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July 20, 2009

Global Market Comments July 20, 2009 Featured Trades: (GE), (GS), (SPX), (FXI), (EEM), (TBT), (USO), (DBA)   1) China’s National Bureau of Statistics announced the data for the only country that matters right now, showing that Q2 GDP growth came in at 7.9%, much better than expected. The Middle Kingdom’s gold and foreign currency reserves […]

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July 17, 2009

Global Market Comments July 17, 2009 Featured Trades: (SPX), (GOLD), (GLD)   1) The ‘head and shoulders’ is off the table, and now the S&P 500 is looking at a double top at 950. This is why I hate listening to technical analysts, and why they shop at Men’s Warehouse and drive Hyundai’s instead of […]

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July 16, 2009

Global Market Comments July 16, 2009 Featured Trades: (INTC), (ORCL), (HPQ), (IBM), (MSFT), (INDIA), (SENSEX), ($BSE), (AGU), (MON), (MOO), (POT) 1)  Intel's blowout earnings yesterday made crystal clear who is going to be buttering our bread for the next few decades (see income statement). More than 80% of their earnings came from foreign sources, far […]

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July 15, 2009

Global Market Comments July 15, 2009 Featured Trades: (SPX), (GOLD), (BAC), (WFC), (GS), (CVX), (XOM)   1) When I turned on my computer this morning and saw the S&P 500 futures up 40 from yesterday’s low, I knew it was time to fix the flat on my kid’s bicycle, trim the hedges, repair the torn […]

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July 14, 2009

Global Market Comments July 14, 2009 Featured Trades: (SPX), (JAPAN), (CRUDE), (CVX) Happy Bastille Day!   1) Yesterday, I showed you Arthur Hill’s elegant, technical, well thought out analysis of the S&P 500′s prospects. Below, please find my inelegant, non technical, graphical rending of a dead cat bounce. Any stocks dependent on the consumer feeling […]

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July 13, 2009

Global Market Comments July 13, 2009 Featured Trades: (SPX), (NATURAL GAS), (IRAQ), (MO)   1) Every once in a while I stumble across a chart which is so clear, so vivid, so unequivocal in its implications, that it lifts the investment fog. This is that chart. Drawn up by stockchart.com’s Arthur Hill, it shows that […]

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July 10, 2009

Global Market Comments July 10, 2009 Featured Trades: (TBT), (TLT), (SPX)   1) The incredible melt up in Treasuries yesterday tells you that traders are dumping the global reflation trade like a hot potato. The ten year yield spiked up to a high of 3.28%, down from 4% only a month ago. Yesterday’s auction of […]

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July 9, 2009

Global Market Comments July 9, 2009 Featured Trades: (SPX), (EURO/YEN), (GS) 1) If anyone is wondering what that foul odor is, it's the sushi that hit the fan. Even the most obstinate,  Kool Aid drinking perma bulls now concede the head and shoulders is in on the S&P 500. That great barometer of global risk […]

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July 8, 2009

Global Market Comments July 8, 2009 Featured Trades: (OIL), (SPX), (EEM), (DBA), (GLD), (XEU), (XJY), (VIX), (SDS), (DRR), (NATURAL GAS), (WHEAT), (CORN)   1) I am about to do you a huge favor. You can clear all of the stock tickers and widgets off of your computer desktop. The only thing you need to watch […]

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July 7, 2009

Global Market Comments July 7, 2009 Featured Trades: (CRUDE), ($WTIC), (EURO), (FSLR)   1) The stage is now set for the dollar. With the US 20 months into a recession, it’s just a matter of time before the Feds pull us back from zero interest rates. With the ECB late to the funeral, European Central […]

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July 6, 2009

Global Market Comments July 6, 2009 Featured Trades: (SPX), (GMGMQ), (T-M), (HMC), (IRAN)   1) OK, so I don’t really open beer bottles with my teeth and do my own tattoos. But my call that the ‘golden cross’ in the S&P 500 on June 23 was a bogus one turned out to be a bulls […]

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July 2, 2009

Global Market Comments July 2, 2009 Featured Trades: (BA), (COAL) 1) I spent the evening with Dr. Janet Yellen, the president of the Federal Reserve Bank of San Francisco. She thinks that thanks to the government’s tax cuts and spending programs, we will be out of the recession by the end of this year. After […]

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July 1, 2009

Global Market Comments July 1, 2009 Featured Trades: (VIX), ($BVSP), (RSX), ($BSE), (FXI), (EEM), ($KOSPI), (TBT), (JNK), (PHB), (HYG), (FCX), (X), (CHK), ($XEU) 1) Equities: UP The collapse of the volatility index (VIX) is telling us that the horrific, gut churning, 10% daily moves are over. But equities are no longer a US play. Extracting […]

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June 30, 2009

Global Market Comments June 30, 2009 Featured Trades: (SPX), (SNE), (CGW), (PHO), (FIW), (TTEK), (VE), (PNR), (AMZN) 1) As much as I like to open beer bottles with my teeth, do my own tattoos, and roll around in the snow naked and beat myself with birch branches, when it comes to pain in my investment […]

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June 29, 2009

Global Market Comments June 29, 2009 Featured Trades: (TBT), (JAPAN), (CALIFORNIA), (UNG), (WHEAT) 1) For those who missed the 70% move in the TBT this year, the double short Treasury bond ETF, another window is setting up for you to get in. After running up from $35 to a meteoric $60, we have backed off […]

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