I provided you with the text to a daily letter that Richard Russell sent to his readers, and the outlook is bleak – he believes there are some major storms on the horizon and that we might not even recognize our country by year’s end. That’s some pretty heavy stuff [...]

One of the dumbest things that a trader can do is try to predict earnings, economic reports, or the Fed. It is total lunacy! Honestly, it is that home-run, “Make-Me-Rich”, something-for-nothing, greedy-for-gain, lazy attitude that causes so many to try to play this nonsensical game. One of the biggest temptations [...]

This is the time of the year in which Wall Street and Talking Heads are fascinated by predictions and outlooks on the coming year. I, myself, tend to ignore them and believe them to be outright foolishness. No one can say with any clarity or level of confidence what the market is going [...]

You all have heard me harp on this perverted idea being headed up by Congress called  “Let Wall Street Pay for the Restoration of Main Street Act of 2009” which would essentially bankrupt the brokerage accounts of every trader out there over the long run. Congress is proposing a tax [...]

Wasn’t planning on putting a new post out here this morning, but considering the circumstances, I thought I’d provide a few comments on what we are seeing here in the early going. First, I won’t be posting a watch-list this morning as the market is only open until 1pm today. [...]