OK, Now What!?

Well, don’t panic, for starters. Besides, if you have been paying attention to this column over the years you have downside puts as protection. But, let’s say you don’t and seeing your stock portfolio in meltdown is freaking you out. Perhaps you could take advantage...

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Currency Options

With the dollar in freefall (thank you, Donald Trump), I thought I'd talk about options on currencies. Just as there are options on stocks and indices there are options on currencies. As everyone knows, currencies fluctuate, often wildly (as now). And options are a...

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Greetings From The Land of Brexit

A Happy and Prosperous 2018 to all here! I am writing this from the ancient university town of Durham, in North East England. We are here until the end of March because my esteemed wife is a Fellow at the Institute of Advanced Studies here at Durham University.  The...

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Farewell For Now

This will be my last column for 2017 and perhaps for longer than that. Beginning January 1st my wife and I will be living in Europe for the next 7 months. The first 3 months will be at the University of Durham in the UK where my wife will be Fellow at The Institute of...

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The Greater Fool Theory

That is more or less what I think about Bitcoin. Somebody stupider than you will buy  it and look for a greater fool. But, hey, I am glad that there is now a regulated exchange for which to hedge one's bets or hedges. I strongly beleive in a regulated options and...

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Feeling A Little Altitude Sickness?

I know I am as this incredible Bull just keeps powering north. As a political aside, I don't see why this gawdawful tax bill is so damn bullish. Sure, it cuts taxes on corporations and the uber wealthy but it will absolutely explode the deficit (remember when...

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Market Commentary

Sometimes social/political stuff thrown in for good measure