The World’s Worst Investor

My grandfather was an immigrant from Sicily who joined the army during WWI to attain US citizenship, lost an eye when he was mustard gassed on the Western Front, and settled down in the Bay Ridge section of Brooklyn after the war. He bought a three bedroom brick home on 76th street for $3,000, eventually […]

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Postscript

One day in New York a few years ago, I had a few hours to spare waiting to board Cunard’s Queen Mary 2 to sail for Southampton. So I decided to check out the Bay Ridge address near the Verrazano Bridge where my father grew up that I had heard so much about during my […]

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How the US is Getting Screwed on Its China Trade

One of the great things about running a website with a truly global reach is that readers send me material which is nothing less than outrageous. So I had to laugh when I found in my inbox an animation of two bears discussing the hopelessly idiotic approach the US government has taken towards its trade […]

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August 6, 2012 – 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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Trade Alert Service Punches Through to New All Time High

Global Trading Dispatch’s Trade Alert Service posted a new all-time high yesterday, clocking a 50.9% return since inception. The 2012 YTD return is now at 10.71%. That takes the average annualized return up to 30.1%, ranking it among the top five performing hedge funds in the world. Those happy subscribers who bought my service on […]

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Report From Zermatt

My first morning in the Swiss mountain hamlet of Zermatt, home to the Matterhorn, I was awoken by an army platoon outside my door, fully armed with fixed bayonets. No, I was not being arrested for past indiscretions in the idyllic Alpine paradise. My often-inflammatory opinions had not even triggered an international incident worthy of […]

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August 3, 2012 – Quote of the Day

“It’s a bit like looking for gold in a minefield,” said Fidelity International’s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country.

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Technology Glitches Fell the Mad Hedge Fund Trader

Many apologies to the hundreds of listeners who were cut short during the broadcast of my biweekly strategy webinar on Wednesday, August 1. Despite the Herculean efforts of the staff, sometimes the technology doesn’t deliver as promised. This was one of those days. For a start, getting the GoToMeeting software to work on an iMac […]

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The Fed Says No QE3

As I expected, the wildly optimistic expectations for further quantitative easing by the Federal Reserve at yesterday’s Open Market Committee meeting were not matched with substance. All we got was a continuation of existing modest programs and some minor tweaking of language. Bernanke only managed to say that, “further stimulus will be provided as needed.” […]

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August 2, 2012 – Quote of the Day

“The rule of thumb is to do your homework, do your analysis, and don’t give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames,” said Marc Chandler, the global head of currency strategy at Brown Brothers Harriman.

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My Solution for Europe

Taking the express train from Paris to Frankfurt, I was playing around with the map function on my iPhone 4s. It was really cool watching the blue dot marking my location zip across the map at 200 miles per hour. When I zoomed in on my location, I realized that I recognized many of the […]

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August 1, 2012 – Quote of the Day

“The consumer in the United States has basically disappeared. There are no jobs, no wage increases, and therefore no spending,” said Bill Gross of bond giant, PIMCO.

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Trade Alert Correction – (SPY) July 31, 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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Trade Alert – (SPY) July 31, 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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Trade Alert – (TLT) July 31, 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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