I managed to catch a few comments in the distinct northern English accent of Jim O’Neil, the fabled analyst who invented the “BRIC” term, and who was later kicked upstairs to the chairman’s seat at Goldman Sachs International (GS) in London. Now that the US dollar is in free fall, Jim thinks that it is […]
Category Archives: Diary
First and foremost, thank you for what you do. The small cost of this newsletter pays for itself a thousand times over. My returns mimic those of your portfolio for the year and for that I am grateful. The only suggestion I would offer is to keep doing what you are doing. It is people […]
11
Sep
Sep
“A central bank is best that governs least, but is prepared to govern radically when called upon,” said 19th century man of letters, Walter Bagehot, the first editor of The Economist magazine in London.
Global Market Comments September 10, 2025 Fiat Lux Featured Trade: (AN INSIDER’S GUIDE TO THE NEXT DECADE OF TECH INVESTMENT), (AMZN), (AAPL), (NFLX), (AMD), (INTC), (TSLA), (GOOG), (META)
Last weekend, I had dinner with one of the oldest and best-performing technology managers in Silicon Valley. We met at a small out-of-the-way restaurant in Oakland near Jack London Square, so no one would recognize us. It was blessed with a very wide sidewalk out front and plenty of patio tables. The service was poor […]
Global Market Comments September 9, 2025 Fiat Lux Featured Trade: (A NOTE ON ASSIGNED OPTIONS, OR OPTIONS CALLED AWAY UPDATED), (GS)
Occasionally, I get a call from Concierge members asking what to do when their short positions in options are assigned or called away. The answer was very simple: fall down on your knees and thank your lucky stars. You have just made the maximum possible profit for your position instantly. We have the good fortune […]
Global Market Comments September 8, 2025 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or WATCHING HISTORY RHYME) (GS), (JPM), ($VIX), (CRM)
I have been predicting all year that the government’s new and untested economic policies would produce stagflation. Well, we certainly got the “Stag” on Friday with the most disastrous jobs report since the Pandemic. Will the “flation” follow with the Consumer Price Index this coming Thursday? Nonfarm Payroll certainly broke all recent records, proving how […]
“There is tremendous amounts of money sitting on the sidelines. There is enormous M&A activity. The greatest thinkers in the corporate world are saying that it is cheaper to buy than to build. This says to me that the stock market still has value in it. We’re a long way from expensive,” said Milton Ezrati, […]