Contributing Editors' Blog Entries

ilene's picture

Not Done Rising

Monday's selloff gives us opportunities pick up stocks for less and to write additional puts at better prices. 

 

Marc To Market's picture

The Italian Job

Italy is driving the markets. Japanese developments means the market is closer to give Abenomics its first test. Bernanke to set the record straight after many gave the regional non-voting Fed presidents too much weight in understanding trajectory of Fed policy.

Monetary Metals's picture

Traders read the headlines. They know how the price “should” react to news, and they begin buying. For a while, the prophecy fulfills itself. But then what happens next? It may take an hour or a month, but sooner or later some of the new buyers begin to sell.

Speculators can drive the price quite far in either direction, in the short term. But it is the hoarders and arbitrageurs who drive the price in the long term.