Folks, many years ago Mark Haines, the late, great CNBC anchor, gave me the nickname the Optimistic Armenian. I bring that up because as I look at the continuation of Friday’s rally early on in today’s session, I’m seeing a lot to be optimistic about. Last week I told you that if we were able [...]

Folks, it’s a happy Wednesday indeed when everything once again opens up in the green. This little rally we’ve seen over the last couple of weeks is really creeping up on people. What’s behind the rush to risk? As I see it, it’s two things. The first is Europe, where there’s finally a perception that [...]

Folks, in addition to being T+3 settlement day, it’s also the beginning of Rosh Hashanah. Things will probably slow down later in the day as Jewish traders on the East Coast leave early to celebrate the high holiday. Expect a flurry of activity early and then a slowdown toward the end of the session. All [...]

Folks, if you’re thinking about anything besides what’s going on in Europe these days, you’re missing the picture. I’ve said before that I don’t think the EU will break apart, but I do believe that we’ve gotten to a point where we need the other shoe to drop. And that shoe is a Greek bankruptcy. [...]

Folks, every earthquake is followed by aftershocks, and we are definitely experiencing one this morning. News about a German bank having trouble paying off its counterparty risk has caused the European markets to shoot all the suspects. Big financial institutions in Germany, France and throughout the Eurozone are getting clobbered, which has in turn driven [...]

Folks, Howard Marella, president of Index Futures Group, called in to the show this morning to talk about the move that corn has been making. Like a lot of traders, farmers and hedgers, I’ve had my eye on this story for the last week or so, so I was thrilled to be able to have [...]

Folks, when you’ve been watching markets as long as I have, you start to notice some patterns. One of those patterns is that when a market wants to go up, a lot of times it will open lower and grind its way higher throughout the course of the session. As you know, we’ve seen three [...]

Folks, today I’m making my way back from The Money Show in San Francisco, where I’ve been catching up with my friends at Bull & Bear Institute and Investor’s Business Daily. It’s been a great time, and I’m definitely looking forward to the next event, which will be in Chicago in October. More details on [...]

Folks, I told you this the other day, and I’m going to say it again now: Relax. Don’t get caught up in what’s going on in these markets. When we have a 500-point day like we did yesterday—not to mention the wild ride we’ve already been on early in today’s session—we know that emotion has [...]

Folks, welcome to the new rally! As I write this, prices are spiking all over the world. The strength we’re seeing is a result of today’s ADP report, the jobs number that precedes the big monthly employment figures that will be released tomorrow. According to the report, the private sector added about 157,000 jobs in [...]