Posts Tagged ‘paradox’

Joyce Carol Oates on Teddy Kennedy

Joyce Carol Oates on Teddy Kennedy

Ted KennedyCourtesy of Christopher Fountain’s For What It’s Worth

The Norwichj Millionaire sends along this link. Oates is kinder to the man than I would be, or at least she leaves open a question that I would answer in a manner different from the man’s present mourners.

At Chappaquiddick, having been drinking and partying with young women aides of his brother Robert Kennedy, Senator Kennedy, at this time a married man and a father, slipped away with 28-year-old Mary Jo Kopechne, who was trapped in his car after he took a wrong turn off the Chappaquiddick bridge, lost control of his car which was submerged in just eight feet of water.

Kennedy chose to flee the scene , leaving the young woman to die an agonising death not of drowning but of suffocation over a period of hours. Incredibly, it was 10 hours before Kennedy reported the accident, by which time he’d consulted a family lawyer. The senator’s explanation for this unconscionable, despicable, unmanly and inexplicable behaviour was never convincing: he claimed that he’d struck his head and was “confused” and “exhausted” from diving and trying to rescue the young woman and had gone home to bed.

There followed a media circus, as all of the world rushed to Chappaquiddick to expose Kennedy’s behaviour and to speculate on his future. Yet, appealing to his lawyer and not rather seeking emergency help for the trapped Mary Jo Kopechne would seem, in retrospect, to have been a felicitous move.

If Kennedy had summoned aid, he would very likely have given police officers self-incriminating evidence, which might have involved charges of vehicular manslaughter or homicide. The local prosecutor was not nearly so outraged by Kennedy’s behaviour as other prosecutors might have been: the charges were “failing to report an accident” and “leaving the scene of an accident.” The punishment: two months’ probation.

That the Kennedys had always been a family operating outside the perimeters of the sort of legal restrictions that bind other citizens to “moral” behaviour publicly, is well known; no occasion so exemplifies this than Chappaquiddick and the subsequent cooperative silence of the Kopechne family who agreed never to speak of the tragedy.

One is led to think of Tom and Daisy Buchanan of Fitzgerald’s the Great Gatsby, rich individuals accustomed to behaving carelessly and allowing others to


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Phil's Favorites

"Feel The Market": Trump Warns Fed With Fed Not To Make Mistake And Hike Rates

Courtesy of Zero Hedge

As members of the FOMC gather at the Eccles building for the first day of the central bank's December policy meeting, during which they're widely expected to vote to raise the Fed funds rate for the fourth time this year, President Trump is once again urging the central bank to reconsider - this time urging Chairman Powell & Co. to read an editorial in Tuesday's Wall Street Journal calling for a pause in rate hikes (which in turn followed a similar piece from Fed "hawks" Stanley Druckenmiller and Kevin Warsh).

I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Als...



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Zero Hedge

"Feel The Market": Trump Warns Fed With Fed Not To Make Mistake And Hike Rates

Courtesy of Zero Hedge

As members of the FOMC gather at the Eccles building for the first day of the central bank's December policy meeting, during which they're widely expected to vote to raise the Fed funds rate for the fourth time this year, President Trump is once again urging the central bank to reconsider - this time urging Chairman Powell & Co. to read an editorial in Tuesday's Wall Street Journal calling for a pause in rate hikes (which in turn followed a similar piece from Fed "hawks" Stanley Druckenmiller and Kevin Warsh).

I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Als...



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Biotech

China's win-at-all-costs approach suggests it will follow its own dangerous path in biomedicine

Reminder: We are available to chat with Members, comments are found below each post.

 

China's win-at-all-costs approach suggests it will follow its own dangerous path in biomedicine

Megacity Shenzhen, as seen from Hong Kong, is a center for Chinese finance and tech. AP Photo/Kin Cheung

Courtesy of Hallam Stevens, Nanyang Technological University

The world was shocked by ...



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Kimble Charting Solutions

Is the NYSE Composite Signaling Difficult Times Ahead?

Courtesy of Chris Kimble.

The NYSE Composite (NYA) is testing the bottom of its 12-month trading range this month. In fact, it’s breaking down and out of it… it’s sink or swim time.

Will this be a quick undercut and reversal? Or the start of a deeper correction/bear market? Bulls need to reverse this right now, or it could be a long winter.

Looking at the chart below, we can see that the NYSE composite formed bearish hanging man patterns at (1) multiple times over the past two decades. The ones highlighted were followed by an average 25% decline.

Another hanging man candlestick was formed back in February at (2). This lead to the initial stock market correction early this year. The broad stock index developed a trading range thereafter (blue sh...



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Chart School

Weekly Market Recap Dec 16, 2018

Courtesy of Blain.

A significant selloff Friday had bears continuing to enjoy December and calls for the bulls for the Federal Reserve to save them.  It’s been a very long time since bears have had the upper hand for such an extended period.  Volatility continues to be very high and the charts continue to say “remain in safety”.  The Russell 2000 – the laggard of 2018 – broke a yearly low set in February and the S&P 500 broke October lows to create a “lower low”.

Karyn Cavanaugh, senior market strategist with Voya Investment Management, said that disappointing economic data out of China was the biggest driver of Friday’s losses. “The Chinese data was a dirt sandwich, not because it showed deceleration in the Chinese economy, but because it’s showing...



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Insider Scoop

40 Stocks Moving In Monday's Mid-Day Session

Courtesy of Benzinga.

Gainers
  • Diffusion Pharmaceuticals Inc. (NASDAQ: DFFN) shares rose 65.1 percent to $4.7225 after the US Patent Office awarded the company exclusive rights for the use of its TSC drug in conjunction with tPA for stroke treatment.
  • Synergy Pharmaceuticals Inc. (NASDAQ: SGYP) climbed 34.2 percent to $0.1073 after Health Canada accepted Cipher Pharmaceuticals' new drug submission for PLECANATIDE.
  • Fidelity Southern Corporation (NASDAQ: LION) jumped 22.3 percent to ...


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Digital Currencies

Crypto Bull Tom Lee: Bitcoin's 'Fair Value' Closer To $15,000, But He's Sick Of People Asking About It

Courtesy of ZeroHedge. View original post here.

Listening to the crypto bulls of yesteryear continue to defend their case for new new all-time highs, despite a growing mountain of evidence to suggest that last year's rally was spurred by the blind greed of gullible marginal buyers (not to mention outright manipulation), one can't help but feel a twinge of pity for Mike Novogratz and Wall Street's original crypto uber-bull, Fundstrat's Tom Lee.

Lee achieved rock star status thanks to ...



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Members' Corner

Blue Wave with Cheri Jacobus (Q&A II, Updated)

By Ilene at Phil's Stock World

Cheri Jacobus is a widely known political consultant, pundit, writer and outspoken former Republican and frequent guest on CNN, MSNBC, FOX News, CBS.com, CNBC and C-Span. Cheri shares her thoughts on the political landscape with us in a follow up to our August interview.

Updated 12-10-18

Ilene: What do you think about Michael Cohen's claim that the Trump Organization's discussions with high-level Russian officials about a deal for Trump Tower Moscow continued into June 2016?

...

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Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...



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ValueWalk

Vilas Fund Up 55% In Q3; 3Q18 Letter: A Bull Market In Bearish Forecasts

By Jacob Wolinsky. Originally published at ValueWalk.

The Vilas Fund, LP letter for the third quarter ended September 30, 2018; titled, “A Bull Market in Bearish Forecasts.”

Ever since the financial crisis, there has been a huge fascination with predictions of the next “big crash” right around the next corner. Whether it is Greece, Italy, Chinese debt, the “overvalued” stock market, the Shiller Ratio, Puerto Rico, underfunded pensions in Illinois and New Jersey, the Fed (both for QE a few years ago and now for removing QE), rising interest rates, Federal budget deficits, peaking profit margins, etc...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

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.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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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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