February 4, 2011 – Solar Energy is Poised to Achieve Cost Parity

Featured Trades: (SOLAR ENERGY PARITY), (FSLR) 3) Solar Energy is Poised to Achieve Cost Parity. After two years of relentless cost, the solar industry is about to reach the Holy Grail of parity with the cost of conventional power sources at around 10 cents per kilowatt hour, paving the way for and exponential growth in […]

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February 4, 2011 – Quote of the Day

'A central bank is best that governs least, but is prepared to govern radically when called upon,' said 19th century man of letters, Walter Bagehot, an early editor of The Economist

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February 3, 2011 – Ringing in the Year of the Rabbit

Featured Trades: (THE YEAR OF THE RABBIT), (FXI), (SSEC), (CYB) 1) Ringing in the Year of the Rabbit. An invitation to the Chinese consulate for their New Year’s party is always one of the most sought after invitations in the Lilliputan diplomatic community of San Francisco. Welcoming the Year of the Rabbit were true Mandarins […]

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February 3, 2011 – An Insider’s Review of Wall Street: Money Never Sleeps

Featured Trades: (WALL STREET) 3) An Insider’s Review of Wall Street: Money Never Sleeps. One of the great things about flying first class is that you often get to meet some pretty interesting people. During the early eighties, I found myself on a flight from Los Angles to New York sitting next to an unknown […]

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February 3, 2011 – Quote of the Day

'To get rich is glorious!' said Deng Xiaoping, the Chinese general who launched the country's modern economy in the seventies.

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February 2, 2011 – April 4 London, England Strategy Luncheon

Featured Trades: (LONDON STRATEGY LUNCHEON)   1) April 4 London, England Strategy Luncheon. Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in London, England on Monday, April 4, 2011. A three course lunch will be followed by a 45 minute PowerPoint presentation and a […]

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February 2, 2011 – Ponzi Schemes

Featured Trades: (PONZI SCHEMES) 2) I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who had just lost most of his personal fortune with Bernie Madoff. The University of Connecticut psychology professor had poured the bulk of his savings into Sandra Mansky's Tremont feeder fund; receiving convincing trade confirms and […]

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February 2, 2011 – More Insights on Egypt

Featured Trades: (MORE ON EGYPT) 3) More Insights on Egypt. I had dinner with Neil MacFarquhar, UN Bureau Chief and former Cairo Bureau Chief for the New York Times, to get the latest view of what is happening on the Arab 'street.' MacFarquhar grew up in Libya around the time I tried to visit the […]

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February 2, 2011 – The Long View on Emerging Markets

Featured Trades: (EWZ), (RSX), (PIN), (FXI) 4) The Long View on Emerging Markets. I managed to catch a few comments in the distinct northern accent of Jim O'Neil, the fabled analyst who invented the 'BRIC' term, and who has been kicked upstairs to the chairman's seat at Goldman Sachs International (GS) in London. Jim thinks […]

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February 2, 2011 – Quote of the Day

'The Fed only knows two speeds; too fast, and too slow,' said Nobel Prize winning economist Milton Friedman to me over lunch one day.

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February 1, 2011 – Thoughts on Egypt

(SPECIAL MIDDLE EAST ISSUE) Featured Trades: (THOUGHTS ON EGYPT)   1) Thoughts on Egypt. When I first visited Egypt in 1977, they tried to kill me. I was accompanying US Secretary of State Henry Kissinger on an Air Force jet as part of his shuttle diplomacy between Tel Aviv and Cairo. Every Arab terrorist organization […]

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February 1, 2011 – Quote of the Day

I enjoy issuing Berkshire stock as much as I relish preparing for a colonoscopy,' said Oracle of Omaha Warren Buffet of Berkshire Hathaway (BRK/A).

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January 31, 2011 – Learning About VIX the Hard Way

Featured Trades: (THE VIX SPIKE), (VXX), (Q4 GDP)   1) Learning About VIX the Hard Way. We certainly received a highly instructive lesson on how the volatility index (VIX) works on Friday. All it took was a ten point drop in the S&P 500 to trigger a stampede to buy insurance against further declines, taking […]

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January 31, 2011 – So Close, Yet So Far on Gold

Featured Trades: (GOLD), (GLD), (DGZ), (GLL) 2) So Close, Yet So Far on Gold. Close, but no cigar on getting out of my gold puts on Friday. We opened low enough on Friday morning to get within striking distance of my downside target for the barbarous relic at $1,280. But once the rout in equities […]

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January 31, 2011 – Taking Some Cover on the (TBT)

Featured Trades: (TBT) 3) Taking Some Cover on the (TBT). The global equity markets are ‘cruisin for a bruisin.’ They are so overextended on the charts it is frightening, and the time to pay the piper is coming. I’m not looking for a collapse, just a missionary style 5%, 60 point correction, to at least […]

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