Say Goodbye to Your Favorite Teacher

Teacher

Don’t bother taking an apple to school to give your favorite teacher, unless you want to leave it in front of a machine. The schoolteacher is about to join the sorry ranks of the service station attendant, the elevator operator, and the telephone operators whose professions have been rendered useless by technology. The next big social trend in this country will be to replace … [Read more...]

Not Your Father’s Railroads

Train-Cargo

When I rode Amtrak’s California Zephyr service from Chicago to San Francisco last year, I passed countless trains heading west hauling hoppers full of coal for shipment to China. This year I took the same trip. The coal trains were gone. Instead I saw 100 car long tanker trains transporting crude oil from North Dakota south to the Gulf Coast. I thought, “There’s got to be a … [Read more...]

July 18, 2013

Global Market Comments July 18, 2013 Fiat Lux Featured Trade: (AUGUST 9 ZERMATT, SWITZERLAND STRATEGY SEMINAR), (MONEY DOWN THE DRAIN), (MID ATLANTIC THOUGHTS ABOARD THE QUEEN MARY 2, PART II) … [Read more...]

August 9 Zermatt, Switzerland Strategy Seminar

Zermatt

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Seminar, which I will be conducting high in the Alps in Zermatt, Switzerland at 2:00 PM on Friday, August 9, 2012. A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. Coffee, tea, and schnapps will be made available, along with light snacks. You … [Read more...]

Money Down the Drain?

Girl-Money

Who was the top paid state employee in California last year? The governor? The Chief Justice of the Supreme Court? How about the leader of the Senate? Nope. It was a prison psychiatrist who took home an eye popping $838,706, most of it in overtime. I love it! The state drives people insane by sending them to jail, then tries to cure them with triple overtime. It is a wealth … [Read more...]

Mid Atlantic Thoughts Aboard the Queen Mary 2, Part II

John Thomas-computer

LOCATION: 48 degrees, 02.12 minutes North, 043 degrees, 42.08 minutes West, or 1,000 miles south of Greenland. When I visited the computer center, I was stunned to learn that they were offering three hour long classes on Apple products and programs every hour, all day long. They covered iMacs, iPads, IPods, IPhones, and all of the associated software and gizmos. I promptly … [Read more...]

July 17, 2013

Global Market Comments July 17, 2013 Fiat Lux Featured Trade: (AUGUST 1 MYKONOS, GREECE STRATEGY LUNCHEON), (EXPLORING MY NEW YORK ROOTS), (MID ATLANTIC THOUGHTS ABOARD THE QUEEN MARY 2, PART 1) … [Read more...]

August 1 Mykonos, Greece Strategy Luncheon

Mykonos

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 you my up to date view on stocks, bonds, foreign … [Read more...]

Exploring my New York Roots

queenmary

While in New York waiting to board Cunard’s Queen Mary 2 to sail for Southampton, England, I decided to check out the Bay Ridge address near the Verrazano Bridge where my father grew up. I took a limo over to Brooklyn and knocked on the front door. I told the owner about my family history with the property, but I could see from the expression on his face that he didn’t … [Read more...]

Mid Atlantic Thoughts Aboard the Queen Mary 2, Part I

Queen Mary

Location: 48 degrees, 02.12 minutes North, 043 degrees, 42.08 minutes West, or 1,421 nautical miles ENE of New York. The Queen Mary 2 is currently plowing its way through a massive fog bank a thousand miles thick, sounding the foghorn every two minutes. Visibility is less than 100 yards, and the waves are a rough 12 feet high. The captain has closed the outside decks for … [Read more...]

July 16, 2013

Global Market Comments July 16, 2013 Fiat Lux Featured Trade: (JULY 25 PORTOFINO, ITALY STRATEGY LUNCHEON), (KNOWING THE PRICE OF EVERYTHING AND THE VALUE OF NOTHING), (DINNER WITH NOBEL PRIZE WINNER PAUL KRUGMAN) … [Read more...]

July 25 Portofino, Italy Strategy Luncheon

Portofino, Italy

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 to date view on stocks, bonds, foreign currencies, … [Read more...]

Knowing the Price of Everything and the Value of Nothing

Antique Road Show

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 they have inherited something of untold value from their … [Read more...]

Dinner with Nobel Prize Winner Paul Krugman

End This Depression Now!

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. We met at my favorite San Francisco restaurant, Gary Danko’s (click here for their … [Read more...]

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) … [Read more...]

August 1 Mykonos, Greece Strategy Luncheon

Mykonos

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 you my up to date view on stocks, bonds, foreign … [Read more...]

What’s Going on With the VIX?

John Keynes

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 downside protection in the form of put options, which would automatically … [Read more...]

Connecting Up America

Solar Panels

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 of power … [Read more...]

The Mystery of the Brasher Doubloon

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 discover the long lost USS Central America, which sunk in a storm off the Atlantic … [Read more...]

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) … [Read more...]

July 16 Berlin Strategy Luncheon

Berlin-Brandenburg Gate

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 date view on stocks, bonds, foreign currencies, commodities, … [Read more...]

Stopping by Obama’s House

Security-Neighborhood

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 elderly Chicago police happily pulling overtime. Shifty looking … [Read more...]

July 19 Frankfurt Strategy Luncheon

Frankfurt-8

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 stocks, bonds, foreign currencies, commodities, precious metals, and … [Read more...]

Investing in Dinosaur Poop

T, Rex named Sue

The dinosaur bone market has crunched. Once a favorite collectible of high-flying hedge fund managers, the prices of everything from tyrannosaurus rex to brontosaurus fossils have skidded. A recent auction of a triceratops skeleton failed to reach its minimum bid of $1 million. Even prices for fossilized dinosaur excrement, a popular niche market, have gone down the … [Read more...]

Coffee with Robert Shiller

shiller1_1

Yale professor, Robert Shiller, is the kind of imp like, peripatetic college professor you might expect to find in a Disney movie. Highly animated and jumping from one radical idea to the next it is hard to keep up with his stream of consciousness torrent of economic innovations. After a two-hour barrage, I was so intellectually exhausted that all I could do when I returned … [Read more...]

July 12 Amsterdam Strategy Luncheon

Amsterdam

Come join John Thomas for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Amsterdam, The Netherlands, on Friday, July 12, 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 stocks, bonds, foreign currencies, commodities, … [Read more...]

Please Use My Free Data Base Search

Woman hitting head

The original purpose of this letter was to build a database of ideas to draw on in the management of my hedge fund. When a certain trade comes into play, I merely type in the symbol, name, currency, or commodity into the search box, and the entire fundamental argument in favor of that position pops up. You can do the same. Just type anything into the search box with the … [Read more...]

Drinks With the President

Obama with Security

President Barack Obama certainly arrives at a party like a rock star. Three silver GM Suburban’s flanking an armored black Cadillac limo screech to a halt with lights flashing. All of the roads in the immediate vicinity are closed to traffic. A dozen sunglass bedecked Secret Service agents leap out, immediately scanning the perimeter. The president bounds out and briskly … [Read more...]

July 9, 2013

Global Market Comments July 9, 2013 Fiat Lux Featured Trade: (JULY 16 BERLIN STRATEGY LUNCHEON), (WHO IS BEN BERNANKE?), (KEEP INDONESIA ON YOUR RADAR), (IDX), (WHY WE NEED SIX NEW SAUDI ARABIA’S) (USO), (RIG), (XOM), (OXY) Market Vectors Indonesia Index ETF (IDX) United States Oil (USO) Transocean Ltd. (RIG) Exxon Mobil Corporation (XOM) Occidental Petroleum … [Read more...]

July 16 Berlin Strategy Luncheon

Berlin-Brandenburg Gate

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 date view on stocks, bonds, foreign currencies, commodities, … [Read more...]

Who is Ben Bernanke?

220px-Ben_Bernanke_official_portrait

Since nothing less than the fate of the free world depends on the judgment of Ben Bernanke these days, I thought I’d touch base with David Wessel, the Wall Street Journal economics editor, who has just published In Fed We Trust: Ben Bernanke’s War on the Great Panic. I doubted David could tell me anything more about the former Princeton professor I didn’t already know. I … [Read more...]

Keep Indonesia on your Radar

Indonesian Natives

If you are looking for another emerging market to add to your list of things to buy on dips, then take a look at Indonesia (IDX). The world’s largest Muslim country offers a combination that I love, a population with great demographics that is also a major energy and commodities exporter. The archipelago is the biggest country in Southeast Asia and a huge exporter of oil and … [Read more...]

Why We Need Six New Saudi Arabia’s

Camel21-1

I recently spent an evening with Ambassador Richard Jones, the Deputy Executive Director of the International Energy Agency in Paris, who had some eye opening things to say about the energy space. The IEA was first set up as a counterweight to OPEC during the oil crisis in 1974, and has since evolved into a top-drawer energy research organization. World GDP will grow an … [Read more...]

July 8, 2013

Global Market Comments July 8, 2013 Fiat Lux Featured Trade: (JULY 19 FRANKFURT STRATEGY LUNCHEON), (THE TWO CENTURY DOLLAR SHORT), (UUP), (FXY), (FXE), (FXB), (FXC), (FXA), (BNZ), (CYB) (CNN’S JOHN LEWIS; THE DEATH OF A COLLEAGUE) PowerShares DB US Dollar Index Bullish (UUP) CurrencyShares Japanese Yen Trust (FXY) CurrencyShares Euro Trust (FXE) CurrencyShares … [Read more...]

July 19 Frankfurt Strategy Luncheon

Frankfurt-8

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 stocks, bonds, foreign currencies, commodities, precious metals, and … [Read more...]

The Two Century Dollar Short

10 Dollar Bill

Any trader will tell you the trend is your friend, and the overwhelming direction for the US dollar for the last 220 years has been down. Our first Treasury Secretary, Alexander Hamilton, found himself constantly embroiled in sex scandals. Take a ten dollar bill out of your wallet and you’re looking at a world class horn dog, a swordsman of the first order. When he wasn’t … [Read more...]

CNN’s John Lewis; the Death of a Colleague

John Lewis

I was deeply saddened by the death of my old friend, CNN Asia correspondent, John Lewis, a legend in television journalism. I first met John in Tokyo at the Foreign Correspondents’ Club of Japan back in 1974, when he was a decorated Vietnam vet from Ohio trying to claw his way into TV, bootstrap style. Personable and easy going, he was one of the few in the club who got … [Read more...]

July 8 London Strategy Luncheon

Big_Ben_8583a

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in London on Monday, July 8, 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 stocks, bonds, currencies commodities, precious metals, and real estate. And to keep … [Read more...]

My Briefing from the Joint Chiefs of Staff

General James Cartwright

I have always considered the US military to have one of the world’s greatest research organizations. The frustrating thing is that their “clients” only consist of the President and a handful of three and four star generals. So I thought that I would review my notes from a dinner I had with General James E. Cartwright, the former Vice Chairman of the Joint Chiefs of Staff, and … [Read more...]

Only Buy Companies You Hate

Anger-Computer

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 seal, as you buy products that you utterly despise. Companies … [Read more...]

July 3, 2013

Global Market Comments July 3, 2013 Fiat Lux Featured Trade: (JULY 12 AMSTERDAM STRATEGY LUNCHEON), (IRAN SHOULD FOLD ITS NUCLEAR PROGRAM, OR ELSE), (PETER F. DRUCKER ON MANAGEMENT) … [Read more...]

July 12 Amsterdam Strategy Luncheon

Amsterdam

Come join John Thomas for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Amsterdam, The Netherlands, on Friday, July 12, 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 stocks, bonds, foreign currencies, commodities, … [Read more...]

Iran Should Fold Its Nuclear Program, Or Else

Flags

“We have 3,500 nuclear weapons left over from the cold war we don’t need, they take 20 seconds to re-aim, we’re not afraid to use them. And by the way, they’re already aimed at you.” That is the approach James Baker III thinks America should take with Iran, Ronald Reagan’s Chief of Staff and Secretary of the Treasury, and George H.W. Bush’s Secretary of State. At the same … [Read more...]

Peter F. Drucker on Management

The Essential Drucker

If you have been living in a cave for the last 71 years and missed the work of management guru, Peter F. Drucker, here is your chance to catch up. I just finished reading The Essential Drucker, a weighty tome of 368 pages which summarized the high points and pearls of wisdom of the author’s 38 books published since 1939. A self described “social ecologist”, Drucker was a … [Read more...]

July 2, 2013

Global Market Comments July 2, 2013 Fiat Lux Featured Trade: (JULY 16 BERLIN STRATEGY LUNCHEON), (DIAMONDS ARE STILL AN INVESTOR’S BEST FRIEND), (SO YOU THINK THEY’RE NOT WATCHING YOUR PC?)   … [Read more...]

July 16 Berlin Strategy Luncheon

Berlin-Brandenburg Gate

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 date view on stocks, bonds, foreign currencies, commodities, … [Read more...]

Diamonds Are Still an Investor’s Best Friend

ring

If you forgot to buy your loved one a birthday present and spent a week sleeping on the sofa, eating canned food, and cleaning out the cat box, you now have a chance to redeem yourself. A revolutionary new website exists called Mazal Diamond, which promises to turn the online jewelry business upside down. I went to the privately held company’s website at … [Read more...]

So You Think They’re Not Watching Your PC?

Computer

Hey! You there, staring at this monitor. This is your PC talking to you. No, not you over there standing in the background. I’m talking to the guy sitting in front of me poking at my keys. Ouch! That one hurt! So you thought no one was watching, did you? Let me set you straight. About a month ago you clicked on a certain website, and I installed myself as a cookie on your … [Read more...]

July 1, 2013

Global Market Comments July 1, 2013 Fiat Lux Featured Trade: (MAD DAY TRADER IS NOW FOR SALE), (AUGUST 1 MYKONOS, GREECE STRATEGY LUNCHEON), (BE CAREFUL WHO YOU SNITCH ON), (COULD YOU QUALIFY TO BECOME A US CITIZEN?) … [Read more...]

Mad Day Trader is Now for Sale!

I am pleased to announce that the The Mad Day Trader is now for sale, my first major upgrade to your service. While the Global Trading Dispatch focuses on investment over a one week to six-month time frame, Mad Day Trader will exploit money-making opportunities over a ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term … [Read more...]

August 1 Mykonos, Greece Strategy Luncheon

Mykonos

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 you my up to date view on stocks, bonds, foreign … [Read more...]

Be Careful Who You Snitch On

Sherron Watkins

Buried in the recently passed Dodd-Frank financial reform bill are massive financial rewards for turning in your boss. The SEC is hoping that multimillion dollar rewards amounting to 10%-30% of sanction amounts will drive a stampede of whistle-blowers to their doors with evidence of malfeasance and fraud by their employers. If such rules were in place at the time of the … [Read more...]

Could You Qualify to Become a US Citizen?

Swearing In Citizen

The coming Fourth of July celebration brings back memories of my late wife’s campaign to become an American citizen, who originally came from Japan. Part of the process required a verbal quiz about US history and government. Our family spent a year energetically prepping her, with nightly grilling’s over dinner about the most obscure details of our independent form of … [Read more...]

Taking Off for Europe

Zermatt

My tux and white dinner jacket are packed, the hotels are booked, and the limo is waiting outside. The Cessna is fully fueled and the flight plan filed. I am taking off for my annual European Strategy Luncheon Tour. Along the way I will be meeting with other hedge fund managers, senior government officials, CEO’s at major banks and Fortune 500 companies, large institutional … [Read more...]

June 27, 2013

Global Market Comments June 27, 2013 Fiat Lux Featured Trade: (UPDATED 2013 STRATEGY LUNCHEON SCHEDULE), (THE BITTER MEDICINE FOR THE STATES), (THE FALLING MARKET FOR KIDS), (HOLLYWOOD CASHES IN ON WALL STREET TROUBLES) … [Read more...]

Updated 2013 Summer Strategy Luncheon Schedule

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Updates, which I will be conducting throughout Europe during the summer of 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 stocks, bonds, currencies commodities, precious metals, and real estate. … [Read more...]

The Bitter Medicine for the States

US Map

On a map, it appears that the United States is made up of 50 states. The fiscal reality is that we have 20 Portugal’s, 15 Italy’s, 10 Ireland’s, 3 Greece’s, and 2 Spain’s. In the aftermath of the Great Recession, state GDP’s saw the sharpest drop since 1981. States shoveled money out of the economy nearly as fast as the Obama administration shoveled it in. During the bubble, … [Read more...]

The Falling Market for Kids

Kids

Until the 19th century, children used to provide income and security for their parents as they worked on the family farm. That dynamic continued when industrialization brought families into the cities and kids into the factories. Since then, children have been a great short. A hundred years of state mandated education and child labor laws increased the cost of raising … [Read more...]

Hollywood Cashes in on Wall Street’s Troubles

Demi Moore

I have done many things in my life: hedge fund manager, pilot, cowboy, journalist, stockbroker, mountain climber, translator, guide, etc, etc. etc. Now add technical consultant to Hollywood to the list. According to the New York Times, Simon Baker, star of the TV show “The Mentalist”, is using the Diary of a Mad Hedge Fund Trader as a resource to humanize Wall Street traders … [Read more...]

June 26, 2013

Global Market Comments June 26, 2013 Fiat Lux Featured Trade: (JULY 8 LONDON STRATEGY LUNCHEON), (MEET MAD DAY TRADER JIM PARKER AT THE JULY 2 NEW YORK LUNCH), (WHERE THE ECONOMIST "BIG MAC" INDEX FINDS CURRENCY VALUE), (FXF), (FXE), (FXA), (CYB) (ANOTHER MIRACLE FROM TESLA), (TSLA), (SCTY) CurrencyShares Swiss Franc Trust (FXF) CurrencyShares Euro Trust … [Read more...]

July 8 London Strategy Luncheon

Big_Ben_8583a

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in London on Monday, July 8, 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 stocks, bonds, currencies commodities, precious metals, and real estate. And to keep … [Read more...]

Meet Mad Day Trader Jim Parker at the July 2 New York Lunch

Cheescake

Jim Parker, who runs our Mad Day Trader Service, will be making a last minute appearance at my New York strategy luncheon on July 2. There you can ask him any questions you want about his new short term trade mentoring program, which goes on sale on Monday. You can buy his service as a stand-alone product for $2,000 per year, or $1,000 as an upgrade to your existing Global … [Read more...]

Where the Economist “Big Mac” Index Finds Currency Value.

mcdonaldsJapan

My former employer, The Economist, once the ever tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its “Big Mac” index of international currency valuations. Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly accurate predictor of future economic success. The … [Read more...]

Another Miracle from Tesla

John Thomas

Tesla has announced a new battery swapping service that will enable drivers to get a full charge for their all-electric Model S-1 sedans in 90 seconds. The service will be available at strategically located charging stations around the country, and will cost $60, about the cost of an equivalent full tank of gas. The swap is fully automated. You just drive over a machine and … [Read more...]

July 2 New York Strategy Seminar

Empire State Building

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 date view on stocks, bonds, foreign currencies, commodities, … [Read more...]

An Urgent Update From The Mad Day Trader

MDT Logo

In these frenetic, violent, take no prisoners markets I managed to grab a few precious minutes with Mad Day Trader, Jim Parker.  Jim uses a dozen proprietary short-term technical and momentum indicators to give some much-needed guidance in these trying times. It’s all about the bond market, says Jim. Sell every rally until proven otherwise. After bottoming this morning at … [Read more...]

June 24, 2013

Global Market Comments June 24, 2013 Fiat Lux Featured Trade: (JUNE 26 GLOBAL STRATEGY WEBINAR), (JULY 12 AMSTERDAM STRATEGY LUNCHEON), (THE BEST FINANCIAL BOOK EVER), (A DAY WITH TOM FRIEDMAN OF THE NEW YORK TIMES) … [Read more...]

Don’t Miss the June 26 Global Strategy Webinar

Robin Williams

My next global strategy webinar will be held on Wednesday, June 26 at 11:00 AM EDT. 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 cheapest assets in the world to buy, the most expensive to sell short, and the … [Read more...]

July 12 Amsterdam Strategy Luncheon

Amsterdam

Come join John Thomas for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Amsterdam, The Netherlands, on Friday, July 12, 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 stocks, bonds, foreign currencies, commodities, … [Read more...]

The Best Financial Book Ever

The Ascent of Money

I have just finished reading the best financial book ever, and I have read most of them. It is The Ascent of Money: A Financial History of the World by Harvard professor Niall Ferguson. It gives you a great explanation of how the broad sweep of history delivered us to the doorstep of today’s crisis. Ferguson starts with an ancient accounting system written on clay tablets in … [Read more...]

A Day with Tom Friedman of the New York Times

John Thomas with Tom Freidman

I took a day off to attend the New York Times Global Forum at San Francisco’s Sony Metreon Center. Their goal was to put together 400 of the most forward thinking and influential minds in the Bay Area, stand back, and see what happened. It was organized by my old friend, fellow traveler, and veteran journalist, Tom Friedman. Tom and I date back to the old days in Beirut, … [Read more...]

June 21, 2013

Global Market Comments June 21, 2013 Fiat Lux Featured Trade: (UPDATED 2013 STRATEGY LUNCHEON SCHEDULE), (THE PROBLEM WITH GM), (GM) (WHY I LOVE/HATE THE OIL COMPANIES), (XOM), (USO), (THE WORST TRADE IN HISTORY), (AAPL) General Motors Company (GM) Exxon Mobil Corporation (XOM) United States Oil (USO) Apple Inc. (AAPL) … [Read more...]

Updated 2013 Strategy Luncheon Schedule

Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Updates, which I will be conducting throughout Europe during the summer of 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 stocks, bonds, currencies commodities, precious metals, and real estate. … [Read more...]

The Problem With GM

car

Like a heroin addict who just can’t wean himself off of the good stuff, General Motors is going back into subprime lending to finance new auto sales. Although the much-diminished company has made great strides at reforming its errant ways, they still do not understand their fundamental problem. My dad was a lifetime GM customer, religiously buying a new Oldsmobile every five … [Read more...]

Why I Love/Hate the Oil Companies

oil

The first thing I do when I get up every morning is to curse the oil companies as the blood sucking scourges of modern civilization. I then fall down on my knees and thank God that we have oil companies. This is why petroleum engineers are getting $100,000 straight out of college, while English and political science major are going straight on to food stamps. I recommend … [Read more...]

The Worst Trade in History

Apple Computer

Say you owned 10% of Apple (AAPL) and you sold it for $800 in 1976. What would that stake be worth today? Try $22 billion. That is the harsh reality that Ron Wayne, 76, faces every morning when he wakes up, one of the three original founders of the consumer electronics giant. Ron first met Steve Jobs when he was a spritely 21-year-old marketing guy at Atari, the inventor of … [Read more...]

June 20, 2013

Global Market Comments June 20, 2013 Fiat Lux Featured Trade: (JULY 25 PORTOFINO, ITALY STRATEGY LUNCHEON), (MORE OF THE SAME FROM UNCLE BEN), (SPY), (FXY), (YCS), (GLD), (TLT), (TBT), (THE NEW COLD WAR) SPDR S&P 500 (SPY) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS) SPDR Gold Shares (GLD) iShares Barclays 20+ Year Treas Bond … [Read more...]

Note To Subscribers

You may have noticed that our website has been down for the past day. We are undertaking a major upgrade to our infrastructure, and I thought completing this while you are all on vacation would be timely. This means that our store is down as well, so you may need to wait until the weekend to renew your subscription, or buy tickets to my upcoming strategy luncheons. Just to … [Read more...]

July 25 Portofino, Italy Strategy Luncheon

Portofino, Italy

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 to date view on stocks, bonds, foreign currencies, … [Read more...]

More of the Same from Uncle Ben

Ben Bernanke

Ben Bernanke delivered exactly what I expected today, continuing his massively simulative monetary policy as is. The taper went missing in action, and search parties have been already sent out by the bears. In the past this move would have triggered a massive move up in risk assets, and a collapse of the bond market, but not this time. Bernanke's news is not exactly new, and … [Read more...]

The New Cold War

Ian Bremmer

My friend, Ian Bremmer of the Eurasia Group, a global risk analyst who I regularly follow, has published an outstanding book entitled The End of the Free Markets: Who Wins the War Between States and Corporations. I find this highly depressing, as it takes me as long to read one of Ian's books as it takes him to write another one. To read a review of his highly insightful … [Read more...]

June 19, 2013

Global Market Comments June 19, 2013 Fiat Lux Featured Trade: (JULY 8 LONDON STRATEGY LUNCHEON), (TRADE ALERT SERVICE RANKS SIXTH AMONG HEDGE FUNDS) (THE HISTORY OF TECHNOLOGY), (THE FUTURE OF CONSUMER SPENDING), (EEM), (PIN), (IDX), (EWC) iShares MSCI Emerging Markets Index (EEM) PowerShares India (PIN) Market Vectors Indonesia Index ETF (IDX) iShares MSCI … [Read more...]

July 8 London Strategy Luncheon

Big_Ben_8583a

Come join me for lunch for the Mad Hedge Fund Trader's Global Strategy Update, which I will be conducting in London on Monday, July 8, 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 stocks, bonds, currencies commodities, precious metals, and real estate. And to keep … [Read more...]

Trade Alert Service Ranks Sixth Among Hedge Funds

Hedge Fund Rankings

The Trade Alert service of the Mad Hedge Fund Trader ranked as the sixth top-performing hedge fund in the world, according to statistics compiled by Barron's. The Dow Jones subsidiary tallied results of the top 100 funds from a potential global universe of over 10,000. It then ranked results according to their three-year compound annual returns. The Red Bank, New Jersey … [Read more...]

The History of Technology

The Victorian Internet

I have just finished leisurely reading Tom Standage's book The Victorian Internet: The Remarkable Story of the Telegraph and the Nineteenth Century On-Line Pioneers. Standage discusses the creation and development of the telegraph system and how it revolutionized communication in the nineteenth century. The book claims that Modern Internet users are in many ways the heirs … [Read more...]

The Future of Consumer Spending?

World Middle Class

As part of my never ending campaign to get you to move more money into emerging markets, please take a look at the chart below from Goldman Sachs. It shows that the global middle class will rise from 1.8 billion today to 4 billion by 2040, with the overwhelming portion of the increase occurring in emerging markets. The chart defines middle class as those earning between … [Read more...]

June 18, 2013

Global Market Comments June 18, 2013 Fiat Lux Featured Trade: (JULY 2 NEW YORK STRATEGY LUNCHEON), (THE HIGH OIL MYSTERY), (USO), (UNG), (SCAM OF THE WEEK), (DECODING WHAT’S IN YOUR POCKET) United States Oil (USO) United States Natural Gas (UNG) … [Read more...]

Tuesday, July 2 New York Strategy Seminar

Empire State Building

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 date view on stocks, bonds, foreign currencies, commodities, … [Read more...]

The High Oil Mystery

World in Oil

American oil imports from the Middle East are in free fall, down 35% in two years. They are quickly being replaced by tar sands imports from Canada, which are ballooning to 2 million barrels a day and at all time highs. American energy production is surging, thanks to new finds of natural gas showing up in everyone’s back yard, taking the country rapidly on its way to energy … [Read more...]

Decoding What’s in Your Pocket

Ben Franklin

If you want to impress your friends with your vast knowledge of financial matters, then here are the Latin translations of the script on the backside of a US dollar bill. “ANNUIT COEPTIS” means “God has favored our undertaking.” “NOVUS ORDO SECLORUM” translates into “A new order has begun.” The Roman numerals at the base of the pyramid are “1776.” The better known “E … [Read more...]

Scam of the Week

Bernie Madoff

Having trouble raising capital for your new hedge fund? Just list Warren Buffet as your “Honorary Chairman.” That’s what California prison guard, Ottoniel Medrano, did. To help his marketing efforts, he also claimed that he had $4.8 billion in assets under management as well as massive real estate holdings in Asia. With this scam, Medrano’s International Realty Holdings … [Read more...]

June 17, 2013

Global Market Comments June 17, 2013 Fiat Lux Featured Trade: (JULY 12 AMSTERDAM STRATEGY LUNCHEON) (AN ENVIRONMENTAL ACTIVISTS TAKE ON THE MARKETS), (DBA), (MOO), (PHO), (FIW). (BUSINESS IS BOOMING AT THE MONEY PRINTERS), (ON EXECUTING TRADE ALERTS) PowerShares DB Agriculture (DBA) Market Vectors Agribusiness ETF (MOO) PowerShares Water Resources (PHO) First Trust … [Read more...]

July 12 Amsterdam Strategy Luncheon

Amsterdam

Come join John Thomas for lunch at the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Amsterdam, The Netherlands, on Friday, July 12, 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 stocks, bonds, foreign currencies, commodities, … [Read more...]

An Environmental Activist’s Take on the Markets

Water Fall

I spent an evening with Lester Brown, president of the Earth Policy Institute and a winner of the coveted MacArthur Prize, for some long-term thinking about the environment and its investment implications. Global warming is causing the melting of ice sheets in Greenland and Antarctica, glaciers in the Himalayas, and the Sierra snowpack. Water tables are falling and fossil … [Read more...]

Business is Booming at the Money Printers

All of the high-grade paper used by the US Treasury to print money is bought by one firm, Crane & Co., which has been in the same family for seven generations. Last year, the Feds printed 38 million banknotes worth $639 million. Although they have seen the recession cause the velocity of money to decline, recent reflationary efforts have spurred a big increase in demand … [Read more...]

On Executing Trade Alerts

From time to time I receive an email from a subscriber telling me that they are unable to get executions on trade alerts that are as good as the ones I get. There are several possible reasons for this: 1) Markets move, sometimes quite dramatically so. 2) Your Trade Alert email was hung up on your local provider’s server, getting it to you late. This is a function of your … [Read more...]

June 14, 2013

Global Market Comments June 14, 2013 Fiat Lux Featured Trade: (UPDATED 2013 SUMMER STRATEGY LUNCHEON SCHEDULE), (THE YEN CARRY TRADE BLOW UP), (FXY), (YCS), (DXJ), (SNE), (HMC), (TM), (THE SERVICE JOB IN YOUR FUTURE), (MCD) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS) WisdomTree Japan Hedged Equity (DXJ) Sony Corporation (SNE) Honda Motor … [Read more...]