Phil, I have to hand it to you. It seemed that you were the only person on the planet that thought stocks falling was still possible. I am glad I listened. About the end of the year I was really beginning to second guess though. Thanks for suggesting taking some profits last Nov. It no longer looks like I missed much.
rj_jarboe
Oil – thanks Phil,
got in late at 0.53 on the 38p today, set a sell for 0.75 and took the dog for a walk – 70% gain and more than enough $$ to buy dog food. TZA Aug 35/40 BCS – closed out for a 100% gain in under a month – thanks again for introducing me to these trades.
CanuckBob
Thank you Nantucket. It is hard to be a complete beginner in the market with this complicated, fast moving, and very advanced group. Phil is the Great One, but the membership is absolutely amazing! Had I known this ahead I would probably log in as "awe struck" everyday.
Coke
Fed days are fun! Just for grins I decided to see how much money I could make in two clicks. I bought DIA calls right when the surge started and then sold them the minute they hit my account. Net gain of 20% in 20 seconds. Can't do that very often…
MrMocha
Phil, i wanted to thank you again for helping me protect future stock allocations at work - finally, i feel like i am owning my own destiny with stocks vs. letting the market dictate what you get – thanks again.
Nramanuja
I have been reading the "free" PSW for about a year and have always liked Phil's style as it closely resembled the way I like to trade (mostly naked put options). I have been a paid subscriber for about 5 weeks and I have been learning a lot from Phil and other members. I had made some money on Phil's "free" ideas in the past and I joined because one of Phil's futures ideas paid for my subscription within the same day (NG). Phil deserved my subscription and I was eager to learn more. I just did a quick tally and within the last 5 weeks the ideas that I chose to follow from Phil generated over 25K in options profits and 12K in futures profits (some of my trades were more conservative than what Phil's had suggested). I have a lot to learn, experience and confidence to gain. Thanks again Phil and Successful Trading to all.
Verreaul
Phil is a fundamentalist to his fingertips. His ability to value a stock goes well beyond p/e, as he understands the essence of many businesses, what gives them value and how they make their money. As such, his recommendations are invaluable to a investor who takes a value-oriented approach.
Zeroxzero
Peace of mind / I have a portfolio mainly consisting of long term long calls, short term short calls and puts, and long term BCS. Three years, ago when I started my journey on this board I would be freaking out panicking as to what to do, as many of the short calls are ITM, Three years later (today) I look at the screen and serenely process the information. Three years ago, I inevitably made the wrong decisions which cost me a lot of money. Three years on I calmly roll the positions to whatever makes sense. No drama, no hair pulling, and a great cost saver. I guess they call that the power of education.
Winston
I picked up one of your recommended Gold plays, the July ABX 30s and sold the Feb 35s, which are now mostly intrinsic value. Is it time to roll these to the March 37.50s, or should I wait this spike out?
Bill Hoffman
Phil/ Thanks to your obsessive bearish anxiety over the last few weeks, I made money on the long side this month, phased gradually to bearish, came in net short today and managed to make money both long and short all week, ending today [and each day this week] in the green. I don't know how you do it, but thank you.
Zeroxzero
Phil – Great calls yesterday, you were in top form. As I was reading your postings, I had hindsight of what the day brought. The calls were uncanny!
Jfawcett
Well I want to thank P. Davis for his style and for the fact that he affirmed my thoughts for a correction. He was right and his confirmation of my bias saved me thousands. Mr. Davis is amoral when it comes to money. He realizes the poor are screwed but we must fight to win. A measure of sarcasm and dark humour and it is great reading. 100% right on the correction.
Chaffey
Hey Phil, Your HOV suggestion about 3 months ago basically paid for my Philstockworld subscription for years to come. My average cost is about $1.
Ether
@Philip Davis, Per my review you are the best options trader that I have seen. You've made money for your investors and those that subscribe to your service. Many cudos to you for a just ahead of the curve buying or selling opportunity. Yes, you've hit HRs when others were hitting singles.
153972
Phil - I caught the interview…. terrific!. Your host recommended that the viewers should " go to your site, as you will be entertained ". That is for sure if you consider entertainment is laughing while you read, learn and make unbelievable leveraged profits that you never thought were possible. That is my kind of entertainment !
Gel1
PSW – Price/Value; The value of PSW on a regular basis exceeds by far the price of the annual subscription. The edition of February 26 'Which Way Wednesday – Popping or Topping?', – priceless for the serious investor.
Winston
AMZN ... thanks Phil; boy did they run a squeeze on everyone there ... made me sweat ... scaling helped! I think AMZN has an 85 handle tomorrow ... maybe lower.
Cap
Phil I must say that it was really nice to have a portfolio that was looking very stable in the face of a rough day for the markets. I ended the day up 0.3% which includes another successful day of futures trading. So with a portfolio of mostly cash, a few of our faves like Apple and LL, JO, TOL, DIS, etc., along with a couple of hedges that paid off nicely today, and my futures trades, I never had to break a sweat during that madhouse today. Yes, by George (or Phil), I may be learning this system!
Craig
I would like to thank Phil and PSW crew for the insight and assistance (even the liberals).
In December I initiated long stock positions buying stock, writing calls and puts in AAPL, WFR and CHK (scaling in and out). Over the last week I have been trimming back my positions selling stock and taking out my callers and putters. I am now back to my initial 25% position that I started with in December. However this time, my cost basis on shares AAPL, WFR, and CHK is $0! With money to spare from those positions.
Texasmotion
Phil…..You have absolutely NAILED IT! This is not a bull market, nor is it a bear market. It is a Rangeish market, and it's going to stay that way for a long time (the latter is my prediction. I love the word. What I love more is the fact that I've found someone with some investing intelligence greater than mine who can assist me in playing this type of market. Your description today of how it's playing out is right on. I predict some media ‘guru' will steal your word and your description within the next few days and we'll all get to read about what ‘they' discovered about this market. Thanks Phil!
Iflantheman
Phil- great call in oil this morning! Now that Im no longer studying and am back in the real world I can only check this in the morning, at lunch, and after work. Anyways, you've been killing it on oil ( even more than you usually do) so I made a point to wake up extra early and made .25 off your ‘buy oil if you're brave'recommendation. It's nice to wake up and scalp 100+ bucks before I even start my real job. You lay those golden eggs everyday Phil! I thank you for that!
Jromeha
Phil - Rode the /QM down from 99.65 at 7pm and now I'm taking your advice, taking the $$ and going to enjoy a restful night sleep. I don't post often so I want to say thanks for sharing your incredible market acumen with all of us. Your site has a unusually talented group of investors (and some characters) and I enjoy my days trading more because of it.
DaveW
Thanks for your thoughts against buying BP ahead of earnings (yesterdays' member comments). It announced a loss of $3.3b and is down 3% in pre-market but still just above the bottom of the chaneel of $40-$50.
mSquare
Very nice in and out on those USO puts again, easy way to get the subscription covered in just a couple of hours.
Thanks again Phil and everyone here contributing to such intelligent and informative discussion! I have wasted countless hours reading "professional newsletters" and message board blather over the years. Have learned a great deal here in a very short time. I have sent out a number of invites to friends and family for stockworld!
Eyezz
Great calls this week!
SNS1
TBT - Many thanks, Phil. I join you in your opinion favoring the Jan expirations. That's a great play. I can never thank you enough for what I have gained educationally as well as monitarily. Here it is late Sunday evening and I am able to get world class advice, just by asking for it. I feel like I am staying in a 5 star hotel, and room service is just a telephone call away!
Gel1
Thanks, Phil!!! I just crushed today with it with silver (SLV) calls today, thanks to your persistent reminders of how ridiculously cheap it has become, and watching my TSLA this week $240 puts dissolve into chump change added an extra note of amusement.
Zeroxzero
Phil – I wanted to tell you how much of a privilege it is to learn from your every day. You are a shining beacon in the life of so many investors. You have assembled probably the best group of people in the history of financial blogging and you, yourself have done more to help investors in the last 6 months than all previous financial advisors combined.
StJeanLuc
Tesla et. al. – I've spent many months getting hammered shorting overvalued Momos, until, finally, I internalized Phil's message. Play small; give yourself plenty of room to double/move up the [lack of value] chain in terms of price. Play short; take [Musk's, eg.] latest bleep and sell the spike for a short time frame, because his tweets always come to naught. I've been coining money doing it, I just watch that premium melt away with scarcely veiled amusement. Swinging for the fences is for suckers [me, for a long time]. Those little gains really add up — $2k per week of evaporated premium and you could actually buy a Tesla by the end of the year!!
zeroxzero
Wow, Phil, we pretty much made your levels.
Your levels:
Dow 7,404, S&P 775, Nas 1,466, NYSE 4,839 and RUT 402
My sceen is showing:
Dow 7,404, S&P 777, Nas 1,462, NYSE 4,868 and RUT 404
Should you wear a mask in public? This seemingly simple question immediately generates emotional, political, and social anxiety.
It is just one of many provocative questions COVID-19 is forcing upon us. They should be simple, data-driven policy issues but many are not.
Today’s letter is in a different format from the usual Thoughts from the Frontline. As long-time readers know, I am in frequent (and lately almost daily) contact with Dr. Mike Roizen, emeritus head of wellness at the famous Cleveland Clinic, member of the Cleveland Clinic’s leadership team, and author of many books which, thanks to Oprah (he was her doc), have together sold 28 million hard copies. Today we write a joint letter to you. It may be controversial, but that comes with the territory.
Mike and I became online friends over 15 years ago and then he became my doctor and a good friend. He keeps me healthy and I feed his economic information addiction. A perfectly reasonable symbiotic relationship. We have been sharing information on the coronavirus crisis, on which he is an advisor to several state governments.
So today, we’re going to look at some actual data, both medical and economic. Spoiler alert: The unintended consequences of our response may be more threatening than the actual virus, unless we begin changing some things soon.
We’ll start by looking at both direct effects of the coronavirus, and its secondary effects.
The direct effects come from both the virus itself and—critically important—from people avoiding healthcare because they fear exposure to the virus at a healthcare facility. Studies are beginning to show the latter group may be larger than the former.
Then there are secondary health effects related to our response to the virus. These secondary effects are largely due to the economic consequences. We are seeing both “deaths of despair” and health consequences due to changes in the healthcare system, such as closure of some rural hospitals and the rise of telemedicine. The effects are visible, but the absolute data isn’t.
Another thing we don’t fully understand is regional variation. The virus obviously strikes some…
If you have FOMO on the stock market you better watch this video because it will make you feel better if what is unfolding is exactly what I have been talking about for the past week. The Short/FOMO Squeeze!
I offer membership services for active traders, long-term investors, and wealth/asset managers. Each of these services is driven by my own experience and my proprietary trading systems and modeling systems. I have a small team of dedicated researchers and developers that do nothing but research and find trading signals for my members. Our objective is to help you protect and grow your wealth.
Please take a moment to visit www.TheTechnicalTraders.com to learn more. I can’t say it any better than this… I want to help you create success while helping you protect and preserve your wealth – it’s that simple.
Deborah Honig of Adelaide Capital and CEO of Technical Traders Ltd., Chris Vermeulen, share their perspectives on why they feel silver is on the cusp of making some big moves.
I offer membership services for active traders, long-term investors, and wealth/asset managers. Each of these services is driven by my own experience and my proprietary trading systems and modeling systems. I have a small team of dedicated researchers and developers that do nothing but research and find trading signals for my members. Our objective is to help you protect and grow your wealth.
Please take a moment to visit www.TheTechnicalTraders.com to learn more. I can’t say it any better than this… I want to help you create success while helping you protect and preserve your wealth – it’s that simple.
The May U.S. jobless rate fell to 13.3% and employers added 2.5 million jobs, early signs the labor market is mending after the coronavirus pandemic shut down parts of the economy nearly three months ago.
“These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it,” the Labor Department said Friday in a release.
Josh here – that 13.3% rate for May is an improvement from April’s 14.7% rate. Of the 22 million jobs lost in March and April combined, we’ve gained back slightly over 10% of them in the last month as states have slowly begun to reopen.
Some details on the bond market’s reaction via Peter Boockvar:
Treasuries are getting smashed with now a 12 bps increase in the 10 yr yield to .95%, now up 40 bps on the week. What does this all mean for the Fed now? Do we really need all of their largess as the economy rebounds on its own? The 10 yr inflation breakeven is up by 5 bps to 1.26%, just below the highest level since early March.
The curve is steepening, which is good for lending and market psychology and, presumably, bank stocks.
Here’s a quick glance at both the 10 year/ 3 month and the 10 year/ 2 year Treasury yield curves:
You can see a big improvement from the inversions that took place during the last week of February, when recession became obvious to market participants. On an absolute basis, a 10-year yield hovering below 1% is not indicative of a strengthening economy, but it’s doubled from the lows of early March, when it printed .49%.
Yesterday, the state of New York recorded zero deaths from COVID-19. None.
All of this is encouraging news. The stock market has obviously been front-running it for weeks, which is how it’s supposed to work. Too much? We’ll see.
“We are overreacting because if it looks like you’re overreacting, you’re probably doing the right thing.”
That’s National Institute of Allergy and Infectious Diseases Director Anthony Fauci on Sunday, March 15th.
He is, of course, speaking about the health crisis, but I think there is an investment and business corollary to this that is important to mention.
The US stock market has just completed the best 50-day period of returns, well, ever. The best fifty days of all time. It’s in the books as of yesterday’s close. Stocks have gained 39.6% from March 23rd according to LPL’s Ryan Detrick, an unrivaled run for the ages.
Does that mean that anything you did in March to hedge your portfolio was wrong? Or that anything you did to try to protect your business was wrong? Only if you possessed a time machine and knew what the stock market would look like by June. And, or course, no one did.
One concept that had been repeated again and again by Dr. Fauci, Dr. Birx, Governor Cuomo, etc was that if we’re successful, it will look like we overreacted in hindsight.
I think the same could be said for investors and business owners who did what they thought they had to in the early stages. If you sold 10% of your stocks in late March in order to better sleep at night, it’s not relevant to look at the last fifty days and then say “That was a mistake.” Not necessarily, it wasn’t. You did what you needed to do to make it to now.
I feel the same way about some decisions I made with my household’s finances and on behalf of my firm. I didn’t expect the best fifty day stock market of all time to be the end result of the worst pandemic in 100 years. I can’t go back in time to tell myself what things are like now.
It was a striking moment: Donald Trump, Bible in hand, posing for photos in an apparent moment of political theater made possible by the dispersal of protesters through the use of tear gas.
Coming at a time of social turbulence, critics accused Trump of following authoritarian-leaning world leaders by sidling up to religion to reinforce an image as a strongman defending a particular brand of tradition. Bishop of the Episcopal Diocese of Washington Mariann Budde said as much, commenting that Trump used the Bible at St. John’s “as if it were a prop or an extension of his military and authoritarian position.”
Religion creates meaning in our lives by articulating values about how we relate to one another. But just as it can unite us, religion can also be a source of division – used to “other” people who are not of the faith and don’t share the same traditions and rituals.
When enough people perceive – or can be convinced – that traditional elements of the social fabric are at risk, religious signaling through the use of symbols and images can help would-be authoritarians cement their power. They present themselves as protectors of the faith and foes of any outsider who threatens tradition.
Scientists tap the world's most powerful computers in the race to understand and stop the coronavirus
It takes a tremendous amount of computing power to simulate all the components and behaviors of viruses and cells. Thomas Splettstoesser scistyle.com, CC BY-ND
In “The Hitchhiker’s Guide to the Galaxy” by Douglas Adams, the haughty supercomputer Deep Thought is asked whether he can find the answer to the ultimate question concerning life, the universe and everything. He replies that, yes, he can do it, but it’s tricky and he’ll have to think about it. When asked how long it will take him he replies, “Seven-and-a-half million years. I told you I’d have to think about it.”
Real-life supercomputers are being asked somewhat less expansive questions but tricky ones nonetheless: how to tackle the COVID-19 pandemic. They’re being used in many facets of responding to the disease, including to predict the spread of the virus, to optimize contact tracing, to allocate resources and provide decisions for physicians, to design vaccines and rapid testing tools and to understand sneezes. And the answers are needed in a rather shorter time frame than Deep Thought was proposing.
The largest number of COVID-19 supercomputing projects involves designing drugs. It’s likely to take several effective drugs to treat the disease. Supercomputers allow researchers to take a rational approach and aim to selectively muzzle proteins that SARS-CoV-2, the virus that causes COVID-19, needs for its life cycle.
The viral genome encodes proteins needed by the virus to infect humans and to replicate. Among these are the infamous spike protein that sniffs out and penetrates its human cellular target, but there are also enzymes and molecular machines that the virus forces its human subjects to produce for it. Finding drugs that can bind to these proteins and stop them from working is a logical way to go.
The Summit supercomputer at Oak Ridge National Laboratory has a peak performance of 200,000 trillion calculations per second – equivalent to about a million laptops.Oak Ridge National Laboratory, U.S. Dept. of
BlackRock Authors of “Going Direct.” Top, left to right: Stanley Fischer, Philipp Hildebrand. Bottom, left to right: Jean Boivin, Elga Bartsch.
By Pam Martens and Russ Martens
It’s called “Going Direct.” That’s the financial bailout plan designed and authored by former central bankers now on the payroll at BlackRock, an investment manager of $7 trillion in stock and bond funds. The plan was rolled out in August 2019 at the G7 summit of central bankers in Jackson Hole, Wyoming – months before the public was aware of any financial crisis. One month later, on September 17, 2019, the U.S. Federal Reserve would begin an emergency repo loan bailout program, making hundreds of billions of dollars a week in loans by “going direct” to the trading houses on Wall Street.
The BlackRock plan calls for blurring the lines between government fiscal policy and central bank monetary policy – exactly what the U.S. Treasury and the Federal Reserve are doing today in the United States. BlackRock has now been hired by the Federal Reserve, the Bank of Canada, and Sweden’s central bank, Riksbank, to implement key features of the plan. Three of the authors of the BlackRock plan previously worked as central bankers in the U.S., Canada and Switzerland, respectively.
The authors wrote in the white paper that “in a downturn the only solution is for a more formal – and historically unusual – coordination of monetary and fiscal policy to provide effective stimulus.”
We now understand why, for the first time in history, the U.S. Congress handed over $454 billion of taxpayers’ money to the Fed, without any meaningful debate, to eat losses on toxic assets produced by the Wall Street banks it supervises. The Fed plans to leverage the $454 billion into a $4.54 trillion bailout plan, “going direct” with bailouts to the commercial paper market, money market funds, and a host of other markets.
Increasing economic tensions between the US and China continue to threaten Hong Kong’s economy. China’s proposed national security law will see greater controls over areas such as secessionist activities, terrorism and foreign interference. Similarly, the announcement by the US secretary of state, Mike Pompeo, that Hong Kong should no longer be viewed as independent from China could undermine Hong Kong’s longstanding role as an intermediary between China and the rest of the world.
But one important pillar of Hong Kong’s economy remains unchanged and outside of Chinese government control – its currency, which is pegged to the US dollar via a currency board. This could have significant benefits for the city as it tries to deal with pressing socioeconomic challenges. But this also requires more public spending from the special administrative region’s government.
Since its introduction, the currency peg has withstood a variety of challenges – from the UK handover of Hong Kong back to China, to attacks from speculators. But it has often resulted in the Hong Kong government adopting an overly conservative approach to spending. Although the peg gives Hong Kong a considerable financial buffer, successive governments have tended towards fiscal conservatism. Public spending has rarely exceeded 20% of GDP since the 1997 handover.
Bad timing and poor management
Hong Kong is struggling to deal with sluggish economic growth and myriad socioeconomic challenges, not least increasing levels of poverty and a high level of inequality. The city was poised to benefit from legislation passed by the US senate which could force Chinese companies to delist from the US stock exchange. This would make Hong Kong the natural route for Chinese companies seeking to access overseas funds – something the city’s financial markets have long provided. But the new national security law and Pompeo’s comments will make Hong Kong less attractive.
Many of the challenges now facing Hong Kong have their roots in decades of mismanaged prosperity. Yet they do not necessarily threaten the US dollar peg.…
People have turned to historical experience with influenza pandemics to try to make sense of COVID-19, and for good reason.
Influenza and coronavirus share basic similarities in the way they’re transmitted via respiratory droplets and the surfaces they land on. Descriptions of H1N1 influenza patients in 1918-19 echo the respiratory failure of COVID-19 sufferers a century later. Lessons from efforts to mitigate the spread of flu in 1918-19 have justifiably guided this pandemic’s policies promoting nonpharmaceutical interventions, such as physical distancing and school closures.
Current discussions about scaling back social distancing measures and “opening up” the country frequently refer to “waves” of disease that characterized the dramatic mortality of H1N1 influenza in three major peaks in 1918-19. As COVID-19 rates begin to steady in some parts of the U.S., people today are nervously eyeing the “second wave” of influenza that came in autumn 1918, that pandemic’s deadliest period.
Waves evoke predictability, however, and COVID-19 has been hard to predict. Despite the valuable lessons drawn from past influenza outbreaks, how pandemic influenza struck in 1918 isn’t a template for what will happen with COVID-19 in the coming months.
As a historian and a virologist, we believe this comparison of two pandemics has contributed to public confusion about what to expect from “flattening the curve.” Key divergences in the sociopolitical contexts of 1918-19 and now, in addition to clear virologic differences between influenza and SARS-CoV-2, the virus that causes COVID-19,…
This article examines the prospects for silver, which has been overlooked in favour of gold. Due to the economic and monetary consequences of the coronavirus lockdowns and the earlier turning of the credit cycle, there is an increasing likelihood of a severe and sustained downturn that will require far more monetary expansion to deal with, favouring the prospects of both gold and silver returning to their former monetary roles.
Should you wear a mask in public? This seemingly simple question immediately generates emotional, political, and social anxiety.
It is just one of many provocative questions COVID-19 is forcing upon us. They should be simple, data-driven policy issues but many are not.
Today’s letter is in a different format from the usual Thoughts from the Frontline. As long-time readers know, I am in frequent (and lately almost daily) contact with Dr. Mike Roizen, emeritus head of wellness at the famous Cleveland Clinic, member of the Cleveland Clinic’s leadership team, and author of many books which, thanks ...
Should you wear a mask in public? This seemingly simple question immediately generates emotional, political, and social anxiety.
It is just one of many provocative questions COVID-19 is forcing upon us. They should be simple, data-driven policy issues but many are not.
Today’s letter is in a different format from the usual Thoughts from the Frontline. As long-time readers know, I am in frequent (and lately almost daily) contact with Dr. Mike Roizen, emeritus head of wellness at the famous Cleveland Clinic, member of the Cleveland Clinic’s leadership team, and author of many books which, thanks ...
If you have FOMO on the stock market you better watch this video because it will make you feel better if what is unfolding is exactly what I have been talking about for the past week. The Short/FOMO Squeeze!
By Sven Carlin. Originally published at ValueWalk.
In 2008 banks were too big to fail! In 2020, stocks might be too big too fail! We discuss the financialization of the economy, how household wealth is impacted by financial engineering and low interest rates force people to invest. This all leads to stocks being hot and discussed by many, cheap brokers like Robinhood add to the party. Usually, it would be a huge warning sign for the stock market, but today it might be indicating that stocks are too big to fail.
This chart should look familiar, as I’ve shared and updated it a few times to alert clients and readers.
It is the 10 Year US Treasury Yield Chart… inverted.
As you know, bond yields and price move in opposite directions. So this is a way to analyze and think about bonds. And as I’ve pointed out before, inverted charts can also reduce bias.
As you can see, bond yields created the largest reversal pattern in decades. When inverted (as this chart is), yields look like bond prices. So this is action is very bearish for bond prices on a long-term historic...
Fundamentals are important, but they must show up in the chart. And when they do and if they may matter, it is a good sign if price and volume waves show a change of character.
The Point and Figure chart below is readtheticker.com version of PnF chart format, it is designed to highlight price and volume waves clearly (notice the Volume Hills chart).
Silver ETF volume is screaming at us! The price volatility along with volume tells us those who have not cared, are starting to, those who are wrong are adjusting, and those who are correct are loading up. Soon the kettle will blow and the price of silver will be over $20.
Normally silver suffers in a recession, maybe this time with trillions of paper money being creat...
The number of new COVID 19 cases has been falling in the Northeast, but the South is not having the same experience. The number of new cases per day in each Southern state has been rangebound for the past month.
And that’s assuming that the numbers haven’t been manipulated. We know that in Georgia’s case at least, they have been. And there are suspicions about Florida as well, as the State now engages in a smear campaign against the fired employee who built its much praised COVID19 database and dashboar...
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...
Should you wear a mask in public? This seemingly simple question immediately generates emotional, political, and social anxiety.
“We are overreacting because if it looks like you’re overreacting, you’re probably doing the right thing.”
German
Spanish
French
Italian
Portuguese
Japanese
Korean
Russian
Chinese
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...
Ilene is editor and affiliate program
coordinator for PSW.