Global Market Comments July 13, 2009 Featured Trades: (SPX), (NATURAL GAS), (IRAQ), (MO) 1) Every once in a while I stumble across a chart which is so clear, so vivid, so unequivocal in its implications, that it lifts the investment fog. This is that chart. Drawn up by stockchart.com?s Arthur Hill, it shows that we are
Global Market Comments July 10, 2009 Featured Trades: (TBT), (TLT), (SPX) 1) The incredible melt up in Treasuries yesterday tells you that traders are dumping the global reflation trade like a hot potato. The ten year yield spiked up to a high of 3.28%, down from 4% only a month ago. Yesterday?s auction of ten year
Global Market Comments July 9, 2009 Featured Trades: (SPX), (EURO/YEN), (GS)1) If anyone is wondering what that foul odor is, it's the sushi that hit the fan. Even the most obstinate,?? Kool Aid drinking perma bulls now concede the head and shoulders is in on the S&P 500. That great barometer of global risk taking,
Global Market Comments July 8, 2009 Featured Trades: (OIL), (SPX), (EEM), (DBA), (GLD), (XEU), (XJY), (VIX), (SDS), (DRR), (NATURAL GAS), (WHEAT), (CORN)? 1) I am about to do you a huge favor. You can clear all of the stock tickers and widgets off of your computer desktop. The only thing you need to watch now are
Global Market Comments July 7, 2009Featured Trades: (CRUDE), ($WTIC), (EURO), (FSLR)? 1) The stage is now set for the dollar. With the US 20 months into a recession, it?s just a matter of time before the Feds pull us back from zero interest rates. With the ECB late to the funeral, European Central Bank president, Jean-Claude
Global Market Comments July 6, 2009Featured Trades: (SPX), (GMGMQ), (T-M), (HMC), (IRAN)? 1) OK, so I don?t really open beer bottles with my teeth and do my own tattoos. But my call that the ?golden cross? in the S&P 500 on June 23 was a bogus one turned out to be a bulls eye, and the
Global Market Comments July 2, 2009 Featured Trades: (BA), (COAL)1) I spent the evening with Dr. Janet Yellen, the president of the Federal Reserve Bank of San Francisco. She thinks that thanks to the government?s tax cuts and spending programs, we will be out of the recession by the end of this year. After massive
Global Market Comments July 1, 2009Featured Trades: (VIX), ($BVSP), (RSX), ($BSE), (FXI), (EEM), ($KOSPI), (TBT), (JNK), (PHB), (HYG), (FCX), (X), (CHK), ($XEU)1) Equities: UPThe collapse of the volatility index (VIX) is telling us that the horrific, gut churning, 10% daily moves are over. But equities are no longer a US play. Extracting the insane leverage
Global Market Comments June 30, 2009 Featured Trades: (SPX), (SNE), (CGW), (PHO), (FIW), (TTEK), (VE), (PNR), (AMZN)1) As much as I like to open beer bottles with my teeth, do my own tattoos, and roll around in the snow naked and beat myself with birch branches, when it comes to pain in my investment portfolio,
Global Market Comments June 29, 2009 Featured Trades: (TBT), (JAPAN), (CALIFORNIA), (UNG), (WHEAT)1) For those who missed the 70% move in the TBT this year, the double short Treasury bond ETF, another window is setting up for you to get in. After running up from $35 to a meteoric $60, we have backed off to