Global Market Comments October 28, 2009 Featured Trades: (ROACH MOTELS) (FCX), (COPPER), (DOLLAR), (ALTERNATE RESERVE CURRENCY), (LONDON OLYMPICS)1) This is how you trade this market. Buy the dips on any pull back in any asset, keep a tight stop loss, and run like Hell if it get?s triggered. No doubling up or leaning in. There
Global Market Comments October 27, 2009 Featured Trades: (CIA), (TBT), (DBA), (FCX), (USO), (TM), (CVX), (XTO), (RSX), (GOOG), (BIDU) 1) Lunch with the Central Intelligence Agency is always interesting, although five guys built like brick shithouses staring at me intently didn?t help my digestion. Obama?s pick of Leon Panetta as the agency?s new director was controversial
Global Market Comments October 26, 2009Featured Trades: (CANADIAN DOLLAR), (FXC), (AUSTRALIAN DOLLAR), (FXA), (NEW ZEALND DOLLAR), (BNZ), (RSX), (OIL), (ZACHARY KARABELL)1) It?s all about the dollar, which I have despised all year like the red headed stepchild it has become (click here for my initial recommendation). The assured onslaught of federal debt issuance headed our
Global Market Comments October 23, 2009 (SPECIAL WHEAT ISSUE) Featured Trades: (AGU), (POT), (MON), (DBA), (CAT), (JON STEWART) 1) With December wheat (WZ09) tickling $5.48 yesterday, the e-mails are now pouring in from farmers, co-ops, and silo managers in the Great Plains states offering reasons why it should go higher. The Northern states and much
Global Market Comments October 22, 2009Featured Trades: (XOM), (DBA), (USO), (RJI), (AFRICA), (AFK), (GAF), (EWH, (FXI)1) Those of you searching for the 'new normal' better take a close look at the China National Offshore Oil Company's (CNOC) efforts to top Exxon Mobil's (XOM) $4 billion bid for development rights to a giant new field off
Global Market Comments October 21, 2009Featured Trades: (GOOG), (MS), (1987 CRASH), (CVA), (AMSC)1) When people ask me what is the one stock they should put in their kid?s college fund and forget about, I always give them the same company: Google (GOOG). The toll taker for the Internet that controls 70% of the global market
Global Market Comments October 20, 2009 Featured Trades: (DINNER WITH OBAMA), (MS), (BYRON WIEN), (JULIUS CAESAR), 1) The black GM Suburban barreled into the parking structure at San Francisco?s posh St. Francis Hotel, its emergency lights flashing, and quickly disgorged a team of secret service agents. Behind them the armored Cadillac limo screeched to a
Global Market Comments October 19, 2009Featured Trades: (BILL FLECKENSTEIN), (DIN), (RIMM), (JWN), (DOW 10,000), (FSLR) (TRES AMIGAS TRANSMISSION FACILITY)1) I have worshipped legendary hedge fund manager, Bill Fleckenstein, as the God that he is for decades. So I thought it was time to catch up with the noted bear on the day the Dow popped
Global Market Comments October 16, 2009 Featured Trades: (RESIDENTIAL REAL ESTATE), (ETF?s), (CALIFORNIA WINE MARKET)1) I can honestly say that I have worked for the worst boss on the planet, Rupert Murdoch, when I free lanced for his flagship newspaper, The Australian. No matter what I wrote about Japan?s trade down under in sugar, wheat,
Global Market Comments October 15, 2009Featured Trades: (WHEAT), (WZ09), (HELEN THOMAS), (TROLL DOLLS) 1) I bet I?m the only guy you know whose wedding was filmed by the KGB. My friend, the TASS correspondent,? shot 8mm film of the entire assembled foreign press at the event at The Foreign Correspondents Club of Japan in the seventies,