Archive | Diary RSS feed for this section

April 30, 2010 – Nickel Smashes Through to Three Year High

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 […]

Read full story Comments are closed

April 30, 2010 – The Real Logic Behind Hewlett Packard’s Takeover of Palm

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 […]

Read full story Comments are closed

April 30, 2010 – Quote of the Day

'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.

Read full story Comments are closed

April 29, 2010 – It’s All Over But the Crying for Greece

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 […]

Read full story Comments are closed

April 29, 2010 – There is a Gold Rush Underway in Iraq, with Major Implications for the Rest of Us

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 […]

Read full story Comments are closed

April 29, 2010 – The Economic Miracle That is South Korea is Firing on All 16 Cylinders

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 […]

Read full story Comments are closed

April 29, 2010 – It’s Off to the Races at Caterpillar

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 […]

Read full story Comments are closed

April 29, 2010 – Quote of the Day

'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.

Read full story Comments are closed

April 28, 2010 – There is only one trade right now, and that is 'Risk On”

Featured Trades: (THE NEW ASSET BUBBLE) 1) There is only one trade right now, and that is 'Risk On.' I noticed that I have had trouble composing my newsletter lately because in thumbnail form, all charts now look the same, those of a gull winged 'V's'. Looking at the long list of positions that I […]

Read full story Comments are closed

April 28, 2010 – The One Bright Spot in Real Estate

Featured Trades: (MULTIFAMILY HOUSING) 2) The One Bright Spot in Real Estate. After my weekly dump on residential real estate yesterday, I feel obliged to reveal one corner of this beleaguered market that might actually make sense. By 2050 the population of California will soar from 37 million to 50 million, and that of the […]

Read full story Comments are closed

April 28, 2010 – Ganging Up on the Yen

Featured Trades: (YEN), (YCS), (YUAN), (CYB) 3) Ganging Up on the Yen. My old friend, Eisuke Sakakibara, Japan’s former vice minister of finance and director of the IMF, also known as ‘Mr. Yen,’ believes that the Japanese currency is going to trade in a ¥92-¥97 range. That will frustrate hedge funds that pile on enormous […]

Read full story Comments are closed

April 28, 2010 – Union Pacific (UNP) is Barreling Down the Rails

Featured Trades: (UNP), (PPLT), (PALL) 4) Union Pacific (UNP) is Barreling Down the Rails. I am going to run a series of articles over the next several days about the earnings reports of companies which are great ‘tells’ on the state of the global economy.  Union Pacific (UNP) just announced Q1 profits of $516 million […]

Read full story Comments are closed

April 28, 2010 – Quote of the Day

If you think you are going to get a free ride, or a white horse to bail you out, the white horse is dead,' Said Senator Chris Dodd, chairman of the Senate Banking Committee, about the new financial regulation bill.

Read full story Comments are closed

April 27, 2010 – San Francisco Strategy Luncheon

Featured Trades: (SAN FRANCISCO STRATEGY LUNCHEON) 1) Many thanks to all of you who attended my strategy luncheon at the Marines' Memorial Association in San Francisco on Friday. I found your questions insightful and your positive feedback inspirational. The club's meal and service was fabulous, as always. The security provided by the army battalion in […]

Read full story Comments are closed

April 27, 2010 – Cash is Piling into Emerging Market Debt

Featured Trades: (PCY), (LQD) 2) Cash is Piling into Emerging Market Debt. Last year, I suggested emerging market sovereign debt ETF’s as safe, high yielding investments in which to hide out in case the equity markets swoon again (click here for the call). With hedge funds scrambling to pile on more risk, and mutual funds […]

Read full story Comments are closed