Posts Tagged ‘Sports’

Tiger Is Doubling Down On Buddhism To Get Over His Sex-Addiction

Good for Tiger, and maybe even Buddhism.  Sometimes it takes a life-changing disaster to find a healthier course. We hope Buddhism will help Tiger achieve the hole in one he’s looking for so he can keep his putter in his bag. – Ilene 

Tiger Is Doubling Down On Buddhism To Get Over His Sex-Addiction

Courtesy Jay Yarow at Clusterstock/Business Insider

tiger woods conf 4

Tiger Woods just announced plans to focus more on Buddhism to help him get his life together.

This will no doubt disappoint Brit Hume, who infamously suggested Tiger use Christianity to get over his sex addiction.

Tiger says he’s heading back to rehab, and he’ll use the religion to find his center.

See also: 

Tiger Apologizes, Has No Immediate Comeback Plans

Courtesy of Joe Weisenthal at Clusterstock/Business Insider  

 

Below is our just-concluded liveblog of the Tiger Woods apology.

The key points:

  • He’s sorry.


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Tiger Woods Is Headed To Rehab For Sex Compulsion

Yep, no surprises here.  – Ilene

Tiger Woods Is Headed To Rehab For Sex Compulsion

Tiger On BedCourtesy of John Carney at Clusterstock/Business Insider

Tiger Woods is reportedly planning to go into rehab in Arizona for treatment for ‘sexual compulsion’ and his use of Vicodin painkillers and Ambien sleeping pills.

This, of course, is the way everyone knew this scandal would end.

The news was reported by the British tabloid The Daily Mail.

 


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Tiger-gate

Courtesy of The Business Insider

IT BEGINS: Gatorade Discontinues Tiger Line

By Joe Weisenthal

tiger woods gatoradeJust in from CNBC: Gatorade says it is discontinuing its "Gatorade Tiger Focus" product line.

"It has nothing to do with recent events," the company says, laughably.

Of course, they’re still sponsoring him, so it’s not a total cut-off.

But this is just the beginning of the damage about to be inflicted on Woods’s very fat pocketbook.

Tiger Woods is now associated with pornstars, domestic disputes, and the hospitalization of his mother-in-law. In other words, he’s toxic.

See Also:

Will "Morals" Clauses Impact Tiger’s Endorsements?

By Erin Geiger Smith, courtesy of The Business Insider

Nike supports Tiger and his family. Our relationship remains unchanged."

Such was Nike’s statement last Wednesday, when we were just a few days (and a few mistresses) into the Tiger Woods scandal.

Nearly a week (and numerous mistresses) later, news came from CNBC that one of Woods’s sponsors, Gatorade, is discontinuing one of its products connected to golf’s biggest star.

Gatorade said the decision had "absolutely nothing to do with recent events," and there is evidence it actually was not scandal-related ("[I]ndustry trade Beverage Digest actually reported the discontinuation of the Gatorade Tiger Focus line on Nov. 25, two days before the accident occurred, CNBC reported).

But as the scandal continues to unfold and additional allegations pour out, no doubt Woods’s sponsors are holding closed door meeting to decide how to move forward.

Woods’s endorsement deals are a massive part of his income.  He is projected to surpass $1 billion in career earnings by 2010, 90% of which will have come from endorsements.

One phrase that is being tossed around is "morals clause." While Woods’s alleged behavior may be morally objectionable to many, that has nothing to do with how "moral" may be legally defined in his various contracts.

Fernando Pinguelo, who has written about morals clauses, said that, like all contract negotiations, the "leverage the ‘talent’ has in a particular deal," as well as the capabilities of his agent, will direct what the clause says. Woods, of course, had maximum bargaining power and top tier representatives.

tiger woodsThough he has not seen any of Woods’s contracts, he speculated that any morals clause would be quite…
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No Way Out For Tiger Woods Other Than The Truth

Wondering what’s been going on with Tiger?

No Way Out For Tiger Woods Other Than The Truth

Courtesy of Henry Blodget at Clusterstock

tigerwoods2 tbiAnother day of silence has left Tiger and Elin Woods with only one option about how to deal with the car crash: Tell the world exactly what happened, and soon.

Of all the stories and speculation that are swirling around, this one from TMZ seems to fit the facts the best.  It’s based on a conversation Tiger reportedly had with a friend yesterday.

We’re told he said his wife had confronted him about reports that he was seeing another woman. The argument got heated and, according to our source, she scratched his face up. We’re told it was then Woods beat a hasty retreat

for his SUV — but according to our source, Woods says his wife followed behind with a golf club. As Tiger drove away, she struck the vehicle several times with the club…

Tiger then became distracted and hit the hydrant and then a nearby tree.

We’re also told Woods had said during the conversation Friday he had been taking prescription pain medication for an injury, which could explain why he seemed somewhat out of it at the scene.

Startling stuff?

Yes.

But also survivable.

If Tiger was, in fact, scratched and knocked unconscious by his furious wife, Tiger will have paid for whatever mistake he made in a way that most public figures who make that mistake don’t.  This will earn him some sympathy.  Remaining silent for a day to protect Elin will earn him even more.

Elin, meanwhille, appears to have stood up for herself, which will win her some points, too (although not for the manner in which she did it).  People have little respect for the typical stand-by-your-man approach to these things, and the facts suggest Elin may have taken a different route.

What won’t work is a vague reiteration of what Tiger’s camp said on Friday: That Tiger just had a minor car accident. 

The police will get to the bottom of what happened, and unless TMZ is just fabricating sources (we doubt it), Tiger appears to have offered at least one person a more complete and believable version of events. 


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Phil's Favorites

The Trade Deficit Isn't the Boogeyman

 

The Trade Deficit Isn’t the Boogeyman

Courtesy of John Mauldin, Thoughts from the Frontline

I have to confess something: I run a huge trade deficit. It’s not with China or Mexico, but with Amazon. I buy all sorts of goods from them and Jeff Bezos has yet to spend a penny with me. It’s just not fair.

Sound ridiculous? That’s exactly what it is. Totally absurd. I like Amazon. I’m happy with the items the company ships to me and (I presume) Amazon is happy to receive my money. We both win.

The same kind of relationship exists between the US and China, although with a few twists we’ll discuss below. That’s not to say Chin...



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Zero Hedge

More Free Money For Banks: St Louis Fed Discloses 'A Carry Trade In Liquidity'

Courtesy of Mike Shedlock, MishTalk

Not only do banks earn free money on excess reserves, they can borrow money and make guaranteed free money on that.

The Federal Reserve Bank of St. Louis discusses the Carry Trade in Liquidity.

The IOER [interest on excess reserves] has been the effective ceiling of other short-term interest rates. The figure above compares the IOER with overnight rates on deposits and repos. ...



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Kimble Charting Solutions

S&P Testing Strong Support, With Fear Levels High!

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

This chart looks at the S&P 500 on a weekly basis over the past couple of years. Since the start of 2016, the S&P has spent the majority of the time inside rising channel (1).

In January the S&P hit the top of the rising channel and selling quickly took place, taking it down to test rising support in a matter of a couple of weeks.

The softness of late has the S&P facing rising channel support and its 200-day moving average at (2). 

CNN Fear & Greed Index-

...



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Insider Scoop

Marvell Holds Attractive Risk-Reward, BMO Says In Upgrade

Courtesy of Benzinga.

Related MRVL Benzinga's Top Upgrades, Downgrades For October 16, 2018 The Week Ahead: Q3 Earnings Season, Canada Decriminalize...

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Digital Currencies

Tether Tumbles Below Critical $1 Threshold As Dollar-Pegged Crypto Doubts Soar

Courtesy of ZeroHedge. View original post here.

Update: Careful to quickly assuage any potential loss of the narrative and 'full faith and credit' of the 'stablecoin', Tether released a statement on USDT drop:

"We would like to reiterate that although markets have shown temporary fluctuations in price, all USDT in circulation are sufficiently backed by U.S. dollars (USD) and that assets have always exceeded liabilities."

See, nothing to panic about.

*  *  *

The only cryptocurrency not rallying right now is the one pegged to the U.S. dolla...



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Chart School

Weekly Market Recap Oct 14, 2018

Courtesy of Blain.

Wednesday and Thursday finally brought some fireworks to a very complacent market.   The S&P 500 had not had a 1% move in 74 days until Wednesday’s drawdown.

Rising yields were nailed as the culprit but months of rallying eventually require some sort of shake out – whatever the catalyst.  Wednesday’s sell off was the worst day for the S&P 500 since February and the worst for the NASDAQ since June 2016.

The market losses are “a reaction from investors finally realizing we are in a higher interest-rate environment, and given the elevated level of stocks, market participants were likely looking for a reason to sell,” said Charlie Ripley, senior investment strategist for Allianz Investment Management. “Higher interest rates typically bring on tighter ...



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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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Members' Corner

Why obvious lies still make good propaganda

 

This is very good; it's about "firehosing", a type of propaganda, and how it works.

Why obvious lies still make good propaganda

A 2016 report described Russian propaganda as:
• high in volume
• rapid, continuous and repetitive
• having no commitment to objective reality
• lacking consistency

...

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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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