Featured Trades: (AUSSIE/EURO CROSS), (AUSSIE/YEN CROSS) 1) The Aussie Crosses are On Fire. In the last few days, two of the key foreign exchange cross trades that I have been recommending this year have exploded to new highs. They include the Aussie/yen cross at AUS$0.874 and the Aussie/euro cross at AUS$0.705 (click here for the […]
Featured Trades: (BIDU), (BYDDF), (GOOG) 2) Baidu Goes Ballistic. Since I am in an ‘I told you so’ mood, take another look at Baidu (BIDU), which I said last week involved swimming at the deep end of the pool (click here for the call). Well, the pool just got a lot deeper. The Chinese search […]
Featured Trades: (COPPER), (FCX) 3) Business is Booming at Freeport McMoRan (FCX). Another company I track religiously for insights on the global economy is Freeport McMoRan (FCX), the world’s largest producer of copper, and also a major miner of gold and molybdenum. CEO Richard Adkerson says that revenues are up an amazing 67%; demand for […]
Featured Trades: (RARE EARTHS), (AVARF.PK), (GWMGF.PK), (RAREF.PK), (LYSCF) 4) Rare Earths Are About to Become a Lot More Rare. Interest in Rare Earths is starting to heat up in a dramatic fashion, and it something you should keep on your radar. So named because they were hard to get in the 18th and 19th century, […]
'If there were no way to short stocks, the probability of stock market bubbles would be much greater,' said hedge fund manager, Bill Ackman, of Pershing Square.
Featured Trades: (NEW YORK STRATEGY LUNCHEON) 1) Just a reminder that you only have a week left to buy tickets to my New York Global Strategy Update. It will be held at 12:00 noon on Friday, May 7, at the New York Athletic Club. The club can be found at 180 Central Park South, New […]
Featured Trades: (FXI), (SPX), ($SSEC) 2) How Can the US Go Up and China Go Down? There is something that is not right with these pictures. Investor sentiment is now 54% bullish, the highest since December, 2007. In the meantime, the Chinese stock market is rolling over like the Bismark, with the Shanghai Index's ($SSEC) […]
Featured Trades: (NICKEL), (JJN) 3) Nickel Smashes Through to Three Year High. The bull market in industrial commodities has spilled over from copper, palladium, iron ore to nickel, which hit $27,500/ tonne in trading on the London Metals Exchange yesterday, up 42% YTD. As a result of the price surge, a nickel is now worth […]
Featured Trades: (PALM), (HPQ), (AAPL), (RIMM), (CHA), (GS) 4) The Real Logic Behind Hewlett Packard's Takeover of Palm. I think that Hewlett Packard's (HPQ) takeover of Palm (PALM) for $1.2 billion speaks volumes about the future of technology in the global economy. While HPQ's late entry into the sector so they can go head to […]
'Sometimes we stare so long at a door that is closing that we see too late the one that is open,' said Alexander Graham Bell, inventor of the telephone.
Featured Trades: (GREECE) 1) It’s All Over But the Crying for Greece. The home of Socrates and Plato is so deep under water with its finances that only three years of Great Depression conditions could bring them back into balance. Yesterday, Standard & Poor’s downgraded the beleaguered nation’s debt to junk, causing the yield on […]
Featured Trades: (OIL), (USO), (SLB), (BHI), (WFT), (HAL) 2) There is a Gold Rush Underway in Iraq, with Major Implications for the Rest of Us. The success of the recent oil auctions in Iraq is creating a windfall for American oil services companies. Schlumberger (SLB), Baker Hughes (BHI), Weatherford (WFT), and Halliburton (HAL) have committed […]
Featured Trades: (SOUTH KOREA), (EWZ) 3) The Economic Miracle That is South Korea is Firing on All 16 Cylinders, taking the KOSPI up 6% YTD. Q1 GDP grew at an annualized rate of 7.8%, driven by a huge rebound in electronics exports and a big contribution from stimulus driven civil engineering. Credit Suisse says the […]
Featured Trades: (CAT) 4) It's Off to the Races at Caterpillar. I hang on every word that comes out of the mouth of Caterpillar (CAT) CEO Jim Owens. His company sells the bulldozers, heavy trucks, and diesel engines that are the required tools for miners and drillers to rip their essential resources out of the […]
'The debt crisis was the equivalent of an under-age drinking party with the rating agencies handing out fake IDs,' said Pimco's Paul McCulley.
Diary of Mad Hedge Fund Trader
Welcome to the Mad Hedge Fund Trader’s blog. Here you will find posts every day about the current state of the economy and market trends. This is also the place where John’s upcoming events, new podcasts and book recommendations are announced. Please subscribe to receive new posts in your email inbox.
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