Perspective Clearing
It would appear that Tuesdays rally high on the S&P at 1335 will now be a marker and the market is now headed erratically lower to the 1230 level over the next two months. As such we will increase our…Continue Reading →
It would appear that Tuesdays rally high on the S&P at 1335 will now be a marker and the market is now headed erratically lower to the 1230 level over the next two months. As such we will increase our…Continue Reading →
I am back from a week with the medicine man and have even more reason to sit on the fence and watch Europe. At this point nothing seems to be resolved with the markets and this morning they all seem to…Continue Reading →
Yesterday we sold out our little long stock position on the rally and are now short stocks a bit, about equal to 10 percent of our equity. We additionally on the rally reduced our long gold postion a little with the…Continue Reading →
With the macro warning signals in stocks being set off last Friday the stock market now is a good candidate for short term traders going both ways. What this means is that the macro bull signal from the October lows…Continue Reading →
The G-8 meeting has the potential for being a road-map changer. The biggest obstacle is now the German people, not their leader. Europeans will meet in the next few days to put a captstone on the changes. As such we…Continue Reading →
I have been waiting a long time to start the short T-Bond position that will be the biggest trade over the next ten years. I don’t know whether this is the top or not in bonds, but down the road…Continue Reading →
While the macro indicators are still holding in this cross current area, a two faceted combination of a Republican push to reenact last years summer deficit fight and European / Greek issues threaten to break down the market. If that…Continue Reading →
For me it is not a question of whether these current support levels in stocks and gold give way. The question is when, next week, next month, or next year. In the meantime the markets may bounce. That is the…Continue Reading →
Jamie Dimon and Chancellor Merkle got a slap in the face the last few days. One was the face of de-regulation and one was the face of European austerity. This changes things in a significant way. The Administration is finally…Continue Reading →
Things we know now: Europe is showing that austerity is not easy to enact, is Paul Ryan watching. Volcker is proving again, old guys rule. Bottomline, the young leveraged hedge fund managers and bankers are running for the hills. Some…Continue Reading →