This is clearly not a normal recovery – the implications for deflation and gold Sat, 06 Mar 2010 13:23:00 +0000
Note to Readers: Read this next section using the voice of Andy Rooney (that old guy who comes on at the end of 60 Minutes):
Did you ever wonder why they call it hamburger? There’s no “ham” in it?
Did you ever wonder why they call a building where everyone lives really close together an “a-part-ment”? [...]
What the Olympics have taught us about capital preservation Sat, 27 Feb 2010 10:27:34 +0000
As with most people in Canada, and around the world, I have spent some time over the last two weeks watching the Olympics. Not a lot of time; I do have a day job, and I’ve got better things to do during the day than watch someone skiing and shooting a rifle. As a Canadian, [...]
Some days everything goes perfectly. Other days, not so much. A week or so ago I bought a few shares of RSW – Rydex Inverse 2X S&P ETF, on the expectation of further weakness. I think the market has been up every day since I bought RSW. Oh well, can’t win ‘em all.
Sometimes I get [...]
Portfolio Diversification – The Funny Way Sat, 13 Feb 2010 08:47:58 +0000
This week was not that eventful. The Dow, the S&P 500, and most other indexes finished the week roughly where they started. The price of gold was up, but not enough to generate any real headlines. The major indexes (or indices, if you prefer), are down on the year, and we are now at an [...]
The Abyss Averted? Sat, 06 Feb 2010 13:30:38 +0000
Wow, that was lucky, eh? (For my American readers, “eh”, pronounced “A”, is how we Canadians end every sentence, eh?). Lucky in the sense that the Dow had fallen through 10,000, and was clearly headed for the abyss, until everything got better, and everything was fine. From around 10,000 at 10:30 am, the Dow fell [...]