I computed more accurate numbers on my Alpha Fund and it's gotten too large relative to my Krypto Fund due to the strong gains this year mentioned yesterday. I want to keep it at 25% of the Krypto Fund. So I have to sell some more stocks today to cut it back. I'm still very bullish - this is money management. If I let the Alpha Fund get too large, the swings it incurs as the market moves can get a "wee" bit scary [ hehe, using a little Scottish there ;-) ].
I looked at the groups in it and the oils have really moved up a lot and are now well overweight - they are 12%+ of the 25% even after the sales of Wednesday and I want them to be 10% of it. So I need to sell some big oils. I'll pick ones that I can get long term gain treatment for the partial sales. I still like them all, but money management discipline rules. I need to sell a wee bit of miners, too. I'll let half of my FCX go. I have long term gains (over 100%) on it and it's looking a wee bit extended, too. Babblevision pumped it, too, perhaps an omen of a pullback?
I gauged the inverse S&H pattern in the S&P 500 cash index that was confirmed yesterday: it measures to roughly 1600.
The drop in the dollar is going to punish nations that rely excessively on exports. All those nations need to develop more consumer demand and consumer-driven international trade. But one problem they have in places like Europe and China and Japan is demographics. All those nations are very "old" in the distribution of their populations. Old people just don't buy & use things like the young. China and Eastern Europe have lots of potential consumer growth, though, from the evolution from decades of suppressed demand from the communist past.
The futures are strong early AM. I don't see any news, so it might be option related or maybe the public continues to buy mutual funds.
ORCL reported strong earnings - the chart gave the correct picture. They usually do. I'm holding ORCL for a good while longer as these strong results play out.
PS: This big move in gold & silver has increased the value of my holdings in those so much I don't need to buy as much as I thought in October. So I'm selling half my gold futures and the silver futures I bought in the summer for good "sugar". Again, this is purely money management and keeping the asset allocations in my Krypto Fund correct (10% gold & silver - that's a lot).
PPS: I don't understand why people (other than perma-bears) can say the 30 year bond is showing more inflation risk or is a harbinger of disaster. The long term real rate of return on bonds is 3%. Year-over-year core inflation is about 2%. Higher mathematics shows that 2% + 3% = 5%. That's where the 30 year bond should be. There sure is a lot of babble on Babblevision lately.
P^3S: Sheesh ... these Babblevision talking heads are dumb. The reason the long bond yields are going up a bit is BECAUSE THE FED RATE CUT HELPS ELIMINATE RECESSION RISK. Recession risk is why the long term yields got so low. How stupid can they be! They don't even think before blabbing!