The stock market has turned into the real estate market, where everyone is afraid to sell for fear of being unable to find a replacement. Will it next turn into the Bitcoin market, which has gone ballistic? Risk assets everywhere are now facing a good news glut. My 2020 market top target of 30,000 for
Global Market Comments December 16, 2020 Fiat Lux FEATURED TRADE: (WHAT TO BUY AT MARKET TOPS?), (CAT), ($COPPER), (FCX), (BHP), (RIO), (EUROPEAN STYLE HOMELAND SECURITY), (TESTIMONIAL)
I will start today’s letter by listing six more data points showing how overbought stocks have become. 1) While the number of outstanding shares in the US has remained unchanged since 2006, thanks to M&A, buybacks, bankruptcies, and privatizations, the average weighted share price has more than doubled from $50.15 to $137.00. 2) The Volatility
Hey John and the MAD Team, here's an advance Happy New Year! You really nailed and keep nailing great reversals and trends that are just beginning to deserve a watchful eye. I nailed it today, so far, just buying the JPY pairs, and shorting the big bond, this past couple of weeks. I'm still a
Global Market Comments December 15, 2020 Fiat Lux FEATURED TRADE: (A NOTE ON OPTIONS CALLED AWAY), (TSLA), (TLT), (BABA), (JPM), (CAT)
Global Market Comments December 14, 2020 Fiat Lux FEATURED TRADE: (MARKET OUTLOOK FOR THE WEEK AHEAD, or THE GREAT ASSET SHORTAGE), (INDU), (PFE), (MRNA), (PTON), (DOCU), (ETSY), (CAT), (JPM), (BABA), (TSLA), (TLT), (ABNB), (DIS)
Markets are wonderful arbiters of the laws of supply and demand. When there is a shortage of a particular security, Wall Street has a magical ability to manufacture more by running the printing presses to meet supply, or in the modern incarnation, open the spreadsheets. Except for this time. The amount of new cash created
Global Market Comments December 11, 2020 Fiat Lux FEATURED TRADE: (DECEMBER 9 BIWEEKLY STRATEGY WEBINAR Q&A), (GLD), (FXA), (FXE), (FXC), (UUP), (FXB), (ABNB), (DASH), (TAN), (TLT), (TBT), (NZD), (DKNG), (SNOW), (AAPL), (CRSP), (RTX), (NOC)
Below please find subscribers’ Q&A for the December 9 Mad Hedge Fund Trader Global Strategy Webinar broadcast from Incline Village, NV with my guest and co-host Bill Davis. Q: Is gold (GLD) about ready to turn around from here? A: The gold bottom will be easy to call, and that’s when the Bitcoin top happens. In fact,
“Sometimes, when you jump off a bridge, you have to grow your wings on the way down,” said author Danielle Steele.
Global Market Comments December 10, 2020 Fiat Lux FEATURED TRADE: (MY 20 RULES FOR TRADING IN 2021)
Nothing like starting the new year with going back to basics and reviewing the rules that worked so well for us in 2020. Call this the refresher course for Trading 101. I usually try to catch three or four trend changes a year, which might generate 100-200 trades, and often come in frenzied bursts. Since
"Bonds are priced artificially because you've got some guy buying tens of billions of dollars worth a month. That will change at some point, and when it does, people are going to lose a lot of money," said Oracle of Omaha, Warren Buffett.
Global Market Comments December 9, 2020 Fiat Lux FEATURED TRADE: (THE DEATH OF KING COAL) (KOL), (PEA)
Global Market Comments December 8, 2020 Fiat Lux FEATURED TRADE: (THE BRAVE NEW WORLD OF ONLINE RETAILING), (SNAP), (GPRO), (APRN), (SFIX)
Global Market Comments December 7, 2020 Fiat Lux FEATURED TRADE: (MARKET OUTLOOK FOR THE WEEK AHEAD, or A DICEY LANDING) (SPY), (TLT), (AMZN), (TSLA), (CRM), (JPM), (CAT), (BABA), (FCX), (GLD), (SLV), (UUP), (FXE), (FXA), (FXB), (FXY), (FXI), (EWZ), (THD), (EPU)
Landing my 1932 de Havilland Tiger Moth biplane can be dicey. For a start, it has no brakes. That means I can only land on grass fields and hope my tail skid catches before I run out of landing strip. If it doesn’t, the plane will hit the end, nose over, and dump a fractured
Global Market Comments December 4, 2020 Fiat Lux FEATURED TRADE: (WHY WATER WILL SOON BE WORTH MORE THAN OIL), (CGW), (PHO), (FIW), (VE), (TTEK), (PNR), (BYND), (WHY WARREN BUFFETT HATES GOLD), (GLD), (GDX), (ABX), (GOLD)
Global Market Comments December 3, 2020 Fiat Lux FEATURED TRADE: (WHATEVER HAPPENED TO THE GREAT DEPRESSION DEBT?), ($TNX), (TLT), (TBT),
Global Market Comments December 2, 2020 Fiat Lux FEATURED TRADE: (WHAT HAPPENED TO THE DOW?) ($INDU), (EK), (S), (BS), (CVX), (DD), (MMM), (FBHS), (MGDDY), (FL), (GE), (TSLA), (GM)