I ran across a great article on Bloomberg this morning about the relationship between U.S. equities and the Euro. Turns out that the correlation is pretty strong, and has increased substantially this year. According to their numbers, the Dow and the Euro moved in the same direction 72% of the time in 2011, compared with [...]

Well, folks, we didn’t quite make that 500-point gain in the Dow yesterday, but we did see one of the biggest moves in equities in quite a while thanks to that perfect storm of events, capping off what appears will be a very, very big month. I was looking at some numbers, and if we [...]

Folks, after nine straight sessions of gains and an 11% move in the S&P, the markets are in the red this morning on news from—you guessed it—Europe. Germany once again lowered expectations on finding an end to the European Union’s debt crisis, saying that a summit of European finance leaders wouldn’t be likely to produce [...]

Folks, it’s a happy Wednesday indeed when everything once again opens up in the green. This little rally we’ve seen over the last couple of weeks is really creeping up on people. What’s behind the rush to risk? As I see it, it’s two things. The first is Europe, where there’s finally a perception that [...]

Folks, today is quadruple expiration, the day where contracts for stock futures, index futures and options expire. I’ve been talking all week on the show about how, in addition to what’s happening in Europe, this expiration phenomenon also has an impact. So, why is it important? There are literally hundreds of billions of dollars sitting [...]

Folks, if you’re thinking about anything besides what’s going on in Europe these days, you’re missing the picture. I’ve said before that I don’t think the EU will break apart, but I do believe that we’ve gotten to a point where we need the other shoe to drop. And that shoe is a Greek bankruptcy. [...]

Folks, I’m 50 years old. I’ve been around a bit. I know a campaign speech when I see it, and last night, when the president unveiled his latest plan to create jobs and boost the economy, it was the official launch of his reelection campaign. They even moved it up so Americans wouldn’t miss the [...]

Folks, the bottoming-out process is messy. It’s ugly. And it can be very painful. For Exhibit A, take a look at what we’re going through right now. But if you’re a long-term investor with strong nerves who can be cerebral in times where emotion has clearly taken over, these are the times that can end [...]

Folks, Howard Marella, president of Index Futures Group, called in to the show this morning to talk about the move that corn has been making. Like a lot of traders, farmers and hedgers, I’ve had my eye on this story for the last week or so, so I was thrilled to be able to have [...]

Folks, everyone on business TV has been going on and on about how the deficit and the debt-ceiling story are behind this 7-day losing streak for equities. I’m here to tell you that they’re absolutely wrong. This weakness is not tied to the debt-ceiling indecision. How do I know that? Because of what’s going on [...]