The National Bureau of Economic Research acknowledged that we have been in a recession for about a year. Who knew? What with the Larry Kudlows, Don Luskins, and their ilk telling us that everything was fine, and Jeremy Siegel reminding us to assume growth like beggars assume wishes, can you believe it? I mean, wouldn't you announce something like that in real time, or does an election year cycle participate? Nah.
Didn't somebody say that a sizable percent of New York tax revenue comes from Wall Street bonuses? And didn't Ah-nold declare a financial state of emergency in California? And whatever became of the Greenspan-Bernanke putz?
Asset Allocation pivots, sorted by year-to-date action. Of course, there's a bull market...aren't you watching volatility and the yen?___________________________________________
Asset allocation table sorted by pivots.______________________________________________________
RSI7 data (daily) stuck in the middle...with you___________________________________________________________
RSI7 weekly oversold (long RIMM dual calendar spreads)_____________________________________________________
RSI7 Monthly oversold__________________________________________________________
Dow Industrials (lower highs) with stochastics rolling over. Don't worry, we're from the gubmint and we're here to help you.___________________________________________________________
"The soft landing is real."
Good trading and great risk management to all.
Educational use only. Never intended as investment advice.
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