2012 Outlook Posted Today…………with update at 9:15 AM CST
The Outlook for 2012 and review of 2011 forecast and investment performance are posted on the main website that accompanies this blog.
See the tab headings on the left of the main index page for:
Today’s markets are seeing a stretching of the stock market rally that started last October. We have been advocating the long side for stocks since October 7th of last year. Last week, however we mentioned that we got out of half of our long positions and today shall sell the remaining. That will leave us with a short gold position equal to about half our equity base in terms of size.
Update: With the magnitude of todays rally we oversold a bit to where we are 20 percent short stocks now. For me the bellweather stock of the real world, Caterpillar, where I happended to work in the foundry during college, hit an important resistance level at 104.