What happens when a sector loses a key bull, even if it is temporary?  Often nothing, but if it is a big enough market pundit then it can have an impact.  That is what we are seeing today in the money center banks.  Rochdale Securities’ Richard Bove said that the fundamentals of the ... Read more

Ladies and Gentlemen, our long National Nightmare has ended. At 10:24 AM, FAS and FAZ kissed at $9.56. The world is right again. We're Back, Back in the New York Groove. Kind of disappointing though. I was kind of picturing the moment they met would be like that scene at the end of Return of the Je ... Read more

So I tweeted yesterday that FAS at this point, $4, was just a de facto call option on the financials. And you know what, upon further review, that doesn't make any sense. I mean any more sense than typing in that same though with FAS at $6, or FAS at $60 for that matter. Two facts about lev ... ... Read more