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July 25 Portofino, Italy Strategy Luncheon

Come join John Thomas for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting near Portofino, Italy on the Italian Riviera, on Thursday, July 25, 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 […]

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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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Dinner with Nobel Prize Winner Paul Krugman

The first thing I noticed when Paul walked in was the few extra pounds and silvery tinge to his hair he acquired since I saw him last. He’s clearly spending too much time behind a computer writing those acidic columns for the New York Times. We’re all short dated options in the end, I thought. […]

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July 15, 2013

Global Market Comments July 15, 2013 Fiat Lux Featured Trade: (AUGUST 1 MYKONOS, GREECE STRATEGY LUNCHEON), (WHAT’S GOING ON WITH THE VIX?), (VIX), (VXX), (CONNECTING UP AMERICA), (THE MYSTERY OF THE BRASHER DOUBLOON), (GLD) VOLATILITY S&P 500 (VIX) iPath S&P 500 VIX ST Futures ETN (VXX) SPDR Gold Shares (GLD)

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August 1 Mykonos, Greece Strategy Luncheon

Come join John Thomas for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting on the Greek island of Mykonos in the Aegean Sea on Thursday, August 1, 2013. A three-course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I’ll be giving […]

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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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