“They’re just numbers you know, 15, 16, 20,” remarked one of the top 5 equity traders I’ve ever known. “You tell people the S&P is heading to 1,700 and they look at you funny,” he admitted, laughing. “How could it possibly happen with soft earnings, and the risk of another 2008,” he asked, not waiting for an answer. “It just could, stocks have been unloved for yrs, balance sheets are healthy, and ’08 won’t happen

“Everyone’s getting out,” explained the biggest trader in S&P’s. “It’s a hardware company, like Sony, which loses money every quarter, or Levi’s, remember them?” He thinks Apple could go to $300. Or $50. Who knows, who cares. “People buy things that go up, Apple’s done, so they’re moving on.” Then buying transports, financials, etc. “Apple was the leader, now it’s the Antichrist, it falls, traders get scared, sel

“If you owned stocks, you made a fortune, made your career,” continued the S&P trader. “The first part of any move is tough, painful.” Which pretty well captures the past few yrs. “Then it accelerates, get’s easier,” he said, describing today’s mkt. “The Russell and Transports just made all-time highs, mid-caps too, S&P 500 at 5yr highs, yet the Nasdaq is weak.” Tech led the mkt higher for yrs, but that’s cha

I need a f’in gun. High caliber. Short muzzle. One bullet. In my mouth. “Maybe if you hold him, comfort him, he’ll calm down,” she suggested, neatly tucking condescension into a sexy French accent. You see, my 3yr old was in full tantrum. He wasn’t alone. The room swarmed with spoiled, angry hornets, sweating in parka’s, waiting for ski school. Mara and our three oldest saw this coming and fled. Outside. Leaving me a

Hope all goes well. Been a while. Missed you. Missed this. Anyhow, what’s my status? Happily married, sexy wife, four kids, a dog, hamster, fish and frog. Skiing more. Climbing. Riding too. Professionally? I’m single. Dating around. Perfect dimes. Some racy nines. A few eights with lots of personality. And one frisky fiver that I swear to god looked like a nine after eight vodka tonics – never again. Of course

“An elitist hypocrite,” scowled the NRA in an ad. You see, Obama surrounds his kiddies with Secret Service agents, but rejects demands for Navy Seals on every playground. See? Hypocrite! But all presidents are. Elitist too. Hell, we all are. Scratch the surface, you’ll see. Take Mervyn King, the Evil Knievel of central banking risk takers. Merv warned that UK investors are “making worryingly risky bets at a time when

I need a f’in gun. High caliber. Short muzzle. One bullet. In my mouth. “Maybe if you hold him, comfort him, he’ll calm down,” she suggested, neatly tucking condescension into a sexy French accent. You see, my 3yr old was in full tantrum. He wasn’t alone. The room swarmed with angry, spoiled hornets, sweating in parka’s, waiting for ski school. Mara and our three oldest saw this coming and fled. Outside. Leaving me a

I hang with boys who eat what they kill. Lying in wait. Plotting. Planning. Pouncing. Telling stories round the fire. Of conquests. And fallen brothers. Stalking central bankers. Parsing policy pronouncements. Chasing inflation one day. Ambushing deflation the next. Booms. Busts. Bubbles. Toting our sophisticated weapons. And quietly, the Kansas boys, sporting rakes, overalls, and Bernanke’s cheap mortgages, made 25%

Nothing cures high prices like high prices. And over the past century, the world endured four major commodity price spikes. The first two were fueled by World Wars. The third occurred during the inflationary 1970’s. In each period, prices rose by roughly 300% over 10yrs. Then fell for about 20yrs. Remarkable eh? And today’s Chinese-urbanization commodity boom has lasted roughly 10yrs. Prices have risen by a tad more

Ok Oprah, I’m coming clean. Right up front. So here goes: I take performance enhancing drugs. Any regrets? Yeah, wish I’d taken more last yr. I also admit that if I’d ever imagined having a fake girlfriend who fake died of fake cancer would help me sack more quarterbacks, and boost my ratings, I’d have dated two. Maybe three. Eric Peters