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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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January 19, 2011 – Time to Short the Garlic Eaters

Featured Trades: (FXE) 2) Time to Short the Garlic Eaters. The garlic eaters don't want to repay their debts, and the beer drinkers don't want to lend them any more money. That pretty much sums up the financial tensions that exist within Europe right now. The PIIGS countries of Portugal, Ireland, Italy, Greece's, and Spain […]

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January 19, 2011 – Quote of the Day

'President Obama needs to explain that while these cuts will be painful, there is no way to solve our problems without shared sacrifice,' said Christina Romer, Obama's former Chairperson of the council of Economic Advisors.

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January 18, 2011 – All That is Gold Does Not Glitter

Featured Trades: (GOLD), (GLD), (DGZ), (GLL) 1) All That is Gold Does Not Glitter. In the wake of gold’s panic inducing $30, one day sell off on Friday, players across the hedge fund universe are reassessing their relationship with the barbarous relic. What started out as a long term commitment is suddenly morphing into a […]

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January 18, 2011 – The 12 Day Year

Featured Trades: (THE 12 DAY YEAR) 2) The 12 Day Year. I have reported in the past on the value of the Friday-Monday effect, whereby the bulk of the year’s performance can be had through buying the Friday close in the stock market and then selling the Monday close. Well, I have discovered a further […]

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January 14, 2011 – Quote of the Day

It's very difficult for me to come up with a bullish scenario for the economy when I add up all the individual components,' said Meredith Whitney, a boutique research analyst.

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January 13, 2011 – The Case Against Treasury Bonds

(SPECIAL TREASURY BOND ISSUE) Featured Trades: (THE TREASURY BOND CRASH IN PROGRESS) 1) The Case Against Treasury Bonds. If you want to delve into the case against the future of US Treasury bonds in all its glory, take a look at the November/December issue of Foreign Affairs, the establishment bimonthly journal read by academics, intelligence […]

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January 13, 2011 – The Technical Case for the TBT

(SPECIAL TREASURY BOND ISSUE) Featured Trades: (TBT), (THE TECHNICAL CASE AGAINST BONDS) 2) The Technical Case for the TBT. Louise Yamada, one of the most widely followed technical analysts in the market, says the 29 year bull market in Treasury bonds is coming to a close. Looking at the 200 year history of interest rates […]

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