If there is such a word, but anyway being a contrary investor takes a mindset that doesn’t require others to agree with you. Most of the time few will agree with your market positions. Yesterday was a good example of what happens…Continue Reading →
Today is one of those days when I initially say to myself, what was I thinking in January. I got out of short S&P last October at 1070 and reversed to long. Then we got out of long S&P at…Continue Reading →
Ben must have stayed awake many nights to try and figure out how to setup yesterdays releases and interviews. My clue is an old saying “a guy with a gun who says don’t mess with me, I have more bullets”…Continue Reading →
I have mentioned before that I do not follow many individual stocks and insteaqd try to focus on the macro theme. With that said I do watch Apple as one of the six stocks with a telling story. The other…Continue Reading →
Yesterday we sold out half of our stock positions. Based on some of our forecasts the level of 1292 on the S&P is a possible top for the year. The market seems too quiet for this to be true but…Continue Reading →
Going into a new year you never know which way the crowds will push, will they start bearish or will they start bullish. It should be obvious to all by now that the 2012 crowd is pushing for a repeat of…Continue Reading →
It will not be because he is my choice or the best one in the race, either for Republicans or the big one. It is because he is the most verbal, the most outrageous, and smart. He will be a…Continue Reading →
The US employment numbers this morning point to a little better situation and verify that things have improved since February 2010 when the Great Recession seemed to end. Greece is stumbling to a resolution and the revolt by the population is…Continue Reading →
It seems Bernanke agrees with our comments yesterday. What if we are both wrong. Today’s action in gold cause me to ponder the following: 1) What if the Greeks have a referendum and tell everybody to take a hike? 2)…Continue Reading →
Yesterday’s buying in gold, stocks, and Euro all at the same time is not healthy for anyone but traders. This just confirms that our recent comments about the rest of the year being a price distribution period is on target. …Continue Reading →