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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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How to Get a Free Trip to Europe

During my recent trip to Europe, I made another startling discovery about the woeful state of America’s 19th century health care system. I needed to get refills on my prescription drugs when I was in Zermatt, so I stopped by the local pharmacy and placed an order. This was for three different drugs I take […]

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August 16, 2013

Global Market Comments August 16, 2013 Fiat Lux Featured Trade: (WHY I LOVE/HATE THE OIL COMPANIES), (XOM), (KNOWING THE PRICE OF EVERYTHING AND THE VALUE OF NOTHING) (WHY BUFFET HATES GOLD), (GLD), (GDX), (ABX) Exxon Mobil Corporation (XOM) SPDR Gold Shares (GLD) Market Vectors Gold Miners ETF (GDX) Barrick Gold Corporation (ABX)

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Why I Love/Hate the Oil Companies

The first thing I do when I get up every morning is to curse the oil companies as the blood sucking scourges of modern civilization. I then fall down on my knees and thank God that we have oil companies. You’ve got to love ExxonMobil (XOM), which constantly trades places with Apple (AAPL) for being […]

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Knowing the Price of Everything and the Value of Nothing

As a fanatical follower of the price of everything, I have long been an avid viewer of the television program, Antiques Roadshow, for 14 years, and the English version of the show well before that. This is where you learn what stuff like majolica is. Many aspiring collectors come into the open appraisal events hoping […]

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