Archive | November, 2012

Where The Economist “Big Mac” Index Finds Currency Value.

My former employer, The Economist, once the ever tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its “Big Mac” index of international currency valuations (click here for the link). Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly […]

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November 12, 2012 — Quote of the Day.

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

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November 8, 2012

Global Market Comments November 9, 2012 Fiat Lux Featured Trades: (THE TRUE COST OF OIL), (AN EVENING WITH HILLARY CLINTON), (ONLY BUY COMPANIES YOU HATE) (AAPL), (BP), (C), (MO), (PFE), (GS) Apple, Inc. BP Amoco PLC Citigroup, Inc. Altria Group Inc. Pfizer, Inc. Goldman Sachs Group, Inc.

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The True Cost of Oil.

I received some questions last week on my recent solar pieces as to whether I minded paying more money for “green” power. My answer is “hell no,” and I’ll tell you why. My annual electric bill comes to $1,500 a year. Since the California power authorities have set a goal of 33% alternative energy sources […]

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An Evening With Hillary Clinton.

When Secretary of State Hillary Rodham Clinton passed through San Francisco last week I jumped at the chance to get an up-to-date overview on American foreign policy. The former first lady was making a brief San Francisco stop off on her way to meet leaders on an extended Asian tour. She showed up wearing one […]

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Only Buy Companies You Hate.

Dilbert cartoonist, Scott Adams, argues that you should invest in companies you hate because only the most unprincipled and rapacious firms make the greatest profits. Moral bankruptcy is a great leading indicator of success, and the best ones can get you to balance your wallet on the end of your nose and bark like a […]

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November 8, 2012 — Quote of the Day

“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.  

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Enjoy the Dollar Rally While it Lasts.

Any trader will tell you the trend is your friend, and the overwhelming direction for the US dollar for the last 220 years has been down. Our first Treasury Secretary, Alexander Hamilton, found himself constantly embroiled in sex scandals. Take a ten dollar bill out of your wallet and you’re looking at a world class […]

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November 8, 2012

Global Market Comments November 8, 2012 Fiat Lux Featured Trades: (ENJOY THE DOLLAR RALLY WHILE IT LASTS), (THE PRICE TAG FOR CLEAN COAL), (THE WORLD’S LARGEST SOLAR PLANT)

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The World’s Largest Solar Plant.

Unfortunately, I know Blythe, California too well. This natural blast furnace is in a God-forsaken corner of the state where I hunted jack rabbits as a kid, the Indians survived on Gila monsters for protein, and it regularly reaches 130 degrees in the shade. It is also where Peter Fonda and Dennis Hopper crossed the […]

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The Price Tag for Clean Coal.

I wanted to get the lowdown on clean coal to see how clean it really is, so I visited some friends at Lawrence Livermore National Laboratory. The modern-day descendant of the Atomic Energy Commission (where I had a student job in the seventies), the leading researcher on laser-induced nuclear fission, and the administrator of our […]

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Testimonial.

I’ve been an almost-daily reader of your blog for about a year now. You helped me through some rough times and after this summer, I’m personally able to say that I’ve vetted and profited off your information enough to justify paying for a peek behind the curtain. I’d like to join the Trade Alert Service […]

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November 8, 2012 — Quote of the Day.

“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 Schroeder’s.  

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November 7, 2012

Global Market Comments November 7, 2012 Fiat Lux Featured Trades: (JANUARY 4, 2013 CHICAGO STRATEGY LUNCH), (ELECTIONS IN DAYS GONE PAST), (SPY), (IWM), (AAPL), (FXY), (FXE), (GLD), (JPM), (BAC), (ATTEND MY OPTIONS SCHOOL) S&P 500 SPDRs Russell 2000 iShares Apple, Inc. Currency Shares Japanese Yen Trust Currency Shares Euro Trust SPDR Gold Trust Shares J.P. […]

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Elections in Days Gone Past.

I am headed for the airport shortly and wanted to dash off a quick note. On Wednesday, I am hosting my Houston strategy luncheon, and Thursday I am conducting my options school in Tampa, Florida (see below). On Friday, I am the keynote speaker at the HS Dent Network conference. So it will be a […]

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