Enough said. The big sell signals are probably a couple of weeks away.
Archive for March 2012
My take on the 2012 markets is unchanged from the beginning of the year. I don’t expect a bear market or a bull market this year, those kind of things are waiting for the election results. In the meantime the…Continue Reading →
Ron Paul is the only Republican Presidential candidate that speaks about anything that is close to reality (althouth you do have to ignore the gold standard part ). The point is that Fed meddling is at the root of the…Continue Reading →
Ben hints of QE 3 and the Dow is up 130 points. It truly is magic. This sets up a test of Bernanke’s power. If the S&P can close above 1422 and gold above 1710 this week we will probably…Continue Reading →
The points in the article that we posted on Monday concerning what is sacred, the ideology behind that sacredness, and the result that voters do not vote their pocketbook but in fact vote their ideology are central to what will…Continue Reading →
And this could be the case for a while. Until further notice hold positions as outlined over past month or two.
Yesterday’s market action would appear to be a little bit of excess at the end of the road. No doubt we are still feeling a tail wind from some of the stimulus for the past three years but the worm…Continue Reading →
No changes in our thoughts or market positions today. Here are the two best reads from over the weekend at the NYT. http://campaignstops.blogs.nytimes.com/2012/03/17/forget-the-money-follow-the-sacredness/ http://www.nytimes.com/2012/03/18/opinion/sunday/obama-sets-gas-prices-just-another-gop-myth.html
There is nothing really new to add today. The Russell 2000 index has gone from Watch to Warning on our Flash Crash indicator, all the other indexes remain in warning stage. The S&P is inching up to that 1416 swing…Continue Reading →
Yesterday we moved our short stock positions on the Marketocracy tracking site to 92 percent of equity and are keeping our short gold position at 72 percent of equity. Adding in our long dollar position we are leveraged to 174…Continue Reading →