Tag Archives: USO

It’s All Swiss To Me

It's hard to believe only a week's time has transpired since the markets opened for trade on Monday.  Speaking of Monday, the markets are closed this Monday, what better time to start doing all those things you promised yourself you would do in 2015.

This is perhaps the most exciting week we've had in the markets since the announcement that Tim Giethner was going to run the Treasury and oh boy was that ever exciting.  There is no better way to maximize the affect of asset price moving events than to announce them on the day when every option and futures contract on the planet is set to expire. (cue the sarcastic grunt here)

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The Recap – Currency Chaos

Today, if you were up at 4:30am, you were able to witness the biggest currency move in the history of man.  Like an 18 year old heading off to college for the first time, the Swiss Franc was set free.  Anyone whose been to college knows what happens next.

2,000 PIPS is a term normally utilized over a span of years, much like the DJIA rose 3,000 points that year, or the S&P 500 was up 14% in 2013.  Currencies just don't move 15% in seconds.  Just like the price of bananas doesn't jump 100% on your trip to the register to pay for them.

But we are slowly coming the grips with the nasty side affects of Central Bank manipulation.  

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Tuesday Morning Reads – 1/6/15

Stock futures are recovering from their sharp decline yesterday, which was the fourth straight down day for the markets.  2015 is off to a terrible start, and many think that this is a sign of things to come.  A bear market?  The talk of one is back again.  Last August and October were supposed to be the start of a new bear market.... those calls didn't work out too well.  It's a new year, what better time to wipe the slate clean of previous failed market calls than a few days into 2015.

Here is what I am reading this morning:

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