The Trade Alert Service of the Mad Hedge Fund Trader has posted a 23.76% profit year to date, taking it to another new all time high. The 26-month total return has punched through to an awesome 78.81%, compared to a miserable 14% return for the Dow average during the same period. That raises the average [...]
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Don’t Get Caught in the Next Real Estate Bubble
Before you place a down payment on that next home, consider that you are voluntarily becoming dependent on government welfare, reliant on massive subsidies, and may become the next ward of the state. Don’t kid yourself that the housing market has become anything but another bubble driven by artificially low interest rates and lax lending [...]
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Why Water Will Soon Become More Valuable Than Oil
If you think that the upcoming energy shortage is going to be bad, it will pale in comparison to the next water crisis. So investment in fresh water infrastructure is going to be a great recurring long-term investment theme. One theory about the endless wars in the Middle East since 1918 is that they have [...]
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Is It Time to Buy Technology Stocks?
Call it the shot heard round the world. David Einhorn’s lawsuit against tech goliath Apple (AAPL) has focused a giant spotlight on what has been one of the worst performing stock market sectors of 2013– large old technology stocks. Could this be the set up for the biggest sector rotation of the year? Most of [...]
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An Afternoon With California Governor Jerry Brown
On my last trip to my lakefront estate at Lake Tahoe, I stopped off at the state capital, Sacramento, to look in on my old friend, Governor Jerry Brown. It is crucial that readers across the country, and indeed, around the world, know what Jerry is thinking. California has always been a “pathfinder” state, and [...]
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How This Bull Market Will Die
The universal question in the market today was “Why is it down” when all the news was good? The weekly jobless claims dropped 5,000 to 366,000, near a five-year low, confirming that the jobs recovery is still on track. Activist shareholder, David Einkorn’s, lawsuit against Apple (AAPL) to unfreeze its cash mountain should have boosted [...]
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The Cruel Truth About Government Statistics
There have been complaints about the quality of government data as long as there have been stock markets. The US is not much better than emerging markets, like China, where numbers are subject to huge, after the fact revisions. A broker friend of mine emailed the conversation below, which has been circulating around the street. [...]
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How Much to Go With Palladium?
Palladium has caught absolutely on fire in recent months. The ETF (PALL) for the hedge fund darling has soared by 34% since the September low, and shows no sign of slowing. The CFTC announced that speculative positions in palladium futures leapt 12% last week to an all time high. Also known as the ‘poor man’s [...]
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Hanging Out With Woz
I first spoke to Steve Wozniak via HAM radio when I was 12 and he was the 14-year-old president of the Homestead High School Radio Club in Cupertino, California. With seven children, my dad was pretty stingy with allowance money. But when it came to electronic parts, I had an unlimited budget, as that is [...]
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Thank Goodness I Don’t Live in Sweden!
I recently found the chart below showing world tax rates as a percentage of GDP for the past 40 years. Sweden suffers the world’s heaviest tax burden at 51%, compared to only 27% in the US. The US has among the world’s lowest tax burdens, which has been falling for the last ten years. Listening [...]
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Why You Should Care About the Iran Rial Collapse
The Iranian Rial (IRR) has just suffered one of the most cataclysmic crashes in the history of the foreign exchange markets. It is off a mind numbing 75% since the beginning of 2011. One dollar now buys 12,200 Rials. Watch out Zimbabwe! When communications between intelligence agencies suddenly spike, as has recently been the case, [...]
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