Monday, January 4, 2010
As we prepare to enter 2010 it’s reasonable to think ahead and wonder what the year holds in store. Since the start of this newsletter in 1972 I have published a year end forecast issue with specific recommendations and a long term outlook for the coming year. I will break with tradition [...]

Tuesday, December 29, 2009
As you know all too well, governments the world over have backed themselves into a debt corner. In an effort to “save” economies and the banking system from collapse they have opted to take a “cure” that is essentially similar to the disease that caused the problems in the first place. Whether [...]

Monday, November 30, 2009
If you have been trading the stock or futures markets or even if you have only been watching the markets then you know that the day to day and intra-day volatility have been massive. You may think that the volatility and extreme moves are a function of underlying economic conditions. You may [...]

October Seasonality Reviewed
One of my best and most consistent trading tools is seasonality. Like it or not, seasonality is a true and underlying force of major significance in virtually all-free markets. While some analysts and traders discount the value of using seasonals as part of a trading strategy, I believe that in so doing they [...]

Monday, August 17, 2009
There has been much talk in recent weeks about the practice of “high frequency trading”. The revelation that large traders and hedge funds have been engaged in this practice has angered many traders and it has, of course, promoted a variety of probes and investigations into the legality and indeed the ethics [...]

Monday, August 10, 2009
The economic events of last few years will be discussed and debated in history books, scholarly papers and articles for many decades to come. As in the case of all major historical events they will likely be rewritten and distorted as a function of who is looking at them and the underlying [...]