Global Market Comments for August 5, 20081) Stocks finally noticed that crude has fallen $30 in a month.2) Pawn shops are now a booming business, which see 60% of their income from scrap gold. EZCorp (EZPW) is up 95% this year, Cash America International (CSH) is up 78%, and First Cash Financial Services (FCFH) is
Global Market Comments for August 4, 20081) Hurricane Edward showed up and the US threatened to close the Straights of Hormuz, but crude didn't go up. Therefore, it had to go down, crashing $7 to $119. But the only way to make oil seem cheap at $119 is to start out at $148. Natural gas
Global Market Comments for August 4, 20081) Hurricane Edward showed up and the US threatened to close the Straights of Hormuz, but crude didn't go up. Therefore, it had to go down, crashing $7 to $119. But the only way to make oil seem cheap at $119 is to start out at $148. Natural gas
Global Market Comments for August 1, 20081) The July non farm payroll came in at -51,000 and the unemployment rate shot up to 5.7%, a four year high. Short McCain.2) The mortgage crisis will eventually be solved by the hedge fund industry, which, with $2 trillion in preserved capital, is taking over many functions until
Global Market Comments for August 1, 20081) The July non farm payroll came in at -51,000 and the unemployment rate shot up to 5.7%, a four year high. Short McCain.2) The mortgage crisis will eventually be solved by the hedge fund industry, which, with $2 trillion in preserved capital, is taking over many functions until
Global Market Comments for July 31, 20081) Q2 GDP came in at 1.9%, miles away from a recessionary reading. Domestic weakness is being more than offset by international, energy and commodity profits. If you don't have income from any of these areas then you are toast. Weekly jobless claims soared again by 48,000 to 448,000,
Global Market Comments for July 31, 20081) Q2 GDP came in at 1.9%, miles away from a recessionary reading. Domestic weakness is being more than offset by international, energy and commodity profits. If you don't have income from any of these areas then you are toast. Weekly jobless claims soared again by 48,000 to 448,000,
Global Market Comments for July 30, 20081) Panic buying of crude is back. Weekly gasoline inventories showed a shocking decline of 3.5 million barrels, so crude soared $7 to $127. The $120 level was a perfect bear trap. Goldman Sachs put out a report that current demand destruction is temporary and that crude will hit
Global Market Comments for July 30, 20081) Panic buying of crude is back. Weekly gasoline inventories showed a shocking decline of 3.5 million barrels, so crude soared $7 to $127. The $120 level was a perfect bear trap. Goldman Sachs put out a report that current demand destruction is temporary and that crude will hit
Global Market Comments for July 29, 20081) As crude dies, stocks fly. Oil down to $120.50, a new two month low. Alert! Alert! Regular gas at a bargain $3.99/gallon seen in the East bay! For $1 I'll tell you where.2) Merrill Lynch (MER) is raising a staggering $8.5 billion in new equity. The more they