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
Global Market Comments April 3, 2013 Fiat Lux Featured Trade: (APRIL 19 CHICAGO STRATEGY LUNCHEON), (PULLING THE RIPCORD ON UNITED), (UAL), (EASTER AT INCLINE VILLAGE) United Continental Holdings, Inc. (UAL)
Come join me for lunch for the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Chicago on Friday, April 19. 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 stocks, bonds, foreign
Delta announces that revenues grew by only 2% in the last quarter, so of course, they trash United Continental Group (UAL), taking it down 11% from the recent high.? As a former pilot myself, I always allow an extra safety margin separating me from a catastrophic event. This time it came in handy, my deep
It has definitely been a tough year for ski bums, massage therapists, and black jack dealers at Incline Village, Nevada. After getting a prodigious eight feet of snow over one weekend at Christmas, there has been nary a flake since then. Hats off to the Diamond Peak ski resort for trucking down enough snow from
Global Market Comments April 2, 2013 Fiat Lux Featured Trade: (APRIL 12 SAN FRANCISCO STRATEGY LUNCHEON), (THE US DOMINANCE IN HIGHER EDUCATION), (AN EVENING WITH JAMES BAKER III), (THE CORN CRASH CONTINUES), (CORN), (WEAT), (SOYB), (DBA) Teucrium Corn (CORN) Teucrium Wheat (WEAT) Teucrium Soybean (SOYB) PowerShares DB Agriculture (DBA)
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, April 12, 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 spent the weekend attending a graduation in Washington State, a stone?s throw from where the 2010 Winter Olympics were held. While sitting through the tedious reading of 550 names, and listening to the wailing bagpipes, I did several calculations on the back of the commencement program. I came to some startling conclusions. Higher education
?We have 3,500 nuclear weapons left over from the cold war we don?t need, they take 20 seconds to re-aim, we?re not afraid to use them. And by the way, they?re already aimed at you.? That is the approach James Baker III thinks America should take with Iran, Ronald Reagan?s Chief of Staff and Secretary
Pit traders of the ags are bruised, battered, and broken, in the wake of Thursday?s US Department of Agriculture crop report showing that there is a whole lot more food out there than anyone imagined possible. Corn was the real shocker. It has long been a nostrum in the ag markets that high prices cure
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
Global Market Comments April 1, 2013 Fiat Lux Featured Trade: (GET READY FOR THE NEXT GOLDEN AGE)
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 March 28, 2013 Fiat Lux Featured Trade: (APRIL 3 GLOBAL STRATEGY WEBINAR), (APRIL 19 CHICAGO STRATEGY LUNCHEON), (REAL ESTATE BIDDING WARS GO NATIONAL), (LEN), (KBH), (PHM) Lennar Corp. (LEN) KB Home (KBH) PulteGroup, Inc. (PHM)
Come join me for lunch for the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Chicago on Friday, April 19. 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 stocks, bonds, foreign
Two years ago, there was an open house listed in the San Francisco Chronicle in my neighborhood for $1.8 million. It offered a cavernous 6,000 square feet, five bedrooms, a generous den I could use as a home office, a gourmet kitchen, and a spectacular view of the entire bay area. It was a slow
Global Market Comments March 27, 2013 Fiat Lux Featured Trade: (APRIL 12 SAN FRANCISCO STRATEGY LUNCHEON), (WHY WARREN BUFFETT HATES GOLD), ?(GLD), (GDX), (ABX), (US HEADED TOWARDS ENERGY INDEPENDENCE), (USO), (UNG), (XOM), (OXY), (KOL), (A TOUCHDOWN FOR USC) SPDR Gold Shares (GLD) Market Vectors Gold Miners ETF (GDX) Barrick Gold Corporation (ABX) United States Oil
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, April 12, 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,
The 'Oracle of Omaha' expounded at length today on why he despises the barbarous relic. The sage doesn't really care about the yellow metal, whatever the price. He sees it primarily as a bet on fear. If investors are more afraid in a year than they are today, then you make money. If they aren't,
My inbox was clogged with responses to my recent prediction of US energy independence. This will be the most important change to the global economy for the next 20 years. So I shall go into more depth. The energy research house, Raymond James, put out an estimate that domestic American oil production (USO) would rise