Archive for June, 2012

email hacked

Posted on Jun 30, 2012 by .


bassetti email has been hacked.  don’t click on  links in email from bassetti. stockcharts links are ok.

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Got whiplash yet?

Posted on Jun 29, 2012 by .

0$SPX&p=D&yr=0&mn=3&dy=0&id=p88572661534&a=214966864 We once compared market action to drunk squirrels running up and down a tree.  We’ve decided that drunk doesn’t do it justice.  Squirrels on meth, rather.  But today’s squirrels may be blasting off into a new wave.  At the very least we are lifting parts of our hedge and assuming for the moment that […]

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All the arrows point in different ways…what’s it mean? What price glory?

Posted on Jun 25, 2012 by .

0$SPX&p=W&yr=4&mn=0&dy=0&id=p23979716543&a=268628380 An interesting technical question is:  Are we still in the aftermath of the break of the Mar 09 trendline?  In this weekly chart we see a substitute long term trendline develop from the March 09 bottom.  That line effectively defines the  roaring bull market we have had since the Mar 09 bottom.  The breaking […]

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Gotcha markets. As Keynes would say…

Posted on Jun 22, 2012 by .

0$SPX&p=D&yr=0&mn=3&dy=0&id=p88572661534&a=214966864 Keynes — that iconic economist who is more insulted than honored — aptly said that investing was oftimes a game of musical chairs in which the winner was able to get to a chair before the others.  Yesterday was one of those games –either gotcha or musical chairs.  We are partially hedging some index […]

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Greek tragedy or farce? and investment pornography….

Posted on Jun 18, 2012 by .

0$SPX&p=D&yr=0&mn=3&dy=0&id=p88572661534&a=214966864 At the risk of being accused of being a pinko, commie San Francisco fellow traveler we offer you a great truth from Marx:  History repeats itself, first as tragedy, then as farce.  The Greek farce — or perhaps satyr play — appears to have  favorable resolution for the moment with responsible parties winning the […]

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