Archive - Jan 2010 - Blog entry

I will be the first to admit that 2009 was a disappointing year for my investment results. Although the first quarter of the year was the strongest that I ever had during the Asset Securitization Crisis, and I clearly saw the trend reversal coming at the end of the quarter, I significantly underestimated the length, breadth and depth of the trend reversal. With that being said, I do want to put things into perspective...

A peek into what the top hedge funds and institutional funds are buying for 2010...

The 2009 calendar year numbers for the Social Security Trust Fund are in. These numbers confirm that the Fund is badly off track. Is there a fix to this systemic problem?

PPIP is even worse than I thought ...

US Troops accused of executing children, can't photograph Xmas lights in Orwell's Britain, Soros suggests gold-backed SDR collateral wealth transfer, Ireland goes cashless to harvest souls, UK State can invade homes for eco-friendliness, Pakistani volleyball explodes into 2010.

The implications of a looming “W.” The risk of economic Armageddon is still out there. Please pass the Xanax.

Bernanke gave us an insight into his thinking this weekend. If you think he is going to get tough this year with monetary policy you can forget it. The Carry Trade is alive and well folks....

Ben Bernanke delivered a speech yesterday that could mark a turning point in the Fed's views on and handling of potential asset bubbles. Despite Helicopter Ben's usual attempts to blame everyone else but the Fed for the housing bubble, at the very end of the talk Bernanke actually suggested that the Fed would consider using monetary policy to combat asset bubbles. What a start to 2010.

Could be ...

Jordan Kotick at Barclays Capital shared technical charts tale of some possible market corrections in Q1 or Q2 of 2010.

Will 2010 be a year of Black Swans or Black Sloths? You be the judge...

A Carnegie Deli-sized smattering of news stories from a long weekend that reflects the dominant theme within collective social mood: angst.

Will JGB’s Ever Go Down? One thousand bridges to nowhere.

Marla S. did a piece today about the Agencies that got me thinking. The story of the Battle Ship USS Fannie Mac and the terrible accident that occurred.

Despite its red hot streak in 2009, copper's continuous rally in the face of swelling inventories, a sign of weak consumption, has perplexed many in the market. Some even say copper is behaving more like gold rather than strictly a base metal. Could copper be the new precious metal?