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Good morning and welcome back to the garage, where you better know and trust your mechanic, or he might have stolen your engine by the time you go back to get your car, a la MF Global. The markets are having a hard time extending the gains that they ended
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What a rally. Big 4% up day in the markets, and our tech longs/calls were juiced today. And I hate to be the bearer of bad thoughts, but remember earlier this week how I pointed out that “dislocating markets” aren’t necessarily a bullish thing?Anyway, here’s my
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Here’s what I was reading and thinking about today when I wasn’t watching the sun rise over the Capitan mountains from my new home in the mountains of southeastern New Mexico. A Large Middle Class Isn’t Necessarily Normal – My old friend and mentor, David Merkel, with a
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It’s another day at the racetrack and the ponies are a’running. The US Federal Reserve has explicitly come out this morning in favor of redistributing hundreds of billions of more dollars from the working taxpayer to the corrupt banks in Europe, and that, along with some other socialist/
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The whole point of Revolution Investing is to help you pinpoint when there really is risk and to avoid panicking when there’s not. I’m again warning readers that the tech stock market bubble that I’d been looking to really take off next year is no longer as
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Couple housekeeping notes. Corning’s down 10% this morning after announcing that the quarter’s not coming in as planned, mostly because of a big order cancellation. I’m working on this one right now and will have more analysis and a playbook for us in a bit on this
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A few years ago on Kudlow & Co, I took my always very-bearish position on a discussion/debate/argument the investment merits of the airline companies. My point was then and still is that the government welfare/subsidy business model employed by the industry always has been and always will
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The strangest part of today’s market action — how little the markets moved intraday once they had opened up 3% across the board. Most days with a move of that magnitude entails some wild intraday swings too, but today once we opened, we just flatlined near the day’s highs.
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Big day at the markets, with the major indices holding their broader, 2-3% gains across the board. Remember when I got all bearish on silver and copper when they had just peaked and started dislocating on a daily basis? That is, dislocating markets is a term that I created that
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Speaking to Lucy in a Paris police station: “The sergeant only speaks French, and see, this other cop here, he speaks French and German. And this fellow, he speaks German and Spanish. So the sergeant is going to ask the questions, and we’ll translate them to you” – Ricky Ricardo
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It’s Thanksgiving week and that’s reason enough to not be pushing it too hard, but given how much cash we raised near the highs and with the crushing the markets have taken again today, there’s a trade or two that I’m doing from my smartphone as
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As I’d noted last week as the European Central Bank blinked and the spreads on bonds in the E.U. blew out, there were a whole lot of new developments that had me finally turning cautious and selling down all of our financial long positions along with a tech
