Global Market Comments for November 14, 2008 Highlighted Trades: (SPY), (LSBRX), (COP), (WMT) 1) Yesterday we did a month's worth of trading in two hours. The VIX went from 60% to 70%, then back down to 57%. If you have any doubts about what this market is doing, take a look at this chart, which
Global Market Comments for November 14, 2008 Highlighted Trades: (SPY), (LSBRX), (COP), (WMT) 1) Yesterday we did a month's worth of trading in two hours. The VIX went from 60% to 70%, then back down to 57%. If you have any doubts about what this market is doing, take a look at this chart, which
Global Market Comments for November 13, 20081) Weekly jobless claims came in at 516,000, a new seven year high. Oil imports have dropped from 11 million barrels/day to 8.8 million b/d. Because of the huge price drop the cost of these imports has fallen from $1 billion/day to only $500 million/day since July, causing the
Global Market Comments for November 13, 20081) Weekly jobless claims came in at 516,000, a new seven year high. Oil imports have dropped from 11 million barrels/day to 8.8 million b/d. Because of the huge price drop the cost of these imports has fallen from $1 billion/day to only $500 million/day since July, causing the
Global Market Comments for November 12, 2008 Special Crude Oil Issue 1) A number of big hedge funds are starting to circle around $50 as a place to get involved on the long side with crude. Hundreds of companies faced a near death experience with crude at $148, where no business model was profitable. This
Global Market Comments for November 12, 2008 Special Crude Oil Issue 1) A number of big hedge funds are starting to circle around $50 as a place to get involved on the long side with crude. Hundreds of companies faced a near death experience with crude at $148, where no business model was profitable. This
Global Market Comments for November 11, 2008 Highlighted stocks: (WPPGY), (FNM), (JPM), (GM) 1) Once again, buying the dips and selling the rips works. If you sold the S&P mini 830 puts on Friday at $20 and bought them back yesterday at $5, you could then resell them again today for $20. This time they
Global Market Comments for November 11, 2008 Highlighted stocks: (WPPGY), (FNM), (JPM), (GM) 1) Once again, buying the dips and selling the rips works. If you sold the S&P mini 830 puts on Friday at $20 and bought them back yesterday at $5, you could then resell them again today for $20. This time they
Global Market Comments for November 10, 20081) Today it was all about China, which announced a massive $586 billion stimulus package. On a GDP adjusted basis, this is like the US spending $3.3 trillion. The scary thing is that China believes that it has to stimulate an economy with an official growth rate of 8%.
Global Market Comments for November 10, 20081) Today it was all about China, which announced a massive $586 billion stimulus package. On a GDP adjusted basis, this is like the US spending $3.3 trillion. The scary thing is that China believes that it has to stimulate an economy with an official growth rate of 8%.