It's been an interesting year. Shortly after moving to Montana, in the "dark days of 2009" when nobody would pick up the phone,  I found myself employment challenged. So I did what any crazy editor would do: I holed up in the office above my garage, with a view of the Rocky Mountains, and created The Rayno Report. It's been a labor of love for about 14 months, interrupted occasionally by powder days and the search for large trout.

The Rayno Report grew in 2010 and thanks to help from sponsors such as Adtran, it made money. My accountant reports I ended the year profitably. But these aren't the kind of profits that will allow me to buy an NBA team any time soon. A few weeks ago I was offered a job which will essentially allow me to do the thing I love -- cover and analyze markets in real time. So I did what any sensible father of three would do -- I decided to take the job.

As of January 3rd I will return to United Business Media (UBM), the company that acquired Light Reading -- where I was the Editor and Editorial Director for about 7 years (Light Reading is still owned by UBM). At Light Reading, created by founders Stephen Saunders and Peter Heywood, we helped revolutionize trade publishing in the telecom industry. We now hope to do the same for an individual investor market. I will be working in the PR Newswire division of UBM, building a global investment Website that is going to be really unique. In a predictable twist, I will again be working with Stephen Saunders and many of the original members of the Light Reading team. This new UBM Web division, DeusM, will be the creative force behind the investment site being built for PR Newswire. It's exciting stuff -- I hope you will follow me there.

The Rayno Report will continue to exist, but obviously my energies will be focused on the new Website. This Website will follow our activity in the meantime. In the first month or so we will be conceiving, designing, and building this new investment megasite. The Rayno Model Portfolio and regular stock tracking devices I provide will be converted into a premium newsletter that will be a core element of the new Website.

In addition, I am working with my Web developer to redesign this site so that it is largely automated and brings you the investment news that matters -- including future feeds from the PR Newswire Investment site -- let's just call it Rayno Report II.

I appreciate all the support and feedback from friends and followers, and I hope you will continue to read the Rayno Report for updates -- as well as follow me to Rayno Report II.You can also keep apprised of developments with my Twitter handle "Rayno."

Happy New Year!