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 →
Our economic situation, our meaning the world, as we all have a problem, is the hot debate topic in the political arena these days. David Brooks of the NYT has over time written a lot of good analyses of various…Continue Reading →
After the Fed meeting last week the markets took a shot at trying to blow out the top because of Bernanke’s statement that he would respond and re-inflate the economy if things got tough. The markets rallied smartly but now…Continue Reading →
If one is so inclined into calling major tops and bottoms in the markets it will become quickly apparent that with some practice, calling bottoms is much easier than calling tops. In recent times the March 2009 and October 2010…Continue Reading →
As we go into another FED meeting day we see that QE3 hope continues to influence the markets. The fact is Germany and Merkle lead the biggest influence on the markets, not Ben. Ben is out of bullets, how far…Continue Reading →
As the markets flop around here and make the transition to somewhat lower election year levels here is a great article from Sheila Bair in the Washington Post on how to get rid of income inequality: http://www.washingtonpost.com/opinions/fix-income-inequality-with-10-million-loans-for-everyone/2012/04/13/gIQATUQAFT_story.html
Days like yesterday don’t come around that often, a day when events provide one a bounce or retracement that goes right to the sweet spot where if you don’t act you will hate yourself for a long time. This doesn’t…Continue Reading →
I talk a lot about the long term trend toward austerity which is basically about deficit reduction brought home to all of us personally. It is in Europe already and it is headed our way. So the debate should be more…Continue Reading →
And it is the economy. He needs a strong person heading up his economic message. It is not Geithner. If Volker was not so old he would be the man, a take no prisoners type of leader. Obama’s problem is…Continue Reading →
For the moment the markets are just settling back into reality. How you handle this is obviously up to you. I don’t look for a big bear market here but I personally use the old adage, if I cannot be…Continue Reading →