The original purpose of this letter was to build a database of ideas to draw on in the management of my hedge fund. When a certain trade comes into play, I merely type in the symbol, name, currency, or commodity into the search box, and the entire fundamental argument in favor of that position pops
Global Market Comments May 3, 2013 Fiat Lux Featured Trade: (SO I LIED), (TURKEY IS ON THE MENU), (TUR), (TKC) (THE NEW CALIFORNIA GOLD RUSH), (GLD) iShares MSCI Turkey Invest Mkt Index (TUR) Turkcell Iletisim Hizmetleri AS (TKC) SPDR Gold Shares (GLD)
I sit here with my fingertips battered, bruised, and bleeding. My lower back aches, and my shoulders are as tight as a drum. After promising to take it easy for a while because the risk/reward in the market so badly sucks, I knocked out six Trade Alerts in one day. That is on top of
On my way back from Lake Tahoe last weekend I saw that every bend of the American river was dotted with hopeful miners, looking to make a windfall fortune. Weekend hobbyists were there panning away from the banks, while the hardcore pros stood in hip waders balancing portable pumps on truck inner tubes, pouring sand
I am building lists of emerging market ETF?s to snap up during any summer 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 May 2, 2013 Fiat Lux Featured Trade: (SELLING GOLD AGAIN), (GLD), (IS USA, INC. A ?SELL?), (COLUMBIA IS POPPING UP ON MY RADAR), (GXG), (EEM) SPDR Gold Shares (GLD) Global X FTSE Colombia 20 ETF (GXG) iShares MSCI Emerging Markets Index (EEM)
The real shocker today in the Fed?s announcement is that it may increase monetary easing from here. As if we haven?t had enough already, with the US and Japan throwing in a combined $170 billion a month worth of monetary stimulus! More easing means that the America?s central bank thinks the global economy is even
What would happen if I recommended a stock that had no profits, was cash flow negative, and had a net worth of negative $44 trillion? Chances are, you would cancel your subscription, demand a refund, de-friend me from you Facebook account, and delete my email address from your address book. Yet that is precisely what
My current scenario for global equities has them selling off over the summer, then a rebounding led by emerging markets starting sometime in the fall. In that case, you want to start building short lists of high growth countries to pile into, once the turn comes. I would be including Columbia on any such list.
Global Market Comments May 1, 2013 Fiat Lux Featured Trade: (MAY 1 GLOBAL STRATEGY WEBINAR), (OLD TECH?S BIG COMEBACK), (AAPL), (MSFT), (INTC), (HPQ), (XLK), (AMAT), (GET READY FOR YOUR NEXT BIG TAX HIT) Apple Inc. (AAPL) Microsoft Corporation (MSFT) Intel Corporation (INTC) Hewlett-Packard Company (HPQ) Technology Select Sector SPDR (XLK) Applied Materials, Inc. (AMAT)
Apple blew away the bears today with the issuance of $17 billion in bonds, the largest such corporate debt issue in history. Spread over two, five, ten, and 30 years, the deal was oversubscribed by more than 3:1, with $40 billion in demand left unfilled. Foreign investors took down a major part of the deal,
No matter what anyone promises you today, this week, or this year, your taxes are going up. I don?t care if you are still licking your wounds from the January 1 payroll tax rise, or the federal tax hike for millionaires, which in my case took my rate up from 35% to 39.6%. At least
Global Market Comments April 30, 2013 Fiat Lux Featured Trade: (TRADE ALERT SERVICE POSTS TWO YEAR 90% PROFIT), (MAY 8 LAS VEGAS STRATEGY LUNCHEON), (IT?S OFFICIAL: THERE?S NOTHING TO DO), ?(SPY), (TLT), (JNK), (DINNER WITH ELIOT SPITZER) SPDR S&P 500 (SPY) iShares Barclays 20+ Year Treas Bond (TLT) SPDR Barclays High Yield Bond (JNK)
The Trade Alert Service of the Mad Hedge Fund Trader has posted a 90.6% profit since the inception of the service 30 months ago. That compares to a modest 21% return for the Dow average during the same period. This raises the average annualized return for the service to 36.2%, elevating it to the absolute
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Las Vegas, Nevada on Wednesday, May 8, 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
You may have noticed that I am a man who is never short of words. I also rarely am for wont of things to do. This is one of those times. Every morning, I drag myself out of bed early, throw cold water on my face, and drag my sorry ass to my computers, where
I couldn?t for the life of me figure out why New York?s former governor and federal prosecutor, Eliot Spitzer, wanted to invite me to dinner. He wasn?t flogging a book or promoting a movie, and he certainly wasn?t running for office again. But I went anyway, thinking perhaps the notorious ?Client No. 9? might let
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Las Vegas, Nevada on Wednesday, May 8, 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
If I had a nickel for every time that I heard the term ?Sell in May and go away? this year, I could retire. Oops, I already am retired! In any case, I thought that I would dig out the hard numbers and see how true this old trading adage is. It turns out that
Dilbert cartoonist Scott Adams argues that you should invest in companies you hate, because only the most unprincipled and rapacious firms make the greatest profits. Moral bankruptcy is a great leading indicator of success, and the best ones can get you to balance your wallet on the end of your nose and bark like a