September 10, 2012 - Quote of the Day
?Over the next several years, you will be shocked and surprised at the strength of the emerging Chinese consumer,? said Stephen Roach, the former Chairman of Morgan Stanley Asia.
Entries by DougD
Trading 101.
A number of readers have asked me why I?m not trading now. Since I put out my calls to sell Treasury bonds in August (click here for ?The Great Treasury Bond Crash of 2010? ), and buy US stocks in September (click here for ?My Equity Scenario for the Rest of 2010? ), I have
The New California Gold Rush.
The gold rush is back on in California. On my way back from Lake Tahoe recently, I saw that every bend of the American river was dotted with hopeful amateur miners, looking to make a windfall fortune. Weekend hobbyists were there panning away from the banks, while the hardcore pros stood in hip waders balancing
The Best Financial Book Ever.
I have just finished reading the best financial book ever, and I have read most of them. It is The Ascent of Money: A Financial History of the World by Harvard professor Niall Ferguson. It gives you a great explanation of how the broad sweep of history delivered us to the doorstep of today?s crisis.
September 6, 2012 - Quote of the Day
?The most expensive advice that you will ever get is to be told at a market top that ?This time it?s different,? said Harvard economics professor Kenneth Rogoff
I Can?t Wait Until September 12.
Those who have been dying of boredom during August -- the lowest volume, tightest ranging month in many years -- may be about to get their respite. September 12 (or Wednesday next week) offers a potential cornucopia of either fantastically good or terribly bad news, and maybe both. Let me give you a program of
Quit Singing ?Waltzing Matilda? in the Shower. Trade Alert:
Sell Short the Currency Shares Australian Dollar Trust October, 2012 (FXA) $105-$108 call spread at $0.35 or best Opening Trade 9-4-2012 ? 2:00 PM EST expiration date: October 19, 2012 Portfolio weighting: 10% = 45 contracts on a net delta adjusted basis This is a bet that the Currency Shares Australian Dollar Trust October, 2012
Here Comes the Next Peace Dividend.
When communications between intelligence agencies suddenly spike, as has recently been the case, I sit up and take note. Hey, you don't think I talk to all of those generals because I like their snappy uniforms, do you? The word is that the despotic, authoritarian regime in Syria is on the verge of collapse, and
September 4, 2012 - Quote of the Day
?For the third year in a row, high oil prices have slowed down the general economy, because disposable income is lost to high gasoline prices,? said John Hofmeister, former CEO of Shell Oil.
Business is Booming at Ruff Times
Following Howard Ruff for the last 35 years has always been eye opening, if not entertaining. The irascible Mormon is the publisher of Ruff Times ( http://www.rufftimes.com? ), one of the oldest investment letters in the business, and one of the original worshipers of hard assets. The great thing about the end of the world