commodities

Last week, I posted an article on why the recent rally did not look anything like a bull market titled "An amazing market rally. What's next?"o, it seems like I was bullish for all of two weeks. Yet, the truth is I was never bullish on the…

For the second day in a row we are basking in the glow of an up market (update: or at least we were until the last 12 minutes). Everyone's happy. But, some people are happier than others. And the happiest amongst the bunch are those people…

A while back, as I scanned the wreckage of the market meltdown, the energy sector caught my attention. In particular, I noticed the refining and oil services sectors because they are not as beholden to falling prices as the Exploration and…

I don't think that the market as a whole is going to go up rapidly or that another bull market will soon be underway (In fact, I think we are in a secular bear market and the inflation-adjusted lows are even further down). However, I do…

Oil has traded as low as $68.57 today, its lowest since August 2007. Gold is down $40 to below $800 an ounce. And all other commodity prices are getting pummeled. Now, I certainly foresaw some major declines in commodity prices as a major…

In July, I made my ten predictions for the markets and global economy for the rest of the year. Some of my predictions were pretty pedestrians, and some were fairly bold. Let's take a look and see how I'm doing.Here's what I originally…

The markets are having a very bad day today. After we saw the Europeans were also vulnerable to this credit crisis, stock markets worldwide sold off, with many European markets seeing their largest drops since 1987. For Europe, today is…

Hurricane Ike is going to be a difficult storm. It is a massive storm with tropical storm force winds covering the entire Gulf of Mexico. Disruptions in the Gulf of Mexico, in refining capacity and in gasoline distribution, as well as…

It was about 4 weeks ago now that I said I thought the dollar rally was not a fundamental move, but a monster bear market rally which will end up hurting dollar shorts. Back then, the Euro was trading for 1.5164 dollars. Today, the Euro…

A few weeks ago, I said I thought the volatility in commodity and currency markets smelled like panic. I found it very hard to believe that we could have such violent moves without a significant shakeout in the hedge fund world. We are…