September 30, 2009

Global Market Comments September 30, 2009 Featured Trades: (MSFT), (GS), (AIG), (MUSTANGS) 1) You may not be aware of this, but Microsoft (MSFT) is about to hit you with a massive marketing effort to buy its new Windows 7 operating system, which will be officially released on October 22. I have been an early adopter of technology for most of my life, and have been … [Read more...]

September 29, 2009

Global Market Comments September 29, 2009 Featured Trades: (RADA), (BAC), (SCHW), (V), (CVX) 1) When a retired Israeli Air Force general calls me up in the middle of the night and tells me there's a company I should look into, I sit up and take notice. Privately owned Spider Technologies Security Ltd (click here for their website  ) has achieved a quantum leap forward … [Read more...]

September 25, 2009

Global Market Comments September 25, 2009 Featured Trades: (SPX), (FCX), (FXI), (BYDFF), (BIDU), (X), (JNK), (HYG), (EEM), (EWY), (TBT), (UDN), (ULE), (VIX)   1) The one absolute, take it to the bank, bet the ranch fact you can count on right now is that there is no value in the stock market. We are at a lofty 20 X earnings, and historically, when the market … [Read more...]

September 24, 2009

Global Market Comments September 24, 2009 SPECIAL END OF CIVILAZATION ISSUE Featured Trades: (OBAMA), (BERNANKE), (TBT), (PCY) 1) Boy, are the Republicans really screwed. I was awed with Obama's performance on the David Letterman show last night. This guy is relaxed, polished, cool, and a fabulous advocate and salesman of his policies. When asked a … [Read more...]

September 23, 2009

Global Market Comments September 23, 2009 Featured Trades: (COAL), (CCS), (BTU), (SINA), (BIDU), (SOHU, (NTES) 1) Peabody Energy's (BTU) CEO, Gregory Boyce, says that the Chinese buying of coal is real, not stockpiling, and expects to see a 7.5% annual growth in sales for the next five years (click here for their website ).  The big demand is for metallurgical coal used … [Read more...]

September 22, 2009

Global Market Comments September 22, 2009 Featured Trades: (PCY), (LQD), (ARI), (FSQU), (CLNY) 1) A number of readers have asked me to come up with a safe, high yielding investment in which to hide out in case the equity markets swoon again. That means they are looking for a security that offers a high fixed return, denominated in a strong currency that will benefit … [Read more...]

September 21, 2009

Global Market Comments September 21, 2009 Featured Trades: (EQUINOX), (INDIA), ($BSE), (HOG), (EPI), (PIN), (GENERAL MOTORS)   1) The autumnal equinox is tomorrow. That is the day when the sun crosses the equator headed South, and daylight equals darkness. I know this because I am so old that celestial navigation with a sextant was a requirement to get a … [Read more...]

September 18, 2009

Global Market Comments September 18, 2009 Featured Trades: (CANADIAN DOLLAR), (AUSTRALIAN DOLLAR), (NEW ZEALND DOLLAR), (CBS), (SIRI), (HTZ), (RAD), (M), (LVS), (AMD), (AMR), (CAL), (WHEAT), (GOLD)   1) It's all about the dollar, which I have hated all year (click here for my call ). The assured onslaught of federal debt issuance headed our way will be … [Read more...]

September 17, 2009

Global Market Comments September 17, 2009Featured Trades: (SPX), (BYDDF), (CGW), (PHO), (VE), (FIW), (TTEK), (PNR) 1) Ouch! So much for my 'Sell the Tenth Consecutive Up Day' model. I shorted the S&P 500 September 1050 calls, which expire in two days. The trade was looking good all the way until this morning, when I got stopped out with a 0.5% hickey. It's no excuse … [Read more...]

September 16, 2009

Global Market Comments September 16, 2009 Featured Trades: (SPX), (NATIONAL IGNITION FACILITY), (ECONOMICS BLOGS) 1) Fed chairman Ben Bernanke says the recession is 'technically' over. This will be great news for the homeless living in the tent city under short finals who I fly over when I land my plane at Buchanan airport. It means 'technically' … [Read more...]

September 15, 2009

Global Market Comments September 15, 2009 Featured Trades: (GEOTHERMAL) ('W' RECOVERY) 1)The dinosaurs of the market, like myself, are collectively being struck by the similarity of the current stock market and that of September 1987, just before the one day, 25% plunge in the Dow. That was when I tied to buy stock with the index down 300 from a … [Read more...]

September 14, 2009

Global Market Comments September 14, 2009 Special Silver Issue Featured Trades: (SILVER), (CDE), (SLW), | (HL), (UNG), (NATURAL GAS), (MS) 1) Those transfixed by gold blasting through the $1,000 level have been missing the real action in silver. The white metal has soared 57% to $17 since the beginning of the year, compared to only a 22% move for the barbaric … [Read more...]

September 11, 2009

Global Market Comments September 11, 2009 Featured Trades: (EUROYEN), (HEDGE FUNDS), (CANADIAN DOLLAR)   1) Hedge fund longs have been bunching up in the Canadian dollar for the past two months. Canada makes what everyone wants and doesn't have enough people to consume it, making them a major exporter of everything hot. I bet you didn't know that the frozen … [Read more...]

September 10, 2009

Global Market Comments September 10, 2009 Featured Trades: (GOLD), (ABX), (GLD), (MCO)   1) The precious metals markets were stunned with Barrick Gold's (ABX) announcement that it will float a $3 billion public offering to retire its gold hedges in the futures markets. This means that the world's largest producer is cashing in its downside protection and gearing … [Read more...]

September 9, 2009

Global Market Comments September 9, 2009 Featured Trades: (COPPER), (TBT), (FCX), (EUROPE), (DOLLAR)   1) Well, you certainly don't need my help anymore. With everything in the world going up but the greenback, you certainly don't need the advice of financial advisors, brokers, pundits, or sadly, even this humble online columnist. I never thought I'd see the day … [Read more...]

September 8, 2009

Global Market Comments September 8, 2009Featured Trades: (NATURAL GAS), (UNG), (EL NINO), (AGU), (MON), (MOO), (WHEAT), (WZ09) 1)Everyday, I make an effort to speak to a maker, miner, driller, or provider of a service in the real economy. If you keep your head in the financial markets too long, it is easy to lose touch with reality. Yesterday, I spoke to a friend whose … [Read more...]

September 4, 2009

Global Market Comments September 4, 2009 SPECIAL NON-FARM PAYROLL ISSUE Featured Trades: (CRUDE), ($WTIC),(DXO) (GOLD), (GLD), (KGC), (JAG), (RGLD) 1) So who was the dummy that waited until August to lay off their workers? Fire the bastard! Apparently, there are a large number of managers out there who don't read newspapers, watch TV, or talk to anyone, and … [Read more...]

September 3, 2009

Global Market Comments September 3, 2009 Featured Trades: (FNM), (FRE), (UNP) 1) The hedge fund industry is emerging from the ashes of 2008, and will inevitably grab a larger share of the investing public's assets. Low interest rates and hero status made it way too easy for inexperienced, untested, and sometimes unscrupulous managers to raise new funds that charged … [Read more...]

September 2, 2009

Global Market Comments September 2, 2009 Featured Trades: (MONGOLIA), (SPX), (IVN), (RTP), (FSLR),(STP) (YGE), (LEN), (DHI), (TOL) 1) US stocks are now the most expensive they have been in seven years, and never really got cheap during the March low, just fairly valued. At least I have some good company in my views, which are also shared by David Rosenberg of … [Read more...]

September 1, 2009

Global Market Comments September 1, 2009 SPECIAL SAN FRANCISCO MONEY SHOW ISSUE 1) I attended the Woodstock of investment conferences last week, the San Francisco Money Show, as a correspondent for financial blog aggregator and research provider The cavernous Marriot convention center was absolutely bubbling with new ideas, where you … [Read more...]