Archive | Diary RSS feed for this section

April 13, 2010 – Recovering Car Market Delivers a Home Run for Palladium and Platinum

Featured Trades: (PALL), (PPLT) 3) Recovering Car Market Delivers a Home Run for Palladium and Platinum. My bet that recovering demand for autos would spill over into the catalytic converter metals certainly was a home run. It was clear to me last fall that with the average age of America’s 240 million car fleet at […]

Read full story Comments are closed

April 13, 2010 – Quote of the Day

'When the fools are dancing, the greater fools are watching,' according to an old Japanese proverb.

Read full story Comments are closed

April 12, 2010 – Demographics Point to No “V” Shaped Recovery in Real Estate

Featured Trades: (EEM), (VNM) 1) Demographics Point to No “V” Shaped Recovery in Real Estate. Desperate homeowners counting on a “V” shaped recovery in residential real estate prices to bail them out better first take a close look at global demographic data, which tells us there will be no recovery at all. I have been […]

Read full story Comments are closed

April 12, 2010 – Here is the World’s Worst Population Pyramid

Featured Trades: (EEM), (VNM) 2) Here is the World’s Worst Population Pyramid. Now look at the world’s worst population pyramid, that for Japan. These graphs show that a nearly perfect pyramid drove a miracle stock market during the fifties and sixties which I remember well, when Japan had your textbook high growth emerging market economy. […]

Read full story Comments are closed

April 12, 2010 – If Demographics is Destiny, Then America’s Outlook Sucks

Featured Trades: (EEM) 3) If Demographics is Destiny, Then America’s Outlook Sucks. Brace yourself. We are turning into Japan. As a silver tsunami of 80 million baby boomers retires, they will be followed by only 65 million from generation “X”. The intractable problems that unhappy Japan is facing will soon arrive at our shores. Boomers, […]

Read full story Comments are closed

April 12, 2010 – Vietnam Has the World’s Best Population Pyramid

Featured Trades: (VNM), (GE) 4) Vietnam Has the World’s Best Population Pyramid. Now that we have figured out that Vietnam is a great place to invest, take a look at the Van Eck Groups Vietnam Index Fund (VNM). The venture will invest in companies that get 50% or more of their earnings from that country, […]

Read full story Comments are closed

April 12, 2010 – Quote of the Day

If the Dow Jones Industrial Average rises by 4.5% a year for the next 90 years, the index will reach 525,000 by 2100, a 53 fold return.

Read full story Comments are closed

April 1, 2010 – The Yen is Setting Up for a Short, But Higher Up

Featured Trades: (YEN), (YCS), (EURO/YEN) 1) The Yen is Setting Up for a Short, But Higher Up. ‘Oh, how I despise the yen, let me count the ways.’ I’m sure Shakespeare would have come up with a line of iambic pentameter similar to this if he were a foreign exchange trader. Those who followed me […]

Read full story Comments are closed

April 1, 2010 – The Most Overcrowded Trades in the Market

Featured Trades: (GLD), (VIX), (TBT), (TBF), (DRR), (FXB) 2) The Most Overcrowded Trades in the Market. The boutique New York stock broker, ConvergEx, produced a list of the five most over crowded trades in the market today. Here they are with my comments: 1) Long gold (GLD): when half of the late night TV advertising […]

Read full story Comments are closed

April 1, 2010 – Quote of the Day

'Individuals should be buying a little bit of gold every month forever,' said Marc Faber, publisher of the Gloom, Boom, and Doom Report.

Read full story Comments are closed

March 30, 2010 – Treasury Bonds Are Not for Me

Featured Trades: (TBT), (TBF) 1) Treasury Bonds Are Not for Me. Last week's downward revision to Q4 GDP from 5.9% to 5.6% brings me to reiterate my advice to take profits in your long positions in the TBT, the leveraged short Treasury bond ETF. In the last year, the TBT has achieved seven 10% moves […]

Read full story Comments are closed

March 30, 2010 – Time to Sell US Stocks

Featured Trades: (FXI), ($SSEC) 2) Time to Sell US Stocks. So with the US stock market up almost every day in March, investors are hanging you by your ankles outside a window on a high floor, threatening to let go unless you increase your allocation to equities. How do you escape from this dire predicament? […]

Read full story Comments are closed

March 30, 2010 – An Evening With Malcolm Gladwell

Featured Trades: (MALCOLM GLADWELL) 3) An Evening With Malcolm Gladwell. I spent an evening with the New Yorker Magazine columnist, Malcolm Gladwell, author of The Tipping Point, Blink, and Outliers, and probably the most prolific publisher of original, consensus challenging ideas today. Half English and half Jamaican, the preeminent challenger of cliches and stereotypes was […]

Read full story Comments are closed

March 30, 2010 – 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).

Read full story Comments are closed

March 29, 2010 – The Mad Hedge Fund Trader’s Global Strategy Update

Featured Trades: (STRATEGY LUNCH) 1) Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in a number of venues around the country this year. The first two will be held in San Francisco on April 23, and in New York on May 7. A three […]

Read full story Comments are closed