Global Market Comments September 19, 2023 Fiat Lux Featured Trade: (OCTOBER 20 LONDON STRATEGY LUNCHEON) (THE TWO CENTURY DOLLAR SHORT), (CNN’S JOHN LEWIS; THE DEATH OF A COLLEAGUE)
I was deeply saddened by the death of my old friend, CNN Asia correspondent, John Lewis, a legend in television journalism. I first met John in Tokyo at the Foreign Correspondents’ Club of Japan back in 1974, when he was a decorated Vietnam vet from Ohio trying to claw his way into TV, bootstrap style.
“We’ve seen the S&P 500 drop 50% twice in the last 15 years. That is the new normal”, said Richard Kang of Emerging Global Advisors.
Global Market Comments September 18, 2023 Fiat Lux Featured Trade: (I’M TAKING OFF FOR UKRAINE TODAY AND I NEED YOUR HELP) (MARKET OUTLOOK FOR THE WEEK AHEAD) (XLK), (TSLA), (GM), (F)
I’m not so worried that the market won’t go up. It really bothers me that stocks are unable to go down. That means you don’t get a flush out of positions that generates the cash needed to finance the next leg up in the bull market. Usually, that happens in the fall because historically that’s
If you speak French and want excitement, call this number,” said a flyer read by my friend and former mentor William Colby during WWII. That was how he was recruited by the OSS, which later became the CIA, once headed by Colby.
Global Market Comments September 15, 2023 Fiat Lux Featured Trade: (FRIDAY, OCTOBER 6 FRANKFURT, GERMANY STRATEGY DINNER) (THERE ARE NO GURUS), (THE PRICE TAG FOR CLEAN COAL), (KOL), (UNG), (PGE), (BTU)
I wanted to get the low down on clean coal (KOL) to see how clean it really is, so I visited some friends at Lawrence Livermore National Laboratory in California. The modern-day descendent of the Atomic Energy Commission, where I had a student job in the early seventies, the leading researcher on laser-induced nuclear fission,
Global Market Comments September 14, 2023 Fiat Lux Featured Trade: (SEPTEMBER 29 ZERMATT SWITZERLAND STRATEGY SEMINAR) (THE BLOCKBUSTER READ IN THE HEDGE FUND COMMUNITY)
Come join me for the Mad Hedge Fund Trader’s Global Strategy Luncheon, which I will be conducting high in the Alps in Zermatt, Switzerland. The event begins at 12:00 noon on Friday, September 29, 2023. A three-course meal will be provided and there will be an open discussion on the crucial issues facing investors today
About a year ago, I received a call from a friend of Tony Robbins, the renown, six foot seven inch motivational speaker. He said he was looking for billionaires to participate in a future project. I answered that I wasn’t a billionaire yet, but that he should call me in a couple of years when
Global Market Comments September 13, 2023 Fiat Lux Featured Trade: (SEPTEMBER 29 ZERMATT SWITZERLAND STRATEGY LUNCHEON) (TRADING DEVOID OF THE THOUGHT PROCESS) (SPY), (INDU), (TLT), (USO) (ON EXECUTING TRADE ALERTS)
From time to time, I receive an email from a subscriber telling me that they are unable to get executions on trade alerts that are as good as the ones I get. There are several possible reasons for this: 1) Markets move, sometimes quite dramatically so. 2) Your Trade Alert email was hung up on
Global Market Comments September 12, 2023 Fiat Lux Featured Trade: (THE GREAT AMERICAN ONSHORING TREND IS ACCELERATING), (GE), (TSLA), (MURRAY SAYLE: THE PASSING OF A GIANT IN JOURNALISM) (THE LAST PEARL HARBOR ARIZONA SURVIVOR)
Onshoring, the return of US manufacturing from abroad, is rapidly gathering pace. It is increasingly playing a crucial part in the unfolding American industrial renaissance. It could well develop into the most important new trend on the global economic scene during the early 21st century. It is also paving the way for a return of
I was saddened to hear of the death of my close friend, the Australian, Murray Sayle, after a long battle with Parkinson's disease at the age of 84. Murray was one of the giants of journalism in the second half of the 20th century. He started by editing the newspaper at University of Sydney, where
Happy Birthday to Lou Conter, a Pearl Harbor survivor and the last crew member of the battleship USS Arizona sunk by Japanese bombs at its Hawaii moorings. He is a member of the Incline Village Nevada Veterans Club. My friend Lou is 102. The bombing of the USS Arizona was the deadliest event of the
“A man who is the master of patience is the master of everything else,” said George Saville, a professional soccer player.
Global Market Comments September 11, 2023 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or THE BIG PULL FORWARD) (AAPL), (UUP), (TSLA), (USO), (BYDDF)
Somehow, the summer got moved this year. For here it is September, and the stock market is behaving like it is only July. July was different from normal as well, going straight up almost every day when it is usually asleep. This year, July acted like May, when you’re supposed to sell and go away.