A sustainable bull market?

Stocks have been shooting up for 8 weeks in a row so far, and quite a lot. I am asking myself if I am one of the few dulls that staid on the sidelines looking at the beginning of a secular bull market, missing out on bargain prices that we won’t see for decades, or maybe never again. Have I been too risk-adverse? Have I missed something that was so crystal clear to the many smart enough to be long all the way...

Asset Allocation

Just in case you wondered… This is my current asset allocation (excluding real estate and debt) in this current troubled times: Cash or equivalent:            90% Equity (EM):                     7% Gold:                               3% Currency-wise: USD:                                ...

I am back

ok, I do have to really apologize for the long silence to whoever (anybody out there?) has been following my blog, but a few things happened in my life that kept me extremely busy during the last months. Also, it’s fair to add a bit of laziness (and sleep deprivation) to the list below: 1- Two re-locations. Now I have three apartments to undust: one in London, one in Milan, one in Antwerp (the diamonds capital...

S&P starts with an 8

839.80 S&P touched 839 today, time to cash in the second pizza. Time to go long the market? I doubt… It’s better and safer to let the dust clear, even if this means potentially missing a 20% or plus upside. The situation is so dire, that you don’t really know what’s next. Also, from an economic standpoint, the worst is still to come. We might see lower levels in the months to come. 750...

Global Recession?

From Mish’s Global Economic Trend Analysis, a concise representation of the current situation: Global Recession Headed Our Way The world is heading for a global recession and a sure bet is that it will be blamed on a subprime crisis in the US. The reality is the greatest liquidity experiment in history is now crashing to earth. The root cause of this crisis is fractional reserve lending, and micromanagement of...