John's Twitters for 2009-06-02
- The S&P 500 is +25.8% over the 3-months of March-April-May. I am 130% invested in equities focusing on commodities, banks, China growth. #
- 10 year Treasury yield 2.25% in January, 3.75% now. Markets are smelling inflation down the road. Fed buying securities makes it worse. #
- Fox Bus spot with Alexis this AM, “Doogie goes to China!” Geithner in Beijing today trying to convince them US policy not inflationary. Ha! #
- Gasoline prices 33 consecutive days, $2.50 a gallon this weekend. Oil prices rising reflects return to strong growth in China. I own (STO). #
- India’s Economy Posts 5.8% Growth. The days of the global recession story are numbered. Portfolios now need to focus on recovery, reflation. #
- Brazil’s currency rallies to highest in 8 months. That’s not a strong Brazilian currency–it is a weak dollar. #
- Investors who think bonds are low -risk making mistake. Bonds riskier than stocks today. “T-Bonds: Safe No More” http://bit.ly/nd19o #
- Time to Think About the Next Story-Inflation, Rising Rates, Commodity Prices, Weak Dollar. http://bit.ly/A1N2h #
- April Personal income +$58.2 billion, +0.5%; disposable personal income +$121.8 billion, +1.1%. http://bit.ly/qhT51 #
- @sbrichar Plenty to like about the global economy. Asia is growing strongly again, which is why I own commodity stocks like BHP, FCX, STO. in reply to sbrichar #
- China, April, +1.7M Broadband. In April, China added 1.7M new broadband subscribers to reach 90M. significant % of new subs are fiber. #
- GM bankrupcy filing today sad day for lots of working families, bondholders, shareholders and taxpayers. Should have been done months ago. #
- Former Countrywide execs, have formed a new firm PennyMac, which aims to profit from distressed mortgage securities. Irony anyone? #
- China reported strong growth last night. Not surprising officials like to control info, always hold back piece of good news b4 a big mtg. #
- Bank of America is set to open new Ritz-Carlton in Charlotte, only luxury hotel in town. Deal was approved by Treasury. TARP? #
- @Blacksoth Have already done that. The growth is real. You can see it in recent increases in copper, lead, coal prices. in reply to Blacksoth #
- This is the real story. 30 year Treasury bond yield 4.48%. http://twitpic.com/6efn1 At current rate levels, 1% = -25% for stock market value #
- @iHumet And you are a real gentleman. Thank you. in reply to iHumet #
- @laura5y No roblem Laura. Just call 555.5555 and use Tim Geithner’s name at the reservation desk. in reply to laura5y #
- Here is the 10 year Treasury yield. These rates are going a lot higher. Makes them very risky for investors. http://twitpic.com/6efvm #
- China stock market (FXI) +5.6% at the open today. BHP (coal) +6.7%. FCX (copper/gold) +7.8%. Singapore (EWS) +2.7%. All China growth driven #
- Just posted “Doogie Goes to China” on the Rutledge Blog http://bit.ly/poGqd subscribe to the blog for free and get posts by email. #
- RT @gerrybollman: Treasury “bubble” is bursting. Look at implied forward rates in the oil market: 11.6% annual rate to Dec. contract. #
- Just posted April Personal Income +0.5%, Disposable Income +1.1% on the (free) blog site. http://rutledgecapital.com/rutledgeblog/. #
- My China bet stocks having good day : FCX +7.84%, BHP +6.74%, FXI +6.07%, STO +5.04%, EWS +2.90%. China growing again, buying commodities. #
- I have 3 primary bets in the equity portfolios today: 1) China growth, 2) U.S. inflation 2) banks and leveraged finance. #
- Good news. SM Manuf. index 42.8 in May from 40.1 in April, beating consensus 42.3. (Levels over 50 signal expansion) New orders were 50.1. #
- A chilling op/ed in Russia’s Pravda newspaper. “American capitalism gone with a whimper ” http://bit.ly/isr2d #
- I wrote this piece to help people understand budget deficits and interest rates in the news. http://bit.ly/mJKxe http://twitpic.com/6fxqg #
