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What A Difference A Day Makes
Posted on 09/25/2006 16:38:53 | Link | Post Comment
0920 EST Tuesday January 31 2006
Good Morning: Greenspan's gone and Ben Bernanke is in control and just like Martha Stewart said on the day of her Omnimedia IPO on the NYSE as MSO and achieving attendant notoriety, coining the phrase: "It's a good thing", is how we feel about the arrival of the new Fed Chief. To raise rates a 14th time, just to stick it to us one last time before finally bowing out, was not only beyond us, but Senator Paul Sarbanes and millions of others left disgusted by the same mindless action that wrecked the economy in 2000. What he may have knowingly or unknowingly done yesterday metaphorically, they had to do to a bull run wild out of that famed bull ring in Mexico City: They killed the bull. We think this bull market, whilst it may be a little frothy round the mouth, is a long way from a bull run wild a la 2000 and just as he did back then, instead of leaving a wounded bull heal itself and live to fight another day, Greenspan had to kill it. And look what it bought us: $7 Trillion in losses, a lot of misery and massive deficits, with tax cuts needed to revive the economy expended. This time around, apart from the potential to lower rates all over again and that could happen mighty soon, we are running out of tax breaks which are an important stimulus of last resort. If the congress does not extend those tax cuts, this economy is muerto - dead, as not extending those cuts could, constitute an enormous millstone around the neck of the US economy and put us in some serious long term jeopardy.
Our investment selections continue to rate very highly, maintaining our ranking us in the 1 spot and in regards to our emerging hedge funds model, in spite of a huge overnight increase, this intensely competitive arena still has us ranked in the 2 spot and even though we've now grown this model from a $100,000 starting point on 09/20/05 to $471,585 to date, staying at the top really is incredibly difficult.
Yesterday, we lamented the fact that, if we had done every-thing "right" since inception, in spite of having been ranked 1 a rare, if not almost unprecedented three times over three months, we might have a bottom line total in excess of One Million Dollars today. We still remain in the 2 Spot having added and booked a total of approximately $117,000 to the CT Global Hedge Fund's Equity Ledger, but in order to give you all an idea of how extremely competitive this arena really is, the 1 contender lost $275,000 overnight, illustrating how strong a contender he is and how volatile markets are: Even when you score a record win in this area, risk is everywhere.
Trade Well
From the Desk of Savant
Good Morning: Greenspan's gone and Ben Bernanke is in control and just like Martha Stewart said on the day of her Omnimedia IPO on the NYSE as MSO and achieving attendant notoriety, coining the phrase: "It's a good thing", is how we feel about the arrival of the new Fed Chief. To raise rates a 14th time, just to stick it to us one last time before finally bowing out, was not only beyond us, but Senator Paul Sarbanes and millions of others left disgusted by the same mindless action that wrecked the economy in 2000. What he may have knowingly or unknowingly done yesterday metaphorically, they had to do to a bull run wild out of that famed bull ring in Mexico City: They killed the bull. We think this bull market, whilst it may be a little frothy round the mouth, is a long way from a bull run wild a la 2000 and just as he did back then, instead of leaving a wounded bull heal itself and live to fight another day, Greenspan had to kill it. And look what it bought us: $7 Trillion in losses, a lot of misery and massive deficits, with tax cuts needed to revive the economy expended. This time around, apart from the potential to lower rates all over again and that could happen mighty soon, we are running out of tax breaks which are an important stimulus of last resort. If the congress does not extend those tax cuts, this economy is muerto - dead, as not extending those cuts could, constitute an enormous millstone around the neck of the US economy and put us in some serious long term jeopardy.
Our investment selections continue to rate very highly, maintaining our ranking us in the 1 spot and in regards to our emerging hedge funds model, in spite of a huge overnight increase, this intensely competitive arena still has us ranked in the 2 spot and even though we've now grown this model from a $100,000 starting point on 09/20/05 to $471,585 to date, staying at the top really is incredibly difficult.
Yesterday, we lamented the fact that, if we had done every-thing "right" since inception, in spite of having been ranked 1 a rare, if not almost unprecedented three times over three months, we might have a bottom line total in excess of One Million Dollars today. We still remain in the 2 Spot having added and booked a total of approximately $117,000 to the CT Global Hedge Fund's Equity Ledger, but in order to give you all an idea of how extremely competitive this arena really is, the 1 contender lost $275,000 overnight, illustrating how strong a contender he is and how volatile markets are: Even when you score a record win in this area, risk is everywhere.
Trade Well
From the Desk of Savant
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Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
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