May 2, 2011 – The Economic Headwinds Are Coming

Featured Trades: (ECONOMIC HEADWINDS ARE COMING)   2) The Economic Headwinds Are Coming. I have followed David Hale’s prognostications about the global economy for two decades, and have always found his views insightful, if not useful. Although based in Chicago (click here for his site), he is almost permanently on the road, consulting with foreign […]

Read full story Comments are closed

May 2, 2011 – The Stock Market Suddenly Just Got a Lot More Expensive

Featured Trades: (STOCKS JUST GOT A LOT MORE EXPENSIVE)   3) The Stock Market Suddenly Just Got a Lot More Expensive. The news on Thursday that Q1 GDP growth came in at a piddling 1.8% annualized was a huge disappointment. The number was under the low end of most predictions, and a far cry from […]

Read full story Comments are closed

May 2, 2011 – An Evening With Travel Guru Arthur Frommer

Featured Trades: (TRAVEL GURU ARTHUR FROMMER)   4) An Evening With Travel Guru Arthur Frommer. When I backpacked around Europe in 1968, I relied heavily on Arthur Frommer's paperback guide, Europe on $5 a Day, which then boasted a cult like following among impoverished, but adventurous Americans. Over the following years he directed me down […]

Read full story Comments are closed

April 27, 2011 – Barrick Gold's Big Copper Buy Speaks to the Future

Featured Trades: (BARRICK GOLD'S BIG COPPER BUY) 1) Barrick Gold's Big Copper Buy Speaks to the Future. 'Watch where the big companies make their direct investments and that is where the markets will follow.' That golden rule is what the head of investments at JP Morgan, Carl Van Horn, taught me some three decades ago. […]

Read full story Comments are closed

April 27, 2011 – Residential Housing Goes From Bad to Worse

Featured Trades: (FROM BAD TO WORSE FOR RESIDENTIAL HOUSING)   2) Residential Housing Goes From Bad to Worse. That home you are sitting in while reading this letter just got cheaper. The February Case-Shiller home price index came out yesterday, showing us that the double dip in residential real estate is well under way. Overall, […]

Read full story Comments are closed

April 27, 2011 – The Worst Trade of All Time

Featured Trades: (THE WORST TRADE OF ALL TIME)   3) The Worst Trade of All Time. One of the great asset management blunders of all time has to be the EC’s decision to sell its gold reserves in the wake of the launch of the Euro in 1998. The decision led to the fairly rapid […]

Read full story Comments are closed

April 27, 2011 – Quote of the Day

'The dollar has become a carry trade rag these days. As Rodney Dangerfield would have said, it gets no respect whatsoever,' said Boris Schlossberg of GFT Forex.

Read full story Comments are closed

April 26, 2011 – My Victory Lap on Silver

Featured Trades: (SILVER), (SLV)   1) My Victory Lap on Silver. ‘If you don’t rush out and buy silver right now at $13.70 an ounce, I’m going to pick you up and shake you by the lapels of your coat until your false teeth pop out and fall clattering to the ground.’ This is exactly […]

Read full story Comments are closed

April 26, 2011 – Turkey is on the Menu

Featured Trades: (TURKEY), (TUR), (TKC)   2) Turkey is on the Menu. I am building lists of merging market ETF to snap up during any summer sell off, and turkey popped up on the menu. The country is only one of two Islamic countries that I consider investment grade, (Indonesia is the other one), the […]

Read full story Comments are closed

April 26, 2011 – An Update on My Nissan Leaf

Featured Trades: (NISSAN LEAF), (NSANY)   3) An Update on My Nissan Leaf. I called my local Nissan dealer yesterday with some trepidation, fully expecting to be told that my new all electric Nissan Leaf sedan was buried under tons of mud after Japan's disastrous tsunami, and that I would now have to wait until […]

Read full story Comments are closed

April 26, 2011 – Quote of the Day

'The rate of profit is always highest in the countries that are going fastest to ruin,' said Adam Smith, in The Wealth of Nations, on the dangers of 'overtrading.'

Read full story Comments are closed

April 25, 2011 – Meet the 'Risk Off' Portfolio

SPECIAL 'RISK OFF' ISSUE THE 'ANTI QE2' PORTFOLIO Featured Trades: (BAC), (XLF), (SDS), (TLT), (JNK), (CU), (FCX), (ABX), (AMR), (FXE), (UUP)   1) Meet the 'Risk Off' Portfolio. I believe that several asset classes are in the process of making important medium term tops, and that it is time to start building short lists of […]

Read full story Comments are closed

April 25, 2011 – Quote of the Day

'The greatness of America lies not in being more enlightened than any other nation, but rather in her ability to repair her faults,' said French observer Alexis de Tocqueville in his 1835 book Democracy in America.

Read full story Comments are closed

April 21, 2011 – Last Chance to Participate in the Mad Hedge Fund Trader’s April 28 Phoenix Luncheon

Featured Trades: (PHOENIX STRATEGY LUNCHEON)   1) Last Chance to Participate in the Mad Hedge Fund Trader’s April 28 Phoenix Luncheon. Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Phoenix, Arizona on Thursday, April 28, 2011. A three course lunch will be followed […]

Read full story Comments are closed

April 21, 2011 – Get Ready for Your Tax Hit

Featured Trades: (THE COMING TAX HIT) 2) Get Ready for Your Tax Hit. No matter what anyone promises you today, this week, or this year, your taxes are going up. At $1.3 trillion, the budget deficit is so enormous that bringing it into balance merely through spending cuts is a mathematical impossibility. Chopping funding for […]

Read full story Comments are closed