Featured Trades: (MORE ON EGYPT) 3) More Insights on Egypt. I had dinner with Neil MacFarquhar, UN Bureau Chief and former Cairo Bureau Chief for the New York Times, to get the latest view of what is happening on the Arab 'street.' MacFarquhar grew up in Libya around the time I tried to visit the
(SPECIAL MIDDLE EAST ISSUE) Featured Trades: (THOUGHTS ON EGYPT) 1) Thoughts on Egypt. When I first visited Egypt in 1977, they tried to kill me. I was accompanying US Secretary of State Henry Kissinger on an Air Force jet as part of his shuttle diplomacy between Tel Aviv and Cairo. Every Arab terrorist organization
Featured Trades: (THE VIX SPIKE), (VXX), (Q4 GDP) 1) Learning About VIX the Hard Way. We certainly received a highly instructive lesson on how the volatility index (VIX) works on Friday. All it took was a ten point drop in the S&P 500 to trigger a stampede to buy insurance against further declines, taking
Featured Trades: (GOLD), (GLD), (DGZ), (GLL) 2) So Close, Yet So Far on Gold. Close, but no cigar on getting out of my gold puts on Friday. We opened low enough on Friday morning to get within striking distance of my downside target for the barbarous relic at $1,280. But once the rout in equities
Featured Trades: (TBT) 3) Taking Some Cover on the (TBT). The global equity markets are 'cruisin for a bruisin.' They are so overextended on the charts it is frightening, and the time to pay the piper is coming. I'm not looking for a collapse, just a missionary style 5%, 60 point correction, to at least
Featured Trades: (JAPAN'S BILL IS NOW DUE), (YCS), (FXY) 2) Japan's Bill Is Now Due. Do the hard work and the accidents happen in your favor. This is what I have been hammering away with at my junior traders and analysts for decades. You won't find a more clear illustration of this time worn maxim
Featured Trades: (THE GOLD MELTDOWN), (GLD), (GLL), (DGZ) 3) The Gold Sell Off Accelerates. Two weeks ago, I urged readers to take advantage of the coming collapse in gold. This development is now well in progress, and is accelerating faster than I anticipated. Perhaps I gave it a push? Things are happening so fast in
4) Testimonial. 'For the past three years, I have followed the advice of another 'trading' subscription. During the two months that I have participated in your 'Mad Hedge Fund Trader' recommended trades, I have banked and surpassed my gains of those three years. Plus your recommended trades that I am currently holding have a similar
'It is almost dishonest to build up an accumulated debt for the Congress of the United States to meet in 1980. We can't do that. We can't sell the United States short in 1980, any more than in 1935,' said Franklin Delano Roosevelt about his efforts to fund social security entirely from its own revenues.
Featured Trades: (ANOTHER NAIL IN THE COFFIN FOR GLOBAL MARKETS), (SPX), (SPY), (TNX) 1) Another Nail in the Market's Coffin. I think it was very interesting not to see what happened today, but what didn't. The Federal Reserve announced that it would continue its purchase of $600 billion in debt securities and keep interest rates
