Mad Hedge Fund Trader Featured Trades: (CIA), (TBT), (DBA), (FCX), (USO), (TM), (CVX), (XTO), (RSX), (GOOG), (BIDU) 1) Lunch with the Central Intelligence Agency is always interesting, although five guys built like brick shithouses staring at me intently didn’t help my digestion. Obama’s pick of Leon Panetta as the agency’s new director was...

Courtesy of The Pragmatic Capitalist Bill Gross, arguably the most powerful money manager in the world, has joined the ranks of Jeremy Grantham  in saying stocks have risen due to artificial influences and are now substantially overvalued.   In his latest monthly outlook Gross says “almost all assets appear to be overvalued on a long-term basis”. He...

Courtesy of Phil’s Stock World Big test today! The Dow failed to retake the upside of our band in multiple attempts yesterday but the NYSE held the critical 6,900 line which is our first real breakdown level to be tested.  As I said to Members in yesterday’s Morning Alert, if the NYSE blows it the next critical line is Russell 575 and the Russell...

For those enamored of the current bullish moves in the Gold market, there’s still plenty of reason the believe that the yellow Gold bus has more than enough gas in its tank to make the trip up to the next important Fibonacci extension ratio without too much difficulty. Gold momentum Trading Newsletter Chart Really, when you stop to think about it...

If anyone wants to know why CNBC anchors are so pale and nervous these days, look no further. As Comcast CEO Brian Edwards considers what to keep and what to, well, cut, post his digestion of NBC Universal (assuming deal rumors are true naturally) his eyes likely cast casual nervous glances at Nielsen reports of CNBC viewership. Yet his nervousness...

Mad Hedge Fund Trader 1) In view of today’s dreadful market performance today, I am repeating my GLOBAL RISK ALERT issued on October 14. Every asset class, including stocks, Treasury bonds, currencies, commodities, and precious metals, got slaughtered across the board today. The liquidity surge may be taking a pause. Keep in mind that if you are...

Zero Hedge has many readers have expressed their incredulity, frustration and, at times, outright anger, with what can be classified simply as a mutual circle jerk among Wall Street’s financial analysts, rushing to upgrade each others’ stocks with impunity. These analysts have been operating with an S&P and Moody’s like tendency...

Business Insider In October, shorts piled into Citigroup (C), CIT (CIT), and Xerox (XRX) according latest data from the New York Stock Exchange. Meanwhile, they actually fled from stocks like General Electric (GE), EMC Corporation (EMC), and Harley Davidson (HOG), as shown by the Reuters table below.

As you know, David Rosenberg is really negative on the US. But the Gluskin-Sheff economist LOVES his home country of Canada, which is the subject of today’s note. Why? There’s a whole host of reasons, including its strong currency, its lack of debt, and its heavy exposure to juicy commodities. See the full case for America’s neighbor...

CalculatedRisk S&P/Case-Shiller released their monthly Home Price Indices for August this morning. This monthly data includes prices for 20 individual cities, and two composite indices (10 cities and 20 cities). This is the Seasonally Adjusted data – some sites report the NSA data. Click on graph for larger image in new window. The first...

A Zero Hedge reader sends in this morsel from Citi, offering to take (and keep quiet about) a 47% loss on a Citi credit card account if only the user will pay before year’s end. A few things occur to us on reading this letter: If widespread, this would appear to be awfully desperate on Citi’s part.  Perhaps, combined with the massive spike...

MISH Early this morning in How The Citi-Grinch Stole Christmas (and Why It’s a Good Thing) I wrote “If ever there were screams of “Please Regulate Me” these actions by First Premier and Citigroup must be at the top of the list.” Well, that was fast. Dodd introduces bill to freeze credit-card rates Although Dodd has talked...

AC Investor ( click to enlarge ) From my point of view I think RIMM may break down here. This stock is slowly but steadily coming down on each passing day. Up/Down volume pattern indicates that the stock is under Distribution. The stock closed fractionaly above the major support at $65, but any close below this level could have further negative implications...

Joe Weisenthal of Business Insider (This is a guest post from @sellputs, originally appearing on the author’s blog) —– Today the price action (mainly on the bid per NYSE tick) on the S&P500 & Nasdaq indicated a clear inverse correlation between the dollar and equities. Obviously the connection has always been part of the equation,...

Bank of America (BAC) is off 4.5% on fears it will need to raise new capital.: WSJ: The Wall Street Journal reported Saturday that Bank of America’s attempt to repay federal bailout funds and escape the government’s grasp has been snagged by a disagreement over how much additional capital the bank must raise to satisfy regulators, according...