Energy Stocks Bounce Back

Yo Pit Crazies, For years, Fed announcements were no big thing as the actual economy trumped any small-time shenanigans that the central bank could cook up. That all changed in 2008. The extraordinary actions the Fed took enabled poor economic policy for the next 10 years. Actually, make that 15 years when you toss in […]

VIX Says It Ain’t Over

Yo Pit Crazies, Banking is in a very weird spot these days. And while there’s a lot to it – there is one thing I’m crystal clear about: securities risk.  All I’ve heard since 2009 is “stress test” and that the banks pass. Now in 2023 I have to wonder what they are testing. What […]

10 Banks Deposit Cash In First Republic

Yo Pit Crazies, For a while on Wednesday it looked like everything was going to heck in a handbasket. VIX spiked to 30 and SPX was in the dumps.  Then, like a phoenix rising, the Invesco QQQ Trust (Ticker: QQQ) started a 20 point rally that continued to yesterday.  The worst performing asset of 2022 […]

Oil Stocks At Compelling Prices Once Again

Yo Pit Crazies, Once again we made a run to a 30 VIX.  Stocks are unhinged (or about to get unhinged) because traders are worried about a systemic collapse. Generally when VIX closes about 30 – into Zone 4 – the market is running into the madness of total uncertainty.  We have not been able […]