Global Market CommentsSeptember 23, 2014Fiat Lux Featured Trade:(DON?T BUY ALIBABA),(BABA), (YHOO), (SFTBY), (AMZN), (EBAY)(A SHORT HISTORY OF HEDGE FUNDS),(A DIFFERENT VIEW OF THE US) Alibaba Group Holding Limited (BABA)Yahoo! Inc. (YHOO)SoftBank Corp. (SFTBY)Amazon.com Inc. (AMZN)eBay Inc. (EBAY)
Global Market Comments September 22, 2014 Fiat Lux Featured Trade: (FRIDAY OCTOBER 24 SAN FRANCISCO STRATEGY LUNCHEON), (WHY I?M CHASING THE EURO), (FXE), (EUO), (SEPTEMBER 24 GLOBAL STRATEGY WEBINAR) CurrencyShares Euro ETF (FXE) ProShares UltraShort Euro (EUO)
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in San Francisco on Friday, October 24, 2014. An excellent meal will be followed by a wide-ranging discussion and an extended question and answer period. I?ll be giving you my up to date view on stocks,
Global Market CommentsSeptember 19, 2014Fiat Lux Featured Trade:(THE DEATH OF GOLD),(GLD), (ABX), (GDX),(THE STRUCTURAL BEAR CASE FOR TREASURY BONDS),(TLT), (TBT) SPDR Gold Shares (GLD)Barrick Gold Corporation (ABX)Market Vectors Gold Miners ETF (GDX)iShares 20+ Year Treasury Bond (TLT)ProShares UltraShort 20+ Year Treasury (TBT)
If you want to delve into the case against the long-term future of US Treasury bonds in all their darkness, consider these arguments. The US has not had a history of excessive debt since the Revolutionary War, except during WWII, when it briefly exceeded 100% of GDP. That abruptly changed in 2001, when George W.
Global Market CommentsSeptember 18, 2014Fiat Lux Featured Trade:(SHE SPEAKS!),(SPY), (FXE), (EUO), (FXY), (YCS), (GLD), (SLV), (TLT), (TBT),(THE RECEPTION THAT THE STARS FELL UPON) SPDR S&P 500 ETF (SPY)CurrencyShares Euro ETF (FXE)ProShares UltraShort Euro (EUO)CurrencyShares Japanese Yen ETF (FXY)ProShares UltraShort Yen (YCS)SPDR Gold Shares (GLD)iShares Silver Trust (SLV)iShares 20+ Year Treasury Bond (TLT)ProShares UltraShort 20+ Year
Like a deer frozen in a car?s onrushing headlights, markets have been comatose awaiting Federal Reserve governor Janet Yellen?s decision on monetary policy and interest rates. Interest rates are unchanged. Quantitative easing gets cut by $15 billion next month, and then goes to zero. Most importantly the key ?considerable period? language stayed in the FOMC
Global Market CommentsSeptember 17, 2014Fiat Lux Featured Trade:(THURSDAY OCTOBER 9 INCLINE VILLAGE, NEVADA STRATEGY LUNCHEON),(WHY I HAVE NO POSITIONS),(TLT), (TBT), (AAPL), (XLE), (XLV),?(IBB), (BIDU), (FXE), (FXY), (YCS),(TAKING A BITE OUT OF STEALTH INFLATION), (SGG), (WEAT) iShares 20+ Year Treasury Bond (TLT)ProShares UltraShort 20+ Year Treasury (TBT)Apple Inc. (AAPL)Energy Select Sector SPDR ETF (XLE)Health Care Select
For the first time in three years, the model trading portfolio of my Trade Alert service has no positions. It is 100% in cash. I took a small profit on my last remaining position on Friday, a long in the ProShares Ultra Short 20+ Year Treasury ETF (TBT), a bet that Treasury bond prices would
Global Market CommentsSeptember 16, 2014Fiat Lux Featured Trade:(THE BULL MARKET IS ALIVE AND WELL),(SPY), (NFLX), (TSLA), (GOOG), (TLT), (BAC),?(JPM), (AAPL), (COP), (OXY), (IBB)(IS THIS THE BIG TRADE OF 2015?),(JJC), (DBA), (CORN), (CU), (USO), (KOL),(TESTIMONIAL) SPDR S&P 500 ETF (SPY)Netflix, Inc. (NFLX)Tesla Motors, Inc. (TSLA)Google Inc. (GOOG)iShares 20+ Year Treasury Bond (TLT)Bank of America Corporation (BAC)JPMorgan
Global Market CommentsSeptember 15, 2014Fiat Lux Featured Trade:(RAILROADS ARE BREAKING OUT ALL OVER),(UNP), (CSX), (NSC), (CP), (ACI),(TESTIMONIAL) Union Pacific Corporation (UNP)CSX Corp. (CSX)Norfolk Southern Corporation (NSC)Canadian Pacific Railway Limited (CP)Arch Coal Inc. (ACI)
Global Market CommentsSeptember 12, 2014Fiat Lux Featured Trade:(MAD HEDGE FUND TRADER TOPS 30% GAIN IN 2014),(AAPL), (SPY), (TLT), (TBT), (FXE), (EUO),(THE BIPOLAR ECONOMY),(AAPL), (IBM), (INTC), (ORCL), (CAT) Apple Inc. (AAPL)SPDR S&P 500 ETF (SPY)iShares 20+ Year Treasury Bond (TLT)ProShares UltraShort 20+ Year Treasury (TBT)CurrencyShares Euro ETF (FXE)ProShares UltraShort Euro (EUO)International Business Machines Corporation (IBM)Intel Corporation
Global Market Comments September 11, 2014 Fiat Lux Featured Trade: (THURSDAY OCTOBER 9 INCLINE VILLAGE, NEVADA STRATEGY LUNCHEON), (IS THE 30-YEAR MORTGAGE AN ENDANGERED SPECIES?), (HANGING OUT WITH THE WOZ), (AAPL), Apple Inc. (AAPL)
Global Market CommentsSeptember 10, 2014Fiat Lux Featured Trade:(FRIDAY OCTOBER 24 SAN FRANCISCO STRATEGY LUNCHEON)(THE BOND CRASH HAS ONLY JUST STARTED),($TNX), (TLT), (TBT) 10 Year Tresury Note Yield INDX ($TNX)iShares 20+ Year Treasury Bond (TLT)ProShares UltraShort 20+ Year Treasury (TBT)
?2014 will be the fifth year of living dangerously,? said Ed Yardeni of Yardeni Research.
Global Market CommentsSeptember 9, 2014Fiat Lux Featured Trade:(SEPTEMBER 10 GLOBAL STRATEGY WEBINAR),(WHY SHAREHOLDER ACTIVISTS HAVE THE UPPER HAND),(JCP), (NFLX), (HLF), (AAPL),(INDIA IS CATCHING UP WITH CHINA),(FXI), (PIN), (INP), (TTM) J. C. Penney Company, Inc. (JCP)Netflix, Inc. (NFLX)Herbalife Ltd. (HLF)Apple Inc. (AAPL)iShares China Large-Cap (FXI)PowerShares India ETF (PIN)iPath MSCI India ETN (INP)Tata Motors Limited (TTM)
?Apple will never be a consumer products company,? said John Sculley, the Apple CEO who fired Steve Jobs in 1985. Today Apple is the world?s largest and most profitable consumer products company.
Global Market Comments September 8, 2014 Fiat Lux Featured Trade: (WELCOME TO MY NEW WEBSITE) (BEWARE THE COMING EQUITY FAMINE), (WHY WATER WILL SOON BE WORTH MORE THAN OIL), (CGW), (PHO), (FIW), (VE), (TTEK), (PNR) Guggenheim S&P Global Water ETF (CGW) PowerShares Water Resources ETF (PHO) First Trust ISE Water ETF (FIW) Veolia Environnement S.A.
So, you thought I was lounging around Europe this summer, sipping Champagne and working on my tan? Well, I confess that I did do some of that. The sad fact is that I spent most of the summer engineering a major, ground up rebuild of my website, and an expansion of our services. By the
The world is about to suffer an acute shortage of equity capital over the next eight years, which could total $12.3 trillion. That is the conclusion of the McKinsey Global Institute, an affiliate of McKinsey &Co., a great well of long-term economic thinking which I have been drawing from for the last 40 years. The
