Posts Tagged ‘Yen’

Thrilling Thursday – Can Super Mario Save the Markets?

SPY 5 MINUTEWheeeeeee - What a ride!

As with skiing, a nice drop can be lots of fun – if you are ready for it.  If not, things can get broken…  Supports were broken yesterday as we lost the 200-Day Moving Average on the NYSE (10,600) and the 50 dma on the Dow (16,930), Nasdaq (4,500) and the S&P (1,975).  

We lost the Russell ages ago, when we made our Death Cross so "told you so" on that one.  As I said at the time (9/16):

Of course, we've been telling you for weeks now that the markets were toppy but at least now it's getting obvious.  The Fed may still pull a rabbit out of its ass and goose the markets once again but I very much doubt anything is going to stop the eventual correction now.  Delay, maybe – stop, no.

Our trade idea that day in our morning post that day was:

If, however, you buy just $2,500 worth of the of the TZA Oct $13/16 bull call spread at $1 (25 contracts), they will pay you back $7,500 if TZA goes up about 15% (just a 5% move up in the RUT) AND they don't lose all their money until TZA is down 10% (a 3% move up in the RUT).  

That trade is already 110% in the money and on it's way for a $5,000 per unit gain (200%) – a very nice way to hedge what is, so far, less than a 10% pullback in our indexes.  What we do, once these hedges go in the money (if we're still bearish) is add another layer of hedges at higher strikes and we put a stop on our original hedges to lock in those gains.  That's where we are now as we begain playing for a bounce yesterday in our Live Member Chat Room (you can join us HERE).  

This morning, we're waiting on Draghi to wave his magic stimulus wand and stop the market slide but I'm not sure he can
continue reading


Tags: , , , , , , , , , , , , , , , , , ,




Thrill-Ride Thursday – Will Dudley Do Right Save the Day?

Wheeeeeeeeeee!

Now THIS is an exciting ride.  We had a great sell-off in the Futures this morning – the same Futures that I mentioned, in yesterday’s Morning Post, that we had shorted at S&P 1,200 and Russell 710 in a post I had titled "1,200 or Bust!"  Of course we also called for our usual monthly oil short with the (/CL) Futures hitting $99 on yesterday’s inventory and now down to $86 (up $3,000 per contract).

Of course, for the Futures Impaired – we still have our straight USO Sept $32 puts at .90, which we whittled down to a .75 in yesterday’s Member Chat as well as the very lovely idea of the SQQQ Sept $25/28 bull call spread at $1 (spread with short RIMM Sept $22.50 puts to make it FREE) that I mentioned right in the 2nd paragraph of Tuesday’s post.  Those were just the ideas we gave away for free!  In Member Chat, yesterday’s morning Alert to Members was this:  

As I said earlier, we like the Futures short at RUT (/TF) 710 and S&P (/ES) 1,200 but the big play today will be shorting oil (/CL) below the $88.50 line or, hopefully, below the $90 mark if they get that high.  Expect the Dollar to re-test 73.50 and, if they hold it, then it’s a great time to hit the shorts but, with oil, we’re waiting on that inventory report at 10:30.  

As an overall short on oil, the Sept $32 puts are down to .65 and .60 is a good spot to DD in the $25KP (10 more).  AFTER that, with an average of .75 per contract, we want to consider rolling up to the Sept $33 puts, now .90 for .30 or less.

Another fun way to play an oil sell-off is the


continue reading


Tags: , , , , , , , , , , , , , ,




TGIF – Dollar Done Diving or Destined to Drop?

$USD WEEKLY It is ALL about the Dollar.  

This week, the Dollar was smacked down from 76.37 on Monday to 75.04 early this morning for a 1.7% drop on the week, costing US citizens $1.7Tn of their lifetime savings in order for Goldman Sachs to close out their month on a high note as commodities, once again, skyrocketed – pushing the key wholesale price of gasoline back over $3 so gas stations could mark it up to $4 at the pump and charge US consumers $1.15 more per gallon than last year (up 41%) for an estimated $3.75Bn of additional charges levied against 150M US drivers in the next 3 days.  

Hey, that’s only $25 per driver, right?  That’s totally right!  If you are going to steal $2.5Bn, that’s exactly the way to do it – in small amounts over and over again.  If you steal $2.5Bn from one person or from several people, like Madoff, you go to jail but if you steal $25 from every family in America – you go on the cover of Forbes and get to advise the President on Economic policy!  

Also, Madoff’s big mistake was robbing rich people.  That’s a big no-no in America but robbing poor people is called Capitalism and, if you complain about it, you are some sort of Communist and will be thrown off the island so shut up and give us your $25!  Ah, ain’t that America?  

As I mentioned yesterday, we won many thousands of tanks of gas betting against $101 oil in the fake rally and this morning we picked up another .40 win in the futures as I sent out an early morning Alert to Members to short oil at $100.90 and we got a nice ride back to $100.50.  40 cents may not sound like much but the QM futures contracts pay $12.50 per penny per contact so that little move nets $812.50 per contract – that’s enough to tank up the Range Rover AND take care of the monthly lease payment! 

$WTIC WEEKLY This is why the investor class doesn’t give a damn about a $25 rise in the price of gas – we may pay $25 just like the little people but we OWN the oil companies and the refiners and the gas stations and even the commodities and we pay $25 but collect $8,000 on just 10 contracts in
continue reading


Tags: , , , , , , , ,




TOLDJA!! The Dollar Broke Lower—So Now What?

Courtesy of Gonzalo Lira

Excerpt:

If QE-2 ends in June like it’s supposed to, and interest rates rise in the face of a weakened dollar, what do you think Timothy Geithner will be looking at? He’ll have to issue Treasury debt for the trillion-plus fiscal year 2012 deficit, and additional Treasury debt for the interest on the FY 2012 deficit—and then even more Treasury debt to cover theinterest on the interest!
 
Tiny Timmy’s pin-head would explode into a million pieces, if interest rates were to rise. 
 
Benny and the Eccles Jackals are not unsympathetic to Tiny Timmy’s plight. But it’s not enough for the Federal Reserve to decree (via the Fed Funds Rate) that interest rates will not rise, in the face of rising Treasury yields. The Fed—in order to keep those yields low—has to dosomething. Something, in order to keep the Federal government funded. 
 
Therefore, here is another one of GL’s Fearless Predictions™: 

Once Quantitative Easing-2 ends this coming June, the Treasury bond purchases will be extended indefinitely—call it QE-3. The amount of each month’s purchase of Treasury bonds by the Federal Reserve will be at least $75 billion—but don’t be surprised if it’s as high as $100 billion to $125 billion. Per month. 

Yes.

This is the only way that the Federal Reserve and the Treasury department will be able to achieve their contradictory objectives of fully funding the Federal government’s debt, and maintaining low interest rates in order to “stimulate lending”. 
 
So to answer the question, How low will the dollar go?
 
This go-around? I don’t know, but in the near-term I’d guess 73.5 on the dollar index, the euro topping out at $1.47, the yen to ¥77.50, gold to $1,450, silver $39 maybe. Maybe in the next three to four weeks, but perhaps even sooner. 
 

In the long term? If the clowns running the circus remain in place, my guess is the dollar will soon enough hit The Big Bagel.  

Read the whole article here > 


Tags: , , , , , ,




Technical Tuesday – Charting our Future

XLF WEEKLYFundamentals don’t matter so let’s look at the technicals.

As you can see from David Fry’s chart, there’s a good reason that XLF was my Trade of the Year in December 25th’s "Secret Santa’s Inflation Hedges."  The full force of the US Government is backstopping this play, in which we took the Jan $12/13 bull call spread at .80 and sold the Jan $11 puts for .40 for net .40 on the $1 spread.  I said, just 37 days ago, that this could  be the easiest 150% you ever make.   

Just 5 weeks later, the bull call spread is .90 and the short puts are .30 for a net .60 – up 50% in 5 weeks.  That SHOULD help keep us ahead of inflation, right?  Keep in mind this was a trade, among others, that I published for free to the General Public on both our subscription site as well as Seeking Alpha and then it was syndicated on Yahoo Finance, Google Finance, MarketWatch, AOL, etc.  I’m told that about 250,000 people read my free public posts when I make them available, so it’s not like these trades were so secret.  

Yet, however many people decided these were good trade ideas and followed them – it didn’t matter because our counter-party wants to lose!  Yes, that’s right, we are riding on the coat-tails of the Banksters, who are taking our future tax dollars from the Federal Reserve and betting them on rising commodity prices and monetary inflation.  In order for us to bet on that, we need some idiotic counter-party to take the other side of that bet – one that assumes falling commodity prices and no inflation.  

Even in under-educated America, who would be foolish enough to take such a bet?  Why it’s us, of course! Well, it’s the Federal Reserve Bank of the United States of America who are spending $100Bn a month buying Treasury Bills at the lowest rates every (assuming no inflation) while trying to justify their misuse of our money with BS statistics that we’ve stripped away in "How the US Government Manipulates Inflation Data" along with this helpful video:

The Fed is using YOUR money, through debt, taxation and devaluation, to buy notes that a rational investor wouldn’t touch with a 10-foot pole and the ONLY way you can prevent yourself from getting screwed
continue reading


Tags: , , , , , , , , , , , , ,




Thrilling Thursday – US Companies Create 1.4M Jobs! (Overseas)

 US Corporations are hiring – they are just not hiring you!  

The Economic Policy Institute, a Washington think tank, says American companies have created 1.4 million jobs overseas this year, compared with less than 1 million in the U.S. The additional 1.4 million jobs would have lowered the U.S. unemployment rate to 8.9 percent, says Robert Scott, the institute's senior international economist.  "There's a huge difference between what is good for American companies versus what is good for the American economy," says Scott.

American jobs have been moving overseas for more than two decades. In recent years, though, those jobs have become more sophisticated — think semiconductors and software, not toys and clothes.  And now many of the products being made overseas aren't coming back to the United States. Demand has grown dramatically this year in emerging markets like India, China and Brazil.  Coca-Cola CEO Muhtar Kent often points out that a billion consumers will enter the middle class during the coming decade, mostly in Africa, China and India. He is aggressively targeting those markets. Of Coke's 93,000 global employees, less than 13 percent were in the U.S. in 2009, down from 19 percent five years ago. (see my interview with Kent here). 

We're anticipating the usual 400,000 jobs lost for the week at 8:30 this morning and I sure didn't see too many "Help Wanted" signs at the malls this year, or anywhere else now that I think about it.  We also have the Chicago PMI at 9:45, Pending Home Sales at 10:00, Natural Gas Inventories at 10:30 followed by both Oil Inventories at 11 along with the Kansas City Fed's Manufacturing Index.  Later today (3pm) we get the very inflationary USDA Agriculture Prices where we can short FCOJ like this as the panic that drove prices up this week seems a bit overdone.  

Of course, I've been saying the entire commodity rally is overdone as I don't see how firing 1.4M Americans who made $35,000 and replacing them with 1.4M Chinese workers who make $2,500 means the price of oil should go up.  Only the fact that the US Government is going deeper and deeper into debt to help those 1.4M laid off Americans buy their next tank of gas is keeping demand level – without that support, buses would be…
continue reading


Tags: , , , , , , , , , , , ,




Thank G20 It’s Friday – Yet Another Global Cluster F*ck

Why should we be surprised?

The last G20 meeting ended in chaos, the same nonsense that triggered a flight into commodities in Q3 as Global investors lost faith in ALL of the World leaders to be able to solve ANY of the many problems that face the Global Economy.  Why should this time be different as the current conference broke up with NOTHING accomplished other than to promise to get right on these issues at next year's meeting.  REALLY?  Do we look like a planet that has another 6 months to wait for you to do something???  

The delay by the Group of 20 industrial and developing powers in defining the external imbalances they had vowed to address represents a blurring of what at first had appeared to be clear goals designed to counter the growing threat of trade and currency wars, in which countries seek competitive advantage by weakening their currencies.  The U.S. and G-20 host South Korea ran into strong opposition from such exporting powers as China and Germany to a proposal to quantify limits on current-account surpluses and deficits.  Without cooperation, the IMF warns, not only will the G-20 fail to achieve a much-needed boost to growth, but it could tip the scales on the European sovereign-debt crisis and fuel capital flows into emerging countries that overheats their economies.      

China is already overheating, with a 4.4% inflation rate but that's much worse when you consider that Food Inflation was 10.1% in October from the previous year.  With average family incomes of less than $2,000 – food is pretty much all these poor people can afford!  The other thing people MUST buy in China (because they can do without furniture, manufactured clothing and power) is housing, and that rose 4.9% in the past year despite the BOC's aggressive tightening measures.  A lot of this is due to the Yuan's peg to the dollar as Bernanke's mad plan to devalue the Dollar is dropping China's currency as well and that's good for the manufacturers, who benefit from competitive export prices, but bad for their workers, who need to eat.

"Dollar issuance by the United States is out of control, leading to an inflation assault on China," the Chinese commerce minister said in comments reported on Tuesday.  Chen Deming, speaking at…
continue reading


Tags: , , , , , , , ,




Monday Market Movement – More Monetary Madness

Get ready for a crazy week!

We have data this week, we have the Fed and we have elections and yes, we have a worthless currency that’s worth less and less every day.  This morning, China’s PMI hit 54.7 for October, up from September’s 53.8 and indicating that China’s decision to raise rates had no impact on growth.   India found this thrilling and went up 1.4% (as of midnight) but the Nikkei flatlined because China’s gains are Japan’s losses at the moment as the Dollar failed to maintain an early pop to just 81.2 and fell back more than half a point in Asian trading.  

The yen’s moves have been "excessive" recently, a Japanese government official said Monday, but he declined to comment on whether Tokyo authorities intervened in the foreign exchange market earlier in the day to knock the currency lower. Exporters remained under selling pressure, with Canon off 0.6% and Toyota Motor down 1.1%. Honda Motor lost 3.4% despite reporting solid second-quarter earnings as the automaker cut its fiscal second-half net profit outlook.  Sony shares fell 2.2% as news that the electronics giant had returned a net profit in the July-September was offset by concerns over pressure on earnings at its television division.

"The soft U.S. dollar suggests that the market is still gearing up for a sizeable QE this week," said Greg Gibbs, currency strategist at RBS in Sydney. In Seoul, the market was modestly higher but investors were cautious ahead of the Fed meeting this week. Net selling by foreigners also tempered demand. "Some investors appear concerned that the Fed’s meeting this week may not take enough quantitative easing measures to satisfy market demands," said Lee Kyoung-min at Woori Investment & Securities in Seoul.

QE2, QE2 and more QE2 – this is the basis for the global rally.  How much QE2 will be enough to satisfy a global market that is now counting on AT LEAST $1Tn to be handed out by the Fed in 2011?  It’s not just QE2, of course, the Fed continues to hand out money to Wall Street on an almost daily basis through their Permanent Open Market Operations or "POMO" and that trade has become as reliable as our "3am Trade" on the Yen as we at PSW have now begun to follow the POMO schedule (as Goldman Sachs has been advising their own clients) to give…
continue reading


Tags: , , , , , , , , , ,




Thirty-Five Trillion Yen Tuesday

Go go BOJ!!! 

Acting under pressure from the Government to DO SOMETHING, the Bank of Japan announce a 35,000,000,000,000 Yen ($418Bn) monetary easing program this morning, finally taking that last step and cutting rates to ZERO.  That’s right, the BOJ will literally give you money for nothing (no word yet on whether the chicks will also be free). Ironically enough, though, the logic of giving out free money now is the same as it was in the early 80′s – the BOJ is well aware that:

"We got to install microwave ovens
Custom kitchen deliveries
We got to move these refrigerators
We got to move these colour T.V.’s
"  

Of course, even with an economy one quarter the size of the US ($4.1Tn), $418Bn doesn’t buy what it used to so the BOJ is coming up with ANOTHER 5 TRILLION YEN in a program to buy private and public assets – let the shopping spree begin!  You might think such incredibly reckless spending by the BOJ would devalue their currency somewhat BUT Noooooooooooo – the Yen ROSE back to 83.2 to the dollar (and we caught that move last night in Member Chat!) as currency traders realized that $500Bn of QE from the BOJ was only a drop in the bucket of the ocean of irresponsibility that is our own Federal Reserve.  

As I had said to Members last Wednesday (and we had lots of cool currency charts): "I am seeing A LOT of money lining up on the short side of the Dollar trade. I’m very concerned that BOJ will do something to squeeze the bears and THEN I think it’s a better entry."  Of course, currency manipulation was the theme of the week last week and you can get a quick review by downloading a FREE SAMPLE of our new Weekly Newsletter HERE.  

"The surprise invited some yen selling, but I don’t think the BOJ’s move will be enough to produce any sustained yen weakening," said Masanobu Ishikawa, general manager of spot foreign exchange trading at Tokyo Forex & Ueda Harlow.  Hirokata Kusaba, senior economist at Mizuho Research Institute echoed this view, saying "there will be no substantive effect from going from the already ultra-low 0.1% to this range.  The only effect on markets will be from the surprise
continue reading


Tags: , , , , , , , , , , , , , ,




TGIF – The Tale of the Asian Tiger

What a morning already! 

The Hang Seng rose 179 points in today’s trading and finished down 20 for the day – THAT’S how bad the open was!  The Nikkei finished an up and down 100-point swing up 34 points at 9,404 but dove into the close along with the dollar (our 3am trade), which now can be bought with just 83 Yen.  The Shanghai, on the other hand, was feeling hot, hot, hot and gained 1.7% just behind the BSE, which flew up 1.9% to take back the position of Global Leader.

Strong data boosted the Asian indexes overall with China’s PMI rising to 53.8 from 51.7 in August while India’s PMI pulled back slightly from 57.2 to 55.1 but that’s good as over 50 is expansion and 57.2 is running a little hot.  Korean exports rose 17.2% in September, also a little too hot as their CPI topped 3.6% but mainly driven by food prices, which seems temporary.  China’s upbeat PMI reading indicates that the negative impact of government measures to control the property market is probably waning, ING’s Mr. Condon said. This means China’s slowdown will probably be less abrupt than expected, especially in the fourth quarter.

The effect, he said, should be especially positive on North Asian economies closely tied to China’s demand, such as Korea and Taiwan. Fears of lower Chinese demand have had a particularly pronounced effect on Taiwan’s business outlook. The island’s September PMI ticked down to 49.0 from 49.2. "Sturdy domestic demand" should keep Taiwan’s economy on target to grow 7.3% this year, "provided employment conditions continue improving," said HSBC economist Donna Kwok.

[YUAN_1]On our side of the planet, the US markets, especially commodities, got a huge boost as China’s government gave a muted response to House legislation aimed at forcing the Yuan to be valued higher.  Aside from China knowing that they already own enough Senators to Filibuster any legislation aimed at protecting American jobs, the bill was watered down in that it PERMITS, but does not REQUIRE, the US to levy tariffs on goods produced by countries found to have undervalued currencies.

Sharp retaliation by China is unlikely in the short term, analysts said, since the bill hasn’t become law and wouldn’t immediately produce restrictions on Chinese goods even if it did.  In an apparent gesture to U.S. concerns, China has pushed the yuan up steadily in recent weeks; it…
continue reading


Tags: , , , , , , , , ,




 
 
 

Zero Hedge

The US Can't Afford To Let Shale Fail

Courtesy of ZeroHedge View original post here.

Authored by Robert Rapier via OilPrice.com,

It’s no secret that the growth of U.S. shale oil has been a thorn in the sides of both Saudi Arabia and Russia. They have seen their market shares erode as the shale boom made the U.S. the world’s largest producer of crude oil. But Saudi Arabia’s national oil company, Saudi Aramco, is a single entity that produces 13 percent of the world’s oil and controls 17 percent of the world’s proved reserves. That puts them in a very p...



more from Tyler

ValueWalk

Treasury Secretary Mnuchin on small business help plans

By Jacob Wolinsky. Originally published at ValueWalk.

CNBC transcript: Treasury Secretary Steven Mnuchin Speaks with CNBC’s “Squawk on the Street” today on small business help related to coronavirus

WHEN: Today, Wednesday, April 1, 2020

WHERE: CNBC’s “Squawk on the Street

Q4 2019 hedge fund letters, conferences and more

Full interview with Treasury Secretary Steven Mnuchin on small business help

JIM CRAMER: It’s our pleasure to bring in Steven Mnuchi...



more from ValueWalk

Phil's Favorites

Wall Street Had Cut 68,000 Jobs and Received Trillions in Emergency Loans Prior to COVID-19 Anywhere in the World

Courtesy of Pam Martens

Fed Chair Jerome Powell Appears on Today Show, March 26, 2020

On March 26 Federal Reserve Chairman Jerome Powell went on the Today show to deliver one message: “There is nothing fundamentally wrong with our economy.” Recently U.S. Treasury Secretary Steve Mnuchin has appeared on the White House lawn to tell reporters that this is nothing like the last financial crisis. Fed regional bank presidents have appeared on cable news asserting that the Wall Street banks have plenty of capital an...



more from Ilene

Kimble Charting Solutions

S&P Facing A Historical Kiss of Resistance?

Courtesy of Chris Kimble

Is the S&P starting out a new month and quarter at a very important price point? This chart would say YES!

This chart looks at the S&P 500 on a weekly basis over the past 12-years, reflecting that it has spent the majority of the past 9-years “inside of this rising channel and above its 200-week moving average!”

The weakness in March saw the S&P break below the bottom of the channel and its 200-week ma line for the first time in 9-years.

The small counter-trend rally last week has the S&...



more from Kimble C.S.

The Technical Traders

Weakness Appears To Be Setting For This Weeks Economic Data

Courtesy of Technical Traders

As the world reacts to the global economic slowdown because of the COVID-19 virus event and the massive stimulus programs and central bank efforts to support the global economy, investors still expect weakness in the US and foreign markets.  We believe this expected weakness will not subside until news of a proper resolution to this virus event is rooted in the minds of investors and global markets.

Hong Kong and China are currently concerned about experiencing a “third wave” of the COVID-19 virus within their society.  As the economies open back up to somewhat normal, people are very concerned that a renewed wave of new infections will suddenly appear and potenti...



more from Tech. Traders

Insider Scoop

Why NanoVibronix's Stock Is Trading Higher Today

Courtesy of Benzinga

NanoVibronix (NASDAQ: NAOV) shares are trading higher on Wednesday.

The company announced it has received reimbursement approval from the U.S. Centers for Medicare & Medicaid Services for its PainShield.

NanoVibronix focuses on the manufacturing and sale of noninvasive biological response-activating devices that target biofilm prevention, wound healing, and pain therapy. Its principal products include UroShield, an ultrasound-based product to prevent bacterial colonization and biofilm in urinary catheters, enhance antibiotic efficacy,...



http://www.insidercow.com/ more from Insider

Biotech/COVID-19

The new coronavirus emerged from the global wildlife trade - and may be devastating enough to end it

 

The new coronavirus emerged from the global wildlife trade – and may be devastating enough to end it

Government officers seize civets in a wildlife market in Guangzhou, China to prevent the spread of the SARS disease, Jan. 5, 2004. Dustin Shum/South China Morning Post via Getty Images

Courtesy of George Wittemyer, Colorado State University

COVID-19 is one of countless emerging infectious diseases that are zoonotic, meaning they originate in animals. ...



more from Biotech/COVID-19

Chart School

Big moving Averages and macro investment decisions

Courtesy of Read the Ticker

When price is falling every one wonders where demand will come in.


RTT black screen Tv videos study the simplest measure of price (simple moving average). What has happen before guides us now. 














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

more from Chart School

Members' Corner

10 ways to spot online misinformation

 

10 ways to spot online misinformation

When you share information online, do it responsibly. Sitthiphong/Getty Images

Courtesy of H. Colleen Sinclair, Mississippi State University

Propagandists are already working to sow disinformation and social discord in the run-up to the November elections.

Many of their efforts have focused on social media, where people’s limited attention spans push them to ...



more from Our Members

Digital Currencies

While coronavirus rages, bitcoin has made a leap towards the mainstream

 

While coronavirus rages, bitcoin has made a leap towards the mainstream

Get used to it. Anastasiia Bakai

Courtesy of Iwa Salami, University of East London

Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than US$10,000 (£8,206) in mid-February to briefly below US$4,000 on March 13. Despite recovering to the mid-US$6,000s at the time of writin...



more from Bitcoin

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.  

...

more from Promotions

Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



more from Lee

Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

more from M.T.M.





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...

Learn more About Phil >>


As Seen On:




About Ilene:

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