With the shocking re-emergence of Nazis on America's political scene, memories are flooding back to me of some of the most amazing experiences in my life. I have been warning my long-term readers for years now that this story was coming. The right time is now here to write it. I know the Nazis well.
"Though the preachers of pessimism prattle endlessly about America's problems, I've never seen one who wishes to emigrate (though I can think of a few for whom I would happily buy a one-way ticket)," said Oracle of Omaha Warren Buffett.
Global Market Comments July 10, 2019 Fiat Lux Featured Trade: (JOIN US AT THE MAD HEDGE LAKE TAHOE, NEVADA, CONFERENCE, OCTOBER 25-26, 2019)
Tickets for the Mad Hedge Lake Tahoe Conference are selling briskly. If you want to obtain a ticket that includes a dinner with John Thomas and Arthur Henry, you better get your order in soon. The conference date has been set for Friday and Saturday, October 25-26. Come learn from the greatest trading minds in
"Traders are very good at looking at the second hand on the clock, but not so good with the hour hand," said Gene Munster of venture capital firm Loup Ventures.
Global Market Comments July 9, 2019 Fiat Lux SPECIAL OPTIONS TRADING ISSUE Featured Trade: (HOW TO FIND A GREAT OPTIONS TRADE)
To the dozens of subscribers in Afghanistan, Somalia, Iraq, and the surrounding ships at sea, thank you for your service! I think it is very wise to use your free time to read my letter and learn about financial markets in preparation for an entry into the financial services when you muster out. And if
Global Market Comments July 8, 2019 Fiat Lux Featured Trade: (STANDBY FOR THE COMING GOLDEN AGE OF INVESTMENT), (SPY), (INDU), (FXE), (FXY), (UNG), (EEM), (USO), (TLT), (NSANY), (TSLA)
I believe that the global economy is setting up for a new Golden Age reminiscent of the one the United States enjoyed during the 1950s, and which I still remember fondly. This is not some pie in the sky prediction. It simply assumes a continuation of existing trends in demographics, technology, politics, and economics. The
"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 July 5, 2019 Fiat Lux Featured Trade: (FRIDAY JULY 19 ZERMATT SWITZERLAND STRATEGY SEMINAR) (WHERE THE ECONOMIST “BIG MAC” INDEX FINDS CURRENCY VALUE), (FXF), (FXE), (FXA), (FXY), (CYB), (WHY US BONDS LOVE CHINESE TARIFFS), (TLT), (TBT), (SOYB), (BA), (GM)
My former employer, The Economist, once the ever-tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its "Big Mac" index of international currency valuations. Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly accurate predictor of future economic success.
For many, one of the most surprising impacts of the administration’s tariffs on Chinese imports announced today has been a rocketing bond market. Since the December $116 low, the iShares 20+ Year Treasury Bond ETF (TLT) has jumped by a staggering $16 points, the largest move up so far in years. The tariffs are a
Global Market Comments July 3, 2019 Fiat Lux Featured Trade: (WEDNESDAY, JULY 10 BUDAPEST, HUNGARY STRATEGY LUNCHEON) (MEET THE GREEKS)
Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Luncheon which I will be conducting in Budapest, Hungary on Wednesday, July 10, 2019 at 12:30 PM. An excellent meal will be followed by a wide-ranging discussion and a question-and-answer period. I’ll be giving you my up to date view on stocks,
Hang around any professional options trading desk and it will only be seconds before you hear the terms Delta, Theta, Gamma, or Vega. No, they are not reminiscing about their good old fraternity or sorority days (Go Delta Sigma Phi!). These are all symbols for mathematical explanations of how options prices behave when something changes.
Global Market Comments July 2, 2019 Fiat Lux Featured Trade: (MONDAY, JULY 8 VENICE, ITALY STRATEGY LUNCHEON) (HERE COMES THE NEXT BIOTECH REVOLUTION). (CVS), (AET), (BRK.A), (AMZN), (JPM), (CI), (AAPL), (NVDA), (IBM), (AMGN), (IBB), (BIIB), (CELG), (REGN)
Come join me for lunch at the Mad Hedge Fund Trader’s Global Strategy Luncheon which I will be conducting in Venice, Italy on Monday, July 8, 2019 at 12:30 PM. The event will be held at a hotel that was featured in both James Bond and Indiana Jones movies. Just watch for the swallowtail architectural
Technology and biotechnology are the two seminal investment themes of this century. And while many tech companies have seen share prices rise 100-fold or more since the millennium, biotech and its parent big pharma have barely moved the needle. That is about to change. You can thank the convergence of big data, supercomputing, and the
"Technology is going to be stealing market capitalization from other industries for the next ten years," said Gene Munster of Silicon Valley venture capital firm Loup Ventures.