February 8, 2012 - Quote of the Day
?You can reduce discretionary spending down to zero and it won?t have much impact on our fiscal problems because it?s such a small proportion of the total,? said Ben Bernanke, chairman of the Federal Reserve.
Entries by DougD
Only Hours Left to Beat My Price Increase
Due to the overwhelming surge in new subscriptions last night, my website crashed, preventing many subscribers from renewing at the old $1,997 annual rate BEFORE THE February 7 deadline. I am therefore extending my special offer for just 24 more hours. After that, at midnight EST, Wednesday February 8, prices for both of my products
SOLD OUT: Houston Strategy Luncheon - February 9, 2012
Come join me for lunch for the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Houston, Texas on Thursday, February 9, 2012. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I?ll be giving you my up to date view on
Earnings are Slowing as the Market is Peaking
Just as portfolio managers are buying shares because the stock market is going up, the fundamental argument behind higher equity prices is starting to erode. As the totals are coming into focus for the Q4 earnings period, disappointment is becoming the order of the day. Of the 291 S&P 500 companies that have reported so
February 7, 2012 - Quote of the Day
'Changes in consumption stemming from per capita income rises from $1,000 a year to $5,000, as you are seeing in India, or $5,000 to $10,000, as you are seeing in China, is a very different kind of consumption. It is much more commodities heavy, it is food heavy, it draws a lot more on water
Rumblings in Tokyo
I spent ten years of my life tramping in and out of Japan?s Ministry of Finance headquarters in Tokyo?s Kasumigaseki district. It was a dreadful reinforced steel and concrete affair with a dull grey tile siding that was so solidly built that it was one of the few structures in the city to survive WWII.
The Nonfarm Payroll Shocker
Economists were left speechless with Friday?s report of the January nonfarm payroll, which came in at an amazing 243,000, more than double the consensus expectations. It was the sharpest improvement in the data since April. Analysts have become inured to bad data that a mediocre report sounds like The Second Coming. The headline unemployment rate
February 6, 2012 - Quote of the Day
?Under current law there will be a massive fiscal contraction in 2013,? said Ben Bernanke, chairman of the Federal Reserve.
Time to Short the Yen Again
The Japanese yen has been flat lining since the tsunami struck in March of last year and was quickly followed by the nuclear meltdown and an economic collapse. In the meantime, the country?s long term structural problems have gotten steadily worse. Last week, the yen was driven back to the very top of the range
Global Trading Dispatch Scores Two Day 75% Gain
Finally, all that driving down dusty, bumpy, washboard dirt roads in the Barnet Shale in Texas paid off. The thing about a great trade is that when it works, new reasons to justify it that you never thought of suddenly come out of the woodwork. That is exactly what happened with my decision to sell