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Bonds are Breaking Down All Over

It looks like the Great Bond Reallocation of 2013 is real. The Treasury bond market is getting absolutely hammered this morning, the ten-year yield breaching 2.00%. That smashes the 1.40%-1.90% band, which has imprisoned the bond market for the past year. The immediate trigger was the release of absolute blowout December durable goods figures this […]

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Report From the Inauguration

I am writing this report from the steps of the Capital Building in Washington DC, scratching my notes on the back of a commemorative program with a golf pencil, absolutely freezing my buns off. I am wearing all the warm clothes I own, including my Marine Corps olive winter weight double knit wool officer’s trousers. […]

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January 28, 2013

Global Market Comments January 28, 2013 Fiat Lux Featured Trade: (THE RACE TO THE BOTTOM FOR CURRENCIES MEANS A RACE TO THE TOP FOR STOCKS), (SPX), (SPY), (EWG), (DWJ), (FXY), (YCS), (FXE), (RUBBING SHOULDERS WITH “THE 1%” AT INCLINE VILLAGE)

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The Race to the Bottom for Currencies Means a Race to the Top for Stocks

Even the Old Hands, like myself, are somewhat amazed by the strength of the global equity markets this month. The S&P 500 has risen 11 out of the last 12 trading days, and is up almost every day this month. It has been the best January in 18 years. The first week saw the biggest […]

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Rubbing Shoulders With “The 1%” at Incline Village

If you really want to get a read on how “the 1%” are faring these days, take a ski vacation to the tony hamlet of Incline Village on the pristine shores of Nevada’s Lake Tahoe. Each morning, I trekked to Starbucks, one of the few local sources for the Wall Street Journal and the New […]

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January 24, 2013

Global Market Comments January 24, 2013 Fiat Lux Featured Trade: (SPX 1,600, HERE WE COME!), (SPX), (SPY), ($INDU), (TLT), (VIX), (USO) (WHY THE YEN WILL NEVER RECOVER), (FXY), (YCS)

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SPX 1,600, Here We Come!

Take a look at the chart below for the S&P 500, and it is clear that we are gunning for an all time high between 1,550 and 1,600. With the debt ceiling crisis now cancelled, you really have to look hard to find any near term reasons to sell stocks, so we could hit those […]

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Why the Yen Will Never Recover

If anyone is expecting the Japanese yen to take back the losses it has suffered over the last two months, you can forget about it happening anytime soon, eventually, or in your lifetime. Naysayers have been pointing to this week’s policy meeting at the Bank of Japan as proof that the yen has stumbled in […]

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January 23, 2013

Global Market Comments January 23, 2013 Fiat Lux Featured Trade: (TRADE ALERT SERVICE BLASTS TO NEW ALL TIME HIGH), (SPY), (IWM), (FCX), (AIG), (FXY), (YCS), (TLT) (CATCHING UP WITH DOWNTON ABBEY)

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Trade Alert Service Blasts to New All Time High

The Trade Alert Service of the Mad Hedge Fund Trader posted a new all time high today, pushing its two-year return up to 66%. The Dow average booked a miniscule 12% gain during the same time period. The industry beating record was achieved on the back of a spectacular January, which so far had earned […]

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Catching Up With Downton Abbey

I decided to flee the madness in London for a day and visit some old friends in the countryside, the 8th Earl and Countess of Carnarvon. The late 7th Earl was an early investor in my first hedge fund and I have kept in touch with the family ever since. His grandfather, the 5th Earl […]

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January 22, 2013

Global Market Comments January 22, 2013 Fiat Lux Featured Trades: (THE DEBT CEILING CRISIS IS CANCELLED), (SPY), (IWM), (FCX), (AIG), (FXY), (YCS),(AAPL), (VIX) (JANUARY 23 GLOBAL STRATEGY WEBINAR)

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The Debt Ceiling Crisis is Cancelled

I am sitting here in front of a crackling hot fire at my lakeshore estate in Nevada’s Incline Village. It is a brilliantly clear day, with mallard ducks skimming the surface of Lake Tahoe, and the Canadian geese flying in formation overhead. Snow covered Mount Tallac, some 30 miles to the South, looks so close […]

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Don’t Miss the January 23 Global Strategy Webinar

My next global strategy webinar will be held on Wednesday, December 12 at 12:00 noon EST. 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 expensive to sell short, and the appropriate […]

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January 18, 2013

Global Market Comments January 18, 2013 Fiat Lux Featured Trades: (ATTENDING MY LAST ELECTRIC NISSAN LEAF RALLY) (SPOILED FOR CHOICE)

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