Tuesday, September 7, 2010

Back to Work

Apologies for lack of posting last week as my social calendar pre-Labor Day was completely full. My wife and I had the opportunity to spend Labor Day weekend in the lovely northern Michigan town of Charlevoix with friends. For those of you not having had good fortune to visit this area please do put it on your list, you will not be disappointed.

For those geographically challenged hold your left hand up palm facing down, this is Michigan ex the Upper Peninsula. Pinky finger nail and ring finger nail and you have the spot now.

While you're in Charlevoix make sure you head north and hit Petosky and of course Harbor Springs. On your way back down you can whip around to Boyne or back track and whip around Traverse Bay and head back north up to Suttons Bay or Leland like we did.

Actually flip a coin on any of these spots and much like a Wall St. banker in a trade, it's heads you will and tails you win! Think of it as a tourism/vacation guaranteed winner!

Regarding the weather in Michigan in particular northern Michigan the old saying goes, "if you don't like the weather, wait 30 minutes."

Okay, now the markets.

What does one say about the action last week except well done to the bulls or should I say the Bot Bulls, robot trading programs (HFT) that is.

50 billion in stimulus 2.0 huh?

Infrastructure spending when you're broke right? Keynsian magic show tricks.

So, you mean to tell me when you're flush with a home equity line of credit that buying a Rolex and a Range Rover as opposed to upgrading the kitchen and fixing the bathroom is a bad idea?

You mean to tell me when you're flush with budget surpluses trillions to fight wars that, whats that line again.... oh yeah.... 'keep us safe' as opposed to bridges and railroads were short sighted?

You mean to tell me positioning troops and bases all across the planet don't foster good relations with the locals?

I'll be damned.

I read what General Patreus had to say today, regarding the planned burning of Qurans by a Florida clergyman on the anniversary of 9/11, that

"It could endanger troops and it could endanger the overall effort,"

Sure General, and giving money, equipment and training to the likes of Osama Bin Laden, Saddam Hussein (should I keep going) didn't?

But back to stimulus 2.0. The crack addicts just keep sucking on the pipe. Can someone please get a urine sample from these decision makers? Maybe the decision makers just think we are all too spaced out on Prozac to care or doing anything about it. Yeah, that must be it.

I have said it before and will say it again.

We have no chance up against the criminals in charge. Where is the paid shill Fredric Mishkin when you need one.

Are you surprised the bonds are rallying in the face of Stimulus 2.0?

Do yourself a huge favor and keep watchin' the bonds. You can also watch the Yen but the bonds are telling you everything those in charge refuse to.

No jobs, no money, no money, no consumption. I t seems I read somewhere that consumption was 70% of the economy, but hey, fear not a double dip, assuming of course this was a recovery!

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $22.52
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 92.15 stop @ $92.15
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 93.48 stop @ $93.48
Short 1 unit Apple ticker AAPL @ $275.20 stop @ $266.50

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