There is a method to my madness. It?s all about Apple (AAPL). A disproportionate share of the market volume has been pouring into Apple shares for the past two weeks. The higher it went, the more people wanted to buy. Just in the past week, the company has tacked on a staggering $75 billion in
I arrived early for a meeting in Salt Lake City the other day. I noticed a cluster of tents near the ice skating rink and thought I would catch an update on the Occupy Wall Street movement. Two guys emerged from a jerry built, homemade structure and braved the frigid 20 degree temperatures to find
?When you talk to private clients, they are nowhere near putting money into equities yet. You can?t even get them to understand dividend growth, let alone buying equities, because they are still worried about losing money. People are going to be very emotional. This is going to be a year of volatility until proven otherwise,?
Come join me in the grand appointments of the Cunard Line?s flagship, the elegant and spacious Queen Mary 2, on an eastbound transatlantic cruise. The Ship departs New York at 5:00 PM on July 6, 2012 and arrives at Southampton on July 13. There I will be conducting the Mad Hedge Fund Trader?s Strategy Update,
When I covered my short position on the Japanese yen on Friday, it was not because I suddenly fell in love with the Land of the Rising Sun, began each day with a Zen meditation, started eating sushi three times a day, or initiated writing this letter from a hot tub. It is because followers
When communications between intelligence agencies suddenly spike, as has recently been the case, I sit up and take note. Hey, do you think I talk to all of those generals because I like their snappy uniforms, do you? The word is that the despotic, authoritarian regime in Syria is on the verge of collapse, and
?Banks have turned into gigantic gambling institutions. You never know what you own. I wouldn't touch them if you pointed a gun to my head,? said legendary hedge fund manager Bill Fleckenstein on Hedge Fund Radio. Click on my "Podcast" page above to hear the interview.
A number of analysts, and even some of those in the real estate industry, are finally coming around to the depressing conclusion that there will never be a recovery in residential real estate. Long time readers of this letter know too well that I have been hugely negative on the sector since late 2005, when
According to my old friend, Rick Sopher, chairman of LCH Investments in London, the top ten hedge funds have earned $153 billion for their investors since inception. Rick, who runs his business from an elegant flat on posh Eaton Square, compiled the list after a comprehensive survey of the still operating 7,000 hedge funds worldwide.
I spent the evening speaking to Gao Jie, a Beijing civil judge who left the bench to join China's growing environmental movement when her kids came home from school one day coughing and wheezing. You only have to inhale in the capitol city these days to understand that they have a huge problem there. One