Note to Regular Readers

Sorry, switched to a new server this week. The Stocktwits network is hosting me now. If you signed up for an RSS feed or email delivery of the blog, you may have to resign up again. I am sorry about …

The Palin Effect

Sarah Palin rarely elicits a neutral opinion from anyone.  People on the left have a visceral hate for her. People on the far right love her unconditionally.  Some Republicans I have run into have said, “She’s not ready.”  Or, “Not …

Yra Harris, Sage Advice

Most people aren’t up this early in the morning.  Yra Harris was on CNBC early this morning.  He blogs here.  Yra is right when he discounts the “bond bubble” that everyone is blathering about.  Bonds are not setting new highs …

Taxes on Carried Interest

The relentless attack on capitalism continues.  The government isn’t happy with the way it has increased costs for business in the US over the last couple of years.  Sander Levin, a Democrat from Michigan, introduced the bill in the House. …

T Boone Pickens and Natural Gas, Wind(y)

T. Boone Pickens was on CNBC this morning.  Former Governor George Pataki (R-NY) was also on.  Pickens blathered on and on about converting truck fleets to natural gas.  While it might be a good idea, there was a lot of …

A Day At the Races

One of the greatest things about the trading floor was the humor. It was acid.   Jokes flew all day long. Was one of the most fun ways to make money evah. Now when we trade, we have to scour …

High Frequency Traders

HIgh Frequency Traders (HFT) are getting a lot of scrutiny these days. Wall Street is looking for someone to hang the blame of the flash crash onto. HFT guys are a good target. Many are based in Chicago. They also …

Dirty Goods

Durable goods were released this morning and it was another dismal economic number.  The number will fan the flames of double dip speculation.  Most economists don’t see a double dip-but they do see stagnation. Everyone thinks about Whirlpool stock when …

Gaggia Titanium

From time to time I like to blog about food, and eating in Chicago. Many years ago, I got sick of going to Starbucks all the time for a latte. So we purchased an in home espresso machine. We got …

How To Keep An Economy Down

From US Congressman Peter Roskam If you haven’t been paying attention to the tax cut debate yet, you need to take a few minutes to find out how Democrat Leaders in Congress are set to deliver a one-two punch to the …

Guest Posts on Points and Figures

From time to time, I allow different people to guest post on the blog. Some are traders that I know, some are professors that I know.  I even let politicians of political parties post, as long as I agree with …

Existing Home Sales Dive

Wow.  The headline number is shocking, but the intellectual analysis is not.  Existing home sales drop 27.2%.  Big number, but what does it mean? The Federal government subsidized home purchases with a tax credit.  The tax credit subsidy expired.  The …

Investors Flee Market

Why are investors fleeing the market?  If you are short term investor, you probably should. But, over the long haul, the return on equities has been significantly higher than any other financial instrument, including your mattress or Mason jars in …

New Blog Look

Migrated the blog to a new server.  There is an innovative information service that I became a part of, Stocktwits. Hope you like the new look. I have blogged about it before.  One of the greatest things about a trading pit …

Tax Cuts and Wars Didn't Bankrupt America

Wow, this is an eye opener.  Recall how the Democrats were going to be fiscally prudent with taxpayer money?  Recall how Obama campaigned on a balanced budget.  Over at American Thinker, they have an article with an eye popping chart …

Efficient Market Hypothesis-Validated

There is a lot of controversy around Gene Fama’s Efficient Market Hypothesis(EMH). He published the first paper on it in the early 1960’s. Many sharpshooters have tried to debunk it. Jeremy Siegel from the University of Pennsylvania’s Wharton School is …

Smelling a Short Term Rally

M+A activity is driving the market. Sentiment is extremely bearish. Technically, the market looks a little over sold. The Yen keeps rallying against the dollar. If you sniff the wind, the market seems like it’s cooking a short covering rally. …

Are They Crazy?

High Frequency Traders (HFT) need to access the market somehow. Some self clear, but many go through brokers because that model is a more efficient use of capital for their business. “The Financial Industry Regulatory Association is conducting a ‘sweep’ …