What Goes Up May Come Down

Today is the first day of futures trading of bitcoin. The bitcoin phenomenon has been going on for years, but the price appreciation in 2017 has caused investors to sit up and take notice. The so-called cryptocurrency has soared over 1,500% this year. Following its...

It Can’t Be Imploded!

It was a quiet morning breakfast—French toast and the Sunday paper. Then the roar of an explosion wrapped around our home. The air rushed in and then out again. Slowly the reverberations faded away. We were, to put it mildly, perplexed. It was only later that day that...

When Will the Music Stop?

When asked his thoughts on the soaring financial markets, Dennis Gartman, the current dean of commodity trading newsletter writers, remarked, “You have to dance while the music is playing.” In other words, when the markets are rallying, you have to participate. For...

A Black Swan in the Water?

I was confused. Though a familiar sound, my deep sleep didn’t allow me to register what it was. Through the fog, I realized my cellphone was ringing. I looked at the clock—6:47 a.m. I immediately assumed the alarm company was calling because an employee had...