August 4, 2011 – Quote of the Day

'This is about how long grandpa will work and grandma will live,' said CNBC commentator Steve Leesman about the debt crisis.

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August 3, 2011 – What the Markets Are Telling Us

Featured Trades: (WHAT THE MARKETS ARE TELLING US), (SPX), (TLT), (TBT) 1) What the Markets Are Telling Us. I spent the morning doing a round robin with hedge fund trader friends of mine trying to figure how we all got this so horribly wrong. I did this as the (SPX) was ticking down to 1249 […]

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August 2, 2011 – Be Careful What You Wish For

Featured Trades: (BE CAREFUL WHAT YOU WISH FOR) 1) Be Careful What You Wish For. Politicians are popping champagne bottles and celebrating the end of cantankerous negotiations over the debt ceiling. I say be careful what you wish for. Let me give you my quickie, back of the envelope analysis of the debt ceiling deal […]

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August 2, 2011 – The Death of the Bond Vigilantes

Featured Trades: (THE DEATH OF THE BOND VIGILANTES) 2) The Death of the Bond Vigilantes. Back in the seventies and eighties, when inflation was soaring well into double digits, the markets were regularly punished by a band of gun slinging traders known as the 'bond vigilantes.' Hard asset prices were running amuck, and there was […]

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August 2, 2011 – How to Get a Free Trip to Europe

Featured Trades: (HOW TO GET A FREE TRIP TO EUROPE)   3) How to Get a Free Trip to Europe. During my recent trip to Europe, I made another startling discovery about the woeful state of America’s 19th century health care system. I needed to get refills on my prescription drugs when I was in […]

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August 2, 2011 – Quote of the Day

'Who knew the blockbuster this year would be a horror show,' said Tony Crescenzi, market strategist and portfolio manager at bond giant, PIMCO.

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August 1, 2011 – GDP is Another Bucket of Cold Water

Featured Trades: (GDP IS ANOTHER BUCKET OF COLD WATER) 1) GDP is Another Bucket of Cold Water. Another bucket of cold water was thrown on financial markets on Friday with the shocking release of Q2 GDP of 1.3%. The whisper number prior to the release was at 1.9%, and even this figure is far short […]

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August 1, 2011 – An Update on Rhodium

Featured Trades: (AN UPDATE ON RHODIUM)   2) An Update on Rhodium. I was recently interviewed by Daniela Cambone of Kitco News, a boutique firm specializing in the online research and trading of metals. I have known the Kitco people for a long time and they are one of the class acts in the hard […]

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August 1, 2011 – What the Tea Party Doesn't Know About the Bond Market

Featured Trades: (WHAT THE TEA PARTY DOESN'T KNOW ABOUT THE BOND MARKET)   3) What the Tea Party Doesn't Know About the Bond Market. I have spoken to several Tea Party leaders since the movement sprung up a year ago, and have come to several conclusions. This is a genuine, grass roots movement composed of […]

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July 29, 2011 – What Ford is Telling Us About Platinum and Palladium

SPECIAL AUTOMOTIVE ISSUE Featured Trades: (WHAT FORD IS TELLING US ABOUT PLATINUM AND PALLADIUM), (F), (TTM), (PPLT), (PALL)   1) What Ford is Telling Us About Platinum and Palladium. Well done to Ford (F), which announced great earnings for Q2, leaving its close call with the junkyard a few years ago well in the rear […]

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July 28, 2011 – Welcome to the Funny Farm

Featured Trades: (WELCOME TO THE FUNNY FARM), (SPX) 1) Welcome to the Funny Farm. I promised you a roller coaster for the financial markets this week, and that is exactly what we are getting. The on again/off again talks and the finger pointing that follows seems to be generating round lot moves of 30 points […]

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July 28, 2011 – Home Prices Still Dead in the Water

Featured Trades: (HOME PRICES STILL DEAD IN THE WATER) 2) Home Prices Still Dead in the Water. Case Shiller released their national home price index for May yesterday, allowing beleaguered real estate agents to let out some feeble, halfhearted cheers. The data showed that prices did not go down last month and are even rising […]

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July 28, 2011 – Quote of the Day

'Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate,' said Andrew W. Mellon, President Herbert Hoover's Secretary of the Treasury. The Republicans did not win a presidential election for 20 years after that comment.

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July 27, 2011 – The September 23 Las Vegas Strategy Luncheon

Featured Trades: (LAS VEGAS STRATEGY LUNCHEON) 1) The September 23 Las Vegas Strategy Luncheon. Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Las Vegas at 12:00 noon on Friday, September 23, 2011. A three course lunch will be followed by a 30 minute […]

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July 27, 2011 – Report From Europe, Part IV

Featured Trades: (REPORT FROM EUROPE, PART IV)   3) Report From Europe, Part IV. 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 […]

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