Da Future

Lots of economics blogs out there. It is fashionable to be an economist now. Even Obama has given up law and has become an economic prognosticator. Of course, like most of them he has been wrong. To be a real …

Don't Drink and Trade

Recently, a British oil trader was fined for single handedly causing a jump in Brent Crude prices.  After a week end bender, he continued to keep his drink on and started buying oil. He drove the market up, and then …

Stuck In The Muck

Economy is stuck in the mud. Today’s employment report showed -125,000 jobs. Keynesians are all about spending more money. The mantra is if we didn’t do stimulus we would be in Depression. Nancy Pelosi seems to think that sending people …

Hey Lebron! Come to Chicago.

Dear Lebron James, Typing just a little note to let you know Chicago would be a better place than NYC or Miami for you, but more importantly, your family. There are several reasons why. 1. The Bulls have a better …

Market Pre-Unemployment

Well, I was incorrect about Wednesday’s and Thursday’s market. It declined a lot more than I expected. On Wednesday, the market fell apart in the last hour. It had a bid all day. On Thursday, market opened and went lower, …

Fault Lines

Just read this book. It’s by a Professor of Economics, Raghu Rajan. He and others at Chicago, like Luigi Zingales and John Cochrane have been right on when it comes to writing about causes and solutions to the financial crisis. …

Long Haul Investing

Yesterday, I met with a person that is crossing the country and writing a book. She was interested in interviewing traders, because supposedly we think different! Anyway, we spoke for about an hour. One question she asked me piqued my …

Technical Difficulties

Sorry about the appearance of the site. I upgraded to WordPress 3.0 and the blog looked different. I am working on the problem, but won’t have it fixed for at least a day. WordPress is really a pain to get …

Sick Market

Why the heck is the market puking? That’s what people are asking themselves today. The market tried to rally today, but in the last hour everyone puked. I have a few reasons why. One, uncertainty. On The Closing Range radio …

This is Justice? The Rubashkin Case

Periodically, I open up the blog to guest bloggers. Here is one from Ruven 77 Today a friend sent me a link to an Op-Ed in the Atlanta Journal-Constitution, by Bob Barr, regarding the case of Sholom Rubashkin, a kosher …

100K for a "Journolist"?

In the political/news blogosphere, there has been quite a kerfuffle recently over the departure of a reporter, Dave Weigel. Apparently there is a listserve where liberal reporters from different organizations get their “message” together and then take to the media …

Volatility, and Friday's Unemployment Number

Maybe a tad early to be writing about Friday’s expectations, but here goes nuthin’. Everyone has noticed the extreme volatility in the market. My wife was remarking that every time she looks at the Dow it’s a three handle move …

This is Racism

The Tea Party has been accused of being racist. Hardly. Ending big government and ending profligate government spending, high taxes etc is not a racist platform. Certainly, there are people that follow the Tea Party that are racist. Just like …

Stocktwits.com

I follow PPearlman on Twitter. He had a funny tweet today. Spain vs Portugal, loser has to buy the other’s bonds.

Paul Kanjorski-(D) Pennsylvania

Representative Kanjorski said on CNBC today if the Fin Reg bill doesn’t pass, the market will be down 1000 points. Ha. I’ll take that bet. I’m a buyer on a do nothing government. It would mean something might get done …

China on the Edge-Consumer Confidence Plummets-So Does Market

Markets look ugly today….again. This is beginning to sound like there is a scratch in an old 33 vinyl record album. Overnight, China took a 4% drop. Today, Consumer Confidence was released and dropped 10 percentage points. Yuck. CC never …

One Analysis of the Flash Crash

The Flash Crash of May 6 still sends reverberations. Here is one analysis of the day. The SEC is analyzing it, as is the CFTC and the government alphabet soup of regulators.  However, those regulators have blind spots and self …