Global Market Comments August 7, 2009 Featured Trades: (NATURAL GAS), (UNG), (WHEAT), (TBT), (GOLD), (SILVER) 1) Where have all the cheap things gone? Now is the time to exercise your discipline and not behave like a stray dog chasing a fire engine in a crummy neighborhood. Only shop for the bombed out stuff, what stock
Global Market Comments August 6, 2009 Featured Trades: (UNG), (NATURAL GAS), (DVN), (CHK) Special Natural Gas Issue 1)I have been a growling, obnoxious, and highly unpopular bear on natural gas since I put out my sell recommendation on June 2 , just before the crash from $4.30 to $3.10. Since then it has been bouncing around
Global Market Comments August 5, 2009Featured Trades: (SPX), (F)1)Welcome to the new bubble. In four months we have gone from 35% below the 200 day moving average to 15% above. It turns out that 1,000 in the S&P 500 is 38.2% recovery of the fall from the 2007 peak, a great Fibonacci number. DeMark indicators
Global Market Comments August 4, 2009Featured Trades: (EURO), ($CAD), ($AUS), ($NZD), (JNK), (PHB), (HYG), (EWY) 1) The chickens are finally coming home to roost for the dollar, which has gapped since Thursday from $1.40 down to $1.4450 against the euro, and done even worse again the Australian, Canadian, and New Zealand currencies. Crude traders tell me
Global Market Comments August 3, 2009Featured Trades: (NATURAL GAS), (TM)Special Announcement 1) The Mad Hedge Fund Trader will be presenting a lecture to San Francisco?s prestigious Commonwealth Club of California at 5:30 pm on Tuesday, August 11, 2009. It is entitled Does America Have a Future? I will give a brief history of the hedge fund
Global Market Comments July 31, 2009Featured Trades: (SPX), (GS), (MS), (KBE)1) I thought PIMCO co-CEO Mohamed El-Erian hit the nail on the head when he said that the July stock market rally was nothing more than a sugar high. Skyrocketing unemployment does not create new demand. We are going nowhere without a real housing recovery,
Global Market Comments July 30, 2009 Featured Trades: (SPX), (DOW), ($XAD), ($CDW), ($NZD), (COPPER), (LUMBER), (WHEAT), (NATURAL GAS), (GOLD)1) OK, so they didn't mention the mosquitoes, the poison oak, or the guy snoring in the next tent on the website. But I'd rather put up with all of that than the absolute dearth of trading
Global Market Comments July 24, 2009 Featured Trades: (SPX), ($INDU), (NASDAQ), (DO), (JAPAN), (CALIFORNIA) Note to Subscribers: The Diary of a Mad hedge Fund Trader will not be published on July 27, 28, and 29. It?s time to clear out the cobwebs and restore my animal spirits. These days will be added on to the
Global Market Comments July 23, 2009 Featured Trades: (FCX), (COPPER), (CAT) 1) One of my favorite stocks, and one of the great ?tells? on the state of the global economy is Freeport McMoRan (FCX), the world?s largest copper and gold producer. CEO, Richard Adkerson, says it?s all about ?China, China, China?, which has been frenetically stimulating
Global Market Comments July 22, 2009 Featured Trades: (SPX)1) Let me tell you that I, and the rest of the hedge fund industry, are highly suspicious of the global stock market rally that has ensued over the past week. Companies lowered earnings expectations so far they were easy to beat, and could be achieved by