Global Market Comments May 14, 2013 Fiat Lux Featured Trade: (REPORT ON THE SKYBRIDGE ALTERNATIVES CONFERENCE) (REPORT FROM LAS VEGAS)

I am writing to you from the poolside cabana number B-2 at the Bellagio Hotel in Las Vegas. It is an unseasonably cool 70 degrees in the shade and the air is bone- dry, so I’m on my third banana daiquiri for the day. The days when I risked getting my hands broken with a [...]

As with all of my visits to Sin City, I made a beeline to my inside guy — a blackjack dealer at Caesar’s Palace. It’s been a slow summer and an even slower fall. With global warming delivering the hottest summer in history, the last place tourists wanted to visit was the desert. Midwesterners have [...]

Global Market Comments May 13, 2013 Fiat Lux Featured Trade: (MAY 15 GLOBAL STRATEGY WEBINAR), (JAPAN IS JUST GETTING STARTED), (THE PASSING OF A GREAT MAN)

My next global strategy webinar will be held on Wednesday, May 15 at 12:00 noon EDT. This one will be open to the public, so login in early to get a space. I’ll be giving you my updated outlook on stocks, bonds, commodities, currencies, precious metal, and real estate. The goal is to find the [...]

Constantly chained to my MacBook Pro at home writing this letter, it is not often that I am in the room when a major market-moving event occurs. That is what happened at the SkyBridge Alternatives Asset Conference (SALT) in Las Vegas on Thursday (click here for the link at http://www.saltconference.com/). I was listening to one [...]

It was with a heavy heart that I boarded a plane for Los Angeles to attend a funeral for Bob, the former scoutmaster of Boy Scout Troop 108. The event brought a convocation of ex-scouts from up and down the West coast, and said much about our age. Bob, 85, called me two weeks ago [...]

Global Market Comments May 10, 2013 Fiat Lux Featured Trade: (THE REAL ESTATE MARKET IN 2030) (BREAKFAST WITH FED GOVERNOR BOB MCTEER), (TAKE A RIDE IN THE NEW SHORT JUNK ETF), (SJB), (JNK), (CORN) ProShares Short High Yield (SJB) SPDR Barclays High Yield Bond (JNK) Teucrium Corn (CORN)

Long time readers of this letter know too well that I have been hugely negative on the sector since late 2005, when I unloaded all of my holdings (click here for ‘The Hard Truth About Residential Real Estate’).  However, I believe that ‘forever’ may be on the extreme side. Personally, I believe there will be [...]