The stock air show and my latest positions

Good morning and welcome back to the airshow, where most of the pilots have no idea what a cockpit looks like. Think about it.

Markets are still in hold mode waiting for the EU/ECB/IMF/You-the-US-taxpayer to shift trillions more wealth to the TBTF banks and backstopping just about every major private or public investment for anybody rich enough the last couple decades to have owned any of major assets.  Let it play out. The pitches are about to come. Let your calls and upside exposure work from here. Let your shorts/hedges/puts work from here. Patience for now.

Here’s my latest positions in order from largest notional to smallest:

Longs –

  • Sandisk
  • Cisco
  • Nuance
  • Google
  • Corning
  • Riverbed
  • Cypress
  • Marvell
  • Apple
  • Akamai
  • Fio
  • Autodesk
  • Microsoft
  • Bank of America
  • Goldman Sachs
  • Visteon
  • DBA

Shorts –

  • LPS
  • Bank of New York
  • Wells Fargo
  • Live Nation
  • SLV