Entries by DougD

March 20, 2009

Global Market Comments for March 20, 2009 Featured Trades: (GE)1) I thought President Obama did a pretty good job with comedian Jay Leno last night. With some pundits already pronouncing his administration a failure, he has the moxie to appear on a late night talk show. For the last eight years, presidential visits to California

March 19, 2009

Global Market Comments for March 19, 2009 Featured Trades: (C), (GE), (USO), (TBT) 1) Way to go Ben! If pouring gasoline on the fire doesn't work, try nitroglycerine! Some $1.2 trillion in new agency and bond purchases, including previously untoucheable long term treasury bonds. Goodbye dollar, hello 4% home mortgage rates. Just tack on another

March 18, 2009

Global Market Comments for March 18, 2009 Featured Trades: (XLF), (XLY), (RLX), (HGX), (HD) 1) The quality of this rally is convincing some investors that this could be the big one. After financials (XLF), which are having an obvious dead cat bounce, the leaders of the past week have been the sectors that led into

March 17, 2009

Global Market Comments for March 17, 2009 Featured Trades: (REAL ESTATE) 1) I am more convinced than ever that real estate has another 25% to fall, and best case, it is dead money for another five to ten years. The New York Times produced some insightful data on inflation adjusted home prices for the last

March 16, 2009

Global Market Comments for March 16, 2009 Featured Trades: (CHINA), (BAC), (C)1) Fed chairman Ben Bernanke did a great interview with CBS 60 Minutes last night. It's nice to know that the recession 'might' end this year. He ruled out the big banks going to zero, which is great news for Bank of America (BAC)

March 13, 2009

Global Market Comments for March 13, 2009 Featured Trades: ($USD), (DOLLAR)1) I ran into governor Arnold Schwarzenegger at the men's bathroom at San Francisco's Mark Hopkins yesterday, much to the distress of his posse of ex Marine bodyguards. He was there to take credit for hammering together a compromise solution to his state's $42 billion

March 12, 2009

Global Market Comments for March 12, 2009 Featured Trades: (TBT) 1) Forbes Magazine has published its annual list of the 400 wealthiest, and the carnage has been awesome. The net worth of the elite club has shrunk from $4.4 trillion to $2.4 trillion, with the average dropping from $3.9 billion to $3 billion. Bill Gates,

March 11, 2009

Global Market Comments for March 11, 2009 Featured Trades: (GOLD)1) Noted international monetary economist Judy Shelton believes the US should return to at least a partial gold standard to help damp volatility in the $4.4 trillion a day foreign exchange market to hasten an economic recovery. The current 'dirty float' system, where a free market

March 10, 2009

Global Market Comments for March 10, 2009 Featured Trades: (GE), (ABX), (SPX), (WTIC), (OIL) 1) It only took a few dew drops of good news for the Dow to recover from its near death experience and rocket 350 points. The 'I love America trades' of long bonds and Treasuries came back with a vengeance. The

March 9, 2009

Global Market Comments for March 9, 2009 Featured Trades: (COPPER), (XLF), (FCX), (WTIC), (JPM), (WFC), (GS), (BAC), (C)1) Traders looking for the Next Big Play are keeping a laser like focus on two key commodities. Chinese stockpiling prompted copper to break out of its recent trading range to the upside to $1.70, taking lead producer

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