August 6, 2012 - Quote of the Day
?People think that Treasury bonds are riskless, but a 100 basis point rise in interest rates leads to an 18% capital loss,? said Andrew Neale, a portfolio manager at Fogel Neale Partners.
Entries by DougD
Trade Alert Service Punches Through to New All Time High
Global Trading Dispatch?s Trade Alert Service posted a new all-time high yesterday, clocking a 50.9% return since inception. The 2012 YTD return is now at 10.71%. That takes the average annualized return up to 30.1%, ranking it among the top five performing hedge funds in the world. Those happy subscribers who bought my service on
Report From Zermatt
My first morning in the Swiss mountain hamlet of Zermatt, home to the Matterhorn, I was awoken by an army platoon outside my door, fully armed with fixed bayonets. No, I was not being arrested for past indiscretions in the idyllic Alpine paradise. My often-inflammatory opinions had not even triggered an international incident worthy of
August 3, 2012 - Quote of the Day
?It?s a bit like looking for gold in a minefield,? said Fidelity International?s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country.
Technology Glitches Fell the Mad Hedge Fund Trader
Many apologies to the hundreds of listeners who were cut short during the broadcast of my biweekly strategy webinar on Wednesday, August 1. Despite the Herculean efforts of the staff, sometimes the technology doesn?t deliver as promised. This was one of those days. For a start, getting the GoToMeeting software to work on an iMac
The Fed Says No QE3
As I expected, the wildly optimistic expectations for further quantitative easing by the Federal Reserve at yesterday?s Open Market Committee meeting were not matched with substance. All we got was a continuation of existing modest programs and some minor tweaking of language. Bernanke only managed to say that, ?further stimulus will be provided as needed.?
August 2, 2012 - Quote of the Day
?The rule of thumb is to do your homework, do your analysis, and don?t give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames,? said Marc Chandler, the global head of currency strategy at Brown Brothers Harriman.
My Solution for Europe
Taking the express train from Paris to Frankfurt, I was playing around with the map function on my iPhone 4s. It was really cool watching the blue dot marking my location zip across the map at 200 miles per hour. When I zoomed in on my location, I realized that I recognized many of the
August 1, 2012 - Quote of the Day
?The consumer in the United States has basically disappeared. There are no jobs, no wage increases, and therefore no spending,? said Bill Gross of bond giant, PIMCO.
Mr. Mario?s Big Bluff
A couple of alleged Tweets, a few rumored phone calls, and what have we got? $2 trillion in new global stock market capitalization in hours. That was the bottom line after the purported communication between the staffs of Germany?s Angela Merkel, France?s Jean Francois Hollande, and ECB president Mario Draghi. But is the creation of