Author Archives: Jason Kelly

In my personal account — not for The Kelly Letter — I’ve been trading this week. I think trading is a bad idea for 99% of people, which is why I don’t suggest it to my readers or subscribers. Still, I’ve been in this business a while and engage in short-term trading personally from time […]

Turns out the reason stocks were in freefall is that terrorists in London and Dubai were manipulating it with short sales. At least that’s the widely whispered rationale behind the SEC’s banning of short sales that has pre-market futures positively stratospheric. Jim Cramer wrote about it, and then Barry Ritholtz claimed that Jim Cramer got […]

Email and phone calls from frustrated investors are snowballing. I don’t think I’ve seen this kind of volume since the dot-com bust, and the nature of current concerns is different. Back then, people were just wondering when tech would get back on its feet, when the market would work through its overbought condition, the right […]

The market has been wild. Yesterday saw the Dow’s worst one-day percentage loss since the first session following 9/11. Just a week ago, markets rose 3% to 4% on Monday due to the supposedly good news that the Treasury had bailed out Fannie/Freddie. Last week’s Monday went straight up; yesterday went straight down. Timing these […]

It’s another sucker punch Sunday in the making. Aren’t these exciting? Weekends used to be so boring, just sitting around and relaxing. Not anymore. Now they’re a thrill-a-minute as we all await the latest crisis and how it’s going to be fixed until the next Sunday’s crisis — with the handful of our tax dollars […]