Change is a simple one syllable word. Barack Obama convinced the nation that he is an agent of change and earned himself a seat in the Oval Office for four years. In the 1960s singer Sam Cooke wrote and sang a moving ballad, “A Change Is Gonna Come” which captured the ethos of that time. Spring is upon us and the cycle of change will transform the natural world in a most elemental way.
And so it is that I will shortly implement change at Across The Curve and I wish to describe the changes and my reasons for them.
Let me begin with the reasons first. Writing this blog is a labor of love, but it is work, nonetheless. Most days I am scouring the internet for relevant stories at 6AM and I generally do not finish until 4:30PM. Those who have been reading the blog for a while know that in the crisis period from July 2008 through November 2008, I updated the blog throughout the weekend as stories broke. In several instances, I was one of the first commentators to offer a cogent opinion on the swirling events.
My point is that the fine product which I produce does not just happen, but requires solid effort.
Now a brief personal note. I did spend three decades on Wall Street, but never hit the financial home run. I certainly did quite well, but the exigencies of circumstances and life are such that I do not have financial security and need to spend several more years earning some money. I am currently dipping into the pot of capital at Across The Curve and by the end of this year that process will become painful. Consequently, I need to earn some money.
Therefore, beginning on April 11, 2009 I will begin a password protected system under which some material will remain free and other material will be available for twenty-five dollars per month. I plan to keep my opening comments free and place my constant sector updates behind the veil of password protection. Everything will be freely available on the web five business days after it is posted.
I do not do this lightly nor do I do this without some trepidation. However, the price is quite nominal. If I assume twenty trading days in a month, then it is just $1.25 per day. On an average day I post about ten times a day. That works out to about 13 cents per post.
More important than the cost is the benefits that many have derived from my efforts. Many readers have written to me and have thanked me for the insights I have offered because the factual information which I am providing has helped them to crystallize their thoughts and has helped them to trade profitably. The credit markets have been the gateway and the lead market for most of the last eighteen months and have driven movements in other financial markets.
Against that background, the information I publish has also been invaluable to traders in the equity market and the foreign exchange market. This blog is also an important tool and resource for money mangers that are too small to garner extensive coverage from Wall Street. I think that the blog fills an important void for those professionals who might otherwise fall between the cracks and keeps them in touch with the heartbeat of the markets. It is universally useful and traders in the different markets have written to me of its pertinence.
I wish very much to continue to publish this blog. I need your help, your understanding and your willingness to pay a nominal monthly charge. Thank you for all your kind words in the past and for your future support.