Global Market Comments for March 10, 2009 Featured Trades: (GE), (ABX), (SPX), (WTIC), (OIL) 1) It only took a few dew drops of good news for the Dow to recover from its near death experience and rocket 350 points. The 'I love America trades' of long bonds and Treasuries came back with a vengeance. The [...]

Global Market Comments for March 9, 2009 Featured Trades: (COPPER), (XLF), (FCX), (WTIC), (JPM), (WFC), (GS), (BAC), (C) 1) Traders looking for the Next Big Play are keeping a laser like focus on two key commodities. Chinese stockpiling prompted copper to break out of its recent trading range to the upside to $1.70, taking lead [...]

Global Market Comments for March 6, 2009 Featured Trades: (GE), (C), (FXI),(BIDU), (SOHU), (NTES) 1) February nonfarm payroll came in at -651,000, taking the unemployment rate up to 8.1%, a 25 year high. The unemployment rate in California is now well over 10%. There were huge revisions up in the December and January figures. Remember [...]

Global Market Comments for March 5, 2009 Featured Trades: (GE), ($XEU), (GOOG) 1) Q4 European GDP came in at -1.5%. Consumer spending registered the sharpest fall on record, while exports fell off a cliff, the victim of a relentless shrinking of globalization. The euro ($XEU), down to $1.2450, is flirting with a new four year [...]

Global Market Comments for March 4, 2009 Featured Trades: (SILVER), (GOLD) 1) The February ADP employment report showed a loss of 697,000 jobs. Since we are probably in a minus 6% GDP quarter, expect these numbers to remain grisly for months to come. Watch for the Labor Department's nonfarm payroll on Friday, which will be [...]

Global Market Comments for March 3, 2009 Featured Trades: (WFC), (JPM), (C), (BAC), (GOLD) 1) We're going to 6,000 in the Dow, then maybe 4,000. So argues Louise Yamada, one of the most respected long term technical analysts on Wall Street. The targets for the S&P 500 are 600 and 400. Let me reprint a [...]

Global Market Comments March 2, 2009 Featured Trades: (BAC), (GOLD), (POLAND), (CEE), (MSFT), (INTC), (ORCL), (CSCO), (BRK/A), (COP), (JNJ), (GS), (GE) 1) The US is turning into Europe. Think high taxes, high unemployment, more government involvement in everything, and much lower growth. That is the message the markets are telling us by retreating to the [...]