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Happy Anniversary to the 2010 Flash Crash

May 6, 2020 by Matt McCracken
Ten years ago today, the Dow Jones Industrial Index fell several hundred points in a matter of minutes and a few stocks like Accenture traded below $1 for a split second. It took a while but eventually, the US Justice Department unveiled the culprit...Read more

WTIC goes negative and USO is the fallguy

May 2, 2020 by Matt McCracken
This past month, the near-dated WTIC contract (CL) went negative, which I assume is a first for any commodity contract. The May CL contract didn't just go negative but it went very negative. Now, this is not suppose to happen but at the height of...Read more
Pay phone

The Fallacy of Historical Returns

February 14, 2017 by Matt McCracken
I stopped to fill up my car at an HEB in San Antonio and, while I was paying $1.99 for gas, I saw the following and thought I must have just traveled back to 1998. A pay telephone. At a gas station. I hadn’t seen one of those in years. And it...Read more
Jim Rogers, famed investor

Election: Who got it right?

November 9, 2016 by Matt McCracken
Not many people, including myself, expected the upset last night. One guy did. And he seems to always get these things right some how. I have followed several elections in both the US and Europe and everytime he takes the opposite view of the polls...Read more
Cliinton and Pence Victory

Trump wins, fearmongers lose

November 9, 2016 by Matt McCracken
We all know Wall Street desperately wanted Hillary to be President and tried using scare tactics saying the market would plunge 10+% in the event of a Trump victory. And futures are down, but no where near the 10% they promised. The thinly veiled...Read more

Update on UNG: Natural Gas finally trading in Backwardation

October 31, 2016 by Matt McCracken
After how many years, I have no idea, natural gas is finally trading in backwardation. This means the price of contracts expiring far into the future are actually trading at a discount to the spot price (or at least contracts expiring in the near...Read more

The end of an era: Driverless Trucks will soon be the norm...

October 25, 2016 by Matt McCracken
News today via CNBC that AB has made the first driverless truck delivery . I've read about this inevitable development for quite some time. I remember in school, an owner of a local trucking company spoke to our management class and the number one...Read more

Managed Futures in Mutual Funds

October 21, 2016 by Matt McCracken
UPDATE: The link in this post is no longer valid. Please e-mail us by filling out the "Contact Us" form on this page and I'll e-mail you a copy of the report. Please put "Managed Futures" in the subject line. I just found this .pdf on why Managed...Read more