Tuesday, 5 May 2009


Here is your Crux AM update: 

George Soros makes huge bet on oil & gas co.
The hedge fund guru is taking huge positions in both oil and coal. 

Chesapeake CEO Aubrey McClendon is raping shareholders
"McClendon's bailout also included $12 million the company paid for his collection of maps and watercolors..." 

KB Home CEO Mezger "seeing a floor" in So. Cal home prices
The homebuilder is building cheaper houses to compete with existing homes. 

The legendary Barton Biggs says we're in a bull market
Sees S&P 500 at 1,500 in the next few years. 

The only three sectors winning in this rally
Stocks are up nearly 40% since March, but only three sectors are benefiting. 

The week's must read magazine article
A great piece from the master, Malcom Gladwell. 

Regards, 

The Daily Crux
www.thedailycrux.com