Global Market Comments November 19, 2012 Fiat Lux Featured Trades: (SURPRISE JAPANESE ELECTION SENDS YEN CRASHING) (FXY), (YCS) (KISS THAT UNION JOB GOODBYE) (AN AFTERNOON WITH HELEN THOMAS) Currency Shares Japanese Yen Trust ProShares UltraShort Yen

For the first time in history, a national election will be held over monetary policy. I’m not talking about putting quantitative easing up for a vote here in the US. It is Japan that is asking the average voters whether its central bank should be speeding up the printing presses, or slowing them down. While [...]

I managed to catch up with my former white House Press Corp colleague, Helen Thomas, when her national book tour swung through San Francisco. At 91, Helen is the oldest and longest serving member of this esteemed group of journalists, and has the traditional right to ask the first question at each press conference. The [...]

Global Market Comments November 16, 2012 Fiat Lux Featured Trades: (JANUARY 4, 2013 CHICAGO STRATEGY LUNCH), (A NOTE ON THE NOVEMBER OPTIONS EXPIRATION) (FXY), (CORN) (LUNCH WITH THE TREASURY SECRETARY) Currency Shares Japanese Yen Trust Teucrium Commodity Trust Corn Fund

Today, Friday, is the monthly options expiration, and we have a couple of positions that will expire in the money at their maximum value. One is the November (FXY) 11/$124-$127 bear put spread, where the underlying ETF closed at $120.88 on Thursday, so it will expire well in the money. It looks like Japan is [...]

When I wake up at 4:30 am each morning to check the overnight markets and review the opening salvo of incoming emails, I often have trouble focusing in my groggy, impaired state. So I had to blink twice when the first message in my inbox politely inquired if I had time to meet the Secretary [...]

Global Market Comments November 15, 2012 Fiat Lux Featured Trades: (TAKING OUT SOME FISCAL CLIFF INSURANCE), (SPY), (IWM), (NOTE TO MY TEXT ALERT USERS IN CHINA) (A QUICK NOTE ON OIL), (USO) S&P 500 SPDRs Russell 2000 iShares United States Oil Fund, LP

Please be aware that all SMS text messaging to China has been blocked until the 21st November 2012. This is due to the Ministry of Industry and Information Technology of the People’s Republic of China placing restrictions on the use of SMS messaging throughout the duration of the 18th National Congress of the Communist Party [...]