It seems that all anyone has to do is blow their nose these days, and high-frequency trading will amplify the movement, a multiple of what we would have seen in past years. It's like the butterfly flapping its wings in the Amazon. The exit of institutional money to trading in in-house dark pools, the concentration
Global Market Comments October 1, 2024 Fiat Lux Featured Trade: (HOW TO AVOID THE PONZI SCHEME TRAP) (TESTIMONIAL)
I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who had lost most of his personal fortune to Bernie Madoff. The University of Connecticut psychology professor had poured the bulk of his savings into Sandra Mansky's Tremont feeder fund; receiving convincing trade confirms and rock-solid custody statements from the Bank
In Silicon Valley, you’re either a unicorn or a dinosaur, and if you are the latter, you are uninvestable,” said a venture capital friend of mine.
Global Market Comments September 30, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or CHINA IS BACK! plus MY ENCOUNTER WITH ALIENS), (GLD), (CCJ), (NEM), (TSLA), TLT), (DHI), (FXI), (BIDU), (TNE) (USO), (BTU), (UNG), (CORN), (WEAT), (SOYB), (LVS), (WYNN) (LVUY) (HESAF)
There are always many unintended consequences to any Fed move, such as the 50-basis point interest rate cut on September 18. This time, a big one is that China would match and then exceed our own central bank’s move with a blockbuster stimulus package of their own. China has finally reached the “whatever it takes”
Global Market Comments September 27, 2024 Fiat Lux Featured Trade: (THE MAD HEDGE SEPTEMBER 17-19 SUMMIT REPLAYS ARE UP), (SEPTEMBER 25 BIWEEKLY STRATEGY WEBINAR Q&A), (TSLA), (NVDA), (GLD), (SLV), (AGQ), (URA), (X), (PGE), (FDX), (V), (CEG), (NEE), (CCJ), (FSLR), (TLT), (WMT), (FCX), (UBER), (LYFT), (FXB), (T)
Below please find subscribers’ Q&A for the September 25 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Lake Tahoe Nevada. Q: The iShares 20+ Year Treasury Bond ETF (TLT) is not advancing like I had hoped. I’m not sure why the interest rate cuts have not impacted the 20-year maturity—is it too far out?
“There’s a 70% chance you could lose it all,” said Jeff Bezos to his parents when asking for a $100,000 investment to start Amazon. “I want you to know the risks because I want to be able to come home for Thanksgiving.”
Global Market Comments September 26, 2024 Fiat Lux Featured Trade: (AN INSIDER’S GUIDE TO THE NEXT DECADE OF TECH INVESTMENT), (AMZN), (AAPL), (NFLX), (AMD), (INTC), (TSLA), (GOOG), (META)
Last weekend, I had dinner with one of the oldest and best-performing technology managers in Silicon Valley. We met at a small out-of-the-way restaurant in Oakland near Jack London Square so no one would recognize us. It was blessed with a very wide sidewalk out front and plenty of patio tables. The service was poor
“The French have more fun in one year than the English do in ten,” said John Adams, America’s second president, and one-time ambassador to Paris and London.
Global Market Comments September 25, 2024 Fiat Lux Featured Trade: (THE NEXT COMMODITY SUPER CYCLE HAS JUST BEGUN), (COPX), (GLD), (FCX), (BHP), (RIO), (SIL), (CCJ), (PPLT), (PALL), (GOLD), (ECH), (EWZ), (IDX)
Global Market Comments September 24, 2024 Fiat Lux Featured Trade: (THE MAD HEDGE DECEMBER 6-8 SUMMIT REPLAYS ARE UP), (THE LONG VIEW ON EMERGING MARKETS), (TESTIMONIAL)
I managed to catch a few comments in the distinct northern English accent of Jim O'Neil, the fabled analyst who invented the “BRIC” term, and who was later kicked upstairs to the chairman's seat at Goldman Sachs International (GS) in London. Now that the US dollar is in free fall, Jim thinks that it is
First and foremost, thank you for what you do. The small cost of this newsletter pays for itself a thousand times over. My returns mimic those of your portfolio for the year and for that I am grateful. The only suggestion I would offer is to keep doing what you are doing. It is people
"A central bank is best that governs least, but is prepared to govern radically when called upon," said 19th century man of letters, Walter Bagehot, the first editor of The Economist magazine in London.
Global Market Comments September 23, 2024 Fiat Lux Featured Trade: Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD or THE DOCTOR JEKYLL AND MR. HYDE MARKET), (NVDA), (MSFT), (GLD), (NEM), (TSLA). (CCJ), (DHI), (TLT)
I have to tell you that every year I do this, calling the market gets easier and easier. That’s because when you go from year 62 to 63 in the market, you actually learn quite a lot. What gets more frustrating every year is convincing people to execute my trades because they are increasingly out
“All over the world, money managers are waiting for the signal that the Fed is going to end tightening. I think everyone is on a hair trigger,” said oracle of Omaha, Warren Buffett.