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The markets bounce this morning and near the DJIA 12k pivot point once again. We’ve got some nice gains in the portfolio today and let’s run through a few of the positions that are moving with the most magnitude – VC – I’ve been steadily adding to Visteon and
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The selling was relentless there for a while earlier this afternoon, but as we head into the closing mintues, the markets have rallied a good half a point. That said, the markets are still down more than 1% today. There’s nothing we can do to turn the tide ourselves
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It has gotten progressively uglier as the day has traded on, and I’m looking to step up the buying across the board, using mostly common right now. I’m adding to DBA and VC and with Riverbed now down 4% on the day I’m looking to add to
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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
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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