Subscribe:
Email
RSS
Add to Google

Archive for the 'Mea Culpas' Category

I was wrong.
Thankfully opinions do not always reflect results. The story of this recent trade for our ManyPeaks Absolute Return accounts in the Dow Jones Transportation index (symbol IYT) reflects that fact.
I really liked both the fundamentals and chart of this sector, and bought the first position in anticipation of a cup/handle pattern occurring. […]

Judgement on my inaugural Mea Culpa might have been a bit premature. Stocks were kosher even with a 5% spike in oil prices, as the indexes tacked on a few tenths of a percent to the upside. Volume was low as the big boys did some hand-sitting in front of the Fed decision […]

Uhh.. Right

My market call yesterday certainly didn’t play out as I’d expected. We were down .3%, which isn’t much fun but far outperformed the indexes.
The rationale for today’s brutal giveback was even reported accurately by many in the mainstream financial media for once. Interest rates ticked up pretty big — from 4.81 to 4.87 on […]