There were some articles over the weekend that seemed worth reading: http://www.nytimes.com/2012/06/24/opinion/sunday/the-generation-gap-is-back.html?smid=pl-share http://www.nytimes.com/2012/06/24/opinion/sunday/political-scientists-are-lousy-forecasters.html?smid=pl-share http://www.nytimes.com/2012/06/24/opinion/sunday/friedman-the-rise-of-popularism.html?smid=pl-share And of course the Supreme Court and health care will provide a little zip to the week.
I will be out tomorrow. Unless something changes, we would be looking for the levels above by end of September and probably will not be posting very often between now and then.
When the economic history of the 1996 to 2017 period is written it will have two parts, the bubble building years of 1996 to 2006 and the deleveraging years of 2007 to 2017. It will point out that the period from…Continue Reading →
We are going into the meeting with our short Stocks and short-T-Bonds positions, and today adding long dollar positions. Update at 12:30AM CDT: Completing the add on today in the 1254 to 1361 level of the S&P The market is…Continue Reading →
The markets are probably going to meander around through the Fed meeting next week. As European plans continue to gel there is one thing I cannot get out of my mind, and that is the fact that European Central Banks…Continue Reading →
This is the favorite word of the conservative side of the business world today. It no doubt is what is behind the business slowdown we are seeing now. What is ironic is that the biggest part of the uncertianty in…Continue Reading →
The dollar has reached our 2012 objective with an overnight high of 83.48. We remain as a percent of portfolio equity, 30 percent long gold, 30 percent short S&P, and 10 percent short T-Bonds. The stock position is obviously working, the bond…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 →
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 →
For me the period since February 3, 2012 has been a bit perplexing. In January we sold out our long stock positions in the S&P 1290 area and started getting short and kept shorting all the way through the top…Continue Reading →