Global Market Comments
March 28, 2013
Fiat Lux
Featured Trade:
(APRIL 3 GLOBAL STRATEGY WEBINAR),
(APRIL 19 CHICAGO STRATEGY LUNCHEON),
(REAL ESTATE BIDDING WARS GO NATIONAL),
(LEN), (KBH), (PHM)
Lennar Corp. (LEN)
KB Home (KBH)
PulteGroup, Inc. (PHM)
Come join me for lunch for the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Chicago on Friday, April 19. A three-course lunch will be followed by a PowerPoint presentation and an extended question and answer period.
I?ll be giving you my up to date view on stocks, bonds, foreign currencies, commodities, precious metals, and real estate. And to keep you in suspense, I?ll be throwing a few surprises out there too. Enough charts, tables, graphs, and statistics will be thrown at you to keep your ears ringing for a week. Tickets are available for $199.
I?ll be arriving an hour early and leaving late in case anyone wants to have a one on one discussion, or just sit around and chew the fat about the financial markets.
The lunch will be held at a downtown Chicago venue on Monroe Street that will be emailed with your purchase confirmation.
I look forward to meeting you, and thank you for supporting my research. To purchase tickets for the luncheons, please go to my online store.
Global Market Comments
March 27, 2013
Fiat Lux
Featured Trade:
(APRIL 12 SAN FRANCISCO STRATEGY LUNCHEON),
(WHY WARREN BUFFETT HATES GOLD),
?(GLD), (GDX), (ABX),
(US HEADED TOWARDS ENERGY INDEPENDENCE),
(USO), (UNG), (XOM), (OXY), (KOL),
(A TOUCHDOWN FOR USC)
SPDR Gold Shares (GLD)
Market Vectors Gold Miners ETF (GDX)
Barrick Gold Corporation (ABX)
United States Oil (USO)
United States Natural Gas (UNG)
Exxon Mobil Corporation (XOM)
Occidental Petroleum Corporation (OXY)
Market Vectors Coal ETF (KOL)
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in San Francisco on Friday, April 12, 2013. An excellent meal will be followed by a wide-ranging discussion and an extended question and answer period.
I?ll be giving you my up to date view on stocks, bonds, currencies, commodities, precious metals, and real estate. And to keep you in suspense, I?ll be throwing a few surprises out there too. Tickets are available for $189.
I?ll be arriving at 11:00 and leaving late in case anyone wants to have a one on one discussion, or just sit around and chew the fat about the financial markets.
The lunch will be held at a private club in downtown San Francisco near Union Square that will be emailed with your purchase confirmation.
I look forward to meeting you, and thank you for supporting my research. To purchase tickets for the luncheons, please go to my online store.
The 'Oracle of Omaha' expounded at length today on why he despises the barbarous relic. The sage doesn't really care about the yellow metal, whatever the price. He sees it primarily as a bet on fear.
If investors are more afraid in a year than they are today, then you make money. If they aren't, then you lose money. If you took all the gold in the world, it would form a cube 67 feet on a side, worth $7 trillion. For that same amount of money, you could own other assets with far greater productive earning power, including:
*All the farmland in the US, about 1 billion acres, which is worth $2.5 trillion.
*Seven Apple?s (AAPL), the second largest capitalized company in the world.
*You would still have $2 trillion left over in walking around money.
Instead of producing any income or dividends, gold just sits there and shines, making you feel like King Midas.
I don't know. With the stock market at an all time high, and oil trading at $96/barrel, a bet on fear looks pretty good to me right now. I'm still sticking with my long term forecast of the old inflation adjusted high of $2,300/ounce. But we may have to visit $1,500 on the way there first.
One of my many alma maters, the University of Southern California, announced that they had received their largest private donation in history. As a third generation alumni of this fanatical football factory (I went to school with Mark Harmon, Lynn Swan, and, oops, OJ Simpson), I still receive their alumni newsletter, where I learned the good news.
David and Dana Dornsife gave $200 million to the downtown Los Angeles home of the Trojans. The money will be used to fund the College of Letters, Arts, and Sciences, which will be renamed after them. Dornsife made his fortune as the owner of Herrick Corp., a Stockton based maker of the prefabricated steel that was used to build many of the skyscrapers in the center of Los Angeles.
The gift tops the university's previous largest gift from George Lucas, of Star Wars fame, who in 2006 contributed $175 million to USC's film school, which he once attended with legendary director, Steven Spielberg.
For the record, the largest charitable contribution to a university in history was the $600 million that Gordon Moore gave Caltech in nearby Pasadena, where as a teenager, I used to sit in on the Math classes. Notice that all of these big donations to education are happening in California.
Tommy Trojan will no doubt be happy, provided that a Bruin from UCLA has not stolen his sword again. And don?t ask me about ?Old Tire Biter.?
Global Market Comments
March 26, 2013
Fiat Lux
Featured Trade:
(MAY 8 LAS VEGAS STRATEGY LUNCHEON),
(HERE COMES THE ROLLING TOP),
(VIX), (BAC), (UAL), (SPX), (IWM),
(A DIFFERENT VIEW OF THE US)
VOLATILITY S&P 500 (VIX)
Bank of America Corporation (BAC)
United Continental Holdings, Inc. (UAL)
S&P 500 Large Cap Index (SPX)
iShares Russell 2000 Index (IWM)
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Las Vegas, Nevada on Wednesday, May 8, 2013. An excellent meal will be followed by a wide-ranging discussion and an extended question and answer period.
I?ll be giving you my up to date view on stocks, bonds, currencies, commodities, precious metals, and real estate. I will also explain how I have been able to deliver a blowout 40% return since the November, 2012 market bottom. And to keep you in suspense, I?ll be throwing a few surprises out there too. Tickets are available for $179.
I?ll be arriving at 11:00 and leaving late in case anyone wants to have a one on one discussion, or just sit around and chew the fat about the financial markets. The PowerPoint presentation will be emailed to you three days before the event.
The lunch will be held at a major Las Vegas hotel on the Strip, the details will be emailed with your purchase confirmation. Please make your own hotel reservations, as business there is booming.
I look forward to meeting you, and thank you for supporting my research. To purchase tickets for the luncheons, please go to my online store.
My mother lives in Pakistan, my daughter in Greece, and I have a ski chalet in Peru. What's more, I have strategy luncheons planned for Australia, Thailand, and Turkey.
At least these would be my conclusions after looking at a map of the United States prepared by my esteemed former employer, The Economist magazine, renaming each state with its international equivalent in GDP.
There are other tongue-in-cheek comparisons to be made. Texas is portrayed by Russia, which makes sense, as both are oil exporters. Ditto for Alaska, which is represented by Oman. As for Hawaii? It is renamed Croatia. Now that would really give president Obama birth certificate problems!
I worked for this august publication for a decade during the seventies, and have been reading the best business magazine in the world for nearly over four decades. They never cease to inform, entertain, and titillate.
An April 1 issue once did a full page survey on a fictitious country off the coast on India called San Serif. It noted that if the West coast kept eroding, and the East coast continued silting up, the country would eventually run into the subcontinent, creating serious geopolitical problems.
It wasn't until someone figured out that the country, the prime minister, and every town on the map was named after a type font that the hoax was uncovered. This was way back, in the pre-Microsoft Word era, when no one outside the typesetters union knew what 'Times Roman' meant.
Global Market Comments
March 22, 2013
Fiat Lux
Featured Trade:
(BUY EVERY BLACK SWAN),
(SPY), (QQQ), (IWM), (AAPL), (UAL)
(REVISITING CHENIERE ENERGY),
(LNG), (UNG), (USO), (DVN), (CHK)
SPDR S&P 500 (SPY)
PowerShares QQQ (QQQ)
iShares Russell 2000 Index (IWM)
Apple Inc. (AAPL)
United Continental Holdings, Inc. (UAL)
Cheniere Energy, Inc. (LNG)
United States Natural Gas (UNG)
United States Oil (USO)
Devon Energy Corporation (DVN)
Chesapeake Energy Corporation (CHK)