Category Archives: Diary

October 31, 2025 – Quote of the Day

“No one is line dancing over the fact that the market is at 4,000. No one feels good about it. The market likes to climb a wall of worry, and the stonemason has been hard at work. So, I think we continue to grind higher,” said Jason Trennert, chief investment strategist at Strategas Research Partners.

Why Technical Analysis is a Disaster

I recently heard an amazing piece of information from a subscriber. Fidelity recently conducted a study to identify their best-performing clients. They neatly fell into two groups: people who forgot they had an account at Fidelity, and dead people. It all underlines the futility of trading the markets without true professional guidance, such as you […]

The IRS Letter You Should Dread

I knew the letter from the IRS sitting in my mailbox was bad news just from the color of the paper. It was not light green, the color of a refund check from the United States Treasury.  Instead, it was white, warning that it contained some sort of demand, audit notice, or threatened legal action. […]

Please Use My Free Database Search

The original purpose of this letter was to build a database of ideas to draw on in the management of my hedge fund. When a certain trade comes into play, I merely type in the symbol, name, currency, or commodity into the search box, and the entire fundamental argument in favor of that position pops […]

October 27, 2025

Global Market Comments October 27, 2025 Fiat Lux   Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or THE YEAREND RALLY HAS STARTED), (NFLX), (SPY), (TLT), ($VIX), (GM), (TSLA), (USO), (PHM), (GLD), (AAPL), (SLV), (FXI)