In a post from about 3 weeks ago (Wed Feb 14, 2007) entitled “All Clear Ahead” I recommended going long the Nasdaq-100 Trust in the form the Jun07 $43 calls (QQQFQ) which could be had at the time for $3.10…
Melissa Ouch, a financial planner in Glenview, IL says that parents tend to make the mistake of prioritizing college savings over more important issues such as life and disability insurance and retirement: To help them prioritize, Osuch has a formula:…
PNC Financial Services Group recently conducted a survey of affluent children and their parents. Here were some of their findings: 73% of teens said they feel a strong sense of responsibility to wisely manage money they receive from their family 25%…
Today was one of those days that causes people to sell all their stocks and swear off the stock market forever. It was the worst day for the market since the re-opening after the Sept 11, 2001 terrorist attacks. At 3:00pm…
Before the open of the market yesterday (Wednesday) The Labor Department announced (subscription required) that core inflation (“core” excludes food and energy) increased .256% from December to January. Core prices were 2.7% higher compared with last January. The Fed’s desired…
Puts Calls Put/Call Ratio February 117,646 134,162 .88 March 236,974 160,127 1.48 April 43,401 9,966 4.35 Source: Scottrade, as of approx. 3:00pm EST What this tells us, I think, is that there are still alot of bears out there. Even though options buyers are…
In his semiannual testimony before Congress which began this morning (Wed) at 10am EST Fed Chairman Ben Bernanke said that he is comfortable with current interest rate levels and that the factors contributing to inflationary risk appear to be waning…
A starting point for becoming knowledgeable about business and finance is simply to read The Wall Street Journal everyday. If you just do that, you’ll find your knowledge and understanding growing all the time and you’ll be way ahead of…
I believe Barry Hyman, equity market strategist at EKN Financial Services, gets it right when he says technology is “going to hold the key to the near term direction of the markets” (subscription required). And I think technology also explains…
Our S&P 500 calls (Jan07 $137) expired last Friday. I closed them out in the last hour of trading on Friday for $5.90 – (I forgot to give the instructions to do so here on the blog for which I apologize)….