Global Market Comments July 7, 2009 Featured Trades: (CRUDE), ($WTIC), (EURO), (FSLR)   1) The stage is now set for the dollar. With the US 20 months into a recession, it’s just a matter of time before the Feds pull us back from zero interest rates. With the ECB late to the funeral, European Central [...]

Global Market Comments July 6, 2009 Featured Trades: (SPX), (GMGMQ), (T-M), (HMC), (IRAN)   1) OK, so I don’t really open beer bottles with my teeth and do my own tattoos. But my call that the ‘golden cross’ in the S&P 500 on June 23 was a bogus one turned out to be a bulls [...]

Global Market Comments July 2, 2009 Featured Trades: (BA), (COAL) 1) I spent the evening with Dr. Janet Yellen, the president of the Federal Reserve Bank of San Francisco. She thinks that thanks to the government’s tax cuts and spending programs, we will be out of the recession by the end of this year. After [...]

Global Market Comments July 1, 2009 Featured Trades: (VIX), ($BVSP), (RSX), ($BSE), (FXI), (EEM), ($KOSPI), (TBT), (JNK), (PHB), (HYG), (FCX), (X), (CHK), ($XEU) 1) Equities: UP The collapse of the volatility index (VIX) is telling us that the horrific, gut churning, 10% daily moves are over. But equities are no longer a US play. Extracting [...]