Wednesday, February 23, 2011

Portfolio Update

After two days of slight losses the long only portfolio will move to 100% hedged at the open tomorrow morning. Will it be a wise decision? I'm not sure, it depends on if the Fed can keep up it's POMO fueled market melt-up. If so we will return to a net long position as needed. More on the portfolio will be described in the first volume of the weekly newsletter due out on Sunday.

POMO (Permanant Open Market Operations) "Money Printing"
  • Thursday 2/24/2011 - $4-6 billion
  • Friday 2/25/2011 - $6-8 billion
Good luck fighting the Fed.....

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