Check Out Obama’s Latest Stimulus Package

There is no limit to how far president Obama is willing to go to stimulate the economy and reassure his election. So I had to be amused when a friend sent me a link to his latest proposal. Warning: the source is a college humor website, so I would take it with so many grains […]

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February 29, 2012 – Quote of the Day

I don’t know that the retail investor matters anymore. They didn’t come back to the market after the 2000 crash. The idea that the individual investor believes in the stock market now is challenged. We have a market that is increasingly institutional investors trading back and forth with each other”, said Dan Greenhouse, chief global […]

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Trade Alert – (AAPL) February 28, 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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Tesla Leaps Into the Future With Its New Model X

Elon Musk certainly came up with a winner with his unveiling of Tesla’s Model X on February 9. When I first heard the specifications of Tesla’s new Model X, I was floored. The all- electric vehicle offers four wheel drive. It has spacious seating for seven. It accelerates from zero to 60 miles per hour […]

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Rampant Wage Inflation Strikes China

I rely on hundreds of ‘moles’ around the world whose job it is to watch a single, but important indicator for the world economy. One of them checks for me the want ads in the manufacturing mega city of Shensen, China, and what he told me last week was alarming. Wage demands by Chinese workers […]

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February 28, 2012 – Quote of the Day

“Above $100 a barrel we are starting to flirt with demand destruction, and at some point that will begin to kick in, probably later this year,” said Tom Petrie, co-founder of Petrie Parkman, a Houston energy based investment bank.

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Coincident Economic Data Says Market is Topping

This is one of the most bizarre markets I have ever seen. The worse the economic outlook gets, the higher the market goes. But it doesn’t breathe like a normal market, with plenty of corrections along the way giving traders a chance to get in. It has been a straight line up with nary a […]

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The Mad Hedge Fund Trader’s Long Term Model Portfolio

I am frequently asked to propose a long term portfolio that investors can just buy and forget about. They have no interest in sitting on the edge of their seat waiting for my next trade alert, staying up all night to catch the European opening, or scanning every wire service headline to glean a momentary […]

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February 27, 2012 – Quote of the Day

“From an economic standpoint, it is very hard to argue against the idea that the economy is gaining some steam here. A lot of those negative beliefs are starting to turn, such as credit. The upside risks to equities are greater than the downside risks”, said Dan Greenhouse, chief global strategist at BTIG.

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And the Winner is: Ron Paul!

Not just the stock market has been rallying strongly since October. So have the fortunes of President Obama. Since the onset of the current bull move, the likelihood of him winning the next election has risen from the high thirties to the low fifties, according to the Associated Press GfK poll. If you want to […]

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Will the Fall in Jobless Claims Hit a Wall?

If I were trapped on a desert island and could pick only one economic data release to float ashore in a bottle, it would doubtless be the weekly jobless claims. Released by the Department of Labor every Thursday morning at 8:30 EST, this one number is the most accurate leading indicator of future economic activity […]

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A Cow based Economics Lesson

SOCIALISM You have 2 cows. You give one to your neighbor. COMMUNISM You have 2 cows. The State takes both and gives you some milk. FASCISM You have 2 cows. The State takes both and sells you some milk. NAZISM You have 2 cows. The State takes both and shoots you. BUREAUCRATISM You have 2 […]

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February 24, 2012 – Quote of the Day

“We are witnessing the death of abundance and the birth of austerity for what may be a very, very long time,” said PIMCO managing director, Bill Gross, the world’s largest bond manager.

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My Favorite Stock to Short

Troubled Bank of America (BAC) certainly earned its title as the premier Dog of the Dow last year. It managed an appalling 58% decline in 2011, the worst of any of the 30 Index stocks. It only managed to stay above the crucial $5 level by a hair’s breadth, below which many pension funds are […]

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How to Avoid the Ponzi Scheme Trap

I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who had lost most of his personal fortune with Bernie Madoff. The University of Connecticut psychology professor had poured the bulk of his savings into Sandra Mansky’s Tremont feeder fund; receiving convincing trade confirms and rock solid custody statements from the […]

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