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
Global Market Comments for December 19, 2008 Featured trades: (UAUA), (LUV), ($XJY) 1) Detroit gets $17.4 billion in life support, and the markets go to sleep. It's a Band-Aid over a stab wound through the heart. Industry analysts figure the real cost of a desperately needed ground up remake of Detroit is closer to $125
Global Market Comments for December 19, 2008 Featured trades: (UAUA), (LUV), ($XJY) 1) Detroit gets $17.4 billion in life support, and the markets go to sleep. It's a Band-Aid over a stab wound through the heart. Industry analysts figure the real cost of a desperately needed ground up remake of Detroit is closer to $125
Global Market Comments for December 18, 2008 Featured trades: (VIX)1) Weekly jobless claims fell slightly to 554,000, while continuing claims stayed at a very high 4.38 million. While the 'official' unemployment rate is only 6.8%, the real rate is almost certainly into double digits now because these figures don't include people who have run out
Global Market Comments for December 18, 2008 Featured trades: (VIX)1) Weekly jobless claims fell slightly to 554,000, while continuing claims stayed at a very high 4.38 million. While the 'official' unemployment rate is only 6.8%, the real rate is almost certainly into double digits now because these figures don't include people who have run out
Global Market Comments for December 17, 2008 Featured trades: ($BSE), (TBT), (BAC), WFC), (AMGN), (XOM), (MS), (COF), (VLO), (DRYS)1) The big trade to make in 2009 will be to dump your safe assets, and pour into risky ones. That is what zero interest rates are telling you to do. Throw in the fact that global
Global Market Comments for December 17, 2008 Featured trades: ($BSE), (TBT), (BAC), WFC), (AMGN), (XOM), (MS), (COF), (VLO), (DRYS)1) The big trade to make in 2009 will be to dump your safe assets, and pour into risky ones. That is what zero interest rates are telling you to do. Throw in the fact that global
Global Market Comments for December 16, 2008 Featured trades: (GM), (GS) 1) The Consumer Price Index fell by 1.7% in November, the biggest drop since records began in 1947. New housing starts plunged to an annual rate of only 625,000, an all time low. The replacement rate is 1.2 million units. This helped force the
Global Market Comments for December 16, 2008 Featured trades: (GM), (GS) 1) The Consumer Price Index fell by 1.7% in November, the biggest drop since records began in 1947. New housing starts plunged to an annual rate of only 625,000, an all time low. The replacement rate is 1.2 million units. This helped force the
Global Market Comments for December 15, 2008 Featured trades: (GM), (BAC), (WFC) 1) Yet another weekend of investors furiously paging through IRA's, 401k's, and brokerage statements, struggling to learn if they have been wiped out. The stunning revelations about Bernard L. Madhoff Security Investments, LLC's $50 billion Ponzi scheme, which decimated a good portion of