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January 26, 2011- Quote of the Day

'You ever wonder why fund managers can't beat the S&P 500? It's because they're sheep,' said Gordon Gecko in the classic film, Wall Street.

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January 25, 2011 – Touching Base With Karl Denninger

Featured Trades: (TOUCHING BASE WITH KARL DENNINGER)   1) Touching Base With Karl Denninger. I managed to catch up with my friend Karl Denninger, the peripatetic founder of the Florida based Market Ticker, a highly entertaining and prescient, if not irreverent daily blog. Karl is convinced that the current move up in equity markets is […]

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January 25, 2011 – Buying Straw Hats in the Dead of Winter

Featured Trades: (VOLATILTIY INDEX), (VIX), (FFIV), (SPX) 2) Buying Straw Hats in the Dead of Winter. I am one of those demented people who buys flood insurance when the sun is shining and sun tan lotion by the gallon from Costco in the dead of winter. I am such an inveterate bargain hunter that I […]

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January 24, 2011 – The Choppy Road Ahead

Featured Trades: (DAVID HALE ON THE ECONOMY) 1) The Choppy Road Ahead. Recently, I managed to catch up with my old friend, David Hale of David Hale Global Economics (click here for their site). While swilling a few gin and tonics within the oak paneled walls in the bar at Chicago's exclusive University Club, he […]

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January 24, 2011 – Time to Ring the Cash Register on Big Technology

Featured Trades: (BIG TECHNOLOGY), (CSCO) 2) Time to Ring the Cash Register on Big Technology. Given the worsening technical picture for the market in general, and technology stocks specifically, I am selling my Cisco Systems (CSCO) March, 2011 $20-$22 call spread at the market. With the stock here at $20.82, I see a middle market […]

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January 24, 2011 – Will Gold Coins Suffer the Fate of the $10,000 Bill?

Featured Trades: (THE FATE OF GOLD COINS) 3) Will Gold Coins Suffer the Fate of the $10,000 Bill? The conspiracy theorists will love this one. Buried deep in the bowels of the 2,000 page health care bill is a new requirement for gold dealers to file Form 1099′s for all retail sales by individuals over […]

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January 24, 2011 – My Personal Leading Economic Indicator

Featured Trades: (MY PERSONAL LEADING ECONOMIC INDICATOR) 4) My Personal Leading Economic Indicator.  I just flew over one of my favorite leading economic indicators yesterday. Honda (HMC) and Nissan (NSANY) import millions of cars each year through their Benicia, California facilities, where they are loaded on to hundreds of rail cars for shipment to points […]

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January 24, 2011 – Quote of the Day

'If you measure the stock market not in dollars, but in gold, it is down 80% since 1999. I no longer regard the US dollar as a valid unit of account. People shouldn't value their wealth in dollars because one day, everyone will be billionaires,' said ultra bear, Marc Faber, of the Gloom, Boom, and […]

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January 21, 2011 – Only Two Weeks Left Until The Mad Hedge Fund Trader February 11 Orlando Strategy Luncheon

Featured Trades: (ORLANDO STRATEGY LUNCH) 1) Only Two Weeks Left Until 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 be followed […]

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January 21, 2011 – The Muni Bond Myth

Featured Trades: (THE MUNI BOND MYTH), (MUB), (JNK), (TBT) 2) The Muni Bond Myth. Have I seen This movie before? Two years ago, analysts were predicting default rates as high as 17% for Junk bonds in the wake of the financial meltdown, taking yields on individual issues up to 25%. Liquidity in the market vaporized, […]

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January 21, 2011 – Ringing the Cash Register for the S&P 500

Featured Trades: (SPX), (SPY), (SSO), (GLD), (CSCO), (DIG), (YCS), (FXE) 3) Ringing the Cash Register for the S&P 500. It’s time to ring the cash register on my leveraged long position in the S&P 500 ETF (SSO). I am therefore unloading the position at market here at $49.57, and not bothering to wait for the […]

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January 20, 2011 – Time to Tighten Up Those Stops

Featured Trades: (SPX), (BAC), (CSCO), (DIG), (SSO), (GLD), (TBT), (JJG) 1) Time to Tighten Up Those Stops. Well, the party couldn't go on forever. Yesterday, the S&P 500 took its first 1% hit since November, and the NASDAQ took an even more severe spanking. Like in an Agatha Christie murder mystery, risk has made a […]

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January 20, 2011 – Look What I'm Seeing in Gold

Featured Trades: (GLD) 2) Look What I'm Seeing in Gold. Call this a 'rolling top' or a 'head and shoulders top', but it is a top nonetheless, which is making my bear put spread of the gold ETF (GLD) look smarter by the day. If our current sell off is truly a binary 'RISK OFF' […]

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January 20, 2011 – Quote of the Day

'Paper money is made of cotton, and I'm long cotton. One reason I'm long cotton is because Dr. Bernanke is out there running the printing presses as fast as he can', said noted commodity bull and former George Soros partner, Jim Rogers.

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January 19, 2011 – Time for a Victory Lap

Featured Trades: (IBM), (AAPL), (CSCO), (SSO), (TBT), (GLD), (DIG) 1) Time for a Victory Lap. I'm sorry I'm late with the letter today, but I am out of breath, having run victory laps all morning. IBM (IBM) reports blowout earnings, and Apple (AAPL) absolutely knocked the cover off the ball. It kind of makes my […]

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