Why US Stocks Are Dirt Cheap

Once again, the hedge fund industry got it wrong. To a man, traders were positioned for a “Sell in May,” a big summer rout, and a chance to hoover up stocks at distressed prices in August. The only problem with this scenario is that it just plain didn’t happen, leaving more than a few traders […]

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August 6, 2013 – Quote of the Day

If you can get a dividend higher than the yield on ten-year debt, it’s an opportunity we haven’t seen in our lifetime. On a five-year horizon, investing in large multinationals with high dividends will have a large payday,” said Lawrence Fink, CEO of BlackRock.

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August 5, 2013 – MDT Midday Missive

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors […]

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August 5, 2013 – MDT Pro Tips A.M.

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors […]

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August 5, 2013

Global Market Comments August 5, 2013 Fiat Lux Featured Trade: (THE MYSTERY OF THE STRONG EURO), (FXE), (EUO), (THE LONG VIEW OF THE US ECONOMY) CurrencyShares Euro Trust (FXE) ProShares UltraShort Euro (EUO)

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The Mystery of the Strong Euro

I sit here on the Carrera marble paved terrace of the Emperor’s Suite of the Imperial Hotel, in Santa Margherita Ligure on the Italian Riviera. As the sun sets into a languid Mediterranean, a distant church bell tolls, calling the evening mass. A flock of larks perform a spectacular aerobatic display overhead. A never-ending torrent […]

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The Real Estate Market in 2030

A number of analysts, and even some of those in the real estate industry, are finally coming around to the depressing conclusion that there will never be a recovery in residential real estate. Long time readers of this letter know too well that I have been hugely negative on the sector since late 2005, when […]

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August 5, 2013 – Quote of the Day

“People think that Treasury bonds are riskless, but a 100 basis point rise in interest rates leads to an 18% capital loss,” said Andrew Neale, a portfolio manager at Fogel Neale Partners.

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August 2, 2013 – MDT Pro Tips A.M.

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors […]

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August 1, 2013 – MDT Euro & Position Update

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors […]

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August 2, 2013

Global Market Comments August 2, 2013 Fiat Lux Featured Trade: (AUGUST 9 ZERMATT, SWITZERLAND STRATEGY SEMINAR), (THE WORLD’S LARGEST SOLAR PLANT), (DINNER WITH JOSEPH STIGLITZ)

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August 9 Zermatt, Switzerland Strategy Seminar

Come join me for the Mad Hedge Fund Trader’s Global Strategy Seminar, which I will be conducting high in the Alps in Zermatt, Switzerland at 2:00 PM on Friday, August 9, 2012. A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. Coffee, tea, and schnapps will be […]

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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 jackrabbits 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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Dinner With Joseph Stiglitz

The great thing about interviewing Joseph Stiglitz over dinner is that you don’t have to ask any questions. You just turn him on and he spits out one zinger after another. And he does this in a kibitzing, wizened, grandfatherly manner like one would expect from a character that just walked off the set of […]

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August 2, 2013 – Quote of the Day

“The farther backward you can look, the farther forward you can see,” said Britain’s combative WWII Prime Minister, Winston Churchill.

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