Posts Tagged ‘Deepwater Horizon oil crisis’

10 Things You Need To Know That Are Going On This Weekend

SPECIAL EDITION: 10 Things You Need To Know That Are Going On This Weekend

Courtesy of Joe Weisenthal, at Clusterstock 

It’s a Saturday, but it certainly doesn’t feel like it, because there’s a heck of a lot going on. 

Here’s what you need to be paying attention to this May Day.

  • Greece/IMF/EU talks continue. According to Greek government officials, some kind of announcement may be made today. The market is hoping to hear something that’s orders of magnitude stronger than any bailout announcement we’ve gotten so far, or otherwise the feeling will be that it can and will fall through again.
  • Of course, there are fresh violent, anti-austerity protests going on today in Athens. The fact that it’s May Day, a day for celebrating anti-capitalism only adds to the tension.
  • New reports suggest the criminal probe into Goldman Sachs is not just a perfunctory follow-on to the SEC charges, but rather a truly separate thing that’s wider than Abacus, and that started before the SEC’s investigation. HUGE.
  • With just five days before the election, UK’s The Guardian has endorsed the Liberal Democrats, the country’s biggest third party. Its leader, Nick Clegg, has surged thanks to a string of strong debate performances, Gordon Brown’s disastrous campaigning, and a lingering sense of unease with the conservatives.


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    Zero Hedge

    Toshiba Shareholders Vote To Oust Chairman In Rare Blow To Management

    Courtesy of ZeroHedge View original post here.

    Rebukes of corporate leaders in Japan are rare, but on Friday, shareholders of Toshiba - one of Japan's most important and most well-known tech giants - voted to oust Chairman of the Board Osamu Nagayama (along with a member of the board's audit committee) after an independent investigation uncovered that the company had wrongly colluded with other insiders to try and influence last year's board selection.

    The vote comes just months after Toshiba investors backed Singapore-based hedge fund Effissimo Capital Management's call for a probe into the 2020 annu...



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    Phil's Favorites

    The PhilStockWorld com LIVE Weekly Webinar 06-23-2021

     

    For LIVE access on Wednesday afternoons, join us at PSW! 

    The PhilStockWorld com LIVE Weekly Webinar 06-23-2021

     

    Major Topics:
    00:00:13 - Checking on the Market
    00:00:33 - DJIA
    00:03:16 - S&P 500 / Russell 2000
    00:04:43 - Bitcoin 
    00:08:21 - Natural Gas / Energy
    00:11:25 - Gasoline / Crude Oil
    00:12:34 - EIA Report
    00:18:44 - Inflation
    00:24:28 - Natural Gas
    00:28:26 - Lumber
    00:29:38 - Sugar
    00:30:16 - Orange Juice
    00:31:36 - Cotton
    00:31:54 - USD / Orange Juice
    00:34:08 - Coffee...



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    Biotech/COVID-19

    The FDA's weak drug manufacturing oversight is a potentially deadly problem

     

    The FDA’s weak drug manufacturing oversight is a potentially deadly problem

    Though drug recalls are relatively uncommon in the U.S., reduced inspections increase the likelihood of manufacturing errors that slip through the cracks. AP Photo/Rafiq Maqbool

    Courtesy of Adrian V. Hernandez, University of Connecticut and C. Michael White, University of Connecticut

    The ...



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    Digital Currencies

    Will Bitcoin Crash the Stock Market?

     

    Will Bitcoin Crash the Stock Market?

    Courtesy of 

    When the S&P 500 fell in March last year, it brought Bitcoin down with it. So if stocks can bring down Bitcoin, it’s reasonable to ask if Bitcoin can bring down stocks.*

    If you thought the Bitcoin run-up to 60k was emblematic of investor** euphoria, then you probably wondered what would happen if it were to come crashing down. Would that take other high-flying areas of the market down with it?

    It might be premature, but as of now, the answer is no.

    ...



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    Chart School

    RTT Plus Bulletin

    Courtesy of Read the Ticker

    RTT Plus private blog answer these questions over the last two weeks.

    Ending: 2021-06-19

    - Metal stocks very bullish after gold smash
    - FED taper talk vs Basel 3
    - Dollar devaluatioin before end of 2021
    - COVID, Vaccine insight (off topic)
    - The next play for the deep sate (off topic)
    - The debt loaded USA can not break these economic stats


    RTT Plus membership required to review.

    RTT Plus members can include chart building services if you wish. If you you do not want chart building services select 'RTT Plus' only during the membership sign up process.

    Sign up now!






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    Politics

    The Ukraine Fallacies (with Victor Rud)

     

    The Ukraine Fallacies (with Victor Rud)

    Americans are confused about the history of Ukraine. That's just how Russia wants it.

    Courtesy of Greg Olear, at PREVAIL

    Greg is the author of Dirty Rubles: An Introduction to Trump/Russia 

    ...

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    Promotions

    Live Webinar with Phil on Option Strategies

     

    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!

    Click here to register for TD's live webinar with Phil.

     

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    Kimble Charting Solutions

    Crude Oil Cleared For Blast Off On This Dual Breakout?

    Courtesy of Chris Kimble

    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...



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    ValueWalk

    Managing Investments As A Charity Or Nonprofit

    By Anna Peel. Originally published at ValueWalk.

    Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

    Q4 2020 hedge fund letters, conferences and more

    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 ...



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    Mapping The Market

    Suez Canal: Critical Waterway Comes to a Halt

     

    Suez Canal: Critical Waterway Comes to a Halt

    Courtesy of Marcus Lu, Visual Capitalist

    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.

    With over 2...



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    The Technical Traders

    Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

    Courtesy of Technical Traders

    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...



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    Lee's Free Thinking

    Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

     

    Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

    Courtesy of Lee Adler, WallStreetExaminer 

    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...



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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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    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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