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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]