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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.

Time

Posted on Monday, March 23rd, 2020

At the bottom, stocks will be cheap and no one will care.”  – Bob Farrell Merrill Lynch Analyst The value of time. We can’t make more of it. We can’t buy it. T. Boone Pickens, legendary investor and oil wildcatter, gave a graduation speech at his alma mater. In it, he said he would gladly exchange… read more.