Global Market Comments January 25, 2010 Featured Trades: (SPX), (TBT), (GLD), (FXA), (UNG), (WHEAT), (CORN), (SOYBEANS), (CYB), (OAKLAND BAY BRIDGE)1) At the Friday close, technical analyst to the hedge fund stars, Charles Nenner, put out his long awaited sell signal on the S&P 500, with the market?s definitive break of the crucial 1,125 support level.
Global Market Comments January 22, 2010 Featured Trades: (FXI), (GOOG), (WFC), (EL NINO) 1) After getting the FBI?s take on the Google brouhaha, I thought I get the other side of the story over dinner with Zhou Wenzhong, China?s ambassador to the United States, and the former vice minister for international affairs. Google gives us a
Global Market Comments January 21, 2010 Featured Trades: (FXI), (CYB), (BRK/A), (BNR), (BTU), (ANR)Note to Readers: Anyone interested in joining me for lunch in San Francisco on Friday, April 23 or New York on Friday, May 7, please email me at mhftorders@yahoo.com to indicate potential interest. I?m currently building a book.The cost will be $95
Global Market Comments January 20, 2010 Featured Trades: (BIDU), (GOOG), (RESIDENTIAL REAL ESTATE), (SHORT CANDIDATES), (CBS), (SIRI), (HTZ), (RAD), (M), (LVS), (AMR), (CAL), (S), (AMD) 1) Long time readers of this letter know that I have been a huge fan of China?s premier Internet search engine, Baidu (BIDU), recommending it back when it was $120/share (click
Global Market Comments January 19, 2010 Featured Trades: (T), (VZ), (HYG), (JNK), (CRUDE), (OIL), (NATURAL GAS), ($WTIC), (USO), (UNG)1) Long time futures trading veteran, Yra Harris, thinks we are in a mini bubble now, which is not built on excessive leverage, and therefore won?t go as high as previous ones.?? The carry trade is now
Global Market Comments January 15, 2010 Featured Trades: (BILL MILLER), (JPM), (IBM), (VENEZUELA), (US TREASURY) 1)?Keep your friends close, and your enemies closer,? said the ancient Chinese general Sun Tzu. I read the diminutive book, Art of War, written in 400 BC, every year and am always astounded by how much applies to trading the markets.
Global Market Comments January 13, 2010 Featured Trades: (HYUNDAI), (KOREA), (WON), (EWY), (CYB), (REI)1) I watched with both amazement and foreboding Japan's share of the US car market grow from 1% in the seventies to 40% in recent years. General Motors made excuses all the way up, as the Japanese ate an inexorably larger share
Global Market Comments January 12, 2010 SPECIAL ETF ISSUE Featured Trades: (ETF?s), (EEM), (EEG), (VWO), (GLD), (SLV), (QQQQ), (XLK), (PPLT), (PALL) 1) Exchange traded funds (ETF?s) could soon replace traditional mutual funds as the primary investment vehicle for individuals because of the huge cost, tax, and liquidity advantages they offer. That?s the opinion of Tom Lydon,
Global Market Comments January 11, 2010 Featured Trades: (NONFARM PAYROLL), (THE OPTIONS WHISPERER), (CHINA'S ONE CHILD POLICY)1) President Obama could not have looked more morose in reacting to the news that the December nonfarm payroll showed a further loss of 85,000 jobs, taking the unemployment rate to 10%. It's really tough to put lipstick on
Global Market Comments January 8, 2010 Featured Trades: (GLOBAL GDP GROWTH), (FXI), (IDX), (EWZ), (EWH), (EWY), (SPAIN), (BILL FLECKENSTEIN), (TBT), (GOLD), (WHEAT), (DIN), (JWN), (RIMM), (HEDGE FUND RADIO) 1) If you want to know who is going to win the international investment sweepstakes, take a look at the table of 2010 consensus GDP Growth Estimates below.