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June 23, 2010 – The Bond Market is Blind to Risk

Featured Trades: (TREASURY BONDS), (TBT) ProShares Ultra Short Lehman 20 Plus TBT 1) The Bond Market is Blind to Risk. After promising to deliver you a nicely marbled, medium rare, prime rib, I am the first to admit when I actual come up with a piece of tasteless, salt water injected Costco turkey. I am […]

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June 23, 2010 – The Value Player’s Take on BP

Featured Trades: (MDR), (BP), (RIG), (HAL), (GZPFY.PK), (XOM), (RDS/A) 2) The Value Player's Take on BP. OK, I promise I won't talk about BP again until the stock breaks one way or another. But no sooner do I put out the call to buy the pariah stock at $29, than I hear Whitney Tilson of […]

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June 23, 2010 – Looking for Energy Babies Thrown Out With the Bathwater

Featured Trades: (MDR), (BP), (RIG), (HAL) 3) Looking for Energy Babies Thrown Out With the Bathwater. The great game among hedge funds now is to find the babies that have been thrown out with the bathwater because of the Gulf oil spill disaster. The halving of the share Price of BP (BP), Transocean (RIG), and […]

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June 23, 2010 – Watch Out for Those Dinosaur Turds

Featured Trades: (DINOSAUR MARKET) 4) Watch Out for Those Dinosaur Turds. The dinosaur bone market has crunched. Once a favorite collectable of high flying hedge fund managers, the prices of everything from tyrannosaurus rex to brontosaurus fossils have skidded. A recent auction of a triceratops skeleton failed to reach its minimum bid of $1 million. […]

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June 23, 2010 – Quote of the Day

'It's time to go back to the old ways. This world of transaction based banking, where algorithms trade umpteen shares in microseconds, would have appalled (British banker from the thirties to the seventies), Sigmund Warburg. We ought to go back to relationship based banking,' said The Ascent of Money author and Harvard business school professor, […]

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June 22, 2010 – Oil Patch Gossip About BP

  Featured Trades: (BP), (CHK), (DVN)   1) Oil Patch Gossip About BP. Over the years, I have invested so much time wildcatting in the oil patch that I will never be wanting for great steaks at Nick & Sam’s in Dallas, skyboxes at Cowboys games, and personally signed 8 X 10 glossy photographs of […]

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June 22, 2010 – Natural Gas Indigestion

Featured Trades: (NATURAL GAS) 2) Natural Gas Indigestion. I always thought that a great strategy for a new hedge fund would be to only buy positions from existing hedge funds that were blowing up. That fund would buy securities subject to margin calls and distressed liquidations, which are by definition at six standard deviation extremes. […]

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June 22, 2010 – Buy Those Who Sell Shovels, Not Miners

Featured Trades: (WFC), (UNP), (ISE), (ICE) 3) Buy Those Who Sell Shovels, Not Miners. A careful study of the history of California's 1849 gold rush shows that while almost all the miners went broke, those who provided the picks, shovels, transportation, and banking services made the real money. Those fortunes became so vast, they live […]

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June 22, 2010 – What The Yuan Realignment Means For You

Featured Trades:  (CHINESE YUAN FOLLOW UP), (BTU), (FCX), (X), (FXI), (YCS), (YEN) iShares FTSE/Xinhua 25 China ETF ProShares Ultra Short Yen ETF 4) What The Yuan Realignment Means For You. Since it’s rare that we get a realignment as significant as the revaluation of the Chinese Yuan, I thought it would be interesting to review […]

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June 22, 2010 – Quote of the Day

'$200 down is going to hit before $50 up,' said Tom O'Brien, Editor of the Gold Report, warning about how much scrap the gold for cash business is generating.

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June 21, 2010 – Special Chinese Yuan Revaluation Issue

Featured Trades: (CHINESE YUAN) Wisdom Tree Dreyfus Chinese Yuan Fund ETF iShares FTSE/Xinhua China 25 ETF   1) Special Chinese Yuan Revaluation Issue. Specifically, China has announced that it will ‘further reform the RMB exchange rate regime and enhance RMB exchange rate flexibility.’ To me, this is Chinese for ‘let it go up.’ If you […]

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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 […]

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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 […]

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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 […]

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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.

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