Blog Archives
This Island Earth
May 10, 2010
Good morning. Wild and down market last week, with the SPY closing down 7.55 (or 6.4%) to close at 111.26. The VIX spiked up 85% to close at 40.95, signifying that the cost to protect positions had risen dramatically, and actually closed Friday night very close to the high. In addition the market had a nightmare day on Thursday, with the markets spiking down and coming virtually unglued for a brief time in the afternoon. Investigations are abounding, and should show that the entire market structure needs to be looked at very strongly and honestly, but I am not holding out any hope for real reform.
General Motors
June 1, 2009
Good morning. A powerful advance last week in the market, with the S&P running Friday on the close to finish up 3.9% on the week, moving from 89.02 to 92.53. Continual upward moves in oil and other commodities are fueling the rally, as evidenced by the XLE being up 6.3% for the four-day week. Depending on your point of view, the increase in oil prices is an indication of a start to the recovery or an amazing example of the power of OPEC and the oil companies to hoard and store oil for the purpose of driving up prices.
Diversification Is Not Enough
May 27, 2009
My brother, Dan Haugh (President of PTI Securities) just had an article published in the 2009 June Issue of Stocks, Futures, Options (SFO) Magazine entitled Diversification Is Not Enough.
Read it here: http://www.sfomag.com/article.aspx?ID=1363&issueID=c
Do you agree with this theory of investment? Your comments and thoughts are welcome.
Also, FYI – PTI Securities will be hosting another complimentary 3-Hour Protected Index Program Seminar on Saturday, June 20th, 2009 from 9:00am – 12:00pm at PTI’s Downtown Chicago Office. Dan and I will be outlining the strategies of our successful managed money program. For details and to register visit www.PTISecurities.com/PIPclass.htm – I hope to see you there!
Will it Take a Musket Some Day?
March 16, 2009
Good morning. A whole different tone in the market this morning from prior weeks, with the stock market staging a significant rally last week. Last week the S&P was up $7.17, from a close on March 6 of $68.92 to a close last week of $76.09, a gain of 10.4%.