By Frank Fahey “And now, here to tell you everything about anything is Mr. Know-It-All.” – Rocket J. Squirrel Where is Mr. Know-It-All when we need him? Good news was once again bad news. A decision by the Fed to not raise interest rates was expect by the investment…
By Frank Fahey “As far as the laws of mathematics refer to reality, they are not certain; And as far as they are certain, they do not refer to reality.” -Albert Einstein Uncertainty continues to dominate the markets. Relative strength in the energy sector helped the Dow Jones Industrial Average…
By Frank Fahey “A loss never bothers me after I take it. I forget it overnight. But being wrong- not taking the loss that is what does damage to the pocketbook and to the soul.” Jesse Livermore The week ended with equities selling off after the release of a…
By Frank Fahey ”Put your trust in God, my boys, but mind to keep your powder dry.” Attributed to Oliver Cromwell The markets are very nervous. I have been trading over 30 years. The past week’s equity markets exhibited behavior which rivaled any black swan markets I have ever…
By Frank Fahey “The market is characterized by long periods of boredom interrupted by moments of panic.” – Bob Price This is a week where a picture is worth a thousand words. The past week saw a global sell-off led by Chinese markets. The sell-off culminated on Friday with the…
By Frank Fahey “Progress always involves risks. You can’t steal second base and keep your foot on first.” – Frederick Wilcox The broad based indexes showed modest gains despite the surprise devaluation of the Yuan and continued weakness in crude oil. The Chinese devaluation raised the specter of a global…
By Frank Fahey “Risk comes from not knowing what you’re doing” ― Warren Buffett The Dow Jones Industrial Average was down for the seventh straight day on Friday. The longest losing streak in 4 years has left the DJIA down over 2.5% for the year. The rest of the indexes sold…
By Frank Fahey Even a correct decision is wrong when it was taken too late.” – Lee Iacocca Last week was not a continuation of the sell-off of the previous week. The major indexes should a minor rebound in prices despite weak earnings form P&G, ExxonMobil and Chevron. A European…
By Frank Fahey ““Never was anything great achieved without danger.” ― Niccolò Machiavelli Equities and commodities suffered at the hands of a global sell-off. US equity markets, with the exception of the technology laden NDX, lost 2 – 3%. Week earnings and dismal Chinese manufacturing numbers added to the selling pressure.…
By Frank Fahey “Good Risk Management fosters vigilance in times of calm and instills discipline in times of crisis.” Dr. Michael Ong A confluence of domestic and international factors led to a rally in US equities last week. The Greek government capitulated to the ECB and Eurozone finance ministers. This…
Futures + Options News