“I’m still too cool to wear a helmet” Alim Abdulla fired off a nice piece yesterday on the state of US Equities. It’s a worthwhile read and I think this sentence sums it up nicely: If you are net long US equities and adding on dips, you are consensus, and the probability of you ending… Continue Reading

If we had to title a book describing the market environment of the past few months it would be appropriately entitled “A Market of Complacency”. Today for the first time much of that complacency was washed away as fear took its place front and center: Click to enlarge VIX (daily) E-mini S&P futures (hourly) 30-Year… Continue Reading

HANK: 5 Years From the Brink – In Theatres January 31, 2014 and Available on Netflix & iTunes. Hat tip Josh Brown’s Reformed Broker blog.

We had the opportunity to sit down with Frank Giustra last week, the lion behind Lionsgate Films, and an early architect of countless resource companies—most notably Wheaton River Minerals (now known as the $33B Goldcorp, which spun out the $12B Silver Wheaton), Petro Rubiales (now the $7B Pacific Rubiales), and Urasia Energy. By all accounts… Continue Reading