Global Market Comments March 26, 2009 Featured Trades: (EEM) 1) There is an easier, cheaper, and faster way to solve the banking crisis which no one is talking about on Capitol Hill.?? If collateralized debt obligations (CDO's) are the problem, just get rid of them! Desecuritize them! Just convert them back into the underlying loans.
Global Market Comments for March 25, 2009 Featured Trades: (TM), (EBAY), (FUJI TV), (GS)1) Now that traders are partying again on Wall Street, we have to ask, what will take the punch bowl away? The unemployment rate shooting over 10%, which could happen in April or May, would be my first pick. Losses on option
Global Market Comments for March 24, 2009 Featured Trades: (COPPER)1) 'I said a few months ago that Washington was all in. We are now all in squared. The FDIC, Fed, and the Treasury are making a concerted effort to turn deflationary swamp water in inflationary wine.'?? Ah, Paul McCulley, man of Virginia, you have such
Global Market Comments for March 23, 2009 Featured Trades: (BAC), (JAVA), (MSFT), (IBM), (NTAP), (SNDK), (EMC), (CTXS), (CRUDE), (GOLD), (TM), (HONDA)1) I'm sorry I'm late getting my comments out today, but I had to get my application in to manage the Treasury's latest $1 trillion bailout program. They're due April 10, and I wanted to
Global Market Comments for March 20, 2009 Featured Trades: (GE)1) I thought President Obama did a pretty good job with comedian Jay Leno last night. With some pundits already pronouncing his administration a failure, he has the moxie to appear on a late night talk show. For the last eight years, presidential visits to California
Global Market Comments for March 19, 2009 Featured Trades: (C), (GE), (USO), (TBT) 1) Way to go Ben! If pouring gasoline on the fire doesn't work, try nitroglycerine! Some $1.2 trillion in new agency and bond purchases, including previously untoucheable long term treasury bonds. Goodbye dollar, hello 4% home mortgage rates. Just tack on another
Global Market Comments for March 18, 2009 Featured Trades: (XLF), (XLY), (RLX), (HGX), (HD) 1) The quality of this rally is convincing some investors that this could be the big one. After financials (XLF), which are having an obvious dead cat bounce, the leaders of the past week have been the sectors that led into
Global Market Comments for March 17, 2009 Featured Trades: (REAL ESTATE) 1) I am more convinced than ever that real estate has another 25% to fall, and best case, it is dead money for another five to ten years. The New York Times produced some insightful data on inflation adjusted home prices for the last
Global Market Comments for March 16, 2009 Featured Trades: (CHINA), (BAC), (C)1) Fed chairman Ben Bernanke did a great interview with CBS 60 Minutes last night. It's nice to know that the recession 'might' end this year. He ruled out the big banks going to zero, which is great news for Bank of America (BAC)
Global Market Comments for March 13, 2009 Featured Trades: ($USD), (DOLLAR)1) I ran into governor Arnold Schwarzenegger at the men's bathroom at San Francisco's Mark Hopkins yesterday, much to the distress of his posse of ex Marine bodyguards. He was there to take credit for hammering together a compromise solution to his state's $42 billion