Folks, with quadruple expiration taking place on Friday and the holidays just around the corner, this week is essentially the last week of the year to trade. On the one hand, we have portfolio managers who are underinvested. And on the other hand, we have books about to close for the year—there’s something of a [...]

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 [...]

Well, folks, what can I say? Today’s monthly jobs number: zero. The economy created no net jobs in August, and the unemployment rate is 9.1%. I’m disgusted. Mr. President, where are the jobs you promised us? Where is the economic recovery we were supposed to see? With all due respect for the office, you should [...]