The first thing I noticed when Paul walked in was the few extra pounds and silvery tinge to his hair he acquired since I saw him last. He?s clearly spending too much time behind a computer writing those acidic columns for the New York Times. We?re all short dated options in the end, I thought.
Global Market Comments July 15, 2013 Fiat Lux Featured Trade: (AUGUST 1 MYKONOS, GREECE STRATEGY LUNCHEON), (WHAT?S GOING ON WITH THE VIX?), (VIX), (VXX), (CONNECTING UP AMERICA), (THE MYSTERY OF THE BRASHER DOUBLOON), (GLD) VOLATILITY S&P 500 (VIX) iPath S&P 500 VIX ST Futures ETN (VXX) SPDR Gold Shares (GLD)
Come join John Thomas for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting on the Greek island of Mykonos in the Aegean Sea on Thursday, August 1, 2013. A three-course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I?ll be giving
After crawling off the mat at the 12% level, and rising all the way back up to 19%, traders are wondering if the Volatility Index (VIX) is finally coming back to life. Or is this just another dead cat bounce? It wasn?t supposed to work that way. Falling markets should send investors scrambling to buy
Until now, the country?s power grid has been divided into three unconnected, noncompetitive kingdoms (in the spirit of Game of Thrones), making transnational transmission impossible, leading to huge regional mispricing. While California and New York suffered from periodic brown outs and sky high prices, electricity was given away virtually for free in Texas. A group
I?ll never forgot when my friend, Don Kagin, one of the world?s top dealers in rare coins, walked into the gym one day and announced that he made $1 million that morning.? I inquired ?How is that, pray tell?? He told me that he was an investor and technical consultant to a venture hoping to
Global Market Comments July 12, 2013 Fiat Lux Featured Trade: (JULY 16 BERLIN STRATEGY LUNCHEON), (WHEN THE DEMOGRAPHIC HEADWIND BECOMES A TAILWIND), (AN AFTERNOON WITH ACE REPORTER HELEN THOMAS) (STOPPING BY OBAMA?S HOUSE)
Come join John Thomas for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Berlin, Germany, at 12:00 noon on Tuesday, July 16, 2013. A three-course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I?ll be giving you my up to
During my recent quick run through Chicago to visit clients, I couldn?t resist the temptation to stop by President Obama?s house and see how close I could get. Nestled on Greenwood Avenue and 50th street in up and coming Hyde Park, I was thwarted by two concrete crash barriers, 16 cop cars, and army of
Global Market Comments July 11, 2013 Fiat Lux Featured Trade: (JULY 19 FRANKFURT STRATEGY LUNCHEON), (COFFEE WITH DR. ROBERT SHILLER), (INVESTING IN DINOSAUR POOP)
Come join me for lunch for the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Frankfurt, Germany on Friday, July 19, 2013. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I?ll be giving you my up to date view on
The dinosaur bone market has crunched. Once a favorite collectible of high-flying hedge fund managers, the prices of everything from tyrannosaurus rex to brontosaurus fossils have skidded. A recent auction of a triceratops skeleton failed to reach its minimum bid of $1 million. Even prices for fossilized dinosaur excrement, a popular niche market, have gone
Yale professor, Robert Shiller, is the kind of imp like, peripatetic college professor you might expect to find in a Disney movie. Highly animated and jumping from one radical idea to the next it is hard to keep up with his stream of consciousness torrent of economic innovations. After a two-hour barrage, I was so
Global Market Comments July 10, 2013 Fiat Lux Featured Trade: (JULY 12 AMSTERDAM STRATEGY LUNCHEON), (PLEASE USE MY FREE DATA BASE SEARCH), (DRINKS WITH THE PRESIDENT)
Come join John Thomas for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Amsterdam, The Netherlands, on Friday, July 12, 2013. A three-course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I?ll be giving you my up to date view
President Barack Obama certainly arrives at a party like a rock star. Three silver GM Suburban?s flanking an armored black Cadillac limo screech to a halt with lights flashing. All of the roads in the immediate vicinity are closed to traffic. A dozen sunglass bedecked Secret Service agents leap out, immediately scanning the perimeter. The
Global Market Comments July 9, 2013 Fiat Lux Featured Trade: (JULY 16 BERLIN STRATEGY LUNCHEON), (WHO IS BEN BERNANKE?), (KEEP INDONESIA ON YOUR RADAR), (IDX), (WHY WE NEED SIX NEW SAUDI ARABIA?S) (USO), (RIG), (XOM), (OXY) Market Vectors Indonesia Index ETF (IDX) United States Oil (USO) Transocean Ltd. (RIG) Exxon Mobil Corporation (XOM) Occidental Petroleum
Come join John Thomas for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Berlin, Germany, at 12:00 noon on Tuesday, July 16, 2013. A three-course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I?ll be giving you my up to
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
If you are looking for another emerging market to add to your list of things to buy on dips, then take a look at Indonesia (IDX). The world?s largest Muslim country offers a combination that I love, a population with great demographics that is also a major energy and commodities exporter. The archipelago is the