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Trade Alert Service Posts Two Year 90% Profit

The Trade Alert Service of the Mad Hedge Fund Trader has posted a 90.6% profit since the inception of the service 30 months ago. That compares to a modest 21% return for the Dow average during the same period. This raises the average annualized return for the service to 36.2%, elevating it to the absolute […]

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May 8 Las Vegas Strategy Luncheon

Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Las Vegas, Nevada on Wednesday, May 8, 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 […]

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It’s Official: There’s Nothing To Do

You may have noticed that I am a man who is never short of words. I also rarely am for wont of things to do. This is one of those times. Every morning, I drag myself out of bed early, throw cold water on my face, and drag my sorry ass to my computers, where […]

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Dinner with Eliot Spitzer

I couldn’t for the life of me figure out why New York’s former governor and federal prosecutor, Eliot Spitzer, wanted to invite me to dinner. He wasn’t flogging a book or promoting a movie, and he certainly wasn’t running for office again. But I went anyway, thinking perhaps the notorious “Client No. 9” might let […]

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April 29, 2013

Global Market Comments April 29, 2013 Fiat Lux Featured Trade: (MAY 8 LAS VEGAS STRATEGY LUNCHEON), (THE HARD NUMBERS BEHIND SELLING IN MAY), (SPY), (WHEN THE DEMOGRAPHIC HEADWIND BECOMES A TAILWIND), (ONLY BUY COMPANIES YOU HATE) (BP) (GS), (C), (PFE), (MO) SPDR S&P 500 (SPY) BP plc (BP) The Goldman Sachs Group, Inc. (GS) Citigroup, […]

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May 8 Las Vegas Strategy Luncheon

Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Las Vegas, Nevada on Wednesday, May 8, 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 […]

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The Hard Numbers Behind Selling in May

If I had a nickel for every time that I heard the term “Sell in May and go away” this year, I could retire. Oops, I already am retired! In any case, I thought that I would dig out the hard numbers and see how true this old trading adage is. It turns out that […]

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When the Demographic Headwind Becomes a Tailwind

Regular readers of this letter are well aware of the enormous headwind facing all assets classes caused by the retirement of 80 billion baby boomers, which started in earnest at the beginning of 2012. With only 65 million Gen Xer’s of the following generation, who is going to buy the assets of their retiring parents? […]

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Only Buy Companies You Hate

Dilbert cartoonist Scott Adams argues that you should invest in companies you hate, because only the most unprincipled and rapacious firms make the greatest profits. Moral bankruptcy is a great leading indicator of success, and the best ones can get you to balance your wallet on the end of your nose and bark like a […]

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April 26, 2013

Global Market Comments April 26, 2013 Fiat Lux Featured Trade: (WHY I’M COVERING MY BOND SHORTS), (TLT), (TBT) (STEVE JOBS’ LAST LAUGH), (AAPL), (GRAPES OF WRATH REDUX) iShares Barclays 20+ Year Treas Bond (TLT) ProShares UltraShort 20+ Year Treasury (TBT) Apple Inc. (AAPL)

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Why I’m Covering My Bond Shorts

I am going to bail on my (TBT) position at close to cost. For me, it is amazing that we got a 350-point rally in the Dow and ten-year Treasury bond yields only manage to eke out a gain from 1.68% to 1.72%. I scoured the bond trading pits in Chicago yesterday, and the answer […]

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Steve Jobs’ Last Laugh

Nothing beats instant gratification. Bragging rights are nice too. On Monday, when I strapped on this trade, angry readers emailed me to tell me that I was truly out of my mind. Apple was an ex-growth company, had lost its ability to innovate, shed its “cool” factor, and had fallen behind Samsung with its large […]

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Grapes of Wrath Redux

It’s another sign of the times when the weekend fruit picker population is doubled by people hard hit by the economy, looking to save money on food costs. After driving through miles of undulating brown hills studded with oak trees, passing mile upon mile of horse ranches, rusted out cars, and abandoned mobile homes, you […]

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April 25, 2013

Global Market Comments April 25, 2013 Fiat Lux Featured Trade: (MAY 8 LAS VEGAS STRATEGY LUNCHEON), (SELL IN MAY HAS ALREADY STARTED), (SPY), (IWM), (TLT), (TBT), (GLD), (SLV), (USO), (UNG), (CHINA’S VIEW OF CHINA), (FXI), (EEM) SPDR S&P 500 (SPY) iShares Russell 2000 Index (IWM) iShares Barclays 20+ Year Treas Bond (TLT) ProShares UltraShort 20+ […]

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May 8 Las Vegas Strategy Luncheon

Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Las Vegas, Nevada on Wednesday, May 8, 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 […]

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