Technical Analysis

An aerial view from an airplane

Finding Sunshine In All Types Of Weather

My instrument check ride was already scheduled when I got a call from Larry, my flight instructor. He told me to come out to the airport immediately, today would be one of the best learning experiences he could offer. It was a cloudy, soppy, rainy day; nothing going on, so I drove to the airport. […]

Is The Low Volatility Market At An End?

Is The Low Volatility Market At An End?

2019 can be roughly divided into two market regimes. There were periods of high volatility and market choppiness, notably in June, August, and early October. Then, there were the stretches of low and falling volatility – January through May and mid-October through the end of the year. It certainly seemed like January of 2020 was […]

This Wall Street Data Provider Is Set to Rally in 2020

This Wall Street Data Provider Is Set to Rally in 2020

So the President gets impeached and Wall Street treats it like one giant snoozefest. If someone told you a year ago that Brexit would finally get done and President Trump would be impeached, you’d probably assume that the markets would be going bonkers. It hasn’t. Instead, the stock market’s as calm as ever. Let’s look […]

Sorting Out the Few Good BDCs From the Many Bad Ones

Sorting Out the Few Good BDCs From the Many Bad Ones

Years ago, an Air Force Academy classmate and a close friend went on a rant about how he disliked the widespread use of jargon and acronyms in the Air Force. To this day, my memory can’t unstick “ficknip” (flight navigation and control panel), and I haven’t used one for over 30 years. The investing world […]

"The long and the short is we went long and got shorted."

The Bond Market Is Nuts!

The bond market is absolutely nuts – devoid of any common sense. Back in the days when professors used chalkboards, and actually taught classes, I studied Business Economics. We learned how capital and labor come together to produce goods and services, create jobs and profits. If capital was needed, you could borrow and pay interest. […]

Where are interest rates headed in 2020?

Where are interest rates headed in 2020?

One of the big questions for the financial markets as we head into the next decade is where are interest rates going as we kick off a new year. On one hand, the labor market is strong and stock prices are at all-time highs. On the other hand, many other economic indicators are showing a […]

What Lies Ahead Road Future Progress Words 3d Illustration

Are We Headed For A Market Crash?

I recently wrote “Most readers have felt … for some time, … things are just not right, yet so far, nothing horrible has happened.” Ron Paul’s recent article, Is The ‘Mother of all Bubbles’ about to Pop?, reinforces those fears: “When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets […]

Ground Hog Day Turns Into A Decade

Ground Hog Day Turns Into A Decade

It’s been three months since I took a break to deal with some cancer issues. As I began to catch up, it was Déjà vu…. Déjà vu… “The strange feeling that in some way you have already experienced the present situation.” Like “Ground Hog Day”, I’ve experienced the same warnings for the last decade. John […]