Featured Trades: (JULY NONFARM PAYROLL) 1) Job Creation is Still on Vacation. If I have learned one thing from 40 years in the financial markets, it's that traders demand instant gratification. So when the July nonfarm payroll showed a loss of 131,000 jobs, an unchanged unemployment rate at 9.5%, and total unemployment of 14.6
Featured Trades: (SUGAR), (SGG), (CZZ), iPath Dow Jones-UBS Sugar Subindex Total Return ETN 3) I'll Take Two Lumps, Please. It's just a matter of time before global buying of the grains spills over into the sugar market. A combination of torrential rains in Brazil, the source of 54% of the world supply, and draughts in
Featured Trades: (HIROSHIMA ANNIVERSARY) 4) A Hiroshima Memorial. Friday was the 65th anniversary of the Hiroshima atomic bomb, an event that that has touched me in many ways. I never had any doubt for the need to use the bomb in 1945. My father had orders to join his third marine division in Okinawa for
'There is no fuel left in the tank' said Carter Worth, a technical analyst about the likely failure of the stock market rally.
Featured Trades: (THE SACK OF ROME), (TBT), (TMV) ProShares Ultra Short Lehman 20+ Year Treasury ETF Direxion Daily 30 Year Treasury Bear 3X Shares ETF 1) Get Ready for the Sack of Rome. I traded the great Japanese bull market during the eighties at Morgan Stanley, from the very bottom all the way up to
Featured Trades: (EMERGING MARKETS ARE HOT), (EPOL), (IDX), (ECH), (EWS) iShares MSCI Poland Investable Market ETF Market Vectors Indonesia ETF Singapore iShares ETF iShares MSCI Chile Fund Index ETF 2) Emerging Markets Are on a Tear. Regular readers of this letter know that I have been going on about emerging markets like a broken record
Featured Trades: (YEN), (FXY), (YCS) Currency Shares Japanese Yen Trust ProShares UltraShort Yen ETF 3) What's Behind the Yen Strength. My old friend Peter Tasker (we both wrote for the late Far Eastern Economic Review in the seventies), ran an interesting editorial in the Financial Times today (click here for the piece). He examines the
'People are finally starting to realize that 'extended period' means 'extended period,' said former University of Chicago professor and former Fed governor Randall Kroszner, about future interest rate expectations.
Featured Trades: (FOR PROFIT EDUCATION), (APOL), (COCO), (ESI) 2) The Smoking Gun on For-Profit Education. When I recommended the for-profit education sector as a potential short (click here for 'Hedge Funds Are Targeting for Profit Education'), I didn't know that the General Accounting Office was conducting an undercover investigation of several schools. Since then share
Featured Trades: (THE NUCLEAR COMEBACK), (CCJ), (NLR) 3) Nuclear Energy Makes a Comeback. Better drag your leisure suits, bell bottoms, and Bee Gee's records out the attic. The seventies are about to enjoy a rebirth. The nuclear industry, which has been comatose since the accident at Three Mile Island in 1979, is gearing up
