The age-old Wall Street adage is that bull markets tend to “climb a wall of worry” and bear markets decline on a “slope of hope.” In today’s environment, skeptical traders are finding plenty of reasons to doubt the current rally: Europe’s never-ending debt crisis Disparity between affluent and baseline...

As you may have guessed by now, we see a powerful connection between poker and trading. Both combine strategy, tactics, math, psychology, creativity, pattern recognition – the list goes on. So without further ado, here is part III of the RENO series… The world class poker player is both...

There is a fun WSJ piece out: “The Secret to Success in Bowling: Getting Hot.” Basically two guys from Yale discovered that, while “the hot hand” in basketball and other sports is a myth, in bowling it’s the real deal. In basketball, for example, a shooter’s “hot streak” really...

Founders’ note: And two became three… we are excited to announce a new addition to the core Mercenary team. You’ve already seen valuable contributions from Nathan O — an excellent trader Jack first met ten years ago — and now we are taking things to the next level. It’s...

Felix is looking on the money so far. From Felix Zulauf’s Market Prognosis, one of the smartest things we read last week: Legendary Swiss investor Felix Zulauf believes that the current rally in risk assets is likely to last until at least the end of March, but that global...