Nothing is happening.
Krypto has a sell order for some emerging market stocks via VWO, the Vanguard Emerging Market ETF. It's a weak signal, so I think I'll wait a bit, as I did last time on that one. This is just a rebalancing trade at the 5% level, meaning that the asset class of emerging market stocks has 5% move money in it that a perfectly balance portfolio would have. A strong signal is 10%.
A second effort for a summer rally is in progress. Perhaps this time it will get further along. Futures are up this AM after being flat overnight.
Word of the Day
"Simulacrum" - noun [$10] the 'i' is short as in 'bit'; the 'a' can be either long or short.
Simulacrum means 1. an image or a representation; 2. an unreal or vague semblance. ALT: 1. an image of something; 2. a. a shadowy likeness, a deceptive substitute; b. mere pretense.
Sentence: Obama is a mere simulacrum of a leader. All talk, no substance.
About Me
- Bunkerman
- I have a pioneer mentality. My wife & I live in the woods - neighbors aren't visible except slightly in winter. Our "bunker" - hehe, really a fine home & barn - has plenty of security. We have four dogs: Krypto (age 9, Kelpie), Ava (age 13, Rat Terrier), Sky (Kelpie, age 5) and Lucky Star (age 1, kelpie). I don't take crap from anyone anymore, having enough resources & gear stocked up to survive in any circumstance. I have three degrees from Harvard including a Ph. D. in a physical science, and an MS in Management from MIT. I worked as an investment banker for about 25 years, mainly in secured finance, at three major Wall Street firms and for the last 17 years with my partners at our own firm. I'm semi-retired now, managing some private corporations and business interests and doing my own trading & investing. This is not to boast, but to give you an idea I know a little about some subjects from experience. The photo is my 1943 M16 half-track which I am restoring. These armored vehicles were ubiquitous in the US Army in World War II and Korea. It's driveable.
7 comments:
spoken like a true piranha...interesting your beefer ways have morphed into some sort of asset model managed by a K9 in an attempt to mask your action to fool the common man reader...you should feel great shame sir.
your 2nd half low call and the resulting rocket ship higher are looking good so far, what was your high water mark sir?
wrongo frosty ... I'm proudly helping the common man beat the dirty beefers at their own game.
My 2nd half high pick is 1240.
cramer and kass both..."low is in for the year"...did you have the beefer jewcrew over for the bbq on the 4th...very proud that you didn't allow your anti semitic tendencies get in the way of making money....USA USA USA
oh, we've known for years that they both read this blog.
:)
you are or were a CSX man...printing a huge juice reversal bar off earnings...you thinkin a period of sell the news.
Don't know, frosty ... there's alway a bit of that - it's a fave game for beefers.
I haven't followed the RR's for awhile. I mostly take orders from Krypto.
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