Krypto is waiting, but is considering selling TIPs to take that allocation down to 5%. Procceds would go to cash, then stocks once this beefer selling subsides.
The beefers decided to sell yesterday. Why ?
The Fed ? Nope, that just confirmed the obvious, that US economic growth was sluggish.
Unemployment claims numbers have been showing that for many weeks.
The Fed policy change ? Nope, that's a positive, as mortgage refinancing would have severely and quickly contracted the monetary bases from mortgage prepayments. Also, the drop in Treasuries is good. The window for corporations and homeowners to lock in lifetime low interest rates for long term financing is now a big, broad bay window, as wide as a barn door.
These actions will create a strong foundation for a huge new bull market in a couple years, led by the big caps.
So Why ?
Because beefers simply act like a herd now. Some start selling and the quants hop onto the trend. And no real buyers exists at these moderate, middling levels. Heck, almost no real buyers exist anymore anywhere. The Street and beefers and computer traders have driven them all away. It has become pointless to follow market action - all is now simply the transient fluctuations - often large - of beefer funds running computer trading models.
Patient real buyers like Krypto simply sit and wait for lower prices. Then we buy.
Word of the Day
"Ophidian" - noun & adjective [$10]
Ophidian means (noun) a reptile of the suborder Serpentes (formerly Ophidian) comprising snakes; (adjective) 1. of or relating to this suborder; 2. snakelike.
Sentence: The DC Ruling Class has a predominantly ophidian character: they slither and steal and tempt unwary voters with corrupt apples. Boss Ophidian = Barack Obama.
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.
12 comments:
I was at the MG range yesterday, practicing, hence no replies to comments. Sorry.
I await the weekly unemployment claims number with resignation that another poor number is quite likely.
Initial jobless claims for the week ended August 7 totaled 484,000, which is more than the 465,000 claims that had been widely expected. It also marks the highest initial claims count since February. Figures for the prior week were revised slightly higher to reflect 482,000 initial claims.
More poor performance from the P-O-R "leadership" team in DC.
Ophidians.
another day another permabear rant...come on....thought you were the ultimate pirahna.
hey where is Sal....smokin POT.
Krypto is waiting for some cheap stocks.
Have Cash, Will Invest.
well well well
the ponce finally delivers.............and not just for the queens in the west village
private email POT
' helluva call bob '
Bman do you think the Euro is a short ?? what does your dog think ? lassie or whatever his name is
No opinion on Euro.
what do ya call 7 million pakis caught in a flood...a good start.
what do you call someone that lives in oregon..............a fag
didn't think it was funny frosty ??? i don't care................i think that was hilarious
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