This year I had the pleasure of spending a nostalgic Christmas day in Virginia City, Nevada, now a national historic monument. The old western town is the home of the famed Comstock load, once the world?s largest silver deposit, discovered in 1859. The ore mined here played a major role in building San Francisco into
Dear Jim Parker, I cannot thank you enough for the service that you are providing. ?In my case, I can honestly say that you are accomplishing your goals of enabling me to trade profitably. ? I wish you a well-earned rest and the best of joy with your family and friends during this season. ??
?2015 is setting up to be a repeat of 1999,? the year when NASDAQ delivered a nonstop melt up, rocketing by a stunning 85%, said my friend and hedge fund legend, David Tepper.
Global Market CommentsJanuary 6, 2015Fiat Lux 2015 Annual Asset Class Review FOR PAID SUBSCRIBERS ONLY Featured Trades:(SPX), (QQQ), (XLF), (XLE), (XLI), (XLY), (EEM), (SCTY), (TAN),(TLT), (TBT), (JNK), (PHB), (HYG), (PCY), (MUB), (HCP)(FXE), (EUO), (FXC), (FXA), (YCS), (FXY), (CYB)(FCX), (VALE), (MOO), (DBA), (MOS), (MON), (AGU), (POT), (PHO), (FIW), (CORN), (WEAT), (SOYB), (JJG)(DIG), (RIG), (USO), (DUG), (UNG),
I am once again writing this report from a first class sleeping cabin on Amtrak?s California Zephyr. By day, I have two comfortable seats facing each other next to a broad window. At night, they fold into bunk beds, a single and a double. There is a shower, but only Houdini could get in and
Global Market Comments January 5, 2015 Fiat Lux Featured Trade: (THE AMERICAN ONSHORING TREND IS ACCELERATING), (GE), (TSLA), (TESTIMONIAL) General Electric Company (GE)Tesla Motors, Inc. (TSLA)
Global Market Comments January 2, 2015 Fiat Lux Featured Trade: (THE LONG VIEW ON EMERGING MARKETS), (HOW TO AVOID THE PONZI SCHEME TRAP), (MURRAY SAYLE: THE PASSING OF A GIANT IN JOURNALISM), (TESTIMONIAL)
I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who had lost most of his personal fortune with 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
?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, an early editor of The Economist
Global Market Comments December 31, 2014 Fiat Lux Featured Trade: (FRIDAY APRIL 3 HONOLULU, HAWAII STRATEGY LUNCHEON), (WILL SYNBIO SAVE OR DESTROY THE WORLD?), (XLV), (XPH), (XBI), (MON), (IBM), (GOOG), (AAPL), (CSCO) Health Care Select Sector SPDR (XLV) SPDR S&P Pharmaceuticals ETF (XPH) SPDR S&P Biotech ETF (XBI) Monsanto Company (MON) International Business Machines Corporation
Global Market Comments December 30, 2014 Fiat Lux Featured Trade: (THE SECOND AMERICAN INDUSTRIAL REVOLUTION), (INDU), (SPY), (QQQ), (USO), (UNG), (GLD), (DBA), (TESTIMONIAL) Dow Jones Industrial Average (INDU) SPDR S&P 500 ETF (SPY) PowerShares QQQ (QQQ) United States Oil ETF (USO) United States Natural Gas ETF (UNG) SPDR Gold Shares (GLD) PowerShares DB Agriculture ETF
Global Market Comments December 29, 2013 Fiat Lux Featured Trades: (BE CAREFUL WHO YOU SNITCH ON), (A CONVERSATION WITH THE BOOTS ON THE GROUND), (DINNER WITH JOSEPH STIGLITZ)
?We?re still operating off of Jackson Hole, 2011 when Ben Bernanke delivered his famous speech preceding quantitative easing,? said foreign exchange trader, Ira Harris.
Global Market CommentsDecember 26, 2013Fiat Lux Featured Trade:(CHINA?S LONG AND WINDING ROAD), (FXI), (CYB),(INDUSTIRES YOU WILL NEVER HEAR FROM ME ABOUT) iShares China Large-Cap (FXI)WisdomTree Chinese Yuan Strategy ETF (CYB)
Global Market Comments December 24, 2014 Featured Trades: (A CHRISTMAS STORY)
Global Market CommentsDecember 23, 2014Fiat Lux Featured Trade:(INDIA IS CATCHING UP WITH CHINA),(WHO SAYS HEDGE FUNDS AREN?T ADDING VALUE?)(PIN), (FXI)(PETER F. DRUCKER ON MANAGEMENT) PowerShares India ETF (PIN)iShares China Large-Cap (FXI)
According to my old friend, Rick Sopher, chairman of LCH Investments in London, the top ten hedge funds have earned $153 billion for their investors since inception. Rick, who runs his business from an elegant flat on posh Eaton Square, compiled the list after a comprehensive survey of the still operating 7,000 hedge funds worldwide.
?You can reduce discretionary spending down to zero and it won?t have much impact on our fiscal problems because it?s such a small proportion of the total,? said Ben Bernanke, chairman of the Federal Reserve.
Global Market CommentsDecember 22, 2014Fiat Lux Featured Trade:(LAST CHANCE TO ATTEND THE CHICAGO TUESDAY, DECEMBER 23 GLOBAL STRATEGY LUNCHEON)(THE ONE BRIGHT SPOT IN REAL ESTATE),(A SHORT HISTORY OF HEDGE FUNDS),(THE POPULATION BOMB ECHOES), (POT), (MOS), (AGU),(THANK GOODNESS I DON?T LIVE IN SWEDEN), (EWD) Potash Corp. of Saskatchewan, Inc. (POT)The Mosaic Company (MOS)Agrium Inc. (AGU)iShares MSCI
Come join me for lunch for the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Chicago on Tuesday, December 23. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I?ll be giving you my up to date view on stocks, bonds,