Global Market Comments
June 27, 2014
Fiat Lux
Featured Trade:
(DON?T MISS THE JULY 2 GLOBAL STRATEGY WEBINAR)
(JULY 24 ZERMATT, SWITZERLAND GLOBAL STRATEGY SEMINAR)
(THE TWO CENTURY DOLLAR SHORT),
(CNN?S JOHN LEWIS; THE DEATH OF A COLLEAGUE)
Global Market Comments
June 27, 2014
Fiat Lux
Featured Trade:
(DON?T MISS THE JULY 2 GLOBAL STRATEGY WEBINAR)
(JULY 24 ZERMATT, SWITZERLAND GLOBAL STRATEGY SEMINAR)
(THE TWO CENTURY DOLLAR SHORT),
(CNN?S JOHN LEWIS; THE DEATH OF A COLLEAGUE)
Global Market Comments
June 26, 2014
Fiat Lux
Featured Trade:
(JULY 11 SARDINIA, ITALY STRATEGY LUNCHEON),
(MY BRIEFING FROM THE JOINT CHIEFS OF STAFF), (XLK),
(WHY THE JGB MARKET MAY BE READY TO COLLAPSE),
(FXY), (DXJ), (EWJ)
Technology Select Sector SPDR ETF (XLK)
CurrencyShares Japanese Yen Trust (FXY)
WisdomTree Japan Hedged Equity (DXJ)
iShares MSCI Japan (EWJ)
Global Market Comments
June 25, 2014
Fiat Lux
Featured Trade:
(JULY 7 ROME, ITALY STRATEGY LUNCHEON)
(WHERE THE ECONOMIST BIG MAC INDEX FINDS CURRENCY VALUE),
(FXF), (FXE), (FXA), (FXE), (CYB)
(THE FALLING MARKET FOR KIDS),
(HOLLYWOOD CASHES IN ON WALL STREET TROUBLES)
CurrencyShares Swiss Franc Trust (FXF)
CurrencyShares Euro Trust (FXE)
CurrencyShares Australian Dollar Trust (FXA)
CurrencyShares Euro Trust (FXE)
WisdomTree Chinese Yuan Strategy ETF (CYB)
My former employer, The Economist, once the ever tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its ?Big Mac? index of international currency valuations.
Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly accurate predictor of future economic success. The index counts the cost of McDonald?s (MCD) premium sandwich around the world, ranging from $7.20 in Norway to $1.78 in Argentina, and comes up with a measure of currency under and over valuation.
What are its conclusions today? The Swiss franc (FXF), the Brazilian real, and the Euro (FXE) are overvalued, while the Hong Kong dollar, the Chinese Yuan (CYB), and the Thai Baht are cheap. I couldn?t agree more with many of these conclusions. It?s as if the august weekly publication was tapping The Diary of the Mad Hedge Fund Trader for ideas. I am no longer the frequent consumer of Big Macs that I once was, as my metabolism has slowed to such an extent that in eating one, you might as well tape it to my ass. Better to use it as an economic forecasting tool, than a speedy lunch.
Global Market Comments
June 24, 2014
Fiat Lux
Featured Trade:
(LAST CHANCE TO ATTEND THE JUNE 26 ISTANBUL, TURKEY STRATEGY LUNCHEON),
(THE BEST FINANCIAL BOOK EVER),
(A DAY WITH TOM FRIEDMAN OF THE NEW YORK TIMES)
Global Market Comments
June 23, 2014
Fiat Lux
Featured Trade:
(JULY 24 ZERMATT, SWITZERLAND GLOBAL STRATEGY SEMINAR),
(THE NEW COLD WAR),
(WHY I LOVE/HATE THE OIL COMPANIES), (XOM), (USO),
(THE WORST TRADE IN HISTORY), (AAPL)
Exxon Mobil Corporation (XOM)
United States Oil (USO)
Apple Inc. (AAPL)
Come join me for afternoon tea for the Mad Hedge Fund Trader?s Global Strategy Seminar, which I will be conducting high in the Alps in Zermatt, Switzerland at 2:00 PM on Thursday, July 24, 2014.
A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. Coffee, tea, and schnapps will be made available, along with light snacks.
You are welcome to attend in your mountain climbing gear, but you will have to leave your boots at the door. Socks only are welcome, and if it?s cold, we will throw some extra wood on the fire. Last year, someone came down from the Matterhorn summit straight to the seminar, sunburned and tired, but elated. He even gave me a valued pebble from the summit.
I?ll be giving you my up to date view on stocks, bonds, foreign currencies, commodities, precious metals, and real estate. And to keep you in suspense, I?ll be throwing a few surprises out there too. Enough charts, tables, graphs, and statistics will be thrown at you to keep your ears ringing for a week. Tickets are available for $195.
I?ll be arriving early and leaving late in case anyone wants to have a one on one discussion, or just sit around and chew the fat about the financial markets.
The event will be held at a central Zermatt hotel with a great Matterhorn view, operated by one of the village?s oldest families and long time friends of mine. The hotel is just down the street from the town?s beautiful 17th century church.
The details will be emailed directly to you with your confirmation.
I look forward to meeting you, and thank you for supporting my research. To purchase tickets for the luncheons, please go to my online store.
Say you owned 10% of Apple (AAPL) and you sold it for $800 in 1976. What would that stake be worth today?
Try $22 billion. That is the harsh reality that Ron Wayne, 76, faces every morning when he wakes up, one of the three original founders of the consumer electronics giant. Ron first met Steve Jobs when he was a spritely 21-year-old marketing guy at Atari, the inventor of the hugely successful ?Pong? video arcade game.
Ron dumped his shares when he became convinced that Steve Jobs? reckless spending was going to drive the nascent start up into the ground and he wanted to protect his assets in a future bankruptcy. Co-founders Jobs and Steve Wozniak each kept their original 45% ownership. Today Job?s widow?s 0.5% ownership is worth $1.5 billion, while the Woz?s share remains undisclosed. Ron designed the company?s original logo and wrote the manual for the Apple 1 computer, which boasted all of 8,000 bytes of RAM (which is 0.008 megabytes to you non-techies).
Today, Ron is living off of a meager monthly Social Security check in remote Pahrump, Nevada, about as far out in the middle of nowhere as you can get, where he can occasionally be seen playing the penny slots.
Global Market Comments
June 20, 2014
Fiat Lux
Featured Trade:
(JULY 11 SARDINIA, ITALY STRATEGY LUNCHEON)
(THE CHINA VIEW FROM 30,000 FEET),
(FXI), (DBC), (DYY), (DBA), (PHO).
(TRIBUTE TO A GIANT OF JOURNALISM, ROY ESSOYAN)
(TESTIMONIAL)
iShares China Large-Cap (FXI)
PowerShares DB Commodity Index Tracking (DBC)
PowerShares DB Commodity Dble Long ETN (DYY)
PowerShares DB Agriculture (DBA)
PowerShares Water Resources (PHO)
Global Market Comments
June 19, 2014
Fiat Lux
Featured Trade:
(JULY 7 ROME, ITALY STRATEGY LUNCHEON)
(NOTICE TO MILITARY SUBSCRIBERS),
(CHINA?S COMING DEMOGRAPHIC NIGHTMARE)
Legal Disclaimer
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.
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