Archive | December, 2011

Angela Merkel Torpedoes the Euro

The Euro hit my yearend target today after a two cent plunge sent it down to the $1.29 handle. You can thank German Chancellor, Angela Merkel, who in the strongest possible terms, said there was no way she would consent to an increase in the size of the European bailout package. It didn’t help that […]

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Cross Market Correlations Are Breaking Down

Today was a real head scratcher for long time market observers, including myself. Cross market correlations that have served me so well this year are breaking down, and their predictive power has suddenly gone blind. I blame this on the liquidity drought that has plagued the market since the beginning of the month that has […]

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Testimonial

I’m only 45 days into “Macro Millionaire” and I wanted to drop a note to say thank you. As a relatively novice trader, your perspective, analysis and trade alerts have given me the tools to show a 96% return so far. They’ve been a result of my taking additional risk with your ideas. You have […]

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December 14, 2011 – Quote of the Day

“We should thank Meredith Whitney for creating a buying opportunity in municipal bonds,” said Aaron Gurwitz, CIO and chief strategist at Barclays  Wealth Management.

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Silver Turns to Lead

I have to tell you that I am not feeling the love from my silver position. I hung on faithfully for a month while the (SLV) churned around the 50 day moving average, building a base for a possible upside breakout. It was not to be. With another “RISK OFF” day on our plate this […]

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California’s War Against Millionaires

With the onset of the 2012 elections in a few weeks, the class warfare against the millionaires is about to start in earnest. In California, the issue has already been decided, and the millionaires have definitely lost. On the November ballot will be no less than five measures to raise taxes on high income earners, […]

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December 13, 2011 – Quote of the Day

“Isn’t it funny when you walk into an investment firm, and you see all of the financial advisors watching CNBC—that gives me the same feeling of confidence I would have if I walked into the Mayo Clinic or Sloan Kettering and all of the doctors were watching the TV soap opera General Hospital,” said a […]

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Trade Alert Update – (SLV) December 12, 2011

Trade Alerts are a premium subscription service, you must login to read the details. 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.

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Trade Alert – (SLV) December 12, 2011

Trade Alerts are a premium subscription service, you must login to read the details. 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.

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Jobless Claims Give More Fodder to the Bulls

No, the important economic event of the week was not the snail like progress towards solution of the European debt debacle. It was the weekly jobless claims announced on Thursday that plunged 23,000 to 381,000, a six month low. That puts it well below the 400,000 level where the economy is generally thought to be […]

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Market Gives Thumbs Up on European Plan

Having the flu during the holidays is the pits. This weekend, I blew my nose at the Cirque du Soliel so loudly that is perilously distracted some of the high wire acrobats. I coughed and hacked my way through the San Francisco Ballet’s Nutcracker Suite. Even the eggnog is utterly tasteless, no matter how much […]

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December 12, 2011 – Quote of the Day

“I don’t know where the next 1,000 points is coming from, but I know where the next 10,000 points is coming from,” said Sir John Templeton, when he was playing chess with me at his home at Lyford Cay in the Bahamas many years ago.  

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Trimming Down the Book for Year-end

Given the failure of the “RISK OFF” trade to develop any serious downside momentum this week, I am using the dip this morning to take a small profit on my S&P 500 ETF (SPY) puts. We had every reason to go down, given the Standard and Poor’s threatened European debt downgrade on Monday night. If […]

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December 8, 2011 – Quote of the Day

“You are either looking out five days or five years in this market. You’re either a surfer or a yacht. There are no small boats anymore,” said Bob Iaccino, a trader at Your trading room.com.

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Trade Alert Update – (SPY) December 7, 2011

Trade Alerts are a premium subscription service, you must login to read the details. 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.

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