Author Archives: Jason Kelly

Been shopping lately? The bargains are everywhere, and are just astounding in some cases. I’m not talking about stocks, either. I’m talking about old fashioned, in a store, buying things at the register shopping. Here in Japan, land of the 20-year recession where talk of the economy being bad is about as original as talk […]

Harshal sent: “You wrote positively about the stock market in November, and now it’s up. Do you think this is the start of the next bull market?”No way. If I thought that, we would have held oil earlier in the week on anticipation of higher demand around the corner. Signs of trouble are everywhere: Wal-Mart’s […]

Jenna wrote: You posted yesterday morning that you dumped your long oil position on Tuesday. That may look good now (especially considering oil’s 12% drop yesterday), but don’t you think Obama’s weakness on terrorism as indicated by his appointment of Leon Panetta to the CIA will lead to another attack on the U.S. and therefore […]

Sometimes you just have to go to the source. I think Alcoa’s press release yesterday says all you need to know about the state of the economy. Some highlights: Smelting output reduced 18% Cutting 13,500 workers, or 13% of workforce Selling non-core businesses Cutting capital expenditures in half “These are extraordinary times, requiring speed and […]

After The Kelly Letter’s oil investment rose another 8% yesterday as Israel pressed its offensive in Gaza, and Russia further tightened gas supplies to Ukraine, I set a trailing stop this morning. The position is up 69% since its Christmas Eve close, yet economic data continue pouring in negative, reinforcing my view explained to subscribers […]