In the last two hours we have taken a net short position in the stock market. The Marketocracy tracking index for our four funds in total moved from 10 % net long to 59 % net short. The Hedge Fund Eureka Hedge…Continue Reading →
As we said in Fridays late comments, the tenor of the current rally is suspect in terms of its magnitude or longevity. Over the next few days we will be assessing new strategies, but the safe thing to do at…Continue Reading →
Todays market, in fact this whole week’s market has been characterized by low volume, poor leadership, and generally poor company. A case could be made that one should be an aggressive seller here at the 1380 level. We are however,…Continue Reading →
Based on the the employment report, look for the 1330 area on S&P to be important support today. If that area holds we will go back to 40 percent net long from the current 10 percent.  The dollar is important…Continue Reading →
There are reasons to think that the stock market is headed higher over the next few months, but good employment numbers will not be one of them. The market is positioned for no negative surprises in tomorrow morning’s report. Active…Continue Reading →
This weeks stock market rally was probably mostly short covering. The CNBC talking heads say we are not out of the woods, more good news is needed. That is good, remember this bounce bottom is a contrarian event. All that…Continue Reading →
Reuters headline this morning, “can John McCain win in a recession?”  I didn’t look at their answer, because who knows. But for sure economic policies out of Washington’s executive branch are being assessed to try and help push oil prices under…Continue Reading →
The 6.5 percent rally from last weeks support area runs out the easy money for the quarter, from here there will have to be some real work.  We have just cut our long position to 10 percent at 1365 on…Continue Reading →
The First quarter was brutal, the S&P 500 was down 10 percent and gold and the AG (grain) commodities were hot. Â At the same time the dollar and interest rates were under pressure as the credit crisis unfolded. The so-called…Continue Reading →