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Capitulation Station


The Chief and Matty Weber discuss basic liberties, the NFL playoff race and the college football bowl picture. Joel Elconin of Benzinga talks markets. Robin Spitalny of PTI Securities & Futures rejoins the program to take a look at the retail sector. Kenny Polcari, Director of NYSE Floor Operations at O’Neil Securities and a contributor to CNBC shares his thoughts on the markets. Finally, Gregg Rzepczynski, Chicago attorney, is in-studio.

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Guests & Co-Hosts

Matt Weber

Matt Weber is currently the Executive Producer/Update Anchor for Stocks & Jocks. He is a diehard sports fan (Cubs, Bears and Bulls especially) and has worked for WSCR-AM 670 The Score, 120 Sports Network and Chicago Sports Webio while also appearing on Comcast Sportsnet Chicago. Matt has covered the Chicago Bulls, Chicago Cubs and the Chicago Marathon as a field reporter and has interviewed some of the biggest names in sports. Matt is a Chicago Bulls season ticket holder and currently lives in the Roscoe Village neighborhood on the Northside of the city. (more…)

Joel Elconin

Joel’s introduction to trading was in the Standard and Poor’s 500 Index futures pit at the Chicago Mercantile Exchange. Also, during his time at the CME, he was involved in Index Arbitrage as well as trading foreign currency futures and options. From 1994-1999 he was a proprietary trader for Olde Discount Corporation. Following his tenure at Olde Discount, he founded the Detroit office of Bright Trading, LLC. His responsibilities included trader recruitment, orientation and education as well as the day to day management of the office. He held this position office until 2003. Since 2003, Joel has been an independent trader researching and developing proprietary indicators and trading systems for the equities and futures markets. In 2007, Joel joined JC Trading Group as a Market Consultant and trading supervisor. He provides daily market commentary at www.premarketinfo.com. Joel obtained his Bachelor of Art in Political Science from the University of Michigan in 1985. Also, he is a graduate of the Chicago Mercantile Exchange Continuing Education Program. He also holds his Series 7 and 63 licenses and is a licensed real estate broker.

Robin Spitalny

VP, PTI Securities & Futures, LP

Robin Spitalny earned a bachelor’s degree in Business Administration from the University of Michigan in Ann Arbor, and an MBA from Northwestern University. She has over 40 years of professional experience in securities and financial services. Before joining PTI Securities, she traded on the American Stock Exchange and the Chicago Board Options Exchange (CBOE) for 13 years. She also has served as Assistant Treasurer at Pullman Inc. in Chicago. Robin is one of the original members of the “Council of One Hundred,” a mentoring organization for women undergraduate and graduate students at Northwestern University. Read more.

Kenny Polcari

In the realm of institutional financial services, Kenneth Polcari stands out as a go-to expert in starting up, turning around, and growing investment operations to consistent profitability and world-class service. His background in managing institutional relationships and directing trading strategies has given him the steely drive, inventiveness, and perseverance to prevail in the most volatile economic climates.

Currently Mr. Polcari is Director of NYSE Floor Operations at O’Neil Securities, Inc – the B/D division of Wm. O’Neil & Company out of Los Angeles, CA and represents the interests of global institutional asset managers that need to access the world’s equity markets. He is a Board Advisor/Markets Expert for The Integral Board Group and a speaker on behalf of The American College. Prior to this he was a Managing Director for 15 yrs at Icap Corps, LLC- a British based Inter-dealer Broker. Earlier in his career, Mr. Polcari served as Senior Vice President, member New York Stock Exchange and division manager with Salomon Brothers directing their NYSE Division during the heady bull market of the 1990’s. In addition to managing the division, he helped design an equity technology platform that automated and enhanced trading functions and significantly improved productivity. Mr. Polcari gained a reputation for superior management skills, client service and relationship building, as well as a savvy insight in risk mitigation.

Mr. Polcari has leveraged his superior communication and presentation skills and is a “CNBC Exclusive Contributor/Market Analyst”. You can find him giving market commentary from the floor of the NYSE across a range of their US programming including “The Half-Time Report”, “Power Lunch” and “Closing Bell” in addition to giving US market commentary to CNBC Asia and CNBC/Italy. In addition he is oft quoted in major print media outlets that include the WSJ, FT, Reuters and regional local and International publications.

He is an engaging public speaker that seeks to help the industry and the public understand current market structure and trends as well as institutional investment styles.  Topics include the Evolution of the U.S. Equity Markets & the Role of Technology, Rules And Regulations, Policy Initiatives as well as

The Impact of 9/11 on the U.S. Financial Markets.

Mr. Polcari received his Bachelor of Science in Business Administration, with a major in Finance, from Boston University. He holds FINRA Licenses in Series 7, 24, 27, 55, and 63.

Active in the financial community, he is as a member of the Security Traders Association (STA) and has served on its Trading Rules Committee. In addition he is a board member of the National Organization of Investment Professionals (NOIP), the Security Traders Association of NY (STANY) and the National Security Traders Association. Leadership roles include past president of the Independent Floor Brokers, former governor of the NYSE, former member of the Market Performance Committee, the Technology Committee, and the FACTS Program. He is also a supporter of a variety of charitable causes including the Members Handicapped Children’s Fund, The Headstrong Project, the Non-Hodgkin’s Lymphoma Society, American Cancer Society, and The Spaulding Traumatic Brain Injury Rehabilitation Hospital. He lives in Westchester County, NY with his wife – also a former member of the NYSE – and is the father of two daughters.

Mr. Kenny Polcari is a member and Director of NYSE Floor Operations on behalf of O’Neil Securities, Inc. representing the interests of institutional asset managers needing access to global equity markets. In addition to his role as an Adjunct Professor at the Boston Graduate School he is also a Markets Expert at Integral Board Group, LLC. His decades long experience in the equity markets and his position on the floor of the exchange gives him and his clients a unique view of the daily market action.  Mr. Polcari is a veteran equities trader, a CNBC exclusive contributor / market commentator appearing across a range of CNBC Global programming, an engaging speaker and champion of the U.S. capital markets and can be found working with the financial media, industry conferences and investor events helping public audiences understand the markets.  In addition to CNBC – media highlights have included Bloomberg, CNN (domestic and international), ABC, Fox, Reuters, AP, BBC, WSJ, Financial Times, Yahoo Finance.  Additional international credits include Der Spiegal, China Business and RAI.  He is well known for his daily boots-on-the-ground market analysis.  Every morning, Mr. Polcari publishes a large-audience newsletter starting with insights on the day’s market action and ends with a recipe to serve the mood of the markets.  Earlier in his career, he served as Managing Director at ICAP Corps, LLC and was Senior Vice President, member New York Stock Exchange and division manager with Salomon Brothers directing their NYSE Division.  Mr. Polcari graduated from Boston University School of Management with a BS/BA degree with a concentration in Finance.  He is a frequent lecturer on topics such as the Evolution of the U.S. Equity Markets & the Role of Technology, Rules And Regulations, Policy Initiatives as well as The Impact of 9/11 on the U.S. Financial Markets.

Gregg Rzepczynski

Gregg Rzepczynski is a Chicago attorney and partner in the soon-to-be-launched marijuana dispensary, “420 Windy City”, located in the Rogers Park neighborhood on Chicago’s north side.

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