Global Market Comments for January 12, 2009 Featured Trades: (FLS)1) If you had any doubt where the next equity play is going to be, take a look at the chart below, which I lifted from The Economist. It shows that by the end of this year, 80% of GDP growth will be generated by emerging
Global Market Comments for January 9, 2009 Featured Trades: (NUE), (WMT), (AMTD), (SWIM), (SCHW) 1) The December nonfarm payroll came in at 524,000, taking the unemployment rate up to a 26 year high of 7.2%. At least the Labor Dept. didn't post a job loss of a million, as the Cassandras had predicted. More than
Global Market Comments for January 9, 2009 Featured Trades: (NUE), (WMT), (AMTD), (SWIM), (SCHW)1) The December nonfarm payroll came in at 524,000, taking the unemployment rate up to a 26 year high of 7.2%. At least the Labor Dept. didn't post a job loss of a million, as the Cassandras had predicted. More than 11
Global Market Comments for January 8, 2009 Featured Trades: (TRN), (JEC), (WTIC) 1) It is still possible to buy stocks on the cheap that will benefit greatly from the massive public works projects Obama is about to unleash. Trinity Industries (TRN), a major provider of concrete and aggregates with a presence in construction and rail
Global Market Comments for January 8, 2009 Featured Trades: (TRN), (JEC), (WTIC) 1) It is still possible to buy stocks on the cheap that will benefit greatly from the massive public works projects Obama is about to unleash. Trinity Industries (TRN), a major provider of concrete and aggregates with a presence in construction and rail
Global Market Comments for January 7, 2009 Featured Trades: (AA), (FSLR) 1) The market came back to Earth today, the Dow suffering the first down day of 2009. The guilty characters could populate one of those Agatha Christie mysteries where everyone did it except the butler. Take your pick: an ADP report showing 693,000 job
Global Market Comments for January 7, 2009 Featured Trades: (AA), (FSLR) 1) The market came back to Earth today, the Dow suffering the first down day of 2009. The guilty characters could populate one of those Agatha Christie mysteries where everyone did it except the butler. Take your pick: an ADP report showing 693,000 job
Global Market Comments for January 6, 2009 Featured Trades: ($TYX), (X), (NUE), (WMT), (MCD) 1) The markets are signaling that the credit crisis is over, and that it is now safe to come out of your bunker. The 30 year Treasury has collapsed ten points in the last week, taking yields from 2.60% back over
Global Market Comments for January 6, 2009 Featured Trades: ($TYX), (X), (NUE), (WMT), (MCD)1) The markets are signaling that the credit crisis is over, and that it is now safe to come out of your bunker. The 30 year Treasury has collapsed ten points in the last week, taking yields from 2.60% back over 3.15%.
Annual Asset Class Review January 5, 2009 Featured Trades: (VIX), ($BVSP), (RSX), ($BSE), (FXI), ($KOSPI), (TBT), (JNK), (PHB), (HYG), (COPPER),(FCX), (CHK), ($XEU) After the annus horriblus of 2008, I thought it would be a good time to review the major asset classes and suggest reallocations. Equities: UP The collapse of the volatility index (VIX) is