August 13, 2012 – Quote of the Day

“I used to tell lies. But I’ve given it up, because the field has become overrun with amateurs,” said the great American 19th century humorist, Mark Twain.

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Trade Alert – (SPY) August 10, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Don’t Miss the August 15 Global Strategy Webinar

My next global strategy webinar will be held on Wednesday, August 15 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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When Bad Becomes Good and Worse is Even Better

Welcome to the “Heads I win, tails you lose” market. The prospect of imminent quantitative easing by the US, Europe, China, and even Japan is supporting asset prices globally. The worse the economic data reports, the greater the likelihood of such action, and the higher prices can rise. In this topsy turvey world, bad becomes […]

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Bring Back the Uptick Rule!

When the Dow crashed 514 points on August 8, 2010, the market lost a staggering $850 billion in market capitalization. High frequency traders were possibly responsible for half of this move, but generated a mere $65 million in profits, some 7/1,000’s of a percent of the total loss. Are market authorities and regulators being penny […]

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August 10, 2012 – Quote of the Day

“My feeling is that the bond market is grossly overvalued. We’re going to have 2%, 3%, 4% inflation. That’s what Bernanke is really saying. If we are going to have interest rates at zero for two years, that is actually going to push inflation up higher,” said professor Jeremy Siegel of the Wharton School of […]

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Trade Alert – (SPY) August 9, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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Europe’s Big Problem

Europe has a big problem. No, it is not the continuing sovereign debt crisis, the lack of leadership, or the possible departure of up to a quarter of its membership, although these are all major worries.  Nor is it the Euro, the currency that everyone loves that has been declining for the last two years. […]

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Musings of a Dinosaur

I often get accused by readers of being a dinosaur, of being insensitive to the feelings of others, and of living as a relic from a previous age. Well, you all may be right. So it is with some amusement I run a piece that I have lifted from my friend, Dennis Gartman’s, The Gartman […]

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August 9, 2012 – Quote of the Day

“We’re getting three business cycles a week with this kind of volatility,” said Kevin Ferry of Cronus Futures.

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Trade Alert – (SPY) Aug. 8, 2012

As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price.

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The One Bright Spot in Real Estate

After my weekly dump on residential real estate, I feel obliged to reveal one corner of this beleaguered market that might actually make sense. By 2050 the population of California will soar from 37 million to 50 million, and that of the US from 300 million to 400 million, according to data released by the […]

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The Muni Bond Myth

Some 18 months ago, bank research analyst Meredith Whitney is predicted that the dire straits of state and local finances would trigger a collapse of the municipal bond market that would resemble the Sack of Rome. She believed that total defaults could hit 2,000 issues and reach $100 billion in value. Those sharp edged comments […]

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Report From Milan

Milan, Italy appears to be a city entirely populated by fashion models riding bicycles on the city’s frenetic streets. That is one’s first impression coming out of the monolithic Milano Centrale train station, built by Mussolini to reaffirm faith in his state. Despite years of allied bombing during WWII, the building is as imposing as […]

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August 8, 2012 – Quote of the Day

“It’s ironic that just as we break out of a three year trading range, the market is about to be hit by a sledge hammer,” said Dave Rovelli at Canaccord Genuity.

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