When I closed out my position in Freeport McMoRan (FCX) near its max profit earlier this year, I received a hurried email from a reader if he should still keep the stock. I replied very quickly: “Hell, yes!” When I toured Australia a couple of years ago, I couldn’t help but notice a surprising number
"If horses could have voted, there never would have been cars," said my friend, Tom Friedman, a columnist at the New York Times.
Global Market Comments December 23, 2024 Fiat Lux Featured Trade: (A BUY WRITE PRIMER) (AAPL)
Global Market Comments December 20, 2024 Fiat Lux Featured Trade: (THE EIGHT WORST TRADES IN HISTORY)
As you are all well aware, I have long been a history buff. I am particularly fond of studying the history of my own avocation and trading in the hope that the past errors of others will provide insights into the future. History doesn’t repeat itself, but it certainly rhymes. So, after decades of research
“It’s really dangerous to look for rationality in the market, so much of it is psychology…. Stocks will rotate from flawless to hopeless,” said Howard Marks of Oaktree Capital Management.
Global Market Comments December 19, 2024 Fiat Lux Featured Trade: (A CHRISTMAS STORY), (THE U-HAUL INDICATOR)
When I was growing up in Los Angeles during the fifties, the most exciting day of the year was when my dad took me to buy a Christmas tree. With its semi-desert climate, Southern California offered pine trees that were thin and scraggly at best, and we didn’t want to chop down the view that
It is the end of the semester at the University of California, and as a single parent, the unenviable task of retrieving my daughters out of the dorms for the holidays fell to me. When I arrived, I was stunned to find nothing less than a war zone. Both sides of every street were lined
“This isn’t a choice between vanilla and chocolate, folks! It’s all rocky road: a few marshmallows to get you excited before the elections, but with a lot of nuts to ruin the aftermath,” said the ever insightful Bill Gross at PIMCO.
Global Market Comments December 18, 2024 Fiat Lux Featured Trade: (TESTIMONIAL), (WHAT EVER HAPPENED TO THE GREAT DEPRESSION DEBT?), ($TNX), (TLT), (TBT)
It's so great having John as my Personal Investment 911. Even when he was navigating the current of his excellent Summit … it took him less than 3 minutes to answer my questions & guide me on my way. I’m underway & making hay … thank you, John. Andy Sarasota, Florida
With the national debt now at $36 trillion becoming a hot-button issue once again, it’s time to revisit one of my favorite stories. When I was a little kid during the early 1950s, my grandfather used to endlessly rail against President Franklin Delano Roosevelt. The WWI veteran, who was mustard gassed in the trenches of
“Babies born in America today are the luckiest crop in history,” said Oracle of Omaha Warren Buffett.
Global Market Comments December 17, 2024 Fiat Lux Featured Trade: (I’M TAKING OFF FOR THE YEAR)
By the time you read this, I will be 200 miles off the west coast of Mexico on the Coral Princess. I’ll be occupying the spacious owner's suite and packing all three of my tuxes (and all my black socks) just to make sure I am never underdressed. You see, I need a vacation. I
Hi John, Wow, what an incredible year for you! We love your stories and adventures. I truly know of no one who lives life to the fullest as much as you do. Congratulations! You give us all something to shoot for and making each day count. We certainly hope you and your family are well.
“What the Fed has done is pulled forward several years of stock appreciation into just a couple of months. I think stock prices are too high,” said Jonathan Golub, chief US equity strategist of Credit Suisse.
Global Market Comments December 16, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD or CATCHING THE NEXT MARKET TOP), plus (A LIFETIME OF FLIGHT INSTRUCTION), (JPM), (NVDA), (BAC), (C), (CCJ), (MS), (BLK), (TSLA)
We all learned as children how to win at “Merry Go Round.” All you have to do is remember to sit down when the music stops playing. We are now entering a market with the greatest uncertainty since the pandemic. This is when expansive election promises meet harsh reality. And the new president has to