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Phil Davis on the Money Talk Show
Watch Phil Davis of Phil's Stock World on the Money Talk Show at Business News Network.
Part 1: Market Outlook: Cashy and Cautious
Phil discusses why low volume market rallies are unconvincing, the "be the house and not the gambler" approach to trading options, and his thoughts on an upcoming market correction.
Specific ideas for 2014.
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Another "Broken Clock" right up there with Larry Edelson, Peter Grandich, etc etc...
Davis is loudmouthed b.s. artist in love with his own voice, whose opinions of unrelated political issues remind me of that Munsch painting, "The Scream".
His blog is a political diatribe (masquerading as an Options strategy board) against all things not purely democratic party propaganda. He's a pimp for democrats. If he spent half the time he does attempting to crush the republican party, when they are doing a really good job all by themselves, he'd likely die of boredom.
When I see his face in that photo it looks like a terrific mug shot. He'll be dead before 65 with his weight and heart issues. I can't wait to see how he alibis it when the market does not tank. Be ready for some lame excuse about how he changes if the narrative does.
Please spare us those whose asses need kissed constantly.
Free money? IFyou did all his trade suggestions or even a tenth of them, you'd break even or lose. And when he admits he's wrong---which is about a 100th of the time that he actually is, it's like he's doing a favor for you. False humility in spades.
There was only one way to play this market since 2008: Stay long, Buy the fucking dip, and save a ton of money in commissions that his trades generate for the brokers. His in and out strategy, short term trades, generate a lot of excitement, a whirlwind going nowhere, but a buy on the dip and hold, would have produced far more money.
He did have a stock of the millennium that has rocketed from 5 to 20, I'll give him that, which has made a lot of money for those who paid attention to this outstanding choice and acted on it: TASR.
But overall, I wouldn't pay a nickel for his services.
Anyone who describes selling deep OTM options (puts in this case) "Free money"... lacks credibility... I don;t care how well he has done riding the neo Bolshevik inspired equity rally.
Yea, I seem to recall another party who said they couldn’t lose selling tail risk insurance back in 2007.
AIG.