After the market closes every night, I usually don a 60 pound backpack and climb the 2,000 foot mountain in my back yard. To pass the time, I listen to audio books on financial and historical topics, about 200 a year (I?ve really got President Grover Cleveland nailed!). That?s if the howling packs of coyotes
Global Market CommentsDecember 16, 2014Fiat Lux Featured Trade:(DECEMBER 17 GLOBAL STRATEGY WEBINAR),(END OF THE COMMODITY SUPERCYCLE),(LINE), (SLV), (PPLT), (PALL), (CU), (BHP), (USO),(CORN), (WEAT), (SOYB), (DBA), (RSX) Linn Energy, LLC (LINE)iShares Silver Trust (SLV)ETFS Physical Platinum (PPLT)ETFS Physical Palladium (PALL)First Trust ISE Global Copper ETF (CU)BHP Billiton Limited (BHP)United States Oil ETF (USO)Teucrium Corn ETF (CORN)Teucrium
When the Trade Alerts quit working. I stop sending them out. That?s my trading strategy right now. It?s as simple as that. So when I received a dozen emails this morning asking if it is time to double up on Linn Energy (LINE), I shot back ?Not yet!? There is no point until oil puts
Global Market Comments December 15, 2014 Fiat Lux Featured Trade: (A DAY WITH TOM FRIEDMAN OF THE NEW YORK TIMES) (THE BEST FINANCIAL BOOK EVER), (THE NEW COLD WAR)
As I write to you, torrential sheets of rain are pounding the windows of my home. The wind is shaking the building down to the foundation. I?m typing as fast as I can, and praying that the power can stay on long enough for me to finish this piece. And, oh yes, people are cheering.
?You have to be very careful giving up analogue dollars for digital pennies,? said Jeff Zuker, CEO of NBC.
Global Market CommentsDecember 11, 2014Fiat Lux Featured Trade:(OIL GRINCH KO?S CHRISTMAS RALLY),(SPY), (OXY), (XOM), (SCTY), (FSLR), (VSLR), (XLK), (BBH),(TESTIMONIAL),(AN EVENING WITH CONGRESS BARNEY FRANK) SPDR S&P 500 ETF (SPY)Occidental Petroleum Corporation (OXY)Exxon Mobil Corporation (XOM)SolarCity Corporation (SCTY)First Solar, Inc. (FSLR)Vivint Solar, Inc. (VSLR)Technology Select Sector SPDR ETF (XLK)Market Vectors Biotech ETF (BBH)
The continuing collapse in oil prices has finally spilled over into the real world, at its worst knocking 290 points off of the Dow Average yesterday. Traders who grew accustomed to a market that went up like clockwork every day were in for a rude awakening. Is the positive case for equities coming to an
Just want to let you know that I have had some great trades with you this year. I made the most money on (FXE), with (IWM) in second place. (IBM) was in third place - with one trade from you and comments from Jim Parker. I've found that when Jim says a stock has hit
?I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.? said oracle of Omaha, Warren Buffett.
Global Market CommentsDecember 10, 2014Fiat Lux Featured Trade:(UPDATE ON LINN ENERGY), (LINE),(THE MYSTERY OF THE MISSING $100 BILLION), (TLT),(MY FAVORITE SECRET ECONOMIC INDICATOR) Linn Energy, LLC (LINE)iShares 20+ Year Treasury Bond (TLT)
After the catastrophic 25% fall in the units of Linn Energy (LINE) over the past three days, I thought I?d better take another look at the company. The company?s units have now crashed by an eye popping 55% since the May $31 high. The units have been trading as if the company is imminently going
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