There is no happier corner of the fixed income universe than junk bonds (JNK), (HYG), which have been soaring like a bat out of hell recently.Average yields for the bond class most sensitive to the economy have collapsed from 18% to near an all-time low of 6.68%, a scant 483 basis points over ten year
One of my many alma maters, the University of Southern California announced that they had received their largest private donation in history.As a third generation alumni of this fanatical football factory (I went to school with Mark Harmon, Lynn Swan, and, oops, OJ Simpson), I still receive their alumni newsletter, where I learned the good
?The stock market is one of those things that looks better the more expensive it gets,? said Barbara Marcin, portfolio manager of the Gabelli Dividend Growth Fund.
Global Market Comments June 17, 2016 Fiat Lux Featured Trade: (JULY 22 ZERMATT, SWITZERLAND GLOBAL STRATEGY SEMINAR), (DIAMONDS ARE STILL AN INVESTOR?S BEST FRIEND), (SO YOU THINK THEY?RE NOT WATCHING YOUR PC?)
Hey! You there, staring at this monitor. This is your PC talking to you. No, not you over there standing in the background. I?m talking to the guy sitting in front of me poking at my keys. Ouch! That one hurt!So you thought no one was watching, did you? Let me set you straight. About
?We are still in the gravitational pull of the Great Recession. I would have to put the likelihood of a double dip recession now up to 50%,? said my old UC Berkeley economics professor, Robert Reich.
Global Market Comments June 16, 2016 Fiat Lux Featured Trade: (LAST CHANCE TO ATTEND THE JUNE 20 LONDON STRATEGY LUNCHEON), (BE CAREFUL WHO YOU SNITCH ON), (COULD YOU QUALIFY TO BECOME A US CITIZEN?)
Come join me for lunch for the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in London on Monday, June 20, 2016. A three course lunch will be provided.I?ll be giving you my up to date view on stocks, bonds, currencies commodities, precious metals, and real estate.And to keep you in
Buried in the Dodd-Frank financial reform bill are massive financial rewards for turning in your boss. The SEC is hoping that multimillion dollar rewards amounting to 10%-30% of sanction amounts will drive a stampede of whistleblowers to their doors with evidence of malfeasance and fraud by their employers.If such rules were in place at the
The coming Fourth of July celebration brings back memories of my late wife?s campaign to become an American citizen. She originally came from Japan.Part of the process required a verbal quiz about US history and government. Our family spent a year energetically prepping her, with nightly grillings over dinner about the most obscure details of
?If there were no way to short stocks, the probability of stock market bubbles would be much greater,? said hedge fund manager, Bill Ackman, of Pershing Square.
Global Market Comments June 15, 2016 Fiat Lux Featured Trade: (TRADING THE KENNEDY ASSASSINATION)
There is not a person alive my age who does not remember the assassination of President John F. Kennedy, on November 22, 1963, nearly 53 years ago.The tragedy offers valuable lessons for today?s traders, although we have to travel a circuitous route to get there.It was one of those epochal events, where people remember exactly
?Ask not what your country can do for you, but what you can do for your country,? said John F. Kennedy, America?s 35th president.?
Global Market Comments June 14, 2016 Fiat Lux Featured Trade: (TAKING OFF FOR EUROPE), (TESTIMONIAL)
Terrorist attacks, mass beheadings, and crashing airlines all spell one thing to me. Travel bargains! Of course, my first choice for a vacation destination this year was the civil war in Syria, so I could find out on the ground what is really happening there. In addition, I could shop for a refugee camp in
I can't tell you how much I enjoy your blog. It is the first place I go every morning and I miss you on the weekends.I stumbled upon your site about 4 months ago and have been addicted to it since day one. I really appreciate not only your insight into the markets, but also
?It doesn?t take Herculean assumptions to get to $125 for S&P 500 earnings this year. Slap a 16 multiple on that, and you get 2,000 for the index,? said Brian Jacobson of Wells Fargo Advantage Partners.
Global Market Comments June 13, 2016 Fiat Lux (WHAT?S ON YOUR PLATE FOR THIS WEEK), (SPY), (MUB), (THE PASSING OF A GREAT MAN), (JUNE 20 LONDON STRATEGY LUNCHEON) SPDR S&P 500 ETF Trust (SPY) iShares National Muni Bond (MUB)
Talk about someone sucking all the air out of the room! That?s what Federal Reserve chairwoman Janet Yellen is doing, keeping us on the edge of our seats until 2:00 PM Wednesday, when the Open Market Committee?s decision on interest rates is announced. Will she, or won?t she? The bigger question is whether stocks will