I took a break for the last few days, and skipped a letter for the first time in five years to take turkey with the expanded family. A 30 pound bird made the ultimate sacrifice, and was accompanied with mashed potatoes, gravy, stuffing, potato salad, mince pie, and a fine Duckhorn Chardonnay. No pardons here. [...]

Global Market Comments November 26, 2012 Fiat Lux Featured Trades: (NOVEMBER 28 GLOBAL STRATEGY WEBINAR), (WHY I AM SO RELAXED), (SPY), (AAPL), (GOOG), (IWM), (FXY), (FXE), (USO) (WHY OIL IS GOING TO ZERO), (USO) S&P 500 SPDRs Apple, Inc. Google, Inc. Russell 2000 ishares Currency Shares Japanese Yen Trust Currency Shares Euro Trust United States [...]

My next global strategy webinar will be held on Wednesday, November 28 at 12:00 noon EST. 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 assets in the world to buy, the most expensive to sell short, and the appropriate [...]

Take a look at the two sets of figures below projecting polar opposite scenarios for my model trading portfolio at the 2012 year end book closing. Each existing position for my notional $100,000 model portfolio is listed with the anticipated profit and loss for December 31. The best-case scenario assumes a continued “RISK ON” environment [...]

Global Market Comments November 20, 2012 Fiat Lux Featured Trades: (IS AN APPLE SHARE BUY BACK IMMINENT?) (WATCH OUT FOR THE CHIHUAHUA GLUT), (TRADE ALERT ON THE JAPANESE YEN), (FXY) Currency Shares Japanese Yen Trust

The rumor mill in Silicon Valley went into overtime on Friday when the shares of Apple (AAPL) briefly tickled $505/share. The plunge took the company valuation close to an all time low. With nearly $150 billion in cash on the balance sheet, was it time for the firm to announce its first ever share repurchase [...]

Last week, I wrote about the Nevadan wrinkle in the housing crisis, where distressed homeowners are letting their horses go wild in order to make their mortgage payment. Now neighboring California is facing a Chihuahua glut, where evicted homeowners are handing over their pets to animal shelters. The diminutive Mexican canine enjoyed a boom in [...]

Expiration of the Currency Shares Japanese Yen Trust (FXY) November, 2012 $124-$127 put spread at $3.00 Closing Trade- No action required 11-19-2012 – 2:00 PM EST expiration date: November 16, 2012 Portfolio weighting: 10% = 40 contracts This was a bet that the Currency Shares Japanese Yen Trust (FXY) traded at or below $124.45 on [...]

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 [...]