November 1 : Quote of the Day

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“It is not my job to guarantee financial stability,” said outgoing European Central Bank President, Jean Claude Trichet. … [Read more...]

Making Waves In China

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I certainly made a splash during my recent visit to China, where the local press covered me like a visiting rock star. I guess personally knowing the founders of the modern People’s Republic and being one of the few westerners to survive the Cultural Revolution 40 years ago, didn’t hurt. To read the full page coverage in the South China Morning Post detailing my current … [Read more...]

My Take on the “Occupy Wall Street” Movement

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“How to dress for a riot?” was the question I found myself facing as I prepared to depart for an “Occupy San Francisco” demonstration and march in San Francisco on Saturday morning. I settled for Levis, Nike’s, a black T-shirt, a black and orange San Francisco Giants baseball cap, and a great big handkerchief in my back pocket for the tear gas. In other words, I looked like an … [Read more...]

Macro Millionaires Make Instant Killing on Euro Short

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Macro Millionaires made an instant killing on the collapse of the Euro today, scoring a one day gain of 58% from the Friday close. Those who bought the double leveraged short Euro ETF, the (EUO), scored an immediate 6.5% profit. Thanks to these red hot trades, Macro Millionaires are now up nearly 44% in their virtual hedge funds year to date. The Month of October came in at a … [Read more...]

SOLD OUT! Last Chance to Join the San Francisco November 4 Strategy Luncheon

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Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in San Francisco on Friday, November 4, 2011. An excellent meal will be followed by a wide ranging discussion and a 60 minute question-and-answer period. I’ll be giving you my up-to-date view on stocks, bonds, currencies, commodities, precious metals, and real estate. And … [Read more...]

The Stock Market’s Dream Scenario

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I’m sitting here with a mountain of technical analysis reports that are causing my desk to buckle this morning, all shouting “breakout”, “buy”, and “uptrend”. So I’m wondering, “is there a scenario out there where these might actually come to pass?” At this point I thought it might be useful to engage in what Albert Einstein called “thought experiments” and come up with a … [Read more...]

Who’s Doing All That Buying?

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Market observers were stunned, amazed, and gob smacked when trading volumes surged with the 300 point move in the Dow last Thursday. Are retail investors at last making a long awaited return to the stock market? Have they broken with tradition and started buying a bottom, instead of a top? Not a chance. Much of the volume spike can be traced to the obscure mathematics of … [Read more...]

Bond Market Crash Sends Macro Millionaire to New All Time High

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The abject failure of yesterday’s seven year Treasury bond auction and the crash that ensued has enabled the year-to-date return for my Macro Millionaire trade mentoring program to soar to a new all-time high of 43%. The 30 year bond plunged a staggering six points from the previous day’s high. Yields on ten year government paper have ratcheted up 50 basis points in just a few … [Read more...]

Report From New Zealand

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I am writing this report from the Duke of Marlborough Hotel and Pub in remote Russell, off the east coast of New Zealand’s North Island. One known as “The Hell Hole of the Pacific”, in 1835, no less an authority than Charles Darwin claimed this 19th century whaling port was populated with “the refuse of humanity.” It has since been cleaned up, gentrified, and turned into a … [Read more...]

Testimonial

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I have always had a passion for the markets and Macro Millionaire gave me the courage to make my first trade. At the time I was unemployed and put in everything I could scrape together - about ten thousand dollars. For me this was a free education, as the profits would pay for all the books and the fee. My father gave me some money as a gift, while telling me ‘I was crazy’ … [Read more...]

Quote of the Day: October 28th

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"It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price” said Oracle of Omaha, Warren Buffett. … [Read more...]

Trade Alert – (FXE) October 27, 2011

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As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price. … [Read more...]

Get Ready to Short the Euro Again

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The financial markets exploded to the upside overnight with news of Europe’s triple resolution of their sovereign debt crisis. As I predicted in my letter only yesterday, the move has caught traders by surprise, enabling markets to break out to the upside from the recent ranges, and give this fall rally longer legs than most expect. As I write this piece, the (SPX) futures … [Read more...]

The Bull Market in Mustangs

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The Western US has found a new wrinkle in the housing collapse, where homeowners are desperately struggling to cut living costs to meet the next doubling of their adjustable rate mortgage payments on their underwater houses. Raising horses can cost more than children, so Nevadans are turning them loose to join herds of wild mustangs, to dodge the $30,000/year it costs to … [Read more...]

Watch Me on Money Show TV

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My friend, Charles Githler, organizer of the hugely successful Money Shows, graciously invited me to appear as a keynote speaker at the recent Las Vegas event. You will never find more talent, useful tools, and new points of view under one roof than any other confab of this kind. And best of all, they are free to attend. After my speech, I made a series of instructional … [Read more...]

Quote of the Day: October 27th

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“A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain,” said the American poet laureate, Robert Frost. … [Read more...]

SOLD OUT! Orlando November 10th Strategy Luncheon

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Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Orlando, Florida on Thursday, November 10, 2011. An excellent meal will be followed by a wide ranging discussion and an open ended question-and-answer period. I’ll be giving you my up-to-date view on stocks, bonds, currencies, commodities, precious metals, and real … [Read more...]

Sold Out! Portland November 25th Strategy Luncheon

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Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Lunch, which I will be conducting in Portland, Oregon at 12:00 noon on Friday, November 25, 2011, the day after Thanksgiving. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving you my up to date view on stocks, bonds, currencies, … [Read more...]

Winging My Way Back From China

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I am writing TO you from my first class seat on Singapore Airlines, winging my way the 12 hours from Hong Kong to San Francisco. While most airlines jettisoned their first class sections years ago as a cost saving measure, Singapore carried on to maintain its reputation as the best airline in the world. The small section at the front of the bus is populated with a few Chinese … [Read more...]

Quote of the Day: October 26th

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“Seek the truth, and let the chips fall where they may,” Said White House Correspondent, Helen Thomas, about her profession, adding “I’m a cynic with hope.” … [Read more...]

SOLD OUT! San Francisco November 4th Strategy Luncheon

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Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in San Francisco on Friday, November 4, 2011. An excellent meal will be followed by a wide ranging discussion and a 60 minute question-and-answer period. I’ll be giving you my up-to-date view on stocks, bonds, currencies, commodities, precious metals, and real estate. And … [Read more...]

The New War on Hedge Fund Managers

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Yang Yanming was slowly led from his cell by two burly uniformed guards in Beijing’s central prison to a waiting van in the courtyard guards, his hands cuffed behind him and his head bowed. Once in the vehicle, he was strapped to a gurney, hooked up to an IV, and given a highly concentrated injection of sodium pentobarbitol. Minutes later, a technician checked his pulse, and … [Read more...]

Tea With Secretary of State George Schultz

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Having spent time as an economics professor at MIT, Dean of the University of Chicago business school, Treasury Secretary, and Secretary of State, George Schultz has certainly covered all the bases. Now 89, he is the senior statesman and eminence gris of San Francisco, as well as a major philanthropist. When I read his bio, I feel like my own life in comparison has been … [Read more...]

October 21, 2011

“It amazes me how quickly amnesia sets in,” said Stephen Crawford, former co-president of Morgan Stanley, about the willingness of hedge funds to re-leverage positions in these conditions. … [Read more...]

October 20, 2011

“To get rich is glorious!” said Deng Xiaoping, the Chinese general who launched the country’s modern economy in the seventies. … [Read more...]

October 19, 2011

We have been pretending that we’re too big to fail. We’re not too big to fail, You can jump off of a 90 story building and feel fine for the first 89 stories. It’s the sudden stop at the end that tells you you’re not.” said Tom Friedman, New York Times columnist and author of [...] … [Read more...]

October 18, 2011

“At some point in 2011, knuckles are going to be turning white, and we’ll see whatever rabbits Ben Bernanke is going to have to pull out of his hat”, said David Rosenberg of Gluskin, Sheff in Associates … [Read more...]

October 17, 2011

The problem with the Fed is that they work in a refinery and they’re playing with matches. They’re doing brain surgery with a machete,” said Robert Brusca, chief economist at Fact and Opinion Economics … [Read more...]

October 14, 2011

“A lie can travel half way around the world before the truth gets its boots on,” said the 19th century humorist, Mark Twain. … [Read more...]

October 13, 2011

 “Investing is the only endeavor in which victory goes to the minority,” said the great economist, John Maynard Keynes. … [Read more...]

October 12,2011

“If there were no way to short stocks, the probability of stock market bubbles would be much greater,” said hedge fund manager, Bill Ackman, of Pershing Square. … [Read more...]

October 11, 2011

“Few people think more than two or three times a year; I have made an international reputation for myself by thinking once or twice a week.” -  George Bernard Shaw … [Read more...]

Last Chance to Join the October 18 Singapore Strategy Lunch.

Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Singapore on Tuesday, October 18, 2011. A multicultural vegetarian meal will be followed by a wide ranging discussion and a 60 minute question and answer period. I’ll be giving you my up to date view on stocks, bonds, currencies, commodities, precious metals, and real … [Read more...]

October 10, 2011

“Something is going to be passed by the congress. The only question is, will it happen before, or after a bond market crisis. There’s no alternative,” said Dr. Alan Greenspan, former chairman of the Federal Reserve. … [Read more...]

October 7, 2011

“Now, you are starting to see people front run hedge fund books. People are front running John Paulson’s book. Everybody can see this. People are starting to line up the ducks and ask which hedge funds are going to have redemptions. Which position should I get in front of? Gold is a big problem in that environment. Guess what? The biggest position in the hedge fund community is … [Read more...]

October 6, 2011

“Credit default swaps don’t lie, people do. This is going to be an interesting quarter,” said Keith McCoullough, CEO of Hedgeye Risk Management. … [Read more...]

October 5, 2011

“I went out to a pub last night and, amazingly, everyone was spending money, drinking up, and having a good time. There’s a recession only for the participants in the industry. There’s no recession for 98% of the population,” said Andrew Brough, a fund manager at Schroeders. … [Read more...]

Come Join Me for Lunch in Hong Kong on Friday, October 21, 2011

Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Hong Kong on Friday, October 21, 2011. A three course meal will be followed by a wide ranging discussion and an extended minute question-and-answer period. I’ll be giving you my up-to-date view on stocks, bonds, currencies, commodities, precious metals, and real … [Read more...]

Come Join me for Lunch in Brisbane Australia on October 17.

Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Brisbane, Australia on Monday, October 17, 2011. An excellent meal will be followed by a wide ranging discussion and an extended question and answer period. I’ll be giving you my up to date view on stocks, bonds, currencies, commodities, precious metals, and real … [Read more...]

Last Chance to Join Me For Lunch in Sydney, Australia Tuesday, October 11.

Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Sydney, Australia on Tuesday, October 11, 2011. A an excellent meal will be followed by a wide ranging discussion and a minute question and answer period. I’ll be giving you my up to date view on stocks, bonds, currencies commodities, precious metals, and real estate. … [Read more...]

October 4, 2011

“Volatility is permanently going to be here. It is never going away. We have technology that connects investors all around the world so that we can all panic now on a real time basis. If we can day trade stocks on our cell phone, I guarantee that someone on the Hong Kong subway is doing the same thing,” Said Michael Yoshikami, CEO of YCM Net Advisors. … [Read more...]

October 3, 2011

“Anyone who has a yearend price target is a fool,” said Jack Bogle, founder of the Vanguard index funds. … [Read more...]