Global Market Comments May 27, 2009 Featured Trades: ($KOSPI), (CAL), (GM), (TBT)1) With North Korea testing low grade nukes and short range missiles (think WWII German V2's), and a former prime minister jumping off a cliff to commit suicide, you wouldn't think this is the best time to contemplate an investment in South Korea. You
Global Market Comments May 26, 2009Featured Trades: (TBT), (SPX)1) Anyone who thinks that we have hit bottom in real estate should start smoking something else. The S&P Case-Shiller National Home Price Index fell 19.1% in Q1, the sharpest drop in history. Charlotte, NC did best, rising 0.3% while Detroit, where prices have fallen to 1995
Global Market Comments May 22, 2009 Featured Trades: (GOLD), (ABX), ($XEU), (YEN), (NZD), (TO), (POT), (MON), (AFRICA), (W), (DBC)1) I can't think of a better reason to keep a core long term position in gold than the prospect of the US losing its triple 'A' rating. The chatter about this yesterday took the barbaric relic
Global Market Comments May 21, 2009 Featured Trades: (EEM), (IFN), (FXI)1)?????? Investors which took my New Year advice to load up on emerging markets are now facing the vexing problem of what to do with all of their new found wealth. The emerging market ETF has soared by 57% to $33, and two of my
Global Market Comments May 20, 2009 Featured Trades: (VIX), (JAPAN)1) California voters resoundingly rejected all five out of six budgetary measures by an overwhelming two to one margin, setting the stage for a new financial crisis. Trashed at the polls were plans to create a rainy day fund, improve education, borrow from the state lottery,
Global Market Comments May 19, 2009 Featured Trades: (PBR), (TM), (ABX)1) Obama announced the adoption of California's stringent CAFE standards nationally, which will force car makers to improve gas mileage to 39 mpg for cars and 30 mpg for trucks in six years. The move is expected to save 1.8 million barrels/day of crude by
Global Market Comments May 18, 2009 Special Las Vegas Money Show Issue Featured Trades: (PBR), (CX), (DUK), (GOLD), (SILVER), ($BSE)1)???? ??Last week, I dropped in on the rock festival of investment conferences, the Las Vegas Money Show, at the posh and cavernous Mandalay Bay Hotel. A mild 95 degrees outside, I mingled with the Hawaiian
Global Market Comments May 15, 2009 Featured Trades: (NG), (NATGAS), (WTIC) ?Fiat Lux? 1) Reformed oil man, repenting sinner, and borne again environmentalist T. Boone Pickens says that ?when we turn the US green, it will have the best economy ever.? I met the spry, homespun billionaire at San Francisco?s Mark Hopkins on a leg of
Global Market Comments May 14, 2009 Featrured Trades (GM) 1) I?ll tell you what GM?s problem is. My dad was a lifetime GM customer, religiously?? buying a new Oldsmobile every five years. Once he even flew to Detroit for a factory tour and drove his new prize home. Thirty years ago I told him he
Global Market Comments May 13, 2009 Featured Trades: (GE), (SPX), (BRAZIL)1) Ahem. Excuse me. Did someone out there say sell in May and go away?. Do I sense that risk is coming back into the market? Is it time for a reality check? Helloooo! Crude at $60? Take a look at your charts and you