Back on March 2, I wrote a bullish piece on copper and detailed that the price had stabilized and that the bearish sentiment was over the top at that time. Copper has rallied nicely since then, so I thought it would be a good time to update you on my view.

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Delta hedging is a practice mainly used by market makers in the options market. What happens is that when the market maker sells puts, they then short shares of the stock as a hedge against the put they just sold. They don’t typically sell in a one to one ratio. For instance, if the market maker sells 100 puts of XYZ Corp., this represents 10,000 shares of stock since each option represents 100 shares. But since the options they sold are out of the money rather than selling 10,000 shares of the stock, they sell 5,000 shares as a hedge against the puts. The market maker may use the “delta” to calculate how many shares they need to sell to be properly hedged.

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How many times have you heard "it's different this time around?" I recall hearing it quite a bit back in 1999 when the equities markets were screaming higher at an unsustainable pace. It's different this time around because the technology improvements are increasing productivity and the Internet is changing everything.

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Please indulge me for a few minutes as I share a few personal stories about this historic day. If you are only interested in investment related articles, I warn you now that this is not an investment article.

As I sit here on this historic day in American history, I cant help but think back on my upbringing and the things I have witnessed Read the full story

During my appearance on CNBC’s Closing Bell show yesterday, I started thinking about some of the questions they asked me.  In particular, they kept asking if I was still bullish about 2009.  I had appeared on the show in December and stated that I thought 2009 was going to be a great year for the overall market. Read the full story

Over the last couple of weeks, I have written a couple of articles telling you why I think 2009 is going to see the market turn around and then the economy is going to turn around.  I received several emails about my If Hi Read the full story

I received numerous emails about the auto bailout in my article, "Another Bailout: This Time Mainstreet is THE Issue".

The interesting thing was that the responses were split almost down the middle Read the full story

Thank goodness, the election is over.  I was tired of the political ads, I was tired of the political banter at work and I was tired of the political reader feedback.  But since last Monday's article was addressing the election, unfortunately I don't get to put the political discussion behind me just yet.  There Read the full story

I know we have all heard the various economic reports about the current condition of the economy.  Consumer confidence is at a 30-year low.  Almost 500,000 jobs have been lost so far this year in the U.S.  Gas is well over $4 a gallon. 

But it was over the Fourth of July weekend that I saw something that really hit me a Read the full story

The S&P broke its 200-week moving average back in March and then proceeded to rally almost 200 points over the next two months.

Now the S&P is sitting on the 200-week moving average once again, and this could be a very bad sign for Read the full story