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What’s Going on With Google?

Google has not launched any sexy, new, must-have products. There have been no substantial software upgrades, but their stock has risen a blistering 36% since its June bottom — even outperforming idolized Apple (AAPL) by a large margin. What gives? Scanning the current research on Sergei Brin and Larry Page’s start-up won’t do you any […]

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Gold is Breaking out to the Upside.

Look at the $25 move in gold today, and it’s clear that an upside breakout is imminent. It made this move on a whisper of a rumor about a speculation that China may take out an eyedropper and tickle their economy with a few more drops of stimulus. This is proof positive of how sensitive […]

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October 1, 2012 — Quote of the Day.

“Quantitative easing is the new interest rate,” said hedge fund legend, Ray Dalio of Bridgewater Associates.  

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Do the Ratings Agencies Need New Typists?

If there were ever a deep lagging indicator, it is a downgrade by a ratings agency. While the housing market peaked in 2006, these despised institutions didn’t get around to marking paper down from triple “A” to junk until four years later. Then in August, 2011, Standard and Poor’s downgraded U.S. Treasury bonds. After that, […]

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Bill Ackman’s Hong Kong Dollar Play

You are all well aware of my love affair with the Chinese Yuan (CYB), which I expect to appreciate substantially in coming years off the back of China’s continuing economic miracle. Bill Ackman, of Pershing Square Capital Management fame, has come up with his own variation, that of piling on a leveraged long in the […]

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Watch Out For Those Dinosaur Turds

The dinosaur bone market has crunched. Once a favorite collectible of high-flying hedge fund managers, the prices of everything from tyrannosaurus rex to brontosaurus fossils have skidded. A recent auction of a triceratops skeleton failed to reach its minimum bid of $1 million. Even prices for fossilized dinosaur excrement, a popular niche market, have gone […]

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September 28, 2012 — Quote of the Day

“Buy and hold is unfortunately completely out the door. People have to be more active than ever before. It is going to be very difficult for individual investors. You are going to end up with a return of 5% or so best case.” said Jeffrey Gundlach, CEO of fixed income manager Doubleline.

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