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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July 26, 2011 – Time to Scoop Up Some (CAT)

Featured Trades: (TIME TO SCOOP UP SOME (CAT)), (CAT)   2) Time to Scoop Up Some (CAT). I love it when a world beating, best of breed company temporarily stumbles and gives me a great entry point for a new long position. That was certainly the case on Friday, when Caterpillar, the icon for manufacturing […]

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July 25, 2011 – Bring Back the Smoke Filled Rooms

Featured Trades: (BRING BACK THE SMOKE FILLED ROOMS), (SPX), (TBT) 2) Bring Back the Smoke Filled Rooms. I write this from poolside at the historic Claremont Hotel in Berkeley, California. The weather couldn't be more perfect, and the local beauties, many coeds on summer break from the university, are strutting their wares, or the lack […]

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July 25, 2011 – Quote of the Day

'We're all just one trade away from humility, Bud,' said a stockbroker in the classic film, Wall Street.

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July 22, 2011 – Los Angeles Strategy Luncheon Review

Featured Trades: (LOS ANGELES STRATEGY LUNCH REVIEW) 1) Los Angeles Strategy Luncheon Review. I am writing this letter at a table at Zeppy’s Pizza Shack in Hermosa Beach, just across the street from Yer Cheat’n Heart Tattoo. The flotsam and jetsam of humanity are gliding past me on bicycles, roller blades, and skateboards, clad in […]

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July 22, 2011 – Time to Flip to the Short Side in the Treasury Bond Market

Featured Trades: (TIME TO FLIP TO THE SHORT SIDE ON THE TREASURY BOND MARKET), (TBT) 2) Time to Flip to the Short Side in the Treasury Bond Market. The first thing that I noticed this morning is that the long end of the bond market was getting absolutely creamed. 'RISK ON' has returned with a […]

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July 22, 2011 – So What is Your ‘Influencer’ Score?

Featured Trades: (SO WHAT IS YOUR INFLUENCER SCORE?)   3) So What is Your ‘Influencer’ Score? First there was your grade point average, then your SAT score, followed by GMAT and LSAT scores, and finally your FICO. Now there is a new metric with which you will be judged, your ‘Influencer’ score. A new breed […]

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July 21, 2011 – Apple Surprises Again

Featured Trades: (APPLE SURPRISES AGAIN) 1) Apple Surprises Again. Wow, and double wow! That’s all I can say about Apple’s (AAPL) ballistic earnings. Talk about firing on all cylinders and the turbocharger and the supercharger at the same time! Apple is now the world’s second largest company and is boasting a positively mind boggling $76 […]

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July 21, 2011 – Apple's Next Stop: $1,000

Featured Trades: (NEXT STOP FOR APPLE: $1,000) 2) Apple's Next Stop: $1,000. When I took a young, cocky, long haired, Levis wearing Steve Jobs around to meet Morgan Stanley's institutional investors to pitch an Apple share offering 28 years ago, I vowed never to buy anything from the man. He was such a great salesman, […]

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July 21, 2011 – Time to Get on the (SPX) Roller Coaster

Featured Trades: (TIME TO GET ON THE (SPX) ROLLER COASTER), (SPY), (SPX) 3) Time to Get on the (SPX) Roller Coaster. I think yesterday's reaction to a rumored settlement on the debt ceiling was a great 'tell' on the short term direction of the financial markets. The S&P 500 popped 20 points, bonds roared by […]

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July 21, 2011 – Quote of the Day

 'I'm long tear gas after the Athens experience. They are going to need that tear gas in Rome and Madrid at some point,' said Steve Cortez at Veracruz Research.

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