Archive for August, 2011

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For All You Media Watchers

Did you ever hear the expression, “traders love volatility”? Well, I’m gonna take a wild guess that there ain’t too many traders who love THIS kind of volatility. And if you are a trader of anything financial and have successfully navigated these markets over the last few weeks, you get a gold star. And probably [...]

A Few Points

I could say a lot about yesterday, but I will take a different approach, since you have all probably read or watched something relating to yesterday’s bloodletting. Not a day that will be soon forgotten. I’m just going to hit you with some nifty observations.

Gone Fishin’…….

So, obviously, this was a less than quiet weekend while everyone who cared about financial markets (and many who did not, like the Reverend Al Sharpton on his radio show I listened to last night in a cab. Really, you need to listen to this show. I don’t think he intends it to be a [...]

Why Ask Why?

Welp, in the hallowed history of this blog, yesterday was clearly the worst performance I’ve had. The phrase “long and wrong” mean anything to you? It does to me. Like it’s stamped on my forehead. The number today wasn’t awful, but people still really arent rushing in to buy. I dumped my purchase of ticker [...]

Wanna Cut Costs?

Well that was close. If it wasn’t for a late rally in stocks yesterday, we would’ve had the first 9 straight day losing streak in the stock market since 1978! Wait, who was President in 1978?! Jimmy Carter, that’s who. How long did Jimmy last? 4 years. Hmmm.

Places Everyone! Places!

So my kid comes up to me this morning and says, “Dad, how do you like being a consultant?” I have no idea where this is going, so I play along. “It’s great. How do you know I’m a consultant?” The reply of all replies: “Well I just remembered in school we had to write [...]

Till Debt Do Us Part

So let me get this straight. We are going to probably get a debt limit ceiling deal shortly. A “bi-partisan” deal. And the guys who look like clowns, are Senator Reid (D-NV), Rep. Boehner (R-OH), and President Obama himself? And the “heroes” are Senator Mitch McConnell (R-KY) and VICE President Joe Biden?!?! Someone please stab [...]

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