Japan’s dumping thousands of tons of hig…
Japan’s dumping thousands of tons of highly radioactive waste into our oceans, China raises rates and bank reserve requirements, our own Republican/Democrat Regime continues to find trillions in new forms of corporate and banker welfare as they cut trillions in social services for the elderly and poor, the banks in the PIIGS (Portugal, Ireland, Italy, Greece and Spain) are still completely insolvent, and so are many TBTF US firms, US services grew less than forecast last month…
You worried yet? I am speaking on a Marketwatch panel here in San Francisco later today about “Investing in a Post-Crisis” world, but as the headlines I just ticked off from the top of my head above shows — we are not even close to a Post-Crisis world. Yes, the stock markets and the corporate economies they reflect are doing great — exactly what we’ve been positioning our portfolios for. But there are always crises in this world and there are always new crises coming along. The trick is to tell which crises actually matter and when they will matter.
We’ve got some nice moves today in Ciena, Cisco and Microsoft. Since I’ve been scaling into long-dated calls in the latter two, I’ve got big leverage to the upside if these two stocks can actually get some ongoing momentum.
Other than that, I’m probably going to continue to look to slowly scale into some of my short ideas, such as the XLF and LPS. I’m in SF meeting with investors, fans and colleagues all day, so my posting here will continue to be sparse.
