Featured Trades: (MY TAKE ON THE EURO), (FXE), (SPY) 1) My Take on the Euro. Entering 2011 as the currency that everyone loved to hate, the Euro has staged a dramatic comeback, much to the chagrin of hedge fund managers and traders alike. Since January, the troubled currency has rallied ten cents from $1.28
Featured Trades: (GOLDCORP COINS IT IN THE GOLD TRADE) 3) Goldcorp Coins it in the Gold Trade. I managed to touch base with Canadian miner Goldcorp's CEO, Charles Jeannes, who's stock I have been shamelessly pushing for the last three years (click here). When I last spoke to him two and a half years
(SPECIAL $100 OIL ISSUE) Featured Trades: (MY VICTORY LAP ON OIL) 2) My Victory Lap on Oil. One of the boldest predictions that I made in my January 6 asset class forecast for 2011 was that oil would soon hit $100/barrel (click here for the link). My precise words were 'Probably $30 of the
Featured Trades: (THE TRUE COST OF HIGH OIL), (OIL), (USO) 1) The True Cost of High Oil. Economists are furiously downsizing their economic growth forecasts for 2011 in the wake of the oil price spike, both for the US and for the world at large. Since last week, West Texas crude prices have soared $12
Featured Trades: (HOW FAR WILL THE MARKETS FALL?), (VIX), (SPX), (SPY) 2) How Far Will the Market Fall? Now that we are solidly in 'RISK OFF' mode, traders, managers, and investors are asking how much downside we are looking at. It is safe to say that those who were piling on longs with reckless
Featured Trades: (S&P 500 IS CRUISING FOR A BRUISING) 2) The S&P 500 is Cruising for a Bruising.? How overbought is the stock market? My friends at the Bespoke Investment Group produced this chart of the S&P 500 showing that it has remained in nosebleed territory for nearly six months now, except for a
Featured Trades: (BUY THE DIP IN THE AGS), (DBA), (CORN), (MOS), (POT), (AGU), (ANDE), (CPO) 3) A Buying Opportunity is Setting Up for the Ags. In January, I wimped out of my hefty long position in the grain ETF (JJG), hoping to sidestep a potential sell off going into a dreaded US Department of
'Right now, the US is the best looking horse in the glue factory,' said Erskine Bowles, co-chair of the National Commission on Fiscal Responsibility and Reform
Featured Trades: (MORGAN STANLEY), (MS) 1) Reflections on Morgan Stanley's 75th Anniversary. The three elder statesmen I saw on TV ringing the opening bell at the NYSE couldn't have been more representative of the evolution of Morgan Stanley (MS) over the past three quarters of a century. When I joined just after the 35th
Featured Trades: (LEARNING TO LOVE HEDGE FUNDS) 3) Learning to Love Hedge Funds. The Wall Street Journal has put together the best history of hedge funds I have found so far. They start with the legendary Fortune Magazine editor, Winslow Jones, who created the first fund out of a shabby office on Broadway in
