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August 10, 2009

Global Market Comments August 10, 2009 Featured Trades: (SHANGHAI), ($SSEC), (UUP), (USO), (SPX), (TBT) 1) The Mad Hedge Fund Trader will be presenting a lecture to San Francisco’s prestigious Commonwealth Club of California at 5:30 pm on Tuesday, August 11, 2009. It is entitled Does America Have a Future? I will give a brief history […]

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August 7, 2009

Global Market Comments August 7, 2009 Featured Trades: (NATURAL GAS), (UNG), (WHEAT), (TBT), (GOLD), (SILVER) 1) Where have all the cheap things gone? Now is the time to exercise your discipline and not behave like a stray dog chasing a fire engine in a crummy neighborhood. Only shop for the bombed out stuff, what stock […]

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August 6, 2009

Global Market Comments August 6, 2009 Featured Trades: (UNG), (NATURAL GAS), (DVN), (CHK) Special Natural Gas Issue   1)I have been a growling, obnoxious, and highly unpopular bear on natural gas since I put out my sell recommendation on June 2 , just before the crash from $4.30 to $3.10. Since then it has been […]

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August 5, 2009

Global Market Comments August 5, 2009 Featured Trades: (SPX), (F) 1)Welcome to the new bubble. In four months we have gone from 35% below the 200 day moving average to 15% above. It turns out that 1,000 in the S&P 500 is 38.2% recovery of the fall from the 2007 peak, a great Fibonacci number. […]

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August 4, 2009

Global Market Comments August 4, 2009Featured Trades: (EURO), ($CAD), ($AUS), ($NZD), (JNK), (PHB), (HYG), (EWY)   1) The chickens are finally coming home to roost for the dollar, which has gapped since Thursday from $1.40 down to $1.4450 against the euro, and done even worse again the Australian, Canadian, and New Zealand currencies. Crude traders […]

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August 3, 2009

Global Market Comments August 3, 2009Featured Trades: (NATURAL GAS), (TM) Special Announcement   1) The Mad Hedge Fund Trader will be presenting a lecture to San Francisco’s prestigious Commonwealth Club of California at 5:30 pm on Tuesday, August 11, 2009. It is entitled Does America Have a Future? I will give a brief history of […]

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July 31, 2009

Global Market Comments July 31, 2009 Featured Trades: (SPX), (GS), (MS), (KBE) 1) I thought PIMCO co-CEO Mohamed El-Erian hit the nail on the head when he said that the July stock market rally was nothing more than a sugar high. Skyrocketing unemployment does not create new demand. We are going nowhere without a real […]

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July 30, 2009

Global Market Comments July 30, 2009 Featured Trades: (SPX), (DOW), ($XAD), ($CDW), ($NZD), (COPPER), (LUMBER), (WHEAT), (NATURAL GAS), (GOLD) 1) OK, so they didn't mention the mosquitoes, the poison oak, or the guy snoring in the next tent on the website. But I'd rather put up with all of that than the absolute dearth of […]

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July 24, 2009

Global Market Comments July 24, 2009 Featured Trades: (SPX), ($INDU), (NASDAQ), (DO), (JAPAN), (CALIFORNIA) Note to Subscribers: The Diary of a Mad hedge Fund Trader will not be published on July 27, 28, and 29. It’s time to clear out the cobwebs and restore my animal spirits. These days will be added on to the […]

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July 23, 2009

Global Market Comments July 23, 2009 Featured Trades: (FCX), (COPPER), (CAT)   1) One of my favorite stocks, and one of the great ‘tells’ on the state of the global economy is Freeport McMoRan (FCX), the world’s largest copper and gold producer. CEO, Richard Adkerson, says it’s all about ‘China, China, China’, which has been […]

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July 22, 2009

Global Market Comments July 22, 2009 Featured Trades: (SPX) 1) Let me tell you that I, and the rest of the hedge fund industry, are highly suspicious of the global stock market rally that has ensued over the past week. Companies lowered earnings expectations so far they were easy to beat, and could be achieved […]

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July 21, 2009

Global Market Comments July 21, 2009 Emerging Markets Special Issue Featured Trades: (HONG KONG), ($HSI), (EEM), KOREA), ($KOSPI), (PLD)   1)The upside breakout to a new 10 month high of 19,500 in Hong Kong’s Hang Seng Index last night, up 70% from its March low,  could be a signal for better emerging market performance everywhere. […]

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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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