Posts Tagged ‘Christmas shopping’

Field Trip: Incliment Weather in Los Angeles Destroys Last Minute Christmas Shopping Volume

Add this one to Phil’s Christmas Shopping Survey

Field Trip: Incliment Weather in Los Angeles Destroys Last Minute Christmas Shopping Volume

Courtesy of Marla Singer at Zero Hedge

Dancing through the aisles… at TCO’s Westfield Century City and Beverly Center:

As you can see, weather concerns dominated the day.

Hopefully 9am will be early enough to get parking! 

655 + 532 + 581 + 353 = 2,121  Huh?

Must be broken sensors. 

Hmmm, that’s odd.

Well, better hurry to get my MacBook before the crowds gather:

Wow.  That was easy.  Maybe everyone is wandering around. 

Or, maybe not.  Perhaps outside? 

Helllooooo?  Anyone?  Well, now that it’s 10am, let’s see if there are any parking spaces left. 

627 + 444 + 510 + 281 = 1,862

60 minute car net influx: 259

Well, maybe they were minivans filled with 6 family members each? 

Well, it is kind of chilly.

Uh oh.  Well, we can always come back another day. 

Hmmm.

h/t: John Gault

 


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Revealed: The ghost fleet of the recession anchored just east of Singapore

Lonely fleet of idle ships not boding well for Christmas, or next year. Green shoot this is not.  (Thanks to Vitaliy Katsenelson, Contrarian Edge) - Ilene

Revealed: The ghost fleet of the recession anchored just east of Singapore

By Simon Parry, writing at Mail Online

The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination  -  and is why your Christmas stocking may be on the light side this year
 

The 'ghost fleet' near Singapore

The ‘ghost fleet’ near Singapore. The world’s ship owners and government economists would prefer you not to see this symbol of the depths of the plague still crippling the world’s economies

The tropical waters that lap the jungle shores of southern could not be described as a paradisical shimmering turquoise. They are more of a dark, soupy green. They also carry a suspicious smell. Not that this is of any concern to the lone Indian face that has just peeped anxiously down at me from the rusting deck of a towering container ship; he is more disturbed by the fact that I may be a pirate, which, right now, on top of everything else, is the last thing he needs.

His appearance, in a peaked cap and uniform, seems rather odd; an officer without a crew. But there is something slightly odder about the vast distance between my jolly boat and his lofty position, which I can’t immediately put my finger on.

Then I have it – his 750ft-long merchant vessel is standing absurdly high in the water. The low waves don’t even bother the lowest mark on its Plimsoll line. It’s the same with all the ships parked here, and there are a lot of them. Close to 500. An armada of freighters with no cargo, no crew, and without a destination between them.

Continue reading here.>>

 


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Zero Hedge

First Federal Execution In 17 Years Halted On Coronavirus Fears

Courtesy of ZeroHedge View original post here.

A year ago the Department of Justice announced for the first time in nearly two decades the resumption of capital punishment in federal cases, with Attorney General William Barr announcing the process for the execution of five death-row in mates is set to move forward, marking the first federal executions since 2003

The first federal execution in 17 years was to take place on Monday of this next week prior to a federal judge in Indiana halting it. 47-year old Daniel Lee is to die by lethal injection for the 1996 slaying of a family&n...



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ValueWalk

Proposed Ban on Sugary Soft Drinks Could Save Billions

By JOHN F. BANZHAF. Originally published at ValueWalk.

Simple Low Cost Governmental Actions On Sugary Soft Drinks Can Slash Obesity and Its Huge Costs

A proposed ban on sugar-sweetened beverages for young children, along with a 40% reduction in sugar use for everyone, would be important first steps in reducing the nation’s epidemic of pediatric as well as adult obesity, and slashing the hundreds of billions which obesity annually costs Americans, says public interest law professor John Banzhaf.

Banzhaf, who helped save millions of lives and hundreds of billions of dollars in unnecessary medical costs by prohibiting cigarette commercials and banning smoking in a growing number of workplaces and public plac...



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Phil's Favorites

How to Protect Your Portfolio

 

How to Protect Your Portfolio

Courtesy of 

If there was a way to protect your portfolio from periodic blowups like the one earlier this year, would you want it? Of course you would, but so would everybody else. And because there is such a strong desire for this type of insurance, the eventual payoff might not be worth it if the premiums that you pay along the way are too expensive.

AQR took a closer look at tail risk hedging strategies and showed that:

Over the 35 years or so where we h...



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Chart School

Dow 2020 Crash Watch - Update

Courtesy of Read the Ticker

Like 1929 the markets have bounced. This time it is on the back of the FED $6.5T money printing.

Previous Post: Dow 2020 Crash Watch 

But can the FED blow $6T every time the market rolls down to test support.

Yes, maybe before the US 2020 elections the FED will do 'what it takes'. But post elections not so much, the year 2021 is a long way from the next election (presidential or congress) and defense of the markets may not be so supportive at $6T or $10T per market smash. The FED may hesitate, and that will be window for stocks to break lower.

The 36 month simple moving a...

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Biotech/COVID-19

Coronavirus's painful side effect is deep budget cuts for state and local government services

 

Coronavirus's painful side effect is deep budget cuts for state and local government services

Washington state cut both merit raises and instituted furloughs as it faced a projected $8.8 billion budget deficit because of the coronavirus. Wolfgang Kaehler/LightRocket via Getty Images

Courtesy of Carla Flink, American University

Nationwide, state and local government leaders are warning of major budget cuts as a result of the pandemic. One state – ...



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Kimble Charting Solutions

Red Hot China Attempting Key Breakout, Says Joe Friday

Courtesy of Chris Kimble

China ETF (FXI) has been “Red Hot” of late? Is it about to run out of steam or will it remain on fire going forward?

This chart of FXI comes from Investors Business Daily and Marketsmith.com. It reflects that FXI is above key long-term moving averages and its RS ratings is moving sharply higher of late.

Line (1) has been support and resistance several times over the past 3-years. The rally of late has FXI ...



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The Technical Traders

Retail Traders & Investors Squeezed to Buy High-Risk Assets Again

Courtesy of Technical Traders

Yes, we certainly live in interesting times.  This, the last segment of our multi-part article on the current Q2 and Q3 2020 US and global economic expectations, as well as current data points, referencing very real ongoing concerns, we urge you to continue using common sense to help protect your assets and families from what we believe will be a very volatile end to 2020.  If you missed the first two segments of this research article, please take a moment to review them before continuing.

On May 24th, 2020, we published this ...



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Lee's Free Thinking

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

 

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

Courtesy of  

The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have been consistently improving. And that trend could also reverse as those states fully reopen.

The problem in the US seems to be widespread public resistance to recommended practices of social distancing and mask wearing. In countries where these practices have been practi...



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Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

 

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

Courtesy of Michael Rogerson, University of Bath and Glenn Parry, University of Surrey

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery ...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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