Thursday, November 28, 2013

A bit of morning news

Apparently the US is closed today, so there's not much reason to watch the tape.

Here's some news:

Reformed Borker (Bork Bork Bork!) - the highest conviction game. This makes me feel good:
Imagine you could only have four positions in a portfolio between now and year-end, of equal size (25% each). Obviously this is nuts, call it a gun-to-your-head thing. No one would advocate doing this in real life but it’s a helpful exercise in determining your true highest-conviction investments at any given time.

Just for fun and completely hypothetically, mine would be:
  • 25% Long Japanese stocks / short Japanese yen
  • 25% US Financial Sector Stocks
  • 25% Investment Grade US Corporate Bonds
  • 25% European Stocks
These are asset classes / sectors where I see value and where I can picture the fund flows going to drive their prices higher into the end of the year. Just my guess, of course.
That makes me feel good, cos I've got US banks (ZUB), and Europe and Japan (CIE). Felt like a dumbass for not owning the Nasdaq, but he seems to feel it's okay. Now if only China Tech (QQQC) would break out.

Reuters - rural India shows signs of economic revival. Of course! They had a bountiful harvest, and the Congress Party government leaves them alone because they're an entitled elite who want to keep the poor downwind and far away.

WSJ China Realtime - stabilizing producer prices in China.

der Spargel - Nazi pig newspaper editor complains about the grand coalition. Read it for good background on the Merkel/SPD coalition that's forming, but realize that the guy who wrote this editorial is a right-wing German asshat who wants more austerity, more dead poor people, and more wealth confiscation by the plutocratic Eurozone elites that he's trying so hard to be the lickspittle of.

Proof? He hates the agreements in principle on a nationwide minimum wage and retirement age modifications that make the foundation of this coalition because they're "stealing money from future generations". Huh? Helping people not be poor is "stealing money from future generations"?!? Justice and fairness are "stealing money from future generations"?

Roland Nelles is a hateful Nazi shit-stain and a willing fucktoy for the corporate kleptocratic class. Also, Roland, see below regarding the Pope's opinion about your evil corporatist attitude.

The Guardian - Pope Francis urges the rich to share their wealth. Holy fuck, this guy just won't stop with the Jesus Christ business, eh? Quote:
[...] Francis went further than previous comments criticising the global economic system, attacking the "idolatry of money" and beseeching politicians to guarantee all citizens "dignified work, education and healthcare".

He also called on rich people to share their wealth. "Just as the commandment 'Thou shalt not kill' sets a clear limit in order to safeguard the value of human life, today we also have to say 'thou shalt not' to an economy of exclusion and inequality. Such an economy kills," Francis wrote in the document issued on Tuesday.

"How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?"
Oh no! This guy's a bloody communist!

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