June 13, 2025 - Quote of the Day
“The bulls have the run of the table here on oil,” said John Kilduff from Again Capital Partners.
Entries by MHFTR
May 19, 2025 - Quote of the Day
"I can calculate the motions of heavenly bodies, but never the madness of crowds," said Sir Isaac Newton, the inventor of calculus and discoverer of Newton's Laws who lost his entire fortune in a 17th century investment scam called "the South Sea Bubble."
May 15, 2025 - Quote of the Day
"The time to worry about the Fed is not when they go from accommodative to neutral, it is when they go from neutral to tight," said Bill Miller, the legendary former chairman and chief investment officer of Legg Mason Capital Management.
May 14, 2025 - Quote of the Day
"Kamikaze missions are rarely successful, least of all for the pilots," said Robert Gibbs, former White House Press Secretary.
How to Gain an Advantage with Parallel Trading
One of the most fascinating things I learned when I first joined the equity trading desk at Morgan Stanley during the early 1980s was how to parallel trade. A customer order would come in to buy a million shares of General Motors (GM), and what did the in-house proprietary trading book do immediately? It loaded
Why The "Underground" Economy is Growing So Fast
There is no doubt that the “underground” economy is growing. No, I’m not talking about violent crime, drug dealing, or prostitution. Those are all largely driven by demographics, which right now are at a low ebb. I’m referring to the portion of the economy that the government can’t see and therefore is not counted in
March 26, 2025 - Quote of the Day
"This is an epic bond bubble that we may have just seen the end of, not only here, but in Europe too," said Peter Boockvar, chief investment officer at Bleakly Financial Group.
March 18, 2025 - Quote of the Day
"A fool learns from experience. A wise man learns from the experience of others," said Otto von Bismarck, the first Chancellor of Modern Germany.
The League of Extraordinary Traders
I never cease to be impressed with the readers of this newsletter. I was reminded of this once again in Salt Lake City, Utah a few weeks ago. Readers seem to fall into three categories. 1) Entrepreneurs whose businesses become so successful that they are throwing off plenty of excess cash to invest. This led
February 13, 2025 - Quote of the Day
“Lower yields, for longer, and lingering. I don’t think we’re going to get to an end for some period of time. The money that has been pumped into the system is going to keep equities high,” said Mark Grant, managing director of Hilltop Securities.