Category Archives: Diary

April 14, 2025

Global Market Comments April 14, 2025 Fiat Lux   Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD or REARRANGING THE DECKCHAIRS ON THE TITANIC), (SPY), (GLD), (NFLX), (NVDA), (TLT), (MSTR), (SVXY), ($VIX) (AMZN), (AAPL), (GOOGL), (PANW), (NFLX), (CORN), (WEAT), (SOYB)

The Market Outlook for the Week Ahead, or Rearranging the Deckchairs on the Titanic

Back in 1987, I flew my Cessna 340 twin from London to Rome to visit Morgan Stanley’s high-end Italian clients. Held over by meetings, I got a late start, and I didn’t get as far as the French Champagne country until midnight. Right then, at 20,000 feet, the gyroscope suddenly blew up with a great […]

The ABCs of the VIX

I am one of those cheapskates who buy Christmas ornaments by the bucket load from Costco in January for ten cents on the dollar because my 11-month theoretical return on capital comes close to 1,000%.  I also like buying flood insurance in the middle of the summer drought, when the forecast in California is for […]

The Market Outlook for the Week Ahead, or Trump Declares War on the World

I often get asked why I am still working after 55 years in the stock market. With five customers calling me this morning to thank me for saving their retirement funds, you might understand why. It is now clear that in retrospect and with the wisdom of 20/20 hindsight, corporate America flipped the switch on […]