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Why I’m Buying the Treasury Bond Market

The Fed’s decision not to taper, and therefore keep interest rates lower for longer, gave a great flashing green light to the bond market. It has been off to the races ever since, with the iShares Barclays 20+ Year Treasury Bond Fund (TLT) blasting through resistance this morning to new two month high. As this […]

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September 24, 2013

Global Market Comments September 24, 2013 Fiat Lux Featured Trade: (APPLE’S BLOWOUT NUMBERS SEND BEARS SCAMPERING), (AAPL), (QCOM), (CHL), (SSNLF), (MSFT), (GOOG), (EXPIRATION OF MY YEN BEAR PUT SPREAD), (MY PERSONAL LEADING ECONOMIC INDICATOR), (NOTICE TO MILITARY SUBSCRIBERS) Apple Inc. (AAPL) QUALCOMM Incorporated (QCOM) China Mobile Limited (CHL) Samsung Electronics Co. Ltd. (SSNLF) Microsoft Corporation […]

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Apple’s Blowout Numbers Send Bears Scampering

Apple’s (AAPL) report this morning that it sold a stunning 9 million model 5s and 5c iPhones has bowled over even the company’s most optimistic cheerleaders and sent the bears running. The consensus estimate had been only for 5 million units. At the opening highs, shares were up $30 to $497, well above the $468 […]

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Expiration of my Yen Bear Put Spread

Add this one to the “WIN” column. I strapped on this position because I believed that the world was adding risk, expecting major bull moves, once it becomes clear that the multiple disasters now threatening the world don’t actually happen. The list includes war with Syria, the taper, the Bernanke replacement, the debt ceiling crisis, […]

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My Personal Leading Economic Indicator

One of the joys of having small children is that you get to know the guy at the local plumbing supply shop really well. It’s amazing what will fit down a toilet these days. He once told me that when Troll Dolls hit the market, every plumber in the country was guaranteed a job for […]

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Notice to Military Subscribers

To the dozens of subscribers in Iraq, Afghanistan, and the surrounding ships at sea, thank you for your service! I think it is very wise to use your free time to read my letter and learn about financial markets in preparation for an entry into the financial services when you cash out. Nobody is going […]

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September 23, 2013

Global Market Comments September 23, 2013 Fiat Lux Featured Trade: (NOVEMBER 1 SAN FRANCISCO STRATEGY LUNCHEON), (TAKE A LOOK AT OCCIDENTAL PETROLEUM), (OXY), ($WTIC), (USO), (TESTIMONIAL) Occidental Petroleum Corporation (OXY) Light Crude Oil ($WTIC) United States Oil (USO)

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November 1 San Francisco Strategy Luncheon

Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in San Francisco on Friday, November 1, 2013. An excellent meal will be followed by a wide-ranging discussion and an extended question and answer period. I’ll be giving you my up to date view on stocks, […]

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Take a Look at Occidental Petroleum (OXY)

I have kept oil companies in my long term model portfolio for many years now. But there are a lot of belles at the ball, but you can’t dance with all of them. While a student at UCLA in the early seventies, I took a World Politics class, which required me to pick a country, […]

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September 20, 2013

Global Market Comments September 20, 2013 Fiat Lux Featured Trade: (SEPTEMBER 25 GLOBAL STRATEGY WEBINAR), (REPORT FROM THE MATTERHORN SUMMIT)

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Don’t Miss the September 25 Global Strategy Webinar

My next global strategy webinar will be held on Wednesday, September 25 at 12:00 noon EDT. Login in early to get a space. I’ll be giving you my updated outlook on stocks, bonds, commodities, currencies, precious metal, and real estate. The goal is to find the cheapest assets in the world to buy, the most […]

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Report from the Matterhorn Summit

From where I stand, the rolling foothills of Northern Italy spread out below me to the south. On my left lie the distinctive peaks of the Dolomite Alps. On my right I can see the massive expanse of Mont Blanc, at 15,781 feet the highest mountain in Europe. I am standing at the summit of […]

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September 19, 2013

Global Market Comments September 19, 2013 Fiat Lux Featured Trade: (BEN GIVES GREEN LIGHT TO BULL MARKETS), (SPY), (USO), (TLT), (FXE), (FXA), (FXY), (FXB), (YCS), (GLD), (SLV), (HOW TO AVOID PONZI SCHEMES), (PLAY CHINA’S YUAN FROM THE LONG SIDE), (CYB), ($SSEC), (EEM) SPDR S&P 500 (SPY) United States Oil (USO) iShares Barclays 20+ Year Treas […]

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Ben Gives Green Light to Bull Markets

I told you so! Ben Bernanke’s decision not to taper $85 billion a month of Federal Reserve bond purchases came as a surprise to everyone, but me. The reasons were legion. Blame Syria, blame the weak August nonfarm payroll, blame a near zero inflation rate, blame the coming debt ceiling crisis. The bottom line is […]

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How to Avoid Ponzi Schemes

I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who lost most of his personal fortune with Bernie Madoff. The University of Connecticut psychology professor had poured the bulk of his savings into Sandra Mansky’s Tremont feeder fund; receiving convincing trade confirms and rock solid custody statements from the Bank […]

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