unlui
Cymbius !
By Todd Harrison May 18, 2010 10:45 am
I've long offered that the destination we arrive at pales in comparison to the path we take to get there. That applies to trading, and it also applies to life.
On yesterday’s Buzz & Banter, Professor Sean "Don't call me Melvin" Udall -- a gentleman whose been particularly en fuego over the last year -- shared that he was adding exposure in the financial sector such as Morgan Stanley (MS), Citigroup (C), and Bank of America (BAC), while looking at other banks, such as Goldman Sachs (GS), JP Morgan (JPM),. Hartford (HIG), State Street (STT), and Northern Trust (NTRS).
He continued:
“My view is that in the last two days, negativity has swelled to epic proportions, as has the guest list on CNBC of gold bugs, clarion calls for big crashes, the return of the doomsday crow-- most whom have been far more wrong than right for many years.
"Meanwhile, some names (in many sectors) are seeing price levels that only make sense if mired in deep recession territory again.
"Moreover, I have not had an inkling to be anywhere close to levered long since the late Jan/Feb time frame and have buzzed about riding/increasing select shorts and holding higher than normal amounts of cash. Now, after Friday and today, I'm thinking of moving towards levered long again--my only remaining short is Baidu (BIDU).”
Now, there's no denying the bulls won the battle of 2009 -- in a big way -- and I agree with Sean in some regards, such as how loud certain financial topics have become of late (see below for details on how I incorporated that into my stylistic approach).
...{ }
As posited in The Decade of Decadence, it feels as if the boom-bust cycle has accelerated as a function of technology, leverage, the derivative machination -- or a combination thereof. And, as I discussed yesterday morning, the sudden and widespread celebrity of European demise perhaps set the stage for a bounce in the currency and as psychology shifts, could conceivably migrate across the equity spectrum.
Markets are measured in two ways, time and price, and there are no blanket answers or one-trick ponies. As Jeff Saut likes to say, where you stand is a function of where you sit...
I've long offered that the destination we arrive at pales in comparison to the path we take to get there. That applies to trading, and it also applies to life.
On yesterday’s Buzz & Banter, Professor Sean "Don't call me Melvin" Udall -- a gentleman whose been particularly en fuego over the last year -- shared that he was adding exposure in the financial sector such as Morgan Stanley (MS), Citigroup (C), and Bank of America (BAC), while looking at other banks, such as Goldman Sachs (GS), JP Morgan (JPM),. Hartford (HIG), State Street (STT), and Northern Trust (NTRS).
He continued:
“My view is that in the last two days, negativity has swelled to epic proportions, as has the guest list on CNBC of gold bugs, clarion calls for big crashes, the return of the doomsday crow-- most whom have been far more wrong than right for many years.
"Meanwhile, some names (in many sectors) are seeing price levels that only make sense if mired in deep recession territory again.
"Moreover, I have not had an inkling to be anywhere close to levered long since the late Jan/Feb time frame and have buzzed about riding/increasing select shorts and holding higher than normal amounts of cash. Now, after Friday and today, I'm thinking of moving towards levered long again--my only remaining short is Baidu (BIDU).”
Now, there's no denying the bulls won the battle of 2009 -- in a big way -- and I agree with Sean in some regards, such as how loud certain financial topics have become of late (see below for details on how I incorporated that into my stylistic approach).
...{ }
As posited in The Decade of Decadence, it feels as if the boom-bust cycle has accelerated as a function of technology, leverage, the derivative machination -- or a combination thereof. And, as I discussed yesterday morning, the sudden and widespread celebrity of European demise perhaps set the stage for a bounce in the currency and as psychology shifts, could conceivably migrate across the equity spectrum.
Markets are measured in two ways, time and price, and there are no blanket answers or one-trick ponies. As Jeff Saut likes to say, where you stand is a function of where you sit...
forza 
