Posts Tagged ‘Jim Cramer’

Thrilling Thursday – Rejection at S&P 2,000

SPY 5 MINUTEOh my God, it's dip!  

The Futures are off a bit today and that's no surprise to those of us who have been paying attention to the volume, or lack thereof, as we made our final approach at the 2,000 line on the S&P 500.  Jim Cramer was literally foaming at the mouth this week as he and his CNBC co-conspirators herded the sheeple into the markets to participate in the tail end of the rally, where the suckers could hold the bags for their Corporate Masters.  

Why am I angry at Cramer today?  Because yesterday he committed the same crime he commtted in 2008 that cost so many people their life's savings – he told people not to sell their stocks on a pullback.  "Don't take profits" is the message for the viewing public.  But, I would ask, if people don't take profits – when will they ever get profits?  What kind of stupid message is that?  Well, it's the message that leaves you holding the bag while his hedge fund buddies head for the exits.  It's not much different than telling one group of people not to leave a burning building while you make sure all your friends are getting out safely.

"This is not just my opinion. I can prove it to you empirically. See, as I was preparing to write my book "Get Rich Carefully," I went over the previous five years of trades made by my charitable trust. And as I reviewed those trades I noticed that far too often, my good judgment would be overcome by excessive skepticism."

If the "proof" Jim is talking about is his Action Alerts Plus, then I'd say you really should think long and hard about following his advice here (via Kirk Lindstrom – who does compete with Cramer):

Jim Cramer's Action Alerts Plus Performance & Returns

I guess, sure, Jim legitimately should regret that he wasn't more bullish from 2008 to 2013, when the market popped 200% and his trust gained about 100% but don't you think the lesson Cramer should be taking from that experience is to CUT YOUR LOSSES, not
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Paul Farrell Explains Why The Fed-Wall Street Complex Will Self Destruct By 2012

Paul Farrell Explains Why The Fed-Wall Street Complex Will Self Destruct By 2012

Courtesy of Zero Hedge 

Some rather scary predictions out of Paul Farrell today: "It’s inevitable: Wall Street banks control the Federal Reserve system, it’s their personal piggy bank. They’ve already done so much damage, yet have more control than ever.Warning: That’s a set-up. They will eventually destroy capitalism, democracy, and the dollar’s global reserve-currency status. They will self-destruct before 2035 … maybe as early as 2012 … most likely by 2020. Last week we cheered the Tea Party for starting the countdown to the Second American Revolution. Our timeline is crucial to understanding the historic implications of Taleb’s prediction that the Fed is dying, that it’s only a matter of time before a revolution triggers class warfare forcing America to dump capitalism, eliminate our corrupt system of lobbying, come up with a new workable form of government, and create a new economy without a banking system ruled by Wall Street." And just like in the Hangover, where the guy is funny because he’s fat, Farrell is scary cause he is spot on correct.

Handily, Farrell provides a projected timeline of events:

Stage 1: The Democrats just put the nail in their coffin confirming they’re wimps when they refused to force the GOP to filibuster Bush tax cuts for billionaires.

Stage 2: In the elections the GOP takes over the House, expanding its strategic war to destroy Obama with its policy of “complete gridlock” and “shutting down government.”

Stage 3: Post-election Obama goes lame-duck, buried in subpoenas and vetoes.

Stage 4: In 2012, the GOP wins back the White House and Senate. Health care returns to insurers. Free-market financial deregulation returns. Lobbyists intensify their anarchy.

Stage 5: Before the end of the second term of the new GOP president, Washington is totally corrupted by unlimited, anonymous donations from billionaires and lobbyists. Wall Street’s Happy Conspiracy triggers the third catastrophic meltdown of the 21st century that Robert Shiller of “Irrational Exuberance” fame predicts, resulting in defaults of dollar-denominated debt and the dollar’s demise as the world’s reserve currency.

Stage 6: The Second American Revolution explodes into a brutal full-scale class war with the middle class leading a widespread rebellion against the out-of-touch, out-of-control Happy Conspiracy sabotaging America from within.

Stage 7: The domestic class warfare is exaggerated as the Pentagon’s global warnings play out: That by 2020


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Cramer: You Hitting The Pipe Dude?

Cramer: You Hitting The Pipe Dude?

Courtesy of Karl Denninger at The Market Ticker 

Unbelievable

You have to be kidding me.

If it doesn’t blow sky high right now it won’t at all?

I think this sort of nonsense is amusing.

"You’re fighting The Fed and Geithner right now if you hate stocks"?  "We’ve seen P/Es come down so much…"

Huh?  We’ve sold off ten percent and that’s a "big" P/E decrease?

You’ve got to be kidding me.

The entirety of the rally off the 2009 lows was predicated on the US borrowing and spending $1.5 trillion a year, or 11% of GDP, for the last two years!

The extreme volatility you’ve seen the last couple of weeks is not about Greece.  Nor is it about Merkel, or Sarkozy, or any of the clown car brigade in Washington DC.

The volatility is the market debating whether governments worldwide can continue to borrow and spend 10% or so of their GDP on an ongoing, continual and perpetual basis.

It’s that simple folks, because the underlying economic fundamentals and private activity has not come back at all – there has been zero advancement in private activity sufficient to allow any pullback of that support! 

If this cannot be continued, and the recent events in Greece strongly suggest that it cannot, then market prices are dramatically too high, as they reflect a fully-priced in "V" shaped recovery that is being created and sustained as a consequence of this deficit spending!

The bottom line is that simple, and yes, we will have a fulfillment of that debate soon.

Within 48 hours?  Not a chance.

But in the near future?  You bet, and if the resolution of that debate is that governments will have to withdraw their artificial "stimulative" measures due to inability to sustain the deficits then that repricing will continue in earnest – in that event it is nowhere near over.


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THREE THINGS I THINK I THINK

THREE THINGS I THINK I THINK

Jim CramerCourtesy of The Pragmatic Capitalist

  • The complacency in the market is now reaching a fever pitch.  It always amazes me that investors can be so bearish near the bottom and then be so incredibly bullish after the market has risen so substantially.  On January 28th I said the market was not forming a major market top and that the downside was “more likely a correction within the uptrend”.  At S&P 1,140 I went net short for just the second time in the last 12 months. With our H1 outlook largely playing out as expected I now find myself wondering if we are in a euphoric blow-off top and on the wrong side of the trade….
  • Mad Money started 5 years ago on CNBC.  I vividly remember seeing the show when it started because it began right around the same time when the great Louis Rukeyser got sick.  My first thought was: “there is something seriously wrong with the market if its participants are willing to listen to a man banging on buttons and acting like a lunatic.”  The power of Cramer over the years is undiminished and leaves me wondering exactly the same thing today.  Cramer is a good investor and a GREAT salesman, but you just have to wonder after 5 years – the market is flat over the same period – have any of his viewers actually come out on top after taxes and fees?  My guess is very few….Investing is not a joke.   It is not entertainment.  I am not sure why anyone thinks it is okay to make it seem that way.
  • While I continue to think the VIX is a sign of near-term complacency you just can’t help but wonder if investors are still too fearful in the long-term.  The majority of investors still don’t have an ounce of faith in the recovery and this is reflected in the historically high VIX.  In the past two recessions, the VIX did not reach its historical low of 10 until at least 3 years into the recovery.  Perhaps most important, the market rallied this entire time.

vix2 THREE THINGS I THINK I THINK 


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Coakley Down To 31% On InTrade, Democrats As Far As California Freaked Out

Coakley Down To 31% On InTrade, Democrats As Far As California Freaked Out

Courtesy of Joe Weisenthal at Clusterstock/The Business Insider

Democrats as far as San Francisco are freaked out by the fact that a fellow party member could lose in Massachusetts.

Mayor Gavin Newsom told the San Francisco Chronicle: "We better get our act together – and quickly… (voters) are so angry. They don’t feel that we’re paying attention to their needs, in terms of their jobs, and what’s going on at the grassroots, in their neighborhoods."

It’s actually not all bad for Dems. A Coakley loss is an early wake-up calll, and there are several months before November elections for them to turn things around and get their message right.

No doubt the Democrats wish that in 1994, they’d had a similar warning. After all, they were largely blindsided by the Republican revolution of that year, predicting with only weeks to go before the election that they’d maintain control of the house.

Meanwhile, Martha Coakley is down to 31% on InTrade, which is around the odds that Nate Silver called for.

coakley

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Jim Cramer: Markets Will Surge Wednesday If Coakley Loses

Jim Cramer: Markets Will Surge Wednesday If Coakley Loses

cramer Courtesy of Joe Weisenthal at Clusterstock

On Mad Money Friday, Jim Cramer predicted a huge market rally on Wednesday if Martha Coakley loses.

Via Newsbusters:

JIM CRAMER, MAD MONEY HOST: We know it’s earnings season. You can no more avoid it than you could avoid getting your report card or worse – your parents getting your report card. You saw that today when people sold the market on allegedly weak earnings from Intel and JP Morgan, emphasis on allegedly. The Dow getting hurt bad, down a hundred big ones. S&P giving back more than a percent. But that doesn’t mean that the most important factor in next week’s game plan is an earnings report. Far from it. Come with me. The number you need to watch is the number that Scott Brown racks up against Martha Coakley in this amazing Massachusetts Senate race. I say amazing ’cause this was supposed to be a walkover. I mean, even a few weeks ago it was a lock for Democrat Coakley. But now everything’s up in the air, and a Brown win would be devastating for the president’s agenda. Let’s put Brown, okay, and I don’t mean UPS which I happen to own for my charitable trust. Particularly on healthcare reform, because Republican Brown has said he will definitely vote against the plan.

Brown in the Senate? That wrecks the 60-vote supermajority the Democrats have been counting on. It could spell the end for this almost year-long nightmare of a piece of healthcare legislation.

What does a Brown election mean larger than this? Well, first you’re going to get a knee-jerk rally in all the so-called penalized stocks — the HMOs, the drugs, the medical device-makers. I call it "knee-jerk," though, because these stocks have been on fire for months. Look at Cramer fave WellPoint, or United Health. 52 week high. 52 week high. Merck, 52 week high. It’s been clear as a bell that the healthcare reform wasn’t going to affect most healthcare stocks. That’s versus what we thought last year.

More important, though, I think investors who are nervous about the dictatorship of the Pelosi proletariat will feel at ease, and we could have a gigantic rally off a Coakley loss and a Brown win. It will be…
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The Cramer-Roubini X-treme Index

The Cramer-Roubini X-treme Index

Courtesy of Damien Hoffman at Wall St. Cheat Sheet

Cramer Tiesto Med

Case and Shiller have one. Dow and Jones have one. Black and Scholes have something similar…

Wall St. Cheat Sheet is proud to introduce our first proprietary index: The Cramer-Roubini X-treme Index. After toiling with quantum proofs and a stack of “For Dummies” books for years in the basement of Duke University’s Lilly Library, we have finally produced the perfect blend of Doom and Boom suffused with a subtle hint of X-Games adrenaline.

Unlike the VIX or other sentiment indexes which somehow fell into the shit pit during the Great Markets (Housing, Stocks, Credit, Oil, etc.) Crashes of 2008, The Cramer-Roubini X-treme Index held up like a Viagra induced E! party on The Girls Next Door. That’s right. While those old bags Dow and Jones couldn’t tell you what the hell was happening, our needle jolted from Cramer to Roubini faster than food passes through an American tourist who just ate a spoiled egg in Thailand.

By now you’re probably scratching your head trying to reverse engineer our black box indicator (which, by the way, is available to institutional and accredited investors for annual licensing at the bargain price of the US National Debt divided by 100). Don’t give yourself the mathematician’s cold sweats or the Bible Code mystic’s shiver. If you’re not an institutional investor or don’t qualify as an accredited investor, please read on (if you are one of the aforementioned investors, please pay now)…

Roubini Manson Med

The secret to our indicator is its lack of cutting-edge technology. We employ a Luddite style system where a handful of college interns sit in front of 52″ flat screens 24 hours a day, 7 days a week watching CNBC, Bloomberg, and FOX Business. Each time an unpaid viewer sees either Cramer or Roubini, he or she registers the viewing by clicking a baseball umpire’s out counter. We know it only goes to three, but we’ve hired some cum laude quality interns to do the higher math on paper from our recycling bin.

At the end of each session, we tally the Cramer and Roubini sightings on a huge chalkboard. Whoever has the most appearances on the three networks plus comments as “experts” in major print media outlets (which are monitored overseas, but that’s a story for another article),…
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Jim Cramer Generates 134.79% Return!

Jim Cramer Generates 134.79% Return!

Jim CramerCourtesy of Eric Falkenstein of Falkenblog

Recently, my email has been full of all sorts of Cramer-Spam, with stories about all these great stock picks he made. Here’s a sample of bullet points from emails from "Jim Cramer (members@e.mail-thestreet.com)":
  • Model Portfolio Outperforms S&P 500: 134.79% Total Average Return*
  • On January 20th, I bought Goldman Sachs at $60. When it hit $85 on January 28th, I trimmed my shares, locking in a 41% gain
  • I bought GE at $8.78 when everyone thought it was going bankrupt — and now it’s up 50%.
  • My subscribers were right on hand as I bought NKE for $44 on March 19th, watched the stock skyrocket, and pocketed my profits on June 2nd for a return of 34%.
  • RealMoney recommended China Green Agriculture (CGA) when its shares were trading at $5. The stock closed at $8.09 and subscribers who followed our advice netted a 61.8% gain
  • RealMoney advised subscribers to buy shares in Darling International (DAR) when the stock was trading at $4.54 a share. The stock then closed at $6.60. Once again, RealMoney nailed the market with a 46% return.
  • P.S. I can only extend this offer to you for 48 hours so please do not delay…. you have absolutely nothing to lose when you take us up on our $129.95 offer

Notice his example picks have an average return well above anyone’s hurdle rate, with returns of 30% to 134.79% (love than .79). It’s funny when people sell penis enlargement pills online for $50 because its silly and not a lot of money, but as John Stewart noted, the stock market isn’t a game. This is disgraceful and CNBC should be aware this makes them part of his scam. It simply isn’t plausible that 30%+ returns are representative, and they know that, and suredly would say they didn’t mean every return is this high, but it’s like lottery ads saying ‘anyone can win’—true enough, but highly misleading.

The following is from my book on stock recommendations, where I note that in contrast to standard asset pricing theory, ALL stock recommendations promise above average returns. In theory, half of all stocks should be recommended with below-average returns because they have good ‘risk adjusted’ returns, but this doesn’t happen. That this never happens highlights a


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House Price Crash Rate Finally Beginning To Ease

Good news! and bad news!

House Price Crash Rate Finally Beginning To Ease 

Courtesy of Henry Blodget at ClusterStock

Good news! The rate of the price decline in the housing crash has finally begun to ease.

Bad news! Prices are still falling 18% year over year.

Specifically, in April, according to the Case Shiller index, the rate of decline in nationwide house prices eased slightly in April--to 18% from 19% in March. The rate of decline has hovered around 19%-20% for the last several months.  And prices have now declined a staggering 33%-34% from the peak.

As we’ve noted over this period, before house prices can start recovering, they have to stop falling.  And the first step toward prices stopping falling is a decline in the RATE at which they are falling.  And we are finally beginning to see that.

But we’re still talking about an astonishing rate of collapse.  And we’re still looking at a peak-to-trough decline of at least 40% and probably closer to 50% nationwide, which would be unprecedented.  And even today, with prices down 33%-34% from the peak, prices are still above fair value.

So the folks who use this slight moderation in the rate of decline to spin tales of a "bottom" or, worse, a "recovery" are smoking something.  Prices have at least another 10%-15% to fall, and they’ll likely be falling for at least another year or two.

Here’s the small uptick in the rate of decline:

caseshillerrateapril.jpg

Prices have now rolled back to mid-2003 levels.  They’ll likely be back to 2000 levels before we’re through.

S&P/Case-Shiller Home Price Indices 

And here’s the positive spin from the S&P press release (always look on the bright side!):

The 10-City and 20-City Composites declined 18.0% and 18.1%, respectively, in April compared to the same month in 2008. These are improvements over their returns reported for March, down 18.7% for both indices. For the past three months, the 10-City and 20-City Composites have recorded an improvement in annual returns.  Record annual declines were reported for both indices with their respective January data, -19.4% for the 10-City Composite and 19.0% for the 20-City Composite.

“The pace of decline in residential real estate slowed in April,” says David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s. “In addition to the 10-City and 20-City Composites, 13


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PROOF: Cramer Isn’t A Lousy Stockpicker!

Note: free trial to PSW Report/instant access to articles/no credit card – click here. – Ilene

PROOF: Cramer Isn’t A Lousy Stockpicker!

Courtesy of Henry Blodget at ClusterStock

cramer-bullhorns-tbi.jpgFinally, we have an answer.

After years to Jim Cramer bragging about what a great stockpicker he is and of choruses of Mad Money viewers grousing about the opposite, the issue has been settled.

Paul Bolster and Emery Trahan of Northeastern University have done an exaustive analysis of Cramer’s Mad Money stock picks from 2005 to 2007 (pre-crash).

The answer?

Cramer’s not an awful stockpicker!

Unfortunately, he’s not a particularly good one, either. 

In fact, once you adjust for the various style factors that explain most stock returns (market, small/large, value/growth, momentum), Cramer’s stockpicking is pretty much in line with the index.  In other words, he’s average.

Also, in contrast to one of Cramer’s refrains about the mediocrity of passive investment strategies like Jack Bogle’s, once you subtract the costs of trading and taxes (not to mention the incalculable cost of having to watch Cramer’s show every night), you’d have been better off in an index fund.

Individual investors have an incredible variety of sources for investment guidance.  These
include internet blogs, financial publications, books, newsletters and, of course, television
shows.  We examine a relatively new but widely popular source of investment advice,
buy and sell recommendations made by Jim Cramer on his popular nightly Mad Money
show on CNBC…  Overall, the results suggest that, while Cramer may be
entertaining and mesmerizing to many of his viewers, his aggregate or average stock
recommendations are neither extraordinarily good nor unusually bad.

The Details

Bolster and Emery’s study is embedded below.  Here are some of the interesting points.

  • On a gross basis, Cramer’s picks actually did quite well, especially relative to the S&P 500.  Cramer’s "portfolio" (as constructed by Bolster and Emery) returned 12.1% per year, versus 7.4% for the S&P, providing lots of fodder for those who say he "beats the market."  This performance was before trading costs and taxes, however.  And the comparison to the S&P also does not take into account the type of stocks Cramer likes to buy (generally, small cap, value, and momentum stocks, which, as a group, outperformed the S&P).


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    Phil's Favorites

    The Year 2020 - The Pandemic and Speculation

     

    The Year 2020 – The Pandemic and Speculation

    Courtesy of Howard Lindzon

    It’s December and I can’t really tell if this year moved really fast or really slow.

    Time seemed to stand still in March as we all locked down.

    But here we are in December and the stock market is acting like we are secretly running around and spending like never before.

    The year 2020 will forever be remembered for the pandemic, but I will also forever remember it for speculation.

    There are all kinds of reasons for the historic speculation.

    We were locked in our homes…we had Robinhood and fractional share ownership and apps that let us chat 24/7 about stock...



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    Biotech/COVID-19

    New DIY contact tracing app expands the fight against COVID-19, using the science of memory

     

    New DIY contact tracing app expands the fight against COVID-19, using the science of memory

    This app is different. Designed by psychologists, the free and anonymous web-based app can help you remember who you came in contact with. Ani Ka via Getty Images

    Courtesy of Jacqueline R. Evans, Florida International University; Christian Meissner, Iowa State University; ...



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    ValueWalk

    Stephanie Kelton: Stop Worrying About National Deficits

    By Jacob Wolinsky. Originally published at ValueWalk.

    Tomorrow evening, Bernie Sanders’ economic advisor Stephanie Kelton, a leading voice behind the push to spend more on progressive priorities, is appearing in the Intelligence Squared U.S. debate on the motion “Stop Worrying About National Deficits.”

    Q3 2020 hedge fund letters, conferences and more

    Economic Advisor Stephanie Kelton Debates About The About National Deficits

    She's arguing for the motion alongside James Galbraith, who was Executive Director of the Joint Economic Committee in Congress. Arguing against them are Todd Buchhol...



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    Zero Hedge

    Restaurants Slashed Jobs Last Month

    Courtesy of ZeroHedge

    By Jonathan Maze of Restaurant Business

    The restaurant industry lost 17,400 jobs in November, according to new data from the U.S. Department of Labor released on Friday.

    It was the first monthly decline in the number of restaurant workers since April, suggesting that a renewed virus and state shutdowns of dine-in service are taking their toll.

    The data is likely to increase pressure on Congress and the president to approve a new stimulus package, one that includes specific aid to independent restaurants that have been devastated by the pandemic.

    The industry had been adding jobs at a rapid clip since May, as restaurants reopened dining rooms and expanded while consumers grew more comfortable with dining out. But it remains far below its pre-pande...



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    Kimble Charting Solutions

    Is The US Dollar About To Reach A Melting Point?

    Courtesy of Chris Kimble

    It’s been 20 years since the last major peak in the US Dollar. Could the greenback’s latest turn lower confirm another peak?

    Today’s chart takes a macro view of the US Dollar Index and highlights the long-term down-trend at each point (1). As you can see, the buck is on a topsy turvy ride, bouncing up and down within this down-trend.

    The latest bottom formed after the financial crisis and has seen the US Dollar trade within a 9 year up-trend channel marked by each (2). This gave bulls some confidence that the US Dollar may have formed a long-term bottomȂ...



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    Politics

    Ignoring Warnings His Election Lies Could Get People Killed, Trump Posts 46-Minute Rant Full of 'Unhinged' Falsehoods

     

    Ignoring Warnings His Election Lies Could Get People Killed, Trump Posts 46-Minute Rant Full of 'Unhinged' Falsehoods

    "Georgia elections director yesterday: Trump's rhetoric is going to get people killed. Trump today: here's 46 minutes of unhinged conspiracy theories."

    Courtesy of Jake Johnson, Common Dreams

    Activists march through the city of Detroit on November 7, 2020 to denounce President Donald Trump's false claims of voter fraud. (Photo: Adam J. Dewey/NurPhoto via Getty Images)

    Just days...



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    Chart School

    Gold Chart Review

    Courtesy of Read the Ticker

    Gold swing trade is due, lets review some charts to see if it is a viable move.

    The seasonal period of gold is now upon us, gold should advance for the next 3 months.

    Gold Gann Angle Chart ...



    Gold Channel Chart .. close up!



     

    Gold Channel Chart
     


    Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Ang...



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    Digital Currencies

    Five Reasons Why Bitcoin is Going Up

     

    Five Reasons Why Bitcoin is Going Up

    Courtesy of 

    Call it the “Respectability Rally”…

    A few reasons for Bitcoin’s return to the record highs. It’s about $18,500 as of this writing, matching the previous highs from 2017’s original explosion.

    Reason one: It’s going up because it’s going up. Don’t scoff, this is the reason most things in the markets happen and then the explanations are called for afterwards. I’m in financial television, I have literally watched this process occur in real-time. The more something moves in a given direction, the more peop...



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    Mapping The Market

    COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

    By Jacob Wolinsky. Originally published at ValueWalk.

    There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

    The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

    ...

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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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    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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    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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    About Ilene:

    Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.