Cold Comfort Tim

By -

There seem to be some consistent realities in the market recently:

  • If there’s good news (even made-up) about Iran, the market blasts higher;
  • If there’s bad news about Iran, the market slips a tiny bit initially and then recovers all the same;
  • Semiconductors lurch higher every day;
  • I remain 100% short, no matter what slings and arrows are hurled at me;
  • My portfolio creeps higher

That last bit is both strange and encouraging. I well recognize all other Slopers have given up (under the guise of “ya gotta play both sides”, but they’re only on the bull side), but not me.

I’m not playing along, and the freakish ability of my portfolio to get a little stronger each day is both heartening and weird. Want to buy Micron? I won’t get in your way.

(more…)

SPX Target Registered

By -

Excerpted from the May 10th edition of Notes From the Rabbit Hole

While I am a gold bug, I am not a narrowly focused bug. In the markets I want to increase capital, where ever that can be achieved. The last several months of portfolio diversification have provided a solid increase. But it is time now to rebalance and tighten the focus. That is illustrated in much more detail in the segments that followed this one, in NFTRH 914.

SPX Target Registered

I seriously had no clue that SPX was even close to target, let alone realized it had hit the 7400 measured target yesterday, until I took a look yesterday afternoon. Though upside targets are seldom stop signs (at least mine aren’t, they are objectives laid out well ahead of time), it does give me a bit of pause.

(more…)

I’m Sorry, Dave

By -

As I stood on a platform high above Wallace Wade stadium at Duke University, watching the graduating class below me, I was staring at the clouds and moon. I was fortunate enough to be upright with much room around me, unconfined to one of the tens of thousands of tiny chairs in the stadium beneath, and I could stretch and gaze around without seeming rude. As I looked at the moon in the pale blue morning sky, the President of the school uttered over the loudspeaker, “Congratulations to the class of 2026.”

(more…)