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Merry Christmas!

Image result for trump grinchMerry Christmas to all the survivors of 2020!  

I would list them but, if you've ever seen the Vietnam Memorial Wall in Washington, DC – well, there's "only" 58,000 names on that walls for all the American soldiers who gave their lives in that 20-year war and we would need 6 sets of those walls just to try to rembember all the Americans who have died just this year under the reign of our mad tyrant, Trump.

20,874 people are dead in Florida, 23,651 in California, 26,405 dead in Texas… nowhere is untouched, nowhere is safe – we even had a case of Covid in the South Pole this week.  But no country is suffering like America and no people are suffering like Americans with 18.5M of us now having been infected – half of them actively so as the infection rate has soared to 1.5M people per week and is very likely to hit as many as 2M people in our country per week (300,000 per day) after the holidays.

Our fellow countrymen need our help more than ever before and I was inspired by an old post on Barry’s site titled "Give and You Will Receive" listing 13 good ways we can all give every day. 

’Tis the season of giving and goodwill to all man and all that and my children used to wrap up all their old toys when they were done with them to give to children who need them more than they do.  Keep in mind that your old IPhones makes a great IPods for kids who can't afford such fancy things – even without the contract and those old kitchen appliances, tools, etc. could really help out people less forunate than ourselves.     

It’s a little thing, but if you want your kids to learn the benefits of charity, actually parting with things they like or liked and physically giving them to kids who clearly appreciate it is much more gratifying than writing a check to some anonymous organization.  The same goes for volunteering some time (and money!) at a local shelter and helping some people come in from the cold for a nice, warm meal – it makes you appreciate your family dinner a LOT more!

The Global markets are closed tomorrow and we’re bound to have a very slow half day today – if you are looking for a continued Santa Clause rally on today’s trading, you are very likely to be disappointed.  Today is a day for relaxation and reflection.  Remember, the words of Jacob Marley, who said:

Business! Mankind was my business. The common welfare was my business; charity, mercy, forbearance, and benevolence were all my business. The dealings of my trade were but a drop of water in the comprehensive ocean of my business!

Marley was a man who worked and worked until the day he died and regretted it every day after.  If you don’t believe in an afterlife and you don’t believe in leaving behind the World a better place than you found it, at least find some time for yourself so people don’t call you "a squeezing, wrenching, grasping, scraping, clutching, covetous old sinner" after you’re gone.

Whether 2021 will be another great year for the top 1% as they coast along on an endless wave of free Fed money remains to be seen.  So far, despite the minor rate hike, the signs are looking good.   We have, however, stayed very much in CASH!!! into the holidays – just in case it isn't…

We stuffed $887.50 into our Members' stockings yesterday as our short trade idea on S&P (/ES Futures – as noted right in the morning post) gave us a very a very nice drop at the close down to 3,675 before stopping us out with a great, quick gain. 

Don't forget, you can give your friends fantastic trade ideas like these all year long by giving them a PSW Annual Membership – they are easy to wrap! angel 

I know this certainly isn't the Christmas we wanted.  2020 has been a rough year for our country but things should be better in 2021 and we can look forward to re-uniting with our friends and families and going to movies and concerts and theaters agan and maybe, at least for a while, we'll appreciate reality just a little more – after a year of being forced to be couch potatoes.  

Wishing you the happiest of holidays!

From all of us to all of you:  Thanks for 2020, it’s been a crazy last few years, but the century is still young and, as long as we have the spirit to match it – what is there that we can’t accomplish together?

Looking forward to next year’s challenges and accomplishments to come.

All our best,

Phil, Ilene, Andy and the whole team at Philstockworld!  

 


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  1. Merry Christmas


  2. Phil and all, thank you for all of the comments, suggestions and guidance this year. Still learning and asking dumb questions but your IMAX trade over the summer yielded me over 1000% returns over 5 months! 
     

    For another dumb question, I sold 20 Jan 22 5.5 Puts of PLUG for $1.19 a couple months ago. Phil, I think you recommended this as a way to watch the stock. It's obvious how those have performed but do you have any thoughts on what I should do now? Is it time for a call spread?
     


  3. Good Morning.


  4. Good morning team!  

    I can't imagine what a crappy year this would have been if we didn't have a great group of people to watch the markets with – thanks so much to each and every one of you for helping to make our site possible!  

    IMAX/Swamp – Going ballistic now.  The 2023 $10 ($9)/17 ($4.50) bull call spread at $4.50 isn't terrible and let's say you buy 15 of those for $6,750 and sell 5 of the March $16s for $2.50 ($1,250) for net $5,500 on the $10,500 spread.  If IMAX keeps going up, you can add more spreads and do a 2x roll on the short calls (the June $20s are $1.50) and, if it goes down, you can sell 5 more and knock another $1,000 off your spread cost (with tight stops, of course).

    Trump Issues 26 Pardons, Including Manafort and Stone

    Just WOW!  The whole concept of pardons has been destroyed.  Can you imagine if Clinton or Obama would have pardoned their staff and friends?

    The elder Mr. Kushner was sentenced to two years in prison on charges related to witness tampering during a federal investigation of his business more than a decade ago.

    former national-security adviser Mike Flynn, who had pleaded guilty to lying to the Federal Bureau of Investigation.

    Mr. Manafort was convicted by a Virginia jury in August 2018 of not paying taxes on more than $16 million in income he earned advising Russia-aligned politicians in Ukraine in the early 2010s, and of lying to two banks from which he sought loans in 2015.

     

    The president pardoned Mr. Stone, a longtime friend and political adviser, after commuting his sentence in July, days before Mr. Stone was to report to prison.  He was convicted in federal court last year of making false statements, witness tampering and trying to impede a congressional investigation into Russian election interference, and was sentenced to 40 months in prison.  

    An analysis by Harvard Law professor and former Justice Department official Jack Goldsmith found that 60 of the 65 pardons Mr. Trump granted before Wednesday went to individuals with personal or political connections to the president. Mr. Trump has bypassed the normal Justice Department process for reviewing pardons, frequently hearing appeals for clemency directly from celebrities or other friends, business associates or political allies.

    It's not just about this action but what it does to our Democracy.  We're now saying that the President (including Biden) can have his associates commit crimes on his behalf knowing full well that, if they get caught, they have a get out of jail free card.  

    Mr. Kushner, the father of senior White House adviser Jared Kushner, pleaded guilty in 2004 to tax evasion, witness tampering and making illegal campaign donations in a case prosecuted by former New Jersey Gov. Chris Christie. He was sentenced to two years in prison and served 14 months.

    The elder Mr. Kushner was accused of hiring a prostitute to seduce his brother-in-law, videotaping their encounter and sending it to his sister, who was being pushed to testify in a criminal investigation of the family business. Mr. Christie called it “one of the most loathsome, disgusting crimes” he had prosecuted.

    Tucked inside the new $900 billion coronavirus relief package is $200 million in aid for loggers and trucking companies, a coup for the industry that underscores the importance of lobbying and political connections.


  5. Merry Christmas – Stay safe and stay home!


  6. Hello All of you, from sunny Spain wishing you all a safe and healthy Christmas and a much better New Year. Stay safe and alive Yodi


  7. Yodi-I thought Croatia was your preferred winter home?  Too much of a good thing?

    Happy Holidays and a Happy New Year to all!


  8. A JINGLE BELL ROCK TO ALL,from snow covered new england.( at the moment,anyhow).


  9. Yodi

    are you near Malaga spain

    When i can travel i am going back there


  10. Merry Christmas to all


  11. Happy Holidays to all! 


  12. All the Best to everyone


  13. Phil/2020

    My post disappeared! I took me a while to write all I had to say, and poof…gone when I pressed the 'submit comment'

    oh well! Happy 2021 to all! And thank you, Phil!













  14. She Noticed $200 Million Missing, Then She Was Fired


  15. qcmike near Valencia. Croatia no been only once there nice memories, but I prefer to speak the language where I go to.


  16. "The price of Bitcoin is totally manipulated by a bunch of people, by a bunch of whales. It doesn’t have any fundamental value,” he said. “We’re close to the point where the hyperbolic bubble is going to go bust.”

    I remember people saying that at $30. And they were right!


  17. $0.003 to $23,500 in 10.65 years = 343.9% annual gain. But Roubini, please please please keep telling people how fiat currency is "backed by something." LOL!


  18. Bitcoin – Seriously BDC, How high is too high?  

     

    Great call, but I'm going to start growing tulips in my backyard!  :)


  19. "backed by something" – well, a printing press with an infinite supply of paper is technically 'something'  :)  


  20. Merry Christmas everyone!  I'm grateful to have found such a unique forum where you can learn, make money, get passionate with politics (love your rants Phil) and most of all know everyone has a high degree of empathy which is sorely lacking these days.  Thanks for all you do Phil.  Best to you, yours and every ones family.  And .. may the '1' in 2021 mark the start of the counter the orange scourge is out of office (knock on wood).


  21. I think it's at least worth pointing out, maybe just one last time because, for some reason known only to God, the "tulip bulb" thing just never dies, that growing a flower in an esoteric European country 400 years ago is, at least somewhat arguably, unique and different when compared to a System of Trust that dynamically accounts for global balance of payments, perhaps even more efficiently than law based systems of trust designed in the 19th century. Just maybe worth a look at that argument.

    At first trade bitcoin at 0.003 has a fully diluted enterprise market valuation of $63, and now it's half a trillion dollars. It's interesting how dynamic the system is. At first you couldn't really do anything with it and now small countries can reliably settle there entire balance-of-payments in a currency outside the USD, Euro, or gold. What can Bitcoin "do" at 10X it's current valuation? What can it do at $50T, $500T (about the total net real estate value of the world, which ultimately is what backs fiat currencies). What can it do at $5Q, which is not creatable in the current fiat currency system based on real estate and capital loans? What kind of new financial and peer-based commerce systems can be created within that new, currently non-existent, aggregate global valuation? Those are much more interesting questions, in my own, personal opinion.


  22. Merry Christmas everyone! Thank you Phil and all of you for sharing your thoughts and knowledge – and opportunities to learn and earn)


  23. Sorry Maya, no sign of it.  

    Huge press/EMike – Don't forget the guns, lots and lots of guns and men with badges to "back" the currency (just in case God doesn't work out).  

    Nice pop into the close because why should today be different?


  24. Merry Christmas everyone, wherever you are. Always enjoy reading here and even making money sometimes  ;)

    Long may it last … and long may we last .. stay safe all. There may be light at the end of the tunnel if we hang in .. (hopefully not a train).


  25. Bitcoin going parabolic