Well really, there are parallels to the 2003 period where the dawning reality that the bears time had come and gone set in as the wonders of inflationary monetary policy worked their magic.
No, I have not gone schizoid; the bearish posts of late have nothing to be apologetic for. Risk is ridiculous to the bull case. But as I have been writing in NFTRH, the path of least resistance remains up in the short term and I will not go running for the bag to the left. Dow still has not hit the short term upside target, nor has SPX hit the one established 1+ years ago, 1224 or thereabouts.
Risk vs. reward sucks, but patience and perspective are what the game is all about.
That said, in the spirit of the 'bottom feeder' trade in JOF, I have picked up an old friend in the clean energy area that I rode to good profits in the inflation bull circa 2003-2007, along with a system-on-a-chip guy focused on Asia. Both are showing improved Q performance. These are just trades for now, but both are bottom feed/catch up plays. Will talk about them and update status on inflation bull circa 2009-(?) this weekend in NFTRH79.
Have a good day and make sure your tin foil hat does not fit too tight. This mess is terminal, but who among us has the power to predict when the illusion might fall away? Certainly not me.
