“Most of the ETF’s today are your dad’s Oldsmobile,” said Lee Kranefuss of Source Advisors, about the outdated irrelevance for most equity indexes.
Global Market Comments May 7, 2024 Fiat Lux Featured Trade: (A NOTE ON OPTIONS CALLED AWAY), (GLD), (SLV), (NVDA), (AAPL), (MSFT)
Occasionally, I get a call from Concierge members asking what to do when their short positions options were assigned or called away. The answer was very simple: fall down on your knees and thank your lucky stars. You have just made the maximum possible profit for your position instantly. We have the good fortune to have
“Artificial Intelligence is potentially more dangerous than nukes,” said Andrew McAfee of the MIT Center for Digital Business.
Global Market Comments May 6, 2024 Fiat Lux Featured Trade: (NONE)
While swimming with the hammerhead sharks off a rocky outcrop near the Galapagos Islands in the South Pacific, John Thomas swallowed too much seawater and suffered from too much sun. He collected aloe vera leaves around his house, crushed them, and rubbed the juice over his face. It is now working its magic. Western sun
Global Market Comments May 3, 2024 Fiat Lux Featured Trade: (MAY 1 BIWEEKLY STRATEGY WEBINAR Q&A), (TSLA), (TLT), (GOLD), (GLD), (WPM), (NVDA), (OXY), (XOM)
Below please find subscribers’ Q&A for the May 1 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Silicon Valley. Q: I see the Bank of Japan bought $35 billion in the foreign exchange on the market. What's going on? A: First of all, they didn’t buy dollars, they sold dollars and bought yen. Well,
'The dollar has become a carry trade rag these days. As Rodney Dangerfield would have said, it gets no respect whatsoever,' said Boris Schlossberg of GFT Forex.
Global Market Comments May 2, 2024 Fiat Lux Featured Trade: (THE UNITED STATES OF DEBT) (TLT)
Global Market Comments May 1, 2024 Fiat Lux Featured Trade: (SEVEN REASONS TO BUY CHARLES SCHWAB), (SCHW), (TLT), (GS), (MS), (C), (BAC), (TESTIMONIAL), (TAKING A BITE OUT OF STEALTH INFLATION)
Looking for a financial to add to your tech-heavy portfolio? I think the nimble investor can pick up shares of online broker Charles Schwab (SCHW) and gain an outsized return. That’s assuming that the current correction in the stock market remains in single digits, and doesn’t explode into a full-blown bear market. There are many
Dear John, I loved your trades this year! 10% plus in a day? I’ll take as many of those as you can dream up. And pulling this off in this boring market is incredible. After reading BS and extreme negativity in my other newsletters all day long, you are a breath of fresh air. Keep
When I visited the local fire station in the spring, 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
“There is one peculiarity about mass psychology in that when you are in a bubble, you can't see it. Bubbles are invisible when you are inside the bubble,” said the charming Jim Dines of The Dines Letter.
Global Market Comments April 30, 2024 Fiat Lux Featured Trade: (MAY 8 GALAPAGOS ISLANDS STRATEGY LUNCHEON) SPECIAL AMAZON ISSUE (WHY I’M LOOKING AT AMAZON), (AMZN)
Come join me for lunch for my Global Strategy Luncheon, which I will be conducting in the Galapagos Islands at 12:00 PM on Friday, May 8, 2024. A three-course lunch is included. I’ll be giving you my up-to-date view on stocks, bonds, currencies commodities, precious metals, and real estate. And to keep you in suspense,
At the beginning of 2023, Amazon was universally despised. It shares having dropped by more than half during 2022, the company was believed to be hobbled by rising competition, an out-of-date business model, and an imminent antitrust suit. What a difference 16 months makes. I believe there is a good chance that this creation of
"Forget what you know about buying fair businesses at wonderful prices. Instead, buy wonderful business at fair prices," said Oracle of Omaha, Warren Buffett.
Global Market Comments April 29, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or DIGESTION TIME) (NVDA), (FCX), (META), (MSFT), (TLT), (TSLA), (AAPL), (VISA), (FCX), (COPX), (GOOGL), (A TRIP TO CUBA)