December 14, 2011 – Quote of the Day

“We should thank Meredith Whitney for creating a buying opportunity in municipal bonds,” said Aaron Gurwitz, CIO and chief strategist at Barclays  Wealth Management.

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Silver Turns to Lead

I have to tell you that I am not feeling the love from my silver position. I hung on faithfully for a month while the (SLV) churned around the 50 day moving average, building a base for a possible upside breakout. It was not to be. With another “RISK OFF” day on our plate this […]

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California’s War Against Millionaires

With the onset of the 2012 elections in a few weeks, the class warfare against the millionaires is about to start in earnest. In California, the issue has already been decided, and the millionaires have definitely lost. On the November ballot will be no less than five measures to raise taxes on high income earners, […]

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December 13, 2011 – Quote of the Day

“Isn’t it funny when you walk into an investment firm, and you see all of the financial advisors watching CNBC—that gives me the same feeling of confidence I would have if I walked into the Mayo Clinic or Sloan Kettering and all of the doctors were watching the TV soap opera General Hospital,” said a […]

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Trade Alert Update – (SLV) December 12, 2011

Trade Alerts are a premium subscription service, you must login to read the details. As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Trade Alert – (SLV) December 12, 2011

Trade Alerts are a premium subscription service, you must login to read the details. As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Jobless Claims Give More Fodder to the Bulls

No, the important economic event of the week was not the snail like progress towards solution of the European debt debacle. It was the weekly jobless claims announced on Thursday that plunged 23,000 to 381,000, a six month low. That puts it well below the 400,000 level where the economy is generally thought to be […]

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Market Gives Thumbs Up on European Plan

Having the flu during the holidays is the pits. This weekend, I blew my nose at the Cirque du Soliel so loudly that is perilously distracted some of the high wire acrobats. I coughed and hacked my way through the San Francisco Ballet’s Nutcracker Suite. Even the eggnog is utterly tasteless, no matter how much […]

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December 12, 2011 – Quote of the Day

“I don’t know where the next 1,000 points is coming from, but I know where the next 10,000 points is coming from,” said Sir John Templeton, when he was playing chess with me at his home at Lyford Cay in the Bahamas many years ago.  

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Trimming Down the Book for Year-end

Given the failure of the “RISK OFF” trade to develop any serious downside momentum this week, I am using the dip this morning to take a small profit on my S&P 500 ETF (SPY) puts. We had every reason to go down, given the Standard and Poor’s threatened European debt downgrade on Monday night. If […]

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December 8, 2011 – Quote of the Day

“You are either looking out five days or five years in this market. You’re either a surfer or a yacht. There are no small boats anymore,” said Bob Iaccino, a trader at Your trading room.com.

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Trade Alert Update – (SPY) December 7, 2011

Trade Alerts are a premium subscription service, you must login to read the details. As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Trade Alert – (SPY) December 7, 2011

Trade Alerts are a premium subscription service, you must login to read the details. As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Hedge Funds Circling Over the European Wreckage

Have you ever wanted to spend your summers basking in the sunlight at your mountain top Tuscan villa, surveying the manicured vineyards which produce your own estate bottled wine? Are you drawn by the cachet of claiming George Clooney as a celebrity neighbor on the model strewn shores of Lake Como? How about a luxury […]

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Why I’m Pulling the Plug On My Euro Shorts

I am pulling the plug on my short position in the Euro here, selling my Euro ETF (FXE) January, 2012 $134 puts at cost. It’s not that I have suddenly fallen in love with the beer drinkers and the garlic eaters. This is an option driven decision. With market volatility falling across all asset classes, […]

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