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: UPThe collapse of the volatility index (VIX) is telling us that
Global Market Comments for December 30, 2008 Featured trades: (MS), (GS), (WM), (BS), (FNM), (FRE), (AIG), ($GOLD), (WTIC) I thought I would resend you the market forecasts I sent a year ago, in case you missed them.1) A young black guy you never hear of, whose middle name is Hussein, will be elected President in
Global Market Comments for December 30, 2008 Featured trades: (MS), (GS), (WM), (BS), (FNM), (FRE), (AIG), ($GOLD), (WTIC) I thought I would resend you the market forecasts I sent a year ago, in case you missed them.1) A young black guy you never hear of, whose middle name is Hussein, will be elected President in
Global Market Comments for December 29, 2008 Featured trades: (TM), (GM) 1) Employment consultants Challenger, Gray & Christmas see the worst jobs market since the Great Depression in 2009. We have lost 732,000 jobs since November, and another one million are to go during the first half of next year. There are now 2.2 million
Global Market Comments for December 29, 2008 Featured trades: (TM), (GM) 1) Employment consultants Challenger, Gray & Christmas see the worst jobs market since the Great Depression in 2009. We have lost 732,000 jobs since November, and another one million are to go during the first half of next year. There are now 2.2 million
Global Market Comments for December 24, 2008 Featured trades: (PLD), (WTIC)1) Consumers slashed spending 0.6% in November, despite rapidly falling prices. Unemployment claims jumped 30,000 to 586,000, a 14 year high. National savings rates are soaring from zero to 5%, as baby boomers rush to rebuild seriously depleted nest eggs going into a feared Depression.
Global Market Comments for December 24, 2008 Featured trades: (PLD), (WTIC)1) Consumers slashed spending 0.6% in November, despite rapidly falling prices. Unemployment claims jumped 30,000 to 586,000, a 14 year high. National savings rates are soaring from zero to 5%, as baby boomers rush to rebuild seriously depleted nest eggs going into a feared Depression.
1)Existing home sales plunged 8.6% in November to 4.49 million, according to the National Association of Realtors. The median sales price fell by the largest amount on record, plunging 13.2% in November to $181,300, from $208,000 a year ago. That was the lowest price since February 2004 and the biggest year-over-year drop since the index
1)Existing home sales plunged 8.6% in November to 4.49 million, according to the National Association of Realtors. The median sales price fell by the largest amount on record, plunging 13.2% in November to $181,300, from $208,000 a year ago. That was the lowest price since February 2004 and the biggest year-over-year drop since the index
Global Market Comments for December 22, 2008 Featured trades: (SKS), (WMT), (TGT), (JWN)1) Traders were expecting a Santa Rally today and got a Grinch instead, with a three digit decline in the Dow. Markets were buzzing about a piece on the front page of the Wall Street Journal today announcing the impending demise of the