It is time for me to write the final piece for 2008 - I have under the circumstances had excellent year in the fund, but somehow I am totally exhausted watching the S&P go up-and-down 100 points every day.... and today I went to the funeral of my dear friend Jens.....and it made me realise that I need to take some time of - enjoy the good year - and let markets be markets as the "lottery" circus continues into the year-end.
Fed was decisively desperate - "all in" poker style as my friend Jesper calls it....and Bless them, I wish them luck..... hope is good, especially considering the year we are going to face in 2009 with rising unemployment.
I will keep a few positions - would not be able to sleep if not - so.... long puts in STOX50 still, bought some EUR p USD c @ 1.4050 ish today...., and our allocation model still maintains the exposure as stated before.
Finally, let me wish you all a Happy Holiday, may the presents be big and expensive for you all.
Tuesday: Case-Shiller House Prices - Tuesday: • Early, *Reis Q2 2017 Apartment Survey* of rents and vacancy rates. • At 9:00 AM ET, *S&P/Case-Shiller House Price Index* for April. The consensu...
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