Posts Tagged ‘BP Capital’

There will be blame

So my Comedy Central break last night was about the oil geyser in the Gulf of Mexico, and whether anyone’s actually responsible, followed by Jon’s report on the big banks’ winning sprees, and a call for a nut based economy, and then an interview with Ian Bremmer on the derivative market and the end of capitalism. That was refreshing! – Ilene 

Jon Stewart’s Daily Show

There will be blame

As BP comes up with new solutions for the oil spill by scrambling letters, the government tries to figure out how it happened.  

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
There Will Be Blame
www.thedailyshow.com
Daily Show Full Episodes Political Humor Tea Party

 

Ian Bremmer

Ian Bremmer believes that America has to defend its free market principles to succeed in the world economy. 

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Ian Bremmer
www.thedailyshow.com
Daily Show Full Episodes Political Humor Tea Party

 

Hoarders 

The big banks make money by taking the bailout money we gave them and lending it back to the government with interest. 

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Hoarders
www.thedailyshow.com
Daily Show Full Episodes Political Humor Tea Party

 

Full Daily Show episode here.>>

 


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Boone Pickens Seeks Investors For Hedge Funds

Boone Pickens Seeks Investors For Hedge Funds

Boone PickensCourtesy of Market Folly

Well, here we go again. After his energy fund lost 98% and his equities fund lost 64% in 2008, Boone Pickens is back for more. Yep, he is raising money for new iterations of essentially the same hedge funds that his hedge fund BP Capital previously ran. Well, we don’t even really need to say "essentially" because they literally are the same funds just with a "II" at the end of the name, signaling their second incarnation.

His Energy fund will trade futures and his Equities fund will trade energy related equities and some futures as well. His "II" Energy Fund started trading back in February and is already up a whopping 79%. It’s funny how they are undoubtedly using that as marketing material and you can’t blame them. However, investors should be aware that the exact same types of funds were obliterated last year. So, a 79% gain this year is not much when you consider how much they were down the year prior. According to fund documents, Pickens will aim to hold investments between 3 months and two years. If you’re curious as to what his firm owns, we’ve covered Pickens’ hedge fund portfolio recently here.

As our friend TraderMark over at FundMyMutualFund.com so poignantly asked, is Boone turning into the next John Meriwether? For those unaware, Pickens had an absolutely brutal last year as his funds lost money, he personally lost money, and every bet he made seemed to go against him. John Meriwether, on the other hand, blew up Long Term Capital Management back in the day and we just recently got word that he is closing yet another hedge fund down. We like to call it the hedge fund boom-bust cycle. Manager starts hedge fund, goes boom to the top of the charts, then goes bust. They then re-group, raise more money, and then start over again. Rinse and repeat. And, repeat again. You get the picture.

So, we like to poke fun at both the fund managers themselves for their propensity to ‘blow up’ and come right back from the dead with a new fund offering. At the same time, we like to poke even more fun at the investors who continually come back for more. Such is life in hedge fund land. Speaking of ‘pokes, we…
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Zero Hedge

US Regulators Warn Stablecoin Adoption Could Disrupt Economy, Financial Stability

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

A panel of senior financial regulators in the United States has warned the public about the purported risks of stablecoins and cryptocurrencies

...



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Kimble Charting Solutions

Health Care & Merck Working A Bullish Breakouts!

Courtesy of Chris Kimble

Health Care (XLV) ETF has lagged the S&P for the past few years. Is the lagging trend about to end? It sure could and we should find out very soon!

This chart looks at the Health Care/S&P Ratio (XLV/SPY), which reflects that it has created a series of lower highs and lower lows inside of falling channel (1). Over the past 6-months the ratio has created a series of higher lows, reflecting out performance of XLV to the broad markets.

The ratio is testing a support/resistance line at (2). If the ratio breaks out at (2), it would suggest that health care stocks wi...



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Insider Scoop

CMA CGM Bolsters Its LNG Fuel Supply With Total Deal

Courtesy of Benzinga

CMA CGM said it signed a deal with France's largest energy firm to supply liquefied natural gas (LNG) to power container ships.

The fourth-largest global carrier by capacity, CMA CGM said the deal with Total's marine fuels division will cover LNG supply at the Marseille-Fos fueling hub in the Mediterranean. Terms were not disclosed.

Total will supply approximately 270,000 metric tons of LNG per year over the next 10 years. CMA CGM said it will be the volume needed for its 15,000 twenty-foot equivalen...



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Phil's Favorites

NATO meeting: solidarity reinforced despite uncomfortable time for alliance to be in the spotlight

 

NATO meeting: solidarity reinforced despite uncomfortable time for alliance to be in the spotlight

Courtesy of Megan Dee, University of Stirling

Anniversaries are meant to be a celebration. They represent a moment of reflection – a marker, a milestone, a time to look back. And therein lies their biggest problem. For anniversaries have that unfortunate effect of turning any subject – be it a past event, a married couple, or indeed an international institution – into an object of intense scrutiny. For the North Atlantic Treaty Organization (NATO) celebrating its 70th anniversary in London on December 3-4, that scrutiny has come at an unfortunate time.

Founded in 1949 with the signing of the Washington Treaty, NATO at 70 represents one the longest-standi...



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Digital Currencies

Chinese Crypto Exchange IDAX Locks Cold Wallet As CEO "Goes Missing"

Courtesy of ZeroHedge

By William Suberg via CoinTelegraph.com

Chinese cryptocurrency exchange IDAX has suspended deposits and withdrawals after its CEO allegedly disappeared.

In a blog post on Nov. 29, IDAX, which earlier this week warned it was seeing a run on withdrawals, said the whereabouts of Lei Guorong were currently unkno...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Tuesday, 09 July 2019, 01:48:48 AM


 

Click for popup. Clear your browser cache if image is not showing.





Comment:
FED has no ammo in the next crisis!


Date Found: Friday, 12 July 2019, 02:38:12 AM
 

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Comment:
YIP Corporate debt blows up when econ...



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Members' Corner

Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

 

Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

By Matt Wilstein

Excerpt:

Sacha Baron Cohen accepted the International Leadership Award at the Anti-Defamation League’s Never is Now summit on anti-Semitism and hate Thursday. And the comedian and actor used his keynote speech to single out the one Jewish-American who he believes is doing the most to facilitate “hate and violence” in America: Facebook founder and CEO Mark Zuckerberg.

He began with a joke at the Trump administration’s expense. “Thank you, ADL, for this recognition and your work in fighting racism, hate and bigotry,” Baron Cohen said, according to his prepared...



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Lee's Free Thinking

NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!

 

NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!

Courtesy of , 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)...



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The Technical Traders

VIX Warns Of Imminent Market Correction

Courtesy of Technical Traders

The VIX is warning that a market peak may be setting up in the global markets and that investors should be cautious of the extremely low price in the VIX. These extremely low prices in the VIX are typically followed by some type of increased volatility in the markets.

The US Federal Reserve continues to push an easy money policy and has recently begun acquiring more dept allowing a deeper move towards a Quantitative Easing stance. This move, along with investor confidence in the US markets, has prompted early warning signs that the market has reached near extreme levels/peaks. 

Vix Value Drops Before Monthly Expiration

When the VIX falls to levels below 12~13, this typically v...



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Biotech

Why telling people with diabetes to use Walmart insulin can be dangerous advice

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 ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Promotions

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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.

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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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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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