In a speech delivered to the American Enterprise Institute in late 1996—in the middle of the formation of the dotcom bubble of the 1990s—then Federal Reserve Board Chairman Alan Greenspan coined the term “irrational exuberance” to describe an illogical optimism about the economy that was pumping up stock prices well beyond any reasonable level. History shows that he was correct, … Read More
The wind of change is blowing…
Yesterday’s AXA settlement could represent a new direction in SEC regulation and oversight.
SMB Morning Rundown – February 4, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning Thoughts 2/4/11
Morning Thoughts 2/4/11
Traders Ask: Sizing
Hi Mike, just finished listening to your SFO seminar. I also finished your book last week. I can’t tell you how grateful I am for the abundance of trading lessons you provide on your blog. I have written you once in the past and you were generous to give me a timely thoughtful response. I have a few questions. Thxs … Read More
SMB Morning Rundown – February 3, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Morning thoughts 2/3/11
Good morning traders, From my morning note for Waverly Advisors on US Equities: We have been surprised at the strength in equities over the past week; the word “resilience” shows up in our writing and our thinking time and again. Yesterday’s consolidation above significant resistance is consistent with a market that wants to go higher. This brings us to an … Read More
“Going to School” on Experienced Options Traders
This blog entry is the introduction to a series of posts about common mistakes made by options traders and how to avoid them.