One of the most painful experiences of my half century long trading life involved the Credit Suisse VelocityShares Daily Inverse VIX Short-Term ETNs (XIV). I was certain that the Volatility Index (VIX) would peak for the year at the Wednesday, February 5, 8:30 AM market opening. So, I shot out a Trade Alert to place
Global Market Comments May 15, 2018 Fiat Lux Featured Trade: (FRIDAY, JUNE 15, 2018, DENVER, CO, GLOBAL STRATEGY LUNCHEON) (GET READY FOR THE COMING GOLDEN AGE), (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
Global Market Comments May 14, 2018 Fiat Lux Featured Trade: (THURSDAY, JUNE 14, 2018, NEW YORK, NY, GLOBAL STRATEGY LUNCHEON), (THE MARKET OUTLOOK FOR THE WEEK AHEAD, OR TAKING ANOTHER BITE AT THE APPLE), (AAPL), (FAREWELL TO DAVID ROCKEFELLER)
What happens after markets test the top end of a range? They test the bottom end of the range. So, the game here is to pick where and when is the next short-term top. Now that Q1 earnings are out of the way, there is no major positive driver of the market for two more
Watching Sotheby's sell off the possessions of David Rockefeller, the memories came flooding back. A Picasso went for a staggering $115 million, while a Monet fetched $80 million. A leather easy chair estimated at $300 sold for $8,000. I've seen then all, either at the downtown headquarters of Chase Manhattan Bank, which Rockefeller turned into
"It's easier to get out of Cuba than to get out of Facebook," said a market analyst.
Global Market Comments May 11, 2018 Fiat Lux Featured Trade: (WEDNESDAY, JUNE 13, 2018, PHILADELPHIA, PA, GLOBAL STRATEGY LUNCHEON), (MAY 9 BIWEEKLY STRATEGY WEBINAR Q&A), (FB), (MU), (NVDA), (AMZN), (GOOGL), (TLT), (SPX), (MSFT), (DAL), (MAD HEDGE DINNER WITH BEN BERNANKE)
Come join me for lunch at the Mad Hedge Fund Trader's Global Strategy Update, which I will be conducting in Philadelphia, PA, on Wednesday, June 13, 2018. 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
Below please find subscribers' Q&A for the Mad Hedge Fund Trader May 9 Global Strategy Webinar with my guest co-host Bill Davis of the Mad Day Trader. As usual, every asset class long and short was covered. You are certainly an inquisitive lot, and keep those questions coming! Q: Would you still short Facebook (FB)?
"There's a 70% chance the whole thing will fail," said Jeff Bezos when pitching his parents for a $100,000 investment in his start-up, Amazon (AMZN) in 1994.
Global Market Comments May 10, 2018 Fiat Lux Featured Trade: (TUESDAY, JUNE 12, NEW ORLEANS, LA, GLOBAL STRATEGY LUNCHEON), (THE END OF THE IRAN NUCLEAR DEAL AND YOUR PORTFOLIO), (USO), (XOM), (OXY), (CVX), (DAL), (XLP), (UPGRADING OUR CUSTOMER SUPPORT)
My first contact with Iran was during the horrific 1980-88 Iran-Iraq war. I was a war correspondent for The Economist magazine living in the Kuwait Hilton. Early every morning, hotel staff hurried down to the beach to clean up the remains of shark-eaten bodies that had washed up from the pitched battles overnight. It was
In our never-ending quest to upgrade our customer service we will be changing our telephone numbers. Effective today, you can reach us at 201-858-8051, or 888-520-8616. If Nancy is not in, the call will automatically roll over to any of a half dozen other Mad Hedge Fund Trader staff. We do get overwhelmed sometimes when
"$43 billion is not enough," said Charlie Munger regretfully about Berkshire Hathaway's ownership of Apple (AAPL). It's now worth $45 billion.
Global Market Comments May 9, 2018 Fiat Lux SPECIAL REIT ISSUE Featured Trade: (MONDAY, JUNE 11, FORT WORTH, TEXAS, GLOBAL STRATEGY LUNCHEON), (THE DEATH OF THE MALL), (SPG), (MAC), (TCO)
Global Market Comments May 8, 2018 Fiat Lux Featured Trade: (DON'T MISS THE MAY 9 GLOBAL STRATEGY WEBINAR), (REMINDING YOU WHY YOU SHOULD BE SELLING IN MAY), (QUANTITATIVE EASING EXPLAINED TO A 12-YEAR-OLD)
My next global strategy webinar will be held live from Silicon Valley on Wednesday, May 9, at 12:00 PM EST. Co-hosting the show will be Mad Day Trader Bill Davis. I'll be giving you my updated outlook on stocks, bonds, commodities, currencies, precious metals, and real estate. The goal is to find the cheapest assets
Followers of my Trade Alert service have watched me shrink my book, reduce risk, and cut positions to a rare 100% cash position. No, I am not having a nervous breakdown, a midlife crisis, nor have I just received a dementia diagnosis. It's because I am a big fan of buying straw hats in the
Global Market Comments May 7, 2018 Fiat Lux Featured Trade: (THE MARKET OUTLOOK FOR THE WEEK AHEAD, or WHERE?S THE RECOVERY?) (AAPL), (BAC), (AXP), (XLP), (CAT), (X), (POPULATION BOMB ECHOES), (DBA), (CORN), (SOYB), (WEAT), (MOS), (TESTIMONIAL) ?