No Big Plan…………..T-Bond Update at 10:00 AM CST
Last nights SOTU speech was big on details of specific little deals and short on overall structure, pablum for the middle class if you will. I have said many times, the White House has to produce a plan that shows structure of increased revenue and reduced expenditures to get the situation in Washington turned around. I didnt see it.
We have three more days of the seven day market topping window.
Today we are getting out of all our short T-Bond positions put on in early July 2012.
Also exiting long dollar position and putting all funds from exited bond and dollar positions into additional short Stock positions.