One of the worst starts to a calendar year in stock market history. The S&P 500 plunges straight out of the gate and is now 11% off its record high set last year. Volatility brings out the most counterproductive behavior in investors and, almost without fail, brings out the worst sort of advice. Farcical advice, the…

Thousands of brokers at wirehouse firms are about to see their post-crisis retention deals roll off in the near future. Many will be resigned for incredible compensation deals that involve a ransom payment of 300% of their trailing “production” plus all manner of forgivable loans that are the functional equivalent of golden handcuffs. Others will be lured away…

“We do what the market tells us to do. And we never hedge. Only losers hedge.” This week in 1981, one of the most amusing episodes in the history of the stock market took place when Joe Granville issued his dire decree. Granville had a boiler room filled with banks of phones to distribute his…

Just a few hours into the New Year and everyone is so negative.

Here’s my list of 15 ways oil can bottom, any combo of these items should put a floor under it: