- I just hope at the very least over the course of this year I have managed to keep you out of an all in equities long portfolio
- I know there were trying times to this thesis but here we are now…
- This morning’s May employment report (very weak) was just another data point showing to slowing global growth.
- I remain short a 1/3 position in SPY with my downside targets on the SPX being 1276, 1250, and 1210. One step at a time and we evaluate anew after each level is hit..or not.
- Two macro charts below, please note the HUGE levels that AUD/USD and Oil are at. If either of them break stuff can get ugly.
- I continue to reiterate to stay in cash as Bucket 2 trades are close to impossible…unless you have stops at VERY wide levels. Keep your timeframes intraday or extremely long…if you must do anything at all.
- Please, please please read this….it says everything I want to say and more. I don’t agree with it all but we must see all sides, always: http://www.zerohedge.com/news/big-reset-2012-and-2013-will-usher-end-scariest-presentation-ever
