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
?First, thanks so much for your Global Trading Dispatch Trade Alert service, which is not only a wealth building tool, but offers a comprehensive trading education. ?I sometimes trade your recommendations, and sometimes use your guidance to make more aggressive options and futures plays. ?I especially liked your call on gold (GLD).? It?s working very
Take those predictions, forecasts, and prognostications with so many grains of salt. ?They have a notorious track record for being completely wrong, even when made by the leading experts in their fields. In preparing for my autumn lecture series, I came across these following nuggets and thought I?d share them with you ? There are
?Facebook was being priced as if it were a beautiful woman without a blemish. ?If any kind of blemish appeared, they will kill the stock. ?I?d rather own Google or Apple,? said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors.
?This has been the worst year for active managers in history. We have never seen numbers of people missing benchmarks so large. As the markets have moved up, the tracking error has grown. People are missing about a third of the upside in the markets,? said Thomas Lee, a chief equity strategist at JP Morgan.
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
Global Trading Dispatch?s Trade Alert Service posted a new all-time high yesterday, clocking a 63.2% return since inception. The 2012 YTD return is now at 23.05%. That takes the average annualized return up to 33.3%, ranking it among the top performing hedge funds in the world. Those happy subscribers who bought my service on May
Look at the charts for the barbarous relic below and you can only come to one possible conclusion. If the Federal Reserve disappoints on Thursday, just a little bit, even by a smidgeon, and does not deliver QE3 and gold sells off big, you should jump in and by the stuff like crazy. All of
?Inflation steals from savers, and inflation is the logical consequence of printing too much money,? said Oracle of Omaha, Warren Buffett.
NOTE TO READERS: There is a short letter today because I spent the entire weekend writing Trade Alerts, which you will receive right at the Monday morning opening. Last Friday, China announced a $150 billion reflationary public works budget designed to arrest the current free fall in the country?s GDP growth rate. The move came