After pulling some strings at the Pentagon, I managed to gain access for readers of The Diary of a Mad Hedge Fund Trader to a briefing from General Douglas Fraser. He is a four star Air Force General who is the commander of US Southern Command (SOUTHCOM), one of nine unified Combatant Commands in the
Before I left Chicago, I managed to catch up with my old friend, David Hale, for a cup of tea at the city?s prestigious University Club. I have been using David as my de facto global macro economist for decades, and I never miss an opportunity to get his updated views. The challenge is in
Those who lived through the cataclysmic ?flash crash? that occurred precisely at 2:45 pm EST on May 6, 2010, have been dreading a replay ever since. Their worst nightmares may soon be realized. That is when the Dow Index (INDU) dropped a gob smacking 650 points in minutes, wiping out nearly $1 trillion in market
?I looked all over the basement when I was at the White House, and there is no big lever you can throw to make things good again,? said Austin Goolsby, former chairman of the Council of Economic Advisors.
Traders and investors have grown comfortable with a steady stream of corporate earnings reports. 2011 as a whole may come in as high as $15 a share for the S&P 500. But the gravy train may end starting next week. The number of companies reducing guidance and downshifting expectations is at a three year high.
(Note to Newsletter only subscribers: This trade alert went out to paying customers of my Trade Alert Service last Thursday morning.) I am going to start the New Year with a 25% allocation to the double leveraged short ETF (EUO). It?s time to do the hard trade, sell on weakness, and sell the breakdown. The
?China is not going to have a hard or soft landing. It is going to keep on flying. There is a tremendous amount of momentum in the Chinese economy. There?s a lot to be done in terms of infrastructure. At the low end there is a lot to be done in housing. And it now
Anne Barnhardt was the CEO of a money manager who was forced to shut down her firm in the wake of the MF Global collapse. She is calling for a boycott of the financial markets and JP Morgan (JPM) specifically. To listen to her blistering attack in full in an interview with by Buddy, Peter
I?ll never forgot when my friend, Don Kagin, one of the world?s top dealers in rare coins, walked into the gym one day and announced that he made $1 million that morning.? I enquired ?How is that, pray tell?? He told me that he was an investor and technical consultant to a venture hoping to
?All of Germany is a Tea Party, and that is going to be a problem for the Euro, said Yra Harris of Praxis Trading.