Rossputin.com

I've been trading BP options lately.  I made a mistake yesterday by selling calls early in the day, essentially betting that the stock wouldn't have a substantial move upwards.  Given that BP execs were going to meet with the president and that there was… more »

Fannie Mae (FNM) and Freddie Mac (FRE), the unholy devourers of taxpayer money in service of liberals' utopian visions of letting people with low incomes own homes they can't afford, are to be delisted from the New York Stock Exchange because of stock pr… more »

I'll keep this short because I didn't trade today... The market got hit hard in the last hour on continued fear about European problems, and who can blame investors for selling now and asking questions later. The Euro fell about 2 full cents against… more »

Since I commented on the stock market yesterday afternoon, I'll add a note today as well. Today was options expiration.  For an options trader (like me), the last few days of an options expiration week are extremely intense, the equivalent of the playo… more »

In a press conference earlier this morning lauding the passage of his horrendous financial regulation bill by the Senate, Chris Dodd said that legislation must recognize that we live in an interconnected world, Dodd said that problems from "a small count… more »

The stock market made an attempt to stabilize at lower levels during the middle of this afternoon but was crushed, with the Dow Jones Industrial Average falling about 180 points in the last hour for a total fall of about 375 points on the day following n… more »

While at the airport on the way to Chicago last Friday, I received a phone call from Eric, a producer for Larry Kudlow's program at CNBC saying that Mr. Kudlow would like me to be a guest on his show that very evening. With a few phone calls apologizin… more »

Over at BigGovernment.com, CEI's John Berlau explains a truly frightening provision of Chris Dodd's "regulatory reform" bill, a provision which gives government authority to shut down any company based on a suspicion that it might pose risk to the financ… more »

The stock market dropped almost 700 points in 15 minutes today in what was the most frightening few minutes I have seen in over 20 years of trading.  The market then recovered 600 points in the next 20 minutes. There's no polite way to say this:  I got… more »

As I predicted just two days ago, the GOP is so scared of being portrayed as defenders of Goldman Sachs that they're starting to cave in on the financial regulation bill which will do great damage to American consumers and add frightening new power to go… more »