New Format for the next Macro Market Phase

With the previously discussed timing of the end of the anticipated market top being tomorrow we will be moving to a new format. This will be a subscription format, for details email us at

eurekaps@mc.net

As for today’s reaction to the FED decision it is important to keep in mind that the biggest confirmation was that QE3 has not been working and since things didn’t work the FED had to double up.

For our portfolio, a bit of impatience over the past week was costly.  Obviously it would have been better to have held off the ramp up positioning until today.  In the end we only had about 7 percent cash left to implement on the short side after the announcement.

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