The New Year

“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.”-Winston Churchill Amateur night is almost upon us as people form all corners of the world will try and  channel positive karma and hope for the new year. It’s just a date on the calendar, truth is we can all change…

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2012 Predictions

OK, it’s time to channel my best Kreskin and make some predictions. I think when we look back at 2011, our richest memory will be that Coca-Cola came in a white can for a few weeks. I think the Myan calendar says we will have World War 3 sometime in December of 2012 and Nostradamus…

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Monday Update 12/26/11

{+++} Hi guys, I hope you all had a restful weekend with family. I will resume the Sunday video next weekend. I didn’t trade on Friday and it felt more like a week than a day. The S&P finally managed a close above the all important 200 day moving average. The most important level to…

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Jobs The Joker

The note above is what an advertising agent said about Jobs and Wozniak in 1976. He wrote that were were “jokers” and “flakey”. The agent now mumbles gibberish under an overpass on Ventura Highway. $AAPL Full piece here.

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The Wrap 12/21

{+++} It’s a really tough call on this market right now. Volume isn’t there and the machines can do pretty much whatever they want. It’s very easy to push around an illiquid market. Most traders have put it in the books for the year. The really bad news seems to have subsided, at least until…

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Morning Note

{+++} There wasn’t necessarily and big news yesterday other than a Spanish bond auction that went well. The market exploded higher at the open, then coiled bullishly for most of the day. In early morning trade today the ECB announced that they will open up some liquidity to the European banks. The euro (and our…

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The Wrap 12/19/11 Q&A

{+++} I wanted to spend a little time answering some questions from you guys as it never hurts to rehash. These are some questions that I have received over the last week or so and hopefully it will help everyone. Q-Why don’t you usually trade the first hour the market is open? A- I am…

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About Those Pundits

I had a better shot at winning Powerball than being long Venezuela and short Greece this year. If you were, I bow at your altar. Those that make long term forecasts are paid to take up our time, those that listen, deserve what they get. Bulge bracket firms need to justify their existence. When they…

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