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I’d pondered aloud last night at the close whether yesterday’s rally was the start of something sustainable for the near term or whether it would be fleeting…and, at least for today, at least for this morning, we’ve got our answer, as the market gives back all
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I don’t like believing that the Fed’s ongoing 0% interest rates and other unprecedented easy monetary policies along with trillion dollar stimulus and targeted corporate tax and trade policies mean that we’re going to see the greatest asset bubbles we’ve seen yet in the next few
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Here’s more on the macro-economy, the important trends inside of it, and how it is informing our analysis and portfolio positioning. I’ve spent the last couple weeks researching correlations between the broader macro economy and the stock market. We’ve been very successful and profitable in positioning for
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It might be a long, hot summer week, but we are hopping around here, eh? Just a couple quick common stock buys to tell you about really quickly here — I bought some Apple common stock and some DBA common stock, as noted and planned earlier. I’ll have a bunch
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It’s a green screen — stop the presses. A strong open across the board this morning, with breadth strong to the upside. The question, of course, is whether this is a one morning wonder or perhaps the start of something more sustainable to the upside. I am looking to do
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Lots of cross currents out there today and the markets enter the final trading hours of the day here almost exactly flat, as each current cancels out an equal and opposite one. Lots of M&A, lots of proclamations of immediate economic collapse, more evidence of mass foreclosure fraud
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I sold about a quarter of my SLV puts. I sold the puts with the highest strike prices so that now my natural stop loss on the remaining SLV position is lower. In other words, I sold a SLV puts with a $37 strike price and kept some puts with
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Monday morning mergers to kick off the week and the mainstream media will focus on them as today’s catalyst. I’m not sure you can point a 0.21% intramorning rally in 500 of the largest companies in the world on news that Arby’s finally found someone will
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By the look in your eyes you’d think that it was a surprise, But you seem to forget something somebody said, About the bubbles in the sea, and an ocean full of trees. — Neil Young Let’s run through some economic charts my all-star team of research associates put
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Until Monday, then, here are my current positions, from largest notional to smallest: Longs – Google Cypress Microsoft Cisco Corning Riverbed Nuance Celestica Ciena Apple Adtran Visteon DBA Shorts – Lender Processing Services SLV GLD Cablevision XLF Live Nation Thanks for reading, thanks for subscri
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It’s an ugly day for the markets but the biggest decliners on our sheets are, at least for now today, our two biggest shorts. Our bet against the biggest loser in the mortgage/robosigning/foreclosure-gate debacle, Lender Processing Services, is hitting yet new 52-week lows again, giving us some
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All right, well we’ve breached the DJIA 12k mark and are trading at 11980, and I’m stepping up the buying this morning. Common stock in Celestica and Cypress for now. Let’s be clear that I don’t know what will catalyze a turn back higher in this
