Author Archive for Zero Hedge

“Elon Wants This Fat P*ssy”: Azealia Banks Posts Text Message Flame War With Grimes

Courtesy of ZeroHedge. View original post here.

Just a couple of days ago we posted that subpoenas could be forthcoming for Elon Musk’s ex-girlfriend, Grimes, and Musk’s one time houseguest Azealia Banks, as part of an investor lawsuit against Musk for last summer’s “funding secured” fiasco. We said in the post that the discovery process in the case could lead to interesting information as to what was going on behind the scenes, and in the mind of the parties involved, during the time Musk is alleged to have committed securities fraud.

It now looks like we may not even need to wait – according to an unverified Twitter account (and semi-confirmed circumstantially by statements made on Banks’ Instagram) Azealia Banks allegedly recently posted conversations of text messages between her and Grimes from the summer of 2018. Upon examining these alleged text messages it appears as though Banks and Grimes had a massive falling out in August 2018 that led to a text message flame war. 

The texts show Grimes allegedly calling Banks a “narc” and Banks leading on that Elon Musk might be interested in her instead of Grimes. Banks calls Grimes a “sore loser” and later tells her she doesn’t “even have bone marrow”. 

After being called fat, Banks allegedly tells Grimes she smells “like a roll of nickels” and that she’s “not enough woman” for a man like Musk. “Elon is way out of your league,” Banks says. “He wants me…bad,” she continues. 

After Grimes allegedly pokes Banks with a food joke, Banks follows up by informing her that “Elon wants this fat pussy”. She tells Grimes she needs “an IV and a tan” as well as “some breast implants, lip fillers and a burger”. 

“You’re a basic white woman,” Banks allegedly says to Grimes. “I am by nature – superior to you, dear,” she continues, before Grimes finally ends the conversation. “Sweet narc dreams,” Grimes says to Banks, who signs off by saying “OK you brittleboned methhead”. 

Though we were not able to verify these texts from Banks’ instagram at the time we published this, we were able to locate a post in her IG story that seems to allude to the fact that they had been taken down. 

If you couldn’t wait for discovery in this lawsuit before, we can’t imagine how you’re feeling about it now. The strange Tesla saga continues – and it feels like it’s only going to get stranger.





“Recent Market Dynamics Would Be Consistent With The Economy Already In A Recession”

Courtesy of ZeroHedge. View original post here.

One week ago, when we discussed why the Fed now finds itself trapped by the slowing economy on one hand, and the market's response to the Fed's reaction to the slowing economy (namely the market's subsequent sharp rebound, only the third time since 1938 that we've seen a V-shape recovery of this magnitude when the market dropped down more than ~10% and spiked +10% in the subsequent period), we said that the "obvious problem" is that the Fed is cutting because the economy is indeed entering a recession, even as market have already rebounded by over 10% from the recent "bear market" low factoring in a the economic response to an easier Fed, effectively cutting the drop in half expecting the Fed to react precisely to this drop, while ignoring the potential underlying economic reality (the one confirmed by the bizarrely low neutral rate, suggesting that the US economy is far weaker than most expect).

Ultimately, what this all boils down to as Bank of America explained yesterday, is whether the economy is entering a recession, or – somewhat reflexively – whether the suddenly dovish Fed, trapped by the market, has started a chain of events that inevitably ends with a recession. The historical record is ambivalent: as Bloomberg notes, similar to 1998 and 1987, the S&P fell into a bear market last month (from which it immediately rebounded) following a Fed rate hike. The difference is that in the previous two periods, the Fed cut rates in response to market crises – the collapse of Long-Term Capital Management in 1998 and the Black Monday stock crash in 1987 – without the economy slipping into a recession. In comparison, the meltdown in December occurred without a similar market event.

And yet, a meltdown did occur, and it has a lot to do with confusing messaging by the Fed, which did a 180-degree U-Turn when in the span of just two weeks, the Fed chair went from unexpectedly hawkish during the December FOMC press conference (which unleashed fire and brimstone in the market), to blissfully dovish when he conceded at the start of January that the Fed will be "patient" and the balance sheet unwind is not on "autopilot."

But it wasn't just the Fed's messaging in a…
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Illinois’ Lethal Combination: Rising Property Taxes & Stagnant Incomes

Courtesy of ZeroHedge. View original post here.

Authored by Ted Dabrowski and John Klingner via WirePoints.com,

A lethal combination of rising property taxes and stagnant incomes has forced many Illinoisans to rethink their relationship with their state. More than 1.5 million net residents have already fled the state since 2000 – and you can’t blame others for thinking about joining them.

Property taxes have become punitive in Illinois. We’ve written about how these taxes have destroyed the equity in people’s homes across the state. Many families have done the math, and whether they’re in the struggling south suburbs of Chicago or the affluent North Shore, they’ve decided to leave Illinois behind.

The traditional method for measuring the burden of property taxes is to look at a household’s property tax bill and compare it to a home’s value. Under this method, Illinoisans pay the highest property taxes in the nation. At 2.7 percent, Illinoisans pay far more than residents in neighboring states – twice more than those in Missouri and three times more than residents in Indiana.

That fact is outrageous on its own.

But to really understand the pain that these taxes inflict on Illinoisans, it’s important to compare property tax bills to household incomes. After all, those bills are paid straight from people’s earnings.

The unfortunate reality is that Illinois incomes have been stagnant for years – and falling when you consider the impact of inflation.

Between 2000 and 2017, Illinois median household incomes increased just 34 percent, far short of inflation. In contrast, household property tax bills are up 105 percent, according toIllinois Department of Revenue data.

The net result: Property tax bills per household have grown three times faster than household incomes since 2000.

That means more of Illinoisans’ hard-earned incomes are going toward property taxes and less towards groceries, college tuition, and retirement savings. In 2017, 6.73 percent of household incomes went toward property taxes, up from 4.3 percent in 2000.

That’s a 55 percent increase in the effective tax rate.

The detailed data is below:

Property taxes, county by county

Residents of Lake County pay the highest property taxes in Illinois when measured as a percentage of household incomes. In 2000, Lake County residents paid 6.5 percent of their household incomes toward property taxes. Today, residents pay 9.1 percent. That’s a 40…
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China 2018 GDP Growth Slows To Weakest In 28 Years

Courtesy of ZeroHedge. View original post here.

Update: Not wanting to bury the lead, here is some context for the mixed bag tonight from China. China’s annual GDP growth in 2018 was +6.6% – that is the weakest annual GDP growth since 1990…

*  *  *

After downbeat headlines over US-China trade talks, and following China’s greatest liquidity injection ever (over 1.1 trillion yuan last week) after weak Chinese macro data in the last few months (including the collapse of China trade data), all eyes were on tonight’s avalanche of China economic data.

The Q3 bounce in macro data was extremely weak…

And yuan has oddly strengthened…

Despite constant easing by fiscal and monetary authorities

After the weakest trade data since 2016, which reflects an end to export front-loading and the start of payback effects…

China just injected a record 1.16 trillion yuan into the financial system… (yea trillion with a ‘t’)

We’ve had no shortage of warning signs in recent weeks and months that the slowdown was becoming more broad based, including the official manufacturing PMI dipped below 50 into contractionary territory for the first time since March 2016.

China’s car sales, for example, declined last year for the first time in more than two decades.

Here’s another sign that China’s economy is slowing: GDP in the southern manufacturing hub of Shenzhen grew at 7.5 percent in 2018, Xinhua reported Friday. That compared with a growth rate of 8.8 percent in 2017, and 9.1 percent in 2016.

So what does tonight hold?

  • China Retail Sales YoY BEAT +8.2% (+8.1% exp)

  • China Industrial Production YoY BEAT +5.7% (+5.3% exp)

  • China Fixed Asset Investment YoY  MISS +5.9%(+6.0% exp)

  • China Property Investment YoY SLOWED +9.5% YoY

  • China Surveyed Jobless Rate WORSENED 4.9%

And last but not least the big one:

  • China GDP YoY SLOWED +6.4% (+6.4% exp)

And visually…

These figures at first glance should alleviate concerns that China’s slowdown would continuously get worse, although the question of course will be how reliable these figures are, but they do suggest that China’s efforts to support growth are already starting to have some effect.

There was no dramatic impact as yet in markets.

The question is – is good new, bad news?
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US Futures Tumble After US-China Trade Talks Headlines

Courtesy of ZeroHedge. View original post here.

Seemingly confirming what Senator Chuck Grassley said last week had been relayed to him, Bloomberg is reporting that US-China trade talks are faltering as China refutes American claims of IP theft and USTR lighthizer has reportedly told US lawmakers that "little progress" has been made on the critical IP protections.

Bloomberg reports that, according to people close to the discussions, the two sides have so far made little progress on the issue any deal Trump strikes with China may ultimately be judged on: ending what the U.S. has dubbed as decades of state-coordinated Chinese theft of American intellectual property.

The reaction is not positive in the equity futures market…

Bloomberg reports that the discussions that took place earlier in January amounted more to an airing of grievances than constructive negotiations, according to participants and others briefed on the talks.

The lack of progress in discussions on structural issues such as IP was confirmed by Robert Lighthizer, the U.S. trade representative, in a meeting with lawmakers last week, according to congressional aides. His office declined to comment.

As Chinese leader Xi Jinping prepares to send top economic emissary Liu He to Washington for Jan. 30-31 talks, the IP stalemate gets to the heart of Trump’s trade wars and questions over his ability to turn the leverage he’s created with tariffs into meaningful Chinese policy changes. It also points to the potential political fallout.





Hedge Fund CIO: “The Media Has Embraced Ocasio-Cortez Smelling Impressions, Clicks, Blood, Money”

Courtesy of ZeroHedge. View original post here.

Submitted by Eric Peters, CIO of One River Asset Management

The US government remained shut. But pollsters carried on. 81% of Likely Democratic Voters favor a Green New Deal, focused on climate change, income inequality and racial injustice — 63% of Republicans are opposed, Independents are evenly divided. 59% of voters support raising the marginal tax rate on the richest Americans to 70%. Democrats overwhelming support the tax hike, with 71% in favor. And even 45% of Republicans back the 70% tax. As the pendulum is just now starting its long arc back toward greater equality.

“Oh? What’s that? The majority of Americans respect when you break down reasonable policy proposals that are designed to combat runaway income inequality and help fund priorities they value most?” tweeted Alexandria Ocasio-Cortez (AOC) in response to the poll showing the majority of Americans favor a 70% top marginal tax rate.

“What we see, overall, is that the vast majority of Americans know that income inequality is one of the biggest issues of our time,” continued the 29yr old freshman Congresswoman, Champion of Millennials.

“This is a policy that is already popular and it’s time that we embrace working Americans and it’s time that the Democratic Party fights in a full-throated manner for the working class in the United States and to not support a marginal tax rate is to really just allow runaway wealth and inequality to persist,” said AOC, as she went viral, terrifying opponents, invigorating supporters.

The media embraced her, smelling impressions, interactions, clicks, blood, money. You see, as fun as it is to fight amongst ourselves over fences, the real conflict is over America’s vast economic pie, how we divide it, how we spend it.

And when viewed that way, the great battle that emerges is not Democrat versus Republican – that’s just a distraction, distortion, diversion - the real battle is between capital and labor, the wealthy versus everyone else.

The Washington Post estimated the revenue raised over a decade from a 70% top marginal tax rate on those earning $10mm+ could almost fully fund a tuition-free public college plan, forgive over half of US student debt, or nearly pay for a $1trln infrastructure…
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Mortgage Stress Test Blamed For 25% Collapse In British Columbia Home Sales

Courtesy of ZeroHedge. View original post here.

Home sales in British Columbia, Canada's westernmost province, collapsed in 2018 is mostly correlated to the mortgage stress test that started in January 2018, which decreased buyers’ purchasing power.

The B.C. Real Estate Association (BCREA) reported Tuesday that a total of 78,345 homes were sold on B.C.’s Multiple Listing Service (MLS) in 2018, a massive drop of 24.5% from the 103,758 units sold in 2017.

“B.C. home sales fell below the 10-year average of 84,800 units in 2018,” said Cameron Muir, BCREA’s chief economist. “The sharp decline in affordability caused by the B20 mortgage stress test is largely to blame for decline in consumer demand last year.”

The slowdown in home sales is a government measure to cool the Greater Vancouver's bubbly housing market that will take full effect in 2019, setting the stage for further declines.

Numerous provincial policies, combined with the federal stress test have clamped down on the buying power of borrowers, leading to a possible near-term top in the housing market.

Despite this rapid slowdown, the average sale price of all homes in the province was the same price versus the previous year, edging up +.40% to $712,508 – an increase of roughly $3,000.

The slight upward trajectory in prices masks the topping activity that was spotted in early 2018. Sales prices continued rising to record levels until late spring, and since, have been declining gradually, as fewer luxury homes sold.

The province experienced the most significant slowdown in sales activity in Greater Vancouver (-30.4%) followed by the Fraser Valley (-26.3%). The only region within the province to see an annual jump in home sales was the Northern region, which saw a rise of 10.2% over 2017. All areas saw a slight year-over-year increase in the average home sale price, but momentum is undoubtedly waning.

The BCREA also reported on December 2018’s housing stats. A total of 3,497 were sold on the province’s MLS in December, down 39.1% from December 2017.

The average price in the province in December was $695,647, a drop of 5.2% compared with December 2017.

The BCREA added, “Total active residential listings were up 33.3% to 27,615 units in December, the highest December inventory since 2014 when 33,995 active residential listings were recorded.”

Despite the significant sales activity slowdown last year, it seems inventory is now flooding the market with declining demand, a move that could send the industry in turmoil by summer. These are the markings of a real estate top. If you live in the British Columbia region, prepare for an economic storm.





Jamaica’s 37-Company Exchange Was 2018′s Best Performing Stock Market

Courtesy of ZeroHedge. View original post here.

The Jamaican stock exchange, unknown to most of the world and which is open for trading only three and a half hours a day, was 2018's best performing stock market.

The exchange – which started 50 years ago, by Edward Seaga, a Jamaican Harvard graduate who worked as a record producer in the 1950s and 1960s – saw its main index up 29% during 2018, the most among 94 national benchmarks according to Bloomberg . Over the last five years, Jamaica's impressive market returns are even more pronounced: Jamaican stocks are up almost 300%, more than quadrupling the next national benchmark and outperforming the S&P 500 nearly seven times.

The blistering ascent of the local stock market took place despite real growth in Jamaica averaging less than 1% over the last four years; in 2018, growth in Jamaica was expected to come in at 1.7%. However, the small size of the local market has kept it relatively insulated from the broader economy, and helped Jamaican equities move as quickly as they have. As a result, the total value of the 37 stocks on the main index is less than $11 billion.

And now, capital is starting to trickle into Kingston as it tries to reinvent itself as a financial hub. Paul Simpson, a 36-year-old banker and investor in Kingston told Bloomberg:  “Clearly, capital goes where it’s comfortable. To see capital coming here means people must be comfortable." That, or they are simply hoping to recreate past returns.

 

The floor of the Jamaican stock exchange

The financial industry in the country is located mostly in the neighborhood of New Kingston. It isn’t a tourist destination like Negril and it isn't impoverished, like Trench Town. Instead, it’s an area where you’ll find Porsche dealerships and Starbucks.

Similar to China, over the past decade, the country's financial sector assets have tripled and its number of financial institutions have multiplied by a factor of eight.

It gets better: the World Bank now ranks Jamaica as the sixth best nation for ease of starting a business. Economist Uma Ramakrishnan, the IMF’s Jamaica mission chief said that "If I could
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“It Feels Apocalyptic” – A Letter From Zimbabwe, Where The Country Remains In Total Shutdown

Courtesy of ZeroHedge. View original post here.

Zimbabwe is once again at the brink of economic collapse, making a mockery of President Emmerson Mnangagwa’s claim that the country is open for business.

As Bloomberg reports,  many shops and factories have shut their doors because of a lack of customers and those that continue to trade are open to haggling over prices to secure hard currency. At an appliance shop in the capital, Harare, a salesman whispers that a Whirlpool Corp. washing machine priced at about $5,000 if paid for electronically will sell for $1,500 in cash, while at a nearby electrical warehouse, a $600 invoice is whittled down to $145 for payment in dollar bills.

But, as OilPrice.com's Tsvetana Paraskova reports, Zimbabwe is on a three-day nationwide strike and protests are erupting in the streets after the government of the southern African country doubled fuel prices, making gasoline sold in Zimbabwe the most expensive gasoline in the world. 

Via Namibia Economist blog,

We are now in our third day of complete shutdown throughout the whole of Zimbabwe.

Banks are closed, schools are closed, roads are closed in and out of the main towns and transport systems have shut down.

There are no newspapers to be bought, the Internet has been shut down by the government and everything is at a complete standstill.

People are too afraid to move around as a result of the burning of vehicles by vigilante groups and the complete dearth of any updated information or warnings due to the total social media blackout. This means that no WhatsApp messages or photos can be sent, no one can access Facebook or Messenger, and the situation is very tense.

In some centres it almost feels apocalyptic. We have heard gunfire, and before the Internet was closed down, saw pictures of dead and wounded people. It is unclear how many people have died but before the media blackout, it was reported that there had been five deaths and more than 200 people had been arbitrarily arrested.

Elements of the police and military are also involved in ensuring that there is a complete shutdown. People in civilian dress armed…
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This Is The One Chart Every Trader Should Have “Taped To Their Screen”

Courtesy of ZeroHedge. View original post here.

After a year of tapering, the Fed’s balance sheet finally captured the market’s attention during the last three months of 2018.

By the start of the fourth quarter, the Fed had finished raising the caps on monthly roll-off of its balance sheet to the full $50bn per month (peaking at $30bn USTs, $20bn MBS, although on many months the B/S does not actually shrink by this full amount which depends on the redemption schedule) and by end-Q4 markets also experienced some of the largest volatility and drawdowns in nearly a decade.

As Nomura's George Concalves writes in a Friday letter, whether it was a coincidence or not, broader markets questioned the Fed’s original view that B/S roll-off was going to be like “watching paint dry.” Indeed, recent Fedspeak has shifted to being more open-minded, with Fed policy makers suggesting that they are prepared to be “flexible” in implementing their balance sheet policy.

The reason for that is that as both the market and the Fed (and especially Chicago Fed president Charles Evans) were violently reminded, just as QE added liquidity and boosted all asset prices, so QT is draining liquidity from the system. Worse, as Marko Kolanovic wrote in his latest report from Jan 16, given the recent collapse in liquidity and the toxic feedback loop of flows- liquidity-volatility which we discussed last week, "investors are very attentive to monetary policy measures that may affect liquidity."

And since the most closely watched metric of systemic liquidity is once again the pace of the Fed’s balance sheet change, and specifically, reduction, Kolanovic notes the recent example of a sharply negative market reaction to the comment that balance sheet reduction (Quantitative Tightening or QT) will be on autopilot (and positive reaction when this statement was later modified). Additionally, even casual remarks on the balance sheet has dramatic and "significantly negative intraday impacts on markets" (such as Powell's recent remarks that the balance sheet should be "substantially smaller").

But why, Kolanovic asks rhetorically, is there such a focus on the Fed’s balance sheet from investors?

The answer is obvious: by now only clueless hacks will deny…
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Phil's Favorites

Global warming 'hiatus' is the climate change myth that refuses to die

 

Global warming 'hiatus' is the climate change myth that refuses to die

riphoto3 / shutterstock

Courtesy of Kevin Cowtan, University of York and Stephan Lewandowsky, University of Bristol

The record-breaking, El Niño-driven global temperatures of 2016 have given climate change deniers a new trope. Why, they ask, hasn’t it since got even hotter?

In response to a recent US government report on...



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Zero Hedge

"Elon Wants This Fat P*ssy": Azealia Banks Posts Text Message Flame War With Grimes

Courtesy of ZeroHedge. View original post here.

Just a couple of days ago we posted that subpoenas could be forthcoming for Elon Musk's ex-girlfriend, Grimes, and Musk’s one time houseguest Azealia Banks, as part of an investor lawsuit against Musk for last summer's "funding secured" fiasco. We said in the post that the discovery process in the case could lead to interesting information as to what was going on behind the scenes, and in the mind of the parties invo...



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Chart School

Bitcoin is entering the Dead Zone

Courtesy of Read the Ticker.

Bitcoin and the technology boom of 1990's have so much in common, you would think they are twins!

Previous Post: Bitcoin is so like 1979 silver

The chart below shows how similar each story is.

Mr Market knows this, therefore the desire to enter this market is low, and lower prices will plaque Bitcoin for the next 18 months at least. The supply of coins into this market will continue, and prices will continue to fall, there may be bear market rallies along the way, and the good news is the patient (yip that word) long term investors will have the chance to accumulate coins at pre 2017 bubble launch zones...

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ValueWalk

Everyone Else Is Selling Stocks, So Is It Time To Buy?

By Michelle Jones. Originally published at ValueWalk.

After a difficult few trading days in the beginning of the year, U.S. stocks are bouncing back with meaningful gains on Monday following Friday’s strong rally. The S&P 500, Dow Jones Industrial Average and Nasdaq 100 were all up by more than half a percent by midday. It looks like investors could be taking advantage of the end-of-the-year declines, but is this a wise time to be buying?

Trying to time the bottom of the market will almost always be a fool’s errand, but one firm suggests equities could have much farther to fall before they hit bottom in 2019.

...



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Kimble Charting Solutions

Stock declines did not break 9-year support, says Joe Friday

Courtesy of Chris Kimble.

We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an end.

The first part of the “stocks take an escalator up” seems to still be in play as well despite the swift decline of late.

Joe Friday Just The Facts Ma’am- All of these indices hit long-term rising support on Christmas Eve at each (1), where support held and rallies have followed.

If you find long-term perspectives helpf...



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Digital Currencies

Transparency and privacy: Empowering people through blockchain

 

Transparency and privacy: Empowering people through blockchain

Blockchain technologies can empower people by allowing them more control over their user data. Shutterstock

Courtesy of Ajay Kumar Shrestha, University of Saskatchewan

Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.

Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be erased or falsified. The...



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Insider Scoop

Cars.com Explores Strategic Alternatives, Analyst Sees Possible Sale Price Around $30 Per Share

Courtesy of Benzinga.

Related 44 Biggest Movers From Yesterday 38 Stocks Moving In Wednesday's Mid-Day Session ...

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Members' Corner

Why Trump Can't Learn

 

Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



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Biotech

Opening Pandora's Box: Gene editing and its consequences

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

 

Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from www.shutterstock.com

Courtesy of John Bergeron, McGill University

Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.

...

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Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

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

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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