Now you see it, now you don?t. That was the question observers of international monetary flows were asking after last week?s data release from the Federal Reserve. These showed that some $104.5 billion in Treasury securities held in custody accounts were withdrawn. It doesn?t mean that these bonds were sold. You certainly would have noticed
Global Market CommentsDecember 9, 2014Fiat Lux Featured Trade:(CHICAGO TUESDAY, DECEMBER 23 GLOBAL STRAGEGY LUNCHEON),(TAKE A RIDE IN THE NEW SHORT JUNK ETF),(SJB), (JNK), (CORN)(TESTIMONIAL) ProShares Short High Yield (SJB)SPDR Barclays High Yield Bond ETF (JNK)Teucrium Corn ETF (CORN)
?We don?t want to go from Wild Turkey to cold turkey overnight,? said Richard Fisher, president of the Dallas Federal Reserve.
Global Market CommentsDecember 8, 2014Fiat Lux Featured Trade:(FRIDAY APRIL 3 HONOLULU, HAWAII STRATEGY LUNCHEON)(THE NOVEMBER NONFARM PAYROLL REPORT IS A GAME CHANGER),(TLT), (TBT), (SPY), (GLD), (BAC)(THE REAL ESTATE MARKET IN 2030) iShares 20+ Year Treasury Bond (TLT)ProShares UltraShort 20+ Year Treasury (TBT)SPDR S&P 500 ETF (SPY)SPDR Gold Shares (GLD)Bank of America Corporation (BAC)
Finally, the economy is starting to deliver the blockbuster numbers that I have been predicting all year. The 321,000 gain in the November nonfarm payroll on Friday wasn?t just good, they were fantastic, truly of boom time proportions. It was the best report in nearly three years. The headline unemployment rate stayed at 5.8%, a
?It?s basically evil, and I don?t think it should ever be allowed to reach the size that it did. Why should everyone pay a small group of people to basically engage in legalized front running of our orders,? said Berkshire Hathaway Vice Chairman, Charlie Munger, about high frequency trading. ?
Global Market CommentsDecember 5, 2014Fiat Lux Featured Trade:(CHICAGO TUESDAY, DECEMBER 23 GLOBAL STRAGEGY LUNCHEON),(HERE IS YOUR BIG NEW YEAR TRADE),(CU), (FCX),(RUNNING THE SAN FRANCISCO BAY TO BREAKERS) First Trust ISE Global Copper ETF (CU)Freeport-McMoRan Inc. (FCX)
When Dr. Copper (CU), the only commodity with a PhD in economics, suddenly collapses from a heart attack, risk takers everywhere have to sit up and take notice. Since the 2011 top, the red metal has collapsed a shocking 40%. It has given back a nausea inducing 10% just in the last two weeks. Will
I suffer earthquakes, forest fires, floods, dubious neighbors, high taxes, corrupt politicians, and a bankrupt state government to live in California. It is all worth it just to run the Bay to Breakers every year, a five mile run from the San Francisco Bay to the Pacific Ocean, which has evolved into the world?s most
Global Market Comments December 4, 2014 Fiat Lux Featured Trade: (THE EIGHT WORST TRADES IN HISTORY)
Global Market CommentsDecember 3, 2014Fiat Lux Featured Trade:(10 REASONS WHY I?M WRONG ON BOND),(TLT), (TBT), (LQD), (MUB), (ELD), (JNK),(A SPECIAL NOTE ON EXERCISED BANK OF AMERICA OPTIONS), (BAC) iShares 20+ Year Treasury Bond (TLT)ProShares UltraShort 20+ Year Treasury (TBT)iShares iBoxx $ Invst Grade Crp Bond (LQD)iShares National AMT-Free Muni Bond (MUB)WisdomTree Emerging Markets Lcl Dbt
This morning, Bank of America paid out a five cent quarterly dividend, which works out to an annualized yield of 1.18% and the shares will open this morning trading ex. For those of you who have wisely followed my Trade Alert to buy the Bank of America (BAC) December, 2014 $15-$16 vertical bull call spread,
Global Market CommentsDecember 2, 2014Fiat Lux Featured Trade:(DECEMBER 3 GLOBAL STRATEGY WEBINAR),(LOADING UP ON LINN ENERGY), (LINE), (USO), (UNG), (XLE),(THE MOST FUNCTIONAL WORD IN THE ENGLISH LANGUAGE) Linn Energy, LLC (LINE)United States Oil ETF (USO)United States Natural Gas ETF (UNG)United States Oil ETF (USO)
You can pay up to $17 a unit for (LINN) and have a good chance of making a quick, snapback profit. All of a sudden, everyone I know in Texas, and there are quite a few of them, called to tell me to buy Linn Energy, all within the space of one hour. I summarize
Passed on by a friend with my apologies in advance: Well, it's?shit... That's right, shit! Shit may just be the most functional word in the English language. You can smoke shit, buy shit, sell shit, lose shit, find shit, forget shit, and tell others to eat shit. Some people know their shit, while others can't
Global Market Comments December 1, 2014 Fiat Lux SPECIAL OIL ISSUE Featured Trade: (CHICAGO TUESDAY, DECEMBER 23 GLOBAL STRATEGY LUNCHEON), (AN IRAN PEACE DEAL AND YOUR PORTFOLIO), (USO), (UNG) United States Oil ETF (USO) United States Natural Gas ETF (UNG)
With the price of oil (USO), (XLE) hitting an eye popping $64 this morning, in the wake of the failed OPEC summit in Vienna, it is clear that something long term, structural, and epochal is going on. But what is it? We mere mortals are blind to it, but the financial markets haven?t the slightest
Global Market Comments November 28, 2014 Fiat Lux Featured Trade: (DECEMBER 3 GLOBAL STRATEGY WEBINAR), (SURVIVING THANKSGIVING)
Global Market Comments November 26, 2014 Fiat Lux SPECIAL SOLAR CITY ISSUE Featured Trade: (LOADING THE BOAT WITH SOLAR CITY), (SCTY), (USO) SolarCity Corporation (SCTY) United States Oil ETF (USO)
In recent weeks, I couldn?t help but notice the green and white vans of Solar City (SCTY) visiting my neighbors. My trader?s radar went up, so I thought there might be an opportunity here. What I found made an intriguing investment opportunity. As a preeminent supplier of solar energy, Solar City is a de facto