Smoking Securities

Half Baked High Finance

Back from the Dead

leave a comment »

It has been a rather ridiculous two weeks. This blog hasn’t seen too many posts, mostly due to my horrific embarassment and reluctance to get back in the game. SRS, SKF etc took HUGE plunges following my recommendations… and while I had the good sense to steer clear of the mess (after losing 2% of my capital), I feel like an idiot. The rebound seems to have abated, and the market conditions that I like have returned. Gold has continued to outperform the Dow, and Real Estate/Finance has started to continue lower. The only thing that seems amiss is overall strength of the dollar, which I expected to go lower after the Fed’s 1.25% rate cut. I’ve slowly gotten back into shorting the market, and accumulating silver, but I’m also keeping my eye on FXI and EEB for some long term bottoming action. Commercial real estate is starting to make the news, as is credit card debt… I’m pretty certain that these will be the next bombshells to rock the credit markets, but only time will tell. So far there has been some solid safety in bonds, but I’m expecting that to change once inflation starts to become obvious in the CPI. It’s fucking 5:30 am… I’ve got insomnia…

Advertisements

Written by chucklesamadeus

February 10, 2008 at 10:18 am

Posted in EEB, FXI, Gold, SKF, SRS

Tagged with , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: