All year I’ve been writing about how most of my contacts who are professional money managers have been very bearish and pessimistic about the markets all year and how that, technically-speaking, is a contrarian indicator. Here are three articles about just how badly the pro’s are performing this year: Hedge Fund Returns Worsen: Is ‘Enormous Unraveling’ […]
Europe’s endless negative feedback loop
It’s still a flattish, range bound market. Here’s the Nasdaq over the last month, pretty much when we started selling down and hedging: It’s been flat and/or trying to peak here. And here’s the Nasdaq for the last year: Up 33% over the last year. Despite all the recycled headlines of how the EU’s debt […]
“How much cash should we raise?”
Emailer asks what a lot of people are thinking: Hi Cody, any suggestions on how to be allocated at this time? Especially, how much should be in cash? There’s never an easy answer to the question about “how much to be in cash?” It all depends on how much money you have in stocks vs. […]
Don’t get complacent
Good morning and welcome back to the terrordome, where you better wear plated armor. The markets are all basically at multi-year highs. Apple and Google, our long-time two largest positions, are up huge and we’ve even juiced those gains with our strategy of buying long-dated call options in those names when they were down with […]