I couldn?t for the life of me figure out why New York?s former governor and federal prosecutor, Elliot Spitzer, wanted to invite me to dinner. He wasn?t flogging a book or promoting a movie, and he certainly wasn?t running for office again. But I went anyway, thinking perhaps the notorious ?Client No.9? might let me
?People that have complete disdain for government intervention in the economy and markets of the West have complete faith in nine guys in a room being able to figure out the very complex and rapidly growing Chinese economy,? said hedge fund manager Jim Chanos of Kynikos Associates, about foreign investors? unlimited faith in the Middle
Note to self. Don't do your midnight pee next to the bear box. They're called that for a reason. And I'm sorry that my shouting at the hungry, six foot tall black bear standing in front of me, no doubt attracted by my Cheetos, hot dogs, and marshmallows, woke up the campers at the 57
I am getting a lot of emails about how to come out of the $450-$480 Apple bull call spread, which I advised readers to go into on March 2. Now that we are deep in the money, what is the best way to take a profit? Well, the first thing for me is to say
My problem with the stock market is that I fail to see who the incremental buyer will be to take the S&P 500 to 1,500. It?s not going to be the retail investor who has been hit with a 34% drop in home prices, two market crashes in the last decade, and a flash crash
The prospect of a runaway printing press at the Federal Reserve has been the overwhelming factor driving risk assets in 2012.? Being the sober, cautious guy that you all know me to be, I did not join the party. I tell people this is because if I lose all my money I am too old
You can never underestimate the importance of demographics in shaping long term investment trends, so I thought I?d pass on these two highly instructive maps. The first shows a map of the world drawn in terms of the population of children, while the second illustrates the globe in terms of its 100 year olds. Notice
?The Bernanke put is still there, but it is far more out of the money that it was a few days ago,? said Doug Kass of hedge fund Seabreeze Partners.
As we continue flirting with a final top in equities for the year, I am stepping up my search for the best ways to participate on the downside. At the very top of the list are the homebuilders, one of the top performing sectors since the October, 2011 bottom. The performance of individual names has
I just wanted to thank you for some great trades. Thanks to you, I was profitable on the (IWM) put trade and it certainly looks like the Apple credit spread will return a nice profit (the profit you defined). Your wisdom in the market has been a godsend to my portfolio and my family. You