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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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“Sell in May” Has Started

You don’t have to wait until May for the next correction in the stock market, which is only four trading days away. Take a look at the charts below prepared by my good friends, Arthur Hill and John Murphy at Stockcharts.com, and you’ll see it has already started. In fact, it might be almost over. […]

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China’s View of China

I ran into Minxin Pei, a scholar at the Carnegie Endowment for International Peace who imparted to me some iconoclastic, out of consensus views on China’s position in the world today. He thinks that power is not shifting from West to East; Asia is just lifting itself off the mat, with per capita GDP at […]

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April 24, 2013

Global Market Comments April 24, 2013 Fiat Lux Featured Trade: (JULY 2 NEW YORK STRATEGY LUNCHEON), (THINGS ARE HEATING UP IN MEXICO), (EWW), (UMX), (BSMX), (EEM), (BUDGET CUTS HOT THE WILD ANIMAL MARKET) iShares MSCI Mexico Capped Invstbl Mkt (EWW) ProShares Ultra MSCI Mexico Cppd IMI (UMX) Grupo Financiero Santander S.A.B. de C.V. (BSMX) iShares […]

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July 2 New York Strategy Luncheon

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Seminar, which I will be conducting in New York, NY on Tuesday, July 2, 2013. An excellent three-course lunch will be provided. A PowerPoint presentation will be followed by an extended question and answer period. I’ll be giving you my up to […]

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Things Are Heating Up in Mexico

I have fond memories traveling around northern Mexico during the 1950’s. My grandfather used to drive us across the border into Baja in his pickup truck, the back loaded with camping equipment, water, fishing poles, rifles, and shotguns. There was no border control. To eat, we only had to wait for the tide to go […]

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Budget Cuts Hit the Wild Animal Market

In case you missed it, the second hand animal market has crashed. Forced to slash budgets by cash starved municipalities, the nation’s public zoos have been paring back their collections of living exhibits. The Washington Zoo is trying to offload a 7,000 pound hippopotamus; while the San Francisco Zoo is short some tigers after one […]

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April 23, 2013

Global Market Comments April 23, 2013 Fiat Lux Featured Trade: (MAY 8 LAS VEGAS STRATEGY LUNCHEON), (PROBING FOR A BOTTOM IN GOLD), (GLD), (IS THIS THE FINAL BOTTOM FOR APPLE?), (AAPL), (GOOG), (JCP) SPDR Gold Shares (GLD) Apple Inc. (AAPL) Google Inc. (GOOG) J. C. Penney Company, Inc. (JCP)

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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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Probing for a Bottom in Gold

Thanks to last week’s Armageddon type crash in gold prices, implied volatilities on options in the SPDR Gold Trust Shares (GLD) have rocketed to five-year highs. This is in sharp contrast to equity index option implieds, which are just a few percent above six year lows. Therefore, the deep in the money option strategy in […]

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Is This the Final Bottom for Apple?

Apple has been one of the great conundrums of the investment industry this year, the stock falling through the floor of any standard valuation model. With the shares at $395 the stock is discounting a 12% drop in earnings per year for the next several years. Either something terrible is about to happen at Steve […]

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April 22, 2013

Global Market Comments April 22, 2013 Fiat Lux Featured Trade: (MAY 8 LAS VEGAS STRATEGY LUNCHEON), (THE TAX RATE FALLACY), (AN AFTERNOON WITH BOONE PICKENS)

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