A few years ago, I went to a charity fund raiser at San Francisco?s priciest jewelry store, Shreve & Co., where the well-heeled men bid for dates with the local high society beauties, dripping in diamonds and Channel No. 5. Well fueled with champagne, I jumped into a spirited bidding war over one of the
ETF?s are much more attractive than mutual fund competitors, with their notoriously bloated expenses and spendthrift marketing costs. You can?t miss those glitzy, overproduced, big budget ads on TV for a multitude of mutual fund families. You know, the ones with the senior couple holding hands walking down the beach into the sunset, the raging
Global Market Comments March 18, 2013 Fiat Lux Featured Trade: (MARCH 20 GLOBAL STRATEGY WEBINAR), (HAS APPLE BOTTOMED?), (AAPL), (TESTIMONIAL), (SOVEREIGN DEBT WAS A GREAT PLACE TO HIDE), ?(PCY), (LQD) Apple Inc. (AAPL) PowerShares Emerging Mkts Sovereign Debt (PCY) iShares iBoxx $ Invest Grade Corp Bond (LQD)
No one has suffered more than I from my slavish devotion to Apple?s products, its performance, and, oops?. it?s stock. A long position in Steve Jobs? creation remains my only losing position of 2013 (remember the January $525-$575 call spread?). Without the hit I took on that, my Trade Alert Service would be up 33.3%
I am constantly asked where to find safe places to park cash by investors understandably unhappy with the risk/reward currently offered by the markets. Any reach for yield now carries substantial principal risk, the kind we saw, oh say, in the summer of 2007. I have had great luck steering people into the Invesco PowerShares
Global Market Comments March 15, 2013 Fiat Lux Featured Trade: (TAKING PROFITS ON STOCKS), (SPY), (TAKING A BITE OUT OF STEALTH INFLATION), (TESTIMONIAL) SPDR S&P 500 (SPY)
With the (SPY) approaching an all time high, there are just a few pennies to go, I am going to take the money and run on my position in the SPDR S&P 500 (SPY) April, 2013 $145-$150 deep in-the-money bull call spread. At $4.97, there is only 3 cents left in potential profit, and I
When I visited the local Safeway over the weekend, I was snared by some uniformed pre-teens, backed by beaming mothers behind a card table selling Girl Scout cookies. I was a pushover. I walked away with a bag of Thin Mints, Lemon Chalet Creams, Do-Si-Dos, and Tagalongs. I have to confess a lifetime addiction to
Global Market Comments March 14, 2013 Fiat Lux Featured Trade: (2013 STRATEGY LUNCHEON SCHEDULE), (THE ELTON JOHN MARKET), (SPY), (RAMPANT WAGE INFLATION STRIKES CHINA), (FXI), (CYB) SPDR S&P 500 (SPY) iShares FTSE China 25 Index Fund (FXI) WisdomTree Chinese Yuan (CYB)
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy Luncheons, which I will be conducting throughout the US and Europe over the next five months. 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
I remember 1997 like it was yesterday. Bill Clinton was president, the US government was running a balanced budget, and the Dotcom IPO bubble parties in Silicon Valley were happening almost every day. The Florida Marlins beat the Cleveland Indians in a seven game World Series, where the last game went to a heart stopping
I rely on hundreds of 'moles' around the world whose job it is to watch a single, but important indicator for the world economy. One of them checks for me the want ads in the manufacturing mega city of Shenzhen, China, and what he told me last week was alarming. Wage demands by Chinese workers
Global Market Comments March 13, 2013 Fiat Lux Featured Trade: (APRIL 12 SAN FRANCISCO STRATEGY LUNCHEON), (BLACK SWANS ARE CIRCLING), (SPX), (A COW BASED ECONOMICS LESSON) S&P 500 Large Cap Index (SPX)
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,
Basking in the glow of my 31% gain so far this year, I have to start wondering what could go wrong. Call me a pessimist, a paranoid, and worrywart, but whenever things got this good in the past, they were about to turn very bad. It is not my intention to ruin your day. But
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
Global Market Comments March 12, 2013 Fiat Lux Featured Trade: (TRADE ALERT SERVICE ROCKETS TO 30% GAIN IN 2013), (SPY), (IWM), (F), (AIG), (FCX), (FXY), (YCS), ?(FXB), (FXE), (EUO), (VIX) (LOAD THE BOAT WITH THE CHINESE YUAN), (CYB), (HOW TO AVOID THE PONZI SCHEME TRAP), (TESTIMONIAL) SPDR S&P 500 (SPY) iShares Russell 2000 Index (IWM)
The Trade Alert Service of the Mad Hedge Fund Trader has posted a 30.64% profit year to date, taking it to another new all time high. The 27-month total return has punched through to an awesome 86%, compared to a miserable 10% return for the Dow average during the same period. That raises the average
Any doubts that the Chinese Yuan is a huge screaming buy should have been dispelled when news came out that China had displaced Germany as the world?s largest exporter. The Middle Kingdom shipped $1.9 trillion in goods in 2012, compared to only $1.4 trillion for Deutschland. The US has not held the top spot since
I spent a sad and depressing, but highly instructional evening with Dr. Stephen Greenspan, who had lost most of his personal fortune with Bernie Madoff. The University of Connecticut psychology professor had poured the bulk of his savings into Sandra Mansky's Tremont feeder fund; receiving convincing trade confirms and rock solid custody statements from the