Although most of the focus has been on stocks lately, it is bonds that have arguably had the more interesting year. Interest rates (which we will use the 10-year treasury yield to represent) have been climbing rapidly, starting the year from about 0.9% to 1.52% today. This often neglected number is extremely important. It represents the cost of money. Where the 10-year rate sits influences the... READ MORE

One of my favorite financial writers is an anonymous researcher who goes by the pseudonym, Jesse Livermore. The real Jesse Livermore was a pioneer of day trading in the early 1900s, whom at one point became one of the richest men in the world but ended up taking his own life when he lost everything. Little is known about the current writer who uses his name today. He only writes a couple pieces a... READ MORE