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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (5608)	1/20/2004 5:29:48 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

I'm now about 35% short, and think in the current environment that will be the winning trade. Another 15% is in the last of various PM and energy stocks that are about to go long term cap gain, or where restrictions are coming off. I also have a Euro$ (June 04) short (bet on higher short term rates)on, and I've written about it here. The rest is in cash, including quite a bit that I've just left in Canadian currency from the PM junior sales in the 4Q, 2003. Other than that, I don't have any commodity or "anti-USD" currency trades on now. I think participants are in way too many of the same old stale "long" playbook trades, right when we are at "train wreck" time. I can't EVER recall witnessing so many people so badly off-side in thirty years at this. Even James Cramer is touting oil service stocks this afternoon for example.