Market Overview

It’s been 34 years since I left the UK and moved to the U.S., and 25 years since I became a U.S. citizen. I long ago lost the right to vote in UK elections, having by now spent two thirds of my...

Well, they did it. Brits have voted to leave the European Union. Now what?I wrote last month that Brexit could take a wrecking ball to your portfolio. And judging by the carnage in the markets last...

It was quite a hectic trading week last week. Volatility continues to dominate the markets mainly due to the Brexit vote, so I'm expecting the markets to drop even further this upcoming trading week...

The UK choice to leave the EU on a 52%-48% vote is one of those moments that define before and after. It is true that there are examples of the EU not liking the outcome of a referendum and allowing a...

As earnings fall across the banking sector, and SEC criminal charges rise, new signs are emerging of a US banking collapse that may be already underway.One of the most shocking facts about Brexit was...

This week Federal Reserve Chair Janet Yellen made her semi-annual pilgrimage to the US Congress to report on monetary policy and the state of the economy. The Chair said the economic outlook was...

Bravo Zulu to the people of Great Britain for deciding to kick those worthless EU bureaucrats out of their lives. Though from what I’ve read, it seems Scotland in the main voted to stay in the...

‘The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries’ -- Winston Churchill Britain is considered the...

What a day! Some extremely volatile action took place that will live on in the memories of all those that witnessed it.So, what to make of it all? Well, this analysis will focus on the Dow and euro,...

WEEKLY REVIEWIt was a historic week to say the least, as the financial markets embraced a shocking victory from citizens of the UK for a Brexit. Investors were prepared for a “risk-on”...

Reflections in a Golden YukonBeing away for two weeks in the Yukon, where communications range from good in Whitehorse and Dawson to spotty to non-existent everywhere else, allows one to get a...

Humpty Dumpty sat on a wall,Humpty Dumpty had a great fall. All the king's horses and all the king's men Couldn't put Humpty together again. Brexit is a Bear Stearns moment, not a Lehman moment....

BREXIT! I have to admit, I did not believe it would happen. Rather, I did not believe it would be "allowed" to happen. In retrospect I believe the elites will look back and wish they had "Diebold"...

We definitely have an interesting day today. Although I was hoping for Brexit, I thought British were too scared of the Armageddon announced by Cameron and whole ‘Remain’ campaign to...