Global Market Comments August 27, 2014 Fiat Lux Featured Trade: (WHAT TO DO ABOUT APPLE?), (AAPL), (THE PARTY IS JUST GETTING STARTED WITH THE JAPANESE YEN), (FXY), (YCS), (DXJ) Apple Inc. (AAPL) CurrencyShares Japanese Yen ETF (FXY) ProShares UltraShort Yen (YCS) WisdomTree Japan Hedged Equity ETF (DXJ)
Those who followed my advice to buy Apple a year ago are now drowning in riches (click here for ?Buy Apple on the Dip?). Since the July, 2013 bottom, the shares have risen by a meteoric 92%. It is the largest company in the world once again. As a result, I have heard of my
?Oh, how I despise the yen, let me count the ways.? I?m sure Shakespeare would have come up with a line of iambic pentameter similar to this if he were a foreign exchange trader. I firmly believe that a short position in the yen should be at the core of any hedged portfolio for the
Global Market Comments August 26, 2014 Fiat Lux Featured Trade: (AUGUST 27 GLOBAL STRATEGY WEBINAR), (WHY I?M COVERING SOME EURO SHORTS), (FXE), (EUO), (THAT WAS SOME SHAKER!) CurrencyShares Euro ETF (FXE) ProShares UltraShort Euro (EUO)
We have snatched 92% of the potential profit in the Currency Shares Euro Trust (FXE) September, 2014 $133-$135 in-the-money bear put spread, riding the Euro (FXE) down on the short side, from $1.33 down to $1.30. The risk/reward of continuing with such a large position is no longer justified. So I am going to reduce
Wow! There is nothing like being tossed out of bed at 3:20 AM by a massive earthquake! It really gets the juices flowing. I was really praying that the wooden roof creaking and groaning above was not about to land on my head. After hurriedly getting dressed, I grabbed a flashlight and ran downstairs to
Global Market Comments August 25, 2014 Fiat Lux Featured Trade: (MY END 2014 STOCK MARKET FORECAST), (SPY), (ALL I WANT TO DO IS RETIRE), (TAKE A LOOK AT OCCIDENTAL PETROLEUM), (OXY), (BP), (OIL), (UNG),? (NSANY), (XOM) SPDR S&P 500 (SPY) Occidental Petroleum Corporation (OXY) BP plc (BP) iPath S&P GSCI Crude Oil TR ETN (OIL)
If anyone had any doubts about the future direction of stocks this year, you better take a look at the chart below for the S&P 500. It shows a very convincing trend upward at almost a perfect 45-degree angle going back for the past year. The range is 100 points wide. It?s almost as if
There are a lot of belles at the ball, but you can?t dance with all of them. While a student at UCLA in the early seventies, I took a World Politics course, which required me to pick a country, analyze its economy, and make recommendations for its economic development. I chose Algeria, a country where
Global Market Comments August 22, 2014 Fiat Lux Featured Trade: (AUGUST 27 GLOBAL STRATEGY WEBINAR), (MIXING WITH THE 1% AT THE PEBBLE BEACH CONCOURSE D? ELEGANCE)
Global Market Comments August 21, 2014 Fiat Lux Featured Trade: (WHY US STOCKS ARE DIRT CHEAP), (SPY), (IWM), (QQQ), (TSLA) SPDR S&P 500 (SPY) iShares Russell 2000 (IWM) PowerShares QQQ (QQQ) Tesla Motors, Inc. (TSLA)
Many commentators are warning of a top, a bubble and Armageddon to come in the stock market. There has not been a 10% correction in the indexes since the debt ceiling crisis three years ago. But I think that we are just getting started. Share prices have the rocket fuel for the Dow average to
Global Market Comments August 20, 2014 Fiat Lux Featured Trade: (THE EURO BREAKS DOWN), (FXE), (EUO), (TLT), (APPLE BREAKS $100), (AAPL) CurrencyShares Euro ETF (FXE) ProShares UltraShort Euro (EUO) iShares 20+ Year Treasury Bond (TLT) Apple Inc. (AAPL)
You usually don?t expect US housing data to cause the collapse of a foreign currency. But that is exactly what happened this morning. The announcement by the Census Bureau that new home stats for July came in at a breathtaking 1.09 million, up 15.7%, blew away even the optimistic forecasts. Earlier figures for June were
Since I am in a major patting myself on the back mood, I thought I would rerun a piece I ran last October entitled ?Apple is Ready to Explode?. This is back when the shares were trading at a lowly $490 a share. Since then I have been urging readers to get in on the
Global Market Comments August 19, 2014 Fiat Lux Featured Trade: (WHY WE DON?T CARE ABOUT OIL), (USO), (UNG) (AUSTERITY HITS WALL STREET) (THE TWELVE DAY YEAR) United States Oil (USO) United States Natural Gas (UNG)
This year, your bonus is that you get to keep your job. That is the bad news that will be dished out to many disappointed staff during annual reviews at the major Wall Street firms this year. We all know that volumes have been trading at subterranean levels, which have created a real draught of
Global Market Comments August 18, 2014 Fiat Lux Featured Trade: (MAD HEDGE FUND TRADER SETS NEW ALL TIME HIGH WITH 27% GAIN IN 2014), (SPY), (TLT), (TBT), (FXE), (EUO), (WILL GOLD SUFFER THE FATE OF THE $10,000 BILL?) (GLD), (GDX) SPDR S&P 500 (SPY) iShares 20+ Year Treasury Bond (TLT) ProShares UltraShort 20+ Year Treasury
If you think this letter is being written by someone who is stoned, you?d be at least partially right this morning. For that is the after effect of my attending the Paul McCartney concert at Candlestick Park in San Francisco last night. I was sitting in the infield in the most expensive $1,000 seats, well
Global Market Comments August 15, 2014 Fiat Lux Featured Trade: (BONDS OR STOCKS: WHO?S RIGHT?), (TLT), (TBT), (SPY), (WHO SAYS THERE AREN?T ANY JOBS?), (TESTIMONIAL) iShares 20+ Year Treasury Bond (TLT) ProShares UltraShort 20+ Year Treasury (TBT) SPDR S&P 500 (SPY)