Global Market Comments September 30, 2013 Fiat Lux Featured Trade: (NOVEMBER 1 SAN FRANCISCO STRATEGY LUNCHEON), (HAVE CALM WATERS RETURNED FOR SHIPPING STOCKS?), ($BDI), (DRYS), (SEA), (GNK), (RIO), (BHP), (KOL), (FXA), (EWA) Baltic Exchange Dry Index ($BDI) DryShips, Inc. (DRYS) Claymore/Delta Global Shipping (SEA) Genco Shipping & Trading Ltd. (GNK) Rio Tinto plc (RIO) BHP
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, November 1, 2013. 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,
Traders are stunned by the performance of the shipping stocks this month, which have been far and away a top market performer. The big questions they are now asking are ?Is it real?? and ?Is it sustainable?? This sector has been down for so long that most investors left it for dead a long time
Global Market Comments September 27, 2013 Fiat Lux Featured Trade: (GOING BACK INTO JAPAN), (DXJ), ($NIKK), (FXY), (YCS), (BE CAREFUL, YOUR PC IS WATCHING) WisdomTree Japan Hedged Equity (DXJ) Nikkei Index ($NIKK) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS)
The smart people I know believe that prime minister Shinzo Abe?s plans to revive the Japanese economy will succeed, paving the way for a decade long bull market that will take the Nikkei Index ($NIKK) up to new highs. The dumb people I know argue vociferously and passionately that Abe will fail miserably, and that
Hey! You there, staring at this monitor. This is your PC talking to you. No, not you over there standing in the background. I?m talking to the guy sitting in front of me poking at my keys. Ouch! That one hurt! So you thought no one was watching, did you? Let me set you straight.
Global Market Comments September 26, 2013 Fiat Lux Featured Trade: (THE GOVERNMENT THAT CRIED WOLF), (BREAKFAST WITH BOONE PICKENS)
Treasury Secretary, Jack Lew, is warning us that the government will run out of money on Monday. Maybe, by rearranging the deck chairs on the Titanic, he can continue crucial payments, like Social Security and veterans benefits, through October 16. After that, we are officially broke. Bills for what the government has already spent will
Reformed oil man, repenting sinner, and borne again environmentalist, T. Boone Pickens, Jr. says that ?When we turn the US green, it will have the best economy ever.? I met the spry, homespun billionaire at San Francisco?s Mark Hopkins on a leg of his self-financed national campaign to get America to kick its dangerous dependence
Global Market Comments September 25, 2013 Fiat Lux Featured Trade: (MAD HEDGE FUND TRADER HITS THREE YEAR 100% GAIN), (JOIN THE INVEST LIKE A MONSTER SAN FRANCISCO TRADING CONFERENCE), (WHY I?M BUYING THE TREASURY BOND MARKET), (TLT), (TBT) iShares Barclays 20+ Year Treas Bond (TLT) ProShares UltraShort 20+ Year Treasury (TBT)
I am pleased to announce that I will be participating in the Invest Like a Monster Trading Conference in San Francisco during October 25-26. The two-day event brings together experts from across the financial landscape who will improve your understanding of markets by a quantum leap and measurably boost your own personal trading performance. Tickets
The Fed?s decision not to taper, and therefore keep interest rates lower for longer, gave a great flashing green light to the bond market. It has been off to the races ever since, with the iShares Barclays 20+ Year Treasury Bond Fund (TLT) blasting through resistance this morning to new two month high. As this
Global Market Comments September 24, 2013 Fiat Lux Featured Trade: (APPLE?S BLOWOUT NUMBERS SEND BEARS SCAMPERING), (AAPL), (QCOM), (CHL), (SSNLF), (MSFT), (GOOG), (EXPIRATION OF MY YEN BEAR PUT SPREAD), (MY PERSONAL LEADING ECONOMIC INDICATOR), (NOTICE TO MILITARY SUBSCRIBERS) Apple Inc. (AAPL) QUALCOMM Incorporated (QCOM) China Mobile Limited (CHL) Samsung Electronics Co. Ltd. (SSNLF) Microsoft Corporation
Apple?s (AAPL) report this morning that it sold a stunning 9 million model 5s and 5c iPhones has bowled over even the company?s most optimistic cheerleaders and sent the bears running. The consensus estimate had been only for 5 million units. At the opening highs, shares were up $30 to $497, well above the $468
Add this one to the ?WIN? column. I strapped on this position because I believed that the world was adding risk, expecting major bull moves, once it becomes clear that the multiple disasters now threatening the world don?t actually happen. The list includes war with Syria, the taper, the Bernanke replacement, the debt ceiling crisis,
One of the joys of having small children is that you get to know the guy at the local plumbing supply shop really well. It?s amazing what will fit down a toilet these days. He once told me that when Troll Dolls hit the market, every plumber in the country was guaranteed a job for
To the dozens of subscribers in Iraq, Afghanistan, and the surrounding ships at sea, thank you for your service! I think it is very wise to use your free time to read my letter and learn about financial markets in preparation for an entry into the financial services when you cash out. Nobody is going
Global Market Comments September 23, 2013 Fiat Lux Featured Trade: (NOVEMBER 1 SAN FRANCISCO STRATEGY LUNCHEON), (TAKE A LOOK AT OCCIDENTAL PETROLEUM), (OXY), ($WTIC), (USO), (TESTIMONIAL) Occidental Petroleum Corporation (OXY) Light Crude Oil ($WTIC) United States Oil (USO)
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, November 1, 2013. 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,
I have kept oil companies in my long term model portfolio for many years now. But 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 class, which required me to pick a country,