Archive for the ‘Andrew Wilkinson’ Category

Motorola’s insiders draw investor focus back to strategy

Today’s tickers: MOT, XLF, GE & PFE

MOT – Motorola Inc. – Executives at America’s second-largest maker of cell phones bought $2.75 million worth of stock last week, which seems to have spurred somewhat of a buying spree by investors comforted by the vote of confidence in the company by insiders. The stock has fallen from around $20 to under $3.00 since late 2007 as management failed to address challenges posed by demand for ever-greater consumer needs from cell phone technology. Meanwhile, Barron’s speculated this weekend that Motorola could actually benefit from an exit from that business. Shares gained 6% to stand at $4.15 this morning while investors seemed to compound executives’ confidence by selling put options in the July contract at both the 4.0 and 5.0 strikes achieving premiums of 36 cents and 1.02 accordingly. This ought to give investors enough leeway to hopefully benefit from an eventual recovery in the stock market should spring allow consumer demand to turn around. In the March contract there were more puts bought at the 4.0 strike indicating that any stock buyers on today’s rally might be a little apprehensive about doing so without the protection afforded by puts costing 17 cents today. The put sales today caused implied volatility to decline to its lowest point in four months at 61%.

XLF – Financial Select Sector SPDR – Within 5 minutes of the opening bell, one investor initiated a 31,000 lot credit spread in the February contract. Purchasing 31,000 calls at the February 12 strike price for 16 cents and selling 31,000 calls at the 10 strike for 68 cents, resulted in a net premium of 52 cents on the spread. Shares are currently up by one percent at $9.91 for the financials fund. This early-bird investor appears less than optimistic about the SPDR as he hopes that shares will remain below breakeven at $10.52. Given the large open interest at these strikes, it is possible that this trader is closing an existing position; however, we believe he is taking in the 52 cent credit and taking a bearish stance on the banking index ahead of Treasury Secretary Geithner’s announcement Tuesday of his bad bank proposal. In the March contract, 20,000 puts were purchased for 16 cents each at the 6.0 strike price, as another trader appears to be buying protection and looking bearish. At the March 10 strike price, 17,000 calls…
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Stocks higher after lousy employment – volatility stays stubbornly high

Today’s tickers: VIX, XLF, MOS & POT

VIX – CBOE Volatility Index – Investors are becoming accustomed to obscure reactions whereby bad news often sends a buy signal for example. Today’s response to the highest reading of unemployment since 1993 sent stocks surging, presumably because it expedites Washington’s mission. We have noted throughout the week that investors have been more willing to sell volatility using options and today is no exception. Lower volatility infers less likelihood of larger swings in the stock market going forward. The VIX index although lower by 2.5% at 42.63 remains stubbornly high and close to its new found floor at 40.0. One trader seems to be taking this rally and weakness in option premium to initiate a long volatility combination with a 12,000 lot spread. Using the March call options the investor appears to have bought 12,000 calls at the 50 strike at 1.70 while selling the same amount at the 60 strike also expiring next month at 70 cents. The net 1.0 premium means that this trader expects the VIX index to stray back above a breakeven price of 51 by expiration. The maximum gain of 9.0 points would occur at any price above the upper strike of 60.

XLF – Financial Select Sector SPDR – The broadly firmer market tone and a rebound in shares of Bank of America after CEO Lewis put his money where his mouth is by buying 200,000 shares in the bank he runs, helped the financial sector rebound 5% to $9.57 on Friday. Investors are also optimistic that the Senate will resolve to pass a stimulus package before Timothy Geithner at the treasury unveils the framework of the so-called bad-bank plan. The call/put ratio in options on the XLF at 4.3 indicates option traders’ appetite for bull plays today. The sector has been so badly beaten down for fear of further losses and potential nationalization of some of its members that a rebound is within the realms of acceptability. In the March contract the 9.0 strike calls are in demand and so far some 88,000 contracts have changed hands with 1.52 being paid as we write. Option implied volatility isn’t giving up its stance and today reads 90%. We’re now seeing volume in the 13 strike calls in February where buyers are paying 31 cents for rights to buy the shares at the fixed price of $13.00…
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Financial jump leaves BoA and WFC floundering

 

Today’s tickers: BAC, GE, PRU, WFC & DLTR

BAC – Bank of America – Speculation on the viability of Bank of America to withstand the current depression came to a head with more intense speculative selling of its shares today. We can hardly say that today’s new share price low is out-of-the-blue, but it is amazing just how quickly speculation intensifies on behemoth financial names. Already having shed two-thirds of its value so far in 2009, BAC is down 14% at $4.05, while frenzied option trading has seen volume of 300,000 contracts in the first 75 minutes of action. Implied options volatility has surpassed the 215% prior panic value and today is 16% higher at 220% compared to yesterday’s reading. The activity does show more put buyers than sellers in general, which does indicate that speculators are looking at a horrible end to this story. The Feb 2.5 and 4.0 strike puts have around 40,000 volume each with breakevens for buyers seeking downside protection against further share price losses at $2.27 and $3.25 respectively. On the call side the 6.0 strike expiring in two weeks is the single most active contract, where more than 50,000 options are in play. A slug of 10,000 were recently sold to the bid at 38 cents, but the broad picture is balanced here. However, as we look out over time, there is a healthy does of optimism apparent at the 10 strike calls for January 2010, where the bias among the 14,000 contracts that have so far changed hands is tilted towards bulls who anticipate a share price of $10.71 by that time.

GE – General Electric – What are we supposed to make of a fresh 52-week low for shares at General Electric today at $10.66? Currently down 2% at $11.04 we’re unsure what the options market is telling us given the fact that one quarter of today’s volume can be attributed to a 50,000 lot sale of puts with a striking price of 9.0 expiring in February. While the trade is recorded at a mid-market price of 28 cents, we can see that puts were subsequently left offered at the price hinting that the undertone was bullish. Shares would therefore need to collapse by 21% from current before a seller starts to feel any losses from taking delivery of shares at the strike. Elsewhere, in the June contract one investor…
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Investors focus on retail as volatility gets pounded

Today’s tickers: COST, XRT, DHI, DLB, IYZ & INTC

COST – Costco Wholesale Corp. – Estimated second quarter earnings for the warehouse retailer were way off analyst expectations of 70 cents per share, and investors should not expect to hear much more regarding 2009 estimates from the Washington-based company. It appears that they have washed their hands of such a task given the tough terrain and uncertain pitfalls that the retail sector faces in the coming year. Option traders wasted no time getting in on the action, although trades appear to be more optimistic than one would expect given that shares have slipped nearly 9% today to $42.07. In the February contract it appears that traders are pocketing rising premiums by selling puts. Gains were most apparent at the February 42.5 strike where over 1,000 puts were sold for 1.46 each, and at the February 45 strike where over 1,200 puts sold for 2.96 apiece. In March it appears that one trader initiated a sold strangle play by selling 2,000 calls at the 45 strike for 1.43 and selling 2,000 puts at the 40 strike taking in 1.52 per contract. The net 2.95 premium written by this investor indicates that shares will remain hemmed between $37.05 and $42.95 through March expiration.

XRT – SPDR S&P Retail ETF – This premium-selling theme spilled over into the retail exchange traded fund where investors sold a total of more than 23,000 puts at the February strike using the 19.0 strike. Today shares have added to above $20.00 in the fund whose holdings include famous stores such as Family Dollar, Guess? Inc., Supervalu Inc., Aeropostale and online store, Amazon.com. The option activity has the investor taking in the premium, which is trading at an implied volatility reading of 53% and nets the investor an average of around 45 cents. In this case shares would need to decline to a breakeven beneath the put’s striking price at $18.55 before the investor loses money. Should shares continue to rebound those sold puts will expire without value.

DHI – DR Horton Inc. – Option implied volatility is now at its lowest level since October at DR Horton as option actors play out a couple of interesting trades in Wednesday’s session. A covered put play was established early this morning involving the sale of both stock and puts employing the February 7.5 strike, where 25,000 lots were sold…
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Volatility crushed at UPS after announcing salary freeze for management

Today’s tickers: UPS, SNDK, WFC, AN & DHI

UPS – United Parcel Service – Implied volatility cratered by 22% following fourth quarter earnings at parcel carrier, UPS, whose shares responded positively to measures aimed at countering a slump in demand. Shares rallied 6.4% off Monday’s 52-week low to stand at $45.12 as the company reported a 3.9% decline in demand for the quarter ending in December. The company’s fortunes are strongly correlated to GDP and are seen as a barometer of economic health. While UPS disappointed analysts with its prediction of first quarter volume declines of between 3-5%, it also missed EPS projections of 69 cents per share with a forecast range of 52-68 cents. The silver lining, if it can be described in such light, was the salary freeze of 30,000 managers or 7% of its global workforce. Option traders slashed uncertainty on the stock as implied volatility fell 22% to stand at 39% thanks to the greater transparency from management. Several volatility strategies were enacted with sales of the February 40/45 strangle some 800 times netting the investor 1.45 premium indicating that the shares must remain hemmed between $46.45 and $38.55 by expiration in three weeks time. In the March contract investors sold the 45 strike straddle at a gross 5.05 premium indicating a likely share price range of $50.05 and $39.95. Finally, a large amount of July expiration puts were purchased at 3.20 at the 40 strike in exchange for 7,500 January 2010 call options at the 45 strike at 6.10.

SNDK – SanDisk Corp. – After earnings were released yesterday, things are certainly looking less than picture perfect for flash memory card maker SanDisk. The Milpitas, CA based company reported larger-than-expected fourth quarter losses in the amount of $1.86 billion or $8.25 per share. SNDK also sent up a red flag yesterday by announcing that they may need to issue more equity to the tune of $300 to $500 million which would dilute currently held shares by 12% to 20%. The disappointing results have shares down by 24% today to $8.58, and option traders wasted no time reacting to the falling share price. Most of the action was seen in the February and April contracts. In February, traders sought downside protection and purchased about 1,500 puts at the 8.0 strike for an average price of 59 cents. On the call side, approximately 2,500 calls were…
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Macy’s shellshocks investors with dividend cut

Today’s tickers: M, EWJ, XLF, ACOR, TWC & GE

M – Macys Inc. – Macy’s strategy, announced this afternoon, created a whipsaw reaction for options traders. Macy’s revealed a major slash to their quarterly dividend, lowering payouts to 5 cents down from 13.5 cents. The department store has also proposed drastic cost cutting measures including the elimination of 7,000 jobs and a cessation of new hiring for the time being. Option traders responded quickly to the news by piling into puts in the February contract at the 5.0 strike where 1,400 were purchased for 20 cents. Implied volatility jumped immediately by 14% to 110% in light of the new information. The announcement must have left some traders looking for new shoes to scuff thanks to the earlier trading pattern in which we saw put sellers taking in premium at February 7.5 strike for 30 cents, at which time they perceived little risk of shares falling. However, they are likely kicking holes in the ground now as those same puts traded up to 85 cents apiece after Macy’s announcement. Also, investors who earlier purchased 3,600 calls at the February 10.0 strike price at an average cost of 35 cents must be sore as those same calls have since been sold at a premium as low as 15 cents each. Still, at least one investor thinks that the capital reduction plan will pay dividends by May’s option expiration having used the slide in the share price this afternoon as opportunity to buy 10,000 calls at the 12.5 strike price for an average price of 43 cents. Still this investor is being pretty optimistic that Macy’s shares will rally by 52% from today’s price of $8.47 to the breakeven on the calls at $12.93 without any obvious signs that the recession is through.

EWJ – iShares MSCI Japan Index Fund. – With forecasts for a nasty turn down in the Japanese economy exacerbated by an ever-strengthening domestic currency, one questions why today an investor has placed a sizable bullish call position in the ETF replicating the major stock average. While shares are 0.4% lower at $8.40 the fund is still well off its 52-week low at $7.59 and with ongoing weakness in the driving U.S. indices the purchase of 20,000 call options expiring in less than three weeks sticks out. The only hint is the inexpensive premium of 15 cents per contract…
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Investor perhaps has bullish expectations at General Steel

Today’s tickers: GSI, BRCM, MAS, TGT, GE, AMZN & XOM

GSI – General Steel Holdings Inc. – It appears that a trader may have used the options market to seek protection against a possible long stock position in GSI, a manufacturer of hot rolled carbon and silicon steel sheets today. The trade involves short calls expiring in September and long puts expiring in June. With shares trading at $3.00 today this option strategy combined with stock would offer capital appreciation of 66% should shares rise to the call strike, where gains would be capped from the offsetting short call. But the strategy would also offer limited downside risk to a long stock play with the net premium of 15 cents creating a breakeven point of $2.35. That exposes the investor to a maximum loss on the stock of 21.6%. Some 6,400 June puts were bought at the 2.5 strike price for 70 cents, while 6,400 calls appear to have achieved a premium of 55 cents using the September contract. Without an underlying stock position the investor wants shares to fall beneath the $2.35 breakeven and so is subsidizing the put cost. However, the fact that the September calls were sold leaves the investor exposed to a maturity gap of three months, which is why we speculate that the investor is actually pinning hopes on a rebound in the stock much later this year.

BRCM – Broadcom Corp.-CL A – The Irvine, CA based chip-designer reported fourth quarter losses and announced that sales projected through the end of March will likely fail to meet analysts’ expectations. The company faced a downgrade today while its share price suffered falling 9% to $15.86. BRCM approached the top of our ‘hot by options volume’ market scanner and revealed some interesting trades. At the February 13 strike 4,980 puts were purchased for 10 cents each. At the February 15 strike 4,450 puts were sold for a premium of 45 cents while about 1,100 were bought at that same strike for 40 cents apiece. The March contract at the 15 strike price was where the big news is today with 17,000 puts changing hands with approximately 10,700 puts sold for 85 cents each while a buyer paid 95 cents for 4,400 lots. In the May puts at the 16 strike, 6,000 lots were sold for 1.82. While most of the option activity today was on…
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Bank of America sees bulls and bears battling in option trading

Today’s tickers: BAC, OI, TROW & MSM

BAC – Bank of America – There seems to be a firmly contrarian bid for call options evident in today’s option trading where out-of-the-money calls in Bank of America for both February and March expiration are attracting sizeable volume. Investors bought more than 10,000 lots at each in the first 30 minutes of trading despite the fact that shares in the bank slid 7% to $6.86. Elsewhere February 6.0 and 7.5 strike put options were also sought after with investors paying premiums of 60 cents and 1.34 respectively. Implied options volatility grew once again today as investors digested the passage of a stimulus package raising the reading at BAC to 143%.

OI – Owens-Illinois Inc. – Call buyers appear to have stepped into the fray to catch the falling knife that is OI’s share price, down around 10% following an unexpected quarterly loss through the end of December. Shares in the packaging and bottling company traded to as low as $19.34 as sellers dumped the shares. Meanwhile it appears from a glance at time and sales data that it was call buying on the way down that might have stopped the decline. The February 20 strike is populated by 3,371 existing positions and those were today almost matched by volume within the first hour of trading of over 3,100 lots. Premiums were all over the map falling from 2.35 to 1.00. Much of the activity occurred at prices within a nickel of the low point where 1,131 calls traded while its shares were boring a hole into the ground at its lowest point of the day. The March strike attracted call interest at both 17.5 and 22.5 strike. Implied volatility at 63% after earnings compares to historic share price volatility of 69% according to our data.

TROW – T. Rowe Price Group Inc. – Money manager, T. Rowe Price slipped after writing down some of its investment values sending shares down 4% to $32.05. Options open interest at just 29,720 was eclipsed by three slugs of put option volume in the April contract where each of the 22.5, 25 and 30 strikes rang up at 10,000 lots. However, the trade appears to be less bearish than at first blush with only the 30 strike apparently purchased at a 3.90 premium. The two lower strikes appear to be used to fund the transaction bringing…
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Financials take a shot of insulin

Today’s tickers: XLF, GS, VIX, CX & T

XLF – Financial Select Sector SPDR – Shares in this financial portfolio are off to the races this morning and stand 10.5% higher at $10.10. Heavy option activity doesn’t confirm the relief with which investors have greeted the so-called “bad bank” plan, which would help remove the bind of lending due to toxic assets clogging up financial companies’ balance sheets. Within the 81,000 call volume at the February 10 strike, where average premium was 74 cents today, 45,000 calls were sold while 26,000 were marked as bought. At the March 12 strike call, which saw most volume in that contract, more call volume appears to have been initiated by sellers where premium of 38 cents was achieved. In the February puts, it appears that a 19,000 lot put spread was traded accounting for most of the volume at the 8.0 and 9.0 strikes. In this trade, which we can’t tell was an opening or closing transaction, the investor sold premium of 32 cents at the upper strike in exchange for the payout of 16 cents at the lower strike. This could be simply a credit put spread aimed at taking the net 16 cents in the event that financial shares stay afloat, or it could be the closing side of a trade in which the buyer has now lost confidence. Implied volatility on the XLF dropped to 77.9% today.

GS – Goldman Sachs Group Inc. – Shares of GS are up nearly 10% to $85.93 this morning and bullish options investors are piling into the call side looking for upside exposure. Some have looked to the February contract, initiating a call spread at the 85.0 and 95.0 strikes, while others have stretched their optimism into the March contract. One investor appears to have purchased 5,800 lots for 2.35 at the March 100 strike. If shares of GS can rally through $100.00, profits will be realized at a breakeven of $102.35 and beyond. Options implied volatility is off by around 10% at 69% today.

VIX – CBOE Volatility Index – The S&P’s fear gauge is lower but holding steady at the 40 handle after the coverage of the bad bank plan. That’s a daily decline of 4% as investors consider whether or not the news will come to fruition and more importantly whether the plan might provide a lasting solution for the broken…
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Risk-reversal play intact at Viacom

Today’s tickers: VIA, AMAT, NVLS, LAMR, DOW & ROH

VIA B – Viacom Inc. Class B – Our ‘hot by options volume’ market scanner picked up Viacom this morning due to an interesting risk reversal strategy initiated by an investor at the March contract. The combination involved the sale of 5,000 puts at the 12.5 strike for 60cents each and the purchase of 5,000 calls at the 17.5 strike for 70cents per contract. This strategy protects the investor short of the stock and allows for an exit strategy should shares of VIA drop from the current price of $15.17 to the 12.5 strike or below come March. The investor, who possibly initiated a short stock position as high as $20 earlier in January, is also protected should shares rally above the 17.5 strike as the 10cents paid for this risk reversal provides the right to get long of the stock at the strike into the March expiration.

AMAT – Applied Materials – Shares are 3.5% higher at $10.20 at AMAT and we think we’re observing some covered call activity involving two blocks of 10,000 call options in each case. It appears that an investor sold both blocks to the bid at the March 11 strike calls and the July expiration 13 strike calls. Both trades went through at a 50 cent premium on the semiconductor manufacturer. A covered call would involve the purchase of the underlying stock hoping for share price gains, while the sale of the call options provides income and an exit strategy assuming the shares are called away at the strike price by expiration. In the case of AMAT, the shares spent just two days in the past 74 above $11.00 per share, which is sufficient reason to sell calls. Prior to that they broke down from a short-lived rally above $13.00, which again is further cause to use that strike price as resistance.

NVLS – Novellus Systems Inc. – The company manufacturers the component parts of semiconductors and in a sense that makes them higher up the food chain in recovery terms than AMAT. Shares are almost 5% higher today at $14.88 and appear to have made a sustained break above $14.00 for the first time since November 11, 2008. Our option scanners highlight bullish call buying of around 8,500 contracts at both the March 15 contract and the June 17.50 contract clearing indicating investors expect…
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Phil's Favorites

Coronavirus: the blow to the Chinese economy could be felt for years

 

Coronavirus: the blow to the Chinese economy could be felt for years

Courtesy of Chusu He, Coventry University

Investors are still being fairly complacent about the novel coronavirus. After the number of new daily cases suddenly shot up to more than 15,000 on February 12 following more than a week of decline, there were some jitters in the markets. With Chinese authorities saying the increase was due to a decision to broaden the definition for diagnosing people, there were falls in the region of 1% in European markets, and smaller retrenchments in Asia and North America.

It is...



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Biotech & Health

Coronavirus: the blow to the Chinese economy could be felt for years

 

Coronavirus: the blow to the Chinese economy could be felt for years

Courtesy of Chusu He, Coventry University

Investors are still being fairly complacent about the novel coronavirus. After the number of new daily cases suddenly shot up to more than 15,000 on February 12 following more than a week of decline, there were some jitters in the markets. With Chinese authorities saying the increase was due to a decision to broaden the definition for diagnosing people, there were falls in the region of 1% in European markets, and smaller retrenchments in Asia and North America.

It is...



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Zero Hedge

China Adopts 'Cultural Revolution-Style' Social Controls To Crush Outbreak As Death Toll Nears 2,000

Courtesy of ZeroHedge View original post here.

Summary:

  • Taiwan reports 1st coronavirus death
  • Hubei reports 1,933 new cases, 100 deaths
  • Hubei health officials report 1,933 new cases, 100 new deaths
  • Taiwan taxi driver who died from virus carried passengers from mainland, Hong Kong, Macau
  • Singapore reports 3 more cases
  • Total cases aboard 'Diamond Princess' climbs to 355 as US prepares to evacuate citizens
  • Indonesia says 6 passengers from Westerdam cruise ship tested negative
  • There are now at least 68,500 cases worldwide, and at least 1,665 de...


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Members' Corner

How to Stop Bill Barr

 

How to Stop Bill Barr

We must remove this cancer on our democracy.

Courtesy of Greg Olear, at PREVAIL, author of Dirty Rubles: An Introduction to Trump/Russia

...



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The Technical Traders

Is The Technology Sector Setting Up For A Crash? Part I

Courtesy of Technical Traders

One thing that continues to amaze our research team is the total scale and scope of the Capital Shift which is taking place across the globe.  For almost 5+ years, foreign investors have been piling into the US stock market chasing the stronger US dollar and continued advancement of US share prices. It is almost like there is no other place on the planet that will allow investors to pool capital into such a variety of strong assets while protecting against foreign capital risks.  Yet the one big question remains – when will a price reversion event hit the US stock
market?

So many researchers, even our team of researchers, believe we have found the keys to unloc...



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Kimble Charting Solutions

Joe Friday Says Germany (DAX) Could Rally 30%, Happy Valentines Day For The Bulls!

Courtesy of Chris Kimble

German DAX Index “weekly” Chart

The German DAX is one of the more important global stock market indices, as it represents the largest economy / market in the Euro Zone.

So it would be a real treat for the bulls to see this stock market index breakout as we celebrate Valentine’s Day.

The facts, Ma’am. Just the facts; The German DAX looks to have formed a bullish ascending triangle over the past 3 years and it is currently attempting to breakout above the top at (1)....



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Insider Scoop

Nissan Shares Tumble To Decade Low After Q3 Earnings Miss

Courtesy of Benzinga

The shares of Nissan Motor Co. Ltd. (OTC: NSANY) dropped to a decade low on Thursday after the company missed third-quarter earnings estimates and significantly cut its annual forecast for the financial 2019 year.

What Happened

Nissan, on Thursday, reported a net loss o...



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ValueWalk

Russell 2000 Index (RUT) hits an almost one-month high

By Gorilla Trades. Originally published at ValueWalk.

Ad the Russell 2000 Index (INDEXRUSSELL: RUT) hit an almost one-month high today, commenting on today’s trading Gorilla Trades strategist Ken Berman said:

Q4 2019 hedge fund letters, conferences and more

Russell 2000 Index (INDEXRUSSELL: RUT) Outperforms Large-Cap Benchmarks

While the overnight session was nothing short of scary stocks held on to most of yesterday's gains and small-caps even extended their winning streak. The Russell 2000 Index (INDEXRUSSELL: RUT) hit an almost one-month high today, finishing higher for the fourth day in a row while outperforming the large-cap benchmarks, and since the Volatility...



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Chart School

Dow theory warning from the Utilities Index

Courtesy of Read the Ticker

Charles Dow died in 1902, and the investors should thank him for his ever lasting Dow Theory Analysis.

Carrying on this blog theme looking at the Utility stocks. Previous post.
Dow Jones Utility index could trade like the FANGs
Formula for when the Great Stock Market Rally ends



You can learn about Dow Theory here

This post is concerned wi...

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Digital Currencies

Bitcoin Price May Hit $27K All-Time High By Summer, Predicts Fundstrat's Tom Lee

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Bitcoin is primed for average gains of almost 200% over the next six months, one of its best-known supporters has told mainstream media. 

...



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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:

 

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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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