Global Market Comments February 2, 2010 Featured Trades: (THE DISCIPLINED INVESTOR), (EWS), (EWZ), (EWY), (EPI), (GOLD), (SILVER), (COAL), (TM), (BOONE PICKENS), (Q4 GDP) 1) The liquidity driven rally is going to have to get some legs on its own, or there will be big problems very shortly, says  Andrew Horowitz, president and founder of Fort [...]

Global Market Comments February 1, 2010 Featured Trades: (PIIGS), (EURO), (GREECE), (GOLD), (DOW/GOLD RATIO), (PRESIDENTIAL STOCK RETURNS) 1) Beware of Greeks bearing bonds. That is the message the markets screamed at us this week, when yields on the sovereign debt issued by the home of Plato and Socrates rose a gut-wrenching 400 basis points against [...]

Global Market Comments January 29, 2010 Featured Trades: (McCARTHY HEARINGS), (GOLD), (ABX), (PCY), (LQD)   1)’Have you no shame, sir?’ That is what I expected Treasury secretary Tim Geithner to cry out during his congressional grilling today. The circus was preceded by a Republican congressmen holding up emails for the cameras proving Geithner’s perfidy in [...]

Global Market Comments January 28, 2010 Featured Trades: (SOUTH KOREA), (EWY), WON), (TIGERS), (LEMURS), (HEDGE FUND RADIO) 1) I have been banging on about South Korea (EWY) for some time now as the ‘K’ that should be in ‘BRICK’, the country that has successfully carved out a niche between the rock and the hard place, [...]

Global Market Comments January 27, 2010 Featured Trades: (EXIT SRATEGY), (PALLADIUM), (PALL), (CANADIAN MAPLE LEAF),  (MILLENNIUM GENERATION) 1) I can tell you with absolute certainty that the ‘Exit Strategy’ the Fed’s Bernanke is contemplating is nothing less than a total, unadulterated myth. This is the fairy tale you read to your young children at night [...]

Global Market Comments January 26, 2010 Featured Trades: (HEDGE FUND RADIO), (TRADER MARK), (ATHR), (ASIA), (DRWI), (BRF), (RSX), (IDX), (EWA), (VNM), (JAL), (NISSAN MOTORS), (NSANY), (NISSAN LEAF)   1) My guest on Hedge Fund Radio this week was Mark Hanna, publisher of the wildly popular, www.fundmymutualfund.com investment website, who believes that the US economy is [...]

Global Market Comments January 25, 2010 Featured Trades: (SPX), (TBT), (GLD), (FXA), (UNG), (WHEAT), (CORN), (SOYBEANS), (CYB), (OAKLAND BAY BRIDGE) 1) At the Friday close, technical analyst to the hedge fund stars, Charles Nenner, put out his long awaited sell signal on the S&P 500, with the market’s definitive break of the crucial 1,125 support [...]

Global Market Comments January 22, 2010 Featured Trades: (FXI), (GOOG), (WFC), (EL NINO)   1) After getting the FBI’s take on the Google brouhaha, I thought I get the other side of the story over dinner with Zhou Wenzhong, China’s ambassador to the United States, and the former vice minister for international affairs. Google gives [...]

Global Market Comments January 21, 2010 Featured Trades: (FXI), (CYB), (BRK/A), (BNR), (BTU), (ANR) Note to Readers: Anyone interested in joining me for lunch in San Francisco on Friday, April 23 or New York on Friday, May 7, please email me at mhftorders@yahoo.com to indicate potential interest. I’m currently building a book.The cost will be [...]

Global Market Comments January 20, 2010 Featured Trades: (BIDU), (GOOG), (RESIDENTIAL REAL ESTATE), (SHORT CANDIDATES), (CBS), (SIRI), (HTZ), (RAD), (M), (LVS), (AMR), (CAL), (S), (AMD)   1) Long time readers of this letter know that I have been a huge fan of China’s premier Internet search engine, Baidu (BIDU), recommending it back when it was [...]

Global Market Comments January 19, 2010 Featured Trades: (T), (VZ), (HYG), (JNK), (CRUDE), (OIL), (NATURAL GAS), ($WTIC), (USO), (UNG) 1) Long time futures trading veteran, Yra Harris, thinks we are in a mini bubble now, which is not built on excessive leverage, and therefore won’t go as high as previous ones.  The carry trade is [...]

Global Market Comments January 15, 2010 Featured Trades: (BILL MILLER), (JPM), (IBM), (VENEZUELA), (US TREASURY)   1)’Keep your friends close, and your enemies closer,’ said the ancient Chinese general Sun Tzu. I read the diminutive book, Art of War, written in 400 BC, every year and am always astounded by how much applies to trading [...]