Anti-Democracy, Part 2

Marc Andreessen is right: I think the American system is incredibly well developed. I think the founding fathers were geniuses. I think the founding fathers had lived under effective ­government, and it was called King George, and they did not like it. I mean, they…

Optimal Allocation of Public Resources in a Meritocracy

Poor kids who do everything right don’t do better than rich kids who do everything wrong How would you explain then the rise of all these hugely successful web 2.0 companies and their employees, few if any come from wealthy families? I hate to be…

SVXY Strategy: Part 2

Read part 1 ** This post discusses a path dependent model to make large returns with SVXY call options. It’s assumed you are familiar with option trading and volatility funds. SVXY, unlike XIV, has a complete option chain going as far as Jan 2016. For…

State of the Market and Playing Ebola

I was wrong about Ebola…3 people in America have been infected, contrary to my prediction that there would be no further cases besides Eric Duncan. So now there is the possibility things will get worse – more infected individuals, fear and panic that will spread…

Crude Oil Sell-off Only Temporary

Liberal celebrations of falling oil and gas prices will be short lived, as history has shown that for the past five years every violent sell-off in oil is met with an equally intense surge. In the last two instances crude oil fell into the 80′s,…

Stocks Continue Plunge

Update: The major indexes (S&P 500) is 7% off the record high of 2014, the biggest decline since the taper fears of 2013 when the market fell about 7% as well. The markets have lost 5% in the past three trading day alone – the…

The Daily View: STEM Bailout, Elizabeth Warren, James Altucher

Thank the fed, the consumer, free markets, tech entrepreneurs in Silicon Valley, defense spending, and the ivy league for America being exceptional – as much as the libs, in their war on success, want America and its great economy to fail. In America’s post-2008 hyper-meritocracy…

Market Update

With the exception of the recent rout in stocks, we’re still in the what is perhaps the slowest news cycle in almost a decade. Three weeks later and still no new US Ebola patients, exactly as I thought it would be. That’s why I quit…

Flawed Argument for the Legalization of Insider Trading

A common belief by proponents of the legalization of insider trading is that insider trading can help expose frauds so that the ‘little guy’ doesn’t fall victim to the next Enron or Worldcom. The idea is that insiders, privy to the fraud, will sell their…