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LATEST INSTABLOGS POSTS

  • The San Francisco Money Show.
    I attended the Woodstock of investment conferences last week, the San Francisco Money Show, which offered an entertaining three ring circus of traders, foreign exchange models, options platforms, newsletters, cruises, video broadcasts, and more. The cavernous Marriott Marquis hotel and... More »
    Sep. 2, 2010
  • Quote of the Day
    “If you look at previous times in US history when bond yields were this low, the returns have been quite poor. Bonds now have many elements of a bubble. We’re at the end of the debt super cycle. First we had a large banking crisis. The next step is a large sovereign crisis. This... More »
    Sep. 2, 2010
  • Its Official: China is Unloading its Treasury Bonds.
    It looks like the smart money these days is found in China. While American investors have been scrambling over each other to buy more Treasury bonds at historically low yields, China has begun quietly unloading some of its own enormous holdings. In June, the Middle Kingdom sold $21.2 billion... More »
    Sep. 2, 2010
  • Why Gold Seems Unbreakable
    While the rest of the world has been going to hell in a hand basket, gold (GLD), (GDX) refuses to take a serious dip, and is threatening the old $1,260 high. Today, the World Gold Council, the ultimate go-to source for figures on global supply and demand for the barbaric relic, published its... More »
    Sep. 2, 2010
  • Another Nail in the Coffin for Residential Real Estate.
    Those few, like myself, who believe that the residential real estate market has another down leg ahead of it, got their smoking gun yesterday. July existing home sales cratered 27.2% to a seasonally adjusted rate of 3.83 million units, the sharpest month to month drop in history, and the lowest... More »
    Sep. 2, 2010
  • Don’t Buy That Treasury Bond.
    Another week later, and Treasury bond prices have raced up to even dizzier heights, breaking more records for over valuation. According to the Investment Company Institute, outflows from equity mutual funds over the last two years totaled $232 billion, while inflows into bond funds soared to a... More »
    Sep. 2, 2010
  • Quote of the Day
    “When I look at the Treasury market, I get a really 1998 sort of dotcom feeling. You knew they were going higher, you knew that it would end badly; you just didn’t know the timing. At a certain point this becomes a disaster,” said Barry Ritholtz, CEO of hedge fund Fusion IQ.
    Sep. 2, 2010
  • Make Another Visit to the Trough for Baidu
    Just like buying a drink for an old flame when passing through town, there is no better feeling than revisiting winning trades. I first recommended Baidu (BIDU) at split adjusted $12.5 in December, 2008 (click here for the call). It hit $88 earlier this month, a 700% gain. The current bout of... More »
    Sep. 2, 2010
  • Thailand Punches Through to New Highs
    With hotel occupancy in the dumps at 20%-30%, and parts of downtown Bangkok still in ruins from the May riots, you would think the call to buy Thailand (THD), (TF) two months ago was a complete bust (click here for the piece). You would be wrong. Since then, the Thai ETF has tacked on an amazing... More »
    Sep. 2, 2010
  • It’s Off to the Races at Molycorp
    I just wanted to follow up on the rare earths piece which I recently published (click here for “Rare Earths Are Becoming A Lot More Rare”). Despite lackluster market conditions at best, Molycorp (MCP) managed to raise $394 million through its July IPO at $14/share. The company will... More »
    Sep. 2, 2010