market crash

Stocks go up, continued.. our best month YTD

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I’m not complaining, really.  June was the Fund’s best month of the year.  I’d prefer a bull market to a bear and there is not doubt we are in the mother of the all time greatest bull market.  Just look at the chart below and you’ll see.  But this is an unusual bull market by all standards.  According to Investopedia, “Bull markets are characterized by optimism, investor confidence and expectations that strong results will continue. It’s difficult to predict consistently when the trends in the market will change.”     This bull market is not characterized by optimism.  In fact … Read more

European Banks Unprepared for Greek Exit From Euro – Yahoo! Finance

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European Banks Unprepared for Greek Exit From EuroBy Elena Logutenkova, Liam Vaughan and Gavin Finch | Bloomberg – 1 hour 27 minutes ago Europe’s banks, sitting on $1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of losses if Greece abandons the euro. While lenders have increased capital buffers, written down Greek bonds and used central-bank loans to help refinance units in southern Europe, they remain vulnerable to the contagion that might follow a withdrawal, investors say. Even with more than two years of preparation, banks still are at risk of deposit flight and rising … Read more

Market may have further to go on the downside

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Bearish chart  The S & P 500 closed down 1.19% Monday on any number of growing anxieties.  We are oversold on a short-term basis but the RSI line is picking up momentum on the way down.  Not good.  Besides the 50 day moving average has been convincingly broken.  Interesting enough Berkshire Hathaway stock is now down for the year. It kind of looks like my broken position in Wells Fargo which is also one of BRK.A’s largest positions. The last year Buffett’s Berkshire Hathaway was negative and the S&p 500 had positive returns was 1999.   There was also massive Internet … Read more

Things look dicey

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We have a very high cash position right now, almost 50%.  Half of the securities we own are municipal bonds we blogged about earlier.  The rest is in Intel, AMSC, ARTC, and a new position, SHLM.  We could be all cash in seconds and net short.  Stay focused you should get  a buying opportunity soon.