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June 10, 2009

Global Market Comments June 10, 2009 Featured Trades: (FLS), (PTEN), (EPD), (KMP), (MS), ($TNX) 1) The market has gotten so dead here that I have started watching Suzie Ormand to get trading ideas. So I’m not supposed to run large balances on my credit card? Who knew? A hedge fund friend told me that the […]

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June 9, 2009

Global Market Comments June 9, 2009 Featured Trades: (TBT), (CRUDE), ($WTIC) 1) Get me out of oil! I love a core long position in this commodity, and expect it to hit $200 before I join the AARP. But we have really gone too far, too fast, and are seriously in overshoot territory. Industry traders have […]

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June 8, 2009

Global Market Comments June 8, 2009 Featured Trades: (VIETNAM), (BIDU), (SOHU), (NTES), (SINA), (GOLD) 1) If you think that the place where China does its offshoring would be a great investment, you'd be right. Vietnam has been one of the top performing stock markets this year, its index rising by an amazing 85%.  It was […]

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June 3, 2009

Global Market Comments June 3, 2009 Featured Trades: (C), (BAC), (MS), (GS), (JPM), (LUMBER) 1) For me it's déjà vu all over again. When I traded the Nikkei during the nineties, every market rally was capped by a predictable flood of new equity issuance by cash starved, undercapitalized Japanese banks. It sucked the life out […]

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June 2, 2009

Global Market Comments June 2, 2009 Featured Trades: (SILVER), (NATURAL GAS), (GM) 1) The big thing for me yesterday was the long awaited (well, maybe not so long) upside breakout in silver to a new six months high of $16.00, up 95% from the October lows. Please see my warning of the impending move at. […]

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June 1, 2009

Global Market Comments June 1, 2009 Featured Trades: (CRB), (GOLD), (CRUDE), (SILVER), (MEE), (FCX), (MSFT), (ORCL), (INTC), (CSCO) 1) If you have been aggressively long commodities of every size, shape, color, and flavor, as I have been all year, then you just had one of the best trading months of your career. The CRB index […]

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May 29, 2009

Global Market Comments May 29, 2009 Featured Trades: (GM), ($BDI), (DRYS) Special Shipping Issue 1)The imminent demise of General Motors (GM) will be a nail in the coffin for the commercial real estate market, which I believe will be the financial crisis of 2009. Some 2,000 dealers are being axed, dumping hundreds of millions of […]

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May 28, 2009

Global Market Comments May 28, 2009 Featured Trades: ($WTIC), ($NATGAS) 1) That great sucking sound you hear is the air going out of the housing recovery- punctured by the collapse of the bond market and the spike in interest rates. Interest rates on 30 year fixed rate mortgages gapped up from 5.03% to 5.29% in […]

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May 27, 2009

Global Market Comments May 27, 2009 Featured Trades: ($KOSPI), (CAL), (GM), (TBT) 1) With North Korea testing low grade nukes and short range missiles (think WWII German V2's), and a former prime minister jumping off a cliff to commit suicide, you wouldn't think this is the best time to contemplate an investment in South Korea. […]

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May 26, 2009

Global Market Comments May 26, 2009 Featured Trades: (TBT), (SPX) 1) Anyone who thinks that we have hit bottom in real estate should start smoking something else. The S&P Case-Shiller National Home Price Index fell 19.1% in Q1, the sharpest drop in history. Charlotte, NC did best, rising 0.3% while Detroit, where prices have fallen […]

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May 22, 2009

Global Market Comments May 22, 2009 Featured Trades: (GOLD), (ABX), ($XEU), (YEN), (NZD), (TO), (POT), (MON), (AFRICA), (W), (DBC) 1) I can't think of a better reason to keep a core long term position in gold than the prospect of the US losing its triple 'A' rating. The chatter about this yesterday took the barbaric […]

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May 21, 2009

Global Market Comments May 21, 2009 Featured Trades: (EEM), (IFN), (FXI) 1)    Investors which took my New Year advice to load up on emerging markets are now facing the vexing problem of what to do with all of their new found wealth. The emerging market ETF has soared by 57% to $33, and two of […]

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May 20, 2009

Global Market Comments May 20, 2009 Featured Trades: (VIX), (JAPAN) 1) California voters resoundingly rejected all five out of six budgetary measures by an overwhelming two to one margin, setting the stage for a new financial crisis. Trashed at the polls were plans to create a rainy day fund, improve education, borrow from the state […]

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May 19, 2009

Global Market Comments May 19, 2009 Featured Trades: (PBR), (TM), (ABX) 1) Obama announced the adoption of California's stringent CAFE standards nationally, which will force car makers to improve gas mileage to 39 mpg for cars and 30 mpg for trucks in six years. The move is expected to save 1.8 million barrels/day of crude […]

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May 18, 2009

Global Market Comments May 18, 2009 Special Las Vegas Money Show Issue Featured Trades: (PBR), (CX), (DUK), (GOLD), (SILVER), ($BSE) 1)    Last week, I dropped in on the rock festival of investment conferences, the Las Vegas Money Show, at the posh and cavernous Mandalay Bay Hotel. A mild 95 degrees outside, I mingled with the […]

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