February 09, 2011 – Think Again Before Buying That Vacation Home

Featured Trades: (VACATION HOMES) 1) Think Again Before Buying That Vacation Home. If you're entertaining buying a vacation home any time soon, I'd think again. In my annual review of the residential real estate market in the High Sierra mountain hamlet of Incline Village, Nevada, and I am sad to report that antidepressant addiction among […]

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February 9, 2011 – Peter F. Drucker on Management

Featured Trades: (PETER DRUCKER ON MANAGEMENT) 2) Peter F. Drucker on Management. If you have been living in a cave for the last 71 years and missed the work of management guru, Peter F. Drucker, here is your chance to catch up. I just finished reading The Essential Drucker, a weighty tome of 368 pages […]

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February 9, 2011 – The Coming Takeover Wars

Featured Trades: (THE COMING TAKEOVER WARS) 3) The Coming Takeover Wars. The spate of takeover bids we have witnessed recently, the attempted BHP Billiton (BHP)-Potash (POT) deal, the Sanofi Aventis (SNY)-Genzyme (GENZ) deal, and Intel’s (INTC) acquisition of Infineon Technologies (IFX), is telling the rest of us reams about the broader market. Virtually all of […]

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February 9, 2011 – Be Careful Who You Snitch On

Featured Trades: (BE CAREFUL WHO YOU SNITCH ON) 4) Be Careful Who You Snitch On. Buried in the recently passed Dodd-Frank financial reform bill are massive financial rewards for turning in your boss. The SEC is hoping that multimillion dollar rewards amounting to 10%-30% of sanction amounts will drive a stampede of whistleblowers to their […]

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February 9, 2011 – Quote of the Day

'Banks have turned into gigantic gambling institutions. You never know what you own. I wouldn't touch them if you pointed a gun to my head,' said legendary hedge fund manager Bill Fleckenstein on Hedge Fund Radio.

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February 8, 2011 – Reading the Nonfarm Payroll Tea Leaves

Featured Trades: (JANUARY NONFARM PAYROLL)   1) Reading the Nonfarm Payroll Tea Leaves. Lifetime followers of the monthly nonfarm payroll report were more than a little amused by the Friday numbers, which could not have been more contradictory, conflicting, and confusing. The headline figure showed a gain of a paltry 36,000, yet the unemployment rate […]

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February 8, 2011 – India is Catching Up With China

Featured Trades: (CHINA VERSUS INDIA), (FXI), (TTM), (INP), (PIN), (EPI) 2) India is Catching Up With China. When I first visited Calcutta in 1976, more than 800,000 people were sleeping on the sidewalks, I was hauled everywhere by a very lean, barefoot rickshaw driver, and drinking the water out of a tap was tantamount to […]

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February 8, 2011 – Getting Something for Nothing

Featured Trades: (NISSAN LEAF), (NSANY) 3) Getting Something for Nothing. I just contracted to buy all the gasoline I want at 14 cents a gallon. No, I have not struck oil in my backyard, or come into an inheritance from a long lost Kuwaiti relative. That is the de facto price that PG&E is billing […]

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February 8, 2011 – Quote of the Day

'If you can get a dividend higher than the yield on ten year debt, it's an opportunity we haven't seen in our lifetime. On a five year horizon, investing in large multinationals with high dividends will have a large payday' said Lawrence Fink, CEO of BlackRock.

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February 7, 2011 – Years of Pain to Come in Residential Real Estate

Featured Trades: (RESIDENTIAL REAL ESTATE) 1) Years of Pain to Come in Residential Real Estate. Regular readers of this letter are familiar with my antipathy towards real estate of every flavor, with the exceptions of multi-unit dwellings (apartment buildings) and farmland . So my interest was piqued when Ron Peltier spoke the other day, the […]

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February 7, 2011 – Who Says Hedge Funds Aren't Adding Value?

Featured Trades: (HEDGE FUNDS) 2) Who Says Hedge Funds Aren't Adding Value? According to my old friend, Rick Sopher, chairman of LCH Investments in London, the top ten hedge funds have earned $153 billion for their investors since inception. John Paulson's fund alone, which made an absolute killing by shorting subprime mortgage debt instruments going […]

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February 7, 2011 – The Great Ethanol Boondoggle

Featured Trades: (ETHANOL) 3) The Great Ethanol Boondoggle. One of my biggest disappointments with the Obama administration so far is his continued support of the ethanol boondoggle. The program was ramped up by the Bush administration to achieve energy independence by subsidizing the production of alcohol from domestically grown corn. Add clean burning moonshine (yes, […]

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February 7, 2011 – Murray Sayle: The Passing of a Giant in Journalism

Featured Trades: (MURRAY SAYLE) 4) Murray Sayle: The Passing of a Giant in Journalism. I was saddened to hear of the death of my close friend, the Australian, Murray Sayle, after a long battle with Parkinson’s disease at the age of 84. Murray was one of the giants of journalism in the second half of […]

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February 7, 2011 – Quote of the Day

'I'm sure there are gobs and gobs of money to be made in emerging markets,' said legendary hedge fund manager Bill Fleckenstein on Hedge Fund Radio.

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February 4, 2011 – Last Chance to Sign Up for The Mad Hedge Fund Trader February 11 Orlando Strategy Luncheon

Featured Trades: (ORLANDO STRATEGY LUNCHEON)   1) Last Chance to Sign Up for The Mad Hedge Fund Trader February 11 Orlando Strategy Luncheon. Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Orlando, Florida on Friday, February 11, 2011. A three course lunch will […]

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