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
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
?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.
Say goodbye to 2012. That was the harsh conclusion of the marketplace after the release of the devastating May nonfarm report that forced the Dow to give up its entire year to date performance. The cat was really set among the pigeons this morning when the Department of Labor informed us that only 69,000 jobs
?I will believe that corporations are people only when the states of Texas and Alabama start executing them,? said former Secretary of Labor, Robert Reich.
The March Case Shiller Home Price Index is out, showing that the fall in home prices continues unabated, paring -2.6% on a YOY basis. Detroit delivered the biggest drop, down a shocking -4.4%, followed by Chicago (-2.5%), and Atlanta (-0.9%). But 14 out of 20 markets managed increases in prices. The national index is still
I never resist a dinner invitation from Bill Clinton?s Secretary of Labor, Robert Reich. A Rhodes Scholar who dated Hillary Clinton at Yale, he unsuccessfully ran for governor of Massachusetts against Mitt Romney, and authored 13 books. Bob is never without an original thought, nor a stranger to controversy. Today he didn?t disappoint. On top
?If there is no monetary stimulus and no fiscal stimulus, obviously we are going to continue to grow slowly. We could be in secularly slow growth for decades,? said Harvard economics professor, Ken Rogoff. ? ?
The abject failure of the equity indexes to breach even the first line of upside resistance does not bode well for the ?RISK ON? trade at all. Only a week ago I predicted that the markets would be challenged to top 1,340 in the (SPX) and $78 for the Russell 2000 (IWM). In fact, we
?What?s going on with Facebook? We had better IPO standards when Don Draper was on the scene,? said Sallie Krawcheck, former head of wealth management at Merrill Lynch.