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 $3.3 trillion. The scary thing is that China believes that it has to stimulate an economy with an official growth rate of 8%.
Global Market Comments for November 7, 2008 1) The dreaded October non farm payroll came in at minus -240,000, much worse than expected. The unemployment rate soared from 6.1% to 6.5%, a 14 year high. These figures included the Boeing strike and the full brunt of the credit freeze. We have lost 1.2 million jobs
Global Market Comments for November 7, 2008 1) The dreaded October non farm payroll came in at minus -240,000, much worse than expected. The unemployment rate soared from 6.1% to 6.5%, a 14 year high. These figures included the Boeing strike and the full brunt of the credit freeze. We have lost 1.2 million jobs
Global Market Comments for November 6, 20081) The Obama hangover hits. Any doubts we are stuck in an 8,000-10,000 range for the Dow for the foreseeable future were washed away with the 1,000 point sell off in the Dow from yesterday's high. Reality is such a bitch! It didn't help that Cisco's John Chambers said
Global Market Comments for November 6, 20081) The Obama hangover hits. Any doubts we are stuck in an 8,000-10,000 range for the Dow for the foreseeable future were washed away with the 1,000 point sell off in the Dow from yesterday's high. Reality is such a bitch! It didn't help that Cisco's John Chambers said
Global Market Comments for November 5, 2008 Special Gold Issue Featured Trades: ($GOLD)1) Last year, South Africa suffered its steepest decline in gold production since 1901, falling 14%, to a mere 232 tons. It now ranks only third in global production of the yellow metal, after China and the US. Severe electricity rationing, a shortage