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Riding With Treasury Secretary Jack Lew

I was perusing my morning email in Zermatt a few weeks ago, and spotted the familiar White House address with the .gov ending. Would I be interested in meeting with the new Treasury Secretary, Jack Lew? It was just what I needed to lure me out of my Alpine lair back to the USA. I […]

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August 23, 2013

Global Market Comments August 23, 2013 Fiat Lux Featured Trade: (HOW US JOB LOSSES WILL END),  (FXI), (PIN), (EWY), (VNM), (OPTIONS FOR THE BEGINNER) (BRING BACK THE UPTICK RULE!) iShares China Large-Cap (FXI) PowerShares India (PIN) iShares MSCI South Korea Capped (EWY) Market Vectors Vietnam ETF (VNM)

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How US Job Losses Will End

I was researching comparative Asian wage data the other day and was astounded with what I found. Textile workers earn $2.99 an hour in India (PIN), $1.84 in China (FXI), and $0.49 in Vietnam (VNM). This is an 18 fold increase in labor costs from ten cents an hour since Chinese industrialization launched in 1978. […]

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Options for the Beginner

I strongly urge readers of this letter to log on to Amazon and by a copy of Options for the Beginner and Beyond by W. Edward Olmstead. Options contracts offer investors a wonderful instrument for minimizing risk, while maximizing the upside, and I am going to recommend many more such strategies in the future. So, […]

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Bring Back the Uptick Rule!

When the Dow crashed 514 points in a single day a few years ago, the market lost a staggering $850 billion in market capitalization. High frequency traders were possibly responsible for half of this move, but generated a mere $65 million in profits, some 7/1,000’s of a percent of the total loss. Are market authorities […]

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August 22, 2013

Global Market Comments August 22, 2013 Fiat Lux Featured Trade: (WHY I SOLD OIL),  (USO), (UNG), (UUP) (SALUTING THE “OLD BREED”) United States Oil (USO) United States Natural Gas (UNG) PowerShares DB US Dollar Index Bullish (UUP)

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Why I Sold Oil

I think that oil peaked last week with the Egyptian Army’s ferocious and bloody attack on the Muslim Brotherhood. I hate to sound cynical here, but count the daily bodies in the street, which has been trending down sharply since Thursday’s, 1,000 plus tally. Fewer bodies mean lower oil prices. This has most likely broken […]

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Saluting the “Old Breed”

It was with a mixture of nostalgia and awe that I attended the reunion luncheon celebrating the 71st anniversary of America’s invasion of Guadalcanal. The event was hosted by my former division commander in Desert Storm, Major General Mike Myatt, at the Marines Memorial Association in San Francisco. I was there to represent the family. […]

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August 21, 2013

Global Market Comments August 21, 2013 Fiat Lux Featured Trade: (WHY YOU SHOULD BUY THIS DIP),  (SPX), (IWM), (INDU), (THE BIPOLAR ECONOMY), (TESTIMONIAL) S&P 500 Index (SPX) iShares Russell 2000 Index (IWM) DJ Industrial Average (INDU)

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Why You should Buy This Dip

There’s nothing like coming home and getting slapped in the face with a fresh mackerel the second I step off the plane. That’s what happens when you travel from a continent that is universally positive about US stocks, to one that is largely negative. Take a look at the chart below from my friends at […]

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The Bipolar Economy

Corporate earnings are up big! Great! Buy! No wait! The economy is going down the toilet! Sell! Buy! Sell! Buy! Sell! Help! Anyone would be forgiven for thinking that the stock market has become bipolar. According to the Commerce Department’s Bureau of Economic Analysis, the answer is that corporate profits account for only a small […]

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August 20,2013

Global Market Comments August 20, 2013 Fiat Lux Featured Trade: (I’M BACK!)

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I’m Back!

I sit here at Virgin Atlantic’s upper class lounge at London’s Heathrow airport, awaiting their transcontinental nonstop service to San Francisco, listening to Bach’s Sonata No.1 in G Minor on my headphones. I am returning from a two-month tour of Europe that was highly informative, exciting, and even mind expanding. The proof is the ten […]

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August 19, 2013

Global Market Comments August 19, 2013 Fiat Lux Featured Trade: (HOW THE GOVERNMENT UNDERSTATES THE ECONOMY), (HOW TO GET A FREE TRIP TO EUROPE)  

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How the Government Understates the Economy

I am writing this in the second-class cabin of the Wales to London express train, which is packed to the gills with holiday revelers. In the adjacent seat there is a gaggle of four young ladies dressed to the, nines sporting feathers from their hats, obviously headed for a late summer wedding. They are sharing […]

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