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August 11, 2010 – Why Don’t We Try Chinese Style Securities Regulation?

Featured Trades: (INCARCERATION RATES) 3) Why Don't We Try Chinese Style Securities Regulation? Former stock trader, Yang Yanming, was recently executed by lethal injection for embezzling $9.52 million from Galaxy Securities during 1997 to 2003. The move was part of a broader effort by the Mandarins in Beijing to crack down on rampant corruption in […]

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August 11, 2010 – The Bull Market in Mustangs

Featured Trades: (MUSTANGS) 4) The Bull Market in Mustangs. The Western US has found a new wrinkle in the housing collapse, where homeowners are desperately struggling to cut living costs to meet the next doubling of their adjustable rate mortgage payments on their underwater houses. Raising horses can cost more than children, so Nevadans are […]

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August 11, 2010 – Quote of the Day

'It amazes me how quickly amnesia sets in,' said Stephen Crawford, former co-president of Morgan Stanley, about the willingness of hedge funds to re-leverage positions in these conditions.

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August 10, 2010 – The Best Trade of the Year

(SPECIAL FOOD ISSUE) Featured Trades: (CORN), (WHEAT), (SOYBEANS), (POT), (MOS), (AGU) Teucrium Agricultural Trust Corn Fund PowerShares DB Multisector Commodity Trust Agriculture ETF 1) My Best Trade of the Year. I was having a good 2010 until the grain trade came along. Now I’m have a fabulous year. Since my initial call to buy on […]

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August 10, 2010 – The Bull Market in Food Is Only Just Starting

(SPECIAL FOOD ISSUE) Featured Trades: (POT), (MOS), (AGU), (DBA) 2) The Bull Market in Food Is Only Just Starting. I believe that the surge in the price of food we have seen in recent weeks is the beginning of a major, secular, long term trend. During the sixties, new dwarf varieties, irrigation, fertilizer, and heavy […]

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August 10, 2010 – Quote of the Day

'Analysts don't know preferred stock from livestock,' said Gordon Gekko in the classic film Wall Street.

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August 9, 2010 – Job Creation is Still on Vacation

Featured Trades: (JULY NONFARM PAYROLL)   1) Job Creation is Still on Vacation. If I have learned one thing from 40 years in the financial markets, it’s that traders demand instant gratification. So when the July nonfarm payroll showed a loss of 131,000 jobs, an unchanged unemployment rate at 9.5%, and total unemployment of 14.6 […]

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August 9, 2010 – The Cooling Market for Hedge Fund Traders

Featured Trades: (HEDGE FUND HIRING) 2) The Cooling Market for Hedge Fund Traders. The tide is suddenly heading out to sea for aspiring hedge fund traders. Ilana Weinstein of the IDW Group, which specializes in hedge fund recruitment, says that the new financial regulation bill has fundamentally changed the supply and demand balance for hedge […]

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August 9, 2010 – I’ll Take Two Lumps, Please

Featured Trades: (SUGAR), (SGG), (CZZ), iPath Dow Jones-UBS Sugar Subindex Total Return ETN 3) I'll Take Two Lumps, Please. It's just a matter of time before global buying of the grains spills over into the sugar market. A combination of torrential rains in Brazil, the source of 54% of the world supply, and draughts in […]

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August 9, 2010 – A Hiroshima Memorial

Featured Trades: (HIROSHIMA ANNIVERSARY) 4) A Hiroshima Memorial. Friday was the 65th anniversary of the Hiroshima atomic bomb, an event that that has touched me in many ways. I never had any doubt for the need to use the bomb in 1945. My father had orders to join his third marine division in Okinawa for […]

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August 9, 2010 – Quote of the Day

'There is no fuel left in the tank' said Carter Worth, a technical analyst about the likely failure of the stock market rally.

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August 6, 2010 – Get Ready for the Sack of Rome

Featured Trades: (THE SACK OF ROME), (TBT), (TMV) ProShares Ultra Short Lehman 20+ Year Treasury ETF Direxion Daily 30 Year Treasury Bear 3X Shares ETF 1) Get Ready for the Sack of Rome. I traded the great Japanese bull market during the eighties at Morgan Stanley, from the very bottom all the way up to […]

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August 6, 2010 – Emerging Markets Are on a Tear

Featured Trades: (EMERGING MARKETS ARE HOT), (EPOL), (IDX), (ECH), (EWS) iShares MSCI Poland Investable Market ETF Market Vectors Indonesia ETF Singapore iShares ETF iShares MSCI Chile Fund Index ETF 2) Emerging Markets Are on a Tear. Regular readers of this letter know that I have been going on about emerging markets like a broken record […]

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August 6, 2010 – What’s Behind the Yen Strength

Featured Trades: (YEN), (FXY), (YCS) Currency Shares Japanese Yen Trust ProShares UltraShort Yen ETF 3) What’s Behind the Yen Strength. My old friend Peter Tasker (we both wrote for the late Far Eastern Economic Review in the seventies), ran an interesting editorial in the Financial Times today (click here for the piece). He examines the […]

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August 6, 2010 – The Skinny on Lithium

Featured Trades: (SQM), (HEV), (ENS), (XIDE), (CHP), (ZBB), (EV) 4) The Skinny on Lithium. Long time readers of this letter know that I have been a huge bull on lithium plays, my pick in the sector, Chile's Sociedad Quimica Y Minera (SQM), bringing in a handy 250% pop off the lows in 2009. You couldn't […]

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