Market Comments for April 25, 20081) There is a growing consensus that the euro has peaked for the year at $1.60. The currency ($XEU) is a strong short against the dollar at these levels. If the Fed doesn't cut interest rates next week you can expect the euro to collapse and stocks to soar. Commodities
Market Comments for April 24, 20081) Europe is seen as being 12-18 months behind the US economic cycle and they could well be cutting interest rates later this year. This will cause the euro, crude, gold, and Treasuries to fall sharply and the dollar, global stocks, junk bonds, munis, and sub prime loans to rise.
Market Comments for April 24, 20081) Europe is seen as being 12-18 months behind the US economic cycle and they could well be cutting interest rates later this year. This will cause the euro, crude, gold, and Treasuries to fall sharply and the dollar, global stocks, junk bonds, munis, and sub prime loans to rise.
Market Comments for April 23, 20081) In Q1 Toyota surpassed GM as the world's largest car maker for the first time. It sold 2.2 million units, 200,000 more than GM. Toyota has sold more than 1 million Priuses since its launch in 2002. In the meantime, GM leads in Hummer sales. GM stock has dropped
Market Comments for April 23, 20081) In Q1 Toyota surpassed GM as the world's largest car maker for the first time. It sold 2.2 million units, 200,000 more than GM. Toyota has sold more than 1 million Priuses since its launch in 2002. In the meantime, GM leads in Hummer sales. GM stock has dropped
Market Comments for April 21, 20081) Another bail out, this time for National City, for $6 billion, one of the many weak links in the banking system. The stock has fallen from $37 to $6. This is becoming a recurring Monday morning event. Bank of America (BAC) disappointed on earnings and the Dow fell an
Market Comments for April 21, 20081) Another bail out, this time for National City, for $6 billion, one of the many weak links in the banking system. The stock has fallen from $37 to $6. This is becoming a recurring Monday morning event. Bank of America (BAC) disappointed on earnings and the Dow fell an
Market Comments for April 18, 20081) Today was the day of Google (GOOG), which saw a rise of $95 to $545, creating $30 billion in new market capitalization. This is the largest one day market cap increase in history, not including IPO's. The Dow broke out of it's three month trading range to the upside,
Market Comments for April 18, 20081) Today was the day of Google (GOOG), which saw a rise of $95 to $545, creating $30 billion in new market capitalization. This is the largest one day market cap increase in history, not including IPO's. The Dow broke out of it's three month trading range to the upside,
Market Comments for April 17, 20081) There was a major sell off in the bond market today. Since Monday the 30 Treasury futures have fallen from 120 to 116. This is a huge move. A normal leverage ratio for this trade is 5:1, so a short on Monday would have yielded a 20% return. As