“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.
Category Archives: Diary
Global Market Comments May 14, 2025 Fiat Lux Featured Trade: (A DIFFERENT VIEW OF THE US)
14
May
May
My mother lives in Pakistan, my daughter in Greece, and I have a ski chalet in Peru. What’s more, I have strategy luncheons planned for Australia, Thailand, and Turkey. At least these would be my conclusions after looking at a map prepared by my esteemed former employer, The Economist magazine in London, of the United […]
Global Market Comments May 13, 2025 Fiat Lux Featured Trade: (A NOTE ON ASSIGNED OPTIONS, OR OPTIONS CALLED AWAY), (GLD)
Occasionally, I get a call from Concierge members asking what to do when their short positions or 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 May 12, 2025 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or WAITING FOR THE MISSILES TO HIT) (GLD), (SPY), (MSTR), (NVDA), (AAPL), (TSLA), (QQQ), (TLT), (SH), (MCD), (SVXY)
When I was in Ukraine, the air raid sirens used to go off every night exactly at 2:00 AM. The Russian goal was to deprive the civilian population of sleep and to make their lives miserable. It was also when the country was least able to defend itself. You knew the missiles were on the […]
“My job is to find 10 problems for every three that exist,” said Jeffrey Gundlach of DoubleLine Capital.
Global Market Comments May 7, 2025 Fiat Lux Featured Trade: (PLAYING THE SHORT SIDE WITH VERTICAL BEAR PUT SPREADS), (TLT)
07
May
May
“Savers are losers”, said a radio ad for a mortgage broker in Reno, Nevada.