SOCIALISM -You have 2 cows. You give one to your neighbor. COMMUNISM -You have 2 cows. The State takes both and gives you some milk. FASCISM -You have 2 cows. The State takes both and sells you some milk. NAZISM -You have 2 cows. The State takes both and shoots you. BUREAUCRATISM -You have 2
Will the person who bought Tesla shares (TSLA) on my recommendation last year at $30 please email me? I was traveling in Europe over the summer and lost your email address. I would like to get a testimonial from you. The stock hit $173.70 today, and is up 580% from your cost, making it the
Long-term readers of this letter are well aware of my antipathy towards General Motors (GM). For decades, the company turned a deaf ear to customer complaints about shoddy, uncompetitive products, arcane management practices, entitled dealers, and a totally inward looking view of the world that was rapidly globalizing. It was like watching a close friend
Global Market Comments September 3, 2013 Fiat Lux Featured Trade: (AN EVENING WITH ?GOVERNMENT MOTORS?), (GM), (WHY BEN BERNANKE HATES ME) General Motors Company (GM)
I don?t just think he hates me. He truly despises me. In fact, he does everything he can to put me out of business. Take the taper, for example. If I am right and he doesn?t end quantitative easing, then my model-trading portfolio goes through the roof. If he does, it will crater. Many other
Global Market Comments August 30, 2013 Fiat Lux Featured Trade: (WHY I?M DOUBLING MY YEN SHORT), (FXY), (YCS), (GET READY FOR THE NEXT GOLDEN AGE) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS)
The summer us coming to a close this weekend, and the longer term, fundamentally driven trends that have been sunning themselves at the beach are about to reassert themselves. The sideways churning moves on low volume that started as early as March are about to come to an end. Therefore, it is time to bulk
I believe that the global economy is setting up for a new golden age reminiscent of the one the United States enjoyed during the 1950?s, and which I still remember fondly. This is not some pie in the sky prediction. It simply assumes a continuation of existing trends in demographics, technology, politics, and economics. The
Global Market Comments August 29, 2013 Fiat Lux Featured Trade: (BATTLE TESTING YOUR PORTFOLIO), (SPY), (USO), (FXE), (FXY), (YCS), (GLD), (SLV), (TLT), (THE COST OF CLEAN COAL), (KOL), (WHO IS BEN BERNANKE?) SPDR S&P 500 (SPY) United States Oil (USO) CurrencyShares Euro Trust (FXE) CurrencyShares Japanese Yen Trust (FXY) ProShares UltraShort Yen (YCS) SPDR Gold
The great thing about the sudden $5 pop is the price of oil since Monday is that it battle tests your portfolio. You really don't know what you own and the risks it entails until something like this comes along. I'll explain why. For a start, you get a very clear idea of which of
I wanted to get the low down on clean coal (KOL) to see how clean it really is, so I visited some friends at Lawrence Livermore National Laboratory. The modern day descendent of the Atomic Energy Commission, where I had a student job in the seventies, the leading researcher on laser induced nuclear fission, and
Since nothing less than the fate of the free world depends on the judgment of Ben Bernanke these days, I thought I?d touch base with David Wessel, the Wall Street Journal economics editor, who has just published In Fed We Trust: Ben Bernanke?s War on the Great Panic. I doubted David could tell me anything
Global Market Comments August 28, 2013 Fiat Lux Featured Trade: (OIL SPIKE SENDS TRADERS SCRAMBLING), (USO), (GLD), (ORDER EXECUTION 101), (THE GREAT COPPER CRASH OF 2013), (CU), (FCX) United States Oil (USO) SPDR Gold Shares (GLD) First Trust ISE Global Copper Index (CU) Freeport-McMoRan Copper & Gold Inc. (FCX)
Wow! That was some speech! Secretary of State, John Kerry, was certainly rattling the saber last night when he laid out the irrefutable evidence confirming the use of chemical weapons in Syria. Defense Secretary, Chuck Hagel, then upped the ante by asserting that US military forces are ?ready to go.? Oil (USO) hit a two
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 35%. So called because of its uncanny ability to predict the future of the global economy,
Global Market Comments August 27, 2013 Fiat Lux Featured Trade: (THE TECHNICAL/FUNDAMENTAL TUG OF WAR), (SPY), (INDU), (IWM), (AND MY PREDICTION IS?.), (TESTIMONIAL), (THERE ARE NO GURUS) SPDR S&P 500 (SPY) Dow Jones Industrial Average (INDU) iShares Russell 2000 Index (IWM)
For the last few weeks, I have had two groups of analysts screaming in my ears. Fundamental researchers are asserting that at $105 per share in earnings, generating a price earnings multiple of 15, stocks are at the historic middle of a 10-22 range. Q2 earnings are over, and modestly outperformed on the upside, although
Global Market Comments August 26, 2013 Fiat Lux Featured Trade: (RIDING WITH TREASURY SECRETARY JACK LEW)
I was perusing my morning email in Zermatt a few weeks ago, and spotted the familiar White House address with the .gov ending. Would I be interested in meeting with the new Treasury Secretary, Jack Lew? It was just what I needed to lure me out of my Alpine lair back to the USA. I
Global Market Comments August 23, 2013 Fiat Lux Featured Trade: (HOW US JOB LOSSES WILL END), ?(FXI), (PIN), (EWY), (VNM), (OPTIONS FOR THE BEGINNER) (BRING BACK THE UPTICK RULE!) iShares China Large-Cap (FXI) PowerShares India (PIN) iShares MSCI South Korea Capped (EWY) Market Vectors Vietnam ETF (VNM)