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October 10, 2012 — Quote of the Day.

“I would caution anyone who is booking a funeral home for the final passage of the Apple story,” said hedge fund manager, Josh Brown

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My Old Pal, Leonardo Fibonacci.

I remember the 12th century like it was yesterday. In those days, the leading intellectuals used to get together and drink wine by the gallon, which then was really little more than rotten grape juice. The problem was that we all used to pass out before anybody came up with a great idea. Then someone […]

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October 9, 2012 — Quote of the Day.

“The planets are aligning for a huge Christmas quarter for Apple. If the supply constraints come off, we could see 240-250 million units of the iPhone 5 sold in fiscal 2013,” said David Rolfe, chief investment officer at Wedgewood Partners.  

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The Bernanke Death Blow for Volatility.

Long suffering holders of the volatility ETF (VXX), might be celebrating over the recent price, now trading at $34 compared to $8 the week before. They better take another look. The beleaguered fund just had a four-to-one reverse split. The price may be four times higher now, but owners now have only one-fourth as many […]

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October 8, 2012 — Quote of the Day.

“If U.S. equities are a “buy on weakness,” European equities are a “sell on strength,” said Jim McCaughan, president of global asset management for Principal Financial Group.

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Don’t Miss the October 10 Global Strategy Webinar.

My next global strategy webinar will be held on Wednesday, October 10 at 12:00 noon EST. This webinar will be broadcast from back home in San Francisco, so everything should work. I’ll be giving you my updated outlook on stocks, bonds, commodities, currencies, precious metal, and real estate. The goal is to find the cheapest […]

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Why You Should Care About the Iran Rial Collapse.

The Iranian Rial has just suffered one of the most cataclysmic crashes in the recent history of the foreign exchange markets. It is off 25% this week, and has plummeted a mind-numbing 72% since the beginning of 2011. One dollar now buys 35,500 Rials. Watch out Zimbabwe! When communications between intelligence agencies suddenly spike, as […]

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October 5, 2012 — Quote of the Day.

You’ve already seen Greek bonds fall by 90%. The dominoes in Europe will fall. There’s no way around it. Imagine a group of countries that have been fighting for 200 years suddenly ceding their sovereignty to Germany, or to some other higher authority,” said Kyle Bass of hedge fund Hayman Capital Management.  

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Sign up for my Text Alert Service.

The most frequent complaint that I get about my market beating Trade Alert Service is that readers get them too late to act upon. Email is anything but a perfect system of communication. Alerts end up in spam filters, get backlogged in local provider servers, or just plain disappear into thin air. When this happens […]

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Report from Napa Valley.

I am writing this from my table at the Duckhorn Winery in sunny Napa, California. One of the joys of living in the San Francisco Bay area is that I can pop up here on a slow afternoon and pick up members’ bottles from the dozen-or- so wine clubs to which I belong. Duckhorn does […]

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October 4, 2012 — Quote of the Day.

“U.S. equities have been strong this year because the fundamentals of U.S. business, technology, innovation, improving productivity, are enough to justify most of the gains we have seen”, said Jim McCaughan, president of global asset management for Principal Financial Group.  

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Ready to Take Some Pain?

Look at the chart below and it is clear that Ben Bernanke’s announcement of QE3 triggered a classic “Buy the rumor, sell the news” type reaction in the market. The market rose for literally a few hours after the epoch-making announcement. After that, it has been all slow grind and chop sideways. Are we setting […]

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October 3, 2012 — Quote of the Day.

“The word is now that they are going to keep their foot on the accelerator well into the recovery. Not only are they wishing for high inflation, they are targeting high inflation,” said my friend Mohamed El-Erian, CEO of bond giant PIMCO.

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Report From Las Vegas.

I am writing you from the poolside cabana B-2 at the Bellagio Hotel in Las Vegas. It is 90 degrees in the shade and the air is bone- dry, so I’m on my third banana daiquiri for the day. I can relax here these days. The days when I risked getting my hands broken with […]

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October 2, 2012 — Quote of the Day

“Gold is my cash. Over the long term it is not the best investment. But when you are having a monetary crisis it should be part of every portfolio,” said hedge fund legend, Ray Dalio of Bridgewater Associates.

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