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Wednesday, May 15, 2019

Trading Definition of Important Terms

On this page you will find the trading definition of key terms made simple. There are no long-winded technical explanations- this is Stock Options Made Easy!
I have explained the terms as I perceive them, and as I apply them to my daily trading practice. This works extremely well for me and it can work for you too.


Stocks and Shares
stock is the collective term for all the shares in one entity.
share simply means owning a part of a business (corporation or company).
Therefore, you own shares in a specific stock.
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Options
When you buy an option, you are placing a bid on whether a share price will increase (this is called a call option), or decrease (a put option).
A lower amount of money is required to buy into options than shares, but the risk can be higher. A higher risk does bring an increased chance of a bigger profit though, so don't be afraid to take some calculated chances.
Options do offer a much higher potential return in a shorter time than most stocks.
Buying an option entails buying 'lots' of 100. This means that if the price of an option is $1.00, it will cost you $100.00 to buy in.
Options expire on the 3rd Friday of each month. This means that you generally have to sell your options before the expiry date, or risk losing your investment.
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Call Option
When you predict a share will increase in value, the option you would buy is called a call option. See the diagram below.
The Profit of a Call Option.

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Put Option

put option can be purchased when research indicates that a share will decrease in value. See chart below.
The Profit of a Put Option.

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Day-Trading

This is the type of trading where you buy and then sell shares and/or options in the same day.
The requirement for day-trading is that your account balance is maintained at a minimum of USD25 000. You must maintain this balance in the account in order to keep trading.
If you are day-trading, the trading definition is that you are a 'day-trader.'
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Range-bound Markets
A trading strategy that identifies stocks trading in channels. By finding major support and resistance levels with technical analysis,  a range-bound trader(or a trend trader) buys stocks at the lower level of support (bottom of the channel) and sells them near resistance (top of the channel).
See Strategies for a Range-bound Market! for further in-depth information. 
range-bound-support-resistance


Trading range-bound stock can be great short term money making opportunity by shorting and going long within the range.

The range-bound trader may repeat the process of buying at support and selling at resistance many times until the stock breaks out of the channel. The upper boundary of the channel is shown by a trendline that connects the points representing a stock's highs over a given time period. The lower boundary of the channel is identified by connecting the points representing a stock's lows.
The downside of this strategy is that when a stock breaks out of the channel, it usually experiences a large price movement in the direction of the breakout. If the breakout direction is not favorable for the trader's position, he or she could lose badly. 
range-bound-SPX
Range trading is a non-directional strategy which is based on the underlying assumption that 80% of the time, price action does not trend, but rather channels. Range trading offers several advantages including simplicity, and defined risk reward parameters. 
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Backwardation
Backwardation is a theory developed in respect to the price of a futures contract and the contract's time to expire.
Backwardation says that as the contract approaches expiration, the futures contract will trade at a higher price compared to when the contract was further away from expiration. This is said to occur due to the convenience yield being higher than the prevailing risk free rate.
How this Works
When backwardation does occur in a futures market it has been suggested that an individual in the short position would benefit the most by delivering as late as possible.
Backwardation in futures contracts was called "normal backwardation" by economist John Maynard Keynes. This is because he believed that a price movement like the one suggested by backwardation was not random but consistent with the prevailing market conditions.
Backwardation is the opposite of contango. 
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Contango
Contango refers to the market condition wherein the price of a forward or futures contract is trading above the expected spot price at contract maturity. The resulting futures or forward curve would typically be upward sloping (i.e. "normal"), since contracts for further dates would typically trade at even higher prices.
contango-backwardation


The graph depicts how the price of a single forward contract will behave through time in relation to the expected future price at any point time. A contract in contango will decrease in value until it equals the spot price of the underlying at maturity. Note that this graph does not show the forward curve (which plots against maturities on the horizontal).

An Example of Contango
Suppose we enter into a Dec 2011 futures contract, today, for $100. Now go forward one month. The same Dec 2011 future contract could still be $100. But it might also have increased to $110 (this implies normal backwardation) or it might have decreased to $90 (implies contango). The definitions are as follows:

• Contango is when the futures price is above the expected future spot price. Because the futures price must converge on the expected future spot price, contango implies that futures prices are falling over time as new information brings them into line with the expected future spot price.
• Normal backwardation is when the futures price is below the expected future spot price. This is desirable for speculators who are "net long" in their positions: they want the futures price to increase. So, normal backwardation is when the futures prices are increasing.
Consider a futures contract that we purchase today, due in exactly one year. Assume the expected future spot price is $60 (see the blue flat line in Figure 2 below). If today's cost for the one-year futures contract is $90 (the red line), the futures price is above the expected future spot price. This is a contango scenario. Unless the expected future spot price changes, the contract price must drop. If we go forward in time one month, note that we will be referring to an 11-month contract; in six months, it will be a six-month contract. 
contango


Conclusion

Clearly, it is more precise to say that in contango, futures prices for a given maturity date are falling. In normal backwardation, futures are rising. This is not exactly the same as the shape of the futures curve because futures prices are constantly adjusting to consensus expectations about the expected future spot price. 
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Bearish Cross
A bearish cross is a trend indicated by a large candlestick followed by a much smaller candlestick where the body is located within the vertical range of the larger candle's body. Such a pattern is an indication that the previous upward trend is coming to an end.
A bearish cross may be formed from a combination of a large white or black candlestick and a smaller white or black candlestick. The smaller the second candlestick the more likely the reversal of the direction is to occur. It is thought to be a strong sign that a trend is ending when a large white candle stick is followed by a small black candlestick. 
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The Wilshire 5000 Total Market Index
The Wilshire 5000 Total Market Index represents the broadest index for the U.S. equity market, measuring the performance of all U.S. equity securities with readily available price data.
The Wilshire 5000 Total Market Index (NASDAQ: W5000), or more simply the Wilshire 5000, is a market-capitalization-weighted index of the market value of all stocks actively traded in the United States. Currently, the index contains over 4,100 components. The index is intended to measure the performance of most publicly traded companies headquartered in the United States, with readily available price data, (Bulletin Board/penny stocks and stocks of extremely small companies are excluded). Hence, the index includes a majority of the common stocks and REITs traded primarily through New York Stock Exchange, NASDAQ, or the American Stock Exchange. Limited Partnerships and ADRs are not included. It can be tracked by following the ticker W5000. 
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Long-Term Equity Anticipation Securities - LEAPS
Long-Term Equity Anticipation Securities, better known as LEAPS, are publicly traded options contracts with expiration dates that are longer than one year. Actually, they are long term options with expiration of up to 39 months that expires every January of the year.
Structurally, LEAPS are no different than short-term options, but the later expiration dates offer the opportunity for long-term investors to gain exposure to prolonged price changes without needing to use a combination of shorter-term option contracts.
The premiums for LEAPs are higher than for standard options in the same stock because the increased expiration date gives the underlying asset more time to make a substantial move and for the investor to make a healthy profit.
Using LEAPS
LEAPS are an excellent way for a longer-term trader to gain exposure to a prolonged trend in a given security without having to roll several short-term contracts together. The ability to buy a call/put option that expires one or two years in the future is very alluring because it gives the holder exposure to the long-term price movement without the need to invest the larger amount of capital that would be required to own the underlying asset outright.
These long-term options can be purchased not only for individual stocks, but also for equity indexes (such as the S&P 500). 
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Calendar Spread
An options or futures spread established by simultaneously entering a long and short position on the same underlying asset but with different delivery months.
Calendar Spread Option Strategy
When you are fairly neutral on the market and you want to generate additional income from your investments, this option strategy is worth consideration. This strategy involves selling an option with a nearby expiration, against the purchase of an option (with the same strike price) which has an expiration date that is further out.
A Calendar Spread is an option spread where the strike prices are the same, but they have different expiration dates. These spreads are also referred to as horizontal spreads or time spreads.
Calendar spreads can provide a way to add value to your portfolio through your purchase of a long term option with a reduced cost basis, provided by a near term option that you sold.
An Example of a Calendar Spread
An example of a calendar spread would be going long on a crude oil futures contract with delivery next month and going short on a crude oil futures contract whose delivery is in six months. 
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Credit Spread
"Credit spread" is an options strategy where a high premium option is sold and a low premium option is bought on the same underlying security.
A More In-depth Explanation
They are called such because when they are created, they put a "credit" into your trading account, as opposed to a "debit" which normally occurs when you are paying for a stock or its derivative. If, by the time the options in the credit spread expire, the share price hasn't breached a certain level; you get to keep the "credited" funds.
The reason it creates a credit and not a debit, is because you're SELLING an option at a strike price which is closer to the current share price, but so as not to leave yourself exposed, you limit your risk by BUYING the same number of option contracts at a strike price further away, both having the same expiry date. The "sold" option, being closer to "the money" (share price), is more valuable than the "bought" option and so you receive a credit.
The trick here is to open the spread with a short time to expiry, thus taking advantage of the "time decay" factor in options. Options have a time decay which falls away exponentially the closer the expiry date approaches, so creating a credit spread with a maximum 4-6 weeks to expiry is where we want to be. Sometimes you can even enter with under 2 weeks to expiry and keep your credit much quicker, but you need to be more certain about the short term direction the share will move to do this, because your time frame is shorter.
A "credit spread" can also be called a "credit spread option" or "credit risk option".
Example
An example would be buying a Jan 50 call on ABC for $2, and writing a Jan 45 call on ABC for $5. The net amount received (credit) is $3. The investor will profit if the spread narrows. 
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Credit Suisse
Credit Suisse is one of Switzerland's top financial services groups, though a distant second to behemoth rival firm UBS.
The group provides investment management, private banking, and asset management services to clients around the world. Investment banking offerings include debt and equity underwriting, M&A advisory, and other securities services.
The group provides wealth management services in Switzerland through subsidiary Clariden Leu; internationally, it operates under the Credit Suisse brand.
Credit Suisse offers asset management services to individual, institutional, and government clients. The group has more than 250 retail branches in Switzerland and operates in more than 50 countries. 
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Real Time Streaming

This refers to continuous 'live' display of stock and options quotes.
Real Time Streaming shows all stock prices from the major American Stock Exchanges.
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Initiating Activity
When the market opens above (or below) the value area and does not get inside the value area.
Initiating Buying:
When the market opens and stays above the value area, this is a strong bullish signal. When this happens, you have dealer and institutional buying going on in the market. When the dealers and institutions are long, you don't want to put on a position opposite of what they are doing. The best chance to profit on a day like this will be from the long side. Buying breaks (dips in the market) to get long will be the best strategy. In fact, when the market has opened above and stays above the value area, you should be afraid of being short.
Initiating Selling:
When the market opens and stays below the value area, this is a strong bearish signal. When this happens, you have dealer and institutional selling going on in the market. When the dealers are short, you don't want to put on a position opposite of what they are doing. The best chance to profit on a day like this will be from the short side. Selling rallies to get short will be the best strategy. In fact, when the market has opened below and stays below the value area, you should be afraid of being long.
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Responsive Activity

The opposite of initiating activity. When the market is above (or below) the value area and does get into the value area.
Responsive Buying:
When the market opens below the value area and buying starts coming into the market (in other words, the market starts moving higher when it is below the value area.) Buyers are "responding" to the market being below the value area and they are attempting to buy the market cheap, thus pushing the market back towards the value area. When we get responsive buying in the market, there is a good chance we will see the 80% rule come into play.
Responsive Selling: When the market opens above the value area and selling starts coming into the market (in other words, the market starts moving lower when it is above the value area.) Sellers are "responding" to the market being above the value area and they are attempting to sell the market at higher prices than yesterday. When we get responsive selling in the market, there is a good chance that we will see the 80% rule come into play.
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Averaging Down
Averaging down refers to when an investor buys additional shares of an asset at a lower price than what they originally paid. This is done to lower the overall "average price" of their position.
Here's an example: 
averaging down
Joe Smith buys 1,000 shares of Microsoft at $25.00 per share. He believes in the direction of the company and has a great deal of confidence in management.
The market's plunge, and Microsoft trades down to $20.00 per share. Joe Smith believes that the fundamentals in Microsoft have not changed, so he decides to buy another 1,000 shares of the company at $20 per share.
Joe Smith has "averaged down" on his Microsoft position - he now owns 2,000 shares of the company at an average of $22.50 per share, instead of 1,000 shares at an average of $25 per share. Joe will now break even at $22.50 per share, but he owns double the shares.
Take Note: Always have plans in place if you are planning on averaging down.
Sometimes this is a good strategy, other times it's better to sell off a beaten down stock rather than buying more shares.
Many people will average down in a stock because they are just too stubborn to take a loss - this is a sure recipe for disaster.
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Pyramiding 
Jesse Livermore
Pyramiding is an old trading strategy where a speculator adds to their position size by using margin from unrealized gains. This trading strategy is based solely on the power of using leverage and was made popular by one of the greatest traders of all-time, Jesse Livermore.
In other words, an investor who is pyramiding uses excess margin from the increasing price of a security in his or her portfolio to purchase more of the same security. This is generally a slow method of increasing one's position size as the margin increases will permit successively smaller purchases.
Example of a Pyramiding Strategy
A pyramiding strategy is considered a risky investment approach, but with proper money management can produce stellar results.
When the market took a nose dive, with little or no retracements, if a trader was short, this kind of market environment would have been a prime candidate for a number or pyramiding strategies.
In the chart below, Citigroup took a beating from a swing high of $49 in early October to a low of $3 in November. In a pyramiding strategy a trader will want to add to their positions on each bounce.
So, in the example below, when the stock fell from $49 and then had a short rally up to $35, this would represent a 29% drop, which on margin would be a 58% gain on your cash. This additional 29% of paper profits would then be used to add to the short position at $35 for the ride down.
This process of adding to the short position would have continued all the way down to $3. Which would have produced much greater returns than simply shorting the stock at $45 and riding it down to $3. 
pyramiding strategy

Pyramiding Strategy

Problems Associated with Pyramiding

Pyramiding will only work properly in a trending market. This is because if you are trading in a choppy market, the short-term corrections will naturally float towards previous swing points, thus eating into your original gains. So, remember to only consider such a trading strategy when both the markets and stocks are trending heavily in one direction.
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Channel
The technical range between support and resistance levels that a stock price has traded in for a specific period of time. Channel traders capitalize on the tendencies of markets to trend. 
channel1


Channel Characteristics

In the context of technical analysis, a channel is defined as the area between two parallel trendlines and is often taken as a measure of a trading range. The upper trendline connects price peaks (highs) or closes, and the lower trendline connects lows or closes. An example of a channel is shown below. Breakout points in channels indicate bullish (on upward trends) or bearish (on downward trends) signals. 
channel2

Note:


1. Channels are useful for short-to medium-term trading - not long-term trading or investing. The technique often works best on stocks with a medium amount of volatility. Remember, the volatility determines your profit per trade. Channeling also tends to work best when the technique is combined with other forms of technical analysis, at which we take a closer look below.
2. A breakout of a technical channel is seen as a bullish (on an upward breakout) or bearish signal (on a downward breakout).
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STOXX
Stoxx is a series of market indexes that are representative of the European and global markets. These indexes cover a wide range of market segments including the broad market, blue chips, individual sectors and global indexes. While there are global STOXX indexes, the majority of the focus is placed on the European market.
The STOXX indexes were created out of a venture between Dow Jones, Deutsche Boerse AG, and the SWX group. These indexes are tradable on the futures and options market and are also used as benchmarks for funds that trade in the European and global markets. The Dow Jones Industrial Average in the U.S. is similar to the Dow Jones STOXX 50 Index.
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Dow Jones EURO STOXX 50 Index
This is a market capitalization-weighted stock index of 50 large, blue-chip European companies operating within eurozone nations. The universe for selection is found within the 18 Dow Jones EURO STOXX Supersector indexes, from which members are ranked by size and placed on a selection list.
The largest 40 stocks on the selection list are automatically chosen for the EURO STOXX 50. Any grandfathered index components receive next priority, then stocks ranked between 41 and 60 are chosen to reach the final number of 50 stocks in the index. The index is reconstituted annually and the weightings updated once per quarter to account for changes in market caps.
The EURO STOXX 50 closely resembles the Dow Jones STOXX 50 in methodology and construction, with the exception that only companies who have fully transitioned to the euro currency can be members of the EURO STOXX 50. As such, U.K.-based companies are excluded even though many large multinationals trade on the London Stock Exchange.
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The Dow Jones STOXX 50 Index

A stock index representing 50 of the largest companies in Europe based on market capitalization. The stock universe used for selection is an aggregate of the 18 Dow Jones STOXX 600 Supersector indexes, which together capture about 95% of the capitalization of the major stock exchanges in 18 European countries. Each sub-index places its largest members placed on a selection list, which is then ranked by market cap to choose the STOXX 50 members.
The index, first reported in 1998, is reconstituted annually, and weightings are adjusted quarterly to account for proportional changes in underlying company market caps.
The Dow Jones STOXX 50 index closely resembles the Dow Jones EURO STOXX 50 in methodology and construction, with the exception that it does not limit company selection to companies that have fully transitioned to the euro currency.
The index limits the weighting of any one member to 10%, but no sector limitations are applied to the index's construction. As such, banking companies dominate the STOXX 50. The index is meant to capture blue-chip companies in the region, so the average market cap is large.
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MSCI All-Country World Index
A market capitalization weighted index designed to provide a broad measure of equity-market performance throughout the world. The MSCI ACWI is maintained by Morgan Stanley Capital International, and is comprised of stocks from both developed and emerging markets.
As of January 2009, this index contains stocks from 46 different countries. There are 23 countires classified as developed markets and 23 countries considered emerging markets. Typically the index is built first at the country level, and then the 46 indexes are aggregated into the MSCI All Country World Index. A similar index exists that contains the same countries with the exception of the U.S. - the MSCI ACWI Ex-U.S.
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International Monetary Fund - IMF
The IMF is the International Monetary Fund, headquartered in Washington, D.C. It's a global organization made up of 185 member countries, founded in 1944 with the purpose to oversee global financial health and provide assistance when needed to its members.
It is an international organization created for the purpose of:

1. Promoting global monetary and exchange stability.
2. Facilitating the expansion and balanced growth of international trade.
3. Assisting in the establishment of a multilateral system of payments for current transactions.
Today, the IMF states its goals are "to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustment."
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EURO STOXX 50 Volatility (VSTOXX)
The VSTOXX Indices are based on EURO STOXX 50 realtime options prices and are designed to reflect the market expectations of near-term up to long-term volatility by measuring the square root of the implied variance across all options of a given time to expiration.
The VSTOXX Indices are part of a consistent family of volatility indices: VSTOXX based on the EURO STOXX 50; VDAX-NEW based on the DAX; and VSMI based on the SMI.
It is not possible to invest directly into the VSTOXX index as this is a theoretically calculated index and is not tradable. There are however VSTOXX® futures which are tradable; these are traded on Eurex.
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Vstoxx Short-Term Futures Index

The VSTOXX Short Term Futures Index is an index that maintains a constant 1 month exposure to VSTOXX Futures. It does this by rolling positions in the first and second month futures each day to keep the exposure constant at 1 month.
The VSTOXX Short-Term Futures Index is calculated and published by STOXX Ltd., however Barclays Capital has exclusive access to the index for 12 months from its creation.
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Glocalisation (or glocalization)
Glocalisation is a portmanteau word of globalization and localization.
By definition, the term "glocal" refers to the individual, group, division, unit, organisation, and community which is willing and able to "think globally and act locally." The term has been used to show the human capacity to bridge scales (local and global) and to help overcome meso-scale, bounded, "little-box" thinking. 'Glocals' is a term often used to describe a new social class: expat managers who travel often and switch homes often, and are therefore both global and local.
The term glocalization originated from within Japanese business practices. It comes from the Japanese word dochakuka, which simply means global localization. Originally referring to a way of adapting farming techniques to local conditions, dochakuka evolved into a marketing strategy when Japanese businessmen adopted it in the 1980s.
It was also used in the Global Change Exhibition (opened May 30, 1990) in the German Chancellery in Bonn by Manfred Lange, the director of the touring exhibit development team at that time. He described the interplay of local-regional-global interactions as "glocal", showing the depth of the space presented and drawn.
The term was popularized in the English-speaking world by the British sociologist Roland Robertson in the 1990s, the Canadian sociologists Keith Hampton and Barry Wellman in the late 1990s, and Zygmunt Bauman. Hampton and Wellman have frequently used the term to refer to people who are actively involved in both local and wider-ranging activities of friendship, kinship and commerce.
Thomas L. Friedman, in "The World is Flat", talks about how the Internet encourages glocalisation, such as encouraging people to make websites in their native languages.
"Glocal" also pops up as a plot motivator in the 2010 film, "Up in the Air" when the career-ending counselors switch from in-person to videoconferencing terminations.
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Sector Rotation
Sector Rotation is the action of a mutual fund or portfolio manager shifting investment assets from one sector of the economy to another.
Not all sectors of the economy perform well at the same time. Sector rotation is a portfolio manager's attempt to profit through timing a particular economic cycle.
Certain sectors of business profit more in certain stages of an economic cycle. This simple arrangement of stages provides a useful road map to traders of most stripes.
Sector rotation, being an investment strategy involving the movement of money from one industry sector to another in an attempt to beat the market, evolved as a theory from the National Bureau of Economic Research (NBER) data on economic cycles dating back to 1854. It's thanks to this cadre of government and academic economists that we know the start, end and duration of each business cycle.
NBER are the ones that announce that a recession has officially ended. The data may be slow to develop, and a bit dry, but a little digging can provide insight that investors can use to make decisions. It's important to remember that past performance in the stock market does not always mean future success, and a particular sector may, or may not, be in favor at any time. That said, let's look at the data that can help investors decide what they should be invested in during any given market cycle.

The Dow Jones Industrial Average Index

Introduction

The Dow Jones Industrial Average Index is an important US stock market index, as well as being one of the oldest. It was first published in 1896 by Charles Dow, and it is often referred to as the Dow Jones, the Dow 30, or just the Dow. The original purpose of the Dow was to measure the stock market performance of the industrial sector of the American economy, based on an average of the trading results of selected major US companies. The index initially comprised 12 industrial companies, but now includes 30 major companies; hence the name Dow 30. 


Although the Dow retains its original name, many of the companies listed on the index do not have any relationship to traditional industry. The companies represented on the Dow Jones Industrial Average Index are from diverse areas including banking and financial services, health care, and entertainment, as well as more typically industrial fields such as manufacturing, mining, or oil and gas. 

How Important Is the Dow Jones Industrial Average Index?

There is little question that the Dow Jones Industrial Average Index is the most widely watched stock market index in the world. It is considered to be practically synonymous with market performance to the degree that a comment on the markets being 'up' or 'down' often relates in fact, to whether the Dow is up or down. 

Due to the high frequency of trading experienced by the stocks represented on the Dow, throughout any trading session, the index can offer an up-to-the-minute portrayal of the general movement of the market. This ability to reliably and promptly indicate the basic market trend is one of the main reasons that the Dow Jones Industrial Average Index has remained such an important stock market index. 

There are, of course, critics of the Dow who claim that such a small number of companies cannot provide a precise portrayal of overall market performance. Another point of contention is that the Dow is calculated as a price-weighted average, which means that higher-priced stocks have more influence over the average than lower-priced stocks, a fact that arguably offers a skewed perspective of the performance of stocks on the index. Often detractors of the Dow suggest that a market-value-weighted index such as the S&P 500 can offer a more accurate indication of market conditions. 

Highs and Lows of the Dow Jones Industrial Average Index

The level for the Dow in its early years moved between the 60s and 70s before hitting its first dramatic low of 28.48 in 1896. Between 1900 and 1920, the trading range for the Dow was between 53 and 107.23 points, with the highest level being reached at the end of 1919. 

In 1928, the number of companies listed on the Dow was increased to 30, and on September 3, 1929 the average reached a new high of 381.17 points. This high was closely followed in October by the Crash of 1929, and the several years following brought the Great Depression. These events led to the Dow closing at a new low of 41.22 on July 8, 1932. The Dow ended the 1930s at around 150 points, which was roughly 40% lower than the level at which it started the same decade. 

The 1940s saw the Dow increasing again to just over 200 points, and in the 1950s even greater increase took it to over 600. In the 1960s, the Dow climbed further to the 800 point level. In the 1970s, the Dow experienced a great deal of fluctuation, and reached a high of over 1000 several times, as well as a low of 577.60 in December 1974. Despite all this volatility, the 1970s ended with the Dow at virtually the same level it started the decade – a little over 800 points. 

The 1980s included some fairly substantial decreases in the Dow, but overall, marked the biggest ever increase in the average, ending the decade at over 2700 points. On March 29, 1999, the Dow closed above 10 000 points, and just over a month later it exceeded 11 000 points. 

Between 2000 and the end of 2009, the Dow experienced some significant drops, as well as reaching a new high of over 14 000 in July 2007. The Dow finished the decade under 11 000 points, a drop of around 9% from the beginning of the decade. From the beginning of 2010 and the end of 2014, the Dow Jones Industrial Average Index experienced an increase of 71%, closing 2014 at 17,823.07 points. 

In Conclusion

Although there are some people who believe that the Dow Jones Industrial Average Index does not provide an accurate representation of the general stock market performance, there is no doubt that it is a very important and well-recognized index that provides insight into the market's basic trend, and is closely observed and widely-quoted around the world.  

Latest World News, World News, Current Affairs, Daily Current Affairs

Latest World News, World News, Current Affairs, Daily Current Affairs


Tweets For Today

Posted: 14 May 2019 10:30 PM PDT











The U.S. Navy Has Begun Work On A New Generation Of Attack Submarines

Posted: 14 May 2019 10:00 PM PDT

The nation's newest and most advanced nuclear-powered attack submarine and the lead ship of its class, PCU Virginia (SSN 774) returns to the General Dynamics Electric Boat shipyard following the successful completion of its first voyage in open seas called "alpha" sea trials. July 30, 2004 (Wikipedia)

Warrior Maven: Navy Starts Work on "Breakthrough" New Attack Submarine for 2030s

The Navy has begun work on a new generation of attack submarines with never-before-seen weapons, quieting technology

The Navy has begun work on a new generation of attack submarines with never-before-seen weapons, quieting technology, undersea attack drones, sonar and communications networking… to emerge at some point over the next 10 years or more.

Will it be the stealthiest, most lethal attack submarine ever to exist? That ….is the Navy plan.

Plans for the new boats, referred to as a new fleet of Block VI Virginia Class-Attack Attack-class submarines, include launching long-range precision strikes, delivering Special Operations Forces on secret high-risk attack missions, conducting ISR missions, networking with platforms and -- perhaps of greatest significance - operating undetected in high-threat waters.

Read more ....

WNU Editor:  A good summary on what these new submarines will be capable of.

Picture Of The Day

Posted: 14 May 2019 09:30 PM PDT

An F/A-18E Super Hornet launches from the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln in the Red Sea. Dan Snow/U.S. Navy/via REUTERS

WNU Editor: The above picture came from this photo-gallery .... Editor's Choice Pictures (Reuters).

Does The U.S. Have A Russian Made S-300 Anti-Aircraft System In It's Possession?

Posted: 14 May 2019 09:00 PM PDT


RT: Satellite images of 'Russian S-300 in US' spark guessing game

Satellite photos that purport to show Soviet-made S-300PT air defense systems at a US military site have surfaced online, prompting various theories about how and why they ended up there.

The speculations began after an image of what appear to be two 5P85PT launchers on semi-trailers and a 30N6 fire control system were posted online by a military enthusiast. The installations are an integral part of the S-300PT surface-to-air missile systems.

Read more ....

Update #1: Satellite imagery shows Russian S-300 missile defense systems in the United States (Defense Blog)
Update #2: Blogger Reportedly Spots Russian S-300 SAM System at US Test Range (PHOTO) (Sputnik)

WNU Editor: Nothing is secret forever.

Is Russia's S-400 Anti-Missile System Really That Good?

Posted: 14 May 2019 08:00 PM PDT

An S-400 air defence missile system is deployed for a combat duty at the Hmeymim airbase to provide security of the Russian air group's flights in Syria. © Dmitriy Vinogradov / Sputnik

Michael Peck, National Interest: The U.S. Air Force Fears for Its F-15s and F-35s vs. Russia's S-400. But . . .

Moscow isn't so confident. Here's why.

The United States and other nations worry that Russia's sophisticated anti-aircraft missiles will deny the skies to Western aircraft.

Too bad some Russians aren't so confident.

A Russian military expert warns that air defense missile systems, like the vaunted S-300 and S-400, aren't all they're cracked up to be.

The problem is that NATO can overwhelm Russia's air defenses, argues Anatolyevich Khramchikhin, deputy director of the Institute for Political and Military Analysis.

Read more ....

WNU Editor: Russians are not Supermen. And the S-400 platform can be defeated like platforms before it. And secrets are never kept secret for long .... US military has S-300 systems: Reports (Hurriyet Daily News).

China Is Not Interested In Nuclear Disarmament

Posted: 14 May 2019 07:21 PM PDT


Washington Free Beacon: China's Great Nuclear Wall

Essay: Beijing's opaque approach to arms control obscures the growing threat of its nuclear arsenal

When it comes to nuclear arms control, China is great at playing hard to get. Beijing is the elusive beauty, a difficult but attractive target for those who seek nuclear disarmament. Powerful yet mysterious, shrouding its nuclear program in a haze of opacity, the Chinese government never actually gives its pursuers what they want. And China knows that only makes them more interested. Indeed, Beijing leads on its suitors with seductive promises of reducing its arsenal of nuclear weapons, only to demand more in return from other states before taking any steps. And then the cycle begins anew, with no fewer nuclear weapons in China.

Read more ....

WNU Editor: China made it official yesterday .... China 'has no interest' in joining US-Russia nuclear deal (AP).

Weapon Jam Forces Ohio Air National Guard F-16 To Make An Emergency Landing

Posted: 14 May 2019 06:20 PM PDT

Gassed up with a biofuel, a U.S. Air Force F-16 Falcon from the 180th Fighter Wing ANG goes through prefight checks before taxing down the runway for take off on February 12, 2012 in Toledo, Ohio. (U.S. Air Force Photo by: MSgt Jeremy Lock)

Task & Purpose/Toledo Blade: Ohio Air National Guard F-16 makes emergency landing following weapon jam during training exercise

An F-16 fighter jet with the 180th Fighter Wing performed an emergency landing Tuesday morning at Toledo Express Airport after an onboard weapon jammed during training.

Staff Sgt. Shane Hughes, spokesman for the Ohio Air National Guard base at the airport, said F-16s were conducting routine training in Michigan when one experienced what's known as a "hung gun." He said a 20-millimeter cannon jammed, and standard procedure requires an emergency landing.

"They returned to base to have that checked out," Sergeant Hughes said.

Kayla Lewandowski, a Toledo-Lucas County Port Authority spokesman, said the landing occurred at 11 a.m.

"The aircraft landed safely and without incident, and taxied to the Air National Guard base under its own power," she said.

Read more ....

WNU Editor: Best to be safe than sorry.

More Details Emerge On What U.S. Military Options Are Being Considered Against Iran

Posted: 14 May 2019 05:45 PM PDT



Newsweek: Trump Administration Prepares Multiple Military Options for Iran, Including Airstrikes and Setting Up Ground Invasion

When President Trump's top national security advisers met for a classified meeting at the Pentagon last Thursday, Acting Defense Secretary Patrick Shanahan laid out several U.S. military options for Iran, separated into two distinct categories: retaliatory and offensive.

The revised Iran options ordered by John Bolton, President Trump's national security adviser, have different degrees and redlines for escalation, ranging from airstrikes to targeted incursions, Pentagon officials told Newsweek.

Defense Department officials who have been briefed on the details of the updated military plans for Iran agreed to speak with Newsweek on condition of anonymity. Pentagon officials confirmed a report published in The New York Times on Monday outlining an option to deploy as many as 120,000 U.S. troops to the Middle East if Iran initiates an attack on U.S. forces or continues to work on what the U.S. has alleged were secret nuclear proliferation objectives.

Read more ....

WNU editor: Preparing a wide range of military options is nothing new. As to reports that the U.S. wants to start a war against Iran, I doubt it. Especially since the military assets that would be necessary are not even remotely there. So why the Newsweek story? To me .... this story is a deliberate leak to put pressure on Iran.

Commentaries, Analysis, And Editorials -- May 14, 2019

Posted: 14 May 2019 05:22 PM PDT



Martin Chulov, The Guardian: Iran-US tensions are reaching new heights – and neither is likely to blink

Long-term standoff threatens to turn into crisis after alleged sabotage of two Saudi tankers

A festering four-year war, crippling sanctions, threats to maritime oil trade and a US naval battlegroup steaming for the Persian Gulf. Such developments were troubling enough, before two Saudi tankers were reportedly sabotaged off the UAE coast on Sunday – a development set to ratchet tensions between Tehran and Washington to new and combustible highs.

With Riyadh claiming significant hull damage to its ships and the UAE claiming the damage was done inside its territorial waters, what last week was a looming standoff is now a real-time crisis with potent implications for both global energy security and regional stability.

Read more ....

Commentaries, Analysis, And Editorials -- May 14, 2019

How Iran is mishandling the fallout of the US sanction -- Nikolay Kozhanov, Al Jazeera

Is Trump Yet Another U.S. President Provoking a War? -- Robin Wright, New Yorker

Analysis: Persian Gulf tensions, unclear threats raise risks -- Jon Gambrell, AP

Oil Seems Remarkably Relaxed as Global Tensions Rise -- Liam Denning, Bloomberg

Will China play a role in lessening US pressure on Iran? -- Mohsen Shariatinia, Al-Monitor

Tariffs: Donald Trump's trust in trade war tactic is big electoral gamble -- David Smith, The Guardian

Donald Trump's trade war and souring relations with North Korea hamper China's efforts to reach out to its neighbours -- Catherine Wong &
Lee Jeong-ho, SCMP

Trump has been right about China for decades while the entire establishment got it wrong -- Steve Hilton, FOX News

Cambodia's Hun Sen launches risky military maneuvers -- David Hutt, Asia Times

How Far Will Erdogan and the AKP Go to Hold Onto Power in Turkey? -- David O'Byrne, WPR

Erdogan Just Committed Political Suicide -- Henri Barkey, Foreign Policy

Cameroon's Separatist Movement Goes International -- Gareth Browne, Foreign Policy

What's Really Behind Greece's Demand for World War Two Reparations? -- Alexis Papazoglou, New Republic

Zelenskiy's First Big Test -- Basil Kalymon, Atlantic Council

In Venezuela, Geopolitics Obscure the True Prize: Oil -- Max Hess, Moscow Times

World News Briefs -- May 14, 2019 (Evening Edition)

Posted: 14 May 2019 04:28 PM PDT



AP: Global worries flare over whether US sliding toward Iran war

WASHINGTON (AP) — International worries that the Trump administration is sliding toward war with Iran flared into the open Tuesday amid skepticism about its claims that the Islamic Republic poses a growing threat to the U.S. and its allies in the Persian Gulf and beyond .

The U.S. military rebutted doubts expressed by a British general about such a threat. President Donald Trump denied a report that the administration has updated plans to send more than 100,000 troops to counter Iran if necessary. But Trump then stirred the controversy further by saying: "Would I do that? Absolutely."

Read more ....

MIDDLE EAST

U.S. and Iran do not want war, Iraqi PM says.

Trump denies U.S. plan to send 120,000 troops to counter Iran threat.

Trump says US not ramping up for military conflict with Iran.

U.S. believes Iran proxies may be behind tanker attacks, official says.

US issues new warning to Gulf sailors after UAE says ships were sabotaged.

Saudi Arabia says oil stations attacked by armed drones. Saudi shuts major oil pipeline after Huthi drone attacks.

US military probes oil tanker 'sabotage attacks' off UAE coast.

Military officer says no rise in Iran threat in Iraq, Syria.

Yemen rebels hand security of Hodeida ports to 'coastguard': UN.

Erdogan accuses Syria regime of undermining Turkey-Russia deal.

U.S. embassy in Israel: Americans should 'remain vigilant' for terror attacks.

Trump's election has boosted Israeli settlement construction.

ASIA

Vietnam leader Nguyen Phu Trong reappears in state media after illness.

China-Russia relations are unrivalled, Beijing warns before US' Mike Pompeo meets Vladimir Putin.

Sri Lanka orders nationwide curfew amid anti-Muslim riots. Muslim killed in Sri Lanka riots despite curfew.

Four Pakistani police officers killed in bomb attack.

UN mission urges financial isolation of Myanmar's military.

North Korea describes US impounding of vessel as 'robbery'.

North Korea's Red Cross visits China as drought hits crops.

Fresh IMF deal a 'political blow' to Pakistan PM Imran Khan.

7.5 magnitude quake rattles residents on Papua New Guinea island.

AFRICA

Macron wants to meet Libya's Haftar to push ceasefire: French foreign minister.

Gunmen kill four at Catholic parade in Burkina Faso: church.

Mali calls for more EU help amid attacks in Africa's Sahel.

Sudan transition to last three years: military council.

Sudanese protesters, army officer killed in overnight clashes. Sudan crisis: Clashes in Khartoum leave several dead.

South Sudan refugees flood into DR Congo.

Angola drought: Millions at risk of starvation.

S.Africa unemployment rises as Ramaphosa vows action.

Somalia postpones exams after papers leaked on social media.

EUROPE

Putin says he senses Trump genuinely wants to repair U.S.- Russia ties.

Pompeo tells Russia: Don't meddle in next U.S. presidential election.

Russia tells Pompeo: Enough mistrust, let's reboot our ties.

Brexit talks to continue as cabinet sets summer deadline to quit EU.

Pentagon warns EU against blocking U.S. companies from defense pact.

Poland cancels visit from Israeli officials over Holocaust dispute.

Row as France remembers troops slain in hostage raid.

Facebook shuts down string of right-wing 'fake news' accounts accused of spreading anti-migration and anti-Semitic messages in Italy ahead of EU elections.

Floods hit Bosnia, triggering alarm in Balkans.

AMERICAS

Donald Trump Jr. agrees to Senate committee interview: source.

US Attorney General Barr names Connecticut prosecutor to investigate Russia probe's origins: report.

Democrats and Trump fight in court over his financial records.

US targets $300B of Chinese goods for new tariff hikes.

Montana Gov. Bullock enters U.S. presidential race.

Venezuela top court accuses more lawmakers of treason as congress building blocked.

US police launch bid to evict pro-Maduro activists from Venezuela embassy.

Guatemala ex-dictator's daughter barred from presidential race.

Canadian officials visit former diplomat Michael Kovrig in custody in China.

TERRORISM/THE LONG WAR

Saudi Arabia says 'terrorist attack' on oil tankers raises new security concerns.

Iraqi army hunts ISIS remnants spreading fear in former 'caliphate'.

German intelligence agency warns of 'Islamic State' attacks.

Collapse of USS Cole bombing case marks another failure for Guantanamo's military courts.

ECONOMY/FINANCE/BUSINESS

Stocks bounce back as trade rhetoric cools.

Exclusive: Trump expected to sign order paving way for U.S. telecoms ban on Huawei.

China accuses US of threatening World Trade Organisation's future as trade war heats up.

WhatsApp attacked by advanced spyware via missed calls.

Alibaba founder Jack Ma says staff should have sex six times in six days to reach 'marriage KPI'.

A Bird Strike On An F-35B Fighter Caused $2 Million In Damages

Posted: 14 May 2019 03:51 PM PDT

Marine Corps F-35B Lightning IIs from Marine Fighter Attack Squadron 121 based in Iwakuni, Japan, fly in formation next to an Air Force KC-135 Stratotanker over Pacific waters. (Senior Airman John Linzmeier/Air Force)

Business Insider: A bird beat up a Marine Corps F-35B stealth fighter, causing at least $2 million in damages

* A Marine Corps F-35B suffered serious damages after a bird strike in Japan, according to Marine Corps Times.
* The initial assessment indicated that this was a Class A mishap, meaning it involved at least $2 million in damages.
* Birds have claimed the lives of dozens of US service members, and they cost the US military millions of dollars a year in damaged aircraft. Some airfields have set up bird cannons to disperse the flocks.

A bird reportedly managed to bang up an F-35 stealth fighter to the tune of at least $2 million.

A Marine Corps F-35B Joint Strike Fighter was recently forced to abort take-off after a surprise bird strike, Maj. Eric Flanagan, a spokesman for 1st Marine Aircraft Wing, told Marine Corps Times. The fighter never took flight and "safely taxied off the runway," but it didn't escape the situation unscathed.

Read more ....

Update #1: Bird strike causes more than $2 million in damages to Japan-based Marine Corps F-35B (Marine Times)
Update #2: Marine F-35B Suffers Millions in Damages After Runway Bird Strike (Military.com)

WNU Editor: That is one expensive bird-strike.

Iran's Supreme Leader Says There Will Be No War Against U.S.

Posted: 14 May 2019 03:39 PM PDT

Supreme Leader Ayatollah Ali Khamenei waves his hand, as he delivers a speech on the first day of Persian New Year, also known as Nowruz in Mashhad, northeast of Tehran, Iran March 21, 2019. Khamenei.ir/Handout via REUTERS


Reuters: Iran's Supreme Leader says there will be no war with U.S.

LONDON (Reuters) - Iranian Supreme Leader Ayatollah Ali Khamenei said on Tuesday Tehran does not seek war with the United States despite mounting tensions between the two arch-enemies over Iranian nuclear capabilities and its missile program.

In comments to senior officials carried by state television, Khamenei also reiterated that the Islamic Republic would not negotiate with the United States on another nuclear deal.

"There won't be any war. The Iranian nation has chosen the path of resistance," Khamenei was cited as saying by the state media. "We don't seek a war, and they don't either. They know it's not in their interests."

Read more ....

WNU Editor: I hope that he is right. But one thing that I have learned over the years in doing this blog is that many people do not want war, but war definitely wants them.

Anti- ISIS Coalition Commander Says There Is No Increased Threat From Iran-Backed Forces

Posted: 14 May 2019 03:30 PM PDT

Members of the international force fighting the Islamic State group in Iraq and Syria, some of whose soldiers are pictured with French Defence Minister Florence Parly in February 2019, sees no increased threat from Iran (AFP Photo/Daphné BENOIT)

The Guardian: No Iran threat in Syria or Iraq, top British officer says, contradicting US

Deputy commander of anti-Isis coalition rebuts White House justification for sending troops

The top British general in the US-led coalition against Isis has said there is no increased threat from Iranian-backed forces in Iraq or Syria, directly contradicting US assertions used to justify a military buildup in the region.

Maj Gen Christopher Ghika, who is a deputy commander of Operation Inherent Resolve, the coalition conducting counter-terrorist operations against Isis in Iraq and Syria, was repeatedly questioned by reporters about the threat from Shia militias in Syria and Iraq, cited by US officials over the past week as justification for speeding up the deployment of an aircraft carrier strike group in the Gulf and for sending B-52 Stratofortress bombers and an anti-aircraft battery to the region.

Read more ....

Update #1: No increased threat from Iran-backed forces, anti-ISIS coalition leader says (CNN)
Update #2: Military officer says no rise in Iran threat in Iraq, Syria (FOX News/AP)

WNU Editor: The Pentagon has a different view .... Pentagon disputes British general's comments on Iraq militia threat (Politico). More here .... U.S. warns on possible 'imminent threats' to U.S. forces in Iraq (Reuters).

Are China And The U.S. Engaged In A 'Cold War Lite'?

Posted: 14 May 2019 03:29 PM PDT

Minxin Pei and Brad Carson, War On The Rocks: Jaw-Jaw: Minxin Pei Predicts a Cold War Lite Between the U.S. and China

The United States and China are headed for a "cold war lite," says Minxin Pei. What does this exactly mean? And what threat does China present to the U.S. that would necessitate such a confrontational posture? Can China transition to a less export-driven economy or will its growth inevitably slow? What are the root causes of corruption in China? Is Xi's anti-corruption campaign successful? These and other questions are explored in this week's episode of Jaw-Jaw.

Read more ....

WNU Editor: If China and the U.S. were in a Cold War right now, even a "lite" one, U.S. tariffs will be replaced with sanctions, and U.S. - China travel will be restricted. But if this continues we are heading that way.

China Calls For "People's War" Against The U.S.

Posted: 14 May 2019 02:44 PM PDT

Trump and Xi meeting business leaders in Beijing. Reuters

Business Insider: Beijing calls for a 'people's war' against the US as Trump threatens tariffs on another $300 billion of Chinese goods in all-out trade battle

* The US-China trade war has dramatically escalated over the past few days, with both sides announcing tariff increases on billions of dollars' worth of each other's goods.
* Chinese state media — which functions as a Communist Party mouthpiece — issued a series of rabble-rousing statements on Monday accusing the US of "greed and arrogance" and calling for a "people's war" against it.
* President Donald Trump's administration on Monday night threatened to impose tariffs of up to 25% on another $300 billion worth of Chinese goods.
* If such tariffs were to be imposed, almost all Chinese imports to the US would be subject to tariffs.
* Trump tweeted on Tuesday that his "respect and friendship" with Chinese President Xi Jinping was "unlimited" but that "this must be a great deal for the United States or it just doesn't make any sense."

The US-China trade war continues to heat up, with Beijing calling for a "people's war" against Washington and President Donald Trump threatening to impose tariffs on another $300 billion worth of Chinese goods.

In a series of editorials and op-ed articles published Monday, Chinese state media slammed what it labeled the Trump administration's "greed and arrogance" and called for a "people's war" against it. Beijing's state-run media effectively serves as a mouthpiece for the Communist Party.

Read more ....

More News On China Calling For A "People's War" Against The U.S.

Chinese media calls for 'people's war' as US trade war heats up -- CNN
China Vows 'People's War' as Trade Fight Takes Nationalist Turn -- Bloomberg
Chinese state media calls for 'people's war' as US trade conflict escalates NYPost
China Calls For "People's War" Against The US, Vows To "Fight For A New World" -- Zero Hedge

Spain Pulls Frigate From U.S. Strike Group Because Of Rising Tensions Between Washington And Tehran

Posted: 14 May 2019 10:56 AM PDT

Spanish frigate 'Méndez Núñez' (l) and 'USS Abraham Lincoln.' Spanish navy

AFP: Spain pulls its frigate from US military build-up in Gulf

Madrid (AFP) - Spain has recalled a frigate accompanying a US aircraft carrier to the Middle East because of rising tensions between Washington and Tehran, the defence ministry said Tuesday.

"For the moment the frigate Mendez Nunez has left the combat group of the USS Abraham Lincoln," a ministry spokesman told AFP, confirming a report in the Spanish daily El Pais.

"It's a temporary withdrawal, decided by Defence Minister Margarita Robles, as long as the American aircraft carrier is in this zone," the spokesman added.

He said the Spanish frigate had joined the aircraft carrier's strike group for a military exercise.

Read more ....

WNU Editor: Spain's acting defense minister is claiming that this decision was not made because of politics, that it was based on military and technical reasons.

More News On Spain Pulling A Frigate From A U.S. Strike Group Because Of Rising Tensions Between Washington And Tehran

NATO ally Spain pulls warship from US strike group 'to avoid being dragged into conflict with Iran' -- RT
Spain Withdraws Its Frigate from US Combat Group in Persian Gulf – Reports -- Sputnik
Spain says frigate peeling off from US fleet is not a rebuke -- FOX News/AP
Spain defends decision to pull frigate from US combat group headed for Gulf -- El Pais

U.S. Secretary of State Mike Pompeo Visits Russia To Meet Russian President Putin And Foreign Minister Lavrov

Posted: 14 May 2019 10:22 AM PDT





Reuters: Russia tells Pompeo: Enough mistrust, let's reboot our ties

SOCHI, Russia (Reuters) - Russian Foreign Minister Sergei Lavrov told U.S. Secretary of State Mike Pompeo on Tuesday it was time for Moscow and Washington to put aside years of mistrust and find a way to work together constructively.

Pompeo is in the Russian Black Sea resort of Sochi for talks with his Russian counterpart, and later on Tuesday will also hold consultations with Russian President Vladimir Putin.

Read more ....

More News On U.S. Secretary of State Mike Pompeo's Visit To Russia

The Latest: Pompeo urges Russia to end support of Maduro -- AP
LIVE UPDATES: Pompeo Visits Russia to Meet President Putin, FM Lavrov -- Sputnik
Lavrov & Pompeo agree to work on nukes control but clash on Venezuela, election interference (VIDEO) -- RT
Arms control a top issue at Russia-US talks Tuesday in Sochi -- AP
Pompeo warns Russia against interfering in the 2020 U.S. presidential election -- Reuters
Pompeo, Russia's Lavrov see hope for improved US-Russia ties -- AP
Pompeo seeks improved relations with Russia ahead of Putin meeting -- CNN
Russia, US say ready for better ties as Putin set to host Pompeo -- AFP
Nuclear Arms, Iran and Venezuela: Pompeo's Likely Agenda With Putin in Russia -- The New York Times
Pompeo meets Lavrov amid hope for improved US-Russia ties -- Al Jazeera

President Trump Calls New York Times Report Of A Plan To Deploy 120,000 Troops To The Middle East If Iran Attacks U.S. Forces As 'Fake News'

Posted: 14 May 2019 10:15 AM PDT

President Trump boards Air Force One from Joint Base Andrews, Md., May 14, 2019. (Leah Millis/Reuters)

Daily Mail: Trump calls report of a plan to deploy 120,000 troops to the Middle East if Iran attacks U.S. forces 'fake news' – then says if he did order an intervention he would send 'hell of a lot more troops than that'

* Acting Defense Secretary Patrick Shanahan reportedly presented plan Thursday
* Plan does not call for land invasion of Iran, which would require far more troops
* Comes after ships in Persian Gulf were 'sabotaged', which was blamed on Iran
* President Trump warned Monday it would a 'very bad mistake' if Iran launched any attack in the Persian Gulf
* Britain's Foreign Secretary Jeremy Hunt has warned of the danger of a conflict by 'accident'
* The Navy has dispatched the USS Abraham Lincoln to the Gulf
* Iran or its proxies were behind alleged 'sabotage' of four ships in the region, according to preliminary assessment by military investigators

President Donald Trump knocked down a report that the Pentagon has presented the White House with a plan to deploy 120,000 troops to the Middle East if Iran attacks U.S. forces – then said he would send 'a hell of a lot more' if it came to that.

Trump brushed off the report when asked about it as he left the White House for Louisiana Tuesday.

'I think it's fake news, okay?' the president said.

But even as he disputed a New York Times report, the president kept alive the possibility of inserting a major force into the region, where tensions are running high.

'Now would I do that, absolutely,' Trump offered, after terming the report fake.

Read more ....

More News On President Trump Calling The New York Times Report Of A Plan To Deploy 120,000 Troops To The Middle East If Iran Attacks U.S. Forces As 'Fake News'

Trump denies U.S. plan to send 120,000 troops to counter Iran threat -- Reuters
Trump dismisses report of plan to send 120,000 troops to Iran, but ramps up threat -- USA Today
Trump says no plan to send 120,000 troops to Middle East, but would send more if needed -- The Hill
Trump Says He'd Send More Than 120,000 Troops to Fight Iran -- Fortune

World News Briefs -- May 14, 2019

Posted: 14 May 2019 04:11 PM PDT



BBC: US 'blames Iran' for damage to tankers in Gulf of Oman

US investigators believe Iran or groups it supports used explosives to damage four ships off the United Arab Emirates on Sunday, media reports say.

Military experts were reportedly sent to investigate the incident and found a large hole in each of the tankers.

No evidence has emerged to show that Iran was involved. The affected countries are yet to assign blame.

The incident has increased tensions between Iran, which borders the nearby Strait of Hormuz, and the US.

About a fifth of oil that is consumed globally passes through the strait. Last month, Iran threatened to close it if it was prevented from using the waterway.

This followed a US decision to end exemptions from sanctions for major importers of Iranian oil.

Read more ....

MIDDLE EAST

Trump says US not ramping up for military conflict with Iran.

US issues new warning to Gulf sailors after UAE says ships were sabotaged.

Saudi Arabia says oil stations attacked by armed drones. Saudi shuts major oil pipeline after Huthi drone attacks.

US military probes oil tanker 'sabotage attacks' off UAE coast.

Military officer says no rise in Iran threat in Iraq, Syria.

Yemen rebels hand security of Hodeida ports to 'coastguard': UN.

Erdogan accuses Syria regime of undermining Turkey-Russia deal.

U.S. embassy in Israel: Americans should 'remain vigilant' for terror attacks.

Trump's election has boosted Israeli settlement construction.

ASIA

China-Russia relations are unrivalled, Beijing warns before US' Mike Pompeo meets Vladimir Putin.

Sri Lanka orders nationwide curfew amid anti-Muslim riots. Muslim killed in Sri Lanka riots despite curfew.

Four Pakistani police officers killed in bomb attack.

UN mission urges financial isolation of Myanmar's military.

North Korea describes US impounding of vessel as 'robbery'.

North Korea's Red Cross visits China as drought hits crops.

Fresh IMF deal a 'political blow' to Pakistan PM Imran Khan.

7.5 magnitude quake rattles residents on Papua New Guinea island.

AFRICA

Gunmen kill four at Catholic parade in Burkina Faso: church.

Mali calls for more EU help amid attacks in Africa's Sahel.

Sudanese protesters, army officer killed in overnight clashes. Sudan crisis: Clashes in Khartoum leave several dead.

South Sudan refugees flood into DR Congo.

Angola drought: Millions at risk of starvation.

S.Africa unemployment rises as Ramaphosa vows action.

Somalia postpones exams after papers leaked on social media.

EUROPE

Russia tells Pompeo: Enough mistrust, let's reboot our ties.

Brexit talks to continue as cabinet sets summer deadline to quit EU.

Pentagon warns EU against blocking U.S. companies from defense pact.

Poland cancels visit from Israeli officials over Holocaust dispute.

Row as France remembers troops slain in hostage raid.

Facebook shuts down string of right-wing 'fake news' accounts accused of spreading anti-migration and anti-Semitic messages in Italy ahead of EU elections.

Floods hit Bosnia, triggering alarm in Balkans.

AMERICAS

US Attorney General Barr names Connecticut prosecutor to investigate Russia probe's origins: report.

Democrats and Trump fight in court over his financial records.

US targets $300B of Chinese goods for new tariff hikes.

Montana Gov. Bullock enters U.S. presidential race.

US police launch bid to evict pro-Maduro activists from Venezuela embassy.

Guatemala ex-dictator's daughter barred from presidential race.

Canadian officials visit former diplomat Michael Kovrig in custody in China.

TERRORISM/THE LONG WAR

Iraqi army hunts ISIS remnants spreading fear in former 'caliphate'.

German intelligence agency warns of 'Islamic State' attacks.

Collapse of USS Cole bombing case marks another failure for Guantanamo's military courts.

ECONOMY/FINANCE/BUSINESS

China accuses US of threatening World Trade Organisation's future as trade war heats up.

WhatsApp attacked by advanced spyware via missed calls.

Alibaba founder Jack Ma says staff should have sex six times in six days to reach 'marriage KPI'.

Military And Intelligence News Briefs -- May 14, 2019

Posted: 14 May 2019 04:10 PM PDT



Military Times: Military plans to counter Iran include possible 120,000 troop deployment, cyber attack 'Nitro Zeus'

The Pentagon recently presented a military plan to the president's top national security aides that calls for up to 120,000 troops deploying to the Middle East and a potential crippling cyber-attack on Iran's infrastructure should Iran speed up its nuclear program or attack U.S. forces.

Details of the briefing were first reported by the New York Times, which cited more than half a dozen American national security officials, granted anonymity, who have been briefed on the updated plans.

Read more ....

Military And Intelligence News Briefs -- May 14, 2019

The US military is exploring a plan to deploy 120,000 troops to the Middle East as tensions with Iran intensify -- Business Insider

Initial US military assessment points to Iran in sabotage of oil tankers: report -- The Hill

B-52 bombers, F-15 fighters fly first deterrence sorties pointed at Iran -- Air Force Times

B-52s conduct first mission of counter-Iran deployment -- The Hill

Congress' Syria panel warns against Trump withdrawal plan -- Politico

The F-35 Isn't Just 'Stealthy': Here's How Its Electronic Warfare System Gives It An Edge -- Forbes

The U.S. Navy's Most Advanced Aircraft Carrier Ever Has Some Problems -- National Interest

Navy Wants to Invest In Amphibious Ship Upgrades, But Funding, Timing Still Unclear -- USNI News

Here's what your next, more powerful Marine Corps rifle optic will look like -- Marine Times

How the Army Could Use Smartphones to to Kill Enemy Snipers -- National Interest

Defense spending bill would limit Pentagon's ability to shift money after border wall transfers -- The Hill

US Air Force nuclear, space programs take hit in border wall reprogramming -- Defense News

Pentagon's $1.5B wall transfer to include pulls from intercontinental missile, spy plane upgrades -- The Hill

US Military Slashes Foreign-Language Training -- Foreign Policy

The Case for Deploying U.S. Land-Based Missiles in Asia -- National Interest

Navy SEAL Edward Gallagher's lawyers say military prosecutors spied by hiding tracking software in emails -- FOX News

The Navy's probe into sky penis -- Navy Times

'Hollywood technology' helping military rehabilitation -- BBC

US Military Begins Series of Joint Exercises in Europe - EUCOM -- Sputnik

US Reportedly Warns EU Against Developing Own Arms Projects, Exposing NATO Rift -- Sputnik

European Union's defense-collab push could fizzle, report warns -- Defense News

Pentagon looks for new vendors to replace F-35 parts made in Turkey -- UPI

US military has S-300 systems: Reports -- Hurriyet Daily News

NATO freezing out Turkey over S-400 purchase - analyst -- Ahval

Spain pulls its frigate from US military build-up in Gulf -- France 24

'Cheaper to Buy a New One': Norway Discovers Sunken Frigate's True Repair Costs -- Sputnik

Russia's military gamble in Syria is paying off handsomely -- The Economist

WATCH Russian President Putin Inspecting the Military's Newest Aircraft -- Sputnik

Indian Army raises alarm over rising accidents due to faulty ammunition -- Times of India

South Korea is developing nature-inspired military surveillance robots that mimic birds, snakes, and sealife in a bid to conquer every theatre of war -- Daily Mail

Drone flights over Iraq limited by electromagnetic interference -- C4ISRNet

President Trump Will Meet With China's Xi Jinping And Russia's Vladimir Putin During The G-20 Summit

Posted: 14 May 2019 07:57 AM PDT

Xi Jinping, Donald Trump, and Vladimir Putin © Reuters / Pool and Kevin Lamarque

USA Today: Trump will meet with China's Xi Jinping and Russia's Vladimir Putin during G-20

WASHINGTON – President Donald Trump will meet with Chinese President Xi Jinping and Russian President Vladimir Putin when world leaders gather in Japan next month for the annual G-20 conclave, the president said Monday.

Trump's announcement comes amid an escalating trade war with China that has roiled markets as both the U.S. and Beijing have upped tariffs on each other's products. After trade talks fell apart last week, Trump raised tariffs on $200 billion in Chinese goods.

"I'll meet with them directly," Trump told reporters in the Oval Office.

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More News On Reports That President Trump Will Meet With China's Xi Jinping And Russia's Vladimir Putin During The G-20 Summit

Trump Says He'll Meet With Russia's Putin, China's Xi At G20 -- RFE
Trump to meet with Putin, China's Xi at G-20 summit -- Politico
Trump Says He'll Meet With Xi, Putin at G-20 in June -- Bloomberg
Trump says he will meet with Xi and Putin at G20 -- RT

China's Navy Wants To 'Mass Produce' Its Guided Destroyers

Posted: 14 May 2019 07:46 AM PDT

China launches two Type 052D guided missile destroyers simultaneously on Friday in the Dalian Shipyard, Northeast China's Liaoning Province. The warships are decorated with Chinese national flags. Photo: IC

Global Times: Chinese guided missile destroyer suitable for mass production: experts

China is expected to build even more guided missile destroyers, Chinese military analysts said on Sunday as China launched two Type 052D guided missile destroyers on Friday in Dalian, a coastal city in Northeast China's Liaoning Province.

Decked with Chinese national flags, the two Type 052D destroyers were launched in the Dalian Shipyard on Friday with the assistance of tug boats, marking the 19th and 20th of launches of their kind, news website wenweipo.com reported on Friday.

China now has 20 Type 052Ds either in active service or being fitted out for service soon, the report said.

Wei Dongxu, a Beijing-based military analyst, told the Global Times on Sunday that 20 would not be the end for the ship's development, and China might have more than 30 in the future.

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WNU Editor: I know China has the infrastructure and the political will to mass produce these warships. This has become a high priority item for them.

More News On China Wanting To 'Mass Produce' Its Guided Destroyers

China could 'mass produce' guided missile destroyers, analyst says -- UPI
China Launches 19th and 20th Type 052D Guided Missile Destroyer -- The Diplomat
China launches two new Type 052D destroyers as it continues drive to strengthen naval force -- SCMP
China Launches Two New Missile Destroyers Amid US Show of Force in S China Sea -- Sputnik

Iran Warns The U.S. That They Risk A 'Devastating War'

Posted: 14 May 2019 07:46 AM PDT

A display featuring missiles and a portrait of Iran's Supreme Leader Ayatollah Ali Khamenei is seen at Baharestan Square in Tehran, Iran September 27, 2017. Nazanin Tabatabaee Yazdi/TIMA via REUTERS

USA Today: Iran says Trump playing 'very dangerous game' and risking 'devastating war'

LONDON – The United States is playing a "very dangerous game" as it attempts to "drag Iran into an unnecessary war," a senior Iranian official said Tuesday.

Hamid Baeidinejad, Iran's ambassador to the United Kingdom, told reporters here that the Trump administration's deployment of an aircraft carrier strike group, B-52 bombers and other military personnel and equipment to the Persian Gulf to counter alleged, unspecified Iranian threats risked "serious miscalculation."

Baeidinejad denied that Iran or its "proxies" were behind what Washington has described as the possible Iranian-backed "sabotage" of oil tankers in the Gulf belonging to Saudi Arabia, Norway and the United Arab Emirates. On Tuesday, Saudi Arabia said that drones also attacked one of its oil pipelines and other energy infrastructure.

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WNU Editor: Iranian threats have accelerated in the past few weeks .... Iran Commander Calls U.S. Military In The Persian Gulf A Target (May 12, 2019).

U.S. Plans To Deploy 120,000 Troops To The Middle East In The Event That Iran Attacks American Forces Or Accelerates The Development Of Nuclear Weapons

Posted: 14 May 2019 06:45 AM PDT

Tensions between Iran and the United States have intensified since Trump pulled out of a 2015 international deal to curb Iran's nuclear activities and imposed increasingly strict sanctions on Tehran

Daily Mail: White House plans to deploy 120,000 troops to the Middle East if Iran attacks American forces in alarming echoes of the Iraq War

* Acting Defense Secretary Patrick Shanahan reportedly presented plan Thursday
* Plan does not call for land invasion of Iran, which would require far more troops
* Comes after ships in Persian Gulf were 'sabotaged', which was blamed on Iran

The White House is reportedly planning to deploy 120,000 troops to the Middle East if Iran attacks American forces in an alarming echo of the Iraq War.

Acting Defense Secretary Patrick Shanahan presented the plan at a meeting of Donald Trump's top security aides on Thursday, reports the New York Times.

Several plans were detailed, the Times said, and 'the uppermost option called for deploying 120,000 troops, which would take weeks or months to complete' - and would be approaching the size of the force that invaded Iraq in 2003.

These plans do not call for a land invasion of Iran, which would require far more troops.

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WNU Editor: This would be a massive deployment, but it would take far more assets to invade Iran. Such a deployment will be primarily defensive, with the purpose of defending U.S. interests in the region.



More News On The U.S. Planning To Deploy 120,000 Troops To The Middle East In The Event That Iran Attacks American Forces Or Accelerates The Development Of Nuclear Weapons

White House Reviews Military Plans Against Iran, in Echoes of Iraq War -- The New York Times
White House reviews military plans against Iran: New York Times -- Reuters
White House reviews plan to deploy 120,000 troops to Middle East: NYT -- The Hill
NYT: White House reviews plan that would send up to 120,000 US troops to Middle East -- CNN
The US military is exploring a plan to deploy 120,000 troops to the Middle East as tensions with Iran intensify -- Business Insider
Trump considering plan to send 120,000 troops to Middle East as Iran tensions heighten, report suggests -- The Independent
US considers plan to deploy 120,000 troops in event of Iran clash -- The National
US plans to deploy 120,000 troops in Middle East to counter Iran – report -- RT
NYT: Pentagon presented plan to deploy 120,000 troops in case of Iran escalation -- Axios

Pentagon: Initial U.S. Assessment Blames Iran For Oil Tanker Attacks

Posted: 14 May 2019 06:33 AM PDT



Warzone/The Drive: U.S. Government Claims Iran Is Behind Attacks On Oil Tankers, But Has Yet To Show Evidence

The news of comes amid a report that the Pentagon revised a contingency plan that includes sending 120,000 troops to respond to Iranian aggression.

A U.S. military team in the United Arab Emirates has reportedly come to the initial assessment that Iran or one of its proxies was responsible for attacks on four oil tankers near that country's port city of Fujairah yesterday, though there are no details yet about how they arrived at this conclusion. This comes amid a separate report that the Pentagon revised at least one of its contingency plans to deploy as many as 120,000 personnel to the Middle East in the event that Iranian forces or proxies launch attacks on Americans or begin apparent work toward building a nuclear weapon.

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WNU Editor: Iran is blaming Israel for these attacks .... Iranian lawmaker blames 'Israeli mischief' for tanker attacks off UAE coast (Reuters)

More News On The Initial U.S. Assessment That Blames Iran For Yesterday's Oil Tanker Attacks

Official: Initial US assessment blames Iran for ship attacks -- AP
Initial US investigation 'blames Iran for UAE ship attacks' -- Al Jazeera
It WAS sabotage': Iran used EXPLOSIVES to blow a hole in four ships anchored off UAE coast, says Pentagon as Spain pulls frigate from the Gulf amid fears of looming conflict -- Daily Mail
First assessment blames Iran for Middle East ship explosions, official says -- FOX News
Iran news: Details of tanker "sabotage" murky as Trump warns Iran and U.S. casts first blame -- CBS/AP
US military probes oil tanker 'sabotage attacks' off UAE coast -- Al Jazeera
Mystery shrouds 'sabotage' of oil tankers in tense Gulf -- AFP
What we know about 'sabotage' of oil tankers -- France 24