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Chris Scoreboard Johnston.
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June 7, 2007 at 1:42 PM #57580June 7, 2007 at 1:42 PM #57603
HereWeGo
ParticipantActually, some countries with fairly strong economies recently cut interest rates, as their currencies are very strong. Once the effects of those rate cuts are absorbed by the currencies, those countries stock markets might be nice investment opportunities, either through targeted mutual funds or ETFs.
I could not disagree more strongly with jg. It’s one thing to be on the sidelines; it’s an entirely different matter to jump into a highly leveraged bear fund. There has been no attempt to dry up liquidity, and the supply of equities has contracted dramatically. If you want to go short, targeting your shorts, that may be a better bet at this point if higher interest rates limit the risk to shorts/puts of private equity buyouts. But buying into a leveraged inverse fund to short an index? No way.
June 7, 2007 at 1:50 PM #57586sdappraiser
ParticipantJG has proudly been in double inverse funds since March.. at which point I believe he posted he was already down 8% from the switch out of gold? Care to share what the YTD damage is? Must have been a rough few months.. nice to be right for a day or two. Off the PB&J for a day?
June 7, 2007 at 1:50 PM #57609ParticipantJG has proudly been in double inverse funds since March.. at which point I believe he posted he was already down 8% from the switch out of gold? Care to share what the YTD damage is? Must have been a rough few months.. nice to be right for a day or two. Off the PB&J for a day?
June 7, 2007 at 2:01 PM #57600Anonymous
GuestTomorrow, I get a PBJ plus an apple, SDA!
I exited 100% gold in early March and went to a 100% double inverse, and my portolio moved steadily downward, reaching its trough in late May, down 11%.
Today (i.e., in one day), my portfolio increased 4%. From my exit in early March to close of market today, I’m down 6%.
Just two more days like today — and we have plenty coming, soon, I think — and I’m back at my starting point, plus change.
VIX is up big time today, too.
Burn, baby, burn!
P.S. — Mad Monk, sorry about your dollar short fund. You are on the right side of the fence on that one, it goes without saying.
June 7, 2007 at 2:01 PM #57623GuestTomorrow, I get a PBJ plus an apple, SDA!
I exited 100% gold in early March and went to a 100% double inverse, and my portolio moved steadily downward, reaching its trough in late May, down 11%.
Today (i.e., in one day), my portfolio increased 4%. From my exit in early March to close of market today, I’m down 6%.
Just two more days like today — and we have plenty coming, soon, I think — and I’m back at my starting point, plus change.
VIX is up big time today, too.
Burn, baby, burn!
P.S. — Mad Monk, sorry about your dollar short fund. You are on the right side of the fence on that one, it goes without saying.
June 7, 2007 at 2:05 PM #57602SD Realtor
ParticipantJG is definitely a trooper. He has been honest and staightforward on his activity, good or bad and has hung tough. Good for him.
Rus thanks for the comps. Your posts have been very insightful and I have benefitted from them to. Next time there is a Piggington meeting you and I can get sdr to buy us a drink.
SD Realtor
June 7, 2007 at 2:05 PM #57625ParticipantJG is definitely a trooper. He has been honest and staightforward on his activity, good or bad and has hung tough. Good for him.
Rus thanks for the comps. Your posts have been very insightful and I have benefitted from them to. Next time there is a Piggington meeting you and I can get sdr to buy us a drink.
SD Realtor
June 7, 2007 at 2:31 PM #57624NotCranky
ParticipantI have to be insightful because well,let’s put it this way… I am certainly not posting my other than capital gains income,interest income and rent profits collected on that other link Trojan posted!
June 7, 2007 at 2:31 PM #57647ParticipantI have to be insightful because well,let’s put it this way… I am certainly not posting my other than capital gains income,interest income and rent profits collected on that other link Trojan posted!
June 7, 2007 at 3:15 PM #57656ParticipantJG is definitely a trooper. He has been honest and staightforward on his activity, good or bad and has hung tough. Good for him.
No doubt. Still, there are reasoned opinions that differ from his current point of view.
It would be nice to hear from Chris at this point. Fridays have been very good for the market for some time now (and Thursday have frequently been rather ugly — jg excepted). Last night, I thought long and hard about putting in buy orders for COB today (I’m more of a fund investor.) Actually, I did put in a couple of very substantial orders, then immediately cancelled this morning when I saw the action on the 10 year.
Anyway, for Chris, will the market recover tomorrow, or should we wait for COB next Thurs (or Friday morning for stock investors)?
June 7, 2007 at 3:15 PM #57679ParticipantJG is definitely a trooper. He has been honest and staightforward on his activity, good or bad and has hung tough. Good for him.
No doubt. Still, there are reasoned opinions that differ from his current point of view.
It would be nice to hear from Chris at this point. Fridays have been very good for the market for some time now (and Thursday have frequently been rather ugly — jg excepted). Last night, I thought long and hard about putting in buy orders for COB today (I’m more of a fund investor.) Actually, I did put in a couple of very substantial orders, then immediately cancelled this morning when I saw the action on the 10 year.
Anyway, for Chris, will the market recover tomorrow, or should we wait for COB next Thurs (or Friday morning for stock investors)?
June 7, 2007 at 3:41 PM #57675GuestHeck, HWG, there’s only one guy that I know and speak with who shares my Armageddon perspective. Everyone that I know is on your side.
Absolutely, there are reasoned opinions, and reasonable folks, that differ with my stock-market-crash-upcoming and Second-Great-Depression-soon-thereafter perspective.
Hey, how does it feel to have Ben Bernanke and George Bush on your side?
June 7, 2007 at 3:41 PM #57700GuestHeck, HWG, there’s only one guy that I know and speak with who shares my Armageddon perspective. Everyone that I know is on your side.
Absolutely, there are reasoned opinions, and reasonable folks, that differ with my stock-market-crash-upcoming and Second-Great-Depression-soon-thereafter perspective.
Hey, how does it feel to have Ben Bernanke and George Bush on your side?
June 7, 2007 at 5:01 PM #57709(former)FormerSanDiegan
ParticipantActually, some countries with fairly strong economies recently cut interest rates, as their currencies are very strong.
HWG, They’ve actually been raising rates in the Euro zone and elsewhere.
Per CNN …
NEW YORK (CNNMoney.com) — Interest rates are ticking higher overseas, raising concerns on Wall Street that U.S. rates will be pulled up along with them – but that may not necessarily be the case.
From Canada to England to Japan, central banks around the world have been raising rates amid growing concerns about inflation.
http://money.cnn.com/2007/06/06/news/economy/global_rates/index.htm?postversion=2007060618
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