Tuesday, November 22, 2011

They came in the same old way ...

Describing the unchanging nature of French attacks, Wellington is reported to have said,

"They came on in the same old way and we defeated them in the same old way."

The hedge funds that have most of the excess capital of the rich seem to behave in that same old way:  barge in, barge out.  No true investing exists by them.  They simply trade to try to extract a profit from  ... who?  Each other now.  They are mindless.  They brawl like drunken cowboys in a western saloon.  Something happens and whoosh.  They all move together.

What do we do?  We practice judo-style investing, buying low, selling high and selling high and buying low, all done in smallish bits to grab slowly some extra percentage points of gain every year while maintaining large, long term investments with most of our capital.  This is Krypto's style.

She got off the couch this morning, nudged me,and voilĂ , I find an order:  buy some gold!

I will obey the machine, buying some GLD at the open to bring that asset class up to its level.  If it drop further, we will buy silver next.

The machine also says to "get ready" to buy some European stocks - a small further relative drop will trigger a strong buy there.

Word of the Day

"Jussive" - adjective [$10] Grammatical
Jussive means expressing a command [e. g. the jussive subjunctive in Latin]
Sentence:  Today Krypto was jussive, but usually she's a couch potato.

23 comments:

Spin-em said...

T2108 38... Col William Presscot Bunk...lol

Bud said...

i am following krypto into GLD...............let's see if she can outperform the hedge funds

Bud said...

brawl like cowboys in a saloon


lmaooooooooooooooooooooooooooooooooo

Bud said...

brawl like cowboys in a saloon


lmaooooooooooooooooooooooooooooooooo

Spin-em said...

Bud said...

i am following krypto into GLD...............let's see if she can outperform the hedge funds





after years of slam bamin Krypto..


roflmaoooooooooooooooooooooo

Bunkerman said...

beware, Bud - Krypto is a long term investor and the "trades" are intermediate term aka months.

Not days hours minutes.

She goes for the larger moves - in gold, a couple $00 per ounce.

Bunkerman said...

'drunken cowboys'

Bud said...

KRYPTO giddyup !!!!!!

Bunkerman said...

btw, if the trade does not work, the watchword is:

Non guaire,
no no no no,
non guaire.

[following the style of the opening scene of Don Giovanni]

Is this not a cultured blog?

:))

Spin-em said...

speaking of cowboys in a saloon....with nat gas fracking boom in Pennsylvania...all these young guys with an azzload of cash come in to these small towns..have nothing to do but drink like injuns and get into fights on their days off..lmaoooo

Bud said...

months lol

GLD trade for me is between minutes and hours

Bud said...

months lol

GLD trade for me is between minutes and hours

Bud said...

who/what is Don giovanni ??


a mobster........a pizza maker.........a wine-maker???????

Spin-em said...

Bud droppin the John Secada act for Goodfellas...Jimmy two time

Im going to get the paper...get the paper


looooooooooooooool

Bunkerman said...

Don Giovanni = Don Juan in Italian.

It's the title of a famous Mozart opera.

He eventually goes to hell ...

Spin-em said...

Bunk 55% of your allocation is spread out in general US,Euro,Pacific stocks....charts say they all perform the same...Since your style is oversold buy/overbought sell...Dont you think you should noodle with the machine a lil??....takeout a couple gears with your big mf wrench??or do you like to create/save jobs for your broker?lol

Bunkerman said...

"charts say they all perform the same"

Within the sensitively of the signals that the model actually does generate, that seems false.

I often - almost always - get signals for buy/sell only one or two groups.

For example, now Europe is close to a strong buy, but US is zilch.

BUT yes, I am aware of correlations - aka colinearlity - has increased a lot recently.

I have begun to wonder how to react if it gets worse.

Spin-em said...

that my friends is as about as close as any man will get to a .."yes...you might be right" from Bunkerman...it's not total...but it's in there...Spinny is Bunks Anne Sullivan.....Spinny Sullivan....loool...waaaaaa-ter...lool

Spin-em said...

It's Ok...here sit down Bunk...breathe into this bag....in....out...there ya go....lol

Bunkerman said...

Annie Sullivan is ?

Took a walk with Krypto and thought a bit more. I do remember times, particulary in a major bull trend, when the assets all moves together more than now, and I was a bit frustrated.

Lately the massive volatility seems to be separating them more, at least for intermediate term moves. I've made a lot more moves lately that in some markets.

Bunkerman said...

and lol, spin, I usually give reasoned replies ... no slogans or metaphors :)

Spin-em said...

Helen Keller's teacher......aye yi yi..lool

Spin-em said...

T2108 38... Col William Presscot

nutten....


Dont shoot til you see the whites of their eyes

lol