In view of Federal Reserve Chairman, Ben Bernanke, yesterday: ?it is time to reassess one?s investment strategy. ?The former Princeton professor didn?t give us QE3, he gave us QE3 with a turbocharger, on steroids, with an extra dose of adrenaline. ?He could spend another $1 trillion before all is said and done. ?If ever an
I don?t just think he hates me, he truly despises me. ?In fact, he does everything he can to put me out of business. Take yesterday, for example, when the Federal Reserve Open Market Committee gave me and my views a complete thrashing. ?QE3 was the last thing in the world I was expecting because
?Let all men know how empty and worthless is the power of kings,? said King Cnut, a 10th century ruler of Denmark and England.
The big surprise today was not that the Federal Reserve launched QE3, but the extent of it. ?For a start, they moved the ?low interest rate? target out to mid-2015. ?They left the commitment to bond-buying open-ended. ?The first-year commitment came in at $480 billion, in-line with previous efforts. Reading the statement from the Open
My friends in the gold futures puts have been telling me that the Chinese have emerged as major buyers in recent months. ?Year-to-date imports have reached 458 tonnes, more than four times the amount during the same period last year ? that amounts to $25 billion in real money. ?This is on top of the
?We don?t think the economy is going to be overheating anytime soon,? said Federal Reserve Chairman, Ben Bernanke.
Long-term readers of this letter are well aware of my pleadings with them a couple of years ago to buy Apple (AAPL) stock at $250 with a target of $1,000. Certainly, the 200 readers who work for Apple noticed. ?That was back when the main concern about the company was that Steve Jobs would die
?First, thanks so much for your Global Trading Dispatch Trade Alert service, which is not only a wealth building tool, but offers a comprehensive trading education. ?I sometimes trade your recommendations, and sometimes use your guidance to make more aggressive options and futures plays. ?I especially liked your call on gold (GLD).? It?s working very
Take those predictions, forecasts, and prognostications with so many grains of salt. ?They have a notorious track record for being completely wrong, even when made by the leading experts in their fields. In preparing for my autumn lecture series, I came across these following nuggets and thought I?d share them with you ? There are
?Facebook was being priced as if it were a beautiful woman without a blemish. ?If any kind of blemish appeared, they will kill the stock. ?I?d rather own Google or Apple,? said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors.