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February 11, 2009

Global Market Comments for February 11, 2009 Featured Trades: (IWM), (LSE-AJG), (BAC) 1) After the passage of an $800 billion in stimulus, and another bank bailout package, I don't see any market boosting events on the horizon. Hence the Dow's 400 point swan dive yesterday. The market is not going to wait until the end […]

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February 10, 2009

Global Market Comments for February 10, 2009 Featured Trades: (IWM), (C), (BAC), (INTC) 1) Treasury Secretary Tim Geithner announced his bailout plan and the market gave him a big raspberry. Long on platitudes and short on specifics. The Dow plummeted 381, Bank of America (BAC), dropped 18%, and Citigroup (C) pared 16%. The 'End of […]

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February 9, 2009

Global Market Comments for February 9, 2009 Featured Trades: (IWM), ($COPPER), (DRYS) 1) This week it is all about Washington. CNBC has turned into CSPAN. Democrats coming off an eight year starvation diet are loading the stimulus plan with more pork than a bacon factory, and sending Obama the bill. There is also a personal […]

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February 6, 2009

Global Market Comments for February 6, 2009 Featured Trades: (BAC), (TM), (TBT) 1) The dreaded January nonfarm payroll came in at minus 598,000, the third monthly figure over a half million, taking the unemployment rate up to 7.6%. It was the worst monthly reading since 1974. We'll probably see 9% by June. Notice how the […]

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February 5, 2009

Global Market Comments for February 5, 2009 Featured Trades: ($GOLD), ($SILVER), (BRK/A), (GS), (GE), ($SSEC), ($BDI) 1) UBS was matched by Goldman Sachs in raising its 2009 target for gold ($GOLD) up to $1,000, triggering a $30 rally to $920.While jewelry demand from India and the Middle East remains weak, this is being more than […]

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February 4, 2009

Global Market Comments for February 4, 2009 Featured Trades: (FCX), (CAT), ($BDI), ($BVSP), (EWC), (EWZ), (EWA) 1) There is a rare anomaly in the markets now, where mining stocks are trading at huge discounts to the metals they mine. Usually they trade at substantial premiums. This is the result of the credit crisis, as well […]

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February 3, 2009

Global Market Comments for February 3, 2009 Featured Trades: (SQM), (CGW), (TIP) Special 'Invade Bolivia' Issue 1) Politicians, industrialists, and environmentalists who see battery powered vehicles as the wave of the future are overlooking the fact that 50% of the world supply of lithium comes from impoverished, landlocked Bolivia. This is a country that until […]

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February 2, 2009

Global Market Comments February 2, 2009 Featured Trades: (BX) One month into the year, let's review where we are among major asset classes: '¢ Stocks are down globally and falling. The Dow is down 10% year to date. '¢ The long Treasury bond bubble has popped. Corporate bonds of all grades are on a tear. […]

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January 30, 2009

Global Market Comments for January 30, 2009 Featured Trades: (AMZN), (GOLD), (AEM) 1) Q4 GDP came in at -3.8%, the worst in 26 years. The only buyer right now is the Federal government. What private spending there is can be found online. Amazon (AMZN) announced December sales up 18% YOY, sparking a 14% jump in […]

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January 29, 2009

Global Market Comments for January 29, 2009 Featured Trades: (GOLD), (AEM), (TBT), (HYG), (PHB), (NS) 1) December new home sales fell to a stunning 331,000, 100,000 less than the most dire forecasts.  Average monthly home sales for 2008 were the worst since 1982. Homebuilders are getting absolutely killed by competition from foreclosures. Every real estate […]

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January 28, 2009

Global Market Comments for January 28, 2009 Featured Trades: (TM), (GM), (GDX), ($GOLD), (ABX), (NEM) 1) The Fed leaves interest rates unchanged, at close to zero. Like they were really going to make them negative? All they can do now is to accelerate quantitative easing measures by buying boatloads of home mortgage, credit card, car […]

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January 27, 2009

Global Market Comments for January 27, 2009 Featured Trades: (CAT), (CCTYQ) 1) The performance of heavy equipment maker Caterpillar (CAT) is one of the best leading global economic indicators out there. Poor earnings have taken the stock behind the woodshed for a severe whipping, taking down from $85 to $32. So when CEO Jim Owens […]

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January 26, 2009

Global Market Comments for January 26, 2009 Featured Trades: (GOOG), (AOL), (MSFT), (YHOO), (T), (VZ), (W), (DBA), (FNM) 1) It was the weekend of the big layoff, with 70,000 getting pink slips globally. Key infrastructure and emerging market player Caterpillar chopped 20,000, followed by Intel, Pfizer, Home Depot, Microsoft, and yes, even Apple. You can […]

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January 23, 2009

Global Market Comments for January 23, 2009 Special Gold Issue Featured Trades: ($GOLD) 1) Last year, South Africa suffered its steepest decline in gold production since 1901, falling 14%, to a mere 232 tons. It now ranks only third in global production of the yellow metal, after China and the US. Severe electricity rationing, a […]

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January 22, 2009

Global Market Comments for January 22, 2009 Featured Trades: (MSFT) 1) Today was the day of the Microsoft shock, with disappointing earnings and a layoff of 5,000. Too bad their principal product, Vista, never worked. There was a slew of economic data today, all bad. Weekly jobless claims exploded upward by 62,000 to 589,000, taking […]

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