A.M. Look 12/7/11

I have nothing new to add to comments over the past several days.

Markets get far more interesting to me the end of next week into the beginning of the 19th.

Until then try not to get run over with all the Hedgies trying to make their year in the next 2 weeks, so they can get their Xmas Bonus.

Model Trading Portfolio…Current Holdings

No positions

Our view is that the rest of the year will be a High Volatility, Highly Technical, Rumor Driven, Time Frame, Lemming Effect Day Trade.
The question is who’s day? Right now it’s Europe’s.

Medium Term View

We believe the political and economic risks are now heavily skewed to an all cash portfolio. The markets will become a big day trade.

30 Yr. Bonds …I’m treating 147 as the high for a long time. 143.10 now becomes our upside pivot. Closing above this level
will be short term positive the Bonds and negative the equities.

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