Volatility remained a constant as the markets showed a minor recovery from previous weeks’ self-offs. The greatest volatility was seen in the precious metal and interest rate markets. Gold closed the at $1,192/ ounce – down 14% ($197) in the past two weeks and down 8% this week. Option activity…
Volatility has been a constant in the markets over the past two weeks. Triple digit interday and intraday moves in the Dow Jones Industrials have become the rule – not the exception. Last week’s FOMC meeting and Bernanke’s statement that the Fed might reduce its bond buying program later this…
I love a good burrito. I also love babies. But I never thought about a burrito the size of a baby. Sure enough here it is straight off the internet. If you don’t finish the burrito I guess you can get one of those double strollers and put the burrito…
I would like to wish a happy Father’s Day to our readers and their fathers. International affairs once again move to the forefront. Declines in US and Japanese equity markets were blamed on the failure of the Bank of Japan to announce any new stimulus measures. U.S. Bonds moved to…
Big sports week. US Open kicks off – weather permitting, NBA and NHL Finals all underway. For a sports fan this is a great way to kick off the summer. Stayed up late with my kids watching the Blackhawks pull one out in triple OT over the Bruins. All this…
As I traded and watched last week’s market, I was reminded how it consistently confirms the old adages or oral history passed through the generations from one trader to another. My favorite source for these trading nuggets had witnessed the 1929 crash as a clerk. Bob sat in the member’s…
Last night my oldest son, Matt graduated from 8th grade. I still remember like it was yesterday his first day of Kindergarten. It seems like the “theta” on my young kids is accelerating. They will soon be adults. So to all you who have kids who are suddenly growing up…
Bears still dominate the financial news. Concerns run rampant about the future of quantitative easing. Treasuries have reached the highest yields in over a year. This led to the largest weekly losses for treasuries in over a year. An increase in 30-year mortgage rates has led to concern about the…
Here in the Chicago area we are still celebrating our game 7 win Wednesday night. Final score in OT: Blackhawks 2 Redwings 1. If you are a hockey fan you enjoyed a great game. Hats off to both teams. And to my brother who lives in Detroit: Time to pay…
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