May 3, 2011 - Quote of the Day
'We are starting to see signs that the smart money, the 1% who make most of the money, are starting to get out of the market,' said Harry S. Dent of the HS Dent network.
Entries by Mad Hedge Fund Trader
May 2, 2011 - The Economic Headwinds Are Coming
Featured Trades: (ECONOMIC HEADWINDS ARE COMING) 2) The Economic Headwinds Are Coming. I have followed David Hale's prognostications about the global economy for two decades, and have always found his views insightful, if not useful. Although based in Chicago (click here for his site), he is almost permanently on the road, consulting with foreign
May 2, 2011 - The Stock Market Suddenly Just Got a Lot More Expensive
Featured Trades: (STOCKS JUST GOT A LOT MORE EXPENSIVE) 3) The Stock Market Suddenly Just Got a Lot More Expensive. The news on Thursday that Q1 GDP growth came in at a piddling 1.8% annualized was a huge disappointment. The number was under the low end of most predictions, and a far cry from
April 27, 2011 - Barrick Gold's Big Copper Buy Speaks to the Future
Featured Trades: (BARRICK GOLD'S BIG COPPER BUY) 1) Barrick Gold's Big Copper Buy Speaks to the Future. 'Watch where the big companies make their direct investments and that is where the markets will follow.' That golden rule is what the head of investments at JP Morgan, Carl Van Horn, taught me some three decades ago.
April 27, 2011 - Residential Housing Goes From Bad to Worse
Featured Trades: (FROM BAD TO WORSE FOR RESIDENTIAL HOUSING) 2) Residential Housing Goes From Bad to Worse. That home you are sitting in while reading this letter just got cheaper. The February Case-Shiller home price index came out yesterday, showing us that the double dip in residential real estate is well under way. Overall,
April 26, 2011 - My Victory Lap on Silver
Featured Trades: (SILVER), (SLV) 1) My Victory Lap on Silver. 'If you don't rush out and buy silver right now at $13.70 an ounce, I'm going to pick you up and shake you by the lapels of your coat until your false teeth pop out and fall clattering to the ground.' This is exactly
April 26, 2011 - An Update on My Nissan Leaf
Featured Trades: (NISSAN LEAF), (NSANY) 3) An Update on My Nissan Leaf. I called my local Nissan dealer yesterday with some trepidation, fully expecting to be told that my new all electric Nissan Leaf sedan was buried under tons of mud after Japan's disastrous tsunami, and that I would now have to wait until
April 26, 2011 - Quote of the Day
'The rate of profit is always highest in the countries that are going fastest to ruin,' said Adam Smith, in The Wealth of Nations, on the dangers of 'overtrading.'
April 25, 2011 - Meet the 'Risk Off' Portfolio
SPECIAL 'RISK OFF' ISSUE THE 'ANTI QE2' PORTFOLIO Featured Trades: (BAC), (XLF), (SDS), (TLT), (JNK), (CU), (FCX), (ABX), (AMR), (FXE), (UUP) 1) Meet the 'Risk Off' Portfolio. I believe that several asset classes are in the process of making important medium term tops, and that it is time to start building short lists of
April 25, 2011 - Quote of the Day
'The greatness of America lies not in being more enlightened than any other nation, but rather in her ability to repair her faults,' said French observer Alexis de Tocqueville in his 1835 book Democracy in America.