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August 2010

Recs

48

Why I think it's getting worse before it's getting better.

August 26, 2010 – Comments (20)

There is a Simpson's episode where Chief Wiggum has somehow caught his tie in the hot dog turning apparatus at a gas station.  As the machine slowly reels him in, Chief Wiggum says:   [more]

Recs

35

What I didn't sell.

August 16, 2010 – Comments (4) | RELATED TICKERS: UGP , NETC , VIV

It's tough to say for sure, but I think the market is going to get worse before it gets better.  I have been watching rail time indicators, inventory levels, the debt market, and various other factors for several months now and the positive news seems to have peaked and now be dropping.  Now that pretty much all the Q2 news is out, I just don't see a lot of giggles and smiles in store for us during the second half of this year.  While I do not believe that we will see a drop of the same magnitude in early March of 2009, I suspect we will reach about a 950 range for the S&P 500 towards the end of this year.  The nature of this call stands in stark contrast to my usual optimistic nature, but a realistic approach seems more prudent than an optimistic one when dealing with investing.    [more]

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