong property sales helped brighten the economy into April, but the sector lost momentum in the second quarter.

But while the record Chinese slowdown was widely as expected, there was an unexpected silver lining to the lowest Chinese GDP print on record, as all three core June economic indicators – retail sales, industrial output and fixed investment – beat sharply lowered expectations, to wit:

  • Retail Sales: 9.8%, Exp. 8.5%, up from 8.6%
  • Industrial Output: 6.3%, Exp. 5.2%, up from 5.0%
  • Fixed Asset Investment: 5.8%, Exp. 5.5%, up from 5.6%

And visually:

The fact that retail sales growth strengthened to 9.8% in June from 8.6% a month earlier, is an encouraging sign that domestic consumption has remained robust (that, or Beijing is now grossly manipulating every economic datapoint). Retail sales remained strong throughout the second quarter, as non-food inflation remained modest.

So while on one hand, the more widely followed GDP print indicates continued slowdown in the overall economy and adds to the pressure Chinese policy makers face as they attempt to negotiate a deal with the US –…
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Why Stimulus Can’t Fix Our Energy Problems

Courtesy of ZeroHedge. View original post here.

Authored by Gail Tverberg via Our Finite World blog,

Economists tell us that within the economy there is a lot of substitutability, and they are correct. However, there are a couple of not-so-minor details that they overlook:

  • There is no substitute for energy. It is possible to harness energy from another source, or to make a particular object run more efficiently, but the laws of physics prevent us from substituting something else for energy. Energy is required whenever physical changes are made, such as when an object is moved, or a material is heated, or electricity is produced.

  • Supplemental energy leverages human energy. The reason why the human population is as high as it is today is because pre-humans long ago started learning how to leverage their human energy (available from digesting food) with energy from other sources. Energy from burning biomass was first used over one million years ago. Other types of energy, such as harnessing the energy of animals and capturing wind energy with sails of boats, began to be used later. If we cut back on our total energy consumption in any material way, humans will lose their advantage over other species. Population will likely plummet because of epidemics and fighting over scarce resources.

Many people appear to believe that stimulus programs by governments and central banks can substitute for growth in energy consumption. Others are convinced that efficiency gains can substitute for growing energy consumption. My analysis indicates that workarounds, in the aggregate, don’t keep energy prices high enough for energy producers. Oil prices are at risk, but so are coal and natural gas prices. We end up with a different energy problem than most have expected: energy prices that remain too low for producers. Such a problem can have severe consequences.

Let’s look at a few of the issues involved:

[1] Despite all of the progress being made in reducing birth rates around the globe, the world’s population continues to grow, year after year.

Figure 1. 2019 World Population Estimates of the United Nations. Source:

Advanced economies in particular have been reducing birth rates for many years. But despite these…
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Megan Rapinoe Finally Understands Economics

Courtesy of ZeroHedge. View original post here.

Authored by Sam Frank via The American Institute for Economic Research,

Equal pay for women has been a roaring issue during the Women's World Cup, reaching its peak when, during the U.S. women’s national team’s victory parade, fans began chanting “e-qual pay”to the same rhythm as the ever-popular “U-S-A.”

This is nothing new.

WNBA players have been demanding equal pay to their male counterparts for years, despite the fact that every team in the NBA is valued at over $1 billion while the entire WNBA has lost at least $10 million every year since its inaugural season. This is untrue. Meritocracy is not the answer

The Women’s World Cup is no different. When the French men’s team won the FIFA World Cup in 2018, it was paid a hefty $38,000,000. The U.S. women’s team won just $4,000,000 upon its victory. This must be wrong! Women are earning only 10.5 percent of what men earn for the same sport! 

Well, maybe not. 

The Men’s World Cup generated north of $6,000,000,000 of revenue in 2018, while the Women’s World Cup generated only $131,000,000 in 2019,  just over two percent of the men’s revenue. Wait, but the women’s victory payment was 10 percent that of their male counterparts. So women, in terms of percentage of revenue, earned more than men. At first glance it’s unfair in favor of the men, it seems it is actually unfair against men.

We may be tempted to say that Megan Rapinoe does not understand economics. 

On Wednesday morning, Megan Rapinoe appeared on CNN and was asked what fans could do to support equal pay. The answer most were probably expecting is along the lines of “Go to your local congressman or congresswoman” or “Keep fighting and never give up” – you know, the typical athlete-activist answers. Rapinoe’s answer was nothing of the sort. She responded:

"Fans can come to games. Obviously, the national team games will be a hot ticket, but we have nine teams in the NWSL. You can go to your league games, you can support that way. You

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How Much Higher Can Stocks Rise: JPMorgan Answers

Courtesy of ZeroHedge. View original post here.

Having flirted with breaking above 3,000, the S&P finally rose above the key psychological barrier last week, and seems poised to keep rising thanks to the Fed’s signaling of unconditional rate cuts, as equity markets continue to price in a repeat of the 1995/1998 insurance-rate-cuts scenario with even greater confidence (although as noted earlier, Morgan Stanley steadfastly believes markets are wrong for the third time). However, with the prevailing narrative now that of "insurance" cuts, this – as JPM's Nikolas Panigirtzoglou writes – also assumes that central banks follow the script of 1995/1998 and at the minimum validate market expectations.

What if these assumptions are wrong?

The answer to that question ties in with the question posed by Panigirtzoglou in his latest Flows and Liquidity weekly, which seeks to answer "how much equity upside should we expect in this bullish scenario where the Fed cuts its policy rate by 75bp this year to provide insurance against downside risks similar to what happened in 1995/1998?"

As JPM reminds us, on both prior "insurance" cut occasions, the Fed had over-delivered both in terms of the speed and magnitude of rate cuts, to wit:

  • In 1995, a month before the first cut, rate markets were pricing around 60bp of rate cuts over 12 months and the Fed delivered 75bp over six months.
  • In 1998, a month before the first cut, rate markets were pricing around 40bp of rate cuts over 12 months and the Fed delivered 75bp over three months.

In other words, the Fed over-delivered relative to market expectations in both cases and re-steepened the curve, which is a test for the current conjuncture. Will the Fed again overdeliver relative to expectations as in 1995 and 1998 and re-steepen the curve?

In its attempt to answer the key question, and its assessment of what the remaining "potential equity market upside" from here is, JPM opts to focus on an alternative methodology based on position metrics, instead of historical comparisons to 1995/1998 or valuation-related methodologies. In particular, Panigirtzoglou resorts to his previous analysis on cash, bond and equity allocations of non-bank investors globally, in which he compares global M2 with the equities and bonds held by non-bank investors.

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Phil's Favorites

DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?


DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, Thomas Jefferson University

Over the past few years direct-t...

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Kimble Charting Solutions

U.S. & Euro Financials Lagging Big Time! Should Stock Bulls Be Concerned?

Courtesy of Chris Kimble.

Historically its been positive to see Financials doing well at the same time the broad market is pushing higher! If financial stocks are lagging bit time, should stock bulls be concerned?

This chart compares banks and in the U.S. (XLF) & Europe (EUFN) to the S&P 500 over the past 18-months.

Currently, XLF is lagging the S&P by more than 11...

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Zero Hedge

Tesla "Adjusts" Prices Again: Hikes Model X, S Starting Prices, Slashes Cost Of Model 3

Courtesy of ZeroHedge. View original post here.

Tesla, who wants you to know that they are definitely, certainly not facing a demand problem, has again dropped the price of its Model 3 while bumping up starting prices of its Model S and Model X in what appears to be a push to drive more Model 3 sales and higher margin Model S and X sales. The move comes days after the company reported record Q2 deliveries, according to ...

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Insider Scoop

Earnings Scheduled For July 16, 2019

Courtesy of Benzinga.

Companies Reporting Before The Bell
  • Goldman Sachs Group Inc (NYSE: GS) is projected to report quarterly earnings at $5.00 per share on revenue of $9.13 billion.
  • Domino's Pizza, Inc. (NYSE: DPZ) is expected to report quarterly earnings at $2.02 per share on revenue of $836.92 million.
  • JPMorgan Chase & Co. ... more from Insider

Digital Currencies

Bitcoin Breaks Back Below $10k, Crypto-Crash Accelerates As Asia Opens

Courtesy of ZeroHedge. View original post here.

Update 2010ET: Having briefly stabilized after this morning's weakness, cryptos are tumbling once again as Asian markets open.

Bitcoin has broken below $10,000 again...

*  *  *

While all eyes are on Bitcoin as it slides back towards $10,000, the real mover in the last 12 hours has been Ethereum after...

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DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?

Reminder: We're is available to chat with Members, comments are found below each post.


DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, ...

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Professor Shubha Ghosh On The Current State Of Gene Editing


Professor Shubha Ghosh On The Current State Of Gene Editing

Courtesy of Jacob Wolinsky, ValueWalk

ValueWalk’s Q&A session with Professor Shubha Ghosh, a professor of law and the director of the Syracuse Intellectual Property Law Institute. In this interview, Professor Ghosh discusses his background, the Human Genome Project, the current state of gene editing, 3D printing for organ operations, and gene editing regulation.


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Chart School

Gold Gann Angle Update

Courtesy of Read the Ticker.

Charts show us the golden brick road to high prices.

GLD Gann Angle has been working since 2016. Higher prices are expected. Who would say anything different, and why and how?

Click for popup. Clear your browser cache if image is not showing.

The GLD very wide channel shows us the way.
- Conservative: Tag the 10 year rally starting in 2001 to 2019 and it forecasts $750 GLD (or $7500 USD Gold Futures) in 10 years.
- Aggressive: Tag the 5 year rally starting in 1976 to 2019  and it forecasts $750 GLD (or $7500 USD Gold Futures) in 5 years.

Click for popup. Clear your browser cache if ima...

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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


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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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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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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