Midday market comment

Market is up today. Early morning data didn’t frighten anyone. Plus, there seems to be good news out of Europe. They are working on the Greek crisis, and one would assume that they are working on the rest of the …






Stacking the Deck

It’s well known that if you want to cheat at cards, you stack the deck. Marked cards, card readers, card counting are all ways to try and take gambling odds and turn them on their ear. The investment banks in …






Wow, what a game

Just finished watching the overtime game between Canada and the US. I didn’t want it to end. Both teams showed so much heart. Jonathon Toews was arguably the best player on the Canadian team for the entire tournament. Patrick Kane …






Angel Investing

In April 2007, I co-founded an organization called Hyde Park Angels. Our stated mission is to support entrepreneurs in the Midwest, but we all really got into it to make some money. The Chicago Tribune wrote an article on HPA …






SEC and Short Selling

In my post on Fungibility, I talked about the different attitude of the SEC and CFTC with regard regulatory approach. Yesterday, the SEC decided by a 3-2 vote to limit short selling. The vote was among party lines. The SEC …






Is there such a thing as government logic?

Health care is getting the ink this week, but here is a case and point of why government is too big. The Democrats want to increase tourism. Their proposal, a new agency funded by a tax on international travel-TRAVEL PROMOTION …






Barbecue

Was on a road trip last week. Went to a bunch of places, big driving trip. Good thing we have a diesel. Anyway, one of my favorite things is barbecue. I try it everywhere I go. When I dropped my …






A mascot passes

Students at Ole Miss voted to end the reign of their mascot Colonel Reb. Some mourn the passing, some cheer. Not my alma mater, so I don’t have an opinion. I am glad the students of Ole MIss decided to …






Conspiracy Theory

Let’s connect the dots regarding ELX, ICE, and CME. CME has been under attack from different government agencies, and the NY banks for over a year. They are winning. The first salvo was the DOJ letter released in February of …






Short term post on the Stock Market

Markets are notoriously hard to predict. That’s why there is a plethora of information about them. Markets hate uncertainty, and there is a lot to be uncertain about. There are several situations evolving at once that are affecting markets today. …






Obama and the health of Democrats

Obama is hosting a health summit this week. It is for show only. The press has lapped up the Obama White House tidbit that he has trimmed it to be budget neutral. However, no plan proposed by a politician of …






Incentives-Transaction Tax

Taxes are just incentives to behavior. Milton Friedman famously said if you want less of something, tax it. Taxes are a way to generate government revenue-but as soon as there is a tax, people try to find away around it. …






Fungibility

Fungibility is a term that few people are acquainted with, but in the coming years it could be a very important term to the American Taxpayer. Essentially, everyone lumps markets into one bucket. The pitchforks are out chasing New York …






Brits inflation up sharply

Whoa! This is an eye opener. Everyone in America is on the inflation beat. That’s why gold has had such a run. There has been a fair amount of money lost in the past two years being short Treasuries. But …






Michael Yon Online

I am on a college tour with my daughter this week. Michael Yon is writing the best stuff coming out of the battlefield that you will read. Make sure you hit his tip jar. He is self financed and needs …