My bet that the Japanese yen (FXY) would weaken against the dollar has paid off handsomely. I am now so confident that we are finally breaking out of a six month trading range to the downside that I am more than happy to double my short position in the yen. I am therefore taking on […]
The San Francisco Bay area’s beleaguered renting class moaned again on Friday when the social media giant, Twitter (TWTR) finally went public. The deal immediately placed $1.82 billion into the pockets of early shareholders, almost all of whom live near the company’s San Francisco headquarters. Furthermore, at Friday’s closing price of $41.65 a share, the […]
My former employer, The Economist, once the ever tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its “Big Mac” index of international currency valuations. Although initially launched by an imaginative journalist as a joke three decades ago, I have followed it religiously and found it an amazingly accurate […]
Global Market Comments November 12, 2013 Fiat Lux Featured Trade: (YOU JUST CAN’T KEEP AMERICA DOWN), (TLT), (SPY), (GLD), (A SPECIAL NOTE ON NOVEMBER EXERCISED OPTIONS) iShares 20+ Year Treasury Bond ETF (TLT) SPDR S&P 500 (SPY) SPDR Gold Shares (GLD)
You just can’t keep America down. That is the overwhelming message from Friday’s blockbuster October nonfarm payroll showing that 204,000 jobs were added, double the industry forecasts. The headline unemployment rate ratcheted back up from 7.2% to 7.3%, the first gain in many months. August and September were revised up by an eye popping 60,000 […]
There are only 4 days left until the equity option expiration on November 15. My short dated November expiration play turned out to be wildly successful, with all nine of these trades quickly turning profitable. Including the six positions we now have on board, the last 14 consecutive Trade Alerts have been profitable, raising the […]
Global Market Comments November 11, 2013 Fiat Lux Featured Trade: (MAD HEDGE FUND TRADER 2013 PERFORMANCE TOPS 51%), (TLT), (TBT), (AAPL), (XLI), (IWM), (SPY) (TESTIMONIAL), (A TRIBUTE TO A TRUE VETERAN) iShares 20+ Year Treasury Bond ETF (TLT) ProShares UltraShort 20+ Year Treasury (TBT) Apple Inc. (AAPL) Industrial Select Sector SPDR (XLI) iShares Russell 2000 […]
Today is Veterans Day, and I’ll be putting on my faded Marine Corp fatigues and railroad track bars and leading the home town’s Veteran’s Day parade. So I thought it would be a good day to tell you the story of my Uncle Mitch. Since job prospects for high school graduates in rural Pennsylvania in […]
The Trade Alert service of the Mad Hedge Fund Trader has posted a new all time high in performance, taking in 46.05% so far in 2013. The three-year return is an eye popping 101.7%, taking the averaged annualized return to 35%. That compares to a far more modest increase for the Dow Average during the […]
Global Market Comments November 8, 2013 Fiat Lux Featured Trade: (THE RISING RISK OF A MARKET MELT UP) (FXE), (FXY), (YCS), (FXA), (SPY), (USO), (THE PARTY IS JUST GETTING STARTED WITH THE JAPANESE YEN), (FXY), (YCS), (DXJ) CurrencyShares Euro Trust (FXE) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS) CurrencyShares Australian Dollar Trust (FXA) […]
The risk of a major market melt up just took a quantum leap upward with the European Central Bank’s surprise 25 basis points in interest rates a few minutes ago. The move had not been expected from normally sleepy and moribund European monetary authorities for a few more months. The ECB’s action has major positive […]
“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. I firmly believe that a short position in the yen should be at the core of any hedged portfolio for the […]
Global Market Comments November 7, 2013 Fiat Lux Featured Trade: (SELLING THE YEN, AGAIN), (FXY), (YCS), (DXJ), (ENJOY THE DOLLAR RALLY WHILE IT LASTS), (FXA), (FXC), (BNZ), (CYB), (FXE) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS) WisdomTree Japan Hedged Equity (DXJ) CurrencyShares Australian Dollar Trust (FXA) CurrencyShares Canadian Dollar Trust (FXC) WisdomTree Dreyfus […]
The Bank of Japan released the minutes of its previous meeting last night, so we now officially know what’s bothering them. While the inflation rate has edged up to 0.7%, it is still miles (kilometers) away from its two year target of 2.0%. The 100% growth in the money supply promised by the end of […]
Any trader will tell you the trend is your friend, and the overwhelming direction for the US dollar for the last 220 years has been down. Our first Treasury Secretary, Alexander Hamilton, found himself constantly embroiled in sex scandals. Take a ten-dollar bill out of your wallet and you’re looking at a picture of a […]
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