Global Market Comments May 6, 2009 Featured Trades: (BAC), (WFC), (1688.HK) 1) Volatility alert! Volatility alert! The ADP employment report showed 491,000 in job losses for April. Whoopee! We are only losing 16,000 jobs a day instead of 20,000! But the consensus for the Friday's nonfarm payroll is -650,000. The divergence is sure to boost
Global Market Comments May 5, 2009Featured Trades: (BIDU), (GOOG), (NTES), (SINA), (SOHU), (EEM), (TBT) 1) Has anyone noticed how boring things have gotten, or is it just me? After enduring 1,000 point daily ranges in the Dow, a volatility index at 88%, and blue chips stocks going to zero, maybe my nerve endings are scarred.
Global Market Comments May 4, 2009 Featured Trades: (RCC), (CUK), (SFD), (CHL), (EWT), ($XJY) 1) San Francisco Bay looks like Normandy on D-Day today, invaded by a flotilla of cruise ships diverted by the swine flu from Mexican destinations. Two ships from Carnival (CUK) and one from Royal Caribbean (RCC) are docked at piers normally
Global Market Comments May 1, 2009 Featured Trades: (COAL), (TBT), (SPX), (CRUDE), ($USB), (BAC) 1) OK guys, it's May. Go Away. I mean vamoose, andele, raus, ike nasai! You've just had the best two month run in 30 years. It's time to sit down and smell the roses. Go climb that Alpine peak you've always
The Mad Hedge Fund Trader Global Market Comments April 30, 2009 Featured Trades: (TBT), (EUROYEN) 1) The whir of the printing presses again spooked the bond market, taking ten year Treasury bond yields up to 3.14%, and the 30 year to 4.10%, a one year high. This is going to be a recurring event over
Global Market Comments April 29, 2009 Featured Trades: (JNK)1) Q1 GDP came in at minus 6.1%, much worse than expected, hitting the economy's green shoots with a fatal dose of herbicide. There will no doubt be some at the Fed who are green around the gills over this one. There was a surprise fall in
Global Market Comments April 28, 2009 Featured Trades: (HANG SENG), (IBM), (LUMBER) 1) There is something wrong with this picture.?? The Chinese stock market is shouting at us that the bull market is back, while the price of crude is telling us in more surreptitious tones that this is a bear market rally that will
Global Market Comments April 27, 2009 Featured Trades: (HANG SENG), (AA), (CCL), (RCL), (GILD), (RAD), (GSK), (GM), (F) 1) A few bad tacos in Mexico, and all of a sudden the world has gone apoplectic about another Spanish flu epidemic, when 5% of the global population died, or 50 million. The State Department banned non
Global Market Comments April 24, 2009 Featured Trades: (MS), (REIT), (PLD), (KIM), (VNO), (AMB), (CIM), (SOYBEANS) 1) The big listed REIT's are grasping for a life raft, a life preserver, or a flotation device of any description they can get their hands on. Even Pamela Anderson will do! They have used this month's ferocious short
Global Market Comments April 23, 2009 Featured Trades: (MS), (GS), (EEM), (RST), (GM)1)?? I have to confess that when my alma mater, Morgan Stanley (MS), announces earnings, it still tugs at the heart strings. We endlessly outperformed expectations, but laughed because we knew there were tons of latent profits sitting on the back books. The