The Fiscal Cliff is the whole story.  The real question is whether this was short covering or ‘real’ money being put to work. . I had been telling people that this is how the sausage is made…like it or not! The fiscal cliff had to be resolved one way or another…And now that it’s partially behind us, [...]

The big story for today is the persistence of this ‘creeper’ rally in light volume and the huge move we have witnessed over the course of the last 3 weeks in the 10 Year Note.  Equities are now at near term highs and within a few points of hitting a new high for the year…heck, [...]

Terry, I love the futures industry!  I find myself as one of the truly blessed people who have had an opportunity to be in every aspect of the business: Broker, trader, CEO, BOD of CME Etc…I know you, and many on the BOD of the CME Group, feel the same as I do.  The business [...]

Not being invested in equities right now is one of the “most dangerous” things to do, according to Jack Bouroudjian, CEO of Bull and Bear Partners, who believes U.S. companies will beat Wall Street’s estimates for second-quarter earnings. AP Corporate America is “richer than ever before” and consumers have more disposable cash because ofrecent lower [...]

I love the ‘Lowering of Expectations Season’ which precedes the release of corporate earnings. It gives those of us who are bullish the ability to use market needed drawdowns – such as the 4% pullback we experienced – as a way to add to profitable positions and shake out the weak longs. For the last [...]

From the time Christianity was introduced to the people living in the region known to historians as Armenia by the apostles Bartholomew and Thaddeus in the 1st century up until 1915, Christian Armenians built and worshipped in churches all throughout present day Turkey. Armenia was the first Christian nation adopting the religion in 301 AD. [...]

Remember when paying ones taxes was seen as a civic duty by society?  It was looked upon as the necessary evil in order to maintain the American way of life, at least that’s what I was taught to believe.  I was brainwashed into thinking that the role of government was to do what the people [...]

Cheney: The Genius of Our Society Is Our Economy October 4, 2011 This morning I had the great honor to speak with former Vice President Dick Cheney about his life in politics, which also happens to be the subject of his new book, “In My Time: A Personal and Political Memoir.” To hear more from [...]

Obama’s Latest Target: Unemployed Americans October 4, 2011 Last month, my fellow Chicagoan sent to Congress his latest misguided plan to bolster the U.S. economy. In his speech announcing the American Jobs Act, the president declared, without equivocation, that the bill was all or nothing.  “No games. No politics. No delays,” he said, adding that [...]

In the decades that followed World War II, Keynesian theory was the widely accepted economic tenet of the day. As such, it was believed that recession and inflation could not occur simultaneously—it simply didn’t make sense.  But in the 1970s, during the dark days of Jimmy Carter, economic growth stalled and inflation skyrocketed. The world [...]