Global Market Comments April 8, 2009 Featured Trades: (PLD), (TBT), (PHM), (CTX) 1) I bumped into Jim Lehrer last night, the legendary anchor of 'The News Hour With Jim Lehrer' on PBS, as he breezed through the San Francisco Bay Area promoting his 22nd novel, 'Oh, Johnny'. The ex-Marine, whose first big story was covering [...]

Global Market Comments April 7, 2009 Featured Trades: (VIX), (SPX) 1) Today I spoke to my old Morgan Stanley boss , Barton Biggs, who is so bullish that he believes we are only one third to one half of the way through the current stock market rally. Barton, voted best international strategist for seven years, [...]

Global Market Comments April 6, 2006 Featured Trades: (CHINA), (CRUDE), ($WTIC) 1) Deutsche Bank's former banking analyst Michael Mayo sucker punched the market today, putting out a report ominously entitled 'The Seven Deadly Sins of Banking' listing all 11 major banks as 'underperforms' or 'sells'.  Talk about closing the gate after the horses have bolted. [...]

Global Market Comments for April 2, 2009 Featured Trades: (LITHIUM), (SQM), (AMTD), (SCHW), (SWIM) 1) See? All it takes was a little accounting rule change, and Great Depression II will go away. At least that's what the stock market thought today, surging 300 points and blasting through 8,000 in the Dow, up 26% from its [...]

Global Market Comments for April 1, 2009 Featured Trades: (COPPER), (GOLD), (TM), (YEN) 1) The March ADP private sector employment report was diabolical once again, showing a loss of 742,000 jobs, the worst monthly showing in history. Boy, am I getting sick of saying 'worse than expected'. To add insult to injury, February was revised [...]

Global Market Comments for March 31, 2009 Featured Trades: (EBAY), (AAPL), (T), (VZ) 1) The migration of American business to online formats is accelerating, with over 1,000 new business being created every day. Internet advertising continues to go from strength to strength, and is one of the few growth sectors of the economy. The Interactive [...]

Global Market Comments for March 30, 2009 Featured Trades: (FCX), (CRUDE), (NG) 1)    Call me an optimist, but I am starting to see crocuses of economic recovery busting out all over. Long side traders now have a spring in their step after a 23% rise in the Dow in three weeks, the best move since [...]

Global Market Comments for March 27, 2009 Featured Trades: (SCHW), (AMTD), (IYR), (BPO) 1) Once thought an extinct species, the retail stock investor is back with a vengeance. It only took a 23% rally, the best since 1938, to do it. Trading volumes are up 15%-20%. It's time to take a look at the online [...]

Global Market Comments March 26, 2009 Featured Trades: (EEM) 1) There is an easier, cheaper, and faster way to solve the banking crisis which no one is talking about on Capitol Hill.  If collateralized debt obligations (CDO's) are the problem, just get rid of them! Desecuritize them! Just convert them back into the underlying loans. [...]

Global Market Comments for March 25, 2009 Featured Trades: (TM), (EBAY), (FUJI TV), (GS) 1) Now that traders are partying again on Wall Street, we have to ask, what will take the punch bowl away? The unemployment rate shooting over 10%, which could happen in April or May, would be my first pick. Losses on [...]

Global Market Comments for March 24, 2009 Featured Trades: (COPPER) 1) 'I said a few months ago that Washington was all in. We are now all in squared. The FDIC, Fed, and the Treasury are making a concerted effort to turn deflationary swamp water in inflationary wine.'  Ah, Paul McCulley, man of Virginia, you have [...]

Global Market Comments for March 23, 2009 Featured Trades: (BAC), (JAVA), (MSFT), (IBM), (NTAP), (SNDK), (EMC), (CTXS), (CRUDE), (GOLD), (TM), (HONDA) 1) I'm sorry I'm late getting my comments out today, but I had to get my application in to manage the Treasury's latest $1 trillion bailout program. They're due April 10, and I wanted [...]

Global Market Comments for March 20, 2009 Featured Trades: (GE) 1) I thought President Obama did a pretty good job with comedian Jay Leno last night. With some pundits already pronouncing his administration a failure, he has the moxie to appear on a late night talk show. For the last eight years, presidential visits to [...]

Global Market Comments for March 19, 2009 Featured Trades: (C), (GE), (USO), (TBT) 1) Way to go Ben! If pouring gasoline on the fire doesn't work, try nitroglycerine! Some $1.2 trillion in new agency and bond purchases, including previously untoucheable long term treasury bonds. Goodbye dollar, hello 4% home mortgage rates. Just tack on another [...]

Global Market Comments for March 18, 2009 Featured Trades: (XLF), (XLY), (RLX), (HGX), (HD) 1) The quality of this rally is convincing some investors that this could be the big one. After financials (XLF), which are having an obvious dead cat bounce, the leaders of the past week have been the sectors that led into [...]