Let me tell you my thinking here. More than 51 million iPhones sold is good enough for me, 3.2 million more than they moved a year ago, and they are more expensive devices. IPads leapt from 22.9 million to 26 million, including the five high end ones I bought. The earnings announcement wasn?t that bad,
Global Market Comments January 28, 2014 Fiat Lux Featured Trade: (FRIDAY FEBRUARY 14 SYDNEY, AUSTRALIA STRATEGY LUNCH), (WHAT THE MARKETS ARE DOING FROM HERE), (SPY), (QQQ), (IWM), (FXY), (TLT), (TBT), (XLF), (XLY), (TURKEY IS ON THE MENU), ?(TUR), (TKC) SPDR S&P 500 (SPY) PowerShares QQQ (QQQ) iShares Russell 2000 (IWM) CurrencyShares Japanese Yen Trust (FXY)
For the last couple of nights, I have left my iPhone logged into the Argentina peso market, one of several troubled currencies igniting the emerging market contagion. Whenever the peso losses another handle to the US dollar, an alarm goes off. That gives me a head start on how American markets will behave the next
I am building lists of emerging market ETF?s to snap up during the current sell off, and Turkey popped up on the menu. The country is only one of two Islamic countries that I consider investment grade, (Indonesia is the other one). The 82 million people of Turkey rank 15th in the world population, and
Global Market Comments January 27, 2014 Fiat Lux Featured Trade: (FEBRUARY 12 AUCKLAND NEW ZEALND STRATEGY LUNCH) (THE PRICE OF STARDOM AT DAVOS), (WILL GOLD COINS SUFFER THE FATE OF THE $10,000 BILL), (GLD), (SIGN UP NOW FOR TEXT MESSAGING OF TRADE ALERTS) SPDR Gold Shares (GLD)
Global Market Comments January 24, 2014 Fiat Lux Featured Trade: (SATURDAY FEBRUARY 22 BRISBANE AUSTRALIA STRATEGY LUNCH) (A FEW THOUGHTS ON TRADING STRATEGY), (SPY), (QQQ), (IWM), (GLD), (GDX), (ABX), (TLT), (TBT), (ANOTHER DINNER WITH ROBERT REICH) SPDR S&P 500 (SPY) PowerShares QQQ (QQQ) iShares Russell 2000 (IWM) SPDR Gold Shares (GLD) Market Vectors Gold Miners
After one of the wildest rides in recent memory, the stock market has ground to a complete halt. So have virtually all other asset classes as well. You can see this in the activity of my Trade Alert service as well. After sending out Alerts as fast as I could write them for the past
I never tire of listening to economics guru, Robert Reich, speak about the economy. He was former Labor Secretary under Bill Clinton, and ran against Mitt Romney for governor of Massachusetts (he lost). He has published 13 books. Oh, and he dated our recent Secretary of State, Hillary Rodham, when they were in law school
Global Market Comments January 23, 2014 Fiat Lux Featured Trade: (THURSDAY FEBRUARY 20 MELBOURNE, AUSTRALIA STRATEGY LUNCH), (AIRLINE STOCKS ARE CLEARED FOR TAKEOFF), (AAL) (UAL), (DAL), (LUV), (TESTIMONIAL) American Airlines Group Inc. (AAL) United Continental Holdings, Inc. (UAL) Delta Air Lines Inc. (DAL) Southwest Airlines Co. (LUV)
When I was a young, clueless investment banker at Morgan Stanley 30 years ago, the head of equity sales took me aside to give me some fatherly advice. Never touch the airlines. The profitability of this industry was totally dependent on fuel costs, interest rates and the state of the economy and management hadn't the
Global Market Comments January 22, 2014 Fiat Lux Featured Trade: (FRIDAY FEBRUARY 14 SYDNEY, AUSTRALIA STRATEGY LUNCH), (WHY THE WORLD HATES THE AUSSIE), (FXA), (EWA), (EWZ), (FXI), (REVISITING CHENIERE ENERGY), (LNG), (USO), (UNG) CurrencyShares Australian Dollar Trust (FXA) iShares MSCI Australia (EWA) iShares MSCI Brazil Capped (EWZ) iShares China Large-Cap (FXI) Cheniere Energy, Inc. (LNG)
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Sydney, Australia at 12:00 noon on Friday, February 14, 2014. An excellent meal will be followed by a wide ranging discussion and a minute question and answer period. I?ll be giving you my up to
Discretion certainly can be the better part of valor. That was the feeling that came over me last weekend when I saw the Australian dollar (FXA) plunge to a new three year low against the buck. I had been mulling over buying the Aussie around the $88 support level for the past couple of months.
Global Market Comments January 21, 2014 Fiat Lux Featured Trade: (FEBRUARY 12 AUCKLAND NEW ZEALND STRATEGY LUNCH), (HOW OBAMACARE WILL BOOST YOUR PORTFOLIO), (XLV), (GILD), (XLS), (XPH), (XBI), (GOOG) Health Care Select Sector SPDR (XLV) Gilead Sciences Inc. (GILD) Exelis Inc. (XLS) SPDR S&P Pharmaceuticals ETF (XPH) SPDR S&P Biotech ETF (XBI) Google Inc. (GOOG)
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Auckland, New Zealand on Wednesday, February 12, 2014. An excellent meal will be followed by a wide-ranging discussion and question-and-answer period. I?ll be giving you my up-to-date view on stocks, bonds, currencies, commodities, precious metals,
Still basking in the glow of 2013?s spectacular 26% gain in the Dow, I sat down on a rock on a high mountain the other day to try and figure out what happened. The last time I saw a move this healthy was back in the nineties, when a perfect trifecta of the internet going
Global Market Comments January 17, 2014 Fiat Lux Featured Trade: (MAD HEDGE FUND TRADER SURGES AHEAD WITH A 5.78% 2014 PROFIT), (SPY), (TLT), (XLK), (XLF), (XLE), (AAPL), (SFTBY), (FXY), (AT&T IS DILAING A WRONG NUMBER), (T), (VZ), (NFLX), (AMZN) SPDR S&P 500 (SPY) iShares 20+ Year Treasury Bond (TLT) Technology Select Sector SPDR (XLK) Financial
The red hot performance of the Mad Hedge Fund Trader?s Trade Alert Service has maintained its blistering pace from last year, picking up another 5.73% profit in the first two trading weeks of 2014. The S&P 500 was down during the same period. Since the beginning of 2013, I am up 73.23%. 2013 closed with
AT&T (T), or Telephone as we used to call it on the floor on the New York Stock Exchange when we hand traded its shares, enjoyed a nice little 50-cent pop yesterday, to $34, only the second day it managed to rise this year. The move comes after a federal appeals court in Washington DC
Global Market Comments January 16, 2014 Fiat Lux Featured Trade: (CASHING IN ON APPLE), (AAPL) (BECOME MY FACEBOOK FRIEND), (OIL ISN?T WHAT IT USED TO BE), (USO), (DIG), (DUG) United States Oil (USO) ProShares Ultra Oil & Gas (DIG) ProShares UltraShort Oil & Gas (DUG)