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Stimulus Scenarios

May 31, 2011


LAST CHANCE TO REGISTER: I invite you to register for our In-Office Protected Index Program Seminar on Saturday, June 11th, 2011, from 9:00am – 12:00pm. My brother Dan and I will be presenting the strategies of the PIP. This is an informative no-pressure session. Even modestly funded accounts benefit from this long-term money management program. It is free but you MUST register to attend at  PTISecurities.com/Education.htm or by calling Sarah at PTI Securities toll free at 800.821.4968. I hope to see you there!

Good morning. The market rallied back last week to finish virtually flat, the SPY finishing down .10 to finish at 133.51. That leaves it down 2.1% from the April close of 136.43 with one day to go in May. The market seems to be stalled here (although it is rallying so far this morning) for any number of potential reasons. Other than the employment number for March, which showed a surprising gain in employment, most of the economic numbers have pointed to growth slowing.

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Skewed Volatility

October 11, 2010


Good morning. The Federal Reserve gave us another strong market last week, with the SPY up 1.93 (1.7%) to close at 116.54. That is the highest close in the SPY since last May 12. The VIX was down sharply on the week, closing at 20.7 (down 8%), which is the lowest closing since May 3 of this year. Again the investing public appears comfortable with the price of insurance on the market decreasing as the market advances, something that, to me, has always seemed counter-intuitive.

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Traditionalists Ask “Why?”

October 12, 2009


Happy Columbus Day. Remember to feed the meters even though all public employees are enjoying a paid Holiday. More on that later. The market had a huge rebound week last week, and we are on the verge of totally forgetting that nasty, and ultimately forgettable to some, sell-off of the last two years. The SPY rallied from 102.49 to 107.26, a very large weekly move of 4.7%. The VIX was pummeled, starting the week at 28.68 and finishing 19% lower at 23.12. So we are to believe that not only is the market going straight up, and your investment in the market worth more, the insurance on the now higher value should be less. I thought the market was supposed to be rational?

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