Sunday, October 3, 2010
Monday NASDAQ open
We don't care about the open and neither should you. Just wait for the volatility once earnings start getting announced. Then make sure you know what to do. We hate it when the semi's go down.
Best thing about Benny
You already know Benny's background and line of work.
Here's the best part so far:
In his position, Benny can provide instructions to the loosely coupled funds. For example, on a given day, Benny could instruct the well endowed hedge fund Benny A to "sell" security xyz and at the same time he could instruct the well endowed hedge fund Benny B to "buy" the security xyz.
Of course, Benny is a smart fellow. The relative buy and sell volumes between A and B are different. :)
Wait until tomorrow when you hear what happens next(!)
Here's the best part so far:
In his position, Benny can provide instructions to the loosely coupled funds. For example, on a given day, Benny could instruct the well endowed hedge fund Benny A to "sell" security xyz and at the same time he could instruct the well endowed hedge fund Benny B to "buy" the security xyz.
Of course, Benny is a smart fellow. The relative buy and sell volumes between A and B are different. :)
Wait until tomorrow when you hear what happens next(!)
Taking advantage of currency wars...
In the market for a luxury car in Silicon Valley?
The dealers bought/buy cars in the factory currency when the dealers think the dollar is strong against the factory currency.
Do you know how to take advantage of the dealers in US dollars in that case?
We do. Don't get left out.
The dealers bought/buy cars in the factory currency when the dealers think the dollar is strong against the factory currency.
Do you know how to take advantage of the dealers in US dollars in that case?
We do. Don't get left out.
Saturday, October 2, 2010
The Price of Gold Today
The price of gold is almost an oxymoron. When people in the U.S. say "price of gold" they mean the price of gold in U.S. dollars. Everything is relative to something else, just as the U.S. dollar has a value relative to the Euro or the RMB and so on. There is unfortunately no such thing as an "absolute." The price of gold is high when the dollar is or is expected to be relatively worthless, like now. Don't get left out of currency moves.
More about Benny
Benny is a low profile guy but he is wealthy beyond belief. He controls a series of hedge funds. You could call them syndicated, or a better term would be "loosely coupled." He is in fact able to give instructions to the various funds. More soon about how Benny makes a living.
Earnings Season for US
3rd Q will be relatively disappointing if you are able to read between the thinly spaced lines. 4th Q will then be super? Probably not. Don't get left out before 2011 is a huge disappointment.
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