Post-election market drama
Last Tuesday evening, while dining with family and business associates, I had one eye on the elections and the other on the Dow Jones Futures Index, a proxy for the Dow Jones Industrials (DJIA) in the non-trading hours. At one point, the futures were down 900 points, and I was drooling over the prospect of […]
Hedging against oil spikes
The recent turmoil in Iraq has led many people to believe that the price of crude oil could spike and derail the economy. Jay Leno once joked, “There was a sign at the gas station near by my house that said, ‘We take Visa, MasterCard, Discover Card, and American Express.’ After I filled up, they […]