Posts Tagged ‘Sovereign Wealth Funds’

$29 Trillion Tuesday – Central Banksters Gone Wild!

Fake it 'till you make it.  

While it was Aristotle who said that "acting virtuous will make one virtuous" (and clearly Aristotle hasn't been to the same charity events/wealth orgies that I have, or he never would have said it), it is our modern Central Banking system that decrees that "acting like the economy is better will make the economy better."  

Now, perhaps if they had spent $29,000,000,000,000 by giving 7Bn people $4,142.85 each – we WOULD have a better economy now – but that's not what happened at all, is it?  Instead, 70,000 people and corporations (the top 0.0001%) got an average of $414M each while the other 99.9999% of us, especially the bottom 90% actually are now worse off than when the Central Banksters decided to meddle in our affairs in the first place.  

The rich are indeed getting stunningly richer with the Forbes 400 (richest Americans) AVERAGING $800M gains in 2013 as the stock market (where most of their money is) rose over 30%.  Again – AVERAGE gains of $800M per Billionaire!  Once you get past #50 on the list (Google's Eric Schmidt with $8.3Bn), that's AT LEAST 10% of their total net worth added in a single year!

 As I said in our recent trade review "Thank You Sir, MAY I Have Another", if they are just going to keep giving away money like this – we're going to just have to keep taking it (through our many bullish trade ideas) but, at some point, the music will stop and you'd BETTER be able to find a chair fast!  

There's a very good reason the Corporate Media is constantly telling you how bad "class warfare" would be - BECAUSE THEY ARE ALREADY WINNING THE WAR AND YOU ARE NOT EVEN FIGHTING!!!

Like any good game of musical chairs, we have no idea when the music is going to stop, so we all have to keep dancing around like nothing is wrong until it does.  As I pointed out yesterday, it's very easy to pay $150Bn for Amazon (at $327 per share) with money you just printed because…
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Bill Cara’s Blog

Bill argues that the Geithner/Obama economic stimulus plan to co-opt the equity markets, while effective so far, is neither sustainable nor healthy. – Ilene

Bill Cara’s Blog for January 11, 2010

Courtesy of Bill Cara  

Gold Coin

Morning Call

Trading in the Gold market Friday and again this weekend was bizarre. We need to look into this situation closely.

With the release of the US December Jobs Report on Friday, the spin was that there was a negative surprise, which would lead to more Quantitative Easing, which in turn would lead to higher Gold prices. Gold popped for just a few minutes, and then sidetracked the rest of the day. So who made any money? Just as important, the November Jobs Report was revised stronger, which balanced out the reported December weakness. So it looked to me that the economic data was merely a cover for traders who wanted to distribute Gold.

Then on Saturday, Ambrose Evans-Pritchard, International Business Editor of the UK Telegraph in London, continued his hard hitting bearish reporting in an article entitled: America slides deeper into depression as Wall Street revels: (sub-head) December was the worst month for US unemployment since the Great Recession began.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/696263…

Immediately, the spin was that more Quantitative Easing would be needed, and when the Gold futures market opened on the weekend the opening tick was 1139 and the next at 1163, which was a greater than +2% move in a couple minutes. From that point forward through this morning, the Gold price has side-tracked, presently at about 1156.

At current prices, all the gold ever produced in the world, which Gold Bugs claim still exists, amounts to a valuation of $5 trillion, so that +2% move in less than 15 minutes has supposedly added about $200 billion. Wow. Not even the spending in D.C. can grow that fast.

Some time in the past year, I realized that capital markets had become something other than what they are designed for, which is a price discovery mechanism for assets based on economics. Regrettably, since the central banks of the world have caused their balance sheets to balloon during 2009, which is well illustrated in the graph I show in this weekend’s Week In Review, the global financial system is now based on hot air, not real assets in the economic sense.

On the balance sheet of…
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Zero Hedge

Realtors Urge Fed To Stop Hiking As Existing Home Sales Slump Most Since 2014

Courtesy of ZeroHedge. View original post here.

Despite a modestly better than expected 1.4% MoM rise (after September's 3.4% slump), existing home sales slumped 5.1% year-over-year - the biggest drop since 2014.

A blip higher in SAAR...

Regionally, The West is suffering the most...

  • Existing-home sales in the Northeast increased 1.5% to an annual rate of...



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Phil's Favorites

A Frightful Fall for FAANG Investors

 

A Frightful Fall for FAANG Investors

By , Statista 

Things went from bad to worse for FAANG shareholders on Monday, as share prices of Facebook, Amazon, Apple, Netflix and Google dropped by another 4 to 6 percent in what shapes up to be a terrible fall for America’s tech heavyweights. 

Since the beginning of September, every one of the FAANG group has suffered significant losses in market cap, with Amazon hit particularly hard. After the-commerce giant bri...



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Kimble Charting Solutions

Tech Wreck Most Likely Gets Started Here!

Courtesy of Chris Kimble.

This chart looks at the Nasdaq Composite Index (IXIC) over the past 38-years. It has spent the majority inside of the past 25-years inside of rising channel (1).

The Long-term Trend in this index remains up, despite the softness of late.

The rally off the bottom of the channel that started in 2009, hit the top of the channel in September, as monthly momentum reached levels last seen in 2000. The price and momentum decline over the past 7-weeks has both testing 9-year rising support at (2).

...



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Insider Scoop

20 Stocks Moving In Wednesday's Pre-Market Session

Courtesy of Benzinga.

Gainers
  • Foot Locker, Inc. (NYSE: FL) rose 15.4 percent to $53.15 in pre-market trading after the company reported stronger-than-expected earnings for its third quarter on Tuesday.
  • Ability Inc. (NASDAQ: ABIL) rose 14.2 percent to $3.22 in pre-market trading after the company announced plans to acquire a company that licences Ultimate Interception for $1 million in Ability stock plus warrants.
  • Qudian Inc. (NYSE: QD) rose 11.4 percent to $4.79 in pre-market trading...


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Chart School

Weekly Market Recap Nov 18, 2018

Courtesy of Blain.

A rough Monday sunk chances for a positive week on the indexes as the choppy action continues.   As we mentioned in last week’s recap while some technical indicators improved, solid markets show lower volatility than what we are currently seeing.  This week will be interesting because there is usually a positive bias Thanksgiving week as many professional traders are off for the week!  Not much news worthy this week – some fears around oil, Brexit, China trade, etc etc – mostly technical conditions continue to be weak.

Macro headwinds, including trade tensions, rising interest rates, a stronger dollar, and slowing growth abroad have also helped to trigger a pivot towards negative sentiment in the market. “This is where peak earnings growth comes in,” Essaye said, argui...



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Members' Corner

NY Times: OPERATION INFEKTION

 

This is a three-part Opinion Video Series from NY Times about Russia’s meddling in the United States’ elections as part of its "decades-long campaign to tear the West apart." This is not fake news. Read more about the series here.

OPERATION INFEKTION

RUSSIAN DISINFORMATION: FROM COLD WAR TO KANYE

By Adam B. Ellick and Adam Westbrook

EPISODE 1

MEE...



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Digital Currencies

Bitcoin's high energy consumption is a concern - but it may be a price worth paying

 

Bitcoin's high energy consumption is a concern – but it may be a price worth paying

Shutterstock

Courtesy of Steven Huckle, University of Sussex

Bitcoin recently turned ten years old. In that time, it has proved revolutionary because it ignores the need for modern money’s institutions to verify payments. Instead, Bitcoin relies on cryptographic techniques to prove identity and authenticity.

However, the price to pay for all of this innovation is a high carbon footprint, created by Bitc...



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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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Biotech

Gene-editing technique CRISPR identifies dangerous breast cancer mutations

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

 

Gene-editing technique CRISPR identifies dangerous breast cancer mutations

Breast cancer type 1 (BRCA1) is a human tumor suppressor gene, found in all humans. Its protein, also called by the synonym BRCA1, is responsible for repairing DNA. ibreakstock/Shutterstock.com

By Jay Shendure, University of Washington; Greg Findlay, ...



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Mapping The Market

Mistakes were Made. (And, Yes, by Me.)

Via Jean-Luc:

Famed investor reflecting on his mistakes:

Mistakes were Made. (And, Yes, by Me.)

One that stands out for me:

Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...



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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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All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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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. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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