As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price. This is your chance to ?look over? John Thomas? shoulder as he gives you unparalleled insight on major world financial trends BEFORE they happen. Read more
As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price. Read more
While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price. This is your chance to ?look over? John Thomas? shoulder as he gives you unparalleled insight on major world financial trends BEFORE they happen. Read more
While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
Global Market Comments
November 1, 2013
Fiat Lux
Featured Trade:
(COVERING SHORTS IN THE EURO), (FXE), (EUO),
(THE CHIHUAHUA GLUT)
(NOTICE TO MILITARY SUBSCRIBERS),
(TESTIMONIAL)
CurrencyShares Euro Trust (FXE)
ProShares UltraShort Euro (EUO)
This short position has been a total home run of a trade, with the Euro going into freefall when the ink was barely dry on the Trade Alert.
Rumors swept the foreign exchange pits this morning of a potential interest rate cut by the European Central Bank next week, which they really should have done a long time ago. Otherwise, the strong continental currency will strangle a nascent continental recovery.
The Currency Shares Euro Trust (FXE) November, 2013 $138-$141 bear put spread has gapped up an eye popping 11.3% in value in just two days. As a result, we can realize 86% of the potential profit in this morning?s market. There just is not enough blood left in this stone to make it worth holding 11 more trading days.
I am not covering my euro shorts here because I believe it offers great value. Au contraire! The Euro is, in fact, facing major long-term resistance at $1.40. If ECB president Mario Draghi does not cut interest rates next week, then you can expect the Euro to take another run at the highs. Then we?ll visit the trough for another drink on the short side one more time. If Europe doesn?t cut rates sooner, it will certainly be later.
I wish they were all this easy. On to the next one!
Recently, I wrote about the Nevadan wrinkle in the housing crisis where distressed homeowners are letting their horses go wild to make their mortgage payment.
Now neighboring California is facing a Chihuahua glut, where evicted homeowners are handing over their pets to animal shelters. The diminutive Mexican canine enjoyed a boom in popularity in recent years, thanks to movies like Beverly Hills Chihuahua and Legally Blonde.
Celebrities, like Paris Hilton, have also helped promote the breed, flaunting one in front of the paparazzi. Animal shelters in the Land of Fruits and Nuts have been so overwhelmed they have had to ship the ultra cute, but utterly useless animals to pounds as far away as Toronto.
Will the unintended consequences of Greenspan?s low interest policy never end? Give the poor Chihuahua?s a break!
To the dozens of subscribers in Iraq, Afghanistan, and the surrounding ships at sea, thank you for your service!
I think it is very wise to use your free time to read my letter and learn about financial markets in preparation for an entry into the financial services when you cash out. Nobody is going to call you a baby killer and shun you, as they did when I returned from Southeast Asia four decades ago. In fact, many firms on Wall Street give veterans applications first priority, because they know they can get millions of dollars worth of training and discipline for free.
I have but one request. No more subscriptions with .mil addresses, please. The Defense Department, the CIA, the NSA, Homeland Security, and the FBI do not look kindly on newsletters entering the military network, even the investment kind. If you think civilian spam filters are tough, watch out for the military kind! And no, I promise that there are no secret messages embedded with the stock tips. ?BUY? really does mean ?BUY.?
If I did not know the higher ups at these agencies, as well as the Joints Chiefs of Staff, I might be bouncing off the walls in a cell at Guantanamo by now. It also helps that many of the mid level officers at these organizations have made a fortune with their meager government retirement funds following my advice. All I can say is that if the Baghdad Stock Exchange ever become liquid, I?m going to own it.
Where would you guess the greatest concentration of readers The Diary of a Mad Hedge Fund Trader is found? New York? Nope. London? Wrong. Chicago? Not even close. Try a ten mile radius centered on Langley, Virginia, by a large margin. The funny thing is, half of the subscribing names coming in are Russian. I haven?t quite figured that one out yet.
So keep up the good work, and fight the good fight. But please, only subscribe to my letter with personal Gmail or hotmail addresses. That way my life can become a lot more boring. Oh, and by the way, Langley, you?re behind on you bill. Please pay up, pronto, and I don?t want to hear whining about any damn budget cuts!
Semper Fidelis!
I Want My Mad Hedge Fund Trader!
