Global Market Comments June 8, 2009 Featured Trades: (VIETNAM), (BIDU), (SOHU), (NTES), (SINA), (GOLD)1) If you think that the place where China does its offshoring would be a great investment, you'd be right. Vietnam has been one of the top performing stock markets this year, its index rising by an amazing 85%.?? It was a
Global Market Comments June 3, 2009 Featured Trades: (C), (BAC), (MS), (GS), (JPM), (LUMBER)1) For me it's d??j?? vu all over again. When I traded the Nikkei during the nineties, every market rally was capped by a predictable flood of new equity issuance by cash starved, undercapitalized Japanese banks. It sucked the life out of
Global Market Comments June 2, 2009 Featured Trades: (SILVER), (NATURAL GAS), (GM)1) The big thing for me yesterday was the long awaited (well, maybe not so long) upside breakout in silver to a new six months high of $16.00, up 95% from the October lows. Please see my warning of the impending move at. The
Global Market Comments June 1, 2009 Featured Trades: (CRB), (GOLD), (CRUDE), (SILVER), (MEE), (FCX), (MSFT), (ORCL), (INTC), (CSCO)1) If you have been aggressively long commodities of every size, shape, color, and flavor, as I have been all year, then you just had one of the best trading months of your career. The CRB index rocketed
Global Market Comments May 29, 2009 Featured Trades: (GM), ($BDI), (DRYS) Special Shipping Issue1)The imminent demise of General Motors (GM) will be a nail in the coffin for the commercial real estate market, which I believe will be the financial crisis of 2009. Some 2,000 dealers are being axed, dumping hundreds of millions of square
Global Market Comments May 28, 2009 Featured Trades: ($WTIC), ($NATGAS)1) That great sucking sound you hear is the air going out of the housing recovery- punctured by the collapse of the bond market and the spike in interest rates. Interest rates on 30 year fixed rate mortgages gapped up from 5.03% to 5.29% in just
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