June 8, 2012 - Quote of the Day
?Public sentiment is everything,? said Abraham Lincoln.
Entries by DougD
Sold Out! Come Join Me For The Beverly Hills June 11, 2012 Strategy Seminar!
Come join me for the Mad Hedge Fund Trader?s Global Strategy Seminar, which I will be conducting in Beverly Hills at 2:00 PM on Monday, June 11, 2012. A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. Coffee and snacks will be made available, but no food.
Ben Bernanke Will Say Nothing on Thursday
All eyes will be focused on Federal Reserve Chairman, Ben Bernanke, on Thursday looking for any hints that further quantitative easing is on the way. Don?t get your hopes up. I don?t expect the esteemed former Princeton professor to conveniently tip his hand. At the most he might make a reference to ?keeping all options
The Mystery of the Government Windfall
I heard a fascinating story from my friends at the US Treasury the other day. Even though unemployment is high, personal tax refunds were plummeting and tax revenues were soaring. What was even more puzzling was that the states with the worst unemployment rates, like California, Nevada, and Florida were seeing the heftiest increases. Weren?t
June 7, 2012 - Quote of the Day
?China has more dry gunpowder than just about anyone in the world. But it now looks like the soft landing is turning into a hard landing,? said John Brynjolfson, managing director of hedge fund Armored Wolf.
Reach for Yield With Master Limited Partnerships
The dramatic collapse in the price of oil is creating a rare opportunity to get into some of the highest yielding paper in the financial markets, master limited partnerships (MLP)?s. These are LP?s that are publicly traded on a securities exchanges. These unique and versatile instruments combine the tax benefits of a limited partnership with
June 6, 2012 - Quote of the Day
?Here come the helicopters once again,? said Austan Goolsbee, former chairman of the council of economic advisors.
Trade Alert Service Racks up Record 20.5% Month in May
The Mad hedge Fund Trader?s Trade Alert Service posted a 20.5% gain in May, the best monthly performance since its 2010 inception. The 28 trade alerts I sent out during the month also set a new record. That takes the average annualized return up to 22.8%. During the same period, the S&P 500 gained a
Tea With Nancy Pelosi
Walking through the Capital dome on my way to the House the Representatives, I couldn?t help but sense the presence of ghosts of friends from decades past. There was Tip O?Neill with his ever-present scowl. Ted Kennedy was hurrying off to another meeting, barking orders in his peculiar Boston accent. Mike Mansfield was maintaining his
June 5, 2012 - Quote of the Day
?From day one the euro has not really worked. The problem is that it is creating a huge degree of lack of competitiveness because their culture is different,? said former Federal Reserve chairman, Alan Greenspan.