May 29, 2009

Global Market Comments May 29, 2009 Featured Trades: (GM), ($BDI), (DRYS) Special Shipping Issue 1)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 feet on to a market that … [Read more...]

May 28, 2009

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 one day, up from the 4.50% low two months ago. … [Read more...]

May 27, 2009

Global Market Comments May 27, 2009 Featured Trades: ($KOSPI), (CAL), (GM), (TBT) 1) With North Korea testing low grade nukes and short range missiles (think WWII German V2's), and a former prime minister jumping off a cliff to commit suicide, you wouldn't think this is the best time to contemplate an investment in South Korea. You may recall that I … [Read more...]

May 26, 2009

Global Market Comments May 26, 2009 Featured Trades: (TBT), (SPX) 1) Anyone who thinks that we have hit bottom in real estate should start smoking something else. The S&P Case-Shiller National Home Price Index fell 19.1% in Q1, the sharpest drop in history. Charlotte, NC did best, rising 0.3% while Detroit, where prices have fallen to 1995 levels, did the worst … [Read more...]

May 22, 2009

Global Market Comments May 22, 2009 Featured Trades: (GOLD), (ABX), ($XEU), (YEN), (NZD), (TO), (POT), (MON), (AFRICA), (W), (DBC) 1) I can't think of a better reason to keep a core long term position in gold than the prospect of the US losing its triple 'A' rating. The chatter about this yesterday took the barbaric relic up to a two month high of … [Read more...]

May 21, 2009

Global Market Comments May 21, 2009 Featured Trades: (EEM), (IFN), (FXI) 1)    Investors which took my New Year advice to load up on emerging markets are now facing the vexing problem of what to do with all of their new found wealth. The emerging market ETF has soared by 57% to $33, and two of my favorites, the China ETF and India ETF's, have doubled from … [Read more...]

May 20, 2009

Global Market Comments May 20, 2009 Featured Trades: (VIX), (JAPAN) 1) California voters resoundingly rejected all five out of six budgetary measures by an overwhelming two to one margin, setting the stage for a new financial crisis. Trashed at the polls were plans to create a rainy day fund, improve education, borrow from the state lottery, and pay for … [Read more...]

May 19, 2009

Global Market Comments May 19, 2009 Featured Trades: (PBR), (TM), (ABX) 1) Obama announced the adoption of California's stringent CAFE standards nationally, which will force car makers to improve gas mileage to 39 mpg for cars and 30 mpg for trucks in six years. The move is expected to save 1.8 million barrels/day of crude by 2016, cutting imports by 10%. But … [Read more...]

May 18, 2009

Global Market Comments May 18, 2009 Special Las Vegas Money Show Issue Featured Trades: (PBR), (CX), (DUK), (GOLD), (SILVER), ($BSE) 1)    Last week, I dropped in on the rock festival of investment conferences, the Las Vegas Money Show, at the posh and cavernous Mandalay Bay Hotel. A mild 95 degrees outside, I mingled with the Hawaiian shirt and cargo … [Read more...]

May 15, 2009

Global Market Comments May 15, 2009 Featured Trades: (NG), (NATGAS), (WTIC) "Fiat Lux"   1) Reformed oil man, repenting sinner, and borne again environmentalist T. Boone Pickens says that 'when we turn the US green, it will have the best economy ever.' I met the spry, homespun billionaire at San Francisco's Mark Hopkins on a leg of his self financed national … [Read more...]

May 14, 2009

Global Market Comments May 14, 2009 Featrured Trades (GM) 1) I'll tell you what GM's problem is. My dad was a lifetime GM customer, religiously  buying a new Oldsmobile every five years. Once he even flew to Detroit for a factory tour and drove his new prize home. Thirty years ago I told him he was doing GM no favors by buying their cars, and the only way to force them … [Read more...]

May 13, 2009

Global Market Comments May 13, 2009 Featured Trades: (GE), (SPX), (BRAZIL) 1) Ahem. Excuse me. Did someone out there say sell in May and go away?. Do I sense that risk is coming back into the market? Is it time for a reality check? Helloooo! Crude at $60? Take a look at your charts and you will see a whole host of them rolling over from nosebleed territory and dying … [Read more...]

May 12, 2009

Global Market Comments May 12, 2009 SPECIAL FINOVATE STARTUP 2009 CONFERENCE ISSUE Featured Trades: (GE), (GM), (LSE-AJG) 1) Is your bank giving you the cold shoulder on your last loan application, not retuning your phone calls, or asking for interminable documentation? Just bypass them. Try an online peer to peer bank, the Internet's answer to the … [Read more...]

May 11, 2009

Global Market Comments May 11, 2009 Featured Trades: (DVN), (CHK), (NATGAS), (GOLD), (SILVER) Special Natural Gas Issue 1) I know what keeps Obama awake at night. Let's say we spend our $2 trillion and get a couple of quarters of weak 2% type growth. Then once the effects of the stimulus wear off, we slip back into recession, setting up a classic … [Read more...]

May 8, 2009

Global Market Comments May 8, 2009 Featured Trades: (NS), $USB), (TBT) 1) The May nonfarm payroll came in at minus 539,000, better that the consensus of minus 650,000, taking the unemployment up to 8.9%. The improvement was caused by temporary hiring of government workers for the 2010 census. A peak above 10% now looks like a chip shot. Including discouraged workers, … [Read more...]

May 7, 2009

Global Market Comments May 7, 2009 Featured Trades: (SILVER), (GOLD), (TIPS) 1) If you don't rush out and buy silver right now at $13.70 an ounce, I'm going to pick you up and shake you by the lapels of your coat until your false teeth pop out and fall clattering to the ground. Take a look at the chart below and hold in wonder the definitive break out to the … [Read more...]

May 6, 2009

Global Market Comments May 6, 2009 Featured Trades: (BAC), (WFC), (1688.HK) 1) Volatility alert! Volatility alert! The ADP employment report showed 491,000 in job losses for April. Whoopee! We are only losing 16,000 jobs a day instead of 20,000! But the consensus for the Friday's nonfarm payroll is -650,000. The divergence is sure to boost market volatility, … [Read more...]

May 5, 2009

Global Market Comments May 5, 2009 Featured Trades: (BIDU), (GOOG), (NTES), (SINA), (SOHU), (EEM), (TBT) 1) Has anyone noticed how boring things have gotten, or is it just me? After enduring 1,000 point daily ranges in the Dow, a volatility index at 88%, and blue chips stocks going to zero, maybe my nerve endings are scarred. Has it suddenly become safe to take my … [Read more...]

May 4, 2009

Global Market Comments May 4, 2009 Featured Trades: (RCC), (CUK), (SFD), (CHL), (EWT), ($XJY) 1) San Francisco Bay looks like Normandy on D-Day today, invaded by a flotilla of cruise ships diverted by the swine flu from Mexican destinations. Two ships from Carnival (CUK) and one from Royal Caribbean (RCC) are docked at piers normally occupied by garbage scows and … [Read more...]

May 1, 2009

Global Market Comments May 1, 2009 Featured Trades: (COAL), (TBT), (SPX), (CRUDE), ($USB), (BAC) 1) OK guys, it's May. Go Away. I mean vamoose, andele, raus, ike nasai! You've just had the best two month run in 30 years. It's time to sit down and smell the roses. Go climb that Alpine peak you've always wanted to attempt, finish off that basement, … [Read more...]