As we approach two potential national crises — a government shut-down and a default on federal debt — fertile minds will shift toward whether there is a financial tool to alleviate those risks. Futures contracts and options have long served as mitigators of risk. Why not here?
Too often investors get caught up in political parties, focus on the negative and lose confidence in stocks. As a result, they can miss great bull markets. When it comes to finding opportunities, it’s not about the political party, it’s about the policies.
Two F-16 fighter jets scrambled on Sunday when several small civilian aircraft wandered into restricted air space over where President Obama was playing golf with Tiger Woods in my adopted state of Florida. Our tax dollars at work.
U.S. stocks gained while Treasuries trimmed an earlier advance as the House voted to temporarily suspend the the federal debt limit. The yen climbed for a third day after the Bank of Japan deferred new monetary stimulus.