Posts Tagged ‘news’

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Who Owns The Media? The 6 Monolithic Corporations That Control Almost Everything We Watch, Hear And Read

Who Owns The Media? The 6 Monolithic Corporations That Control Almost Everything We Watch, Hear And Read

Courtesy of Michael Snyder at Economic Collapse 

Back in 1983, approximately 50 corporations controlled the vast majority of all news media in the United States.  Today, ownership of the news media has been concentrated in the hands of just six incredibly powerful media corporations.  These corporate behemoths control most of what we watch, hear and read every single day.  They own television networks, cable channels, movie studios, newspapers, magazines, publishing houses, music labels and even many of our favorite websites. Sadly, most Americans don’t even stop to think about who is feeding them the endless hours of news and entertainment that they constantly ingest.

Most Americans don’t really seem to care about who owns the media.  But they should. The truth is that each of us is deeply influenced by the messages that are constantly being pounded into our heads by the mainstream media.  The average American watches 153 hours of television a month. In fact, most Americans begin to feel physically uncomfortable if they go too long without watching or listening to something. Sadly, most Americans have become absolutely addicted to news and entertainment and the ownership of all that news and entertainment that we crave is being concentrated in fewer and fewer hands each year. 

The six corporations that collectively control U.S. media today are Time Warner, Walt Disney, Viacom, Rupert Murdoch’s News Corp., CBS Corporation and NBC Universal. Together, the "big six" absolutely dominate news and entertainment in the United States.  But even those areas of the media that the "big six" do not completely control are becoming increasingly concentrated. For example, Clear Channel now owns over 1000 radio stations across the United States. Companies like Google, Yahoo and Microsoft are increasingly dominating the Internet.

But it is the "big six" that are the biggest concerns.  When you control what Americans watch, hear and read you gain a great deal of control over what they think. They don’t call it "programming" for nothing. 

Back in 1983 it was bad enough that about 50 corporations dominated U.S. media.  But since that time, power over the media has rapidly become concentrated in the hands of fewer and fewer people….

In 1983, fifty corporations dominated most of every mass medium and the biggest media merger in history was a $340 million deal. … [I]n…
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The Only Thing Decoupling is Investors and their Money

The Reformed Broker Joshua Brown shatters any remaining signs of life in dying Decoupling myth. – Ilene

The Only Thing Decoupling is Investors and their Money

Hammer smashing plate of glass

Johnny Cash once ominously sang "you can run on for a long time" before reminding those whom he considered wicked that sooner or later, they’d be cut down.

US stocks were able to ignore the sovereign debt crises of southern Europe…until they weren’t. Now your Staples ($SPLS) and your Akamai Networks ($AKAM) are slaves to the macro once more. The "Decoupling Theory" fails again, just as it did in 2008 when asset prices around the world fell in tandem.

I’m gonna say this one time – Decoupling is a demonstrably false concept in the 21st century global economy. Sure, there are degrees of correlation but there is no decoupling. Everybody around the world owns pieces of everything, regardless of borders, currencies, languages or timezones.  The world has been ETF’d, we all reside in a bought-and-sold basket of instruments. China will eventually succumb to its export customers’ malaise just as surely as US and European exporters will ultimately feel the pinch of a China slowdown.

Russia, Australia, Brazil and Canada may be stronger than their ‘customer nations’ because of their vast raw materials but can they really sustain this strength should the ‘customer nations’ begin demanding less raw material from them?

Nothing is decoupled with anything anymore.  You may tell yourself that your Abercrombie & Fitch ($ANF) shares have no exposure to Spain or Portugal – but if the market decides to blow itself up over Spain and Portugal, Abercrombie’s gonna get slapped around.

By the way, the same principle is in effect on bounces and rallies.  How else to explain the 420 point Dow Jones Industrial Average rally on confirmation of the Euro TARP? How else to explain the fact that every stock was up, European exposure or not?

So the next time you hear Bob Pisani on CNBC emphasize "Europe’s Close", as though the closing of their markets is like the ‘all clear’ signal for US stocks to recover, remember that the macro has reasserted its influence on our market.  And this influence doesn’t wane for any market’s closing bell.

Recoupled. Adjust your expectations accordingly. 


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What Does NOT Move Markets? Examining 8 Claims of Market Efficiency

What Does NOT Move Markets? Examining 8 Claims of Market Efficiency 

By Susan Walker, courtesy of Elliott Wave International 

If everyone says that shocks from outside the financial system — so-called exogenous shocks — can affect it for better or worse, they must be right.

It just sounds so darned logical, right? Economists believe this trope to be true, mainly because they believe that investors are rational thinkers who re-evaluate their positions after every new bit of relevant information turns up.

Beginning to sound slightly impossible? Well, yes.

It turns out that logic is exactly what’s missing from this it-feels-so-right idea of rational reaction to exogenous shocks.  Find out what really moves markets — download the free 118-page Independent Investor eBook.  You might be surprised to discover that it’s not the Fed or "surprise" news events. Learn more, and download your free ebook here.

Excerpted from Robert Prechter’s February 2010 Elliott Wave Theorist, published Feb. 19, 2010                            

The Efficient Market Hypothesis (EMH) argues that as new information enters the marketplace, investors revalue stocks accordingly. … In such a world, the market would fluctuate narrowly around equilibrium as minor bits of news about individual companies mostly canceled each other out. Then important events, which would affect the valuation of the market as a whole, would serve as “shocks” causing investors to adjust prices to a new level, reflecting that new information. One would see these reactions in real time, and investigators of market history would face no difficulties in identifying precisely what new information caused the change in prices. …

This is a simple idea and simple to test. But almost no one ever bothers to test it. According to the mindset of conventional economists, no one needs to test it; it just feels right; it must be right. It’s the only model anyone can think of. But socionomists [those who use the Wave Principle to make social predictions] have tested this idea multiple ways. And the result is not pretty for the theories that rely upon it.

The tests that we will examine are not rigorous or statistical. Our time and resources are limited. But in refuting a theory, extreme rigor is unnecessary. If someone says, “All leaves are green,” all one need do is show him a red one to refute the claim. I hope when we are done with our brief survey, you will


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The FBI Just Shut Down Tax Protest Terrorist Joe Stack’s Website

The FBI Just Shut Down Tax Protest Terrorist Joe Stack’s Website

Courtesy of John Carney at Clusterstock 

crash plane austin

Source: AP

It’s a good thing we grabbed the insane manifesto of Joe Stack, the guy who flew his plane into a seven story building in Austin, Texas. 

Because the website is now down.

"This website has been taken offline due to the sensitive nature of the events that transpired in Texas this morning and in compliance with a request from the FBI," T35 Hosting explains.

While it seems reasonable for T35 to comply with the FBI request, we cannot help but wonder what the purpose of taking the site down might be. Is the FBI worried it might inspire copycat attacks?

See Also:

 

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S&P Hits 1,000 – A Sampling of Headlines From Last Time We Saw This Level…

Welcome to Zach! - Ilene

S&P Hits 1,000 – A Sampling of Headlines From Last Time We Saw This Level…

Wall Street JournalCourtesy of Zach at ZachStocks

Welcome Back!  I have to admit that seeing the S&P 500 index back in “quadruple digit status” makes me just a bit nostalgic.  So do you remember where you were the last time the S&P closed above 1,000?  For me, the memories are a bit hazy as our twins were born October 21, and since the last time we saw this level occurred on November 4th, I was a good fortnight into sleep deprivation.

Actually the bigger question might be if you remember where you were the first day this side of 2004 when you saw the S&P close below the 1,000 mark.  The date was October seventh and being a bit of a pack rat, I still have the Wall Street Journal for Oct 8th in which the headline reads:

US, Britain Up Ante in Fight to Stop Crisis

Obviously, that fight had a long way to go as the S&P eventually dropped another 33% before hitting rock bottom just off the illustrious 666 level.  The trip down memory lane is more than just “for old times sake” – it’s important to realize just how far we have come and what issues caused (and prolonged) this financial crisis.  Here are a few additional noteworthy headlines:

Sept 13: Crisis on Wall Street as Lehman Totters, Merrill Seeks Buyer, AIG Hunts for Cash

The article explains that after bailing out Fannie Mae and Freddie Mac just one week prior, the government refused to provide a financial backstop to potential buyers of Lehman

Sept 17: U.S. Plans Rescue of AIG to Halt Crisis; Central Banks Inject Cash as Credit Dries Up

“The Federal Reserve appeared to be motivated in part by worries that Wall Street’s financial crisis could begin to spill over into seemingly safe investments held by small investors such as money-market funds that invest in AIG debt.”  I honestly don’t think that the Fed had any idea of the magnitude of what they were dealing with yet.

Sept 20: U.S. Bailout Plan Calms Markets, But Struggle Looms Over Details

The accompanying picture includes SEC Chairman Cox, Treasury Secretary Paulson and Fed Chairman Bernanke walking solemnly behind President Bush.  The “in process” treasury plan was revealed and was


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Phil's Favorites

The Great Grift

 

The Great Grift

Courtesy of Scott Galloway, No Mercy/No Malice@profgalloway

The federal response to the pandemic has been massive — a $5 trillion effort. It has also been a con. Under the cloud cover of Covid-19, the shareholder class has used its outsized influence over government to toss a few loaves of bread at those suffering, all the while accruing trillions of dollars in wealth financed on the backs of younger, and future, generations.

How did we get here? In a healthy capitalist economy, wealth is always at risk. Competition spurs inn...



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Zero Hedge

World's Largest Muscle Car Collector Set To Auction 200 Rare Vehicles At No Reserve 

Courtesy of ZeroHedge View original post here.

While current market euphoria has surpassed dot com levels, what is going on now is absolutely astonishing and gets crazier by the day. The on-going Federal Reserve's QE purchases, plus all other major central banks, are plowing $1.3 billion into capital markets every 60 minutes since March. 

And, of course, all this newly printed money has found a home in financial markets, real estate, among other things, class...



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Biotech/COVID-19

The simple reason West Virginia leads the nation in vaccinating nursing home residents

 

The simple reason West Virginia leads the nation in vaccinating nursing home residents

By mid-January, only about a quarter of the COVID-19 vaccines distributed for U.S. nursing homes through the federal program had reached people’s arms. Paul Bersebach/MediaNews Group/Orange County Register via Getty Images

Courtesy of Tinglong Dai, Johns Hopkins University School of Nursing

The urgency of vaccinating nursing home residents is evident in the numbers. The COVID-19 pandemic has claimed the lives of mo...



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Politics

Trump supporters seeking more violence could target state capitols during inauguration - here's how cities can prepare

 

Trump supporters seeking more violence could target state capitols during inauguration – here's how cities can prepare

The FBI says armed protests are planned at all 50 state capitols ahead of President-elect Joe Biden’s inauguration. Paul Weaver/SOPA Images/LightRocket via Getty Images

Courtesy of Jennifer Earl, University of Arizona

Americans witnessed an alarming and deadly failure in planning and policing at ...



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ValueWalk

US Consumer Confidence Increases At Start Of 2021

By Refinitiv. Originally published at ValueWalk.

WASHINGTON, DC ‐ According to the Refinitiv/Ipsos Primary Consumer Sentiment Index, American consumer confidence for January 2021 is at 50.9, up 2.8 points from last month. The index fielded from December 25, 2020, to January 8, 2021.

Q3 2020 hedge fund letters, conferences and more

American Consumer Confidence Is Back Up In 2021

After a sharp 4‐point decline in December, American consumer confidence has returned to levels seen in September 2020 (50.6). The Current, Expectations, Investment, and Jobs sub‐indices all experienced ...



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Kimble Charting Solutions

Treasury Bond Yields At Make-Or-Break Decision Point Says Joe Friday

Courtesy of Chris Kimble

Treasury bond yields (and interest rates) have been falling for so long now that investors have taken it for granted.

But bond yields have been rising for the past several months and perhaps investors should pay attention, especially as we grapple with questions about inflation and the broader economy (and prospects for recovery).

Today we ask Joe Friday to deliver us the facts! Below is a long-term “monthly” chart of the 30 Year US Treasury Bond Yield.

Counter-Trend Rally In Yields Facing Strong Resistance!

As you can see, treasury bond yields have spent much of the past 25 years trading in a falling channel… but the coronavirus crash sent yields...



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Mapping The Market

The Countries With The Most COVID-19 Cases

 

The Countries With The Most COVID-19 Cases

By Martin Armstrong, Statista, Jan 12, 2021

This regularly updated infographic keeps track of the countries with the most confirmed Covid-19 cases. The United States is still at the top of the list, with a total now exceeding the 22 million mark, according to Johns Hopkins University figures. The total global figure is now over 85 million, while there have been more than 1.9 million deaths.

You will find more infographics at ...



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Chart School

Best Wyckoff Accumulation for 2020

Courtesy of Read the Ticker

Yes folks there has to be a winner. Price and volume in the right place. Very nice eye candy!


Introduction ...

Ethereum was posted on RTT Wyckoff Campaign blog for monitory and trade entry. To watch the RTT Wyckoff Campaign blog is part of the RTT Plus service. After all you only need one to two great accumulations in a year and returns will be fantastic.






Charts in the video ...


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Digital Currencies

Bitcoin: why the price has exploded - and where it goes from here

 

Bitcoin: why the price has exploded – and where it goes from here

B is for blast-off (but also bubble). 3DJustincase

Courtesy of Andrew Urquhart, University of Reading

Bitcoin achieved a remarkable rise in 2020 in spite of many things that would normally make investors wary, including US-China tensions, Brexit and, of course, an international pandemic. From a year-low on the daily charts of US$4,748 (£3,490) in the middle of March as pandemic fears took hold, bitcoin rose to ju...



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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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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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