9th Year 0f Economic Decline
The pessimists are out in force. If you watch Fox News or Kudlows’ Show you would think this is the start of some calamity. In fact the economic decline started in 2000, we are 9 years into it. The two solutions that were tried, 1) Iraq war spending and 2) the real estate boom didn’t work and now we are on day one of the first try at a real solution.
Most of the emails that I have received in the past two weeks have pertained to whether we would provide some sort of shorting program for stocks. We could, we have a lot of computer programs that could do such and I have to admit that it is tempting to try and make some quick money here by piling on the short side with the doomsayers. In the long run I doubt it is worth it in terms of muddying the water with the macro approach that we strive to maintain here.
The EMA ETF Fund NAV was 988 at Friday’s close.
7:42 AM CST