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Global Macro Trading Journal
- Thread starter Daal
- Start date
I sold my Mali mine at a 20% loss, its 20% lower today as the situation there makes a turn for the worse. Army troups of neighbour countries are ready to step in. I will keep watching the situation. Say Mali exposed stocks drop 90% from here out of fear for a failed State and things dont become that bad they should rebound nicely.
http://globaleconomicanalysis.blogs...lysis+(Mish's+Global+Economic+Trend+Analysis)[/url]
Mish on unemployment
Mish on unemployment
Bull counter case for AMZN:
http://seekingalpha.com/article/483081-is-it-possible-to-defend-amazon-com-s-sky-high-valuation
http://seekingalpha.com/article/483081-is-it-possible-to-defend-amazon-com-s-sky-high-valuation
Hussman this morning ...
All job growth since 2009 has been from seniors. Jobs to those 55 and under continue to shrink. The entire essay a great takedown of the current and previous sociopaths running monetary policy in the country.
What we've observed in the employment figures is not recovery, but desperation. Having starved savers of interest income, and having repeatedly subjected investors to Fed-induced financial bubbles that create volatility without durable returns, the Fed has successfully provoked job growth of the obligatory, low-wage variety.
Hussman can't buy in a bull market to save his life, but he knows economics.
Forgot linky ...http://www.hussmanfunds.com/wmc/wmc120409.htm
All job growth since 2009 has been from seniors. Jobs to those 55 and under continue to shrink. The entire essay a great takedown of the current and previous sociopaths running monetary policy in the country.
What we've observed in the employment figures is not recovery, but desperation. Having starved savers of interest income, and having repeatedly subjected investors to Fed-induced financial bubbles that create volatility without durable returns, the Fed has successfully provoked job growth of the obligatory, low-wage variety.
Hussman can't buy in a bull market to save his life, but he knows economics.
Forgot linky ...http://www.hussmanfunds.com/wmc/wmc120409.htm
European credit stress is rapidly returning and stocks are falling out of their uptrend (moving to neutral if not down), looks like the same script is playing out as in 2010 and 2011. It just took a month for markets to digest the second-round LTRO liquidity. God help the central banks if stocks enter a serious decline without making marginal new highs or at least consolidating for a while; for $1.3 trillion they won't have bought much at all.
Absolutely would not be long stocks here, except GDX (described the bull case for that a while back and it's only weakly correlated with SPX; it's actually up a decent amount today) and Greece deep-value.
Absolutely would not be long stocks here, except GDX (described the bull case for that a while back and it's only weakly correlated with SPX; it's actually up a decent amount today) and Greece deep-value.