Featured Trades: (FUMEROLES), (CRUDE) 1) Better buy those flowers for Mother's Day now because a flower famine is about to hit, sending prices soaring. The eruption of the Icelandic volcano Eyjafjallajökull has disrupted world trade in ways no one thought possible, and provides a fascinating snapshot of the state of globalization. The world flower market [...]

2) For Irrefutable Proof That I Have Completely Flipped Out, click here or on the link below for a rap video on YouTube featuring the legendary, and apparently, quite musically inclined Fredrich Hayek and John Maynard Keynes.

Featured Trades: (WORLD GDP), (GS), (YEN), (YCS) 4) It looks like the Goldman Sachs (GS) black swan was a one day wonder, as I expected.  It seems that zero interest rates trump all, once again. Even GS stock has been going up, as the flaws in the SEC’s case become much more evident. Of course, [...]

'Today, the average healthy 50 year old woman will live to 92. That's old enough to forget your first husband,' said Sally Krawcheck, president of global wealth management at Bank of America.

(SPECIAL BLACK SWAN ISSUE) Featured Trades: (EVERYTHING) 1) How Long Will the Risk Reversal Last? It looks like May came early this year, as in the ‘sell in May and go away’ variety. The first ‘black swan’ of the year has alighted on the market. The news that the SEC brought civil fraud cases against [...]

(SPECIAL BLACK SWAN ISSUE) Featured Trades: (EVERYTHING) 2) What Does the Debacle at Goldman Sachs Mean for Stocks? I can tell you that the timing of the SEC's GS announcement absolutely reeks, coming on a Friday at a market top, just as the debate about financial regulation has become the business at hand in congress. [...]

(SPECIAL BLACK SWAN ISSUE) Featured Trades: (EVERYTHING) 3) What Goldman Sachs Means for Your Portfolio. This is an excellent time for me to remind readers what this letter is all about. I assume that only grownups are acting on the suggestions herein. That means that you are a financial professional or hedge fund manager who [...]

'The markets can remain irrational longer than you can remain liquid,' said economist John Maynard Keynes, in my favorite quote.

Featured Trades: (YEN), (YCS), (GS) 1) I have a new rich uncle. His name is Uncle Yen, and he is writing me a big fat check almost every day, enabling me to live my luxurious, in your face lifestyle.  Not only have I covered the Citation’s fuel bills for the year, I managed to pay [...]

Featured Trades: (GOOG), (TM), (TECHNOLOGY STOCKS) 2) Technology Earnings Are Powering the Market. The relentless ascent of the stock market continues to send technical records dropping like flies. The S&P 500 has spent the longest period above the ten day moving average since 1950. The shorts have given up. Technology has been on an absolute [...]

Featured Trades: (BIDU), (GOOG) 3) Check Out Chinese Internet Firm Baidu, If You Want to Play at the Deep End. If you think our tech stocks are hot, take a look at those in China. Baidu (BIDU), one of my core longs, is now up 640% from the 2009 lows, no doubt cashing in on [...]

Featured Trades: (GS) 4) My Calls Are in to Goldman. The news of the SEC's fraud accusations against Goldman Sachs broke ten minutes ago. I have calls into the vampire squid and want to talk to a few people I know there before I write any more. This has clearly thrown the world financial markets [...]

‘The art of taxation consists of so plucking the goose as to obtain the largest  amount of feathers with the smallest amount of hissing,’ said Jean-Baptist Colbert, a 17th century French minister of Finance.

Featured Trades: (SAN FRANCISCO STRATEGY LUNCHEON) 1) Only One Week Left to Buy Tickets to the April 23 San Francisco Strategy Luncheon. A three course lunch will be followed by a 45 minute PowerPoint presentation and a 30 minute question and answer period. I’ll be giving you my up to date view on stocks, bonds, [...]

Featured Trades: (OBAMA’S BUDGET PLANS), (TBT) 2) Obama’s Secret Plan for Economic Revival. Obama’s strategy to extricate the US from its dire economic straights has been leaking out from Washington over the past few weeks. How does he wean the country off of massive stimulus programs, zero interest rates, and ballooning deficits?  The former community [...]