I have been pounding the table on the attractions of Cheniere Energy (LNG) since last spring. Yesterday, the stock hit a new all time high of $21.50. There is never any guarantee that a government agency will not do something idiotic. Last year it didn?t, thankfully. The Federal Energy Regulatory Commission (FERC) granted the final
I tell people at my strategy luncheons that living in the San Francisco Bay area is like living in the future. There is an explosion of high tech innovation going on here, and we locals often find ourselves the guinea pigs for the latest hot products. However, sometimes the future is not such a great
Global Market Comments January 30, 2013 Fiat Lux SPECIAL HIGH YIELD FOREIGN STOCK ISSUE Featured Trade: (TRADE ALERT SERVICE POSTS FIVE CONSECUTIVE ALL TIME HIGHS). (SPY), (IWM), (FCX), (AIG), (TLT), (FXY), (YCS), (REACH FOR YIELD WITH HIGH DIVIDEND FOREIGN STOCKS), (FTE), (SAN), (BCE), (ECH), (VE), (AWC)
The Trade Alert Service of the Mad Hedge Fund Trader posted a new all time high today, pushing its two-year return up to 72.67%. The Dow average booked a miniscule 13% gain during the same time period. The industry beating record was achieved on the back of a spectacular January, which so far had earned
With the increase of globalization, investing in foreign stocks can be a smart move. Many Americans have low exposure to foreign equities in their portfolio believing that US stocks are safer and more reliable. However, investing in foreign stocks can help to decrease risk, diversify your portfolio, give you access to emerging markets, and deliver
Global Market Comments January 29, 2013 Fiat Lux Featured Trade: (BONDS ARE BREAK DOWN ALL OVER), (TLT), (TBT), (MUB), (LQD), (HCN), (JNK), (AMJ), (REPORT FROM THE INAUGURATION)
It looks like the Great Bond Reallocation of 2013 is real. The Treasury bond market is getting absolutely hammered this morning, the ten-year yield breaching 2.00%. That smashes the 1.40%-1.90% band, which has imprisoned the bond market for the past year. The immediate trigger was the release of absolute blowout December durable goods figures this
I am writing this report from the steps of the Capital Building in Washington DC, scratching my notes on the back of a commemorative program with a golf pencil, absolutely freezing my buns off. I am wearing all the warm clothes I own, including my Marine Corps olive winter weight double knit wool officer?s trousers.
Global Market Comments January 28, 2013 Fiat Lux Featured Trade: (THE RACE TO THE BOTTOM FOR CURRENCIES MEANS A RACE TO THE TOP FOR STOCKS), (SPX), (SPY), (EWG), (DWJ), (FXY), (YCS), (FXE), (RUBBING SHOULDERS WITH ?THE 1%? AT INCLINE VILLAGE)
Even the Old Hands, like myself, are somewhat amazed by the strength of the global equity markets this month. The S&P 500 has risen 11 out of the last 12 trading days, and is up almost every day this month. It has been the best January in 18 years. The first week saw the biggest
If you really want to get a read on how ?the 1%? are faring these days, take a ski vacation to the tony hamlet of Incline Village on the pristine shores of Nevada?s Lake Tahoe. Each morning, I trekked to Starbucks, one of the few local sources for the Wall Street Journal and the New
Global Market Comments January 24, 2013 Fiat Lux Featured Trade: (SPX 1,600, HERE WE COME!), (SPX), (SPY), ($INDU), (TLT), (VIX), (USO) (WHY THE YEN WILL NEVER RECOVER), (FXY), (YCS)
Take a look at the chart below for the S&P 500, and it is clear that we are gunning for an all time high between 1,550 and 1,600. With the debt ceiling crisis now cancelled, you really have to look hard to find any near term reasons to sell stocks, so we could hit those
If anyone is expecting the Japanese yen to take back the losses it has suffered over the last two months, you can forget about it happening anytime soon, eventually, or in your lifetime. Naysayers have been pointing to this week?s policy meeting at the Bank of Japan as proof that the yen has stumbled in
Global Market Comments January 23, 2013 Fiat Lux Featured Trade: (TRADE ALERT SERVICE BLASTS TO NEW ALL TIME HIGH), (SPY), (IWM), (FCX), (AIG), (FXY), (YCS), (TLT) (CATCHING UP WITH DOWNTON ABBEY)
The Trade Alert Service of the Mad Hedge Fund Trader posted a new all time high today, pushing its two-year return up to 66%. The Dow average booked a miniscule 12% gain during the same time period. The industry beating record was achieved on the back of a spectacular January, which so far had earned
I decided to flee the madness in London for a day and visit some old friends in the countryside, the 8th Earl and Countess of Carnarvon. The late 7th Earl was an early investor in my first hedge fund and I have kept in touch with the family ever since. His grandfather, the 5th Earl
Global Market Comments January 22, 2013 Fiat Lux Featured Trades: (THE DEBT CEILING CRISIS IS CANCELLED), (SPY), (IWM), (FCX), (AIG), (FXY), (YCS),(AAPL), (VIX) (JANUARY 23 GLOBAL STRATEGY WEBINAR)
I am sitting here in front of a crackling hot fire at my lakeshore estate in Nevada?s Incline Village. It is a brilliantly clear day, with mallard ducks skimming the surface of Lake Tahoe, and the Canadian geese flying in formation overhead. Snow covered Mount Tallac, some 30 miles to the South, looks so close
Global Market Comments January 18, 2013 Fiat Lux Featured Trades: (ATTENDING MY LAST ELECTRIC NISSAN LEAF RALLY) (SPOILED FOR CHOICE)