Folks, I’ve received a number of emails in response to  my post last week about what to do if you have an MF Global account that’s been frozen. I wanted to take this opportunity to reiterate that I’m a former board member at the Chicago Mercantile Exchange and I know this world very well—if you [...]

Folks, I’m making my way back to Chicago today after taking part in yesterday’s Biz 880 Miami Money Expo. Big thanks to Bull & Bear Institute, Currensee, Daniel “The MoneyMan” Frishberg, Charles Schwab and everyone who came out for making the event a rousing success. All the presentations and breakout sessions on stocks, futures, real [...]

Well, folks, we had a nice firm opening this morning after yesterday’s Greek-inspired selloff, and it feels like at least some of the fear may be behind us. The bounce today is important—it will tell us whether we’ve weathered the storm. Don’t read too much into it unless it continues into the afternoon, because this [...]

Folks, there is global selloff taking place, and I have to tell you, this one caught me by surprise. I’m usually the one waiting for that thing that comes out of left field, but I definitely didn’t expect this. Right now, it’s looking like all bets might be off for that year-end melt-up scenario I’ve [...]

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, we’re coming up on the end of what has been an exceptionally strong month. In the last few weeks, we’ve seen tremendous moves in equities—the Dow shot up more than 9%, the NASDAQ more than 11% and the S&P more than 10%. After a run like that, we want to see the market stop [...]

Folks, I’m always on the lookout for that news story that comes out of left field that could, in some way, hit the markets. Yesterday, I believe I came across one. Around 1pm CT, it came out that a group of U.S. solar-equipment companies were filing a complaint with the government saying that Chinese solar-panel [...]

Folks, while we’ve seen the market moving almost straight up over the last eight or nine sessions, it still seems like it’s trying to figure out what’s next. In the S&P, we’ve tested the upper end of the range, up around that 1215 level, but have yet to penetrate. And if you were to overlay [...]

Futures Friday Folks, as I mentioned earlier this week, futures contracts expire on the 3rd Friday of every month, which makes today expiration Friday. Today is what we call a serial expiration—that’s a monthly expiration as opposed to the four big quarterly expirations that take place in March, June, September and December. Even though this [...]

Folks, I received a number of emails asking about my move around silver during this correction, so I’m going to talk in a little more detail about the constructive hedge I made. Not because I’m trying to show off, but because if I were going to write a textbook, I couldn’t come up with a [...]