There is no doubt that the ?underground? economy is growing. No, I?m not talking about violent crime, drug dealing, or prostitution. Those are largely driven by demographics, which right now, are at a low ebb. I?m referring to the portion of the economy that the government can?t see, and therefore is not counted in its
?Financial repression seems to be working. The Fed is pushing everyone into riskier assets. Stocks are the obvious place for that, and it?s driving valuations ever higher.? said Curt Custard, of UBS Asset Management.
Global Market Comments June 3, 2016 Fiat Lux Featured Trade: (JUNE 29 DUBLIN, IRELAND GLOBAL STRATEGY LUNCHEON), (WHY WE DO PUT SPREADS), (ALL I WANT TO DO IS RETIRE), (THE TWELVE DAY YEAR)
Yesterday morning, I used the opening dip to come out of the SPY June, 2016 $212-$217 in-the-money vertical bear put spread at cost. This is being prompted by OPEC?s failure to reach a production ceiling once again. The timing was fortuitous. An hour later, favorable inventory numbers delivered a 3% spike in Texas tea, dragging
I have always believed that if you don?t have a sense of humor, then you better get the hell out of this business. Below is a link to a YouTube video entitled ?All I Want to do is Retire? which covers the decline of the brokerage industry over the last 20 years.The video is currently
I have reported in the past on the value of the Friday-Monday effect, whereby the bulk of the year's performance can be had through buying the Friday close in the stock market and then selling the Monday close (click here for ?The Friday-Monday Effect Exposed?).Well, I have discovered a further distillation of this phenomenon. During
?I think you?re begging to see a tectonic shift towards the dollar,? said Boris Schlossberg of BK Asset Management.
Global Market Comments June 2, 2016 Fiat Lux Featured Trade: (JULY 7 DUBROVNIK, CROATIA GLOBAL STRATEGY LUNCHEON), (A NOTE ON JUNE'S OPTIONS EXPIRATIONS), (TESTIMONIAL)
We have two options position that are in-the-money and expire in 11 trading days, and I just want to explain to the newbies how to best maximize their profits. These comprises: the S&P 500 (SPY) June $212-$217 in-the-money vertical bear put spread with a cost of $4.51 the Japanese Currency ETF (FXY) June $91-$94 vertical
Global Market Comments June 1, 2016 Fiat Lux Featured Trade: (JULY 22 ZERMATT, SWITZERLAND GLOBAL STRATEGY SEMINAR), (WHY I DON?T CARE ABOUT OIL), (USO), (UNG), (XOM) United States Oil (USO) United States Natural Gas (UNG) Exxon Mobil Corporation (XOM)
With the price of oil closing at a low on Friday of $48.33, you?d think I might be concerned. In actual fact, I could care less, am indifferent, unconcerned, and couldn't even give a rat?s ass. In actual fact, oil was exactly at $48.33 a year ago. If you?d taken a one year cruise around
?There?s nothing but tailwinds behind the American consumer. You?re creating a boatload of jobs, you?re creating all kinds of jobs. Wage growth is accelerating. The stock market is at record highs. The debt service burden is as low as it has ever been. And consumer confidence is back to pre recession levels,? said Mark Zandi,
Global Market Comments May 31, 2016 Fiat Lux Featured Trade: (WHAT?S ON YOUR PLATE FOR THIS WEEK), (SPY), (TLT), (FXY), (FXE), (USO), (GLD), (THE TEN BAGGERS IN CYBER SECURITY), (PANW), (FEYE), (HACK) SPDR S&P 500 ETF (SPY) iShares 20+ Year Treasury Bond (TLT) CurrencyShares Japanese Yen ETF (FXY) CurrencyShares Euro ETF (FXE) United States Oil
The Mad Hedge Fund Trader closed out a blockbuster month in May, increasing customer assets by a lip smacking 3.93%. The home runs were in short positions in the S&P 500 (SPY), the Japanese Yen (FXY), and the Euro (FXE), where we earned 10% to 16% a pop. We even caught an overnight drop in
The threat to America?s national security does not come from ISIS, Iran, Russia, or China. It is an online hack attack. That is the view of General Keith B. Alexander, who recently retired as the head of US Cyber Command after a lifetime in the intelligence business, the country?s principal online warrior. I discovered a
Global Market Comments May 30, 2016 Fiat Lux SPECIAL MEMORIAL DAY ISSUE Featured Trade: (A TRIBUTE TO A TRUE VETERAN)
Global Market Comments May 27, 2016 Fiat Lux Featured Trade: (THE MAD HEDGE DICTIONARY OF TRADING SLANG), (MY PERSONAL ECONOMIC INDICATOR), (HMC), (NSANY), (GM), (F), (TSLA) Honda Motor Co., Ltd. (HMC) Nissan Motor Co. Ltd. (NSANY) General Motors Company (GM) Ford Motor Co. (F) Tesla Motors, Inc. (TSLA)
"If you work forever, you can live forever,? said my friend and mentor, Blackrocks?s Byron Wien.
Global Market Comments May 26, 2016 Fiat Lux Featured Trade: (WHY I LOVE THE BANKS), (JPM), (WFC), (C), (XLF), (GS), (MS), (CMA), (BAC), (SO WHAT IS YOUR ?INFLUENCER? SCORE) JPMorgan Chase & Co. (JPM) Wells Fargo & Company (WFC) Citigroup Inc. (C) The Select Sector SPDR Trust - The Financial Select Sector SPDR Fund (XLF)
I love banks, especially American ones. I like those imposing, monumental edifices. I am attracted to those smooth marble surfaces. Those wrought iron grills at the teller windows are not to be trifled with. They all reek of safety, stability, and certainty. What better place to park your life savings. And I never hesitate to