The economy…..Housing…..jobs. The stock market. How does all this get better? I’ve got news for you—-it doesn’t. Thanks to the stupidity (or conspiracy) of the elected government officials and their appointees, this country is sliding from recession into depression. It’s past the tipping point now and we will not recover from this anytime soon.
If you haven’t done so by now, get ready for hard times. These will be times that you nor I have not ever seen or experienced. There is a time and season for everything. There is a time to be optimistic. This is not one of those times. Tis’ the season to hunker-down and “get small”.
I’ve taken a very defensive position that I intend to stay in for now.
Cash 55%
Fixed income 10% (PZA)
Short fixed income 10% (TBT)
Short Equity 15% (SH, RWM)
Currencies 10% (UUP)
Let it be known that I took some time off and spent the past five days in the backcountry, basically having a great time. I was able to step away, take my mind off the market, the news, and the plethora of crap on the airwaves.
Now that I’ve come back to it all again, I’m seeing things with more clarity, fresh eyes and a clean perspective. Everything is so glaringly simple, that it’s frightening. This whole situation with the economy and the market is still only going to get worse. Don’t try to overthink this and get all fancy-pants contrarian and shit on me. I’m not buying it. The trend is down, bitches.
Believe it or not, there is still a little too much optimism out there. Stocks and commercial real estate prices are still too high even at these levels.
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