It has been a terrible year for stocks, and it has been a terrible year for bonds (just look at the chart below). In fact, save for energy, oil and a few outliers, most of the market this year was downright ugly. Fortunately, today is the final day of the year, and optimists are hoping

It has been a terrible year for stocks, and it has been a terrible year for bonds (just look at the chart below). In fact, save for energy, oil and a few outliers, most of the market this year was downright ugly. Fortunately, today is the final day of the year, and optimists are hoping

Don’t throw the past away You might need it some rainy day Dreams can come true again When everything old is new again –Peter Allen, “Everything Old Is New Again” We are about to turn the page on another year, which means out with the old and in with the new. Yet sometimes in markets,

Every year about this time, you see all sorts of articles about the “top stories” during the previous 12 months.

Everyone knows 2022 was a tough year for markets, but, as the cliché goes, “When the going gets tough, the tough get going.” Now, if you know me, you know I abhor clichés. But in this case, I am falling back on the adage, because although this has been a tough market to be long

I’m not one to believe in magic But I sometimes have a second sight I’m not one with a sense of proportion When my heart still changes overnight –RUSH, “Presto”  It is bitter cold throughout much of the country, as an arctic storm blast has swooped in to take a bite out of the holiday

It’s now bitterly cold throughout much of the country, as an arctic storm blast has swooped in to take a bite out of the holiday season cheer. Ironically, that bitter cold is a fitting metaphor for the markets, as the arctic-like selling blast this week put the brakes on any still-lingering hopes for a Santa

I’ve heard newborn babies wailin’ like a mournin’ dove And old men with broken teeth stranded without love Do I understand your question, man, is it hopeless and forlorn Come in, she said I’ll give ya shelter from the storm –Bob Dylan, “Shelter from the Storm” These days, it seems like there are storms everywhere.

There are only a few more days until Christmas, and while I hope you have completed your holiday shopping, I suspect that you still may have a few names you haven’t crossed off your list yet. Hey, I know gift giving can be difficult, as it is often hard to find the right present for

For most of the year, markets have been on anything but a “sugar high.” In fact, the more appropriate metaphor for this market is that stocks have suffered from a case of hypoglycemia. Now, this morning we saw a nice sugar high in the value of our latest call options position in pharmaceutical firm Catalyst