'We live in a nominal world right now. Inflation is going up modestly, so the dollars we are making are nominal dollars, not real dollars,' said legendary value investor, Leon Cooperman, of Omega Advisors.

Featured Trades: (SAN FRANCISCO STRATEGY LUNCHEON)   Last Chance to Attend The Mad Hedge Fund Trader’s May 20 San Francisco Strategy Luncheon. Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in San Francisco, California tomorrow, May 20, 2011. A three course lunch will be [...]

Featured Trades: (BECOME MY FACEBOOK FRIEND) 2) Become My Facebook Friend. If you would like to get a free headline service from the Diary of the Mad Hedge Fund Trader, then please join my 779 friends! Every day we are posting headlines along with featured trades on our Facebook page. As soon as you open [...]

Featured Trades: (ELIOT WAVE’S GRIM MESSAGE), (SPX)   3) Eliot Wave’s Grim Message. Regular readers are well aware that I rely on John Murphy and Arthur Hill at StockCharts .com for top drawer technical analysis of the financial markets. Lately they have been knocking the ball out of the park, pumping out indicators that global [...]

Featured Trades: (THEY'RE SHOOTING ALL THE GENERALS), (GS), (AAPL), (FCX), (GOOG) 1) They're Shooting All the Generals. Those looking for guidance on the medium term trend in the market better take a look at the best of breed, benchmark stocks for the leading sectors; the companies traders call 'the generals'. I am talking about Goldman [...]

Featured Trades: (TAKING AIM AT SMALL CAPS)   2) Taking Aim at the Small Caps. One of the cardinal rules of any hedge fund manager is to buy the cheapest assets in the world, and go short the most expensive assets against them. In a perfect world your longs go up, your shorts go down, [...]

Featured Trades: (SAN FRANCISCO STRATEGY LUNCHEON)   1) Last Chance to Attend The Mad Hedge Fund Trader’s May 20 San Francisco Strategy Luncheon. Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in San Francisco, California on May 20, 2011. A three course lunch will [...]

Featured Trades: (CHEWING THE FAT WITH HARRY S. DENT)   2) Chewing the Fat With Harry S. Dent. Given the fresh dose of uncertainty besieging the markets these days, I thought I'd touch base with my pal, co-conspiring Eagle Scout, and fellow traveler, Harry S. Dent. Harry runs an independent research boutique, which has accurately [...]

Featured Trades: (AIRLINES STOCKS ARE CLEARED FOR TAKEOFF)   3) Airline Stocks Are Cleared for Takeoff. The checklist is complete, the IFR clearance is in hand, and it is now time to push the throttles to the firewall for the airline stocks. I almost never remind readers of past trade recommendations which came good, but [...]

Featured Trades: (EUROPEAN STYLE HOMELAND SECURITY)   4) European Style Homeland Security. The English are feeling the pinch in relation to recent events in Libya, and have therefore raised their security level from “Miffed” to “Peeved.” Soon, though, security levels may be raised yet again to “Irritated” or even “A Bit Cross.” The English have [...]

'The investment theme over the last several weeks has changed from 'go global' to 'stay home,' said Ed Yardeni, president of Yardeni Research.

Featured Trades: (THE MARKETS ARE ON A KNIFE EDGE) 1) The Markets Are On a Knife Edge. All global asset classes are within a hair's breadth of completely breaking down. The S&P 500 sits perilously on its neckline. Just below here there are a ton of sell stops that could pare 5% off the index [...]

Featured Trades: (THE CORN CONUNDRUM), (JJG), (DBA), (CORN)   2) The Corn Conundrum. In the days of olde, the prices of agricultural commodities were determined by the birds, the bees, and Mother Nature. No more. The Mississippi River basin is suffering once in a century floods, thousands of acres of farmland have been destroyed, and [...]

Featured Trades: (THE PASSING OF A GREAT MAN)   3) The Passing of a Great Man. It was with a heavy heart that I boarded a plane for Los Angeles to attend a funeral for Bob, the former scoutmaster of Boy Scout Troop 108. The event brought a convocation of ex-scouts from up and down [...]

'The speculative fever seems to have broken. The old adage that the best cure for high commodity prices is high commodity prices is working,' said Ed Yardeni, president of Yardeni Research.