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 Bank
“You can’t go from Wild Turkey to cold turkey overnight,” said former president of the Dallas Fed Richard Fisher.
Global Market Comments March 13, 2023 Fiat Lux Featured Trade: (THE MAD HEDGE TRADERS & INVESTORS SUMMIT IS ON MARCH 14-16) (MARKET OUTLOOK FOR THE WEEK AHEAD, or WASHED UP ON THE BEACH) (SPY), (TLT), (TSLA), (NVDA), (BRK/B) CLICK HERE to download today's position sheet.
Sometime in the next week, the following headline will cross the wires: “Body of Silicon Valley Bank Risk Manager Washes up on California Beach.” It will be noted that the face was severely bruised, and not from the pounding it took from coastal rocks or some fish. This was no suicide but in many respects,
“You have to keep learning if you want to become a great investor. When the world changes, you must change” said Warren Buffet partner, the 99-year-old Charlie Munger.
Global Market Comments March 10, 2023 Fiat Lux Featured Trade: (THE MAD HEDGE TRADERS & INVESTORS SUMMIT IS ON MARCH 14-16) (MARCH 8 BIWEEKLY STRATEGY WEBINAR Q&A), (SPY), (TLT), (UUP), (FXY), (FXB), (FXE), (FXA), (UNG), (BOIL), (AAPL), (TSLA), (WW), (BHP), (NVDA), (RIVN), (FCX) CLICK HERE to download today's position sheet.
Below please find subscribers’ Q&A for the March 8 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Incline Village, CA. Q: Do you think the US dollar will drop this year? A: Absolutely it will drop; in fact, the drop started in October last year. We’re actually six months into a bear market for
“Warren and I hated railroad stocks for decades, but the world changed and finally the country had four huge railroads of vital importance to the American economy. We were slow to recognize the change, but better late than never,” said Warren Buffet partner, the 99-year-old Charlie Munger.
Global Market Comments March 9, 2023 Fiat Lux Featured Trade: (THE MAD HEDGE TRADERS & INVESTORS SUMMIT IS ON MARCH 14-16) (Trade Alert - (UNG) – BUY LEAPS) CLICK HERE to download today's position sheet.
BUY the United States Natural Gas Fund (UNG) January 2025 $14-$15 deep out-of-the-money vertical Bull Call debit spread LEAPS at $0.25 or best Opening Trade 3-9-2023 expiration date: January 17, 2025 Number of Contracts = 1 contract Natural gas has just given up half of its recent gain today and is now down 14%. Forecasts
“Bull markets do best when you’ve got a wall of worries, what I’m worrying about is nobody is worried anymore,” said super bull Ed Yardeni.
Global Market Comments March 8, 2023 Fiat Lux Featured Trade: (INVESTING IN A STATE SPONSOR OF TERRORISM), (AFK), (GAF), (EZA) CLICK HERE to download today's position sheet.
With the US dollar about to peak out and resume a decade-long plunge, it’s time to think outside the box. How about a country whose leaders have stolen $400 billion in the last decade and have seen 300 foreign workers kidnapped? Another country lost four wars in the last 40 years. Still interested? How about
Global Market Comments March 7, 2023 Fiat Lux Featured Trade: (A NOTE ON ASSIGNED OPTIONS OR OPTIONS CALLED AWAY), (TLT), (TSLA) CLICK HERE to download today's position sheet.
Since we have a hefty 50% weighting in long bond options, it’s time to review how to handle options called away. The higher the yield on a security, the greater the call away risk. With ten-year US Treasury yields now at 4.00%, the call away risk is heightened. Let’s say you call away an option
Global Market Comments March 6, 2023 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or A WEEK WITH JOHN THOMAS) (SPY), (TLT), (TSLA), (NVDA), (WEAT) CLICK HERE to download today's position sheet.
In 1942, after the First Marine Division won the battle of Guadalcanal and my Uncle Mitch won his Medal of Honor, they were shipped to Melbourne, Australia for six months of rest and relaxation. Since their uniforms were in rags and many men were barefoot, they were handed scratchy WWI surplus wool uniforms. That’s all
Global Market Comments March 3, 2023 Fiat Lux Featured Trade: (THURSDAY, JULY 6 NEW YORK STRATEGY LUNCHEON), (DINNER WITH NOBEL PRIZE WINNER JOSEPH STIGLITZ) CLICK HERE to download today's position sheet.
The great thing about interviewing Joseph Stiglitz over dinner is that you don't have to ask any questions. You just turn him on, and he spits out one zinger after another. And he does this in a kibitzing, wizened, grandfatherly manner like one would expect from a character that just walked off the set of
Global Market Comments March 2, 2023 Fiat Lux Featured Trade: (TOUCHING BASE WITH WARREN BUFFET), (BRK/B), (AMEX), (KO), (MS), (TSLA) CLICK HERE to download today's position sheet.