So far, I am positioned wrong for the rally. Between my boat and refinery exposure, I’ve managed to trade my way out of a fine rally today. If it wasn’t for JAZZ, AMBC and HK, I’d be down today.
All of the money is racing back towards housing. Stocks like MHO and USG are on fire. With rates coming in again, I expect the REITs will start heading back to previous highs. The whole taper scare business is behind us. All we have to fear is fear itself, which is voided null by the good folks at The Federal Reserve.
I will give my boat and refinery plays some more rope, hopefully not to hang me with. My other low brow stocks are disgraceful. I’ve fixed myself with a ridiculous portfolio. Only in a treu Costanza world will I make money, as presently constituted, into Halloween.
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