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March 24, 2009

Global Market Comments for March 24, 2009 Featured Trades: (COPPER) 1) 'I said a few months ago that Washington was all in. We are now all in squared. The FDIC, Fed, and the Treasury are making a concerted effort to turn deflationary swamp water in inflationary wine.'  Ah, Paul McCulley, man of Virginia, you have […]

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March 23, 2009

Global Market Comments for March 23, 2009 Featured Trades: (BAC), (JAVA), (MSFT), (IBM), (NTAP), (SNDK), (EMC), (CTXS), (CRUDE), (GOLD), (TM), (HONDA) 1) I'm sorry I'm late getting my comments out today, but I had to get my application in to manage the Treasury's latest $1 trillion bailout program. They're due April 10, and I wanted […]

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March 20, 2009

Global Market Comments for March 20, 2009 Featured Trades: (GE) 1) I thought President Obama did a pretty good job with comedian Jay Leno last night. With some pundits already pronouncing his administration a failure, he has the moxie to appear on a late night talk show. For the last eight years, presidential visits to […]

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March 19, 2009

Global Market Comments for March 19, 2009 Featured Trades: (C), (GE), (USO), (TBT) 1) Way to go Ben! If pouring gasoline on the fire doesn't work, try nitroglycerine! Some $1.2 trillion in new agency and bond purchases, including previously untoucheable long term treasury bonds. Goodbye dollar, hello 4% home mortgage rates. Just tack on another […]

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March 18, 2009

Global Market Comments for March 18, 2009 Featured Trades: (XLF), (XLY), (RLX), (HGX), (HD) 1) The quality of this rally is convincing some investors that this could be the big one. After financials (XLF), which are having an obvious dead cat bounce, the leaders of the past week have been the sectors that led into […]

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March 17, 2009

Global Market Comments for March 17, 2009 Featured Trades: (REAL ESTATE) 1) I am more convinced than ever that real estate has another 25% to fall, and best case, it is dead money for another five to ten years. The New York Times produced some insightful data on inflation adjusted home prices for the last […]

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March 16, 2009

Global Market Comments for March 16, 2009 Featured Trades: (CHINA), (BAC), (C) 1) Fed chairman Ben Bernanke did a great interview with CBS 60 Minutes last night. It's nice to know that the recession 'might' end this year. He ruled out the big banks going to zero, which is great news for Bank of America […]

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March 13, 2009

Global Market Comments for March 13, 2009 Featured Trades: ($USD), (DOLLAR) 1) I ran into governor Arnold Schwarzenegger at the men's bathroom at San Francisco's Mark Hopkins yesterday, much to the distress of his posse of ex Marine bodyguards. He was there to take credit for hammering together a compromise solution to his state's $42 […]

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March 12, 2009

Global Market Comments for March 12, 2009 Featured Trades: (TBT) 1) Forbes Magazine has published its annual list of the 400 wealthiest, and the carnage has been awesome. The net worth of the elite club has shrunk from $4.4 trillion to $2.4 trillion, with the average dropping from $3.9 billion to $3 billion. Bill Gates, […]

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March 11, 2009

Global Market Comments for March 11, 2009 Featured Trades: (GOLD) 1) Noted international monetary economist Judy Shelton believes the US should return to at least a partial gold standard to help damp volatility in the $4.4 trillion a day foreign exchange market to hasten an economic recovery. The current 'dirty float' system, where a free […]

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March 10, 2009

Global Market Comments for March 10, 2009 Featured Trades: (GE), (ABX), (SPX), (WTIC), (OIL) 1) It only took a few dew drops of good news for the Dow to recover from its near death experience and rocket 350 points. The 'I love America trades' of long bonds and Treasuries came back with a vengeance. The […]

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March 9, 2009

Global Market Comments for March 9, 2009 Featured Trades: (COPPER), (XLF), (FCX), (WTIC), (JPM), (WFC), (GS), (BAC), (C) 1) Traders looking for the Next Big Play are keeping a laser like focus on two key commodities. Chinese stockpiling prompted copper to break out of its recent trading range to the upside to $1.70, taking lead […]

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March 6, 2009

Global Market Comments for March 6, 2009 Featured Trades: (GE), (C), (FXI),(BIDU), (SOHU), (NTES) 1) February nonfarm payroll came in at -651,000, taking the unemployment rate up to 8.1%, a 25 year high. The unemployment rate in California is now well over 10%. There were huge revisions up in the December and January figures. Remember […]

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March 5, 2009

Global Market Comments for March 5, 2009 Featured Trades: (GE), ($XEU), (GOOG) 1) Q4 European GDP came in at -1.5%. Consumer spending registered the sharpest fall on record, while exports fell off a cliff, the victim of a relentless shrinking of globalization. The euro ($XEU), down to $1.2450, is flirting with a new four year […]

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March 4, 2009

Global Market Comments for March 4, 2009 Featured Trades: (SILVER), (GOLD) 1) The February ADP employment report showed a loss of 697,000 jobs. Since we are probably in a minus 6% GDP quarter, expect these numbers to remain grisly for months to come. Watch for the Labor Department's nonfarm payroll on Friday, which will be […]

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