Archive - Mar 2011 - Blog entry

“For me, the question is clear. Do we want land records in America to be governed by major banking conglomerates on Wall Street or the people and laws of the United States of America?”

Food prices will skyrocket, and billions could die. Global warming is leading to significant changes in world weather patterns that will cause droughts in some of the largest food producing areas, causing massive famines. Pack your portfolios with agricultural plays like Potash (POT), Mosaic (MOS), and Agrium (AGU). An exclusive interview with Dr. Paul Ehrlich of “The “Population Bomb.”

GBPUSD continues to remain in the strong zone, consistently moving higher with 67% of traders short the pair, EURUSD is painting a very similar picture. Retail trader positioning still remains fairly extreme with most retailers LONG the USD. Action over the last few weeks has been very much contrary to that opinion. The Euro Rate Decision 7:45am EST and ECB Press conference 8:30am EST often have dramatic impacts on the EUR, it will vital to keep an eye on these developments

No TKO's will be accepted. A full fledged, right cross to the chin of the beast.

Bill Gates will step into the national debate over state budgets Thursday with a call for states to rethink their public-employee benefits systems, which he says stifle funding for the nation's public schools.

Other than THAT, it's free market capitalism ...

“There is no room for a king or guardian or President to replace Banksta power.”

Those looking for alternatives to middle eastern oil, might look to Russia, the world’s largest oil producer, and the Market Vectors Russia Fund (RSX) with 37% of net assets invested in the oil and gas sector.

I erred...

At this point I can’t help wondering if China and GM should form a strategic alliance to attain truly “miraculous” growth. China could build dealerships, let GM fill them with cars, then blow them up only to build a NEW dealer to which GM could deliver a new load of cars, thus insuring record sales for GM and record GDP for China.

This has to be one of the biggest "I Told Ya So's" of the year! JP Morgan is forced to come clean on the legal liabilities that I have been pounding the table about for two years as Wall Streets sell side coterie and JPM management have managed to underplay for about as long. Now, it looks as if the chickens are coming home to roost...

So that's why we're shorting small business. The worst part is they are too stupid to know who their enemies are.

No major changes in terms of retail positioning today. There are some news events today that could lead to shifts in the positioning. Firstly out of the UK Construction PMI at 04:30 EST, US ADP Non-Farm follows at 08:15 this report has increased in importance over the years and is used as a guide for the big Non-Farm event. Bernanke will be testifying at 10:00 EST, later in the day at 19:30 EST market moving news from Australia with Building Approvals and Trade Balance released.

Thanks to the guys at Santangel's Review for transcribing David Einhorn's presentation to the Financial Crisis Inquiry Commission. Topics covered include the investment banks' business model, rating agencies and FAS 157 (mark to market accounting).

Facing budget crunches, some states are looking to scrap defined-benefit plans and replace them with defined-contribution plans. But they're only making the problem worse...