Michael Gracie 

Brought to you this one day only in true order of importance Fly Fishing Despite Economy Tackle and Fishing License Sales Holding Steady [Angling Trade Magazine] – When the going gets tough, the tough go fishing. Just like Lefty Kreh said they would. It’s an L.L. Bean gear review long weekend [Up'North Maine Fly Castings] [...]

After hitting a low of $40.85 on February 17th, the contract for June delivery (now the near term) has rallied to a 65 day high of $58.07 as of this morning. Of course, we’re supposedly heading into the summer (read: prime time) driving season, so some jump is to be expected. But what’s strange about [...]

The one shining light in a bleak consumer world: At a 13-month low, I guess it’s only pretty if you’re NOT in the oil business. And combined with waning demand for plasma TVs, the US will probably be seeing a shrinking trade deficit too.

Same day, different zombies Consumer Spending in U.S. Rises More Than Forecast! and.. Consumer Confidence in U.S. Falls to Lowest Level in More Than Two Years? UPDATE: Not too confusing – once again it’s about energy and food prices.

Michael Milken once said “It isn’t okay to leverage to buy overvalued assets,” and I have been sticking to that adage for a while. Maybe the buying window is about to open, and maybe it is not, but Alan Greenspan has certainly become very chatty about asset price euphoria. I recollect a trader friend of [...]

I was recently involved in a somewhat petty, but nonetheless interesting and evolving debate. While out with a friend for an afternoon of lunch and gadget browsing, we decided to run into BestBuy. An hour later, after perusing big screen plasmas and stereo systems the size of lunch boxes, my companion decided to buy a [...]