October 20, 2020 - Quote of the Day
“Nobody knew it was August 1982 until it was August 1984,” said Christopher Verrone, head of technical analysis at research boutique Strategas.
Entries by MHFTR
If Bonds Can’t Go Down, Stocks Can’t Either
The U.S. Treasury bond market has suddenly ground to a halt, puzzling traders, investors, and hedge fund managers alike. Today, the yield on the 10-year Treasury bond (TLT), (TBT) traded as low as 0.77%. This is despite the U.S. economy delivering a horrific negative GDP growth during Q2. Growth is expected to rebound to 2-5%
Testimonial
Don't worry, John. Your posts are probably the least boring of any mentor(s) out there. Please keep up the good work. By the way, I may have flown in that Tiger Moth back in the early 70s. My dad learned to fly on Tiger Moths right after the war in south England and we used
October 8, 2020 - Quote of the Day
“October is one of the most peculiarly dangerous months to trade in stocks. The other are July, January, April, November, May, March, June, December, August, and February,” said American writer and humorist Mark Twain.
How the Risk Parity Traders are Ruining Everything!
I received a call from a hedge fund manager on Friday warning me of what was about to hit the market. So much money had poured into "risk parity” strategies that it was starting a long-term secular trend up in market volatility (VIX). It was a classic case of too many people bunching up at one
Testimonial
I am constantly puzzling over what to say in a testimonial for the Mad Hedge Fund Trader. There are so many elements to the service. Traders and fund managers can vary so much in their style and experience. This is my 5th year of MHFT/MDT subscription. After a few ups and downs, making most of
October 2, 2020 - Quote of the Day
“The Fed only knows two speeds; too fast, and too slow,” said Nobel Prize winning economist Milton Friedman to me over lunch one day.
September 18, 2020 - Quote of the Day
“It is fine to have the longest view in the room, as long as the thing at the end of the vista is a gigantic hill of money,” said John Lanchester of the New Yorker magazine.
September 16, 2020 - Quote of the Day
"If you advertise an interest in buying collies, a lot of people will call hoping to sell you their cocker spaniels," said Oracle of Omaha, Warren Buffett.
Why You Missed the Technology Boom and What to Do About It Now
I often review the portfolios of new subscribers looking for fundamental flaws in their investment approach and it is not unusual for me to find some real disasters. The Armageddon scenario was quite popular a decade ago. You know, the philosophy that said that the Dow ($INDU) was plunging to 3,000, the US government would