The Unconstrained Podcast

ARE SELLERS AMASSING TROOPS ON THE BORDER?Bubba comments about the current market conditions. He maintains that the volume is falling and that the volatility is following. Bubba says that the sellers are gradually becoming the strong hands in the market. Rallies are met with selling and there is not as much upside volume on the rallies. He believes the sellers are getting ready to put capital into action when they spot an opening.Bubba introduces Jane King. Jane comments on the success of the pop culture, and how she sees the younger generation being swayed by politicians that know who the pop culture icons are. She thinks the Republicans can learn from this phoneme. Bubba asks Jane her opinion on the crop report released earlier in the week. She comments that for farmers it was not very positive. Record Bean crop, Corn acreage down for the third straight year.Bubba introduces Mike McGlone of ETF securities. Mike and Bubba discuss how the earnings reports keep getting discounted but the market continues to go higher. Mike comments on how many EFT indexes are seeing a net withdrawal this year and the possible impact that this could have on the markets for the rest of 2015. Mike explains some terms that are used in the ETF market such as beta which is a correlation study.Mike comments on why he is not longer a trader and why he focuses on working with the market long term. He tells investors and traders that if they are trading a leveraged product that they must read the prospectus because it will tell them how the product is structured. Bubba and Mike discuss hedging and why most U.S corporations dont use it. Mike concludes the interview commenting that product diversification is the best way for business to hedge.

SEVENTY FIVE DOLLAR OIL IN THE NEAR FUTURE?Bubba introduces Mike Brown. Bubba comments on some earnings trades that Mike made and how they hit. Mike comments on energy prices and how they are demand driven. He thinks the oversupply will gradually be reduced. He feels that Oil will reach seventy five dollars a barrel in the near future and could go back up to one hundred based on the geopolitical situation.Bubba talks about the problems in China. He asks Mike his position on China. Mike maintains that the real estate problems have not been solved and he would not buy into the Chinese stock market. Bubba laments the problem with real wages. He states that real wages have not risen in a quarter of a century. Mike maintains the reduction of gas prices has not helped as many economists predicted.Bubba asks Mike how he advises investors to trade their money. Mike believes that you need to take your losses and let your winners run. Bubba agrees with Mike. Bubba says that your cash is your inventory, and it must be husbanded. Mike believes it is impossible to have all winners, when you have a bad trade you need to move on and protect your inventory.Bubba asks Mike his opinion of the Bureau of Labor Statistics releasing the jobs number on Friday when the market is closed. Mike maintains that he was shocked. He feels that it is a big mistake. He questions why the number is not being released on Thursday. Bubba and Mike discuss the way the country is being led. Mike maintains that we have a president who never led anything before becoming president and we will look back on this period with a great degree of angst.

Bubba starts the show by commenting on the current condition of the market. He comments on the current condition of the economy. He wonders on the new earning season will influence the market. Bubba expresses his concern about Keysian economic theory and dealing with the problems of today. He comments about Ben Bernanke and his new blog and how it would be nice to see the future.Bubba talks about the problems of modern society. The Badger comments on the German plane crash and what caused it. The Badger talks about recent airline accidents and the fact that many of them have been caused by emotional stability of the crew. Bubba asks the Badger how you guard against this situation. The Badger replays that he wishes he knew. The Badger maintains the problem will be hard to solve. Bubba agrees it is tough problem.The Badger comments on the recent retirement of US Senator Harry Reid. He comments on the politics of Nevada that allowed Harry Reid to retain his seat in 2010. Bubba maintains that Reid was able to hold to his seat far too long and that he is the poster boy for term limits. He asks the Badger his opinion on Harry Reids legacy. Bubba and the Badger share a joke about Chicago politics.Bubba talks about the new Indiana law on religious freedom. He feels that it is not a step in the right direction. The Badger says that the law could have serious social and economic implications for the state. He talks about the NCAA and the basketball tournament and other important athletic events that are housed in the state. Bubba and Badger talk about how the new law could create expanded problems for all minority citizens.

Bubba comments on the jobs number being released on a day when the markets are closed. He questions what the bureau of labor statistics could be thinking. He said that he fears the problems that this decision could create in the markets. The biggest number of the month released into an illiquid market. He asks how long bad news can be good news.Bubba and the Badger discuss the problem between the Obama administration and the leader of Israel Benjamin Netanyahu. The Badger shares his disbelief that the current administration is going to oppose Israel in the UN. Bubba comments on the current problems with Israel. Badger comments on the current stalemate in Congress between the Republican Congress and the White House. The Badger comments on the problems of entitlement in todays society. Bubba agrees that entitlements are hurting the U.S.Bubba comments that the Badger had it right twelve years ago when he said that we should never go to Iraq. Badger comments on the fact that the whole war was mismanaged and that the release of the Iraqi army with no means to support their families turned out to be a catastrophe. The Badger laments what is happening in the Middle East. The problems in many of the countries don't seem to have an immediate solution.Bubba asks the Badger how he sees the current conflict in the Middle East to what has happened in the past. The Badger comments on the how the current problems between Muslims and the West are not new they go back over a thousand years. He notes that there are few good guys on either side of the conflict. The interview concludes with Bubba and the Badger concluding that it is a very difficult problem.

Bubba starts the show talking about the how the markets have been very quiet except for Wednesday. He discusses the difficulty of trading in a low volatility environment. He talks about how investors must be carefully of fund managers using the end of the quarter to mark their books called ''Window dressing''. He notes that the markets will eventually have a correction it a mathematical certainty that it will happen.Jane King is the guest and he comments on her tough work schedule. Bubba asks Jane about here perceives about the markets now. She said there are some negative earning but she doesnt see any great selloff now. She talks about the problems that are occurring in the big energy states. Bubba asks Jane about real estate issues in the New York area because of the strong dollar.Bubba introduces an audio piece by Bill Whittle. Bill comments on the current plight of conservative politicians and the way that they deal with the pop culture. He comments on the personality of Mitt Romney, and how it is perceived by the pop culture. He comments on Romneys honesty and he didnt get his point across to the American public about how hard he worked for his wealth. He comments how Romney was able to give back to the community by generating billions of dollars for workers.Bill talks about the problems with Iran and how it has been dealt with by the current administration. He maintains Iran has been at war with America for over thirty five years but we have not been at war with them. He closes by maintaining that even with a playing field that is not level the conservatives still hold themselves at 50% of the vote, if they would fight back they would win the battle.

Bubba and Badger talk sports and the opportunities they present. Can anyone stop Kentucky?

VOICES OF LIBERTY POWERED BY RON PAULBubba and Adam Shapiro discuss current market conditions. Bubba asks Adam what his opinion is of the current market conditions, based on the recent comments by Chair Yellen. Adam comments that the statements by the Fed are very hard to interpret, and that he feels it is impossible to understand what the change of wording means. Bubba asks Adam his opinion on the plane crash in Europe.Adam makes comments about recent market behavior. He states that the psychology appears to be in transition. Bubba agrees with Adam on the problem. Adam states that the economy is not expanding people are not spending they are saving and the problem is the Federal Reserves policy. Bubba comments that the middle class is not benefiting from the current rally in equities.Adam maintains that the current recovery is not being driven by growth his view is that entitlements prohibit growth. Adam comments on how infrastructure growth is needed and that it will put people back to work in a positive environment. Bubba talks about the problems with workers that are getting paid minimum wage.Adam believes that the current bankruptcy code punishes risk taking. He believes that it benefits credit card debt, but prohibits capital formation. Bubba and Adam discuss the problems of too big to fail. Does bailing out bad policy prohibit growth or is a necessary evil in our economic system. They conclude that it must be a case by case call. They end the interview with discourse on the best method to handle debt.

VOICES OF LIBERTY POWERED BY RON PAULBubba comments on the bad economic data that was released on Wednesday. Bubba maintains that the markets never change and that the data being released by the government doesn't seem to relate to the plight of average Joe. Bubba states that he is not bullish on what is happening today, and unless we get some relief from the standoff in Washington he doesn't see good results.Bubba speaks about the spot he did with Michael Hansworth on BNN. Michael asks Bubba what is happening to the VIX (volatility index) he says that volatility is very low and that it is tough on traders. Investors like this environment because they can sleep at night, but traders are having a tough time making a living. Bubba and Michael comment on the recent highs in the NASDAQ and their perception of where it will go in the future.Bubba talks with Michael discuss the problems that High School students will encounter when they are faced with the problems of reaching maturity. Most schools dont educate them on the problems that they will face when they leave the nest and must make financial decisions on their own. Bubba tells Michael about his program that is designed to help graduating seniors deal with the problems they will encounter.Bubba talks about the difference between Canadian financial regulations and those of the United States. He comments on the spread between the U.S. dollar and the Canadian currency. Michael and Bubba discuss how markets tend to over and under value themselves. It is a human tendency to follow the herd and markets do the same thing. Bubba concludes that markets never change it is the people who trade then that makes life interesting.

VOICES OF LIBERTY POWERED BY RON PAULBubba comments to a client that buying back a teenie is never a wrong idea. You never sell teenies. Bubba explains that you can always buy back your shorts that you have limited risk and have your anchor to back you up. Bubba comments on a mistake he made on a trade earlier in the week. He advises clients never to chase trades in the current market conditions.Bubba comments on the problem with ETFs that are indexed. They are leveraged and as time goes on they lose their correlation to the underlying product. He doesnt recommend clients using them. He comments on a stock that needs to rally in order to make money in the next month. He comments on a trade he made in a very low volatility stock that failed. He mentions that the trade probably should not have been executed.Bubba talks about a possible trade in UAL (United Airlines). He talks about the number of possible trades that can be made in the stock. He decides on a backspread that he feels will give the trader the best return in this stock. He discusses the risk and reward in the trade. He answers a question from a student concerning volatility. He maintains that both puts and calls have the same amount of premium.He recommends a trade on XOE an ETF. He recommends an off strike calendar spread buying an anchor in a deferred contract and selling the expiring weekly. He concludes the session by recommending an earnings trade in LULU a clothing retailer. He discusses the expected move in the stock after the earnings are released. He recommends a spread that takes advantage of time decay in the expiring option.

VOICES OF LIBERTY POWERED BY RON PAULBubba talks to his listeners and said that he has demand for his options webinar on Sunday night. Bubba comments that the market conditions are not favorable. He begins to answer questions. He talks about the importance of having a defensive strategy. If you trade you must be prepared for adversity. If you are not prepared for when things go wrong you will have problems.Bubba answers a question about how he uses stop losses. He tells the student that with the current volatility levels that you cant trade stocks that have no price movement. Bubba talks about trades that were on the books in the past week and how he handled the trades. On one trade he notes that it would have turned out better if he could see the future, unfortunately no one can do that.Bubba answers a question about how a student handled an Apple Inc. credit spread trade, he the student he doesnt stop out credit spreads and explains his logic. He mentions that on Friday he had some good fortune when a trade that he had on in Apple Inc. went his way and he was able to convert a teenie into a nice winning trade. He comments that when an option that was part of a zero he never sells it.Bubba comments on what happens when the premium in an option contract rises. He informs the caller that you can make excellent profits by buying options in a rising volatility market. He talks about the recent slide in Net Flix stock. He notes that when NFLX reaches a certain level on the downside that buyers appear to support the stock. He concludes this part of his call by noting that panic selling can usually be detected.