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January 13, 2009

Global Market Comments for January 13, 2009 Featured Trades: (PTEN) 1) The 'all clear' signal given by the markets last week has been cancelled. All of the 'feel good' trades, like stronger crude, gold, commodities, and Dow, have all viciously reversed in lockstep. The 'feel bad' trades like a stronger yen, euro yen, and Treasuries […]

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January 12, 2009

Global Market Comments for January 12, 2009 Featured Trades: (FLS) 1) If you had any doubt where the next equity play is going to be, take a look at the chart below, which I lifted from The Economist. It shows that by the end of this year, 80% of GDP growth will be generated by […]

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January 9, 2009

Global Market Comments for January 9, 2009 Featured Trades: (NUE), (WMT), (AMTD), (SWIM), (SCHW) 1) The December nonfarm payroll came in at 524,000, taking the unemployment rate up to a 26 year high of 7.2%. At least the Labor Dept. didn't post a job loss of a million, as the Cassandras had predicted. More than […]

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January 8, 2009

Global Market Comments for January 8, 2009 Featured Trades: (TRN), (JEC), (WTIC) 1) It is still possible to buy stocks on the cheap that will benefit greatly from the massive public works projects Obama is about to unleash. Trinity Industries (TRN), a major provider of concrete and aggregates with a presence in construction and rail […]

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January 7, 2009

Global Market Comments for January 7, 2009 Featured Trades: (AA), (FSLR) 1) The market came back to Earth today, the Dow suffering the first down day of 2009. The guilty characters could populate one of those Agatha Christie mysteries where everyone did it except the butler. Take your pick: an ADP report showing 693,000 job […]

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January 6, 2009

Global Market Comments for January 6, 2009 Featured Trades: ($TYX), (X), (NUE), (WMT), (MCD) 1) The markets are signaling that the credit crisis is over, and that it is now safe to come out of your bunker. The 30 year Treasury has collapsed ten points in the last week, taking yields from 2.60% back over […]

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January 5, 2009

Annual Asset Class Review January 5, 2009 Featured Trades: (VIX), ($BVSP), (RSX), ($BSE), (FXI), ($KOSPI), (TBT), (JNK), (PHB), (HYG), (COPPER),(FCX), (CHK), ($XEU) After the annus horriblus of 2008, I thought it would be a good time to review the major asset classes and suggest reallocations. Equities: UP The collapse of the volatility index (VIX) is […]

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December 30, 2008

Global Market Comments for December 30, 2008 Featured trades: (MS), (GS), (WM), (BS), (FNM), (FRE), (AIG), ($GOLD), (WTIC) I thought I would resend you the market forecasts I sent a year ago, in case you missed them. 1) A young black guy you never hear of, whose middle name is Hussein, will be elected President […]

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December 29, 2008

Global Market Comments for December 29, 2008 Featured trades: (TM), (GM) 1) Employment consultants Challenger, Gray & Christmas see the worst jobs market since the Great Depression in 2009. We have lost 732,000 jobs since November, and another one million are to go during the first half of next year. There are now 2.2 million […]

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December 24, 2008

Global Market Comments for December 24, 2008 Featured trades: (PLD), (WTIC) 1) Consumers slashed spending 0.6% in November, despite rapidly falling prices. Unemployment claims jumped 30,000 to 586,000, a 14 year high. National savings rates are soaring from zero to 5%, as baby boomers rush to rebuild seriously depleted nest eggs going into a feared […]

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Global Market Comments for December 23, 2008

1)Existing home sales plunged 8.6% in November to 4.49 million, according to the National Association of Realtors. The median sales price fell by the largest amount on record, plunging 13.2% in November to $181,300, from $208,000 a year ago. That was the lowest price since February 2004 and the biggest year-over-year drop since the index […]

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December 22, 2008

Global Market Comments for December 22, 2008 Featured trades: (SKS), (WMT), (TGT), (JWN) 1) Traders were expecting a Santa Rally today and got a Grinch instead, with a three digit decline in the Dow. Markets were buzzing about a piece on the front page of the Wall Street Journal today announcing the impending demise of […]

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December 19, 2008

Global Market Comments for December 19, 2008 Featured trades: (UAUA), (LUV), ($XJY) 1) Detroit gets $17.4 billion in life support, and the markets go to sleep. It's a Band-Aid over a stab wound through the heart. Industry analysts figure the real cost of a desperately needed ground up remake of Detroit is closer to $125 […]

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December 18, 2008

Global Market Comments for December 18, 2008 Featured trades: (VIX) 1) Weekly jobless claims fell slightly to 554,000, while continuing claims stayed at a very high 4.38 million. While the 'official' unemployment rate is only 6.8%, the real rate is almost certainly into double digits now because these figures don't include people who have run […]

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December 17, 2008

Global Market Comments for December 17, 2008 Featured trades: ($BSE), (TBT), (BAC), WFC), (AMGN), (XOM), (MS), (COF), (VLO), (DRYS) 1) The big trade to make in 2009 will be to dump your safe assets, and pour into risky ones. That is what zero interest rates are telling you to do. Throw in the fact that […]

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