January 9, 2012 – Quote of the Day

“China is not going to have a hard or soft landing. It is going to keep on flying. There is a tremendous amount of momentum in the Chinese economy. There’s a lot to be done in terms of infrastructure. At the low end there is a lot to be done in housing. And it now […]

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The Heat Turns Up On JP Morgan

Anne Barnhardt was the CEO of a money manager who was forced to shut down her firm in the wake of the MF Global collapse. She is calling for a boycott of the financial markets and JP Morgan (JPM) specifically. To listen to her blistering attack in full in an interview with by Buddy, Peter […]

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The Mystery of the Brasher Doubloon

I’ll never forgot when my friend, Don Kagin, one of the world’s top dealers in rare coins, walked into the gym one day and announced that he made $1 million that morning.  I enquired “How is that, pray tell?” He told me that he was an investor and technical consultant to a venture hoping to […]

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January 6, 2012 – Quote of the Day

“All of Germany is a Tea Party, and that is going to be a problem for the Euro, said Yra Harris of Praxis Trading.

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Trade Alert – (EUO) January 5, 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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My 2011 Report Card

If there was ever a year when you wanted a former combat pilot with a current aerobatic license giving you financial advice, it was the one we just completed. After enough loops, spins, barrel rolls, and whip stalls to induce air sickness in the most seasoned of veterans, the major indexes ended almost exactly where […]

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All I Want To Do is Retire

I have always believed that if you don’t have a sense of humor, then you better get the hell out of this business. Below is a link to a YouTube video entitled “All I Want To Do is Retire” which covers the decline of the brokerage industry over the last 20 years. The video is […]

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January 5, 2012 – Quote of the Day

“The days of leading companies or countries via a one-way conversation are over. The old system of ‘command and control’ – using carrots and sticks –to exert power over people is fast being replaced by ‘connect and collaborate’,” said author Dov Siedman.

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Rubbing Shoulders With “The 1%” at Incline Village

If you really want to get a read on how “the 1%” are faring these days, take a ski vacation to the tony hamlet of Incline Village on the pristine shores of Nevada’s Lake Tahoe. Each morning, I trekked to Starbucks, one of the few local sources for the Wall Street Journal and the New […]

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January 4, 2012 – Quote of the Day

“America’s colleges and universities churn out lots of liberal arts graduates….By and large, the economy doesn’t need all these generals. We’re not training enough scientists and engineers. The high schools used to churn out enough people with technical skills in the fifties and sixties, but not so today. It’s cheaper just to prepare everyone to […]

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2012 Annual Asset Class Review

I am writing this report from a first class cabin on Amtrak’s California Zephyr en route from Chicago to San Francisco. The majestic snow covered Rocky Mountains are behind me. There is now a paucity of scenery, with the endless ocean of sage brush and salt flats of Northern Nevada outside my window, so there […]

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Lunch With Robert Reich

The other day had me sharing a cold, congealed chicken salad for lunch with Bill Clinton’s Secretary of  Labor, Robert Reich, at San Francisco’s posh Fairmont Hotel. We covered a wide range of market impacting topics, which I have summarized below. A Rhodes Scholar who dated Hillary Clinton at Yale, ran for governor of Massachusetts, […]

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The Ultra Bull Argument for Gold

I am constantly barraged with emails from gold bugs who passionately argue that their beloved metal is trading at a tiny fraction of its true value, and that the barbaric relic is really worth $5,000, $10,000, or even $50,000 an ounce (GLD). They claim the move in the yellow metal we are seeing is only […]

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December 30, 2011 – Quote of the Day

In Despicable Me, the latest animated children’s’ film from 20th Century Fox, the Bank of Evil, used to finance the nefarious deeds of villains, has listed under its name “formerly known as Lehman Brothers.”

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Lunch With the Treasury Secretary

When I wake up at 4:30 am each morning to check the overnight markets and review the opening salvo of incoming emails, I often have trouble focusing in my groggy state. So I had to blink twice when the first message in my inbox politely inquired if I had time to meet the Secretary of […]

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