Global Market Comments June 22, 2009 Featured Trades: (NATURAL GAS), (UNG), (FCEL), (BRK/A), (GS)1) The Potential Gas Committee of the American Gas Association published a report that US reserves have jumped by 35% to 1,836 trillion cubic feet, thanks to the huge discoveries of new shale fields since 2006. Also contributing are the new fracturing
Global Market Comments June 19, 2009Featured Trades: (EEM), (FXI), (MSFT) 1)I managed to get my former Morgan Stanley client on the phone, Templeton emerging market honcho Mark Mobius. This is almost impossible to do, since Mark virtually lives on his Gulfstream, jetting near and far in search of the next great undiscovered investment pick. Mark
Global Market Comments June 18, 2009Featured Trades: (OIL), (USO), (WTIC), (INDIA), ($BSE), (MS), (CALIFORNIA), (LUMBER), (WY)1)There?s nothing like getting up in the morning, taking off your shirt, and splitting a quarter cord of wood to get the blood flowing. One of life?s little pleasures is also calling up investors and telling them their position went
Global Market Comments June 17, 2009 Featured Trades: (WHEAT), (SYT), (MON), (DD), (RSX), (UEC), (VIX) 1) Ho hum. Another day of financial reform debate. Another day of closing the barn door after the horses have bolted. Please stop scratching your fingernails on the chalkboard, will you? What has the market come to? The volatility index (VIX)
Global Market Comments June 16, 2009 Featured Trades: (USO), (DJP), (SPX), (EEM), (TBT), (FXE), (JNK), (HYG), ($USD), (CSJ),(IDU), (WHEAT), (HEALTH CARE) 1)It looks like the worm has finally turned. Hedge funds that rushed headlong into piling on new risk positions as recently as last Friday are now unwinding them today just as fast. All last week
Global Market Comments June 15, 2009Featured Trades: (CVX), (CRUDE), (NLR), (CCJ), (EDF SA), (GOLD), (CRUDE) 1)I heard a little tidbit yesterday that makes me feel like I just ate a bad fish taco. Frontline, the world?s largest tanker company, says that it has 100 million barrels in storage, the equivalent of five days of US
Global Market Comments June 12, 2009 Featured Trades: ($WTIC), (CRUDE), (COPPER), (FCX)1) Since energy is going to be the dominant factor in making our investment decisions for the next decade, I thought it would be a good time to sit down with Carl Pope, Executive Director of the Sierra Club. Carl is as sharp as
Global Market Comments June 11, 2009 Featured Trades: (WTIC), (TBT), (CRUDE), (SPG)1) I chatted with Jeff Rubin last night, former chief economist with CIBC World Markets, who reaffirmed my own hyper-bull case for crude in bucketfuls.? He was in San Francisco, admiring our civic planning and mass transit system, as part of a tour to
Global Market Comments June 10, 2009 Featured Trades: (FLS), (PTEN), (EPD), (KMP), (MS), ($TNX)1) The market has gotten so dead here that I have started watching Suzie Ormand to get trading ideas. So I?m not supposed to run large balances on my credit card? Who knew? A hedge fund friend told me that the market
Global Market Comments June 9, 2009 Featured Trades: (TBT), (CRUDE), ($WTIC)1) Get me out of oil! I love a core long position in this commodity, and expect it to hit $200 before I join the AARP. But we have really gone too far, too fast, and are seriously in overshoot territory. Industry traders have been