You might want to refer to our Fed Bubble Count section of the main site. In our opinion the macro picture shapes up as this: we are currently wrapping up the bursting of the off-shore currency bubble and the commodity/gold…Continue Reading →
I finally got acess to a computer and probably just as well as the panic and bleakness continues this morning. The  hedge fund liquidation is probably the biggest driver. Buying a little more gold at the moment, probalby up to about 1/3…Continue Reading →
Oil prices are not and rarely are about supply/demand. Why do we say that, the latest example of a controlled market is that OPEC production cuts are not pushing oil prices higher because the producers don’t want them higher right…Continue Reading →
Yesterdays market action shows that the market is not really that impressed with the Fannie/Freddie takeover but we believe the Treasury and Fed will keep the pressure on to make this effort work in the short-term. The Hedge Fund liquidation…Continue Reading →
Too big to fail, those words are ringing over the news wires, maybe forced socialsim might be a better description. In any case this is the last of the rescues to eight years of windows and mirrors. From a time/price…Continue Reading →
When one looks at the sectors that led to yesterdays long capitulation the road leads to Hedge Fund liquidation. We say this because these Funds have been heavily into long commodiities and emerging markets (look at the similarity of the Charts…Continue Reading →
We have sold our portfolio down to 45 percent net long in the last half hour. Obviously we are a little surprised at the extent of the selloff today and are just trying to protect our third quarter returns and…Continue Reading →
With the Republican Convention coming to a close tonight we are stepping into one of the most exciting times in terms of politics affecting investing. Both parties are placing young fighters on their tickets and this is going to have…Continue Reading →
After 12 to 14 months down , a bear attitude has finally engulfed the stock market.  For the first time in this whole period we have seen this attitude personified by aggressive selling on rallys and even CNBC has guests who say…Continue Reading →
Maybe there won’t be one. This is a very interesting day. Two factors stand out, the macro technicals are very supportive of the market and 2) the fundamental sellers came out forcefully at the short term resistance levels of S&P…Continue Reading →