Nothing New
And this could be the case for a while. Until further notice hold positions as outlined over past month or two.
Big Picture
Wrapup Day
There is nothing really new to add today. The Russell 2000 index has gone from Watch to Warning on our Flash Crash indicator, all the other indexes remain in warning stage. The S&P is inching up to that 1416 swing…Continue Reading →
The Short Stock Story
Yesterday we moved our short stock positions on the Marketocracy tracking site to 92 percent of equity and are keeping our short gold position at 72 percent of equity. Adding in our long dollar position we are leveraged to 174…Continue Reading →
The Election No one Wants to Win
Does it occur to anyone that no one really wants to win the 2012 election? Obama seems to feel he has to, but occasional slips portray someone who has accepted a one term Presidency as a real possibility. The Republicans…Continue Reading →
A Contrarians View
1. Ben is about to lose a play: Yesterdays blurb by the WSJ “The Fed considers a new “sterilized” bond purchase program, still aimed at boosting the economy, but also designed to calm inflation fears. With this plan, the Fed…Continue Reading →
The Economist
While I don’t always get it right, I do like to keep this this old quote in mind from the Economist in 1986: ” The best investors are like socialites. They always know where the next party is going…Continue Reading →
A New Market Environment
This week has been one in which some significant changes in the market and economic environment have become more visible. Short term interest rates broke out to the upside on Monday and while the Fed will try to keep them very low…Continue Reading →
Austerity is Still the Elephant in the Room
The employment numbers certainly put a good face on the current economic situation. What looms going forward is the direction of the elections and whether the US follows Europe into the doldrums. At the moment we remain with our austerity based…Continue Reading →
It is all about Austerity
Keep in mind that austerity is the operative word for 2012. It is the direction that Europe and the Republicans are pushing the world. In a way it will be good in the long run. All the excesses will be…Continue Reading →
Get Over It
The Funny Money is not coming back,