Jim, me go short the indexes? Actually, I think the rally was a bit overdone, the markets were going up anyway, the FED goose just got people stupid again, so I am waiting to see what happens in the NDX, SPX, DOW, etc, if I get the signal, I will short them. Don't get me wrong, I had turned long on some stuff the day before the goose, I just got my returns faster than I figured.
The only thing I am short at the moment is CSCO, here is a link>http://www.siliconinvestor.com/readmsg.aspx?msgid=15683026 Added a bit Friday
I think we talked about that Argentine thing a month or so back, maybe longer, right? There are some serious defaults that could come to light. Have you noticed mortgage rates are going higher in spite of the FED cut?
I had lunch today with some buddies, one is a banker. He was all bullish, thinking his loan writing business will increase. My only question was how much more debt would he allow his typical borrower to add.
He thought for a long minute and his reply was he was thinking refies and auto loans. I then reminded him the term mortgage comes from Latin, the translation is dead debt....and that the car industry is already offering 1% loans on new vehicles, which is why I think auto sales were so good last quarter. I don't really know how it will wash out, but too much personal debt is a very bad thing, Imo..
I think an examination of the Japanese economy, with just about zero cost of money and how that has not worked out the way one would think is in order??
And could the same happen here?
Anyway, there is always something to buy & something to sell, the spoils go to those that can figure out which ones. |
