Archive | Diary RSS feed for this section

June 21, 2010 – Here Comes the Double Dip in Housing

Featured Trades: (RESIDENTIAL REAL ESTATE), (DHI), (PHM), (LEN)   2) Here Comes the Double Dip in Housing. The great thing about the residential real estate market is that it floods us with tons of hard data. The bad news is that all of these tea leaves have again started pointing to a turn for the […]

Read full story Comments are closed

June 21, 2010 – “Waltzing Matilda” Hits the Top Ten

Featured Trades: (FXA), (FXC), (AUSTRALIAN DOLLAR), (AUSIE/YEN CROSS), (AUSIE/EURO CROSS) Currency Shares Australian Dollar Trust ETF Currency Shares Canadian Dollar Trust ETF 3) ‘Waltzing Matilda’ Hits the Top Ten. The Russian Central bank today said it is moving a portion of its reserves into Australian (FXA) and Canadian dollars (FXC). They join a procession of […]

Read full story Comments are closed

June 21, 2010 – Time to Cash in on the RIG Bounce?

Featured Trades: (TRANSOCEAN), (RIG) 4) Time to Cash in on the RIG Bounce? Those who took my advice to buy Transocean (RIG) at $52 can now get out with a 5% profit. The addition of the Swiss based company's shares to that country's stock index created a temporary boost as funds loaded up to track […]

Read full story Comments are closed

June 21, 2010 – Quote of the Day

'Nowadays, people know the price of everything and the value of nothing,' said Irish playwright, poet, and novelist, Oscar Wilde.

Read full story Comments are closed

June 18, 2010 – The Summer Rally Is Here

Featured Trades: (SPX)   1) The Summer Rally is Here. Now that we are above the 200 day moving average, it looks like our summer rally has begun. But don’t expect too much. After delivering a neat triple bottom at 1,040, the S&P 500 has been grinding up in a low volume rally, complaining and […]

Read full story Comments are closed

June 18, 2010 – How US Job Losses Will End

Featured Trades: (VNM), (FXI), (PIN), (EWY) 2) How US Job Losses Will End. I am not in the habit of regularly lifting data out of the Wall Street Journal, but even a blind squirrel occasionally finds an acorn. I was tempted by the comparative Asian wage data they published yesterday, which I just have to […]

Read full story Comments are closed

June 18, 2010 – Please Use My Free Date Base Search

3) Please Use My Free Data Base Search. The original purpose of this letter was to build a data base of ideas to draw on in the management of my hedge fund. When a certain trade comes into play, I merely type in the symbol, name, currency, or commodity into the search box, and the […]

Read full story Comments are closed

June 18, 2010 – The ETF Trend Following Playbook

Featured Trades: The ETF Trend Following Playbook 4) The ETF Trend Following Playbook. Turn over any rock these days, and you’ll find Tom Lydon of ETF Trends (click here at http://www.etftrends.com/ ) extolling the virtues of exchange traded funds (ETF’s) and exchange traded notes (ETN’s). So I thought it would be timely to read his […]

Read full story Comments are closed

June 18, 2010 – Quote of the Day

'People are starting to feel better here. They don't feel like they have to have Dr. Kevorkian on speed dial anymore,' said Scott Nation, president of Nation Shares.

Read full story Comments are closed

June 17, 2010 – Is It Time To Buy British Petroleum?

Featured Trades: (BP), (RIG)   1) Is it Time to Buy British Petroleum? The daily spill estimate has been ratcheted up from 1,000 barrels a day to 35,000, and now 60,000! Fitch downgraded its debt a stunning six notches from AA to BBB. Obama’s oval office salvo was directly aimed at the firm.  $20 billion […]

Read full story Comments are closed

June 17, 2010 – Here Comes the “Bathtub” Economy

Featured Trades: (THE ECONOMY) 2) Here Comes the ‘Bathtub’ Economy. Goldman Sachs’ chief US economist, Jan Hatzius, can articulate my own view of the economy better than I can, so I will just repeat what he said yesterday. The boost the economy received from an inventory rebuild is now over, and the best we can […]

Read full story Comments are closed

June 17, 2010 – Learning to Love Hedge Funds

Featured Trades: (HEDGE FUNDS) 3) Learning to Love Hedge Funds. The Wall Street Journal has put together the best history of hedge funds I have found so far. They start with the legendary Fortune Magazine editor, Winslow Jones, who created the first fund out of a shabby office on Broadway in 1948, and generated monster […]

Read full story Comments are closed

June 17, 2010 – Quote of the Day

'You don't want to give the manager of a nuclear power plant an incentive bonus,' said Nassim Taleb, author of the highly controversial book, The Black Swan.

Read full story Comments are closed

June 16, 2010 – A Poolside Report on the Las Vegas City Center

  Featured Trades: (LAS VEGAS CITY CENTER), (MGM)   1) A Poolside Report on City Center. I write this to you from my poolside cabana at the Aria at City Center, the newest and hottest hotel in Las Vegas, against a background of blaring rock music and helicopters buzzing overhead every five minutes. It’s amazing […]

Read full story Comments are closed

June 16, 2010 – Grains See the Light at the End of the Tunnel

Featured Trades: (CORN) Teucrium Agricultural Trust Corn Fund 2) Grains See the Light at the End of the Tunnel. I am a huge long term bull on the grains, but abandoned my trading call in January when the USDA published a spectacularly bullish forecast for most crops for 2010. Not only were plantings up, so […]

Read full story Comments are closed