I am, because of personal preferences, going to cash in at this time. Since I’m up 49% ytd, I have the luxury of “calling it good” and kicking back to enjoy the fruits of my “labor”. Between, an Alaskan cruise, flyfishing, family reunions, trips to the French countryside and the Italian riviera….who has time to follow the market? [...]
Sometimes a chart can be a thing of beauty. Take for instance this point and figure chart of the Russell 2000.
Yes, a bullish triangle breakout is a thing to behold. How feel you about this?
The Russell, being a small company index, is trading like we will be coming out of this recession within six months. Therefore, it [...]
Look, I realize that some of you out there are praying and hoping for the banks to fail, just so you can bank coin on your short positions, including FAZ and SKF. All I can say is that men with straight-jackets will be showing up at your door shortly. Anyone wanting our financial system to [...]
Good morning! Check out the BKX. Banks are moving this morning based on perception that margin expansion will be increasing, even as their costs for credit stay low. Their spreads are widening due to the lack of competition from the securitization market, which is now dead. Many banks are now able to charge a premium for loans. Factor [...]
Taking my lumps here.
This is ridiculous, but who am I to argue with all the major U.S. stock indices up over 2% this morning? It’s party time! The bears are getting rolled!
With the Russell 2000 up over 3.5% today, that’s the place to keep playing. Or, you can buy high yield bonds via HYG or JNK and get [...]
