Global Market Comments April 13, 2009 Featured Trades: (VIX), ($BVSP), (RSX), ($BSE), (FXI), ($KOSPI), (SPX), (EEM), (TBT), (PHB), (HYG), (FCX), (CHK), (COPPER), (OIL), (NATGAS), ($XEU), (REIT) First Quarter Report CardMany readers have asked me to review my recommendations of the last three months, so here is The Mad Hedge Fund Trader's Q1 report card. I
Global Market Comments April 9, 2009 Featured Trades: (GOLD), (ABX), (GM), (TM) 1) 'There is room for bulls and bears, but pigs get slaughtered,' said Peter Munk, the legendary founder and CEO of Barrick Gold, the world's largest gold producer. This is his admonition to worshipers of the barbaric relic hoping for a quick super
Global Market Comments April 8, 2009 Featured Trades: (PLD), (TBT), (PHM), (CTX)1) I bumped into Jim Lehrer last night, the legendary anchor of 'The News Hour With Jim Lehrer' on PBS, as he breezed through the San Francisco Bay Area promoting his 22nd novel, 'Oh, Johnny'. The ex-Marine, whose first big story was covering the
Global Market Comments April 7, 2009 Featured Trades: (VIX), (SPX)1) Today I spoke to my old Morgan Stanley boss , Barton Biggs, who is so bullish that he believes we are only one third to one half of the way through the current stock market rally. Barton, voted best international strategist for seven years, and
Global Market Comments April 6, 2006 Featured Trades: (CHINA), (CRUDE), ($WTIC)1) Deutsche Bank's former banking analyst Michael Mayo sucker punched the market today, putting out a report ominously entitled 'The Seven Deadly Sins of Banking' listing all 11 major banks as 'underperforms' or 'sells'.?? Talk about closing the gate after the horses have bolted. At
Global Market Comments for April 2, 2009 Featured Trades: (LITHIUM), (SQM), (AMTD), (SCHW), (SWIM) 1) See? All it takes was a little accounting rule change, and Great Depression II will go away. At least that's what the stock market thought today, surging 300 points and blasting through 8,000 in the Dow, up 26% from its
Global Market Comments for April 1, 2009 Featured Trades: (COPPER), (GOLD), (TM), (YEN)1) The March ADP private sector employment report was diabolical once again, showing a loss of 742,000 jobs, the worst monthly showing in history. Boy, am I getting sick of saying 'worse than expected'. To add insult to injury, February was revised up
Global Market Comments for March 31, 2009 Featured Trades: (EBAY), (AAPL), (T), (VZ)1) The migration of American business to online formats is accelerating, with over 1,000 new business being created every day. Internet advertising continues to go from strength to strength, and is one of the few growth sectors of the economy. The Interactive Advertising
Global Market Comments for March 30, 2009 Featured Trades: (FCX), (CRUDE), (NG)1)???? ??Call me an optimist, but I am starting to see crocuses of economic recovery busting out all over. Long side traders now have a spring in their step after a 23% rise in the Dow in three weeks, the best move since 1938.
Global Market Comments for March 27, 2009 Featured Trades: (SCHW), (AMTD), (IYR), (BPO)1) Once thought an extinct species, the retail stock investor is back with a vengeance. It only took a 23% rally, the best since 1938, to do it. Trading volumes are up 15%-20%. It's time to take a look at the online brokerage