Monday, September 15, 2014

Austin Ride Share Proposal

Today Austin City Council Chris Riley had a press conference where he talked about a temporarily proposal to allow TNCs (Transportaion Network Companys) to be legal within the City Limits of Austin.  I attended the event and was interview by Fox Austin, KVUE and KLBJ talk radio.

Here are the video clips during the 6:00PM Fox News Story.

Fox News Story at 10PM

KVUE 6PM Story
KVUE 10PM Story

Monday, September 8, 2014

Risk Free Rate Of The VIX

Talking about the impact of Interest Rates and the value of the VIX calculation.  Below is the acutal formula for calculating the VIX.  Notice how the VIX is the sum of many variables and a multiple of R, which is the Risk-free interest rate.  So as interest rates go down, the VIX will go down.  As interest rates go up the VIX will go up.  Everything else is based on option pricing.

Wednesday, August 27, 2014

Markets Climbing A Wall of Worry

Decided to talk with Tom and Tony again on TastyTrade.  I have been mostly out of the market since May 2014, as the markets slowly ground higher during the Summer months.  We had a 4% dip in the beginning of August and I decided to buy the dip after falling 3%.  I was a couple days early shorting volatility, but when the bombs starting falling on Iraq on August 7th, it was the bottom and my account started heading back up to its all time highs!  There is a saying that I will never forget.  "You want to sell on war rumors and buy when the bomb start falling!"

Talkin the Markets with Tom and Tony - Aug. 27th 2014:  Tom and Tony have been basically short for the last 3 years.  They keep fighting the market, by shorting futures contacts as we climb higher and higher, even though all 'technicals' show that we are in a bull market.  They are classic Contrainian and never capitulate.  Eventually, they will be right, but for now they are only right for a few days to a week before we grind higher again.  I called them out on there bearish stance.  I tend to not be so dogmatic and believe that the trend is your friend.  Right now the trend is up and best to go with that until it changes.

 I also made a call to Liz & Jenny about rolling my covered call on Aug 21st.

Wednesday, August 20, 2014

Local News About City Crack Down Of RideShares

I recently made the Local news on KEYE.  I was interviewed by Deeda Payton about the latest citations and impoundments going on in Austin.  I was on the 6:00PM and 10:00PM news.  Deeda actually came to my house to do the interviews and we shoot in front of my home.  The interview took about an hour of time to record and it ended up being about 2 minutes of air time.  I guess that is show business.

6:00PM News on KEYE August 20th, 2014

10:00PM News on KEYE August 20th, 2014

Carma Car Pooling Story August 14th, 2014

Thursday, July 10, 2014

Obama in Austin, TX

Obama was in Austin, TX July 10th 2014.  I got tickets on the Tuesday before and the line was around the block.  People were waiting since 8:00pm the piror day.  The doors open at 8:30AM and I got there just when it open.  By 8:50AM I got my tickets and by 9:00AM the line was gone and you could have walked in and received your free ticket.

On Thursday Obama was scheduled to speak around noon.  He did really start speaking until around 12:45PM.  I guess he was held up at Magnolia Cafe.  He was staying at the Sheraton this time and headed out to Franklin Barbecue after the speech.

While waiting to get inside the Paramount Theatre, I was interviewed  by Infowars reporter Lee Ann McAdoo  Here is the video: