Global Market Comments June 12, 2009 Featured Trades: ($WTIC), (CRUDE), (COPPER), (FCX)1) Since energy is going to be the dominant factor in making our investment decisions for the next decade, I thought it would be a good time to sit down with Carl Pope, Executive Director of the Sierra Club. Carl is as sharp as
Global Market Comments June 11, 2009 Featured Trades: (WTIC), (TBT), (CRUDE), (SPG)1) I chatted with Jeff Rubin last night, former chief economist with CIBC World Markets, who reaffirmed my own hyper-bull case for crude in bucketfuls.? He was in San Francisco, admiring our civic planning and mass transit system, as part of a tour to
Global Market Comments June 10, 2009 Featured Trades: (FLS), (PTEN), (EPD), (KMP), (MS), ($TNX)1) The market has gotten so dead here that I have started watching Suzie Ormand to get trading ideas. So I?m not supposed to run large balances on my credit card? Who knew? A hedge fund friend told me that the market
Global Market Comments June 9, 2009 Featured Trades: (TBT), (CRUDE), ($WTIC)1) Get me out of oil! I love a core long position in this commodity, and expect it to hit $200 before I join the AARP. But we have really gone too far, too fast, and are seriously in overshoot territory. Industry traders have been
Global Market Comments June 8, 2009 Featured Trades: (VIETNAM), (BIDU), (SOHU), (NTES), (SINA), (GOLD)1) If you think that the place where China does its offshoring would be a great investment, you'd be right. Vietnam has been one of the top performing stock markets this year, its index rising by an amazing 85%.?? It was a
Global Market Comments June 3, 2009 Featured Trades: (C), (BAC), (MS), (GS), (JPM), (LUMBER)1) For me it's d??j?? vu all over again. When I traded the Nikkei during the nineties, every market rally was capped by a predictable flood of new equity issuance by cash starved, undercapitalized Japanese banks. It sucked the life out of
Global Market Comments June 2, 2009 Featured Trades: (SILVER), (NATURAL GAS), (GM)1) The big thing for me yesterday was the long awaited (well, maybe not so long) upside breakout in silver to a new six months high of $16.00, up 95% from the October lows. Please see my warning of the impending move at. The
Global Market Comments June 1, 2009 Featured Trades: (CRB), (GOLD), (CRUDE), (SILVER), (MEE), (FCX), (MSFT), (ORCL), (INTC), (CSCO)1) If you have been aggressively long commodities of every size, shape, color, and flavor, as I have been all year, then you just had one of the best trading months of your career. The CRB index rocketed
Global Market Comments May 29, 2009 Featured Trades: (GM), ($BDI), (DRYS) Special Shipping Issue1)The imminent demise of General Motors (GM) will be a nail in the coffin for the commercial real estate market, which I believe will be the financial crisis of 2009. Some 2,000 dealers are being axed, dumping hundreds of millions of square
Global Market Comments May 28, 2009 Featured Trades: ($WTIC), ($NATGAS)1) That great sucking sound you hear is the air going out of the housing recovery- punctured by the collapse of the bond market and the spike in interest rates. Interest rates on 30 year fixed rate mortgages gapped up from 5.03% to 5.29% in just