Market Recap Aug 24, 2016

Reminder: This will be the last week of nightly recaps as we move to a weekly (Sunday night) format, and roll out monthly reviews of other financial websites across the interwebs.

Indexes opened up with slight gains but that didn’t last too long as sellers came into the market very quickly. We might finally be starting to see “some” volatility return to this very calm market, and a day when…

Read the full article at StockTradingToGo.com


Stock Trading To Go

When I heard the learn’d trader


 

 
When I heard the learn’d trader,

When the proofs, the figures, were ranged in columns before me,
When I was shown the charts and diagrams, to buy, sell, and short them,
When I sitting heard the trader where he lectured with much applause in the lecture-room,
How soon unaccountable I became tired and sick,
Till rising and gliding out I wander’d off by myself,
Sat down at my trading station, and from time to time,
Look’d up in perfect silence at the markets.

*adapted from When I Heard the Learn’d Astronomer, Walt Whitman
**no relevant positions Read more […]
SMB Capital – Trading Education

An Arab-Islamic perspective on Clinton vs. Trump

My recent Baltic Sea cruise included passengers from more than 50 countries. I was called over to a gathering of young Arabs, mostly Saudis and Kuwaitis, for my perspective on the upcoming U.S. Presidential election. Some of these folks I had met on various shore excursions and we’d talked about their time in the U.S. (generally at least four years of college). On the question of politics I gave my standard answer that I wasn’t following the candidates because my vote, as a citizen of Massachusetts, is not relevant. The consensus of the Saudi/Kuwaiti group was that Trump was bad because he might make it tougher for them to come to the U.S. and they perceived him as “anti-Muslim”. They liked Hillary even less, however, and asserted that, like most establishment politicians, she was controlled by the Rothschild family, whom they believed to be worth $ 350 billion (i.e., more than Warren Buffett, Bill Gates, and Carlos Slim combined; Forbes, on the other hand, suggests that the family is worth in the single-digit billions; why would Rothschild family members break a sweat operating vineyards and selling wine if they are in fact worth $ 350 billion? You don’t see Carlos Slim-brand vino.).

Philip Greenspun’s Weblog

SMBU’s Options Tribe Webinar: Paul Forchione of Optionvue Systems, International: The Strangle Swap Options Strategy

Option Strategist Paul Forchione of Optionvue Systems, International will show how he uses OptionVue software to structure and analyze Strangle Swap strategies to earn positive theta while minimizing exposure to implied volatility. Read more […]
SMB Capital – Trading Education

Medical School 2020, Year 1, Week 1

From our anonymous insider…

Anatomy begins at 7:00 am sharp. With the outside temperature well over 90 degrees Fahrenheit, we immediately know we are entering a different kind of learning experience kept at a chilling 55 degrees! Most of my classmates seem excited for a break from the 4-times a week, 2-3 hour morning lectures on cellular and molecular biology. Not only can these lectures be somewhat tedious, especially for the abundant biology majors, but everyone seems eager for something different from the traditional undergraduate lecture format. The class piles into the classroom and begins on time — surgeons are punctual.

The trauma surgeon instructor briefly goes over dissection tool technique and we begin the exam of our “first patient”. Our first dissection focuses on understanding the role of the “superficial back muscles” on shoulder support and joint motion. The scapulae, or shoulder blade, is an alien wing-like bone almost completely detached from the central skeletal system. Unlike most bones, the scapulae is supported primarily by numerous muscle-tendon insertions with just a single bone-bone “pivot” at the lateral edge of the clavicle, or collarbone. The fine-tuned muscle contractions slide the scapulae along the back for precise positioning of the shoulder joint.

As I look around at my new classmates, scalpels in hand, most sluggish from a night of getting to know each other over booze and late-night burgers, you see a few patterns. Aspiring physicians include an abundance of type A personalities, which means that many clamor to be the primary dissector. However, once the dissection begins you can quickly see the few who are captivated by anatomical exploration through slicing and dicing. I would bet that those few pursue the cult of surgery, addicted to the “cut” as one of my surgical physician mentors put it.

Class ends at 12:30 pm and I grab lunch with my classmate who is a young father. It turns out that his wife is also starting a graduate program meaning their budding family is entirely supported by student loans. They’re expecting a second child soon. He jokes that he’ll just use all his vomit-stained clothes for anatomy lab.

Class begins every weekday either at 7:00 or 8:00 am. Two days per week, classes, workshops, patient interviews, and other activities end before 1:00 pm. On the other three days activities conclude around 4:00 pm. We have anatomy lab once per week. The rest of the week is centered on lectures about cell and molecular biology, including signalling pathways, molecular structure-function pairings and cell microenvironment. Much of the material is familiar from my undergraduate biomedical engineering studies. However, after a year in the working world, I am surprised by how much I have forgotten. I spent a total of 6 hours doing homework this week. Dinners were off-campus with classmates. A typical weekend activity is a pick-up soccer game, getting drinks downtown, or a class hike.

The Whole Book: http://tinyurl.com/MedicalSchool2020

Philip Greenspun’s Weblog