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.
Entries by DougD
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
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,
December 7, 2011 - Quote of the Day
?Europe is in the terminal phase of its life,? said David Murrin of Emergent Asset Management.
There is a Method to My Madness
Take a look at the charts below, and you will see what prompted me to knock out some shorts on the S&P 500 (SPY) on Friday. The longer the current trading range in the index works, the more traders pile into it, confining it to an ever narrowing range. I am even hearing that fundamental
Europe Whispers the Magic Words
I heard the magic words today from German chancellor Angela Merkel and French president Nicolas Sarkozy: ?treaty changes?. That will be the gist of their joint proposal at the European summit this coming Friday to deal with the sovereign debt crisis. To me, this means that the two besieged leaders are finally biting the bullet
Testimonial
Dear John, I'm extremely passionate about markets and am already building a hedge fund at the age of 31. Please continue to be yourself and inform. I want to learn from you all I can to successfully understand the next likely moves based on your insights and reasoning. I just wish you were my uncle
December 6, 2011 - Quote of the Day
?Bull markets don?t die, they are killed by central bankers,? said JJ Burns of JJ Burns & Co., an investment advisor.
Trade Alert Service Posts a Blistering One Year 42% Return
Last week marked the one year anniversary of my Trade Alert Service, and subscribers could not be happier with the results. The first year return came in at 42.2%, putting us in the top one tenth of one percent of all hedge fund managers. By comparison, the S&P 500 Index came in wheezing with a
November Unemployment Plunges to 8.6%
The November nonfarm payroll came in at 120,000, better than the consensus. The unemployment rate plunged an eye popping 0.5% to 8.6%, the lowest level in 32 months and one of the sharpest contractions on record. Some 140,000 private jobs were added, bringing the 32 month total to an even 3 million, an impressive feat