torsdag den 25. september 2008

When it is time, it is time....

There is 90 pct chance the plan will be approved today or tomorrow.

The plan is still inconsistent and non-transperent but......I have covered all my short yesterday around 1185-1190 and increased my short US dollar position.

I see Q4 rally based on shortage in stocks - sell ban/long cash and oversupply in bonds....the 'price' will be paid in early 2009 where the mix of the plan, a new president, 8 pct yield will kill growth and margins.

Long t-bonds put, short us dollars vs euro, short eurchf......buying small upside stocks today.....biggest move could be long-end treasuries....

I am in Dublin Ireland so short note this morning;

I will finish with great qoute from marc faber(thkx jacob);

Investment analyst and entrepreneur Dr. Marc Faber concluded his monthly bulletin (June 2008) with the Following:

''The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala.
If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy.
The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part.'

Good day,

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