November 8, 2011 - Quote of the day
?There are more beauty parlors than there are beauties,? said the late CBS commentator, Andy Rooney. The same can be said about stock brokers. He also said ?I just wish insignificance had more stature.?
Entries by DougD
November 7, 2011: Quote of the Day
?I?m not a dove or a hawk on monetary policy, I?m an owl,? said Richard Fisher, president of the Federal Reserve Bank of Dallas.
Testimonial
A full double on my FXE puts means?a dancing girl for you. You deserve it! Raising a glass to the Greek Prime Minister as I type this. Thanks John. You rock!! CK
Goodbye Steve Jobs, Hello Dividend?
Analysts continue to be stunned by the rate at which cash is rolling into Apple (AAPL). At current cash flows, the company?s hoard is expected to grow from $81 billion to $120 billion by next June, an increase of nearly $200 million a day! So far, the company has resisted every entreaty to part with
October Nonfarm Payroll Surprise Points to Market Upside
The October nonfarm payroll came in at a pedestrian 80,000, compared to 158,000 in September, a rate that is somewhat less than what matches population growth. But it is the numbers behind the numbers that will deliver the big market impact. The headline unemployment rate came in at a nosebleed 9.0%. August and September were
Report From Australia
SPECIAL AUSTRALIAN ASSET CLASS REVIEW I am writing this report on the ferry boat from Sydney to Manley, where I will attend a gathering of Australia based hedge fund managers to absorb their collective wisdom. I have deliberately taken the slow boat,? so I have the time to give this report the depth
November 3, 2011 - Quote of the Day
?Economics is extremely useful as a form of employment for economists?, said noted Harvard economics professor, John Kenneth Galbraith.
Testimonial
Hello John. I`d like to subscribe to your Macro Millionaire program. I`m sure glad I found you as your suggestions have been gloriously FANTASTIC! Short the long bond-WOW. Appreciatively, John Memphis, Tennessee
Why I Covered My Euro Short
I am taking my profit in the Euro (FXE) December $140 puts this morning, nailing the high of the day at $5.70, and clocking a stunning three day profit of 107%. This adds 5.63% to the year-to-date return for Macro Millionaire, taking us up to 46%. Non option players who bought the short Euro ETF
Watch Out for the Chihuahua Glut
Yesterday, I wrote about the Nevadan wrinkle in the housing crisis where distressed homeowners are letting their horses go wild to make their mortgage payment. Now neighboring California is facing a Chihuahua glut, where evicted homeowners are handing over their pets to animal shelters. The diminutive Mexican canine enjoyed a boom in popularity in recent