TGIF and some moves

A long week is almost over, and 2009 has just a bit under one month left. Krypto checked her Fund yesterday and as much easy money has been made, Krypto hit the button on the computer to re-allocate. Good doggie ... here's your fee, a fine dog biscuit.

Krypto sold quite a bit of gold (the ETF - GLD), gold stocks, REIT index fund ETF (VNQ), and emerging market ETF (VWO) and the sister index fund. Overall this was about 3.5% of Krypto Fund holdings which were moved to money market funds. All the monies were in retirement accounts, hence no tax affects. TIPS and bonds (except certain municipal bonds) do not seem like good buys to me now, so I'll wait, probably a year until the Fed starts to raise rates. If the stock markets pull back, I can re-buy at lower prices. Patience, grasshopper ....

The speculative 1-2-3 Fund is mostly cash now, too, as all the S&P calls were sold earlier this week as posted. I have some MT stock, MT calls, HBC calls, BA calls and some RIMM, CX and VVUS. I expect a good jobs numbers and will likely take all sugar on all options on any ramp after the number - IF I'm right.

On a push towards S&P 1200, I will look for short plays. My first stop will be any market leaders that fail to make new recovery highs. Second will be whatever sectors I think might be over-extended and ready for a drop. I think the beefers are already distributing stocks like AAPL, GS, etc. They will pull the trigger on all their holdings before year end IF their management fees seem in danger.

I don't expect a big pullback unless something bad happens, like Obama passing his cluster FUBAR health plan. IF that passes, job stagnation will rule for a decade or more.

Yesterday's late selloff had two possible causes: (1) GS put out a negative forecast for this AM's job number to select clients (GS does this the day before the number recently), or (2) general big cap selling by institutions raising funds to buy the BAC offering. Or both.

That BAC offering was something called "Common Equivalent Securities" - CES for short. I suppose they came from some investment banking firm's CESspool. What a bunch of s&^% ! If you want to sell stock, sell stock. Only a fool hasn't learned that complexity is costly and dangerous. Of course, BAC is still run by fools and cads.

Word of the Day

"Desideratum" - noun [$10]
Desideratum means something desired as essential.
Sentence: Strong improvement on the job market is the crucial desideratum for further economic and market advances.