Well, folks, how are you enjoying this volatility? I told you at the beginning of the week to expect quite a bit leading up to Jackson Hole today, and that prediction certainly has come true. Today is the day when all the central bankers gather to talk markets and monetary policy. This conference probably used [...]

Folks, prepare yourselves for another week of volatility. Markets historically sleep in a little leading up to Labor Day, and complicating things further is the big financial summit at Jackson Hole on Friday. This conference is huge: Last year, the Fed chair announced his QE2 stimulus plan there, and the markets are already anticipating something [...]

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, 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 [...]