Happy New Year From Risk Reversal


Here's to a great 2012. Regular writing on the site will resume this week. Thanks for your patience with our reduced trading and writing during the Holidays. We are rested and ready to go for what … [Read more...]

MorningWord: 12/30/11


MorningWord 12/30/11: SO it all comes down to today........A year that saw a 20% plus range in the SPX and a 30 plus point range in the VIX all to have today decide whether the SPX is up or down for … [Read more...]

What’s The Story Morning Glory?


FT Chinese manufacturing activity declined for the second consecutive month in December but showed tentative signs of stabilising, according to a survey published on Friday. The HSBC purchasing … [Read more...]

MorningWord: 12/29/11


MorningWord 12/29/11:  Wednesday's early enthusiasm regarding Italy's debt sale didn't take long to wane as the DAX started to sell-off around the time of the U.S. open and closed at the lows of the … [Read more...]

In Between Days


Bloomberg Asian stocks (MXAP) fell for a third day, the euro weakened to a decade low against the yen and bond risk rose on concern Europe’s debt crisis will slow the global economy. Gold futures … [Read more...]

MorningWord: 12/28/11

Traders work on the floor of the New York Stock Exchange

MorningWord 12/28/11: Yesterday's action in the equity markets was anything but exciting, closing practically unchanged on the day on fairly light volume.  I guess the big news was the fairly sizable … [Read more...]

In Between Days


NYT WASHINGTON — A senior Iranian official on Tuesday delivered a sharp threat in response to economic sanctions being readied by the United States, saying his country would retaliate against any … [Read more...]

What’s The Story Morning Glory?


WSJ Market tone: Stock futures mostly flat; euro slightly higher against the dollar; Nymex crude futures up 36 cents at $100.04 a barrel. Overnight action: Sears to close 100 to 120 Kmart and … [Read more...]

MorningWord: 12/27/11


MorningWord 12/27/11: While I am kind of back to it (I still have a few slopes to get nasty on this week), I want to reiterate that this is not the sort of market that you want to dig your heels … [Read more...]

In Between Days


Reuters U.S. holiday season sales were expected to rise 3.8 percent to a record $469.1 billion, the National Retail Federation said, slower than last year's growth but stronger than its preseason … [Read more...]