The Machines

Posted on Sunday, April 19th, 2020

As a trader on the street we were trained to be contrarians – to be vigilant in avoiding the consensus. The consensus since March 23rd has been that the lows in the market were going to be tested and that investors were confident that they were going to be buyers when that time came. This… read more.

Back to Business

Posted on Sunday, April 12th, 2020

 A call option is a contract that gives the owner the option to buy assets at an agreed price on or before a particular date. The stock market is trading like a call option. The Federal government has added trillions in liquidity including payroll protection for 130 million Americans. They are supporting payroll for a… read more.

Feeding the Beast

Posted on Sunday, March 29th, 2020

  Every bottom has a bounce. Every bounce isn’t a bottom. – Mike Santoli  What a bounce it was!! While we all enjoyed the bounce this week we are under no illusions that we now in the midst of a new bull market. The largest up moves are usually in bear markets. It shows the… read more.