A Sure Bet Gone Wrong
Fenway Sports Group is the parent company that holds John Henry’s ownership interests in the Boston Red Sox and the Liverpool Football Club. Last...
Time to Buy Gold?
It’s the question most frequently asked by customers over the last week: Is now a good time to buy gold? My answer is that...
Fairy Tales in the Fantasyland of Washington D.C.
Chuck Schumer, the liberal democratic senator from New York is out with some post-election blather on the fiscal cliff. Schumer and his liberal allies...
RIP Economic Freedom
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse...
Annuity Blimp Losing Air
When you get your insurance bill, you may not think insurers struggle to make money, but indeed some do. MetLife Inc. reported a third-quarter...
Market Finally Catching up with the Bad News
In June the Dow Jones Transports and the Dow Jones Industrials indices began to diverge. Dow Theory says that the transports lead the industrials,...
Banging the Beehive, Spoofing, and the Boston Zapper
This is not a market to play around in. Seasoned traders are getting burned. High-frequency traders are eating their lunch.
The high-frequency guys are juicing...
Housing Recovery: Your Best Investment Today or Already Overplayed?
Yesterday the Census Bureau released the September report on the number of Housing Starts and Building Permits. Both increased much more than expected—permits surged...
The Great Gold Bull Market
In the last five years the price of an ounce of gold has increased 131%. Easy monetary policies and the downgrade of many sovereign...
Jobless Claims Jive
The report on weekly initial jobless claims was released this morning to much fanfare. The number of new claims fell by 30,000 to 339,000,...