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June 23, 2009

Global Market Comments June 23, 2009 Featured Trades: (SPX), (GXM) 1) Ok, people, the sucker's rally is now over. If you had any doubt, take a look at the insider selling figures for April and May. Corporate selling of stock has soared from $10 billion in April to $63 billion in May.  Insider selling jumped […]

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June 22, 2009

Global Market Comments June 22, 2009 Featured Trades: (NATURAL GAS), (UNG), (FCEL), (BRK/A), (GS) 1) The Potential Gas Committee of the American Gas Association published a report that US reserves have jumped by 35% to 1,836 trillion cubic feet, thanks to the huge discoveries of new shale fields since 2006. Also contributing are the new […]

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June 19, 2009

Global Market Comments June 19, 2009Featured Trades: (EEM), (FXI), (MSFT) 1)I managed to get my former Morgan Stanley client on the phone, Templeton emerging market honcho Mark Mobius. This is almost impossible to do, since Mark virtually lives on his Gulfstream, jetting near and far in search of the next great undiscovered investment pick. Mark […]

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June 18, 2009

Global Market Comments June 18, 2009Featured Trades: (OIL), (USO), (WTIC), (INDIA), ($BSE), (MS), (CALIFORNIA), (LUMBER), (WY) 1)There’s nothing like getting up in the morning, taking off your shirt, and splitting a quarter cord of wood to get the blood flowing. One of life’s little pleasures is also calling up investors and telling them their position […]

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June 17, 2009

Global Market Comments June 17, 2009 Featured Trades: (WHEAT), (SYT), (MON), (DD), (RSX), (UEC), (VIX)   1) Ho hum. Another day of financial reform debate. Another day of closing the barn door after the horses have bolted. Please stop scratching your fingernails on the chalkboard, will you? What has the market come to? The volatility […]

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June 16, 2009

Global Market Comments June 16, 2009 Featured Trades: (USO), (DJP), (SPX), (EEM), (TBT), (FXE), (JNK), (HYG), ($USD), (CSJ),(IDU), (WHEAT), (HEALTH CARE)   1)It looks like the worm has finally turned. Hedge funds that rushed headlong into piling on new risk positions as recently as last Friday are now unwinding them today just as fast. All […]

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June 15, 2009

Global Market Comments June 15, 2009Featured Trades: (CVX), (CRUDE), (NLR), (CCJ), (EDF SA), (GOLD), (CRUDE) 1)I heard a little tidbit yesterday that makes me feel like I just ate a bad fish taco. Frontline, the world’s largest tanker company, says that it has 100 million barrels in storage, the equivalent of five days of US […]

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June 12, 2009

Global Market Comments June 12, 2009 Featured Trades: ($WTIC), (CRUDE), (COPPER), (FCX) 1) Since energy is going to be the dominant factor in making our investment decisions for the next decade, I thought it would be a good time to sit down with Carl Pope, Executive Director of the Sierra Club. Carl is as sharp […]

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June 11, 2009

Global Market Comments June 11, 2009 Featured Trades: (WTIC), (TBT), (CRUDE), (SPG) 1) I chatted with Jeff Rubin last night, former chief economist with CIBC World Markets, who reaffirmed my own hyper-bull case for crude in bucketfuls.  He was in San Francisco, admiring our civic planning and mass transit system, as part of a tour […]

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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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