Author Archive for Zero Hedge

Trader: “Algos Still Think Bad News Will Be Good News. And That’s Wrong”

Courtesy of ZeroHedge. View original post here.

By Richard Breslow, Bloomberg macro commentator and Markets Live reporter

I’m going to a gathering tonight hosted by our MLIV global markets blog. The first panel discussion is the one that really piqued my interest. It is entitled: "Bull Market RIP?" and the first thing that ran through my head was: "Which market?" I know now that the emphasis is on equities. But it really could be any number of asset classes, regions, geopolitical balances and time frames.

There are an inordinately large number of markets in play. And they all seem to be somehow at the same time interconnected but marching to their own drummers. It’s a very difficult time to weave a one-size fits all tapestry. And maybe, for the moment, it isn’t a great idea to try. Inspiration, or at least some clues, will come from the trees not the forest. Stay closer to the markets you know best.

I was wondering why this should be. After all, what has been going on of late appears to make a lot of intuitive sense. I’m down with a higher dollar and bond yields. A somewhat steeper Treasury curve seems entirely appropriate after its massive flattening and nascent hints at inflation. Or, more meaningfully, inflationary expectations. And equities caught within powerful technical bands with very tradable and, to my mind, clear pivot levels.

But the spanner in the works preventing me from having a story and sticking with it is that there are an inordinately large number of exogenous disconnects. Other global markets and economies most decidedly not playing along. Geopolitical risks in virtually all parts of the globe feel mispriced. These aren’t Black Swan events and the lurch back and forth between search for yield and panic liquidation risks becoming an increasingly untenable investing thesis.

Algorithms still think bad news will ultimately be good news. And that’s wrong. Positioning has too large an influence in markets where at any time liquidity goes missing.

And distortions built up over the last decade mean even large corrections that will play out over what feels like an eternity can happen without changing the really big picture. But it won’t feel like it. Despite best efforts to ground my ideas using long-term charts, the…
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Deutsche Bank Reports Disastrous Results As It Retreats From US Investment Banking

Courtesy of ZeroHedge. View original post here.

One of these quarters Deutsche Bank is finally going to report a quarter that is not a disaster… just not today.

This morning, Germany's biggest bank reported its first earnings under its new CEO, Christian Sewing, which missed across the board: Q1 net revenue missed the lowest analyst estimate, coming at €6.98 billion, down 5% and below the estimate €7.27 billion, also missing the low end of the range (€7.12 billion to €7.33 billion), and unlike other banks where at least the rebound in equity trading helped offset stagnant FICC, that was not the case for DB where sales and trading crashed by 17% to €2.45 billion - compared with a an average 10% increase at the big 5 US banks – resulting in a 74% collapse in pre-tax income for the corporate investment bank.

Summing it up, Deutsche’s pre-tax income more than halved to €432MM from a year prior, missing average analyst expectations by almost a third, and resulting in a paltry €120 million in after tax profits, a 79% plunge Y/Y.

Christian Sewing, DB's new CEO, who unceremoniously replaced John Cryan one month ago, did not mince his words when slamming the abysmal results: "We are on a good track both in the DWS asset management business and in our Private & Commercial Bank, although we need to substantially improve profitability in both. Our Corporate & Investment Bank is also doing well in some areas and held or gained market share in certain areas. However, we are not strong enough in other areas of this business. Therefore we have to act decisively and to adjust our strategy. There is no time to lose as the current returns for our shareholders are not acceptable.”

Deutsche Bank's new CEO Christian Sewing

That was just the beginning, however, and as was rumored previously, the bank announced a sweeping restructuring plan, abandoning ambitions to be a top global securities firm, scaling back U.S. rates sales and trading, reducing the corporate finance business in the U.S. and Asia, and reviewing its global equities business with a view toward cutting it back, the bank said in a statement. The measures will lead to a “significant reduction” in…
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Iran Bans Crypto Amid Currency Crisis

Courtesy of ZeroHedge. View original post here.

Just three weeks after "panic" hit the streets of Tehran as the Iranian government attempted to 'fix' the freefall of the Rial against the USDollar…

Middle East Monitor reported last week that Iran’s feud with the US is set to get worse after Tehran announced this week that it will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the American currency due to political tension with Washington.

Central bank governor Valiollah Seif said last week that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion of replacing the dollar with the euro in foreign trade, as the “dollar has no place in our transactions today”.

And now this week, with a decision over the renewal of U.S. sanctions looming large in early May, Safehaven.com's Michael Kern reports that the Iranian central bank has moved to ban all domestic banks from trading in cryptocurrencies, unifying the fiat currency exchange rate and cutting exchange houses out of the mix. 

While the crypto move is purportedly designed to avoid entanglement in money-laundering and terrorism-financing. More significantly, Iran is bracing for a currency crisis and is trying to avoid any further degradation of the rial, which has hit unprecedented lows.

(Click to enlarge)

Not only has it banned cryptocurrency dealings, but it’s also unified its official and open market exchange rates and banned all money-changing transactions outside of banks in order to prop up the rial.

Since September, the rial has lost almost half of its value on the free market, dropping from 36,000 to the dollar to 60,000 to the dollar last week.

The ban was announced on IRNA, Iran’s official news agency, on April 22. The central bank ban follows a similar ban announced in December by Iran’s anti-money laundering body, saying “banks and credit institutions and currency exchanges should avoid any sale or purchase of these currencies or taking any action to promote them”.

In the meantime, the Iranian rial is having a…
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ECB Preview: Don’t Expect Fireworks

Courtesy of ZeroHedge. View original post here.

Submitted by RanSquawk

Ahead of the ECB's Monetary Policy Decision due Thursday at 07:45 EDT/13:45 CET with a Press Conference due at 08:30 EDT/14:30 CET, here are the key highlights:

  • Unanimous expectations look for the ECB to leave its three key rates unchanged
  • Ultimately, this week’s press conference is set to offer little in the way of fireworks with June/July touted as a more opportune time for the ECB to unveil their next stage of major policy announcements
  • Draghi will likely make some reference to the recent softness in data but ultimately maintain that risks to economic growth are ‘broadly balanced’

BACKGROUND

PREVIOUS MEETING: The main takeaway from March's meeting was the ECB's decision to remove their pledge to increase the size and/or duration of QE purchases; an action viewed by the market as the ECB beginning to lay the foundations for more policy 'normalisation'. Aside from the removal of the easing bias, the staff projections saw only mild tweaks from those released in December with the most notable being an additional upgrade to the 2018 growth outlook from an already bullish 2.3% to 2.4%. Furthermore, Draghi also revealed that no additional discussions were held on further policy changes.

ECB MARCH MINUTES: In comparison to the ECB statement and press conference, the minutes offered a slightly more dovish account of proceedings by noting widespread concerns about the potential impact of trade wars. Furthermore, FX was also cited as a source of uncertainty, with EUR strength not fully due to the macro environment and fears that it could have a more negative impact on inflation.

SOURCE REPORTS: The most pertinent source reports came last week with the ECB said to see scope to wait until July to signal an end for its asset purchase program, adding that the ECB is said to have had no talks on the interest rate path after QE ends.

ECB RHETORIC: The most recent rhetoric from President Draghi stated that measures of underlying inflation are subdued but are expected to rise gradually over the medium term, adding that growth momentum is to continue; largely a reiteration. Other notable input came from ECB’s Nowotny on 10th April with the Austrian…
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“Black People Don’t Have To Be Democrats”: Obama-Linked Rapper Backs Kanye As MSM Melts Down Over MAGA

Courtesy of ZeroHedge. View original post here.

Kanye West pal and fellow Chicago-based musician “Chance the Rapper” fired off a tweet in support of his controversial friend, who is once again taking flack from the left over his love of Donald Trump – and most recently, black conservative Candace Owens

“Black people don’t have to be democrats,” tweeted the 25-year-old Chance in defense of Kanye. 

Black people don’t have to be democrats.

— Chance The Rapper (@chancetherapper) April 25, 2018

Donald Trump Jr. agreed with Chance – as did others who declared that people who belong to traditionally liberal demographics can also think differently.

The same goes for all the intersectional groups of the left that say you HAVE to be a democrat. That isn’t true. Be free, think for yourself. https://t.co/01jMdg6ETa

— Donald Trump Jr. (@DonaldJTrumpJr) April 26, 2018

Gay people don’t have to be democrats, either. https://t.co/GtD3uS8PHV

— Chad Felix Greene (@chadfelixg) April 25, 2018

Jewish people don’t have to be democrats.

— Josh Caplan (@joshdcaplan) April 25, 2018

Women don’t have to be democrats, either. https://t.co/lS5rkqmQ0I

— Alana Mastrangelo (@ARmastrangelo) April 26, 2018

Kanye then retweeted Trump supporter Scott Presler who echoed Chance’s sentiments:

Interestingly, political strategist and pundit Ali Alexander (@ali) implored Chance to support Kanye 20 minutes before his tweet:

Wow @ali really called that one. pic.twitter.com/bMKwF7TnnD

— ALX 🇺🇸 ✘ (@TheALX) April 26, 2018

Born Chancelor Jonathan Bennett, Chance the Rapper’s father was an aide to then-Senator Barack Obama, before landing a job in the Department of Labor during Obama’s first term. Chance met with Obama when he was “13 or 14,” where he discussed his ambitions with the future president – who reportedly replied ”word.”

Chance has been an outspoken critic of President Donald Trump – while endorsing Hillary Clinton one month before the 2016 US election. That said, he may have become disillusioned at the skyrocketing murder rate in his hometown.

West, who also hails from Chicago, noted in a Wednesday tweet that “Obama
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How The Globalism Con Game Leads To A ‘New World Order’

Courtesy of ZeroHedge. View original post here.

Authored by Brandon Smith via Alt-Market.com,

When globalists speak publicly about a “new world order” they are speaking about something very specific and rather sacred in their little cult of elitism. It is not simply the notion that civilization shifts or changes abruptly on its own; rather, it is their name for a directed and engineered vision – a world built according to their rules, not a world that evolved naturally according to necessity.

There are other names for this engineered vision, including the “global economic reset,” or the more general and innocuous term “globalism,” but the intention is the same.

The ultimate goal of the new world order as an ideology is total centralization of economic and governmental power into the hands of a select and unaccountable bureaucracy made up of international financiers. This is governance according the the dictates of Plato’s Republic; a delusional fantasy world in which benevolent philosopher kings, supposedly smarter and more objective than the rest of us, rule from on high with scientific precision and wisdom. It is a world where administrators become gods.

Such precision and objectivity within human systems is not possible, of course. Human beings are far too susceptible to their own biases and personal desires to be given totalitarian power over others. The results will always be destruction and disaster. Then, add to this the fact that the kinds of people who often pursue such power are predominantly narcissistic sociopaths and psychopaths. If a governmental structure of high level centralization is allowed to form, it opens a door for these mentally and spiritually broken people to play out their twisted motives on a global stage.

It is important to remember that sociopaths are prone to fabricating all kinds of high minded ideals to provide cover for their actions. That is to say, they will adopt a host of seemingly noble causes to rationalize their scramble for power, but in the end these “humanitarians” only care about imposing their will on as many people as possible while feeding off them for as long as time allows.

There are many false promises, misrepresentations and fraudulent conceptions surrounding the narrative of globalism. Some of them are rather clever and subversive and are difficult to pick out in the deliberately created fog. The schemes involved in implementing globalism are…
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College Installs “Cry Closet” As Safe Space For Student Snowflakes

Courtesy of ZeroHedge. View original post here.

With finals week well underway at the University of Utah, students walking through the J. Willard Marriott Library encountered a white booth with a door on the front, adorned with a sign reading “Safe Place for Stressed Out Students Otherwise known as The Cry Closet.” 

so my school installed a cry closet in the library LMFAOOOOOOOOO what is higher education pic.twitter.com/6rGcJv9qjr

— jacks (@aJackieLarsen) April 24, 2018

After knocking to ensure no other students are utilizing the the tiny safe space, overwhelmed millennial adults can step inside and cuddle with a variety of children’s stuffed animals.

Designed by University of Utah student and visual artist Nemo Miller “in collaboration with Tony Miller and David Meyer,” the booth is basically a functional art installation.

Yooooo!! I’m THE Cry Closet Creator ™️. I’m so stoked that the response has been so incredible!!

— Nemo Miller (@Nemosanartist) April 25, 2018

That said, Utah students who are afraid to come out of the closet will be verklempt after learning that it has a 10 minute time limit. At least students queued up to cry won’t have to wait too long before releasing their emotions all over the stuffed animal companions.

One might think Miller and his two co-creators would have finished their booth using proper craftsmanship techniques easily found on YouTube, but no – from the side it looks like a giant unfinished shipping crate for emotionally underdeveloped adults. One might expect some drywall with perhaps sob-absorbing sound deadening material.

Random fact… this is the side view pic.twitter.com/i16aJv54Gg

— Dev (@DevThaExplora) April 25, 2018

Of the five Cry Closet rules, #5 is to use “#cryclosetuofu” over social media – which people promptly did, with several noting that it can also serve as a local masterbatorium: 

Please note, future employers will also have a ‘Cry Closets.’ They’re known as your car in the parking lot after your sorry ass has been fired after realizing you don’t get paid to be uncomfortable. #cryclosetuofu https://t.co/ZwrJKJ9HQl

— Cleo Volunteer (@cleothevol) April 25, 2018

Oh MY!


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Mystery Bond Trader Makes Massive Bet On Transatlantic Yield Curve Reversal

Courtesy of ZeroHedge. View original post here.

Submitted by Kevin Muir, The Macro Tourist

Shooter McGavin, Bond Trader Extraordinaire

This afternoon some big shooter put on a monster U.S. steepening / German flattening bond block trade. The specifics of the trade were;

  • buy 100,174 US five-year treasury futures
  • sell 63,887 US ten-year treasury futures
  • sell 65,362 German bobl futures (5-year)
  • buy 29,145 German bund futures (10-year)

The chart below shows the moment the block trade was struck at around 11:30am EDT: just then the U.S. curve steepened to session highs while the German curve flattened to the day’s lows.

I did get a few pings asking if I was busy writing some tickets, but alas, the ‘Tourist’s positions have a lot less digits. According to Bloomberg, this massive position has $4.7 million of DV01 risk (dollar-value per basis point) signalling very strong conviction. That’s way above my pay grade, but it’s worth thinking about the rationale behind this whale’s trade.

Let’s break the trade into two parts. The first is the US side. The trader bought the five-year US treasury future and sold the ten-year US treasury future. This half of the trade will profit if the U.S. treasury yield curve steepens between the 5 and 10 year portion of the curve.

The trade was executed at around 18 basis points. But where does this stack up compared to recent trading?

The curve has flattened like it’s Shrove Tuesday and we aren’t that far off the curve inverting. Let’s zoom out a little further and look at this spread through a couple of economic cycles.

During the past two economic cycles, the 5-10-year area of the Treasury curve went negative for at least a brief moment. Yet so far this cycle, the negative print has eluded us.

The trader executing this large bond trade is betting the U.S. 5-10-year spread will rise, but not in an absolute sense, only that it will gain more than the German 5-10-year spread.

Here is a chart of the German 5-10-year spread.

The German yield curve is much more positively sloped than the U.S. curve.

The trader’s position can therefore be summarized as a relative bet on the two countries’ 5-10-year yield curve spread.

Putting it all together, it’s designed to profit if the US 5-10 curve steepens more…
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Police Entered Funeral Home To Unlock iPhone With Dead Man’s Finger

Courtesy of ZeroHedge. View original post here.

Amidst the variety of fourth amendment and online privacy and protection issues that rapid advances in technology have raised over the past decades, it appears that Florida police have just given us something truly unprecedented and disturbing.

According to the AP, “Florida authorities went to a funeral home and used a dead man’s finger to try to unlock his cellphone as part of their investigation.”

Image source: Reuters via CSO Online

While it’s easy to imagine that detectives or FBI agents have likely quietly crossed this line before with no one looking while working murder or kidnap cases, this is the perhaps the first time police have entered a funeral home with no warrant and as family grieved in order access the body in an attempt to unlock the deceased’s iPhone. 

It also appears this was done without notification or approval of family members – simply put, detectives entered the funeral home and simply did it, though they still weren’t able to successfully unlock the phone. 

The AP describes the circumstances as follows:

Thirty-year-old Linus Phillip was killed by a Largo police officer last month after authorities say he tried to drive away before an officer could search him.

At the funeral home, two detectives held the man’s hands up to the phone’s fingerprint sensor but could not unlock it.

Phillip’s fiancee Victoria Armstrong says she felt violated and disrespected.

Phillip’s fiancé , Victoria Armstrong, who happened to be at the funeral home when two detectives showed up with the deceased suspect’s iPhone, told the Tampa Bay Times, “I just felt so disrespected and violated.” She further told a local ABC News affiliate“So they are allowed to pull him out of the refrigerator and use a dead mans finger to get to his phone. Its disgusting.” 

Further disturbing is the fact that the series of events that led Linus Phillip’s death began when police sought to pull him over and search him merely for having illegally tinted windows.

Linus Phillips. Image source: screenshot via ABC Action News

Police say that they smelled marijuana upon stopping him at a gas station parking lot in Largo, but when he allegedly tried to drive off, an officer was dragged alongside the vehicle as he had tried…
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The Great Exodus From America’s ‘Blue’ Cities Accelerates

Courtesy of ZeroHedge. View original post here.

By Kristin Tate, op-ed via The Hill

Am I the only one in my spinning class at Equinox in Manhattan who’s fed up paying $200 every month for a gym with clean showers, $3,000 in rent every month for an apartment without cockroaches and $8 every morning for a cup of coffee? Am I the only one moving through the greater part of New York City boroughs and seeing an inexorable march of urban decay matched with the discomfort of crowding and inexplicable costs? I know I am not.

New York is the most expensive city in America. Its lower-cost neighborhoods are riddled with crime and homelessness. Its public schools, some of which are among the worst in the nation, look more like prisons than places of learning.

With between up to 50 percent of their paycheck going to a combination of federal, local and city taxes, not including other consumer taxes baked into every aspect of their consumer practices, residents don’t even have the comfort of knowing that their tax expenditures are going to the improvement of their lives in the city. New York infamously misuses the hard-earned tax revenues of its citizens in ways that scarcely benefit them.

Eventually, city and state taxes, fees, and regulations become so burdensome that people and corporations jump ship. More people are currently fleeing New York than any other metropolitan area in the nation. More than 1 million people have moved out of New York City since 2010 in search of greener pastures, which amounts to a negative net migration rate of 4.4 percent.

#TaxDay every day: New York City’s stealth tax problem https://t.co/D5XlZOi77h via @KristinBTate

— Kristin Tate (@KristinBTate) April 17, 2018

The recently passed tax bill, which repeals the state and local tax (SALT) deduction, will only speed up the exodus. Thanks to the bill’s passage, many New York taxpayers will save little or nothing despite a cut in the federal rate. The state’s highest earners — who have been footing an outsized share of the bill — will pay tens of thousands of dollars more in income taxes in 2018. In New York alone, loss of the…
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Phil's Favorites

Animal Spirits ep 26

 

Animal Spirits ep 26

Courtesy of 

If you want to know what I’m doing this morning, I’m listening to the brand new episode of Animal Spirits. Our friend Morgan Housel jumped into the mix with Michael and Ben this week to record it. Three of the smartest people I know talking about the investing topics of the week – what’s better than this?

Make sure to subscribe so you never miss a new episode every week.

...

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Zero Hedge

Simon Black On "The Coming Boom In Gold Prices..."

Courtesy of ZeroHedge. View original post here.

Authored by Simon Black via SovereignMan.com,

In June 1884, a local farmer named Jan Gerritt Bantjes discovered gold on his property in a quiet corner of the South African Republic.

Though no one had any idea at the time, Bantjes’ farm was located on a vast geological formation known as the Witwatersrand Basin… which just happens to contain the world’s largest known gold reserves.

Within a few months, other local farmers star...



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Chart School

S&P To Test 200-day MA

Courtesy of Declan

After yesterday's selling today's late recovery was a chance for bulls to catch some breadth.

The S&P came close to tagging the 200-day MA on the intraday low. The index is on a path to the lower channel. There was no technical change and relative performance remains weak.
 


The Nasdaq stalled mid-decline. Today's doji did not appear at a natural support level and the 200-day MA still looks the better support test but aggressive longs may try fish for a position here with a stop on a loss of 6,926.
...



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Digital Currencies

Crypto Billionaire Sued By VC Giant Sequoia Over Collapsed Funding Deal

Courtesy of ZeroHedge. View original post here.

By Marie Huillet, CoinTelegraph.com

Venture capital firm Sequoia is suing Zhao Changpeng, the CEO and founder of Binance, currently the world’s largest cryptocurrency exchange by trade volume, for allege...



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Insider Scoop

Earnings Scheduled For April 25, 2018

Courtesy of Benzinga.

Companies Reporting Before The Bell
  • Thermo Fisher Scientific Inc. (NYSE: TMO) is projected to report quarterly earnings at $2.4 per share on revenue of $5.63 billion.
  • Ford Motor Company (NYSE: F) is expected to report quarterly earnings at $0.41 per share on revenue of $37.16 billion.
  • Twitter, Inc. ...


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Biotech

Why marijuana fans should not see approval for epilepsy drug as a win for weed

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

Why marijuana fans should not see approval for epilepsy drug as a win for weed

Small vials of CBD, which some believe could be a cure for many ailments. Roxana Gonzalez/Shutterstock.com

Courtesy of Timothy Welty, Drake University

A Food and Drug Administration panel recommended approval of a drug made of cannabidiol on Ap...



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ValueWalk

Buffett At His Best

By csinvesting. Originally published at ValueWalk.

Bear with me as I share a bit of my history that helped me create SkyVu and the Battle Bears games. The University of Nebraska gave me my first job after college. I mostly pushed TV carts around, edited videos for professors or the occasional speaker event. One day, Warren Buffet came to campus to speak to the College of Business. I didn’t think much of this speech at the time but I saved it for some reason. 15 years later, as a founder of my own company, I watch and listen to this particular speech every year to remind myself of the fundamentals and values Mr. Buffett looks for. He’s addressing business students at his alma mater, so I think his style here is a bit more ‘close to home’ than in his other speeches. Hopefully many of you find great value in this video like I have. Sorry for the VHS...



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Kimble Charting Solutions

The Stock Bull Market Stops Here!

 

The Stock Bull Market Stops Here!

Courtesy of Kimble Charting

 

The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average.

In my humble opinion, each index above remains in a bull trend, as triple support (200-day moving averages, 2-year rising support lines, and February lows) are still in play ...



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Members' Corner

Cambridge Analytica and the 2016 Election: What you need to know (updated)

 

"If you want to fundamentally reshape society, you first have to break it." ~ Christopher Wylie

[Interview: Cambridge Analytica whistleblower: 'We spent $1m harvesting millions of Facebook profiles' – video]

"You’ve probably heard by now that Cambridge Analytica, which is backed by the borderline-psychotic Mercer family and was formerly chaired by Steve Bannon, had a decisive role in manipulating voters on a one-by-one basis – using their own personal data to push them toward voting ...



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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...



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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

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

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All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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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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