![]() | There are two things I love most in life: trading and baseball. Historically, peak performance in baseball involved finding something that gave players an edge over their opponent. Some players used amphetamines. Others thought steroids gave them the edge. » Read more |
![]() | The Federal Reserve's statement yesterday added little clarity as to the timing for removal of its unprecedented monetary stimulus. While some of the wording did change, the text of the unanimously-approved statement suggests that FOMC members remain comfortable with the vast amounts of liquidity added to the system in response to the economic meltdown. » Read more |
![]() | Anyone looking to last Tuesday’s elections as the harbinger of things to come can draw several lessons from the bipartisan results across the Eastern seaboard. Quite simply, Tuesday was the sequel to the 2008 “Change” election – and elected officials in Washington would do well to pay attention to voters in New York, New Jersey and Virginia, whose message resonated loud and clear. » Read more |
![]() | Gasoline demand is MIA. Per last week’s release from the Bureau of Economic Analysis, gasoline expenditures in the third quarter were less than commensurate with the increase in retail gasoline prices. Thus, here at The Schork Report, we maintain that the consumer’s appetite for gasoline is becoming increasingly elastic. » Read more |
![]() | In citing three conditions, the Federal Reserve has provided a roadmap by which market participants can gauge with greater precision the evolution of monetary policy, in particular the exit strategy for the Fed’s current stance, says bond expert Tony Crescenzi. » Read more |
![]() | Margins are now moving in a positive direction for refiners. This could translate into greater demand for crude oil once refiners return from maintenance, writes Stephen Schork. » Read more |
![]() | This “denial of service” business model is, I believe, doomed. The new edge in technology will belong to the companies that invest over the long term in earning the trust of their customers, writes Lanham Napier CEO of Rackspace. » Read more |
