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What’s Going on With the VIX?

After crawling off the mat at the 12% level, and rising all the way back up to 19%, traders are wondering if the Volatility Index (VIX) is finally coming back to life. Or is this just another dead cat bounce? It wasn’t supposed to work that way. Falling markets should send investors scrambling to buy […]

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Connecting Up America

Until now, the country’s power grid has been divided into three unconnected, noncompetitive kingdoms (in the spirit of Game of Thrones), making transnational transmission impossible, leading to huge regional mispricing. While California and New York suffered from periodic brown outs and sky high prices, electricity was given away virtually for free in Texas. A group […]

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The Mystery of the Brasher Doubloon

I’ll never forgot when my friend, Don Kagin, one of the world’s top dealers in rare coins, walked into the gym one day and announced that he made $1 million that morning.  I inquired “How is that, pray tell?” He told me that he was an investor and technical consultant to a venture hoping to […]

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July 12, 2013

Global Market Comments July 12, 2013 Fiat Lux Featured Trade: (JULY 16 BERLIN STRATEGY LUNCHEON), (WHEN THE DEMOGRAPHIC HEADWIND BECOMES A TAILWIND), (AN AFTERNOON WITH ACE REPORTER HELEN THOMAS) (STOPPING BY OBAMA’S HOUSE)

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July 16 Berlin Strategy Luncheon

Come join John Thomas for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Berlin, Germany, at 12:00 noon on Tuesday, July 16, 2013. A three-course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving you my up to […]

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When the Demographic Headwind Becomes a Tailwind

I managed to catch up with my friend, Harry Dent, the other day, the guru on all things demographic (click the following link for his site www.hsdent.com/). Regular readers of this letter are well aware of the enormous headwind impeding all assets classes caused by the retirement of 80 billion baby boomers, which started in […]

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An Afternoon With Ace Reporter Helen Thomas

I managed to catch up with my former white House Press Corp colleague, Helen Thomas, when her national book tour swung through San Francisco. At 92, Helen is the oldest and longest serving member of this esteemed group of journalists, and has the traditional right to ask the first question at each press conference. The […]

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Stopping by Obama’s House

During my recent quick run through Chicago to visit clients, I couldn’t resist the temptation to stop by President Obama’s house and see how close I could get. Nestled on Greenwood Avenue and 50th street in up and coming Hyde Park, I was thwarted by two concrete crash barriers, 16 cop cars, and army of […]

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July 11, 2013

Global Market Comments July 11, 2013 Fiat Lux Featured Trade: (JULY 19 FRANKFURT STRATEGY LUNCHEON), (COFFEE WITH DR. ROBERT SHILLER), (INVESTING IN DINOSAUR POOP)

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July 19 Frankfurt Strategy Luncheon

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Frankfurt, Germany on Friday, July 19, 2013. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving you my up to date view on […]

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Investing in Dinosaur Poop

The dinosaur bone market has crunched. Once a favorite collectible of high-flying hedge fund managers, the prices of everything from tyrannosaurus rex to brontosaurus fossils have skidded. A recent auction of a triceratops skeleton failed to reach its minimum bid of $1 million. Even prices for fossilized dinosaur excrement, a popular niche market, have gone […]

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Coffee with Robert Shiller

Yale professor, Robert Shiller, is the kind of imp like, peripatetic college professor you might expect to find in a Disney movie. Highly animated and jumping from one radical idea to the next it is hard to keep up with his stream of consciousness torrent of economic innovations. After a two-hour barrage, I was so […]

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July 10, 2013

Global Market Comments July 10, 2013 Fiat Lux Featured Trade: (JULY 12 AMSTERDAM STRATEGY LUNCHEON), (PLEASE USE MY FREE DATA BASE SEARCH), (DRINKS WITH THE PRESIDENT)

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July 12 Amsterdam Strategy Luncheon

Come join John Thomas for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Amsterdam, The Netherlands, on Friday, July 12, 2013. A three-course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving you my up to date view […]

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Please Use My Free Data Base Search

The original purpose of this letter was to build a database of ideas to draw on in the management of my hedge fund. When a certain trade comes into play, I merely type in the symbol, name, currency, or commodity into the search box, and the entire fundamental argument in favor of that position pops […]

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