The PhilStockWorld.com Weekly Webinar – 12-04-19
by clarisezoleta - December 5th, 2019 6:00 pm
For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.
Major Topics:
- 00:01:39 – Checking on the Market
- 00:02:53 – 5% Line
- 00:05:47 – AMZN
- 00:10:57 – AAPL
- 00:13:00 – Morgan Stanley
- 00:16:00 – Walmart
- 00:22:15 – CLF/DC
- 00:26:44 – GM
- 00:31:43 – GE
- 00:34:48 – STP
- 00:40:16 – TSLA
- 00:51:36 – Butterfly Portfolio
- 00:52:21 – Dividends Portfolio
- 00:56:07 – Earnings Portfolio
- 01:09:54 – IMAX
- 01:13:49 – iRobot
- 01:18:38 – STP
- 01:26:07 – Hemp Boca Portfolio
- 01:31:42 – Money Talk Portfolio
- 01:34:58 – IBM
Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – click here to join us at PSW!
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What’s the value of your dog’s life, and why it matters
by ilene - December 2nd, 2019 3:32 am
What's the value of your dog's life, and why it matters
Your lovable dog has a value of about $10,000, researchers suggest. Javier Brosch/Shutterstock.comr
Courtesy of Simon F. Haeder, Pennsylvania State University; Deven Carlson, University of Oklahoma, and Joe Ripberger, University of Oklahoma
Americans love their pets, spending more than US$70 billion last year on their beloved companions. This far exceeds the $7 billion spent on legal marijuana, and $32 billion on pizza, just for two examples.
Of the $70 billion, close to $20 billion pays for veterinary care, $16 billion is on supplies and over-the-counter medicines, and $32 billion is for food.
These large sums make it evident that Americans put great value on the lives of their pets. Yet how much value? We set out to find an answer for the pet Americans are particularly fond of: their dogs.
We did so by using an experimental survey design that has been used to establish the value of human lives and many other “priceless” things. Ultimately, we concluded that the value is of the average dog is about $10,000. While some may chuckle at our research, we believe it holds important implications for human medicine, health and well-being.
The path to monetizing Bowser
Starting in the 1920s, the federal government initiated efforts to rationalize its decision-making processes by more systematically accounting for potential costs and benefits of public interventions. While the Flood Control Act of 1936 codified these developments, the Roosevelt administrations sought to expand the range of impacts accounted for in these cost-benefit analyses to shape public policy.
Analysts quickly ran into a daunting problem: How should they incorporate the value of goods and services that are not readily traded in the marketplace into their estimates? The valuation of human life serves as perhaps the most controversial such estimate.
But how do you value the invaluable?
What will people pay?
The work of a housewife complicated economists’ efforts to determine their value. Tancha/Shutterstock.com
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Muddling for Solutions
by ilene - November 24th, 2019 12:34 pm
Muddling for Solutions
This year, I’ve written several times about the 1930s parallels that Ray Dalio and others see with our situation today. The similarities are indeed striking, but there are also important differences. Employment, for one.
Back then, a huge part of the working-age population couldn’t find jobs because there were none to find. Now, the unemployment rate is at record lows. Yet the level of unhappiness is not all that different. Why? How can people have jobs and still be so dissatisfied?
Employment is not a binary condition. Jobs vary qualitatively: wages, benefits, working conditions, security, and more. Further, current conditions include assumptions from the past.
Six+ decades of steadily improving worker conditions have been eroding since the Great Recession. Humans look for easy cause and effect explanations, because we want to blame something or someone when things aren’t the way we want—but it’s not that easy. And it’s particularly difficult when the actual cause is not something we can easily change.
To put it succinctly, if mass unemployment characterized the Great Depression, mass under-employment characterizes today’s economy. Millions don’t earn the wages they need to live comfortably, or they aren’t able to work in the field for which they feel qualified, or they fear losing their jobs, or they’re otherwise discontented.
Should just being “employed” make people/workers happy? On one level, any job is better than no job. But we also derive much of our identities and self-esteem from our work. If you aren’t happy with it, you’re probably not happy generally. Unhappy people can still vote and are often easy marks for shameless politicians to manipulate. Their spending patterns change, too. So it ends up affecting everyone, even those who are happy.
Today we’ll discuss this problem and the importance (and difficulty) of finding solutions. Just for the record, I write about this repeatedly, trying to look at it from different angles because it is
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The PhilStockWorld.com Weekly Trading Webinar – 11-20-19
by clarisezoleta - November 21st, 2019 12:34 pm
For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.
Major Topics:
00:01:48 Checking the Markets
00:06:30 Seeking Alpha News
00:10:43 Checking on Portfolios
00:12:49 Boarder Indexes
00:22:50 VIX
00:25:38 Portfolio Trade Ideas
00:38:03 SPX
00:47:12 LOW and HD
00:49:58 P/E HD
00:52:18 P/E Netflix
00:57:25 Portfolio Strategies
01:03:29 Macy's
01:07:47 Short-Term Portfolio
01:17:11 Checked back on the Markets
Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – click here to join us at PSW!
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NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!
by ilene - November 18th, 2019 3:36 am
NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!
Courtesy of Lee Adler, Wall Street Examiner
Here’s today’s press release (11/14/19) from the NY Fed verbatim. They’ve announced that they will be making special holiday welfare payments to the Primary Dealers this Christmas season. I have highlighted the relevant text.
The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has released the schedule of repurchase agreement (repo) operations for the monthly period from November 15, 2019 through December 12, 2019. In accordance with the most recent FOMC directive, the Desk will continue to offer at least $35 billion in two-week term repo operations twice per week and at least $120 billion in daily overnight repo operations.
The Desk will also offer three additional term repo operations during this calendar period with longer maturities that extend past the end of 2019. These additional operations are intended to help offset the reserve effects of sharp increases in non-reserve liabilities later this year and ensure that the supply of reserves remains ample during the period through year end. They are also intended to mitigate the risk of money market pressures that could adversely affect policy implementation. The Desk will adjust the timing and amounts of repo operations as necessary to maintain an ample supply of reserve balances over time and based on money market conditions, consistent with the directive from the FOMC.
Detailed information on the schedule and parameters of term and overnight repurchase agreement operations are provided on the Repurchase Agreement Operational Details site.
The Fed will offer the dealers AT LEAST $120 Billion per day in overnight repos. It will offer AT LEAST $35 billion in 8, 13-15 day term repo operations. And it will offer a total of AT LEAST $55 Billion in special Christmas Giving Financing, which will almost certainly never need to be paid back.
As I pointed out in an earlier post, the Fed is effectively monetizing the Federal Budget Deficit, dollar for dollar. In addition, it is ensuring that the Dealers can carry their bloated, overstuffed inventory of Treasuries until hell freezes over, and will never,…
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Why telling people with diabetes to use Walmart insulin can be dangerous advice
by Pharmboy - November 14th, 2019 11:41 pm
Reminder: We are available to chat with Members, comments are found below each post.
Why telling people with diabetes to use Walmart insulin can be dangerous advice
A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com
Courtesy of Jeffrey Bennett, Vanderbilt University
About 7.4 million people in the U.S. require manufactured insulin to stay alive. I’m one of them. I’ve lived with Type 1 diabetes for over 15 years and inject two kinds of insulin every day. These insulins are notoriously expensive, and even with health insurance, people with diabetes regularly struggle to make ends meet.
The price of some insulins is now seven times more expensive than it was two decades ago. Studies find that upwards of one in four people with diabetes ration their insulin to stretch prescriptions, putting themselves at risk of dying. As a result, advocacy groups ranging from the American Medical Association to T1International are calling the situation a crisis.
In place of political or corporate action that would make insulin readily available, an unusual social media phenomenon is developing that puts the onus on people with diabetes to stay well. Those with diabetes are being confronted with “alternatives” to high-priced insulin. The most widespread of these appears to be so-called Walmart insulin, an older and much cheaper insulin.
These older insulins have been thrust into the spotlight because of a widely circulated meme on social media that suggests people could manage their disease better if they simply purchased these products. Such insulins cost US$25 a vial and can be obtained without a prescription. However, these insulins do not present a solution to the current health care crisis. Worse, they may put some people’s lives at risk.
I’m a communication scholar who specializes in the rhetoric of health and medicine. My research focuses on how public understandings of diabetes affect political and cultural responses to the disease. I recently published a book-length study about competing conceptions of diabetes “management” and how that term guides our thinking about the disease, which can be seen as easily controlled…
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The PhilStockWorld.com Weekly Webinar – 11-13-19
by clarisezoleta - November 14th, 2019 6:00 pm
For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.
Major Topics:
- 00:01:24 – Coco Cay
- 00:05:08 – Checking on the Markets
- 00:06:28 – Money Talk Portfolio: IBM
- 00:07:28 – China Deal and other Current Issues
- 00:09:40 – SPX
- 00:14:54 – Trump and Other Current Issues
- 00:21:52 – Money Talk Portfolio Review
- 00:31:30 – Aramco
- 00:38:01 – BBBY
- 00:39:04 – Trading Techniques
- 00:44:36 – SKT
- 00:53:07 – More Trading Techniques
- 01:04:42 – Cont. Money Talk Portfolio Review
- 01:07:03 – HBI
- 01:08:26 – M
- 01:12:16 – GOLD
- 01:14:56 – Companies that are Overvalued
- 01:17:09 – TSLA
- 01:17:25 – NFLX
- 01:18:54 – BKNG
- 01:20:52 – STP
Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – click here to join us at PSW!
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The PhilStockWorld.com Weekly Webinar – 10-30-19
by clarisezoleta - October 31st, 2019 1:05 pm
For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.
Major Topics:
00:02:36 Checking on the Markets
00:05:37 Portfolios
00:14:42 T Trade Ideas
00:23:02 GDP Now
00:33:37 BKNG
00:41:42 MJ
00:46:08 Global X Funds
00:47:57 TSLA
00:55:52 Butterfly Portfolio
00:57:22 ENB
01:02:11 FOMC Statement
01:10:20 Markets
01:17:26 Gasoline
01:21:13 UGA
01:26:15 Macy's Property Holdings
01:46:52 More Trade Ideas
01:52:39 M
Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – click here to join us at PSW!
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The PhilStockWorld.com Weekly Webinar – 10-23-19
by clarisezoleta - October 24th, 2019 6:00 pm
For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.
Major Topics:
00:01:34 – Checking on the Markets
00:03:53 – Petroleum Status Report
00:10:51 – Earnings Portfolio
00:11:53 – Trade Techniques
00:15:35 – IRBT
00:22:48 – Chipotle (CMG)
00:26:53 – Continuation: Earnings Portfolio
00:27:31 – TXN
00:32:01 – Most Anticipated Earnings Release as of October 21, 2019
00:36:40 – SNAP
00:43:23 – SIX
00:47:10 – CANE
00:49:38 – MCD
00:52:18 – Blaze Pizza
00:57:55 – CLF
00:58:28 – BA | CAT | WM |
01:01:04 – MSFT
01:02:49 – TSLA
01:04:38 – DOW
01:08:40 – AMZN
01:13:54 – INTC
01:14:11 – LLY
01:13:32 – GILD
01:16:50 – IBM
01:27:16 – CLF
01:28:20 – Earnings Portfolio
01:31:00 – CLF
01:32:54 – LB | Victoria's Secret
01:44:20 – LTP
Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – click here to join us at PSW!
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The PhilStockWorld.com Weekly Webinar – 10-09-19
by clarisezoleta - October 10th, 2019 8:51 pm
For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.
Major Topics:
00:01:39 – Checking on the Markets
00:02:28 – Powell
00:06:21 – EIA Report
00:11:30 – VLO
00:22:01 – Natural Gas
00:36:25 – CNBC
00:37:42 – S&P 500
00:45:47 – OIH
00:57:38 – FOMC
01:02:42 – EUR
01:08:23 – Trade Techniques
01:09:44 – STP
01:12:51 – Hemp Boca
01:15:45 – Pot Cafe West Hollywood
01:20:25 – Butterfly Portfolio
01:24:35 – China Trade Meeting
Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – click here to join us at PSW!
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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. She manages the site