Category Archives: Uncategorized

Several people have written to get my take on the market’s current trend. Despite all the excitement around the porkulus bill, the tax cheats appointed to high office (including the IRS — see below), the climbing unemployment rate, the move to protectionism, the bad bank idea, and everything else, the market is steadfastly going…nowhere. From […]

Marie sent: “You wrote in late December that you were looking to short Treasuries. Are you still?” Yes. Treasury yields firmed last week, which means prices dropped, which means short positions rose. Short positions gained a lot in the two weeks ended last Friday. Last week alone saw around $135 billion in debt sold, a […]

As expected and hoped for here in yesterday morning’s post, the financial sector did indeed continue its run higher yesterday. Our own position in it had an outstanding day. That’s all well and good, but some prudent risk management looks to be in order, and is the reason we placed a safety stop under the […]

Regarding our trading position in the financial sector, I wrote to subscribers last Sunday: “We need just the faintest glimmer of hope to see our investment move higher.” With the new administration marching double time on the economic front, the odds of getting such a glimmer seemed good, and indeed worth a trade. We got […]

Several people have written to ask about the possible nationalization of banks, what it would mean to investors, and whether I’m out of the sector because of the risk. Nationalization means different things to different people. If we’re talking about the government taking over the entire financial sector for the country, processing loan applications, sending […]