Global Market Comments for February 4, 2009 Featured Trades: (FCX), (CAT), ($BDI), ($BVSP), (EWC), (EWZ), (EWA)1) There is a rare anomaly in the markets now, where mining stocks are trading at huge discounts to the metals they mine. Usually they trade at substantial premiums. This is the result of the credit crisis, as well as
Global Market Comments for February 3, 2009 Featured Trades: (SQM), (CGW), (TIP) Special 'Invade Bolivia' Issue 1) Politicians, industrialists, and environmentalists who see battery powered vehicles as the wave of the future are overlooking the fact that 50% of the world supply of lithium comes from impoverished, landlocked Bolivia. This is a country that until
Global Market CommentsFebruary 2, 2009 Featured Trades: (BX)One month into the year, let's review where we are among major asset classes:'? Stocks are down globally and falling. The Dow is down 10% year to date.'? The long Treasury bond bubble has popped. Corporate bonds of all grades are on a tear.'? There is a bull
Global Market Comments for January 30, 2009 Featured Trades: (AMZN), (GOLD), (AEM) 1) Q4 GDP came in at -3.8%, the worst in 26 years. The only buyer right now is the Federal government. What private spending there is can be found online. Amazon (AMZN) announced December sales up 18% YOY, sparking a 14% jump in
Global Market Comments for January 30, 2009 Featured Trades: (AMZN), (GOLD), (AEM) 1) Q4 GDP came in at -3.8%, the worst in 26 years. The only buyer right now is the Federal government. What private spending there is can be found online. Amazon (AMZN) announced December sales up 18% YOY, sparking a 14% jump in
Global Market Comments for January 29, 2009 Featured Trades: (GOLD), (AEM), (TBT), (HYG), (PHB), (NS) 1) December new home sales fell to a stunning 331,000, 100,000 less than the most dire forecasts.?? Average monthly home sales for 2008 were the worst since 1982. Homebuilders are getting absolutely killed by competition from foreclosures. Every real estate
Global Market Comments for January 29, 2009 Featured Trades: (GOLD), (AEM), (TBT), (HYG), (PHB), (NS)1) December new home sales fell to a stunning 331,000, 100,000 less than the most dire forecasts.?? Average monthly home sales for 2008 were the worst since 1982. Homebuilders are getting absolutely killed by competition from foreclosures. Every real estate indicator
Global Market Comments for January 28, 2009 Featured Trades: (TM), (GM), (GDX), ($GOLD), (ABX), (NEM) 1) The Fed leaves interest rates unchanged, at close to zero. Like they were really going to make them negative? All they can do now is to accelerate quantitative easing measures by buying boatloads of home mortgage, credit card, car
Global Market Comments for January 28, 2009 Featured Trades: (TM), (GM), (GDX), ($GOLD), (ABX), (NEM) 1) The Fed leaves interest rates unchanged, at close to zero. Like they were really going to make them negative? All they can do now is to accelerate quantitative easing measures by buying boatloads of home mortgage, credit card, car
Global Market Comments for January 27, 2009 Featured Trades: (CAT), (CCTYQ) 1) The performance of heavy equipment maker Caterpillar (CAT) is one of the best leading global economic indicators out there. Poor earnings have taken the stock behind the woodshed for a severe whipping, taking down from $85 to $32. So when CEO Jim Owens