Yesterday, President Trump signed into law the latest Appropriations Bill. And although Congress is still working out just how much of a Sugar-High this legislation will work out to be. Will it be a $600 dollar check for every tax payer, or a $2000 check? The point is that this “Stimulus” in fact does not cure our economic wounds. The fact remains that on Thursday another 3/4er's million workers will likely apply for unemployment insurance, as they will have joined the 20 plus million who have lost their jobs. Small businesses across the country will continue to shutter their shops, for the last time. And up to half of all independent restaurants across the nation, will serve their last meal.Read more
The Crash of 1987, was a unique time in financial history. For anyone who live through the 87 Crash, you'll remember it as a dark time, when markets simply imploded. The market infrastructure at the time, simply couldn't keep up with the avalanche of sell orders. Wave after wave of unrelenting liquidations were thrown at us. And those of us on the trading desks, simply couldn't keep up. An investor might enter an order in the morning, and not to receive a report until later than night. 12 hours latter. It was bad.Read more
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