This Too Shall Pass Over

This Too Shall Pass Over

It seems that there is a deal in place to open the way for tiny, corrupt Cyprus to receive several billion Euros from larger, not corrupt European countries. It hardly seems like something really worth celebrating, but there you go. European and Asian markets are all...

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Update (10:40 CDT)

Update (10:40 CDT)

Wow!!! Forget a race to new highs! Some two hours after the opening the S&P is down four and a half points and the Dow down 70. I know I just talked about the foolishness of using headlines to explain market moves but I want to mention something here. When one...

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Volatility with a Capital V

Volatility with a Capital V

We are off to the races again! A mere 15 minutes after the opening the Dow is up 85 points. Forget Cyprus, European banks, Iran, North Korea, this is America and it's Party Time! Buy until your head falls off! Let's talk about volatility and in particular the exchange...

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Skew me? Skew you!

Skew me? Skew you!

Cyprus news seems to be getting worse. Banks still closed, the ECB is issuing ultimatums. Ridiculous, isn't it, that such a tiny country can cause such disruption in world wide markets. I believe that it's really about exposing the deep structural flaws in the...

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Talk about resilient!

Talk about resilient!

What can I say? I'm impressed. Despite yesterday's shocking news about the flawed Cyprus bailout the market came back from Dow minus 109, touched positive territory briefly and then sold off some to close 62 points lower at 14452. At this writing (8:45 CDT) the Dow...

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Market Commentary

Sometimes social/political stuff thrown in for good measure