Phil-
I would like to echo the sentiments of dclark41. Joining this site was the best thing I have ever done to aid my growth as a trader/investor. There are so many smart and experienced people here sharing their ideas that regardless what your investing style is you will learn something daily. Thank you and all the regular contributors for your generosity.
Acd54
It was a nice day thanks to your help! Made over $1100 shorting TF every time it came up near 1260 and even more by going long oil before inventory under $46 and then waited patiently for the spike up into the close where I shorted it at 47.70 or so. Phil you gave me a road map and I simply followed the signs along the way.
Craigsa620
Phil, have to thank you for saving me today. I think the discipline I have learned from this site has helped me as much if not more than the actual picks.
Rustle123
Thanks, I managed to make 2k today so I am happy…and feel like I am finally getting it. New equipment and a quiet place to work helps a lot. I am happy for all the members that took your /NKD advice….that was fun I am sure! coke Take your vitamins…I don't know how you do all this! but, keep it up!
Coke
Thanks for the USO mention, Phil, 140% on my USO lottery ticket in 12 hours, and no hesitation in taking the money and running — you have trained us well. Sometimes it's teaching, but with this kind of stuff, where you get whipped like a dog if you let 250% profit melt away, it's definitely training. Happy Fourth!!!
Zeroxzero
What a quarter! (AAPL, etc.) "People react; PSW'ers anticipate." Thanks everyone for a vibrant board.
Silentstorm
Simply the best blogger with the greatest group of members a person could surround himself with on trading day. I've been trading for quite some time now and the insights & suggestions offered by Phil and the members keep me on a continuous learning cycle.
DDay
Phil: Once again thanks for those inciteful comments, and the old links to Sage's portfolio management (I hadn't read before). I'm an experienced stock trader, but over the last 3 or 4 months have come to appreciate options trading here at PSW, and the consistency of your many premium-selling strategies. It is liberating to have to worry less about getting direction right and being able to generate 5% MONTHLY returns with close to delta-neutral positioning. Much appreciated!
Neverworkagain
I am an investor, not a trader. The information at Phil's World is top-notch and always relevant. It is great to see your website thriving.
Prof
This site, for me, is where I have learned how to use options & futures. It is also where I get a constant flow of new ideas. In addition, it's great to know that I have many sources, mostly Phil, if I get lost in a trade. I have been here for 8 years, and am grateful to PHIL and fellow members. I manage about half a million, and although I may not always achieve what Phil does, I am not complaining. I have learned so much. Thank you Phil!
DClark41
Phil - Another excellent teaching article - when you write like that it blows me away. Thank you!
I had the ideas from earlier articles but what I didn't have was enough understanding. The familiarity of ideas through repetition, re-working, revision - over time - the variation, the pulling out of implications - it all contributes to understanding and mostly thats on the student - but a good teacher (worth their weight in gold) makes understanding a pleasure.
I wanted to learn about trading options because it makes my brain feel better - fitter, healthier. Actually mostly it makes me happy to think about the trade and trading options.
You are a good teacher and I know that or I wouldn't value the subscription the way I do. It pays for itself through the pleasure of understanding alone.
Redfern1
Phil.... I remember back in March of '09, you stated " Unless you think the country is going to hell in a hand-basket, NOW is the time to do your buying". Do you remember ?
I took your advice, and bought leap $2.00 calls on F, approximately 200,000 shares using the options, for just pennies. Now that was the best Ford I ever owned.... made over $1 mil - thanks go to you Phil. I now drive a Mercedes but still "love" the Ford.
1234Gel
We are lucky to be in America and it is great to be part of the PSW tribe. Keeps me thinkin' and gatherin' the profits. ~ 42 % gain in my trading account year to date, which keeps me happy. Half to a third of the trading account is reserved in margin capacity that Is not committed. So, again thanks Phil and all of you other members.
Newthugger
I am not a user of phil's site now, but was for a couple years. His advice and information is excellent. Perhaps even better, you get access to real-time trades of additional traders on his site (OptTrader, etc) and the other members who post what they are buying and selling. Overall, its a very valuable information tool. Expensive, but paid for itself many times over. I did not renew my membership because I switched jobs and did not have time to trade nearly as much.
XRTrader
Phil, I was so impressed with the personal note in the comments that I went ahead and paid for a months trial of premium that I have been on the fence for awhile about. Just reading the comments makes me already glad for the purchase.
Smasher
I have learned more about options in the past 2 weeks as a full PSW member that the previous 5 yrs of making more bad than good option plays. The educational material alone is worth several times the price of admission. I have had an expensive education on what not to do- what is past is past- I am looking forward to profitable/fun future.
Pstas
Phil - I LOVE these futures trades at random hours! I wasnt able to get in on the 612 part but if I had it wouldve been 130$ (2.6%) on a 5k contract in less than 30 minutes. I know you have to sleep, spend time with fam, ect but Im just letting you know that your posts after hours/late at night has made people who followed them a decent chunk of change. Thank you, we appreciate it!
Jromeha
Happy Thanksgiving Phil and to your family and associates. Also to all of the other fellow citizens of Phil's Stock World. I am particularly happy and thankful that I clicked on your article in Seeking Alpha a number of years ago. That opened the gate to Phil's Stock World and "being the house". My wallet thanks you as does my peace of mind in trading options, stocks and rarely futures. Your liberal views opened up my views—being a boot strapper (pulled myself out of a poor background) I was a CONSERVATIVE—cynical of others who weren't as driven. Now, I am much less so; you have taught me more than how to make money and manage risk. So, again I give thanks to you and the others of PSW!!
Newthugger
Phil – BTW, the new STP/LTP coupled with the income portfolio is Perfect! I do not trade all of them, very few actually since I work during market hours. However, following the trades real-time is very educational.
I did enter the ABX call if you recall, I rolled to July on that nonsense news that sent it tumbling. Out today for 110% gain (2.00 stop) not counting covering the loss from the earlier roll. Nonetheless, a good trade.
Keep it up…. Thanks
JFawcett
Thank God for Phil.
A few months ago (April) I didn´t even know what hedging was, and someone recommended I should check out some of Phil´s plays, especially on the retirement portfolio. When I first started to read it, none of it made a blind bit of sense to me, but I stuck with it and gradually began to work through some of the trades to see how it worked. Now I am putting on 5:1 SPY backspreads combined with bear put spreads, entering and leaving positions after consulting the VIX, and engaging in other esoteric maneuvers that are keeping my portfolio above water.
jmm1951
Phil — gotta thank you for your advice this week, and especially today. I took many aspects of your advice this morning, with all of my shorts -- being prepared on the short side, selling into intial excitement, taking the money and running, not being greedy. I also made money on the your /QM and /YM calls. It used to be I would be terrified of weeks like this one. Now, it feels somewhat comfortable, for want of a better word.
Escohen5
Phil - Your logic not only makes sense, but it made a lot of premium profit for me over the past 12 months. I have recovered much of the massive equity losses of last year. My Monday play is the sale of long term puts on FXI. Love the premium!
Gel1
All I can say is — I understand that the Universe sent me to PSW for a reason. So, I'm listening!! …and studying. Your commentary is literally outstanding. …and your members are impressive as well.
Seaquill
I have an under 50k account that im trading I dont do all the trades but pick and chose to keep diversified.
With what Ive learned from being a member I average $400 to $800 per week trading futures
BertII
I took $2 (up 133%) and ran on those USO puts, quite a bit more than the 20 you played in the $25KP. Thank you once again for turning a bad market week into a great personal week. You will be happy to know I am back to cashy and cautious with a few of your favorite longs into the weekend. Thanks to Phil, JRW and all the members who share their knowledge here.
Dennis
Maya, After years of being pretty good at picking stocks I still managed to lose almost as much as I made.All the reading Phil asked us to do as a new member (And everything else I can get my hands on lately) has revealed my Achilles Heal.Good stock picks do not necessarily make money. My problem was swinging for the fences. Since becoming a member Jan 1 this year and getting into to scaling into small trades I am amazed at the steady profit growth I have experienced already while not worrying about getting killed. And having fun doing it.. Phil, Thanks for the education, the help you give and the chance to learn more and get better. Also thanks to all the members who have answered the few questions I had when your not around.
Ricpar
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
hil, I hit my targets for the year in my 401K (thanks in no small part to your site), so I cashed out of all positions a couple of weeks ago. Feels good... I'm conservative with this money –looking for 2% per month, which i've been able to do… thx.
Lunar
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 have been a "silent" member for the past year, and am 1,000 hours into the 10K hours of training (The last week is worth at least 500 hours!). Made lots of mistakes and misunderstood quite a few of Phil's calls, … some actually made money when reversed. The chat (Including the politics) is very engaging (Many great minds with international coverage), and a great companion, while nursing a trade gone wrong, through the night. The webinars (despite technical difficulties) are extremely useful. Thanks for your coaching … it has made me a consistently profitable trader, with a better understanding of what I do not know.
Phil's Weekly Trading Webinars provide a great opportunity to see what we do at PSW in real time. For LIVE access to PSW's Weekly Webinars each Wednesday at 1:00 pm EST join us at PSW!
Subscribe to our YouTube channel and view our past weekly webinars here.
Finally it's not a matter of if, but when and that makes a lot of difference for a market that was not even pricing in if. As you can see from the statement, only very minor changes were made with the key change being "inflation running persistently below" to "inflation having run persistantly below". Even the Fed don't want to seem like idiots and the time for ignoring inflation is now past us and a Fed that's fighting inflation is generally fighting fun – it is time for Daddy to take your TBills away…..
Ah, remember the 60s, when "now" used to rhyme with "now" – life was so simple then (or maybe we were idiots?). I think that's called the Canadian/Japanese Rhyme Scheme (just say whatever and end each sentence in "Eh" or "Neh")?
Anyways, the Fed said whatever in their statement but it was the data that changed – especially the "Dot Plot", which now shows 7 Members favoring a rate hike (gasp!) next year and pretty much all of them expecting to be (gasp!) 0.5% higher in 2023. Of course 0.5% is TRIPLE the current rate so gasp! indeed. Meanwhile, as pointed out by Sven Henrich: "Not a single question (at the FOMC press conference) by the media about record and expanding wealth inequality, asset bubbles, speculative behavior, or the homeless camps.
As I noted yesterday, there are far too many crises or in fact, crisises for us to focus on more than one at a time. It's like worrying about spilled wine on the carpet of the Titanic as the ship splits in half, bursts into flames and sinks to the bottom of sea – pick a crisis! At least the icy waters will put out the fire, right? That's kind of how we're going now – relying on Keynes' adage on debt and why we shouldn't worry about it in the long run (because we'll be dead by then). In fact, almost 1/2 the population of the planet now live in places that will be uninhabitable by 2070 - so what's a little Wealth Inequality between survivors?
What people should really be paying attention to is the "Longer Run" Dot…
Federal Reserve officials signaled they expect to raise interest rates by late 2023, sooner than they anticipated in March, as the economy recovers rapidly from the effects of the pandemic and inflation heats up.
Their median projection showed they anticipate lifting their benchmark rate to 0.6% from near zero by the end of 2023. In March they had expected to hold it steady through that year.
This is bad news how?
Do you want interest rates at zero and emergency bond buying programs to go on forever, regardless of economic conditions? Have you been struck by lightning, sir? Fallen on your head in recent days?
“Progress on vaccinations has reduced the spread of Covid-19 in the United States. Amid this progress and strong policy support, indicators of economic activity and employment have strengthened.”
That’s Chair Powell, resetting expectations as he should. Ignore kneejerk stock market reactions and sudden swings in sentiment. Things are getting better, extraordinary stimulus is going away, rates will normalize.
I’ll be on CNBC’s Closing Bell today at 3:45pm today, bringing my own particular flavor of calm, rational market commentary to the table. Pull up a chair.
We're actually over what we thought would be the top of our range as the P/E Ratio of the Nasdaq 100 crossed over 40 at 13,000 so 14,000 is more like 43 time the earnings of the stocks in the index but, when you think about it, that's pretty much a 2.32% return on your investment, which is the same as the yield on a 30-year note so, as usual, where else are you going to put your money?
There's the rub, of course because, if the Fed does raise the rates on bonds, they make them more attractive than stocks and that can quickly lead to the very market correction they are desperately trying to avoid. Still, inflation is clearly out of control with yesterday's PPI number coming in at 0.8% for May and a shocking 0.7%. Final Demand PPI, which measures change in prices received by domestic producers for goods, services, and construction (the price you actually pay for things) is up 11% year over year – a number that hasn't been seen for decades. At any other time in our Nation's history, this would have been considered a major economic crisis – now it's just Tuesday….
And that's not even the real crisis, the real crisis is Intermediate Goods, the prices for fully or partially processed commodities that WILL be used as inputs to produce other goods in the coming months – those are up just shy of 60% year over year and, while it's normal for commodity prices to bounce around – these prices are downright scary if they prove to be sticky.
So far, the Fed has been swearing up and down that these inflationary indicators are "transitory" but there's no indicator of that at all. Rising prices for intermediate goods are a leading indicator, not a lagging one and we have yet to see the worst of this storm.
Not only that but Empire State Manufacturing for June was a miss at 17.4, down from 24.3 in May as Delivery Times lenthened to a record pace as inventories edged lower and "both input prices and selling prices continued to rise sharply." This is…
When President Joe Biden took Ford’s electric F-150 Lightning pickup for a test drive in Dearborn, Michigan, in May 2021, the event was more than a White House photo op. It marked a new phase in an accelerating shift from gas-powered cars and trucks to electric vehicles, or EVs.
As an environmental historian, I see this moment as pivotal because unlike EVs from manufacturers like Toyota or Tesla, the electric F-150 does not entirely rely on green consumer choice. It places the electric vehicle transition squarely in the hands of mass-market consumers who don’t choose cars based on environmental considerations, and who are buying far more light trucks – pickups, sport utility vehicles and minivans – than cars today.
The century of gasoline
America’s 20th-century affair with gas-powered cars was not inevitable. From 1890 through about 1915, vehicles powered by horses, coal, electric batteries and gasoline jockeyed for position on U.S. streets. And electric-powered vehicles had some clear advantages. Many consumers feared that gas-powered cars were prone to explode, and there was no nationwide fueling infrastructure.
But World War I combined with a moment of technological convergence that favored the internal combustion engine. Massive new petroleum discoveries in Texas, and later in the…
I know it's hard to talk about hedging when the market is doing so well but that's the lesson of Joseph and the Pharoh from the Bible – you have to prepare for the bad times DURING the good times or you get screwed. As a rule of thumb, we like to put 25-33% of our unrealized portfolio gains into our hedges in order to lock them in against a downturn. If we do our jobs well, we get out of our longs ahead of a correction and ride the shorts down to even more profits – that's been working well for us for the past two years.
At PSW, our two main portfolios are our Long-Term and Short-Term Portfolios (LTP and STP) and, very simply, the STP has our hedges as well as fun short-term plays while the LTP is generally full of bullish plays. We started with $500,000 in the LTP and $100,000 in the STP back in October of 2019 – after cashing out our previous set with a $2M balance (up 233%) that September. Now we're back over 2M again and it's very tempting to just cash out but the market has been so strong – and our long positions are so good – we don't have a good enough reason to sell yet. So we hedge….
Our last STP Review was May 14th and our STP was up 40% at $281,128 (we had added $100,000 from the LTP when the STP was down to $50,000 after the big rally last year) and, as of yesterday's close, we're up 21% at $242,088, so we've lost $39,040 this month but the combined balance with the LTP is positive – and that's what we care about. We're hedged pretty much to neutral – not really trusting what I believe is a toppy market.
We made 4 changes to the STP last month and we felt adequately hedged and we also added a lot of LTP positions to shift a bit more bullish – but nothing too crazy.
XRT – Our short play on retail did not work out – total loss.
The Detroit Pistons won back-to-back finals in the late 1980s. In a league dominated by giants, they won with little guys. They had their bruisers, like Laimbeer, Rodman, and Mahorn, but the backcourt was the engine of that team.
Even though their guards powered the Pistons, the game was still played inside. Today’s teams win on the perimeter. The most dynamic backcourt today is the Golden State Warriors, led by Klay Thompson and Steph Curry. In the 2018-2019 season, the pair took a combined 1,409 3-pointers.
In Isiah Thomas’s day, 3-point shots weren’t much of a thing. Zeke led the team in attempts, at 121, and made just 33 of them, for an awful .273%. Joe Dumars, a better shooter, shot .483%. With numbers like that, you’d think he’d take advantage of the extra point. Nope. He took 29 3’s for the whole season! The entire team took just 400 3s that year. The league took 15,361. With 80,000 3-point attempts this season, it’s safe to say that Chuck Daly would not recognize today’s game.
More than one industrial company in three selling for less than its net current assets, with a large number quoted at less than their unencumbered cash.
When the CAPE ratio was just above 5, many businesses were worth more dead than alive. Cheap stocks were his thing, but cheap stocks by his standards are a thing of the past. Whether you look at a long-term chart of market cap to GDP or the CAPE ratio, you would conclude that the game has changed. And that’s because the game has changed.
Companies today, like NBA athletes, have gotten bigger, faster, and more efficient. 35 years ago, 8 employees were required to generate $1 million in revenue, The S&P 500 is 70% less labor-intensive than it was back then. It’s important to be aware of history, but it’s dangerous to live and die by historical data. Often times we’re comparing apples to oranges.
Until then, nothing is likely to happen and, after that, anything can happen. There are currently rumors that the Fed may begin to gear their language to being to anticipate a rate hike sooner than later – due to recent data that has pointed to rampant inflation. Sooner, of course, would be next year anyway, as the March "Dot Plots" didn't indicate any movement by the Fed through 2023 but the March Fed Data pedicted consumer prices rising 2.4% for the year and, after a 5% Q2, they'd have to flall by more than 1% in Q3 and Q4 for that to be right and, if that happened – we'd be in a recession.
Fed officials’ individual March projections, charted in their dot-plot, showed all 18 policy makers expected to leave interest rates unchanged through this year. Four expected to start lifting rates next year, and seven projected that rates would be higher by the end of 2023. The new dot-plot coming Wednesday should show more individuals expect to raise rates in 2022 or 2023. A June survey of 127 market participants by MacroPolicy Perspectives LLC showed 68% of respondents expecting at least one rate increase in 2023.
So, EITHER the Fed has to admit that inflation is running away and they need to tighten to control it OR the Fed needs to predict a Recession in the 2nd half of the year – what's it going to be? Not only has Inflation soared since then, as the economy has rebounded much faster than expected, but businesses have struggled to hire workers and shortages of key materials have wreaked havoc on supply chains.
Signs of surging inflation have emerged faster than the Fed anticipated as recently as its April policy meeting. Fed officials haven’t publicly commented on the May inflation report because it was released Thursday during their self-imposed blackout period, when they refrain from speaking publicly on monetary policy ahead of their meeting. Before the blackout period began on June 5, officials repeatedly said they expected this year’s inflation surge to prove "transitory."
There are no cheap, widely available solutions that can lower the shipping industry’s planet-warming carbon emissions – in fact, shipping is considered one of the hardest industries on the planet to decarbonize – but some exciting innovations are being tested right now.
As a professor of naval architecture and marine engineering, I work on ship propulsion and control systems, including electrification, batteries and fuel cells. With attention focused on climate change this week as world leaders meet at the G-7 summit and negotiators discuss shipping emissions at a meeting of the U.N.‘s International Maritime Organization, let’s take a look at what’s possible and some of the fuels and technologies that are likely to define the industry’s future.
The industry emits roughly 1 billion metric tons of carbon dioxide per year – nearly 3% of global emissions, according to the IMO, a specialized U.N. agency made up of 174 member nations that sets standards for the industry. If shipping were a country, it would rank between Japan and Germany as the sixth-largest contributor to global carbon dioxide emissions. Moreover, nearly 70% of ships’ emissions occur within 250 miles (400 kilometers) of land, meaning it also has an impact on air quality, especially for port cities.
Technological innovation, in addition to policies, will be crucial for achieving low-carbon or zero-emission shipping. Academic research institutes, government labs and companies are now experimenting with electrification; zero- or low-carbon fuels such as hydrogen, natural gas, ammonia and biofuels; and alternative power sources such as fuel cells and solar,…
Update: A replay of Phil's interview on TD Banks' Options Strategies program is HERE. (You'll have to register if you haven't already.) Phil provides an excellent tutorial, walking viewers through his most commonly used strategies. If you missed the interview and are trading or planning to trade options, particularly if you're not an expert, this should be required viewing.
Please let me know in the comments if you have problems accessing the video.
Screenshots of TD's slides illustrating Phil's examples:
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June is TD Bank's Option Education Month, and today (Thursday, June 10) at 1 pm EST, Phil speaks with host Bryan Rogers about selling options and various option strategies that we use here at Phil's Stock World. Don't miss this event!
When the private tax returns of billionaires were leaked to a left-wing group, liberals and conservatives reacted very differently. Liberals fell for the political trick and immediately said that the tax code was unfair and the rich should get a tax hike. Conservatives saw through the conspiracy and wanted answers on how the Deep State at the IRS could, once again, have so much unchecked power for political purpo...
While it’s now pretty easy to get a COVID-19 shot in most places in the U.S., the vaccine rollout in other parts of the world has been slow or inconsistent due to ...
Gold tends to slump at the start of the US summer, and will Basel 3 make a difference this year?
Basel 3 has removed a large chuck of paper shorts off the LBMA, of course this is for the banks only, the hedge funds can continue to suppress gold with paper shorts. The true effect of Basel 3 may not be known for some month.
A typical pattern in the metals is a smash down just before a major rally, consider this:
June is TD Bank's Option Education Month, and today (Thursday, June 10) at 1 pm EST, Phil will speak with host Bryan Rogers about selling options and various option strategies that we use here at Phil's Stock World. Don't miss this event!
If you want to get your hair cut outside of your home in the United States, the job has to be done by a licensed worker at a regulated business. The same thing applies to plumbers, electricians, home inspectors, real estate and insurance agents. They all require a license and are subject to regulatory scrutiny.
Likewise, commodities like corn, sugar, wheat, lumber and oil are all traded on regulated exchanges which are overseen by a federal regulator.
But, for reasons that have yet to be explained to the American people, when it comes to the $1.7 trillion cryptocurrency market – which is effectively a con-g...
Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!
Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).
It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.
The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).
A successful breakout at (3) would suggest Crude Oil is about to mo...
The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.
Finding ways to generate long-term, sustainable returns for ...
The Suez Canal: A Critical Waterway Comes to a Halt
On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.
Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels. This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.
This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...
The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign.
Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...
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...
The economy is recovering faster than had been expected as recently as this spring. Great reason to panic, apparently.
14,000 on the Nasdaq.
And that's not even the real crisis, the real crisis is 
What a market!
Fed meeting Wednesday.
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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.
