Archive | July, 2012

July 18, 2012 – Quote of the Day

“I’m long tear gas after the Athens experience. They are going to need that tear gas in Rome and Madrid at some point,” said Steve Cortez at Veracruz Research.

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Watch Out for Those Statistics

During my college days, one of my math professors used to repeat a truism: “Statistics are like a bikini; what they reveal are fascinating, but what they conceal is essential.” That has increasingly becoming the case with US economic data, which are leading investors astray with their faulty guidance. It turns out that most government […]

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This Party is About to End

They are really rocking the market today, with the Dow up nearly 200 points off the back of a non-disastrous Chinese GDP growth figure of 7.7%. However, there is a serious disconnect going on in our markets which suggests to me that our own party may be about to end. Yesterday’s blockbuster weekly jobless claim […]

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Thoughts at Sea Aboard the Queen Mary 2, Part I

Location: 48 degrees, 02.12 minutes North, 043 degrees, 42.08 minutes East, or 1,421 nautical miles ENE of New York. The Queen Mary 2 is currently plowing its way through a massive fog bank a thousand miles thick, sounding the foghorn every two minutes. Visibility is less than 100 yards, and the waves are a rough […]

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July 17, 2012 – Quote of the Day

“It’s a bit like looking for gold in a minefield,” said Fidelity International’s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country.

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Trade Alert – (TLT) July 16, 2012

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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SOLD OUT Last Chance to Come Join Me for the Paris Strategy Luncheon – July 17, 2012

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Paris on Tuesday, July 17, 2012. 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, […]

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Don’t Hold Your Breath for Residential Real Estate

Every few weeks I get a warm and fuzzy feeling when I see my old house for sale in the Wall Street Journal. I’m sure you’ve seen it. It’s the 8,500 square foot, four bedroom, seven bathroom white elephant perched on a mountain peak, with a dramatic waterfall pouring into a marble swimming pool, and […]

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The Real Estate Market in 2030

A number of analysts, and even some of those in the real estate industry, are finally coming around to the depressing conclusion that there will never be a recovery in residential real estate. Long time readers of this letter know too well that I have been hugely negative on the sector since late 2005, when […]

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July 16, 2012 – Quote of the Day

“People think that Treasury bonds are riskless, but a 100 basis point rise in interest rates leads to an 18% capital loss,” said Andrew Neale, a portfolio manager at Fogel Neale Partners.

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Don’t Miss the July 18 Global Strategy Webinar

My next global strategy webinar will be held on Tuesday, July 18 at 12:00 noon EST. This webinar will be broadcast live from Frankfurt, Germany. The Germans are pretty good at this technology stuff, so I don’t think that I’ll have any broadcast issues, although I can’t guarantee the sound quality in North Korea, Yemen, […]

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Why I Love/Hate the Oil Companies

The first thing I do when I get up every morning is to curse the oil companies as the blood sucking scourges of modern civilization. I then fall down on my knees and thank God that we have oil companies. You’ve got to love ExxonMobile (XOM). The world’s largest company announced an unbelievable $125 billion […]

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Now Made in China: The Oakland Bay Bridge

Another great American Icon is falling victim to the collapse of the country’s manufacturing industry. Shanghai Zhenhua Heavy Industries has completed construction of the last of four steel modules for the new Oakland Bay Bridge. The pieces of this giant erector set, which weigh 5,300 tons together, will shortly begin the arduous 22 day journey […]

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July 13, 2012 – Quote of the Day

“I’m long tear gas after the Athens experience. They are going to need that tear gas in Rome and Madrid at some point,” said Steve Cortez at Veracruz Research.

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Last Chance to Come Join Me for the London Strategy Luncheon – July 16, 2012

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in London on Monday, July 16, 2012. 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, […]

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