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The Cruel Truth About Government Statistics

There have been complaints about the quality of government data as long as there have been stock markets. The US is not much better than emerging markets, like China, where numbers are subject to huge, after the fact revisions. A broker friend of mine emailed the conversation below, which has been circulating around the street. […]

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February 7, 2013

Global Market Comments February 7, 2013 Fiat Lux Featured Trade: (HOW MUCH TO GO WITH PALLADIUM), (PALL), (HANGING OUT WITH WOZ), (AAPL), (THANK GOODNESS I DON’T LIVE IN SWEDEN), (EWD) ETFS Physical Palladium Shares (PALL) Apple Inc. (APPL) iShares MSCI Sweden Index (EWD)  

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How Much to Go With Palladium?

Palladium has caught absolutely on fire in recent months. The ETF (PALL) for the hedge fund darling has soared by 34% since the September low, and shows no sign of slowing. The CFTC announced that speculative positions in palladium futures leapt 12% last week to an all time high. Also known as the ‘poor man’s […]

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Hanging Out With Woz

I first spoke to Steve Wozniak via HAM radio when I was 12 and he was the 14-year-old president of the Homestead High School Radio Club in Cupertino, California. With seven children, my dad was pretty stingy with allowance money. But when it came to electronic parts, I had an unlimited budget, as that is […]

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Thank Goodness I Don’t Live in Sweden!

I recently found the chart below showing world tax rates as a percentage of GDP for the past 40 years. Sweden suffers the world’s heaviest tax burden at 51%, compared to only 27% in the US. The US has among the world’s lowest tax burdens, which has been falling for the last ten years. Listening […]

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February 6, 2013

Global Market Comments February 6, 2013 Fiat Lux Featured Trade: (WHY YOU SHOULD CARE ABOUT THE IRANIAN RIAL COLLAPSE), (WHEN YOUR OPTIONS ARE EXERCISED)

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Why You Should Care About the Iran Rial Collapse

The Iranian Rial (IRR) has just suffered one of the most cataclysmic crashes in the history of the foreign exchange markets. It is off a mind numbing 75% since the beginning of 2011. One dollar now buys 12,200 Rials. Watch out Zimbabwe! When communications between intelligence agencies suddenly spike, as has recently been the case, […]

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When Your Options Are Exercised

I received a few emails from readers whose option holdings have been exercised against them, and have asked me for advice on how best to proceed. So, here we go. The options traded on US exchanges are American style, meaning that they can be exercised at any time by the owner. This is opposed to […]

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February 5, 2013

Global Market Comments February 5, 2013 Fiat Lux Featured Trade: (FEBRUARY IS THE CRUELEST MONTH), (SPX), (SPY), (WHY GOLD IS DEAD), (GLD), (GDX), (TESTIMONIAL), (OXY), (BYDDF)

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February is the Cruelest Month

Actually, it is the second cruelest month. September is the worst, as indicated by the table below, put together by my friends at Stockcarts.com. I think you have to get some sort of pullback between now and March 15, like of the 2%-4% range. It’s not that we are without fundamental reasons to do so. […]

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Why Gold is Dead

It certainly has been a year of gnashing teeth and tearing hair for inveterate gold bugs (GLD). They got everything they wanted on the fundamental side. Runaway printing presses from the Federal Reserve, profligate spending from the US government, and a series of unending crises threatening our oil supplies in the Middle East. Yet, the […]

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February 4, 2013

Global Market Comments February 4, 2013 Fiat Lux Featured Trade: (GOLDILOCKS DELIVERS A NONFARM PAYROLL), (SPY), (SPX), (DOW), (FEBRUARY 6 GLOBAL STRATEGY WEBINAR), (LOOK AT THAT YEN!), (FXY), (YCS)

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Goldilocks Delivers a Nonfarm Payroll

Does it get any better than this? First, the hometown San Francisco Giants win the World Series in a four game sweep. Then the San Francisco 49er’s play in the Super Bowl. Finally, I win the World Series/Super Bowl of investing by capturing an absolutely pyrotechnic 21% year to date performance, boosting me once again […]

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Don’t Miss the February 6 Global Strategy Webinar

My next global strategy webinar will be held on Wednesday, February 6 at 12:00 noon EST. This one will be open to the public, so 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 […]

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Look at That Yen!

All of those years spent living in rabbit hutch sized apartments, getting hand packed by white gloved railway men into rush hour train cars, and learning an impossible language, are finally paying off. I have to tell you, I really have to think hard to recall a plunge in a major currency that has been […]

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