Archive | August, 2011

August 31, 2011 – The Greek Assist on My Swiss Franc Short

Featured Trades: (THE GREEK ASSIST ON MY SWISS FRANC SHORT), (FXF) 1) The Greek Assist on My Swiss Franc Short. Greece's Eurobank and Alpha Bank have agreed to merge to create the country's largest financial institution. The new entity will have assets of over $217 billion with 2,000 branches. Eurobank had been one of the […]

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August 31, 2011 – Sell Oil for a Stock Hedge

Featured Trades: (SELL OIL FOR A STOCK HEDGE), (USO) 2) Sell Oil for a Stock Hedge. Over the last month, asset classes everywhere have downshifted to new, lower trading ranges, reflecting the very rapid chopping of GDP growth forecasts for 2011 from 4% to 2%. Oil is no exception. I think the new range for […]

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August 31, 2011 – Rare Earths Are Heating Up Again

Featured Trades: (RARE EARTHS ARE HEATING UP AGAIN) 3) Rare Earths Are Heating Up Again. Long time readers remember fondly my 2010 play in the rare earth sector, where stocks like Molycorp (MCP), Avalon (AVARF), and Lynas Corp (LYSCF) clocked gains of over 400%, and the call options went ballistic (click here for ‘Rare Earths […]

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August 29, 2011 – The Great Snore of 2011

Featured Trades: (THE GREAT SNORE OF 2011) 1) The Great Snore of 2011. As I expected, Ben Bernanke’s long awaited Jackson Hole speech turned out to be a huge nonevent. He effectively put off any serious action to repair the sagging economy until the next Federal Open Market Committee (FOMC) meeting on September 20-21. He […]

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August 29, 2011 – Time to Dump the Swiss Franc

Featured Trades: (TIME TO GO SHORT THE MATTERHORN), (FXF) 2) Time to Dump the Swiss Franc. This will be my first post Bernanke speech trade. The Swiss franc (FXF) has been driven up to absurd levels by a safe haven bid. It is about to suffer a fate similar to its safe haven cousin in […]

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August 26, 2011 – My Home Run on Bank of America (BAC)

Featured Trades: (MY HOME RUN ON BANK OF AMERICA) 2) My Home Run on Bank of America (BAC). Yesterday, I recommended that followers of my Macro Millionaire program put 5% of their capital into Bank of America (BAC) shares at $6.85. My three month target was $9-$10. Not was that call a total home run, […]

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August 26, 2011 – Time to Buy Some Fire Insurance

Featured Trades: (TIME TO BUY SOME FIRE INSURANCE) 3) Time to Buy Some Fire Insurance. I am looking at oil take a swan dive here, bonds pop a point, and even gold performing a rallyette off its $1,700 low. It all looks like 'RISK OFF' to me. So I'm thinking gee, maybe I should hedge […]

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August 25, 2011 – Macro Millionaires Post One Day Gain of 120% on Gold Shorts

Featured Trades: (THE BUBBLE HAS BURST IN GOLD), (GLD)   2) Macro Millionaires Post One Day Gain of 120% on Gold Shorts. It's déjà vu all over again. I spoke to a friend in Tokyo two nights ago who told me that local gold scrapage companies were seeing lines extending out the door. This is […]

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August 25, 2011 – Time to Double Up on the (TBT)

Featured Trades: (THE BUBBLE HAS BURST IN BONDS TOO), (TBT), (TLT) 3) Time to Double Up on the (TBT). I have mentioned in recent days that the stock market is close to fully discounting a recession that isn't going to happen. The bond market is saying that recession is a certainty, that we are already […]

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August 25, 2011 – The Dead Hand of the Baby Boomer on the Market

Featured Trades: (THE DEAD HAND OF THE BABY BOOMER ON THE MARKET)   4) The Dead Hand of the Baby Boomer on the Market. From this year, the nation’s 80 million baby boomers have started retiring in large numbers, creating a major depressive effect on stock prices, virtually assuring that we will endure a second […]

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August 24, 2011 – My View of the Stock Market for the Rest of 2011

SPECIAL MODEL PORTFOLIO ISSUE   1) My View of the Stock Market for the Rest of 2011. Down, then up, then down again. How about that? I believe that the global risk markets will bottom sooner than people think, and that the time has come to compile a shopping list of investments to pick up […]

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August 24, 2011 – What to Buy at the Bottom

SPECIAL MODEL PORTFOLIO ISSUE FOR PAID SUBSCRIBERS ONLY To obtain this issue in full with Model Portfolio, please subscribe to The Diary of a Mad Hedge Fund Trader   2) What to Buy at the Bottom.

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August 24, 2011 – The Method to My Madness

SPECIAL MODEL PORTFOLIO ISSUE   3) The Method to My Madness. The portfolio that I have assembled here capitalizes of the major long term trends that will dominate the global economy for the next decade. Long term followers of this letter will know the names well, as these were the ones we rode up from […]

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August 23, 2011 – Those Damn Europeans!

Featured Trades: (THOSE DAMN EUROPEANS!), (AAPL) 1) Those Damn Europeans! I am tearing up my Eurail Pass, returning my espresso machine to Costco, and sending my gelato maker to the recycling center. Next year's summer vacation is going to be at Coney Island, not the Italian Rivera. Those damn Europeans are spoiling everything! The US […]

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August 23, 2011 – How to Play Jackson Hole

Featured Trades: (HOW TO PLAY JACKSON HOLE), (DBA), (FXE), (USO), (CU), (PALL), (UUP), (GLD), (SFS), (FXJ), (FXA), (FXC)   2) How to Play Jackson Hole. I remember when the meeting of economists at Jackson Hole was one of those boring, under the radar, non-stories that only those with an interest in the arcana of macroeconomic […]

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