The markets trade in anticipation of the following week’s plethora of economic announcements, employment numbers, and political uncertainty. This uncertainty was most obvious in the measurements of implied volatility in the different equity indexes. The VIX was nearly 18% in light of this uncertainty. The S&P 500 was down 5…
I am Sam. I am Sam. Sam I am. That Sam I am. That Sam I am. I do not like that Sam I am. In case it’s been a while since you read these words you could have pulled up a blanket and chair and curled up next to…
On Wednesday the Fed announced it would not begin tapering yet. This sent the S&P 500 (SPX), the NASDAQ 100 (NDX) and the Russell 2000 to new highs. Gold responded with a healthy push upwards and bond yields retreated. The Committee’s statement said “The committee decided to await more evidence…
Well, old EF Hutton doesn’t talk anymore because he is long gone. But Big Ben did talk on Wednesday and the markets listened and liked what they heard.
The bull is back – so the prognosticators say. The bull was never gone. Over the past 18 months we have heard multiple iterations of the refrain “Is this the end of the bull market?” Not yet. Two underlying reasons are mentioned as reasons for the return of the bull. …
When faced with two or more choices of which options to trade, one why way to evaluate is based on “dollar delta”. Dollar delta is how much delta I can buy or sell for a given amount of money.
The Prepared Mind: September 9, 2013
When I was a kid and we were playing a pickup game of football in the neighborhood, every once in a while someone would get hurt. No big deal. Just part of the game, especially when playing tackle football without any kind of pads. Whenever that happened, sometimes the winning…
The week’s focus moved from the Red to Syria. Stocks dropped for the third week in August. August’s decline was the biggest for the market since May 2012. The focus last week shifted from the Fed to Syria. Remarks by Defense Secretary John sent the market downward on Tuesday. The…
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