Archive - Jul 11, 2010 - Blog entry

Ben Bernanke and Alan Greenspan are in denial, still don’t understand the Fed’s role in creating the credit bubble, and until they do, investors have no reason to trust in paper currencies. You should be restructuring your portfolio to reflect the ongoing economic decline of the West and the rise of the East. Central banks have cut their holdings of the greenback from 70% to 65%, and we could be on our way to 50% or lower. An exclusive Hedge Fund Radio interview with Adrian Day of Adrian Day Asset Management. (UDN), (CYB), (EWZ), (GFA), (EWS), (FCX), (CORN), (POT), (PHO), (AINV), (ARCC).

Last week’s market rally, in which the prior week’s carnage was reversed, occurred without any major economic or market news and blunted talk of a double-dip recession. What will occur over the next several weeks, however, is a string of major earnings releases with little margin of error, owing to a consistent ratcheting up of expectations in 2010.

Do you think this will work? I am not sure, but willing to try.