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, so far in today’s session, the markets are trading mixed. This comes after a run-up of around 80 handles in the S&P over the last three days that has helped to restore a little confidence. So, too, did a better-than-expected jobs number this morning—nothing to jump up and down about, but considering the obstacles [...]
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, as I write this, the yield on the 10-year is 1.7%, and the reason is because there is a ton of confusion out there in the marketplace. So much, in fact, that people are willing to go into a net-negative interest rate situation (at least for the short term) because of the uncertainty with [...]
Folks, for those of you who were enjoying your long weekend and not watching the market, yesterday there was a huge selloff in Europe. German markets were down about 5%, and our markets were catching up here this morning. Stocks opened sharply down, and gold is near 1900—emotion has found its way back into the [...]
Well, folks, what do you say after a day like yesterday? Watching the market drama in the wake of S&P’s downgrade of U.S. debt, I was reminded of something an old floor trader, Sam Shanker, said to me back when I was just a young punk at the CME. “When there’s blood in the streets,” [...]
Folks, I’d wish you a happy Wednesday, but after yesterday a lot of you might not be so happy. We saw quite a move to the downside in the markets—the Dow broke hard, and the S&P 500 traded lower for the seventh consecutive session. But I want to go on the record and say one [...]
Folks, I’m making my way out to fabulous Las Vegas, Nevada today for The Money Show, which is taking place all week. Joe Cusick, senior market analyst at OptionsXpress, sat in for me on this morning’s broadcast. I’ll be back behind the mic tomorrow for what has become the fastest and one of the most [...]