Today on CNBC American Squawk box I heard one of the most straight talking individuals I have listened to in a long while. The panel was Steve Forbes, and a woman called Janet Tavakoli, and they were talking about Quant funds and their models. Janet's comment regarding quant model's was, and I...

Many, including myself are wondering who is responsible for this mess. Many point at Greenspan, but I think it is not so black and white. One problem that we have is that people don't understand the mathematics and dynamics of mortgages. I even get the feeling that mortgage lenders are pretty...

The market is in turmoil and BNP is complaining about liquidity issues. I went back to look at an interview from Scholes (author of Black-Scholes pricing) for an opinion on the situation. > As a result, "decision time becomes elongated" and speculators hold back their capital just when their...

At iTulip they had an interesting posting regarding the currency markets. > "We are fast reaching a stage at which elegant quantitative models won’t determine who survives, in fact, those that tend to rely on models in this environment may be most likely to be shining shoes sooner rather than...

I'm in a funk. You ever get to that place where you want to reverse every one of your trade ideas? I'm there now. I sell GRMN at $81 and it goes to $103. I buy BBBY for some reason at $36 and it goes low. Then I watch it bounce, set a stop loss that gets hit at $34.74, and watch it have a nice up...

I was puzzling and thinking if I were Bernake what would I do? Many are crying raise the darn interest rates. Many are saying lower to give the companies a break. Bernake though does not strike me as an individual that leaves a statement. He strikes me as an individual that tries to do the right...

Fingers crossed. He should moderate his language, open the possibility of a rate cut, and send the markets higher. I hope he keeps his mouth closed, talks about inflation and the US dollar, and keeps rates right where they are. Wishful thinking? Perhaps. However, I just have a vibe that he isn't...

I think Jim Cramer lost it, and I don't quite understand what Jim Cramer is recommending. > In his "Stop Trading" segment on Street Signs today, Cramer said the nation's central bank is "asleep" and should immediately "relieve the pressure" on financial firms and the nation's home owners who are...

So the other day, the big sell off started. And it's arguable that it's just beginning. Spurred on by Phil's post, I considered selling out of everything. It made sense: I thought everything was going down, so I should sell. But it also didn't make sense. One thing I've pointed out before is my...

Hey everyone, We are seeing a nice bounce in the markets this morning. The S&P500 is at 1485 as I write this(!!!). If you look at the 5 day chart, you will see this could take us back to part way through the crash we saw last week. The market is saved! To me, this feels like a dead cat bounce - one...