Hi Jay Today's Update,
I can relate to your thoughts and see much of your vision. In bubbleland, though we must do as the bubbleonians do and go with the flow. I wish I had the vision to determine in what month of the future I will have trouble sleeping. Right now I am only aware of the present situation and as such, I have decided to deploy the troops in small groups of fast attack and retreat.
Things I have decided to take note of: Availaibility of commercial real estate in Los Angeles and midwest, gridlock and overstuffed parking lots of late.
I would also like to share the latest polls suggesting that the bond measure proposed by our govinator do not look promising. Along with the proposal came the republicrap rebuttal which says we can only hope for modest reduction in government spending. Much more appealing to the softhearted is the soft sell. The proposal has come to us with two questions: First, how would you like to finance our recent indulgences by selling us your children? Second, since you're going to agree to selling us your children, would you like us promise to find less obvious methods to waste your tax dollars? I believe that in the end, the measure will pass as the vast majority of taxpayers feel as though they aren't spending enough, now I feel it is much up in the air.
Right now I'm looking at oil prices as a barometer of how things will pan out in the equity markets. The surprise cut by OPEC came as a bit of a surprise to me, but I think this is just another round of "really, no more cheating and we mean it." Rather not surprising was the rapid response from Strong Dollar Snowjob. I do believe this cut will be short lived and provide another boost to the equity markets. Failure of this, IMO will be a turning point for me and I will consider reducing exposure considerably.
I deployed another round of reinforcements to the AZN battlefront today at 49.25 in response to the stupid news and will continue to hold on MON, and HMC.
Cheers,
Voodoo |
