Natural Gas Goes Down in Flames

I received a scratchy and barely audible call from my buddy out in the Barnet natural gas fields just outside of Fort Worth, Texas the other day. With the price for CH4 decisively breaking through $3/MBTU yesterday, traders were now resigned to seeing a new ten year low in the near future, possibly as low […]

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January 17, 2012 – Quote of the Day

“My heart sank when I heard the corn number. I literally felt sick to my stomach. I just knew that most of the market was looking for a big rally in corn and had positioned themselves that way,” said Scott Shellady, a trader at ICAP US Derivatives.

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Riding the Rails on the Transcontinental

Chicago’s Union Station is one of those places that is permanently jammed. Commuters rushing to catch trains run into bottlenecks at every turn. Today, they were fleeing a freezing rain outside that left the city’s skies a leaden overcast. The entire station smelled of wet wool. Only the Great Hall, which was setting up for […]

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Testimonial

Thank you for a terrific year.  I have been managing assets for 27 years and I find your writings and work truly insightful.  I wish I had met you in 1984 (started at Merrill Lynch and then spent the bulk of my career at Bear Stearns) and let you help me shape my thoughts for […]

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January 13, 2012 – Quote of the Day

“Our medical technology has completely outstripped our ability to pay for it,” said Boris Schlossberg, a foreign currency strategist at BK Forex Advisors.

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Trade Alert – (SDS) Update – January 12, 2012

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) Update – January 12, 2012

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 – (SDS) – January 12, 2012

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) January 12, 2012

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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Welcome to Nosebleed Territory

When climbing peaks in the Alps, the High Sierras, or the Himalayas, you know you’re getting close to the top when the air becomes thin, it is difficult to breathe, and your nose suddenly starts to bleed. I remember trying to smoke a cigarette at 20,000 feet on Mount Everest. If you didn’t keep puffing […]

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The Muni Bond Myth

Have I seen this movie before? Three years ago, analysts were predicting default rates as high as 17% for Junk bonds in the wake of the financial meltdown, taking yields on individual issues up to 25%. Liquidity in the market vaporized, and huge volumes of unsold paper overhung the market. To me, this was an […]

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January 12, 2012 – Quote of the Day

“2012 will be the third year of living dangerously,” said Ed Yardeni of Yardeni  Research.

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Take a Look at Futures Magazine

Some people will do anything for a good stock tip. Futures magazine, published a complimentary profile about me in their recent issue. The publication is associated with the highly educational and informative annual Hard Asset Conferences in New York, San Francisco, and soon to be Chicago, where I have been a regular keynote speaker and […]

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Watch Out for the Jobs Trap

There is no doubt that the recent jobs data has been absolutely blistering. On January 4, weekly jobless claims plunged by 15,000 to 372,000, well below the 400,000 that is required for a sustainable recovery. The next day, the ADP report delivered a gob smacking 325,000 in job gains for December. Then the big kahuna […]

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Watch Those Monetary Aggregates!

Call me a nerd, but instead of spending my Sundays watching the NFC playoffs, I pour over data analyzing the monetary aggregates. This is so I can gain insights into the future performance of assets classes. What I am seeing these days is not just unusual; it’s bizarre. Call it a double reverse, a Hail […]

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