I am sitting in my Lake Tahoe office watching a light snow blanket the surrounding High Sierras. There is a stiff north wind whipping up whitecaps on a cerulean blue lake. Spring break normally packs the Diamond Peak ski resort at Incline Village, Nevada. This year, it is a ghost town. The resort is closed,
I’d rather take risk in a well-researched common stock than in a government bond,” said my old friend and investor, Lee Cooperman, late of Omega Advisors.
Global Market Comments March 27, 2020 Fiat Lux Featured Trade: (MARCH 25 BIWEEKLY STRATEGY WEBINAR Q&A), (ROM), (BA), (VIX), (UPRO), (SSO), (UBER), (LYFT), (MDT), (GLD), (GOLD), (NEM), (GDX), (UGL)
Below please find subscribers’ Q&A for the Mad Hedge Fund Trader March 25 Global Strategy Webinar broadcast from Silicon Valley, CA with my guest and co-host Bill Davis of the Mad Day Trader. Keep those questions coming! Q: Since we flipped the off button on the economy, I don’t see how we can simply flip the on button and
Global Market Comments March 26, 2020 Fiat Lux Featured Trade: (REVISITING THE GREAT DEPRESSION) (EXPLORING MY NEW YORK ROOTS)
Global Market Comments March 25, 2020 Fiat Lux Featured Trade: (LEARNING THE ART OF RISK CONTROL)
Global Market Comments March 24, 2020 Fiat Lux Featured Trade: (TEN SIGNS THE MARKET IS BOTTOMING), (FXI), (BRK/A), (BA), (DAL), (SPX), (INDU), (UUP), (VIX), (VXX), (AAPL)
I spent the morning calling some big hedge fund friends asking what they are looking for to indicate the market may be bottoming. I’ll give you a warning right now. None of the traditional fundamental or technical measures have any validity in this market. Markets will need to see at least one, and maybe all
Global Market Comments March 23, 2020 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or WELCOME TO THE GREAT DEPRESSION), (INDU), (SPY), (GS), (MS), (FXI), (USO), (TSLA)
The neighborhood is alive with power tools. These are the implements that were given as Christmas presents to dads years ago. But to afford life in the San Francisco Bay Area said dads have to work 12 hours a day and weekends. Now, suddenly they have all the free time in the world and those
Trade Alert - (AMZN) - EXPIRATION EXPIRATION of the Amazon (AMZN) March 2020 $1,350-$1,400 in-the-money vertical BULL CALL spread at $50.00 or best Closing Trade 3-20-2019 expiration date: March 20, 2019 Portfolio weighting: 10% Number of Contracts = 2 contracts The net effect of the Coronavirus is to immediately drive a much larger share
Global Market Comments March 20, 2020 Fiat Lux Featured Trade: (TAKING A LOOK AT THE ROM) (ROM) (BRING BACK THE UPTICK RULE!)
“Any sufficiently advanced technology is indistinguishable for magic, said Arthur C. Clark, futurologist and author of 2001: A Space Odyssey.
Global Market Comments March 19, 2020 Fiat Lux Featured Trade: (INVESTING ON THE OTHER SIDE OF THE CORONA VIRUS), (SPY), (INDU), (FXE), (FXY), (UNG), (EEM), (USO), (TLT), (TSLA)
The Coronavirus has just set up the investment opportunity of the century. In a matter of three weeks, stocks have gone from wildly overbought to ridiculously cheap. Price earnings multiples have plunged from 20X to 13X, well below the 15.5X long term historical average. The Dow Average is now 5% lower than when Donald Trump
"By historic, fundamental measures, stocks are extremely high. PE multiples are at 100 year highs. But if you look at stock prices relative to interest rates, they are exactly where they should be," said hedge fund legend, Stanley Druckenmiller.
Global Market Comments March 18, 2020 Fiat Lux Featured Trade: (LOOKING FOR LEVERAGED LONG PLAYS), (SPY), (INDU), (SSO), (UPRO)
This is a time where everyone is wondering: what is the future of coronavirus and, in turn, the economy? It is highly likely that the stock market will bottom out over the next few weeks and then begin a period of sideways chop in a wide range. That range could be half the recent loss,
Global Market Comments March 17, 2020 Fiat Lux Featured Trade: (LONG TERM ECONOMIC EFFECTS OF THE CORONAVIRUS), (ZM), (LOGM), (AMZN) (HOW TO HANDLE THE FRIDAY, MARCH 20 OPTIONS EXPIRATION), (AAPL), (AMZN), (MSFT)
The world will never be the same again. Not only is the old world rapidly disappearing before our eyes, the new one is breaking down the front door with alarming speed. In short: the future is happening fast, very fast, and with coronavirus, people are understanding wondering about economic effects long term. To a large