Featured Trades: (AN UPDATE ON RHODIUM) 2) An Update on Rhodium. I was recently interviewed by Daniela Cambone of Kitco News, a boutique firm specializing in the online research and trading of metals. I have known the Kitco people for a long time and they are one of the class acts in the hard
Featured Trades: (WHAT THE TEA PARTY DOESN'T KNOW ABOUT THE BOND MARKET) 3) What the Tea Party Doesn't Know About the Bond Market. I have spoken to several Tea Party leaders since the movement sprung up a year ago, and have come to several conclusions. This is a genuine, grass roots movement composed of
SPECIAL AUTOMOTIVE ISSUE Featured Trades: (WHAT FORD IS TELLING US ABOUT PLATINUM AND PALLADIUM), (F), (TTM), (PPLT), (PALL) 1) What Ford is Telling Us About Platinum and Palladium. Well done to Ford (F), which announced great earnings for Q2, leaving its close call with the junkyard a few years ago well in the rear
Featured Trades: (WELCOME TO THE FUNNY FARM), (SPX) 1) Welcome to the Funny Farm. I promised you a roller coaster for the financial markets this week, and that is exactly what we are getting. The on again/off again talks and the finger pointing that follows seems to be generating round lot moves of 30 points
Featured Trades: (HOME PRICES STILL DEAD IN THE WATER) 2) Home Prices Still Dead in the Water. Case Shiller released their national home price index for May yesterday, allowing beleaguered real estate agents to let out some feeble, halfhearted cheers. The data showed that prices did not go down last month and are even rising
Featured Trades: (REPORT FROM EUROPE, PART IV) 3) Report From Europe, Part IV. Milan, Italy appears to be a city entirely populated by fashion models riding bicycles on the city's frenetic streets. That is one's first impression coming out of the monolithic Milano Centrale train station, built by Mussolini to reaffirm faith in his
Featured Trades: (TIME TO SCOOP UP SOME (CAT)), (CAT) 2) Time to Scoop Up Some (CAT). I love it when a world beating, best of breed company temporarily stumbles and gives me a great entry point for a new long position. That was certainly the case on Friday, when Caterpillar, the icon for manufacturing
Featured Trades: (BRING BACK THE SMOKE FILLED ROOMS), (SPX), (TBT) 2) Bring Back the Smoke Filled Rooms. I write this from poolside at the historic Claremont Hotel in Berkeley, California. The weather couldn't be more perfect, and the local beauties, many coeds on summer break from the university, are strutting their wares, or the lack
Featured Trades: (LOS ANGELES STRATEGY LUNCH REVIEW) 1) Los Angeles Strategy Luncheon Review. I am writing this letter at a table at Zeppy's Pizza Shack in Hermosa Beach, just across the street from Yer Cheat'n Heart Tattoo. The flotsam and jetsam of humanity are gliding past me on bicycles, roller blades, and skateboards, clad in
Featured Trades: (TIME TO FLIP TO THE SHORT SIDE ON THE TREASURY BOND MARKET), (TBT) 2) Time to Flip to the Short Side in the Treasury Bond Market. The first thing that I noticed this morning is that the long end of the bond market was getting absolutely creamed. 'RISK ON' has returned with a
