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.
Global Market Comments January 7, 2010 Featured Trades: (SPX), (DOW), (OBAMA), (DBA), (GLD), (MOO), (PHO), (USO) 1) With all of the handwringing about the zero return on US equities for the last decade, I thought I'd better take a look at the long term charts. It's very clear that we have been trading in a
Global Market Comments January 6, 2010 Featured Trades: (HEDGE FUND REGULATION), (CCJ), (NLR), (EWY), (BLONDES), (FXI), (EEM) 1) You?d think with the spectacular performance I was fortunate to bring in last year, I would have new investors pouring in over the transom, bombarding me with requests for offering documents, and asking for presentations to investment committees.
Global Market Comments January 5, 2010 Featured Trades: (TOP TEN SURPRISES OF 2010), (ZERO HEDGE), (HEDGE FUND RADIO), (MANAGED FUTRES ACCOUNTS), (CTA?S) 1) My Top Ten Surprises of 2010My friend and former Morgan Stanley colleague, Byron Wien, now at Blackstone Group (BX), initiated this concept? a few decades ago, which I always find a useful intellectual
2010 Asset Allocation Review January 4, 2010The Thumbnail PortfolioEquities-up, then down Bonds-Corporates up, then down. Treasuries down, down, down Currencies-dollar up, then down Commodities-up, up, and way Precious Metals-sideways, then up Real estate-down to sideways1) The Economy I am not of the 'V' or 'W' persuasion, but see a 'square root' shaped economic recovery, a
Global Market Comments December 24, 2009 Featured Trades: (HEDGE FUND RADIO)1) My guest on Hedge Fund Radio this week is David Gurwitz, the engaging and highly entertaining managing director of Charles Nenner Research, and a long time hedge fund industry veteran. Charles graduated from the famous Bronx High School of Science, and promptly tried out
Global Market Comments December 23, 2009 Featured Trades: (INTERVIEW WITH SANTA CLAUS) 1) OK guys. I get the message. Yesterday?s letter elicited no less than 100 out-of-office replies. So I?m going to take the hint and disappear for a few days. It?s two days until Christmas, and I haven?t even put my outside lights up yet.
Global Market Comments December 22, 2009 Featured Trades: (JOHN BRADY?S 2010 STRATEGY), (SPX), (TBT), (GOLD, (EWZ), (EZA), (XOM), (XTO), (CAP & TRADE), (A CHRISTMAS STORY) 1) MF Global?s strategist for interest rate products, John Brady, sees the S&P 500 rocketing 18% to 1,300 during the first half of 2010, driven by enormous productivity gains that are
Global Market Comments December 21, 2009 Featured Trades: (BUREAU OF LABOR STATISTICS), (CHINESE NUCLEAR PROGRAM), (CHINESE SECURITIES REGULATION)1) Those of you counting on getting your old job back on the assembly line in Detroit better look at the eight year jobs forecast published today by the Bureau of Labor Statistics. The table shows that 4.19