Global Market Comments August 14, 2009 Featured Trades: (GG), (GOLD), (BRAZIL), ($BVSP), (EWZ) 1) Charles Jeannes, CEO of Goldcorp (GG) (visit their website ) sees an all time high for the yellow metal of $1,050 by the end of the year. His Canadian company is the world's leading low cost, unhedged producer of the barbaric [...]

Global Market Comments August 13, 2009 Featured Trades: (SHANGHAI), ($SSEC), (BALTIC DRY INDEX), ($BDI), (XTO), (NATURAL GAS), ($NATGAS), (UNG), (SPX)   1) Traders are keeping a laser eye focus on two bellwether markets, which are starting to roll over like a cheap date.  The red hot Shanghai stock market has dropped 10% in the past [...]

Global Market Comments August 12, 2009 Featured Trades: (GMGMQ), (TM) 1) GM says that its new Volt hybrid will get an unbelievable 230 miles per gallon for a 300 mile range when it is introduced at the end of 2010. Does this mean it only has a two gallon gas tank? The $40,000 car will [...]

Global Market Comments August 11, 2009 Featured Trades: (NATURAL GAS), (UNG), (BYD) 1) Welcome to the ‘square root’ shaped recovery. That is the likely shape of the recovery curve we can expect over the coming years. If you back out what I call the ’2000′s fluff’ of excess car production, liar loans, using the home [...]

Global Market Comments August 10, 2009 Featured Trades: (SHANGHAI), ($SSEC), (UUP), (USO), (SPX), (TBT) 1) The Mad Hedge Fund Trader will be presenting a lecture to San Francisco’s prestigious Commonwealth Club of California at 5:30 pm on Tuesday, August 11, 2009. It is entitled Does America Have a Future? I will give a brief history [...]

Global Market Comments August 7, 2009 Featured Trades: (NATURAL GAS), (UNG), (WHEAT), (TBT), (GOLD), (SILVER) 1) Where have all the cheap things gone? Now is the time to exercise your discipline and not behave like a stray dog chasing a fire engine in a crummy neighborhood. Only shop for the bombed out stuff, what stock [...]

Global Market Comments August 6, 2009 Featured Trades: (UNG), (NATURAL GAS), (DVN), (CHK) Special Natural Gas Issue   1)I have been a growling, obnoxious, and highly unpopular bear on natural gas since I put out my sell recommendation on June 2 , just before the crash from $4.30 to $3.10. Since then it has been [...]

Global Market Comments August 5, 2009 Featured Trades: (SPX), (F) 1)Welcome to the new bubble. In four months we have gone from 35% below the 200 day moving average to 15% above. It turns out that 1,000 in the S&P 500 is 38.2% recovery of the fall from the 2007 peak, a great Fibonacci number. [...]

Global Market Comments August 4, 2009Featured Trades: (EURO), ($CAD), ($AUS), ($NZD), (JNK), (PHB), (HYG), (EWY)   1) The chickens are finally coming home to roost for the dollar, which has gapped since Thursday from $1.40 down to $1.4450 against the euro, and done even worse again the Australian, Canadian, and New Zealand currencies. Crude traders [...]

Global Market Comments August 3, 2009Featured Trades: (NATURAL GAS), (TM) Special Announcement   1) The Mad Hedge Fund Trader will be presenting a lecture to San Francisco’s prestigious Commonwealth Club of California at 5:30 pm on Tuesday, August 11, 2009. It is entitled Does America Have a Future? I will give a brief history of [...]

Global Market Comments July 31, 2009 Featured Trades: (SPX), (GS), (MS), (KBE) 1) I thought PIMCO co-CEO Mohamed El-Erian hit the nail on the head when he said that the July stock market rally was nothing more than a sugar high. Skyrocketing unemployment does not create new demand. We are going nowhere without a real [...]

Global Market Comments July 30, 2009 Featured Trades: (SPX), (DOW), ($XAD), ($CDW), ($NZD), (COPPER), (LUMBER), (WHEAT), (NATURAL GAS), (GOLD) 1) OK, so they didn't mention the mosquitoes, the poison oak, or the guy snoring in the next tent on the website. But I'd rather put up with all of that than the absolute dearth of [...]

Global Market Comments July 24, 2009 Featured Trades: (SPX), ($INDU), (NASDAQ), (DO), (JAPAN), (CALIFORNIA) Note to Subscribers: The Diary of a Mad hedge Fund Trader will not be published on July 27, 28, and 29. It’s time to clear out the cobwebs and restore my animal spirits. These days will be added on to the [...]

Global Market Comments July 23, 2009 Featured Trades: (FCX), (COPPER), (CAT)   1) One of my favorite stocks, and one of the great ‘tells’ on the state of the global economy is Freeport McMoRan (FCX), the world’s largest copper and gold producer. CEO, Richard Adkerson, says it’s all about ‘China, China, China’, which has been [...]

Global Market Comments July 22, 2009 Featured Trades: (SPX) 1) Let me tell you that I, and the rest of the hedge fund industry, are highly suspicious of the global stock market rally that has ensued over the past week. Companies lowered earnings expectations so far they were easy to beat, and could be achieved [...]