March 21, 2012 – Quote of the Day

“I suspect the analysts who follow Apple are great people and are nice to their mothers. But as a group those people missed the last quarter by 40%, so I’m not listening to them. The stock is a trading sardine for a while. It’s a high beta stock which is leveraged to the market which […]

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Time to Pick up Some (TBT)

This is the year of the one way move. That has been the harsh lesson of the marketplace since trading commenced at the New Year. We have seen this in Apple, the S&P 500, the Japanese yen, bank shares, natural gas, the volatility index, and now it looks like the Treasury bond market. Once a […]

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Good News on MF Global

I received an email from the MF Global bankruptcy trustee this morning indicating that they would be returning another $685 million to customers. Of this amount, $600 million will go to customers who traded on US exchanges, $50 million to those who traded on foreign exchanges, and $35 million who were holders of physical metals. […]

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An Apple Dividend at Last!

After a 15 year hiatus, Apple (AAPL) has restored its dividend, announcing a 2% annual yield that exactly matches the average for the rest of the S&P 500. It also announced a $10 billion share buyback. The only thing missing that the cheerleaders were hoping for was a 10:1 share split. The move now makes […]

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Investors Will Win the ETF Price War

Many hedge fund traders are unhappy about the current near monopoly enjoyed by the top three ETF issuers, Black Rock, State Street, and Vanguard, which control 83% of the market. At last count more than 1,100 ETF’s were capitalized at more than $1 trillion. The result has been grasping management fees, exorbitant expense ratios, and […]

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March 19, 2012 – Quote of the Day

“I think we’re headed towards VAT taxes. It’s only a question of how long it takes for them to wake up and figure it out. You can’t tax the wealthy enough to close the budget deficit we have,” said Leon Cooperman of hedge fund Omega Advisors.

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Follow Up (TBT) – March 19, 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 – (TBT) – March 19, 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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Is an Apple Short the Trade of the Year?

When Apple (AAPL) made its three day, $50 move up last week, it created $55 billion in new market capitalization. That 72 hour addition alone would rank it as the 100th largest company in the world besides Boeing (BA), Union Pacific Railroad (UNP), and Nike (NKE). Trading volume in Apple calls is has smashed all […]

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Are Junk Bonds Peaking?

There is no happier corner of the fixed income universe, which has been soaring like a bat out of hell for the past three years. Average yields for the bond class most sensitive to the economy have collapsed from 18% to near an all-time low of 7.3%, a scant 500 basis points over ten year […]

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Watch Out for the Millennial Voter

I have been banging the table for years now about the importance of demographic trends for the economy, the financial markets, and the housing market. Well, politics is no different. According to recent surveys, Millennials, who are now aged 19-30 (I have three of them) are suspicious of government, have a strong anti-business bias, are […]

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March 19, 2012 – Quote of the Day

“I don’t like the bond market at all. A jackass in a Tuxedo is still a jackass,” said Bill Spiropoulis at Corestates Capital Advisors

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The New Carry Trade

Long the domain of hedge funds and large banks, the carry trade has gone mainstream. Individual investors are increasingly resorting to the techniques employed by the masters of the universe to boost trading and investment returns. But they lack the risk control infrastructure and discipline employed by the big boys. As with other innovations of […]

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Conspiracy Theory of the Day

A confidential report from the Pentagon just made public says that the 2008 financial crisis was the result of targeted attacks by terrorists groups. A ramp up of oil prices that began in 2007 led to the bear raids against Bear Stearns and Lehman Brothers in 2008. The final phase may be in place now, […]

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Why Warren Buffet Hates Gold

The ‘Oracle of Omaha’ expounded at length today on why he despises the barbarous relic. The sage doesn’t really care about the yellow metal, whatever the price. He sees it primarily as a bet on fear. If investors are more afraid in a year than they are today, then you make money. If they aren’t, […]

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