Category: Brad

The Bubble is in Cash, Not Stocks…

We are repeatedly reminded by many so-called “experts” that the stock market is in a bubble, and that when central bank quantitative easing programs end stock markets will “crash.” However, it would appear that the only bubble is people’s uncertainty of the future and their desire to hold large sums

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Value in France – Who Would have Thought?

Nowadays France is better known as the country which has managed to take incomprehensible, anti-growth, anti-sanity, bureaucratic policies, layer them on top of existing, mind-numbing socialist stupidity and have their citizens think it all as ordinary as chocolate cake. It’s enough to induce a guy to reach for Xanax, if

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The Importance of Buying Lots of Time

Early in 2012 I noted how cheap Royal Dutch Shell (RDSA) appeared. Certainly the stock looked cheap, though when trading options I need more than just a cheap stock. Importantly, in this instance the availability of ultra-long term December 2016 expiration options (trading on the Amsterdam exchange) also seemed cheap,

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Is Crude Setting Up for Something Big?

Our friend and colleague Harris Kupperman recently wrote an article about Kashagan and the massive delays being enjoyed by this particular project. The problem is that Kashagan is a poster child for the sector as a whole. This isn’t an anomaly. Let me copy a few key paragraphs from his

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Personal Insights from a Global Hedge Fund Trader

This week Brad discusses his view on short and long term trading ideas, and outlines the criteria he uses to screen the companies. If you have any questions, thoughts or comments for Brad feel free to drop them here. Brad is a trading veteran with 20+ years of experience under

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Trading Floor Insights – How to Protect Against an Inevitable Risk

Recently, while going through the process of changing an insurance policy on a home I own, I was subjected to the stereotypical fear driven sales “facts”. Apparently THOUSANDS of homes each year burn to the ground! Thousands, I tell you. Hail Mary, save us from the terror. With the requisite

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Trading Floor Insights with Brad Thomas

Record debt levels, record margin levels, record central bank stimulus, and record government intervention. It certainly feels like we’re in uncharted territory. I’d be inclined to say we are experiencing record stupidity at a government level, but then I’ve read enough history to realise that this is not true. Unfortunately

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Friday Q&A: Brad Thomas – Professional Trader

We can all pretend that debt doesn’t matter. We can pretend that demographics don’t matter. We can pretend that raising taxes aids rather than frustrates an economy, and we can pretend that citizens will continue to bend over and be sodomized by central bankers. But we’ll only ever be pretending,

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