Archive for July, 2011

Too late to hedge?

Posted on Jul 10, 2011 by WHC Bassetti.

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We were of two minds about Friday’s action.  Our rational mind said, a natural reaction to a surging upwave.  Our irrational and paranoid mind (which got reinforced Sunday) was it looked funny.  Today, Sunday, the Times reports that Boehner has thrown in the towel on a deal with the White House on the debt ceiling– says he can’t pass a deal with “tax increases”  (thought we were going to call them “revenue enhancers”).  Whatever we call them it’s not going to happen, which means we are one day and one giant step closer to default.  The market which has been blithely speeding across the bridge to nowhere should at this point throw up convulsively at the prospect (increasingly likely) that economic troglodytes will allow the most powerful and richest country on earth to act like Greece (Ireland?  Iceland?  Portugal?  or worst of all, like Italy (viva Berlusconi — what a macho!))

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Bridge to nowhere…

Posted on Jul 07, 2011 by WHC Bassetti.

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Readers may remember the horror story of some years back of a bridge that a barge ran into, knocking out a section.  It might have been over the Missouri.  Motorists racing across the bridge plummeted to their death.

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A Golden age ends…

Posted on Jul 02, 2011 by WHC Bassetti.

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republished in error.

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What is it about rocket blast offs that you don’t understand?

Posted on Jul 02, 2011 by WHC Bassetti.

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Most readers (most professionals) are unaware of the four percent system.  To oversimplify, when the index (various including mainly Value Line) surges by four percent in a week, buy.  When the index drops by four percent in a week, sell.  Mechanics and engineers can see the specifics of this system in our GGU folder:  http://www.edwards-magee.com/files/ggu/systemfourpercent.pdf.  The Dow rocket just shot into space in a week that recorded over 5% gains, snapping shut the bear trap with a clang (or a ka-ching).  Does this make sense?  No.  It’s just musical chairs and the Old Maid card being handed out to traders who believe their own opinions that they are going to see a bear market.  Solly, Chalie.

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