Actionable analysis from one of the most legendary traders in history.
Thoughts on the Market November 18, 2025 As my readers know, I have become increasingly negative on the stock market over the past few weeks. In a recent write-up (November 2, 2025, “Do We Need a Crystal Ball to Make Money Trading?”), I wrote about a butterfly trade in S&
Thoughts on the Markets November 17, 2025 Tariffs, Market Vulnerability, and the Great Divide: A 2025 Analysis Much has been said this year about tariffs and their supposed economic benefits. President Trump has repeatedly claimed that tariffs generate substantial revenue, protect U.S. industries, reduce deficits, and will even fund
Thoughts on the Market November 11, 2025 This week I want to address what I see as a terrifying trend in the United States, one that could one day rip this great country apart. I am labeling this trend “The Great Divide.” Over the past forty years the U.S.
Thoughts on the Market November 2, 2025 This week I am starting with a retrospective in order to explain better some of the logic and analysis that goes into my work. Over time, I plan to introduce some simple, specific trading strategies that we use on a regular basis. They
Thoughts on the Market October 25, 2025 History, as Mark Twain once quipped, may not repeat itself, but it often rhymes. The 1920s—known as the Roaring Twenties—was a decade of profound social, economic, and technological change. A century later, the 2020s are unfolding with uncanny similarities. From cultural
