Early in today’s session, Best Buy’s stock price is getting kicked around on reports that their third quarter earnings fell by 13%. My co-host Sara Ritz, aka the Market Belle, mentioned on the show this morning how she wasn’t surprises at all about Best Buy’s miss. After all, their stores have essentially turned into a [...]

Today is flip-flop day. I’m not talking about shoes you’d wear to the beach, I’m talking about the day when the front month of the S&P futures contract moves from December to March. Any of you who are players in the futures market on a day-to-day basis know that on flip-flop day, there’s a lot [...]

Well folks, Jon Corzine, former New Jersey governor and head of MF Global, made what in our world is called a bad trade. He bought the PIIGS and sold France against it, essentially doing to Man what he did to the Garden State. Only this time, there is no Chris Christie to come to the [...]

Folks, I’ve been saying for weeks now that the market has been mispriced, and as more and more earnings reports surface, we’re seeing the proof in the pudding. Look at Ford. Boeing. These are hot numbers coming out at a time when a lot of people were concerned we were going to see a slowdown. [...]

Folks, many years ago Mark Haines, the late, great CNBC anchor, gave me the nickname the Optimistic Armenian. I bring that up because as I look at the continuation of Friday’s rally early on in today’s session, I’m seeing a lot to be optimistic about. Last week I told you that if we were able [...]

Folks, there are three distinct factors that are driving these markets right now: earnings, Europe and China. Let’s break it down, shall we? Earnings. I’ve talked a lot about the lowering of expectations for corporate earnings and how they might have gotten too low over the course of the last couple of months. I also [...]

Folks, Alcoa is scheduled to report its Q3 numbers after the markets close today, unofficially kicking off earnings season. I mentioned yesterday how I believe that another 2008 has been unnecessarily priced into things, so I’m excited to see just how much the lowering of expectations will cost the market as far as the price-earnings [...]

Well, folks, what can I say? The Europe situation is front and center again, and a plunge is taking place in both the markets here and across the pond. The political problems are resurfacing, and they cannot get to the point they need to get to, which is a Greek default. Today will be a [...]

Folks, now that quadruple expiration is behind us, we’re entering into what I’m calling the beginning of the end of the quarter. These next couple of weeks will have a direct effect on what happens through the end of the year, and could also give us a glimpse of where things might land in terms [...]

Folks, I’ve been around a long time, and I’ve learned that there are traders’ markets and there are investors’ markets. As the nervous condition continues and the aftershocks from Monday’s pullback are compounded by problems at European banks, this market environment has become unsuitable for traders—you simply cannot properly manage risk when there’s this kind [...]