I thought that would get your attention with this “Man bites dog” headline. The reality is that the besieged maker of antiquated Blackberries (RIMM) has seen its stock soar by 85% since its September low, while Apple (AAPL) performed a 28% swan dive. Don’t expect the greatest pairs trade of the year to work much [...]

With U.S. energy independence fast emerging as a topic in the presidential election, I thought I’d delve into this topic in greater depth and see how real this possibility is. This will undoubtedly be the most important change to the global economy for the next 20 years. The energy research house, Raymond James, put out [...]

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 search through the truth behind this old trading adage. It turns out [...]

I can just imagine how Ben Bernanke’s announcement of QE3 went down at Mitt Romney’s campaign headquarters in Massachusetts last week. Doors slammed, heads pounded against walls, and hair was torn out. You can almost hear the whoosh of resume’s flying down to conservative think tanks on Washington DC’s “K” street as campaign workers scramble [...]

Those transfixed by gold blasting through the $1,750 level have been missing the real action in silver. The white metal has soared 34% to $34 since the beginning of the year, compared to only a 14% move for the barbaric relic, an outperformance of 2.4 to one. I have been a raging bull on the [...]

The big surprise today was not that the Federal Reserve launched QE3, but the extent of it.  For a start, they moved the “low interest rate” target out to mid-2015.  They left the commitment to bond-buying open-ended.  The first-year commitment came in at $480 billion, in-line with previous efforts. Reading the statement from the Open [...]

Long-term readers of this letter are well aware of my pleadings with them a couple of years ago to buy Apple (AAPL) stock at $250 with a target of $1,000. Certainly, the 200 readers who work for Apple noticed.  That was back when the main concern about the company was that Steve Jobs would die [...]

My Fed Call. Survey traders and investors today, and you will find that 99% believe further quantitative easing via QE3 will be announced on Thursday. Poll vote Fed governors and you get a more realistic 50% probability. I think it is much less than that – and therein lies the trade. I think that markets [...]