There is something missing from this thing we are calling a recovery. For most in the US it does not feel like a recovery, and for good reason: the jobs aren't there.

Dealing with the unknown can be disturbing, so we look for the simple explanation.

John Mauldin looks at three choices for Europe and the euro.

John Maulding looks at the cycle of earnings, rather than a specific point in time.

Why would banks want to reveal how much profit they are making? The last thing they want is transparency.

A Lion in the Grass is different from a Black Swan. A Black Swan is a random event, something that takes us all by surprise. A Lion in the Grass is not random, and is lurking outside our vision.

Most traders are not psychologically capable of changing styles in mid-market.

While the problems in the US, Japan, the United Kingdom, and Europe all stem from too much sovereign (government) debt, there are very real differences in how the Endgame plays out.

Trading systematically does not mean that we should abandon discretion altogether, but rather that we should have a logical well tested structure to our trading.

What does the current environment of earnings and valuations tell us about the prospects for the US stock markets in general over the next 3-5-7-10 years?