Global Market Comments for November 26, 2008 Featured trades: (HCBK), (BRK/A), (WB) 1) The relentless drumbeat of dire economic data continues. October consumer spending was down 1%. Durable goods shrank by 6.2%, the lowest since 9/11. Sales of single family homes?? collapsed, -5.3%, a 17 year low. Will the last person leaving the stock market
Global Market Comments for November 25, 2008 Featured trades: (GE), (FSLR), (SPWRA), (CCC) 1) The Fed announced the bail out package du jour, $200 billion for Asset Banked Securities for car loans, credit cards and student loans. They are using a ten to one debt to equity formula, which is absolutely the most efficient use
Global Market Comments for November 25, 2008 Featured trades: (GE), (FSLR), (SPWRA), (CCC) 1) The Fed announced the bail out package du jour, $200 billion for Asset Banked Securities for car loans, credit cards and student loans. They are using a ten to one debt to equity formula, which is absolutely the most efficient use
Global Market Comments for November 24, 2008 Featured trades: (C), (GS), (MS), (NVDA), (GLW), (BRCM) 1) OK, so it was a tough week! Quit whining! Wipe you nose and get back out there and put some trades on! No one ever said this was going to be easy. If it was, your cleaning lady would
Global Market Comments for November 24, 2008 Featured trades: (C), (GS), (MS), (NVDA), (GLW), (BRCM) 1) OK, so it was a tough week! Quit whining! Wipe you nose and get back out there and put some trades on! No one ever said this was going to be easy. If it was, your cleaning lady would
Global Market Comments for November 21, 2008 Featured trades: (GS), (GOOG)1) The Cassandras had a field day yesterday after the decisive break of the 2002 low in the Dow at 7,700, hitting the lowest level since 1997. It seems they were competing with each other to see how dire their downside targets could get. 7,000,
Global Market Comments for November 21, 2008 Featured trades: (GS), (GOOG)1) The Cassandras had a field day yesterday after the decisive break of the 2002 low in the Dow at 7,700, hitting the lowest level since 1997. It seems they were competing with each other to see how dire their downside targets could get. 7,000,
Global Market Comments for November 20, 2008 Featured trades: (VNO), (MSW), (SPG), (GM)1) Weekly jobless claims soared by 27,000 to 542,000, the highest since 1992. Unemployment appears to be going parabolic. It is clear that the consumer rolled over and died in October, and talk is now rife of deflation. All Treasury instruments exploded to
Global Market Comments for November 20, 2008 Featured trades: (VNO), (MSW), (SPG), (GM)1) Weekly jobless claims soared by 27,000 to 542,000, the highest since 1992. Unemployment appears to be going parabolic. It is clear that the consumer rolled over and died in October, and talk is now rife of deflation. All Treasury instruments exploded to
Global Market Comments for November 19, 2008 Featured trades: (MSFT), (ORCL), (SY), (INTU), (PLD) 1) October housing starts came in at a shocking minus -4.5%, a 791,000 annualized rate, 409,000 below the replacement rate. Huge disruptions in the classical economic data by the credit freeze are ongoing, and will continue for the next couple of