The Republican Party, with the help of the Tea Party, swept the House of Representatives with a massive pickup of at least 60 seats. The Federal Reserve made another historic announcement with its $600-billion “Quantitative Easing” program (QE2). The October non-farm payroll number came in at a positive 151,000, and the unemployment number remained elevated at 9.6 percent for the month.

All of this transpired in the course of one week. So, what’s next? Hold on to your seats. Consider the following: Read More»

Financial markets function to discount the future. Usually, by the time you read about something in the newspaper, financial market pricing has already “discounted” that event weeks, months, or perhaps even years before it hits the front page and becomes evident to everyone else. That’s what it means to “speculate.” Read More»