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, as I mentioned yesterday, the end of the month and the end of the quarter can be tricky times. There is a lot of activity going off this week—much more so than normal—which happens to coincide with a market that, in my mind, is still underinvested. All that scared money on the sidelines needs [...]

Folks, we talked a little yesterday about T+3—how it takes three days after a trade to settle on stocks. I bring it up again today because there’s a trade developing that’s related to this T+3 phenomenon. As you know, every now and then an index will change its composition—a stock will be added and one [...]

Folks, as we jump into a trading week in which there isn’t a lot of data coming out, we’re seeing a market which seems like it may be a little tired. We’ve got an S&P that’s down below that critical 1300 level, continuing a 5-week slide. We’ve got a dollar that’s all over the place. [...]