Krypto is watching this market now as intently as she watches a herd of sheep. She's getting ready to deploy some cash. The model is close to giving her a re-allocation buy signal for US stocks. She sold a good amount of those at much higher prices and looks to re-buy soon. I think S&P around 1000 to 1011 will give a good signal.
I'm also questioning the size of holdings in TIPs now. Those are getting to ridiculously high prices. Krypto has targeted 10% of assets in TIPs, 2.5% in cash. She recenlty cut TIPs from 12.5% to 10%. I wonder if some more of the TIPs should go to cash, for eventual redeployment. Thinking ...
Stock prices are down in Europe - more fears.
Anecdotally, New England business seems improving. I saw another new private construction project in my little town's center. Permabears are likely soon to be caught short.
Economy
Today we get another look at unemployment claims. I expect nothing good. The jobs picture and economy cannot improve until the weekly new unemployment claims falls under 400,000, preferably to under 300,000 per week.
PS: 472,000 new jobless claims. There is no "recovery". Still slogging in the swamp. Here's 472,000 new "thank you" messages for Pelosi-Obama-Reid ... hmmm ... that acronym is POR - guess it fits their performance and the status of far too many people in America.
Word of the Day
"Marasmus" - noun [$10]
Marasmus means a wasting away of the body.
Sentence: The world economy is not suffering from marasmus; the productive assets and human capital are still there and simply need to be put to use by people with vision and will.
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.
14 comments:
2nd half helmet contest: high, low, close. (all based on S&P daily closing prices)
No pick permiteeed within 15 pts of a prior pick.
Bman: low - 1011, high - 1240, close 1199.
Mav - if you want the WW II style helmet prize, send me an address for delivery.
congrats boyz
1090 high
860 low
close 900 Merry Christmas lol
Cool Bman....email sent
1119 high
839 low
939 close
don't see the email anywhere, mav.
try -> krypto120602@yahoo.com
got it mav at the place you first sent it - wierd, comcast thought it was a junk email ...
472,000 new jobless claims
There is no "recovery". Still slogging in the swamp.
Here's 472,000 new "thank you's" for Pelosi-Reid-Obama.
low 1010
high 1241
close 1200
lol uh frosty ... guess you didn't read the directions ;)
"No pick permiteeed within 15 pts of a prior pick."
15 pt spread...what kinda slip shot operation you running here...at least let your guests pick first...lay all over my action indeed...you reading my email again sir.
nope ... writer & prize offeror picks first.
No free rides on my picks ...
;)
btw, frosty, there are still an infinite number of possible picks left for you.
:)
oohh that's the way it's gonna be...nonono worries...even Krypto not buying your $spx 1010 today...just sayin.
Post a Comment