Today is the last trading day of the year, and folks, this has been one of those years where you just have to sit back, take a deep breath and be glad that it’s over. If I had told you that we’d go through what we’ve gone through—the tsunami/nuclear disaster in Japan, the Arab Spring, [...]

Folks, as I’m sure you’ve seen by now, we are in the midst of a power move. The markets opened with a bang this morning, and early in the session it’s shaping up like it could be one of those days where we close 500 points higher in the Dow. I’m calling this a melt-up [...]

Folks, it appears like we’re on the verge, once again, of a Greek bankruptcy or default. I still maintain that this does not portend a breakup of the European Union. A default in Greece would be roughly the equivalent of, say, California or New York City going bankrupt—we’ve seen municipalities and states default before. Dysfunction [...]

Folks, last week I told you to look for hints that Germany would come to the rescue of the European Union, and today we got another one. The German Constitutional Court has upheld the legality of bailout packages for member nations stricken with debt. That’s good news for European banks that are holding that Greek [...]

Folks, as you may have heard, there was some good news out of Germany earlier today. Chancellor Angela Merkel approved giving new power to the European bailout fund—what they’re calling the European Financial Stability Facility. It still has to get through parliament, but it’s a baby step. This measure certainly isn’t going to end the [...]

Folks, yesterday the Fed came out and basically said they’re going to keep interest rates pegged for the next couple of years. As I predicted on yesterday’s show, they aren’t calling this “quantitative easing” per se, but that’s exactly what it is. So I’ve decided give it a name for them: QE Incognito, or QEI [...]

Folks, the earnings reports keep coming in and corporations keep on beating the Street. GE, Chrysler, Xerox, Verizon and McDonalds are just a few of the companies that topped estimates, much to the delight of the market. Caterpillar missed by a just a little, but by and large, corporations are reporting very good profits. While [...]

Folks, looking at the market today, I see some good news and some bad news. Which do you want first? Let’s start with the bad news—that way, we can end on a positive note going into the weekend. Sound ok? The Bad News: European Debt Crisis This debt problem in Europe continues to be an [...]